Miller Value Partners 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Miller Value Partners disclosed 34 US equity positions worth $219.4m in its Q1 2025 13F filing. The largest position was LNC at 8.5% of the reported book, followed by NBR and BFH. Against the Q4 2024 filing, it opened 4 new positions, added to 12 and reduced 4 among the top 34 holdings.
What did Miller Value Partners own in Q1 2025? Top 34 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | LNC LINCOLN NATL CORP IND | Financial Services | 8.5% | $18.6m | 519,255 | 5% | added |
| 2 | NBR NABORS INDUSTRIES LTD | Energy | 7.4% | $16.2m | 388,745 | 38% | added |
| 3 | BFH BREAD FINANCIAL HOLDINGS INC | Financial Services | 7.1% | $15.5m | 309,825 | 2% | added |
| 4 | GTN GRAY MEDIA INC | Communication Services | 7.0% | $15.5m | 3,577,790 | 6% | added |
| 5 | QUAD QUAD / GRAPHICS INC | Industrials | 6.4% | $14.0m | 2,574,225 | 2% | added |
| 6 | JXN JACKSON FINANCIAL INC | Financial Services | 4.6% | $10.1m | 120,950 | -12% | reduced |
| 7 | UGI UGI CORP NEW | Utilities | 4.4% | $9.7m | 292,000 | 0% | held |
| 8 | VZ VERIZON COMMUNICATIONS INC | Communication Services | 4.1% | $9.0m | 198,000 | – | new |
| 9 | TDAY GANNETT CO INC | Communication Services | 3.6% | $7.8m | 2,712,815 | 13% | added |
| 10 | CTO RLTY GROWTH INC NEW | 3.4% | $7.4m | 383,900 | 0% | held | |
| 11 | OMF ONEMAIN HLDGS INC | Financial Services | 3.3% | $7.3m | 149,000 | 0% | held |
| 12 | BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 3.0% | $6.6m | 108,000 | 0% | held |
| 13 | WAL WESTERN ALLIANCE BANCORP | Financial Services | 2.9% | $6.4m | 83,455 | -41% | reduced |
| 14 | CHRD CHORD ENERGY CORPORATION | Energy | 2.7% | $5.9m | 52,766 | 0% | held |
| 15 | VTRS VIATRIS INC | Healthcare | 2.5% | $5.4m | 619,000 | 0% | held |
| 16 | UNFI UNITED NAT FOODS INC | Consumer Defensive | 2.4% | $5.2m | 188,955 | -54% | reduced |
| 17 | CNDT CONDUENT INC | Technology | 2.3% | $5.1m | 1,875,380 | 21% | added |
| 18 | JELD JELD-WEN HLDG INC | Industrials | 2.1% | $4.6m | 776,425 | – | new |
| 19 | MSTR MICROSTRATEGY INC | Technology | 2.0% | $4.4m | 15,250 | 0% | held |
| 20 | STLA STELLANTIS N.V | Consumer Cyclical | 2.0% | $4.4m | 390,000 | 0% | held |
| 21 | DCH AMERICAN AXLE & MFG HLDGS IN | Consumer Cyclical | 1.8% | $4.1m | 995,690 | 88% | added |
| 22 | BKE BUCKLE INC | Consumer Cyclical | 1.8% | $4.0m | 105,000 | 0% | held |
| 23 | BCC BOISE CASCADE CO DEL | Basic Materials | 1.8% | $3.9m | 40,000 | 0% | held |
| 24 | EASTERLY GOVT PPTYS INC | 1.8% | $3.9m | 367,000 | – | new | |
| 25 | BBW BUILD-A-BEAR WORKSHOP INC | Consumer Cyclical | 1.7% | $3.7m | 100,000 | 5% | added |
| 26 | ARLP ALLIANCE RESOURCE PARTNERS L | 1.6% | $3.5m | 127,000 | 0% | held | |
| 27 | FOSL FOSSIL GROUP INC | Consumer Cyclical | 1.6% | $3.4m | 2,965,160 | 15% | added |
| 28 | T AT&T INC | Communication Services | 1.5% | $3.3m | 116,000 | -78% | reduced |
| 29 | CG CARLYLE GROUP INC | Financial Services | 1.4% | $3.1m | 70,000 | 0% | held |
| 30 | LYONDELLBASELL INDUSTRIES N | 1.2% | $2.7m | 38,000 | – | new | |
| 31 | TPC TUTOR PERINI CORP | Industrials | 1.0% | $2.1m | 90,570 | 19% | added |
| 32 | SEMLER SCIENTIFIC INC | 0.9% | $1.9m | 53,000 | 23% | added | |
| 33 | TTEN TOTALENERGIES SE | 0.2% | $494.9k | 7,650 | 0% | held | |
| 34 | FTI TECHNIPFMC PLC | Energy | 0.1% | $259.4k | 8,185 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.