Miller Value Partners 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Miller Value Partners disclosed 33 US equity positions worth $235.7m in its Q2 2025 13F filing. The largest position was LNC at 8.4% of the reported book, followed by BFH and NBR. Against the Q1 2025 filing, it opened 1 new position, added to 13 and reduced 3 among the top 33 holdings.
What did Miller Value Partners own in Q2 2025? Top 33 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | LNC LINCOLN NATL CORP IND | Financial Services | 8.4% | $19.7m | 569,480 | 10% | added |
| 2 | BFH BREAD FINANCIAL HOLDINGS INC | Financial Services | 7.9% | $18.7m | 327,385 | 6% | added |
| 3 | NBR NABORS INDUSTRIES LTD | Energy | 7.4% | $17.5m | 624,100 | 61% | added |
| 4 | GTN GRAY MEDIA INC | Communication Services | 7.0% | $16.5m | 3,647,805 | 2% | added |
| 5 | QUAD QUAD / GRAPHICS INC | Industrials | 6.5% | $15.3m | 2,710,380 | 5% | added |
| 6 | TDAY GANNETT CO INC | Communication Services | 5.0% | $11.8m | 3,284,510 | 21% | added |
| 7 | JXN JACKSON FINANCIAL INC | Financial Services | 4.7% | $11.1m | 124,995 | 3% | added |
| 8 | UGI UGI CORP NEW | Utilities | 4.5% | $10.6m | 292,000 | 0% | held |
| 9 | VZ VERIZON COMMUNICATIONS INC | Communication Services | 3.6% | $8.6m | 198,000 | 0% | held |
| 10 | OMF ONEMAIN HLDGS INC | Financial Services | 3.6% | $8.5m | 149,000 | 0% | held |
| 11 | JELD JELD-WEN HLDG INC | Industrials | 3.1% | $7.3m | 1,874,420 | 141% | added |
| 12 | CNDT CONDUENT INC | Technology | 3.1% | $7.3m | 2,755,225 | 47% | added |
| 13 | CTO RLTY GROWTH INC NEW | 2.9% | $6.9m | 399,145 | 4% | added | |
| 14 | WAL WESTERN ALLIANCE BANCORP | Financial Services | 2.8% | $6.5m | 83,455 | 0% | held |
| 15 | MSTR MICROSTRATEGY INC | Technology | 2.6% | $6.2m | 15,250 | 0% | held |
| 16 | DCH AMERICAN AXLE & MFG HLDGS IN | Consumer Cyclical | 2.5% | $5.9m | 1,439,920 | 45% | added |
| 17 | VTRS VIATRIS INC | Healthcare | 2.3% | $5.5m | 619,000 | 0% | held |
| 18 | BBW BUILD-A-BEAR WORKSHOP INC | Consumer Cyclical | 2.3% | $5.4m | 105,000 | 5% | added |
| 19 | FOSL FOSSIL GROUP INC | Consumer Cyclical | 2.2% | $5.1m | 3,469,727 | 17% | added |
| 20 | CHRD CHORD ENERGY CORPORATION | Energy | 2.2% | $5.1m | 52,766 | 0% | held |
| 21 | BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 2.1% | $5.0m | 108,000 | 0% | held |
| 22 | BKE BUCKLE INC | Consumer Cyclical | 2.0% | $4.8m | 105,000 | 0% | held |
| 23 | STLA STELLANTIS N.V | Consumer Cyclical | 1.7% | $3.9m | 390,000 | 0% | held |
| 24 | CG CARLYLE GROUP INC | Financial Services | 1.5% | $3.6m | 70,000 | 0% | held |
| 25 | BCC BOISE CASCADE CO DEL | Basic Materials | 1.5% | $3.5m | 40,000 | 0% | held |
| 26 | ARLP ALLIANCE RESOURCE PARTNERS L | 1.4% | $3.3m | 127,000 | 0% | held | |
| 27 | EASTERLY GOVT PPTYS INC | 1.4% | $3.3m | 146,800 | – | new | |
| 28 | UNFI UNITED NAT FOODS INC | Consumer Defensive | 1.4% | $3.2m | 137,405 | -27% | reduced |
| 29 | LYONDELLBASELL INDUSTRIES N | 0.9% | $2.2m | 38,000 | 0% | held | |
| 30 | SEMLER SCIENTIFIC INC | 0.9% | $2.1m | 53,000 | 0% | held | |
| 31 | TPC TUTOR PERINI CORP | Industrials | 0.3% | $603.9k | 12,910 | -86% | reduced |
| 32 | TTEN TOTALENERGIES SE | 0.2% | $469.6k | 7,650 | 0% | held | |
| 33 | FTI TECHNIPFMC PLC | Energy | 0.1% | $279.5k | 8,115 | -1% | reduced |
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.