WhaleCreep

Miller Value Partners (Bill Miller) 13F holdings, Q1 2026

Long-only investorSEC filingsCompare with another fundHoldings as of 2026-03-31, filed 2026-05-15

Miller Value Partners (Bill Miller) disclosed 55 US equity positions worth $383.2m in its Q1 2026 13F filing. Its largest position is NBR at 10.0% of the reported book, followed by CRGY and GTN. Versus Q4 2025 it opened 22 new positions, added to 13, reduced 15 and exited 1.

$383m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
55
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.0%
Largest position
The largest single position as a share of the reported equity book.
51.9%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
25
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
75
Quarters on file since Q4 2007
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q4 2025: 22 new, 13 added, 15 reduced, 1 exited

50 of 55
NBR NABORS INDUSTRIES LTDEnergy10.0%$38.2m444,430−26%reduced
CRGY CRESCENT ENERGY COMPANYEnergy7.1%$27.0m2.00m–new
GTN GRAY TELEVISION INCCommunication Services6.1%$23.3m5.37m+35%added
LNC LINCOLN NATL CORP INDFinancial Services5.3%$20.3m570,690+13%added
SPY SPDR S&P 500 ETF Trust–5.1%$19.5m30,044–new
QUAD QUAD / GRAPHICS INCIndustrials4.6%$17.5m2.65m−3.2%reduced
BFH BREAD FINANCIAL HOLDINGS INCFinancial Services3.8%$14.5m193,697−3.8%reduced
TDAY USA TODAY CO INCCommunication Services3.6%$13.9m1.97m−42%reduced
CNDT CONDUENT INCTechnology3.3%$12.8m10.02m+80%added
UPS UNITED PARCEL SERVICE INCIndustrials3.1%$11.7m119,108+38%added
BLMN BLOOMIN BRANDS INCConsumer Cyclical2.9%$11.0m2.04m–new
FOSL FOSSIL GROUP INCConsumer Cyclical2.7%$10.5m2.43m−24%reduced
CTO CTO RLTY GROWTH INC NEW–2.7%$10.3m556,053+28%added
ITRN ITURAN LOCATION AND CONTROLTechnology2.6%$10.0m203,900−5.2%reduced
VTRS VIATRIS INCHealthcare2.6%$9.9m731,676+18%added
CHRD CHORD ENERGY CORPORATIONEnergy2.6%$9.9m69,330+20%added
JXN JACKSON FINANCIAL INCFinancial Services2.2%$8.5m80,680−6.3%reduced
VZ VERIZON COMMUNICATIONS INCCommunication Services2.2%$8.4m168,000−15%reduced
DCH DAUCH CORPConsumer Cyclical2.2%$8.3m1.40m−20%reduced
JELD JELD-WEN HLDG INCIndustrials2.1%$8.2m6.62m+60%added
MSTR STRATEGY INCTechnology1.7%$6.5m52,058+106%added
ARLP ALLIANCE RES PARTNER L PEnergy1.3%$5.1m185,256+40%added
MRP MILLROSE PPTYS INCReal Estate1.3%$5.1m180,800+118%added
CALM CAL MAINE FOODS INCConsumer Defensive1.3%$4.9m62,0000.0%held
ABR ARBOR REALTY TRUST INCReal Estate1.2%$4.7m604,000–new
OMF ONEMAIN HLDGS INCFinancial Services1.2%$4.4m82,9410.0%held
UGI UGI CORP NEWUtilities1.2%$4.4m121,000−54%reduced
BMY BRISTOL-MYERS SQUIBB COHealthcare1.1%$4.2m69,500−36%reduced
WAL WESTERN ALLIANCE BANCORPFinancial Services1.0%$3.9m55,252−14%reduced
BBW BUILD-A-BEAR WORKSHOP INCConsumer Cyclical1.0%$3.9m103,734+33%added
MELI MERCADOLIBREConsumer Cyclical1.0%$3.8m2,215–new
CROX CROCS INCConsumer Cyclical0.8%$3.2m38,548–new
FIGR FIGURE TECHNOLOGY SOLUTIOFinancial Services0.8%$3.1m91,009–new
LYONDELLBASELL INDUSTRIES NV no ticker–0.8%$3.1m38,0000.0%held
ZD ZIFF DAVIS INCCommunication Services0.7%$2.9m68,058–new
BCC BOISE CASCADE CO DELBasic Materials0.7%$2.8m37,0000.0%held
REZI RESIDEO TECHNOLOGIES INCIndustrials0.6%$2.4m69,762–new
CTRN CITI TRENDS INCConsumer Cyclical0.6%$2.3m53,763–new
UPBD UPBOUND GROUP INCTechnology0.6%$2.2m120,000+71%added
ABNB AIRBNB INCConsumer Cyclical0.5%$2.0m16,134–new
CG CARLYLE GROUP INCFinancial Services0.5%$1.9m40,0000.0%held
CART MAPLEBEAR INCConsumer Cyclical0.4%$1.7m45,557–new
BLDR BUILDERS FIRSTSOURCE INCIndustrials0.4%$1.6m18,893–new
PRDO PERDOCEO ED CORPConsumer Defensive0.4%$1.5m40,395–new
FOUR SHIFT4 PMTS INCTechnology0.3%$1.3m30,035–new
CPNG COUPANG INCConsumer Cyclical0.3%$1.2m62,528–new
PINS PINTEREST INCCommunication Services0.3%$1.1m59,990–new
MBC MASTERBRAND INCConsumer Cyclical0.2%$871k104,854–new
VROOM INC no ticker–0.2%$778k58,488–new
PTLO PORTILLOS INCConsumer Cyclical0.2%$684k129,323–new

Exited since Q4 2025

1 row
STLA STELLANTIS N.V1.6%$4.7m

Sector mix

  • Energy21.0%
  • Financial Services14.8%
  • Consumer Cyclical13.2%
  • Communication Services12.9%
  • Industrials10.8%
  • Unclassified8.8%
  • Technology8.6%
  • Healthcare3.7%
  • Real Estate2.5%
  • Consumer Defensive1.7%
  • Utilities1.2%
  • Basic Materials0.7%

Book over time

Every quarter on file (75)
QuarterPositionsEquity book
Q2 202656$423m
Q1 202655$383m
Q4 202534$284m
Q3 202536$272m
Q2 202533$236m
Q1 202534$219m
Q4 202433$234m
Q3 202430$177m
Q2 202429$157m
Q1 202430$156m
Q4 202342$168m
Q3 202346$159m
Q2 202346$152m
Q1 202390$1.6bn
Q4 202279$1.5bn
Q3 202287$1.6bn
Q2 202283$1.8bn
Q1 202289$2.6bn
Q4 202194$2.8bn
Q3 202196$2.9bn
Q2 2021100$3.8bn
Q1 202194$3.5bn
Q4 202085$3.0bn
Q3 202084$2.5bn
Q2 202078$2.3bn
Q1 202073$1.6bn
Q4 201990$2.8bn
Q3 201996$2.5bn
Q2 201995$2.5bn
Q1 2019100$2.5bn
Q4 2018100$2.2bn
Q3 2018108$3.1bn
Q2 2018109$2.7bn
Q1 2018107$2.3bn
Q4 2017107$2.3bn
Q3 2017106$2.2bn
Q2 2017110$2.2bn
Q1 201766$1.9bn
Q4 201657$1.9bn
Q3 201661$1.8bn
Q2 201662$1.5bn
Q1 201667$2.0bn
Q4 201580$2.6bn
Q3 201580$2.3bn
Q2 201588$2.6bn
Q1 201591$2.6bn
Q4 201494$2.6bn
Q3 2014113$2.4bn
Q2 2014113$2.5bn
Q1 2014110$2.5bn
Q4 2013104$2.2bn
Q3 201397$1.6bn
Q2 201398$1.4bn
Q1 201341$1.1bn
Q4 201238$884m
Q3 201239$796m
Q2 201238$898m
Q1 201239$994m
Q4 201143$828m
Q3 201138$773m
Q3 201139$1.3bn
Q2 201140$1.6bn
Q1 201138$1.7bn
Q4 201039$1.7bn
Q3 201034$1.5bn
Q1 201035$1.9bn
Q1 201034$1.7bn
Q3 200933$1.6bn
Q2 200929$1.2bn
Q1 200929$726m
Q4 200829$947m
Q3 200832$2.1bn
Q2 200836$2.7bn
Q1 200842$3.8bn
Q4 200747$4.9bn

Where Miller Value Partners (Bill Miller) was early

67 rows
AGO ASSURED GUARANTY LTDQ3 20081 of 1004.7%7.0%23Exited by Q4 2014+36%
BYD BOYD GAMING CORPQ3 20082 of 1410.9%3.6%28Exited by Q1 2016+112%
GNW GENWORTH FINL INCQ3 20083 of 1301.8%5.4%48Exited by Q1 2021−56%
PRU PRUDENTIAL FINL INCQ4 20082 of 1203.1%3.1%6Exited by Q4 2010+79%
HIG HARTFORD FINL SVCS GROUP INCQ4 20083 of 1243.0%6.3%22Exited by Q4 2014+127%
SLM SLM CORPQ4 20083 of 1222.9%3.3%7Exited by Q1 2011+41%
MS MORGAN STANLEYQ4 20084 of 1782.0%3.8%11Exited by Q3 2014+102%
MGM MGM RESORTS INTERNATIONALQ4 20085 of 2122.6%2.6%10Exited by Q4 2011−32%
AFL AFLAC INCQ2 20091 of 1193.2%3.2%5Exited by Q1 2011+82%
BAC BK OF AMERICA CORPQ2 200914 of 2327.3%7.3%47Exited by Q4 2022+129%
ARCC ARES CAP CORPQ3 20092 of 980.6%4.7%20Exited by Q1 2015+42%
MTG MGIC INVT CORP WISQ1 20106 of 1292.2%4.6%33Exited by Q3 2018−2.3%
STX SEAGATE TECHNOLOGY PLCQ4 20102 of 2040.4%3.7%27Exited by Q3 2017+158%
TER TERADYNE INCQ4 20102 of 1920.3%2.3%15Exited by Q3 2014+40%
MU MICRON TECHNOLOGY INCQ4 20103 of 3202.1%3.1%11Exited by Q1 2020+571%
UAL UNITED AIRLS HLDGS INCQ1 20111 of 1895.6%6.9%42Exited by Q2 2023+92%
GM GENERAL MTRS COQ1 20112 of 1691.0%2.9%27Exited by Q2 2023+18%
BSX BOSTON SCIENTIFIC CORPQ1 20114 of 1931.5%1.9%5Exited by Q3 2012−21%
INTC INTEL CORPQ3 201110 of 2804.5%4.5%5Exited by Q4 2012+6.2%
NXPI NXP SEMICONDUCTORS N VQ4 20113 of 2281.3%4.7%29Exited by Q4 2020+712%
HCA HCA HOLDINGS INCQ4 20115 of 2040.8%1.3%4Exited by Q4 2012+51%
AAPL APPLE INCQ1 201225 of 2755.6%5.8%25Exited by Q2 2018+96%
GRPN GROUPON INCQ2 20123 of 1283.4%4.1%16Exited by Q2 2016−62%
F FORD MTR CO DELQ4 20125 of 1812.3%2.3%8Exited by Q4 2014+14%
BBY BEST BUY INCQ4 20128 of 1331.4%2.7%11Exited by Q3 2015+175%
QUAD QUAD / GRAPHICS INCQ2 20131 of 580.04%7.5%39Held at last filing, Q2 2026−65%
OLED UNIVERSAL DISPLAY CORPQ2 20132 of 1421.5%1.6%6Exited by Q4 2014+16%
TMHC* TAYLOR MORRISON HOME CORPQ2 20132 of 1370.5%4.2%29Exited by Q2 2023+135%
ETRA E TRADE FINANCIAL CORPQ2 20133 of 941.7%2.0%11Exited by Q1 2016+134%
C CITIGROUP INCQ2 20134 of 2152.8%3.2%40Exited by Q2 2023−2.3%
PBI PITNEY BOWES INCQ2 20138 of 1060.06%1.5%32Exited by Q1 2025−51%
MSFT MICROSOFT CORPQ2 201310 of 3741.1%1.5%6Exited by Q4 2014+34%
AMZN AMAZON COM INCQ2 201312 of 3782.1%7.0%40Exited by Q2 2023+644%
AAL AMERICAN AIRLS GROUP INCQ4 201312 of 2382.9%5.0%25Exited by Q1 2020+14%
GME GAMESTOP CORP NEWQ1 20145 of 1242.0%2.8%28Exited by Q1 2021−54%
QCOM QUALCOMM INCQ1 201422 of 2463.4%3.4%14Exited by Q1 2020+12%
GILD GILEAD SCIENCES INCQ2 201416 of 1812.2%3.1%14Exited by Q4 2017−2.3%
BABA ALIBABA GROUP HLDG LTDQ3 201436 of 3770.09%5.2%32Exited by Q2 2023+15%
TCRT ZIOPHARM ONCOLOGY INCQ1 20151 of 631.2%2.2%26Exited by Q3 2021−75%
T86 TRI POINTE GROUP INCQ2 20156 of 1220.7%1.5%7Exited by Q1 2017−25%
OMF ONEMAIN HLDGS INCQ4 20152 of 1361.3%5.2%43Held at last filing, Q2 2026+47%
GEO GEO GROUP INC NEWQ3 20168 of 1280.1%2.5%19Exited by Q2 2024−11%
RH RHQ1 20171 of 2046.3%6.9%15Exited by Q4 2020+727%
W WAYFAIR INCQ1 201711 of 2412.8%4.0%6Exited by Q3 2018+193%
UPBD UPBOUND GROUP INCQ2 201710 of 1110.04%1.3%8Held at last filing, Q2 2026+81%
WOO FOOT LOCKER INCQ2 201712 of 1600.1%2.9%10Exited by Q2 2023−28%
CLF CLEVELAND-CLIFFS INC NEWQ3 201713 of 1730.01%2.7%22Exited by Q2 2024+218%
SFIX STITCH FIX INCQ4 20173 of 1221.6%4.2%21Exited by Q2 2023−80%
BHF BRIGHTHOUSE FINL INCQ2 20185 of 1411.3%3.7%15Exited by Q1 2022+29%
BHC BAUSCH HEALTH COS INCQ3 20184 of 1544.1%4.7%17Exited by Q4 2022−73%

Concentration and tenure

5.9%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
44.2%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
5
Median completed holding, quarters