Top Institutional Investors

Miller Value Partners, LLC — 13F Holdings & Portfolio

CIK 1135778 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Miller Value Partners, LLC manages $423.1M in 13F-reported U.S. long-equity assets across 56 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NBR (8.85%), GTN (6.80%), SPUU (5.81%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 4 new positions and exited 3; 22 existing positions rose in reported value and 23 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$423.1M

Long-equity book

Holdings
56

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+4 / −3 / ↑22 / ↓23

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
NBR8.8% · +0%GTN6.8% · +35%SPUU5.8% · newBLMN5.6% · +27%QUAD5.1% · -4%LNC5.0% · +6%CRGY4.9% · +4%CNDT4.5% · +30%BFH3.4% · -31%UPS2.9% · -3%DCH2.9% · +64%TDAY2.8% · -29%VTRS2.8% · +0%CTO2.7% · -3%JELD2.5% · +8%FOSL2.1% · -12%COTY2.0% · newJXN1.9% · -1%ITRN1.9% · -34%CHRD1.9% · -0%VZ1.7% · 0%MRP1.6% · +27%UPBD1.3% · +115%OMF1.2% · 0%CALM1.2% · 0%ARLP1.1% · +1%MSTR1.0% · -4%UGI1.0% · 0%BBW1.0% · +29%BMY0.9% · 0%META0.9% · newCROX0.8% · -25%WAL0.8% · -24%ABR0.8% · +1%CTRN0.7% · +1%MELI0.7% · -23%BCC0.7% · 0%FIGR0.7% · -2%ZD0.6% · -26%CART0.5% · +0%REZI0.5% · -1%AMP0.5% · newLYB0.5% · 0%BLDR0.4% · +1%CG0.4% · 0%FOUR0.3% · -0%PRDO0.3% · -0%ABNB0.3% · -45%PINS0.3% · -4%CPNG0.3% · +3%SN0.2% · +3%LAD0.2% · +2%VRM0.1% · 0%UNFI0.1% · -10%FTI0.1% · 0%TPC0.0% · -12%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 52.8%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People
Assets Under Management
$418.2M
Discretionary
$403.3M
Employees
5
Accounts
21
Address
50 S. LEMON AVE.
#302
SARASOTA, FL 34236
Phone
(410) 454-3130
Website
Mailing Address
TOWSON CITY CENTER, 1 OLYMPIC PLACE SUITE 900, TOWSON, MD, 21204
Name Title / Status Ownership Type
Anderson, Christopher, Bennett ControlCHIEF COMPLIANCE OFFICERLess than 5%Individual
Farrell, Justin, Thomas ControlCHIEF OPERATING OFFICERLess than 5%Individual
MILLER, WILLIAM, HERBERT ControlCHAIRMAN, CIO & PORTFOLIO MANAGERLess than 5%Individual
MILLER, WILLIAM, HERBERT ControlTRUSTEEGeneral partnerIndividual
WILLIAM H. MILLER IV REVOCABLE TRUST UDT JULY 29, 2014 ControlMEMBER75% or moreDomestic Entity
MILLER, WILLIAM, HERBERTTRUSTEEGeneral partnerIndividual
WILLIAM H. MILLER III LIVING TRUST DATED APRIL 17, 2017MEMBER10–25%Domestic Entity

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 22 →

Top Trims

Show all 23 →

New Positions

Show all 4 →

Exited Positions

Show all 3 →

Miller Value Partners, LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 NABORS INDUSTRIES LTD NBR G6359F137 $37.4M 8.85% 445,460 SH
2 GRAY MEDIA INC GTN 389375106 $28.8M 6.80% 7,243,390 SH
3 DIREXION SHARES ETF TRUST SPUU 25459Y165 $24.6M 5.81% 114,078 SH
4 BLOOMIN BRANDS INC BLMN 094235108 $23.6M 5.59% 2,585,909 SH
5 QUAD / GRAPHICS INC QUAD 747301109 $21.4M 5.06% 2,538,299 SH
6 LINCOLN NATL CORP IND LNC 534187109 $21.3M 5.04% 603,160 SH
7 CRESCENT ENERGY COMPANY CRGY 44952J104 $20.6M 4.86% 2,092,679 SH
8 CONDUENT INC CNDT 206787103 $19.0M 4.48% 12,986,100 SH
9 BREAD FINANCIAL HOLDINGS INC BFH 018581108 $14.4M 3.40% 132,798 SH
10 UNITED PARCEL SVCS INC UPS 911312106 $12.5M 2.95% 116,003 SH
11 DAUCH CORP DCH 024061103 $12.4M 2.92% 2,282,090 SH
12 USA TODAY CO INC TDAY 36472T109 $12.0M 2.83% 1,401,080 SH
13 VIATRIS INC VTRS 92556V106 $11.6M 2.75% 733,164 SH
14 CTO RLTY GROWTH INC NEW CTO 22948Q101 $11.6M 2.74% 539,900 SH
15 JELD-WEN HLDG INC JELD 47580P103 $10.7M 2.53% 7,139,095 SH
16 FOSSIL GROUP INC FOSL 34988V106 $8.9M 2.10% 2,143,445 SH
17 COTY INC COTY 222070203 $8.5M 2.00% 3,917,705 SH
18 JACKSON FINANCIAL INC JXN 46817M107 $8.2M 1.94% 80,142 SH
19 ITURAN LOCATION AND CONTROL ITRN M6158M104 $8.2M 1.93% 133,700 SH
20 CHORD ENERGY CORPORATION CHRD 674215207 $7.9M 1.87% 69,096 SH
21 VERIZON COMMUNICATIONS INC VZ 92343V104 $7.1M 1.68% 168,000 SH
22 MILLROSE PPTYS INC MRP 601137102 $6.9M 1.63% 229,300 SH
23 UPBOUND GROUP INC UPBD 76009N100 $5.5M 1.29% 258,000 SH
24 ONEMAIN HLDGS INC OMF 68268W103 $5.1M 1.20% 82,941 SH
25 CAL MAINE FOODS INC CALM 128030202 $5.0M 1.18% 62,000 SH
26 ALLIANCE RESOURCE PARTNERS L ARLP 01877R108 $4.5M 1.06% 186,981 SH
27 STRATEGY INC MSTR 594972408 $4.4M 1.03% 50,203 SH
28 UGI CORP NEW UGI 902681105 $4.2M 0.99% 121,000 SH
29 BUILD-A-BEAR WORKSHOP INC BBW 120076104 $4.1M 0.97% 133,567 SH
30 BRISTOL-MYERS SQUIBB CO BMY 110122108 $4.0M 0.95% 69,500 SH
31 META PLATFORMS INC META 30303M102 $3.6M 0.85% 6,412 SH
32 CROCS INC CROX 227046109 $3.5M 0.82% 28,856 SH
33 WESTERN ALLIANCE BANCORP WAL 957638109 $3.4M 0.81% 41,755 SH
34 ARBOR REALTY TRUST INC ABR 038923108 $3.3M 0.78% 611,000 SH
35 CITI TRENDS INC CTRN 17306X102 $3.1M 0.74% 54,200 SH
36 MERCADOLIBRE INC MELI 58733R102 $2.9M 0.69% 1,712 SH
37 BOISE CASCADE CO DEL BCC 09739D100 $2.9M 0.68% 37,000 SH
38 FIGURE TECHNOLOGY SOLUTIO FIGR 349381103 $2.8M 0.65% 89,668 SH
39 ZIFF DAVIS INC ZD 48123V102 $2.7M 0.63% 50,602 SH
40 MAPLEBEAR INC CART 565394103 $2.2M 0.51% 45,645 SH
41 RESIDEO TECHNOLOGIES INC REZI 76118Y104 $2.1M 0.51% 68,931 SH
42 AMERIPRISE FINL INC AMP 03076C106 $2.0M 0.48% 4,428 SH
43 LYONDELLBASELL INDUSTRIES NV LYB N53745100 $2.0M 0.47% 38,000 SH
44 BUILDERS FIRSTSOURCE INC BLDR 12008R107 $1.7M 0.40% 19,115 SH
45 CARLYLE GROUP INC CG 14316J108 $1.7M 0.40% 40,000 SH
46 SHIFT4 PMTS INC FOUR 82452J109 $1.5M 0.34% 29,965 SH
47 PERDOCEO ED CORP PRDO 71363P106 $1.3M 0.30% 40,288 SH
48 AIRBNB INC ABNB 009066101 $1.3M 0.30% 8,921 SH
49 PINTEREST INC PINS 72352L106 $1.2M 0.29% 57,860 SH
50 COUPANG INC CPNG 22266T109 $1.1M 0.26% 64,124 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $423.1M 56 0001135778-26-000016
2026-03-31 2026-05-15 $383.2M 55 0001135778-26-000011
2025-12-31 2026-02-17 $283.8M 34 0001135778-26-000003
2025-09-30 2025-11-14 $272.2M 36 0001135778-25-000003
Filer Information
Address
50 S. LEMON AVE #302
SARASOTA, FL 34236
Phone
(410) 454-3159
Filing Manager
Miller Value Partners, LLC
SARASOTA, FL
Signatory
Christopher Anderson
Chief Compliance Officer