Top Institutional Investors

Miller Investment Management, LP — 13F Holdings & Portfolio

CIK 1407382 · latest 13F-HR filed 2026-08-13

Backtest portfolio

Miller Investment Management, LP manages $1.09B in 13F-reported U.S. long-equity assets across 83 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPY (20.31%), BILS (11.12%), VGSH (8.18%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions and exited 6; 49 existing positions rose in reported value and 14 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
$1.09B

Long-equity book

Holdings
83

Distinct positions

Period
2026-06-30

Filed 2026-08-13

Q/Q Activity
+3 / −6 / ↑49 / ↓14

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
SPY20.3% · +2%BILS11.1% · -3%VGSH8.2% · -8%BRK.B7.3% · +3%VGIT7.0% · -2%EFA6.2% · -0%SMH5.7% · +1%META3.1% · +4%GOOGL2.9% · +2%VV2.8% · +4%EWJ2.8% · +2%XLV2.8% · -5%IWR1.9% · +2%XLC1.7% · +2%VEA1.6% · +19%VBIL1.5% · +8%MSFT1.3% · +5%AMZN1.2% · +2%URI1.2% · -4%PPH1.0% · -25%BBH0.7% · -2%CAH0.5% · 0%IBB0.4% · -29%VTI0.4% · 0%VIG0.4% · 0%JPM0.3% · 0%JNJ0.3% · 0%PNC0.3% · 0%DIA0.3% · 0%AAPL0.2% · -0%DE0.2% · 0%EMR0.2% · -13%CNC0.2% · -3%ORCL0.2% · +16%RTX0.2% · 0%AMGN0.2% · 0%IWM0.2% · 0%WFC0.2% · 0%GSPY0.2% · 0%DGX0.1% · 0%QQQ0.1% · 0%LLY0.1% · 0%TJX0.1% · 0%MDT0.1% · 0%DIS0.1% · +49%HD0.1% · 0%APH0.1% · +68%PSX0.1% · 0%UPS0.1% · 0%KMB0.1% · 0%CVX0.1% · 0%SWK0.1% · 0%ONIT0.1% · 0%NVDA0.1% · +55%MMM0.1% · 0%VOO0.1% · 0%COR0.1% · 0%CCK0.1% · 0%CMCSA0.1% · 0%VEU0.1% · 0%

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

3 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 = 74.6%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Feb 25, 2016.

Assets Under Management
$7.58B
Discretionary
$7.48B
Employees
25
Accounts
2
Address
5750 OLD ORCHARD ROAD
SUITE 400
SKOKIE, IL 60077
Phone
(847) 966-9600
Website
Name Title / Status Ownership Type
GOLDBERG, MICHAEL, A. ControlCHIEF FINANCIAL OFFICER
since Dec 2005
Less than 5%Individual
GOLDBERG, MICHAEL, A. ControlCHIEF COMPLIANCE OFFICER
since Mar 2007
Less than 5%Individual
MILLER, ANDREW, R. ControlPRESIDENT, DIRECTOR
since Aug 1996
75% or moreIndividual
MILLER, ANDREW, R. ControlCHIEF EXECUTIVE OFFICER
since Dec 2005
75% or moreIndividual
NEUTZLING, JOHN ControlCHIEF OPERATING OFFICER
since Jan 2007
Less than 5%Individual

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 49 →

Top Trims

Show all 14 →

New Positions

Show all 3 →

Exited Positions

Show all 6 →

Miller Investment Management, LP 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 SPDR S&P 500 ETF TR SPY 78462F103 $222.3M 20.31% 297,731 SH
2 SPDR SER TR BILS 78468R523 $121.7M 11.12% 1,225,012 SH
3 VANGUARD SCOTTSDALE FDS VGSH 92206C102 $89.5M 8.18% 1,537,843 SH
4 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $79.4M 7.26% 158,746 SH
5 VANGUARD SCOTTSDALE FDS VGIT 92206C706 $76.7M 7.01% 1,300,506 SH
6 ISHARES TR EFA 464287465 $67.5M 6.16% 649,538 SH
7 VANECK VECTORS ETF TR SMH 92189F676 $62.7M 5.72% 95,530 SH
8 META PLATFORMS INC META 30303M102 $33.8M 3.09% 59,978 SH
9 ALPHABET INC GOOGL 02079K305 $32.0M 2.92% 89,592 SH
10 VANGUARD INDEX FDS VV 922908637 $31.1M 2.84% 90,501 SH
11 ISHARES INC EWJ 46434G822 $30.6M 2.80% 328,285 SH
12 SELECT SECTOR SPDR TR XLV 81369Y209 $30.5M 2.79% 192,381 SH
13 ISHARES TR IWR 464287499 $21.1M 1.93% 191,472 SH
14 SELECT SECTOR SPDR TR XLC 81369Y852 $18.4M 1.68% 171,942 SH
15 VANGUARD TAX-MANAGED INTL FD VEA 921943858 $17.4M 1.59% 243,657 SH
16 VANGUARD INSTL INDEX FD VBIL 922040845 $16.1M 1.47% 212,630 SH
17 MICROSOFT CORPORATION MSFT 594918104 $14.1M 1.29% 37,833 SH
18 AMAZON COM INC AMZN 023135106 $12.8M 1.17% 53,686 SH
19 UNITED RENTALS INC URI 911363109 $12.8M 1.17% 11,266 SH
20 VANECK ETF TRUST PPH 92189F692 $11.0M 1.00% 100,256 SH
21 VANECK ETF TRUST BBH 92189F726 $7.8M 0.71% 38,226 SH
22 CARDINAL HEALTH INC CAH 14149Y108 $5.6M 0.51% 23,553 SH
23 ISHARES TR IBB 464287556 $4.8M 0.44% 25,040 SH
24 VANGUARD INDEX FDS VTI 922908769 $3.9M 0.35% 10,429 SH
25 VANGUARD SPECIALIZED FUNDS VIG 921908844 $3.9M 0.35% 16,293 SH
26 JPMORGAN CHASE & CO JPM 46625H100 $3.7M 0.34% 11,410 SH
27 JOHNSON AND JOHNSON JNJ 478160104 $3.3M 0.30% 12,849 SH
28 PNC FINL SVCS GROUP INC PNC 693475105 $3.1M 0.28% 12,580 SH
29 SPDR DOW JONES INDL AVERAGE DIA 78467X109 $3.0M 0.27% 5,717 SH
30 APPLE INC AAPL 037833100 $2.7M 0.24% 9,215 SH
31 DEERE & COMPANY DE 244199105 $2.7M 0.24% 4,185 SH
32 EMERSON ELEC CO EMR 291011104 $2.4M 0.22% 16,570 SH
33 CENTENE CORP DEL CNC 15135B101 $2.2M 0.20% 33,795 SH
34 ORACLE CORP ORCL 68389X105 $2.1M 0.20% 14,571 SH
35 RAYTHEON TECHNOLOGIES CORP RTX 75513E101 $2.0M 0.18% 10,350 SH
36 AMGEN INC AMGN 031162100 $1.8M 0.17% 5,098 SH
37 ISHARES TR IWM 464287655 $1.8M 0.17% 6,138 SH
38 WELLS FARGO & CO NEW WFC 949746101 $1.7M 0.15% 20,342 SH
39 TIDAL ETF TR GSPY 886364835 $1.6M 0.15% 40,578 SH
40 QUEST DIAGNOSTICS INC DGX 74834L100 $1.6M 0.15% 7,586 SH
41 INVESCO QQQ TR QQQ 46090E103 $1.5M 0.14% 2,084 SH
42 LILLY ELI & CO LLY 532457108 $1.5M 0.14% 1,250 SH
43 TJX COS INC NEW TJX 872540109 $1.4M 0.13% 9,214 SH
44 MEDTRONIC PLC MDT G5960L103 $1.2M 0.11% 15,885 SH
45 WALT DISNEY COMPANY DIS 254687106 $1.2M 0.11% 12,327 SH
46 HOME DEPOT INC HD 437076102 $1.2M 0.11% 3,275 SH
47 AMPHENOL CORP NEW APH 032095101 $1.1M 0.10% 6,472 SH
48 PHILLIPS 66 PSX 718546104 $1.1M 0.10% 6,500 SH
49 UNITED PARCEL SERVICE INC UPS 911312106 $1.1M 0.10% 9,947 SH
50 KIMBERLY-CLARK CORP KMB 494368103 $1.0M 0.09% 9,321 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-13 $1.09B 83 0001407382-26-000007
2026-03-31 2026-05-08 $1.01B 86 0001407382-26-000005
2025-12-31 2026-02-11 $1.02B 89 0001407382-26-000002
Filer Information
Address
ONE TOWER BRIDGE
SUITE 1500
WEST CONSHOHOCKEN, PA 19428
Phone
(610) 834-9820
Filing Manager
Miller Investment Management, LP
WEST CONSHOHOCKEN, PA
Signatory
Christine Dostillio
Chief Compliance Officer