Bill Miller
Portfolio value$423.1M
Positions56
QuarterQ2 2026ended 2026-06-30
Filed08/142026
Miller Value Partners, LLC's Q2 2026 13F, filed Aug 14, 2026, reports 56 positions worth $423.1M. The ten largest are 52.8% of the book, led by Nabors Industries Ltd at 8.8%, Gray Media Inc at 6.8% and Direxion Shares Etf Trust at 5.8%. Against Q1 2026: 4 bought, 20 added to, 22 reduced, 3 sold; the largest moves were bought Direxion Shares Etf Trust and sold State Str Spdr S&P 500 Etf T.
Where the money is
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Holdings
| Ticker | Issuer | Weight | Value | Q-end → now | Price vs model | Change |
|---|---|---|---|---|---|---|
| NBR | Nabors Industries LTD | 8.8% | $37.4M445,460 sh | 84.01 | — | added +0% |
| GTN | Gray Media INC | 6.8% | $28.8M7.2M sh | 3.97 | — | added +35% |
| SPUU | Direxion Shares ETF Trust | 5.8% | $24.6M114,078 sh | 215.61 | — | bought |
| BLMN | Bloomin Brands INC | 5.6% | $23.6M2.6M sh | 9.14 | — | added +27% |
| QUAD | Quad / Graphics INC | 5.1% | $21.4M2.5M sh | 8.43 | — | reduced −4% |
| LNC | Lincoln Natl Corp Ind | 5.0% | $21.3M603,160 sh | 35.35 | — | added +6% |
| CRGY | Crescent Energy Company | 4.9% | $20.6M2.1M sh | 9.82 | — | added +4% |
| CNDT | Conduent INC | 4.5% | $19.0M13.0M sh | 1.46 | — | added +30% |
| BFH | Bread Financial Holdings INC | 3.4% | $14.4M132,798 sh | 108.35 | — | reduced −31% |
| UPS | United Parcel Svcs INC | 2.9% | $12.5M116,003 sh | 107.50 → −9% | 38% undervalued | reduced −3% |
| DCH | Dauch Corp | 2.9% | $12.4M2.3M sh | 5.42 | — | added +63% |
| TDAY | Usa Today CO INC | 2.8% | $12.0M1.4M sh | 8.55 | — | reduced −29% |
| VTRS | Viatris INC | 2.8% | $11.6M733,164 sh | 15.88 → +18% | 81% overvalued | added +0% |
| CTO | Cto Rlty Growth INC New | 2.7% | $11.6M539,900 sh | 21.51 | — | reduced −3% |
| JELD | Jeld-wen Hldg INC | 2.5% | $10.7M7.1M sh | 1.50 | — | added +8% |
| FOSL | Fossil Group INC | 2.1% | $8.9M2.1M sh | 4.14 | — | reduced −12% |
| COTY | Coty INC | 2.0% | $8.5M3.9M sh | 2.16 | — | bought |
| JXN | Jackson Financial INC | 1.9% | $8.2M80,142 sh | 102.39 | — | reduced −1% |
| ITRN | Ituran Location And Control | 1.9% | $8.2M133,700 sh | 61.01 | — | reduced −34% |
| CHRD | Chord Energy Corporation | 1.9% | $7.9M69,096 sh | 114.30 | — | reduced −0% |
| VZ | Verizon Communications INC | 1.7% | $7.1M168,000 sh | 42.34 → +6% | 67% undervalued | held |
| MRP | Millrose Pptys INC | 1.6% | $6.9M229,300 sh | 30.05 | — | added +27% |
| UPBD | Upbound Group INC | 1.3% | $5.5M258,000 sh | 21.22 | — | added +115% |
| OMF | Onemain Hldgs INC | 1.2% | $5.1M82,941 sh | 60.97 | — | held |
| CALM | Cal Maine Foods INC | 1.2% | $5.0M62,000 sh | 80.56 | — | held |
| ARLP | Alliance Resource Partners L | 1.1% | $4.5M186,981 sh | 23.98 | — | added +1% |
| MSTR | Strategy INC | 1.0% | $4.4M50,203 sh | 86.93 → +57% | no usable model value | reduced −4% |
| UGI | Ugi Corp New | 1.0% | $4.2M121,000 sh | 34.54 | — | held |
| BBW | Build-a-bear Workshop INC | 1.0% | $4.1M133,567 sh | 30.61 | — | added +29% |
| BMY | Bristol-myers Squibb CO | 0.9% | $4.0M69,500 sh | 57.62 → +4% | 43% undervalued | held |
| META | Meta Platforms INC | 0.9% | $3.6M6,412 sh | 563.29 → +26% | 10% overvalued | bought |
| CROX | Crocs INC | 0.8% | $3.5M28,856 sh | 120.64 | — | reduced −25% |
| WAL | Western Alliance Bancorp | 0.8% | $3.4M41,755 sh | 82.20 | — | reduced −24% |
| ABR | Arbor Realty Trust INC | 0.8% | $3.3M611,000 sh | 5.42 | — | added +1% |
| CTRN | Citi Trends INC | 0.7% | $3.1M54,200 sh | 57.84 | — | added +1% |
| MELI | Mercadolibre INC | 0.7% | $2.9M1,712 sh | 1,697.39 → +8% | 861% overvalued | reduced −23% |
| BCC | Boise Cascade CO Del | 0.7% | $2.9M37,000 sh | 77.63 | — | held |
| FIGR | Figure Technology Solutio | 0.7% | $2.8M89,668 sh | 30.71 | — | reduced −1% |
| ZD | Ziff Davis INC | 0.6% | $2.7M50,602 sh | 52.37 | — | reduced −26% |
| CART | Maplebear INC | 0.5% | $2.2M45,645 sh | 47.35 | — | added +0% |
| REZI | Resideo Technologies INC | 0.5% | $2.1M68,931 sh | 31.10 | — | reduced −1% |
| AMP | Ameriprise Finl INC | 0.5% | $2.0M4,428 sh | 458.76 → +9% | 24% undervalued | bought |
| LYB | Lyondellbasell Industries NV | 0.5% | $2.0M38,000 sh | 52.65 → +22% | 77% overvalued | held |
| BLDR | Builders Firstsource INC | 0.4% | $1.7M19,115 sh | 89.48 → −39% | 75% undervalued | added +1% |
| CG | Carlyle Group INC | 0.4% | $1.7M40,000 sh | 42.11 | — | held |
| FOUR | Shift4 Pmts INC | 0.3% | $1.5M29,965 sh | 48.64 | — | reduced −0% |
| PRDO | Perdoceo Ed Corp | 0.3% | $1.3M40,288 sh | 32.00 | — | reduced −0% |
| ABNB | Airbnb INC | 0.3% | $1.3M8,921 sh | 143.10 → +21% | 93% overvalued | reduced −45% |
| PINS | Pinterest INC | 0.3% | $1.2M57,860 sh | 21.03 | — | reduced −4% |
| CPNG | Coupang INC | 0.3% | $1.1M64,124 sh | 17.37 | — | added +3% |
| SN | Sharkninja INC | 0.2% | $903,2665,932 sh | 152.27 | — | added +3% |
| LAD | Lithia Mtrs INC | 0.2% | $787,8092,712 sh | 290.49 | — | added +2% |
| VRM | Vroom INC | 0.1% | $450,35858,488 sh | 7.70 | — | held |
| UNFI | United Nat Foods INC | 0.1% | $214,8774,705 sh | 45.67 | — | reduced −10% |
| FTI | Technipfmc PLC | 0.0% | $210,1713,170 sh | 66.30 | — | held |
| TPC | Tutor Perini Corp | 0.0% | $204,9362,470 sh | 82.97 | — | reduced −12% |
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.