Bill Miller
Q2 2026 versus Q1 2026: 4 bought, 20 added to, 22 reduced, 3 sold. By dollars, the largest buy was Direxion Shares Etf Trust, $24.6M more at the quarter-end price; the largest sale State Str Spdr S&P 500 Etf T, $19.5M less. Net, $23.6M more bought than sold. What every tracked investor did in Q2 2026.
Every move, largest first
| Ticker | Issuer | Move | Shares Q1 2026 → Q2 2026 | Bought / sold | Of the portfolio | Weight now | Price vs model |
|---|---|---|---|---|---|---|---|
| SPUU | Direxion Shares ETF Trust | bought | — → 114,078 | +$24.6M | +5.81% | 5.8% | — |
| SPY | State Str Spdr S&p 500 ETF T | sold | 30,044 → 0 | −$19.5M | −4.62% | — | — |
| COTY | Coty INC | bought | — → 3.9M | +$8.5M | +2.00% | 2.0% | — |
| GTN | Gray Media INC | added +35% | 5.4M → 7.2M | +$7.4M | +1.76% | 6.8% | — |
| BFH | Bread Financial Holdings INC | reduced −31% | 193,697 → 132,798 | −$6.6M | −1.56% | 3.4% | — |
| BLMN | Bloomin Brands INC | added +27% | 2.0M → 2.6M | +$5.0M | +1.19% | 5.6% | — |
| TDAY | Usa Today CO INC | reduced −29% | 2.0M → 1.4M | −$4.9M | −1.15% | 2.8% | — |
| DCH | Dauch Corp | added +63% | 1.4M → 2.3M | +$4.8M | +1.14% | 2.9% | — |
| CNDT | Conduent INC | added +30% | 10.0M → 13.0M | +$4.3M | +1.02% | 4.5% | — |
| ITRN | Ituran Location And Control | reduced −34% | 203,900 → 133,700 | −$4.3M | −1.01% | 1.9% | — |
| META | Meta Platforms INC | bought | — → 6,412 | +$3.6M | +0.85% | 0.9% | 10% overvalued |
| UPBD | Upbound Group INC | added +115% | 120,000 → 258,000 | +$2.9M | +0.69% | 1.3% | — |
| AMP | Ameriprise Finl INC | bought | — → 4,428 | +$2.0M | +0.48% | 0.5% | 24% undervalued |
| MRP | Millrose Pptys INC | added +27% | 180,800 → 229,300 | +$1.5M | +0.34% | 1.6% | — |
| CROX | Crocs INC | reduced −25% | 38,548 → 28,856 | −$1.2M | −0.28% | 0.8% | — |
| FOSL | Fossil Group INC | reduced −12% | 2.4M → 2.1M | −$1.2M | −0.28% | 2.1% | — |
| LNC | Lincoln Natl Corp Ind | added +6% | 570,690 → 603,160 | +$1.1M | +0.27% | 5.0% | — |
| WAL | Western Alliance Bancorp | reduced −24% | 55,252 → 41,755 | −$1.1M | −0.26% | 0.8% | — |
| ABNB | Airbnb INC | reduced −45% | 16,134 → 8,921 | −$1.0M | −0.24% | 0.3% | 93% overvalued |
| QUAD | Quad / Graphics INC | reduced −4% | 2.7M → 2.5M | −$950,398.2 | −0.22% | 5.1% | — |
| ZD | Ziff Davis INC | reduced −26% | 68,058 → 50,602 | −$914,170.8 | −0.22% | 0.6% | — |
| BBW | Build-a-bear Workshop INC | added +29% | 103,734 → 133,567 | +$913,188.2 | +0.22% | 1.0% | — |
| CRGY | Crescent Energy Company | added +4% | 2.0M → 2.1M | +$879,351.5 | +0.21% | 4.9% | — |
| MBC | Masterbrand INC | sold | 104,854 → 0 | −$871,337 | −0.21% | — | — |
| MELI | Mercadolibre INC | reduced −23% | 2,215 → 1,712 | −$853,787.3 | −0.20% | 0.7% | 861% overvalued |
| JELD | Jeld-wen Hldg INC | added +8% | 6.6M → 7.1M | +$778,815 | +0.18% | 2.5% | — |
| PTLO | Portillos INC | sold | 129,323 → 0 | −$684,119 | −0.16% | — | — |
| CTO | Cto Rlty Growth INC New | reduced −3% | 556,053 → 539,900 | −$347,451 | −0.08% | 2.7% | — |
| UPS | United Parcel Svcs INC | reduced −3% | 119,108 → 116,003 | −$333,787.5 | −0.08% | 2.9% | 38% undervalued |
| MSTR | Strategy INC | reduced −4% | 52,058 → 50,203 | −$161,255.2 | −0.04% | 1.0% | no usable model value |
| NBR | Nabors Industries LTD | added +0% | 444,430 → 445,460 | +$86,530.3 | +0.02% | 8.8% | — |
| JXN | Jackson Financial INC | reduced −1% | 80,680 → 80,142 | −$55,085.8 | −0.01% | 1.9% | — |
| PINS | Pinterest INC | reduced −4% | 59,990 → 57,860 | −$44,793.9 | −0.01% | 0.3% | — |
| ARLP | Alliance Resource Partners L | added +1% | 185,256 → 186,981 | +$41,365.5 | +0.01% | 1.1% | — |
| FIGR | Figure Technology Solutio | reduced −1% | 91,009 → 89,668 | −$41,182.1 | −0.01% | 0.7% | — |
| ABR | Arbor Realty Trust INC | added +1% | 604,000 → 611,000 | +$37,940 | +0.01% | 0.8% | — |
| CPNG | Coupang INC | added +3% | 62,528 → 64,124 | +$27,722.5 | +0.01% | 0.3% | — |
| TPC | Tutor Perini Corp | reduced −12% | 2,795 → 2,470 | −$26,965.3 | −0.01% | 0.0% | — |
| CHRD | Chord Energy Corporation | reduced −0% | 69,330 → 69,096 | −$26,746.2 | −0.01% | 1.9% | — |
| REZI | Resideo Technologies INC | reduced −1% | 69,762 → 68,931 | −$25,844.1 | −0.01% | 0.5% | — |
| CTRN | Citi Trends INC | added +1% | 53,763 → 54,200 | +$25,276.1 | +0.01% | 0.7% | — |
| UNFI | United Nat Foods INC | reduced −10% | 5,250 → 4,705 | −$24,890.1 | −0.01% | 0.1% | — |
| SN | Sharkninja INC | added +3% | 5,775 → 5,932 | +$23,906.4 | +0.01% | 0.2% | — |
| VTRS | Viatris INC | added +0% | 731,676 → 733,164 | +$23,629.4 | +0.01% | 2.8% | 81% overvalued |
| BLDR | Builders Firstsource INC | added +1% | 18,893 → 19,115 | +$19,864.6 | +0.00% | 0.4% | 75% undervalued |
| LAD | Lithia Mtrs INC | added +2% | 2,654 → 2,712 | +$16,848.4 | +0.00% | 0.2% | — |
| CART | Maplebear INC | added +0% | 45,557 → 45,645 | +$4,166.8 | +0.00% | 0.5% | — |
| PRDO | Perdoceo Ed Corp | reduced −0% | 40,395 → 40,288 | −$3,424 | −0.00% | 0.3% | — |
| FOUR | Shift4 Pmts INC | reduced −0% | 30,035 → 29,965 | −$3,404.8 | −0.00% | 0.3% | — |
Bought / sold is the change in shares × the quarter's reported price (value ÷ shares in the filing); a position sold out is priced at the quarter before, since it has no price in this one. “Of the portfolio” is that amount against this quarter's reported book.
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.