Bill Miller’s IBM IBM Stock Holding History

Bill Miller’s Portfolio IBM Stock Details IBM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-56,390	Closed	-$10.2M	–	107
2014 Q3	$10.2M	Buy	56,390 +1,491	+3%	+$272K	0.41%	51
2014 Q2	$9.51M	Buy	54,899 +30,109	+121%	+$5.42M	0.36%	57
2014 Q1	$4.56M	Buy	+24,790	New	+$4.36M	0.18%	61

Other funds holding IBM

Berkshire Hathaway Omaha, Nebraska $299B AUM 27.55% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.26% 1-Year Est. Return

State Farm Mutual Automobile Insurance Bloomington, Illinois $146B AUM 55.73% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Bank of New York Mellon New York $609B AUM 40.19% 1-Year Est. Return

Northern Trust Chicago, Illinois $860B AUM 41.15% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.14% 1-Year Est. Return

Norges Bank Oslo, Norway $1T AUM

Bill Miller's IBM Position: Q4 2014 in Review

Bill Miller sold out of IBM (IBM) in Q4 2014, closing a stake of 56,390 shares — an estimated $10.2M sold.

Bill Miller first reported a position in IBM in Q1 2014 and held it in 3 quarters. The position peaked at $10.2M in Q3 2014. 1,751 funds tracked by Wall St. Rank hold IBM as of Q4 2014.

Bill Miller reported no remaining IBM position as of Q4 2014 after selling out during the quarter.
Bill Miller sold 56,390 IBM shares in Q4 2014, an estimated $10.2M.
Bill Miller first reported a position in IBM in Q1 2014 and held it in 3 quarters.
Bill Miller's IBM position peaked at $10.2M in Q3 2014.
1,751 funds tracked by Wall St. Rank held IBM as of Q4 2014.

Based on Miller Value Partners's 13F filing for Q4 2014, filed 17 Feb 2015.