Bill Miller Miller Value Partners
Bill Miller is a legendary value-oriented investor best known for a long streak of beating the S&P 500 while managing Legg Mason Value Trust, and later for Miller Value Partners. His process has always been flexible, incorporating both traditional value and growth-at-a-reasonable-price ideas when fundamentals support them. Miller remains a closely followed voice for contrarian equity ideas.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ZU
ZULILY INC CLASS A COMMON STOCK
ZU
|
+$54.8M |
| 2 |
P
Pandora Media Inc
P
|
+$32.4M |
| 3 |
Alaunos Therapeutics
TCRT
|
+$29.6M |
| 4 |
EIGI
Endurance International Group Holdings, Inc.
EIGI
|
+$26.4M |
| 5 |
JD.com
JD
|
+$20.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LVLT
Level 3 Communications Inc
LVLT
|
+$28.1M |
| 2 |
Best Buy
BBY
|
+$27.4M |
| 3 |
Alibaba
BABA
|
+$21.6M |
| 4 |
ETFC
E*Trade Financial Corporation
ETFC
|
+$20.6M |
| 5 |
Gilead Sciences
GILD
|
+$15.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 25.07% |
| 2 | Financials | 15.96% |
| 3 | Industrials | 12.71% |
| 4 | Technology | 11.92% |
| 5 | Healthcare | 9.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Gilead Sciences
GILD
$181B
| $52.9M | 1.85% |
539,100
-149,575
| -22% | -$15.2M |
|
27
Boyd Gaming
BYD
$5.87B
| $52.6M | 1.84% |
3,706,675
-125,300
| -3% | -$1.72M |
|
28
Amazon
AMZN
$2.79T
| $47.8M | 1.67% |
2,566,500
-12,000
| -0.5% | -$211K |
|
29
KB Home
KBH
$3.39B
| $44.2M | 1.54% |
2,829,350
+114,300
| +4% | +$1.6M |
|
30
Booking.com
BKNG
$158B
| $41.9M | 1.46% |
899,500
-246,250
| -21% | -$11M |
|
31
eBay
EBAY
$46.3B
| $41.5M | 1.45% |
1,710,126
-286,367
| -14% | -$6.83M |
|
32
General Motors
GM
$77.2B
| $41.4M | 1.45% |
1,103,900
+4,000
| +0.4% | +$145K |
|
|
TMHC
33
DELISTED
Taylor Morrison
TMHC
| $39.5M | 1.38% |
1,896,260
| – | – |
|
34
Groupon
GRPN
$797M
| $38.7M | 1.35% |
268,555
| – | – |
|
|
NSM
35
DELISTED
Nationstar Mortgage Holdings
NSM
| $38.6M | 1.35% |
1,558,950
+118,200
| +8% | +$3.24M |
|
|
QUOT
36
DELISTED
Quotient Technology Inc
QUOT
| $37M | 1.29% |
3,150,675
+719,225
| +30% | +$9.37M |
|
|
37
Alaunos Therapeutics
TCRT
$4.47M
| $32.3M | 1.13% |
+20,000
| New | +$29.6M |
|
38
OneMain Financial
OMF
$7.27B
| $30.9M | 1.08% |
597,075
-35,625
| -6% | -$1.43M |
|
|
ETFC
39
DELISTED
E*Trade Financial Corporation
ETFC
| $30.7M | 1.07% |
1,074,525
-807,875
| -43% | -$20.6M |
|
40
Radian Group
RDN
$4.84B
| $28.4M | 0.99% |
1,691,875
| – | – |
|
41
PennyMac Financial
PFSI
$3.9B
| $26.4M | 0.92% |
1,556,575
| – | – |
|
|
42
Alibaba
BABA
$286B
| $22.4M | 0.78% |
269,400
-239,200
| -47% | -$21.6M |
|
|
43
JD.com
JD
$39.7B
| $22.1M | 0.77% |
+751,025
| New | +$20.2M |
|
|
CHK
44
DELISTED
Chesapeake Energy Corporation
CHK
| $22M | 0.77% |
7,777
-1,659
| -18% | -$5.86M |
|
|
45
Best Buy
BBY
$18.1B
| $18.1M | 0.63% |
479,425
-716,350
| -60% | -$27.4M |
|
|
LVLT
46
DELISTED
Level 3 Communications Inc
LVLT
| $9.73M | 0.34% |
180,700
-539,275
| -75% | -$28.1M |
|
|
TWTR
47
DELISTED
Twitter, Inc.
TWTR
| $9.03M | 0.32% |
+180,250
| New | +$7.99M |
|
|
TDAY
48
USA Today Co
TDAY
$950M
| $6.78M | 0.24% |
283,200
| – | – |
|
|
VER
49
DELISTED
VEREIT, Inc.
VER
| $4.78M | 0.17% |
97,000
+26,000
| +37% | +$1.24M |
|
50
Barings BDC
BBDC
$978M
| $3.91M | 0.14% |
171,213
| – | – |
|
Similar funds
Bill Miller's Q1 2015 Portfolio in Review
As of Q1 2015, Bill Miller held 101 positions worth $2.86B, up 5.7% from $2.71B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Bill Miller's Q1 2015 filing shows 4 new, 23 increased, 23 reduced and 8 closed positions. Its largest new stake was Alaunos Therapeutics: 20,000 shares worth $32.3M. The largest sale was Level 3 Communications Inc, an estimated $28.1M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, down from 26% a quarter earlier, followed by Financials and Industrials.
- Bill Miller's largest Q1 2015 buy was Alaunos Therapeutics: 20,000 shares worth $32.3M.
- Bill Miller added most to ZULILY INC CLASS A COMMON STOCK in Q1 2015, an estimated $54.8M increase.
- Bill Miller's biggest Q1 2015 reduction was Level 3 Communications Inc, cutting an estimated $28.1M.
- Bill Miller fully exited HOME LN SERVICING SOLUTIONS LTD(CAYMAN ISLANDS) in Q1 2015, selling an estimated $3.28M.
- Bill Miller's ten largest holdings make up 38% of its $2.86B portfolio in Q1 2015.
- Bill Miller opened 4 new positions and closed 8 in Q1 2015.
- Bill Miller's portfolio value rose 5.7% quarter-over-quarter to $2.86B.
Based on Miller Value Partners's 13F filing for Q1 2015, filed 15 May 2015.