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 |
Mattel
MAT
|
+$84.3M |
| 2 |
Ovintiv
OVV
|
+$78.3M |
| 3 |
Coinbase
COIN
|
+$71.2M |
| 4 |
FISV
Fiserv Inc
FISV
|
+$52.5M |
| 5 |
Norwegian Cruise Line
NCLH
|
+$25.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MTTR
Matterport, Inc. Class A Common Stock
MTTR
|
+$66M |
| 2 |
Acuity Brands
AYI
|
+$52.1M |
| 3 |
Vroom Inc
VRM
|
+$45.1M |
| 4 |
Chemours
CC
|
+$33.1M |
| 5 |
Rocket Companies
RKT
|
+$31.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 21.65% |
| 2 | Financials | 11.16% |
| 3 | Technology | 10.21% |
| 4 | Healthcare | 9.13% |
| 5 | Industrials | 7.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Bank of America
BAC
$431B
| $61.9M | 1.69% |
1,390,742
-167,537
| -11% | -$7.63M |
|
|
27
Coinbase
COIN
$49.2B
| $61.8M | 1.69% |
+244,750
| New | +$71.2M |
|
28
Capital One
COF
$134B
| $59.9M | 1.64% |
412,804
-82,102
| -17% | -$12.7M |
|
29
Vontier
VNT
$4.46B
| $57.8M | 1.58% |
1,879,283
+24,244
| +1% | +$790K |
|
30
CALL
Uber
UBER
$161B
| $57.4M | 1.57% |
1,368,600
-847,500
| -38% | -$36.5M |
|
|
FISV
31
Fiserv Inc
FISV
$28B
| $52.7M | 1.44% |
+507,383
| New | +$52.5M |
|
|
GOOS
32
Canada Goose Holdings
GOOS
$854M
| $52.2M | 1.43% |
1,408,791
-148,801
| -10% | -$6.09M |
|
|
33
Uber
UBER
$161B
| $51.5M | 1.41% |
1,229,057
+135,012
| +12% | +$5.82M |
|
34
Energy Transfer Partners
ET
$73B
| $46.9M | 1.28% |
5,701,107
-2,083,492
| -27% | -$18.9M |
|
|
TUP
35
DELISTED
Tupperware Brands Corporation
TUP
| $43.1M | 1.18% |
2,816,481
-259,551
| -8% | -$4.83M |
|
36
SoFi Technologies
SOFI
$24.4B
| $36.6M | 1% |
2,317,936
+18,247
| +0.8% | +$335K |
|
37
The RealReal
REAL
$1.35B
| $35.8M | 0.98% |
3,082,073
-872,811
| -22% | -$11.5M |
|
|
SFIX
38
Stitch Fix
SFIX
$446M
| $31.8M | 0.87% |
1,683,080
+242,467
| +17% | +$6.95M |
|
|
KRTX
39
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $31.6M | 0.87% |
241,323
+1,898
| +0.8% | +$245K |
|
40
Precigen
PGEN
$2.58B
| $23.9M | 0.65% |
6,433,938
-1,625,183
| -20% | -$6.99M |
|
41
ProShares UltraPro S&P 500
UPRO
$5.53B
| $14M | 0.38% |
183,600
| – | – |
|
|
42
Rocket Companies
RKT
$39.4B
| $12.8M | 0.35% |
917,297
-1,955,159
| -68% | -$31.1M |
|
|
43
Chemours
CC
$2.4B
| $12.8M | 0.35% |
382,600
-1,062,847
| -74% | -$33.1M |
|
44
Viatris
VTRS
$18.7B
| $12.5M | 0.34% |
925,000
+200,000
| +28% | +$2.67M |
|
|
CHS
45
DELISTED
Chicos FAS, Inc.
CHS
| $10.7M | 0.29% |
1,991,982
-51,500
| -3% | -$280K |
|
46
Pitney Bowes
PBI
$2.26B
| $10.4M | 0.28% |
1,566,534
+170,500
| +12% | +$1.21M |
|
47
Vale
VALE
$62.1B
| $10.2M | 0.28% |
725,000
+100,000
| +16% | +$1.33M |
|
48
H&R Block
HRB
$6.62B
| $9.66M | 0.26% |
410,000
+20,000
| +5% | +$485K |
|
|
SDIG
49
DELISTED
Stronghold Digital Mining, Inc. Class A Common Stock
SDIG
| $8.94M | 0.24% |
+69,544
| New | +$14.5M |
|
|
CIM
50
Chimera Investment
CIM
$964M
| $8.47M | 0.23% |
187,133
-31,667
| -14% | -$1.5M |
|
Similar funds
Bill Miller's Q4 2021 Portfolio in Review
As of Q4 2021, Bill Miller held 143 positions worth $3.65B, down 15% from $4.31B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Bill Miller withdrew a net $524M in Q4 2021, closing 14 positions and reducing 35 holdings. Its most notable exit was Matterport, Inc. Class A Common Stock, an estimated $66M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 22% of assets, up from 17% a quarter earlier, followed by Financials and Technology.
Against the trend, Bill Miller opened a new position in Mattel worth $86.6M.
- Bill Miller's largest Q4 2021 buy was Mattel: 4,017,205 shares worth $86.6M.
- Bill Miller added most to Norwegian Cruise Line in Q4 2021, an estimated $25.1M increase.
- Bill Miller's biggest Q4 2021 reduction was Chemours, cutting an estimated $33.1M.
- Bill Miller fully exited Matterport, Inc. Class A Common Stock in Q4 2021, selling an estimated $66M.
- Bill Miller's ten largest holdings make up 41% of its $3.65B portfolio in Q4 2021.
- Bill Miller opened 18 new positions and closed 14 in Q4 2021.
- Bill Miller's portfolio value fell 15% quarter-over-quarter to $3.65B.
Based on Miller Value Partners's 13F filing for Q4 2021, filed 14 Feb 2022.