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 |
Chord Energy
CHRD
|
+$5.57M |
| 2 |
Lincoln National
LNC
|
+$5.5M |
| 3 |
Boise Cascade
BCC
|
+$4.73M |
| 4 |
UGI
UGI
|
+$4.01M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$3.06M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ProShares UltraPro S&P 500
UPRO
|
+$10.2M |
| 2 |
MPT
Medical Properties Trust
MPT
|
+$4.87M |
| 3 |
H&R Block
HRB
|
+$3.05M |
| 4 |
WIRE
Encore Wire Corp
WIRE
|
+$3.02M |
| 5 |
The GEO Group
GEO
|
+$2.84M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.51% |
| 2 | Consumer Discretionary | 13.29% |
| 3 | Communication Services | 12.45% |
| 4 | Industrials | 10.11% |
| 5 | Energy | 9.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Cleveland-Cliffs
CLF
$6.43B
| $209K | 0.13% |
+9,198
| New | +$182K |
|
27
TechnipFMC
FTI
$30.4B
| $206K | 0.13% |
8,185
-35,400
| -81% | -$745K |
|
28
Pitney Bowes
PBI
$2.26B
| $176K | 0.11% |
40,584
-2,250
| -5% | -$9.28K |
|
29
Teva Pharmaceuticals
TEVA
$43.5B
| $164K | 0.1% |
11,600
-1,800
| -13% | -$22.7K |
|
30
Airbnb
ABNB
$110B
| – | – |
-6,000
| Closed | -$817K |
|
31
Atkore
ATKR
$3.16B
| – | – |
-4,000
| Closed | -$640K |
|
32
Builders FirstSource
BLDR
$7.55B
| – | – |
-13,000
| Closed | -$2.17M |
|
33
Beazer Homes USA
BZH
$884M
| – | – |
-23,000
| Closed | -$777K |
|
34
Centene
CNC
$32.1B
| – | – |
-22,000
| Closed | -$1.63M |
|
35
Crocs
CROX
$5.85B
| – | – |
-20,500
| Closed | -$1.91M |
|
36
Expedia Group
EXPE
$38.6B
| – | – |
-5,000
| Closed | -$759K |
|
|
37
H&R Block
HRB
$6.62B
| – | – |
-63,000
| Closed | -$3.05M |
|
38
Lithia Motors
LAD
$8.15B
| – | – |
-2,000
| Closed | -$659K |
|
39
LyondellBasell Industries
LYB
$21.8B
| – | – |
-4,500
| Closed | -$428K |
|
40
MasterBrand
MBC
$1.85B
| – | – |
-105,000
| Closed | -$1.56M |
|
41
Medifast
MED
$134M
| – | – |
-42,100
| Closed | -$2.83M |
|
|
MPT
42
Medical Properties Trust
MPT
$2.46B
| – | – |
-991,000
| Closed | -$4.87M |
|
43
Match Group
MTCH
$9.38B
| – | – |
-14,000
| Closed | -$511K |
|
44
Perdoceo Education
PRDO
$2.07B
| – | – |
-35,000
| Closed | -$615K |
|
45
RCI Hospitality Holdings
RICK
$237M
| – | – |
-6,100
| Closed | -$404K |
|
|
46
ProShares UltraPro S&P 500
UPRO
$5.53B
| – | – |
-186,950
| Closed | -$10.2M |
|
Similar funds
Bill Miller's Q1 2024 Portfolio in Review
As of Q1 2024, Bill Miller held 47 positions worth $156M, down 7.1% from $168M the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Bill Miller withdrew a net $32.5M in Q1 2024, closing 17 positions and reducing 18 holdings. Its most notable exit was ProShares UltraPro S&P 500, an estimated $10.2M position sold in full.
By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Bill Miller opened a new position in Chord Energy worth $6.18M.
- Bill Miller's largest Q1 2024 buy was Chord Energy: 34,670 shares worth $6.18M.
- Bill Miller added most to Boise Cascade in Q1 2024, an estimated $4.73M increase.
- Bill Miller's biggest Q1 2024 reduction was Encore Wire Corp, cutting an estimated $3.02M.
- Bill Miller fully exited ProShares UltraPro S&P 500 in Q1 2024, selling an estimated $10.2M.
- Bill Miller's ten largest holdings make up 60% of its $156M portfolio in Q1 2024.
- Bill Miller opened 5 new positions and closed 17 in Q1 2024.
- Bill Miller's portfolio value fell 7.1% quarter-over-quarter to $156M.
Based on Miller Value Partners's 13F filing for Q1 2024, filed 7 May 2024.