We are live on ! Find out more
BM

Bill Miller Miller Value Partners

AUM $423M
1-Year Est. Return 49.14%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-3.13%
1 Year Est. Return
+49.14%
3 Year Est. Return
+132.73%
5 Year Est. Return
+100.12%
10 Year Est. Return
+859.21%
AUM
$2.5B
AUM Growth
-$110M
Cap. Flow
-$76.3M
Cap. Flow %
-3.05%
Top 10 Hldgs %
33.03%
Holding
122
New
7
Increased
56
Reduced
5
Closed
8

Top Buys

Rank Stock Value
1
DBRG icon
DigitalBridge
DBRG
+$38.7M
2
QUOT
Quotient Technology Inc
QUOT
+$27.5M
3
NXPI icon
NXP Semiconductors
NXPI
+$5.32M
4
AMZN icon
Amazon
AMZN
+$3.38M
5
NSM
Nationstar Mortgage Holdings
NSM
+$3.16M

Top Sells

Rank Stock Value
1
NRF
NorthStar Realty Finance Corp.
NRF
+$33.1M
2
APOL
Apollo Education Group Inc Class A
APOL
+$26.4M
3
PPLI
People Inc
PPLI
+$24.1M
4
TER icon
Teradyne
TER
+$22.7M
5
MS icon
Morgan Stanley
MS
+$20.7M

Sector Composition

Rank Sector Weight
1 Financials 23.21%
2 Consumer Discretionary 20.81%
3 Technology 13.17%
4 Industrials 11.83%
5 Communication Services 7.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IBM icon
51
IBM
IBM
$222B
$10.2M 0.41%
56,390
+1,491
+3% +$272K
TDAY
52
USA Today Co
TDAY
$950M
$4.71M 0.19%
283,200
+71,393
+34% +$1.13M
STWD icon
53
Starwood Property Trust
STWD
$6.06B
$3.19M 0.13%
145,200
+63,000
+77% +$1.48M
HLSS
54
DELISTED
HOME LN SERVICING SOLUTIONS LTD(CAYMAN ISLANDS)
HLSS
$2.44M 0.1%
115,000
+38,400
+50% +$848K
APO icon
55
Apollo Global Management
APO
$78.4B
$2.27M 0.09%
95,000
+31,100
+49% +$778K
BABA icon
56
Alibaba
BABA
$286B
$2.22M 0.09%
+25,000
New +$2.25M
PMT
57
PennyMac Mortgage Investment
PMT
$815M
$1.94M 0.08%
90,500
+13,800
+18% +$301K
RESI
58
DELISTED
Front Yard Residential Corporation Common Stock
RESI
$1.85M 0.07%
+77,000
New +$1.91M
WIN
59
DELISTED
Windstream Holdings Inc
WIN
$1.83M 0.07%
21,665
– –
AY
60
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
$1.78M 0.07%
50,000
– –
QIWI
61
DELISTED
QIWI PLC
QIWI
$1.6M 0.06%
50,800
+9,000
+22% +$337K
CODI icon
62
Compass Diversified
CODI
$879M
$1.58M 0.06%
90,000
– –
STON
63
DELISTED
StoneMor Inc.
STON
$1.55M 0.06%
+60,000
New +$1.49M
CVA
64
DELISTED
Covanta Holding Corporation
CVA
$1.49M 0.06%
+70,000
New +$1.46M
MFIC icon
65
MidCap Financial Investment
MFIC
$804M
$1.48M 0.06%
60,467
– –
BGC icon
66
BGC Group
BGC
$5.63B
$1.46M 0.06%
305,402
– –
BBDC icon
67
Barings BDC
BBDC
$978M
$1.46M 0.06%
57,600
+35,500
+161% +$962K
EARN
68
Ellington Residential Mortgage REIT
EARN
$166M
$1.46M 0.06%
89,875
– –
KKR icon
69
KKR & Co
KKR
$97.4B
$1.42M 0.06%
63,500
– –
PSV
70
DELISTED
Hermitage Offshore Services Ltd.
PSV
$1.41M 0.06%
+8,000
New +$1.52M
FIG
71
DELISTED
Fortress Investment Group Llc
FIG
$1.39M 0.06%
201,400
– –
ARCC icon
72
Ares Capital
ARCC
$14.3B
$1.34M 0.05%
82,800
– –
TPVG icon
73
TriplePoint Venture Growth BDC
TPVG
$217M
$1.31M 0.05%
89,900
– –
CMO
74
DELISTED
Capstead Mortgage Corp.
CMO
$1.29M 0.05%
105,000
+27,000
+35% +$352K
VR
75
DELISTED
Validus Hold Ltd
VR
$1.28M 0.05%
32,600
– –
1 2
3
4 5

Similar funds

WPC
White Pine Capital Bloomington, Minnesota $423M AUM 67.01% 1-Year Est. Return
ACM
Avalon Capital Management Port Of Redwood City, California $423M AUM 54.12% 1-Year Est. Return
BA
Birinyi Associates Westport, Connecticut $423M AUM 35.74% 1-Year Est. Return
WTFG
Wood Tarver Financial Group Boise, Idaho $424M AUM 24.33% 1-Year Est. Return
MWP
Meredith Wealth Planning Maryville, Illinois $424M AUM 27.01% 1-Year Est. Return
MAMA
Myriad Asset Management Advisors West Palm Beach, Florida $424M AUM
MI
M3F Inc Salt Lake City, Utah $422M AUM 42.84% 1-Year Est. Return
AFWM
AMJ Financial Wealth Management Leesburg, Virginia $424M AUM 35.78% 1-Year Est. Return

Bill Miller's Q3 2014 Portfolio in Review

As of Q3 2014, Bill Miller held 122 positions worth $2.5B, down 4.2% from $2.61B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Bill Miller withdrew a net $76.3M in Q3 2014, closing 8 positions and reducing 5 holdings. Its most notable exit was Apollo Education Group Inc Class A, an estimated $26.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 22% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Bill Miller opened a new position in DigitalBridge worth $37.9M.

  • Bill Miller's largest Q3 2014 buy was DigitalBridge: 514,994 shares worth $37.9M.
  • Bill Miller added most to Quotient Technology Inc in Q3 2014, an estimated $27.5M increase.
  • Bill Miller's biggest Q3 2014 reduction was NorthStar Realty Finance Corp., cutting an estimated $33.1M.
  • Bill Miller fully exited Apollo Education Group Inc Class A in Q3 2014, selling an estimated $26.4M.
  • Bill Miller's ten largest holdings make up 33% of its $2.5B portfolio in Q3 2014.
  • Bill Miller opened 7 new positions and closed 8 in Q3 2014.
  • Bill Miller's portfolio value fell 4.2% quarter-over-quarter to $2.5B.

Based on Miller Value Partners's 13F filing for Q3 2014, filed 14 Nov 2014.