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 |
General Motors
GM
|
+$89.6M |
| 2 |
Vontier
VNT
|
+$62.8M |
| 3 |
Diamondback Energy
FANG
|
+$53.8M |
| 4 |
Teva Pharmaceuticals
TEVA
|
+$39.2M |
| 5 |
Norwegian Cruise Line
NCLH
|
+$33.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SFIX
Stitch Fix
SFIX
|
+$49.3M |
| 2 |
DM
Desktop Metal, Inc.
DM
|
+$43.6M |
| 3 |
Warner Bros
WBD
|
+$41.3M |
| 4 |
Netflix
NFLX
|
+$35.3M |
| 5 |
Genworth Financial
GNW
|
+$27.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 22.19% |
| 2 | Financials | 16.07% |
| 3 | Industrials | 14.93% |
| 4 | Healthcare | 12.7% |
| 5 | Technology | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Pitney Bowes
PBI
$2.26B
| $8.44M | 0.22% |
1,023,669
-367,191
| -26% | -$3.15M |
|
52
ProShares UltraPro S&P 500
UPRO
$5.53B
| $8.29M | 0.21% |
183,600
| – | – |
|
|
MILE
53
DELISTED
Metromile, Inc. Common Stock
MILE
| $7.05M | 0.18% |
685,532
-64,230
| -9% | -$980K |
|
54
Viatris
VTRS
$18.7B
| $6.99M | 0.18% |
+500,000
| New | +$8.15M |
|
|
MKFG
55
DELISTED
Markforged Holding Corporation
MKFG
| $6.95M | 0.18% |
+59,989
| New | +$6.9M |
|
56
The GEO Group
GEO
$4.31B
| $6.91M | 0.18% |
890,600
+65,000
| +8% | +$534K |
|
57
SoFi Technologies
SOFI
$24.4B
| $6.8M | 0.18% |
+396,488
| New | +$7.83M |
|
58
Nabors Industries
NBR
$1.37B
| $6.1M | 0.16% |
65,296
+11,675
| +22% | +$1.04M |
|
59
Lazard
LAZ
$4.3B
| $5.8M | 0.15% |
133,200
| – | – |
|
60
Carlyle Group
CG
$17.6B
| $4.97M | 0.13% |
135,260
-55,440
| -29% | -$1.94M |
|
|
SCU
61
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| $4.54M | 0.12% |
207,400
| – | – |
|
|
TDAY
62
USA Today Co
TDAY
$950M
| $3.66M | 0.09% |
679,575
+228,875
| +51% | +$1.12M |
|
63
Yeti Holdings
YETI
$3.19B
| $3.37M | 0.09% |
+46,700
| New | +$3.33M |
|
|
DBD
64
DELISTED
Diebold Nixdorf Incorporated
DBD
| $3.25M | 0.08% |
230,250
-21,750
| -9% | -$300K |
|
65
Brighthouse Financial
BHF
$3.01B
| $2.45M | 0.06% |
55,399
+16,120
| +41% | +$662K |
|
|
ENDP
66
DELISTED
Endo International plc
ENDP
| $2.34M | 0.06% |
315,425
+21,275
| +7% | +$172K |
|
|
BBBY
67
DELISTED
Bed Bath & Beyond Inc
BBBY
| $1.89M | 0.05% |
64,845
-8,910
| -12% | -$249K |
|
68
Conduent
CNDT
$250M
| $1.75M | 0.05% |
+262,950
| New | +$1.5M |
|
69
Quad
QUAD
$532M
| $1.69M | 0.04% |
477,800
| – | – |
|
70
Ziff Davis
ZD
$1.92B
| $1.59M | 0.04% |
15,261
-264
| -2% | -$24.9K |
|
71
Alliance Resource Partners
ARLP
$3.38B
| $1.57M | 0.04% |
270,700
-4,300
| -2% | -$24.7K |
|
72
Unum
UNM
$13.9B
| $1.52M | 0.04% |
54,485
+43,435
| +393% | +$1.13M |
|
73
eBay
EBAY
$46.3B
| $1.44M | 0.04% |
23,525
-475
| -2% | -$27.5K |
|
|
AUD
74
DELISTED
Audacy, Inc.
AUD
| $1.18M | 0.03% |
224,800
-2,700
| -1% | -$13.1K |
|
75
CALL
Ford
F
$57.5B
| $980K | 0.03% |
80,000
+55,000
| +220% | +$629K |
|
Similar funds
Bill Miller's Q1 2021 Portfolio in Review
As of Q1 2021, Bill Miller held 122 positions worth $3.86B, up 18% from $3.29B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Bill Miller deployed $165M of net new capital in Q1 2021, opening 20 new positions and adding to 31 existing holdings. Its largest new stake was General Motors: 1,687,140 shares worth $96.9M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 22% of assets, up from 21% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Stitch Fix, an estimated $49.3M trimmed.
- Bill Miller's largest Q1 2021 buy was General Motors: 1,687,140 shares worth $96.9M.
- Bill Miller added most to Diamondback Energy in Q1 2021, an estimated $53.8M increase.
- Bill Miller's biggest Q1 2021 reduction was Stitch Fix, cutting an estimated $49.3M.
- Bill Miller fully exited Netflix in Q1 2021, selling an estimated $35.3M.
- Bill Miller's ten largest holdings make up 34% of its $3.86B portfolio in Q1 2021.
- Bill Miller opened 20 new positions and closed 8 in Q1 2021.
- Bill Miller's portfolio value rose 18% quarter-over-quarter to $3.86B.
Based on Miller Value Partners's 13F filing for Q1 2021, filed 17 May 2021.