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 | |
|---|---|---|---|---|---|---|
76
CALL
Baidu
BIDU
$31.6B
| $1.86M | 0.05% |
12,500
+7,500
| +150% | +$1.17M |
|
|
ENDP
77
DELISTED
Endo International plc
ENDP
| $1.79M | 0.05% |
476,200
-447,800
| -48% | -$2.17M |
|
78
Conduent
CNDT
$250M
| $1.77M | 0.05% |
330,975
+10,975
| +3% | +$65.6K |
|
|
TWTR
79
CALL
DELISTED
Twitter, Inc.
TWTR
| $1.73M | 0.05% |
40,000
+22,500
| +129% | +$1.17M |
|
80
Unum
UNM
$13.9B
| $1.5M | 0.04% |
61,125
-3,370
| -5% | -$86.3K |
|
81
JD.com
JD
$39.7B
| $1.44M | 0.04% |
20,476
-3,948
| -16% | -$312K |
|
82
CALL
AT&T
T
$173B
| $1.35M | 0.04% |
72,820
+19,860
| +38% | +$371K |
|
83
CALL
Pfizer
PFE
$160B
| $1.18M | 0.03% |
20,000
+5,000
| +33% | +$248K |
|
84
CALL
Kraft Heinz
KHC
$30.3B
| $1.08M | 0.03% |
30,000
+10,000
| +50% | +$359K |
|
85
ProShares UltraPro Short 20+ Year Treasury
TTT
$17.1M
| $1.05M | 0.03% |
33,973
+810
| +2% | +$26.1K |
|
|
WBA
86
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $1.04M | 0.03% |
20,000
+5,000
| +33% | +$242K |
|
87
Vipshop
VIPS
$6.98B
| $983K | 0.03% |
117,000
| – | – |
|
88
CALL
Vale
VALE
$62.1B
| $841K | 0.02% |
+60,000
| New | +$797K |
|
|
CS
89
CALL
DELISTED
Credit Suisse Group
CS
| $771K | 0.02% |
80,000
| – | – |
|
90
Perdoceo Education
PRDO
$2.07B
| $706K | 0.02% |
60,000
| – | – |
|
91
CALL
Zillow
Z
$8.07B
| $639K | 0.02% |
+10,000
| New | +$721K |
|
92
CALL
Bausch Health
BHC
$2.41B
| $552K | 0.02% |
20,000
| – | – |
|
93
CALL
Viatris
VTRS
$18.7B
| $541K | 0.01% |
40,000
| – | – |
|
|
TWTR
94
DELISTED
Twitter, Inc.
TWTR
| $533K | 0.01% |
12,333
| – | – |
|
95
CALL
Barclays
BCS
$90.2B
| $518K | 0.01% |
+50,000
| New | +$524K |
|
96
CALL
Altria Group
MO
$110B
| $474K | 0.01% |
10,000
| – | – |
|
97
CALL
SoFi Technologies
SOFI
$24.4B
| $474K | 0.01% |
+30,000
| New | +$551K |
|
98
Under Armour Class C
UA
$2.25B
| $464K | 0.01% |
25,700
| – | – |
|
|
99
Baidu
BIDU
$31.6B
| $446K | 0.01% |
3,000
| – | – |
|
100
CALL
Coupang
CPNG
$29.6B
| $441K | 0.01% |
+15,000
| New | +$422K |
|
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.