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 |
UBS Group
UBS
|
+$24.6M |
| 2 |
Peloton Interactive
PTON
|
+$22.3M |
| 3 |
Precigen
PGEN
|
+$13.7M |
| 4 |
EXE
Expand Energy Corp
EXE
|
+$7.39M |
| 5 |
ProShares UltraPro S&P 500
UPRO
|
+$6.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SI
Silvergate Capital Corporation
SI
|
+$24.8M |
| 2 |
TMHC
Taylor Morrison
TMHC
|
+$16.8M |
| 3 |
DXC Technology
DXC
|
+$14.8M |
| 4 |
Teva Pharmaceuticals
TEVA
|
+$12M |
| 5 |
JPMorgan Chase
JPM
|
+$10.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 35.83% |
| 2 | Financials | 19.31% |
| 3 | Industrials | 10.11% |
| 4 | Energy | 9.96% |
| 5 | Communication Services | 8.02% |
Similar funds
Bill Miller's Q1 2023 Portfolio in Review
As of Q1 2023, Bill Miller held 103 positions worth $1.6B, up 3.2% from $1.55B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Bill Miller withdrew a net $84.4M in Q1 2023, closing 14 positions and reducing 39 holdings. Its most notable exit was Silvergate Capital Corporation, an estimated $24.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 36% of assets, up from 33% a quarter earlier, followed by Financials and Industrials.
Against the trend, Bill Miller opened a new position in UBS Group worth $25.1M.
- Bill Miller's largest Q1 2023 buy was UBS Group: 1,178,255 shares worth $25.1M.
- Bill Miller added most to Expand Energy Corp in Q1 2023, an estimated $7.39M increase.
- Bill Miller's biggest Q1 2023 reduction was Taylor Morrison, cutting an estimated $16.8M.
- Bill Miller fully exited Silvergate Capital Corporation in Q1 2023, selling an estimated $24.8M.
- Bill Miller's ten largest holdings make up 40% of its $1.6B portfolio in Q1 2023.
- Bill Miller opened 19 new positions and closed 14 in Q1 2023.
- Bill Miller's portfolio value rose 3.2% quarter-over-quarter to $1.6B.
Based on Miller Value Partners's 13F filing for Q1 2023, filed 15 May 2023.