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
+3.29%
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
$2.61B
AUM Growth
+$114M
Cap. Flow
+$396M
Cap. Flow %
15.18%
Top 10 Hldgs %
31.98%
Holding
122
New
14
Increased
52
Reduced
48
Closed
8

Top Buys

Rank Stock Value
1
GILD icon
Gilead Sciences
GILD
+$52.2M
2
PGEN icon
Precigen
PGEN
+$24.4M
3
GME icon
GameStop
GME
+$13.3M
4
TWTR
Twitter, Inc.
TWTR
+$8.84M
5
CSCO icon
Cisco
CSCO
+$7.7M

Top Sells

Rank Stock Value
1
QCOR
QUESTCOR PHARMA INC
QCOR
+$43.9M
2
ARCC icon
Ares Capital
ARCC
+$28M
3
NRF
NorthStar Realty Finance Corp.
NRF
+$21M
4
TDAY
USA Today Co
TDAY
+$10.5M
5
AAL icon
American Airlines Group
AAL
+$10.2M

Sector Composition

Rank Sector Weight
1 Financials 21.78%
2 Consumer Discretionary 20.68%
3 Technology 13.34%
4 Industrials 11.55%
5 Communication Services 8.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BANX
101
ArrowMark Financial
BANX
$201M
$680K 0.03%
26,775
+2,775
+12% +$70.1K
NLY icon
102
Annaly Capital Management
NLY
$17.5B
$665K 0.03%
14,525
+8,339
+135% +$384K
QUAD icon
103
Quad
QUAD
$532M
$651K 0.03%
29,100
+4,100
+16% +$88K
NCMI icon
104
National CineMedia
NCMI
$239M
$634K 0.02%
3,620
+520
+17% +$82.7K
BBDC icon
105
Barings BDC
BBDC
$978M
$627K 0.02%
+22,100
New +$578K
ETP
106
DELISTED
Energy Transfer Partners L.p.
ETP
$592K 0.02%
10,200
+1,400
+16% +$78.5K
FTR
107
DELISTED
Frontier Communications Corp.
FTR
$579K 0.02%
6,600
+933
+16% +$80.7K
RITM icon
108
Rithm Capital
RITM
$5.69B
$552K 0.02%
43,750
+6,250
+17% +$79.2K
CLCT
109
DELISTED
Collectors Universe
CLCT
$520K 0.02%
26,500
+3,747
+16% +$79.2K
MTGE
110
DELISTED
MTGE Investment Corp. Common Stock
MTGE
$501K 0.02%
25,000
-35,000
-58% -$697K
BCRH
111
DELISTED
BLUE CAPITAL REINSURANCE HOLDINGS LTD.
BCRH
$495K 0.02%
25,100
+3,600
+17% +$65.1K
OCSL icon
112
Oaktree Specialty Lending
OCSL
$1.14B
$493K 0.02%
16,700
+2,367
+17% +$66.7K
HTS
113
DELISTED
HATTERAS FINANCIAL CORP
HTS
$462K 0.02%
23,300
+3,300
+17% +$65.4K
PFX icon
114
PhenixFIN
PFX
$98.9M
$429K 0.02%
1,640
+230
+16% +$59K
ARI
115
Apollo Commercial Real Estate
ARI
$889M
– –
-6,600
Closed -$110K
ARR
116
Armour Residential REIT
ARR
$2.31B
– –
-1,875
Closed -$309K
ESNT icon
117
Essent Group
ESNT
$6.12B
– –
-453,425
Closed -$10.2M
WMC
118
DELISTED
Western Asset Mortgage Capital Corporation
WMC
– –
-1,536
Closed -$241K
SFR
119
DELISTED
Starwood Waypoint Homes
SFR
– –
-4,000
Closed -$116K
DNDN
120
DELISTED
DENDREON CORPORATION
DNDN
– –
-2,434,000
Closed -$7.28M
QCOR
121
DELISTED
QUESTCOR PHARMA INC
QCOR
– –
-676,625
Closed -$43.9M
NIHD
122
DELISTED
NII HOLDINGS INC CL B
NIHD
– –
-7,837,875
Closed -$9.33M
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 Q2 2014 Portfolio in Review

As of Q2 2014, Bill Miller held 122 positions worth $2.61B, up 4.6% from $2.49B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Bill Miller deployed $396M of net new capital in Q2 2014, opening 14 new positions and adding to 52 existing holdings. Its largest new stake was Gilead Sciences: 670,075 shares worth $55.6M.

By sector, the portfolio is most concentrated in Financials at 22% of assets, down from 25% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was Ares Capital, an estimated $28M trimmed.

  • Bill Miller's largest Q2 2014 buy was Gilead Sciences: 670,075 shares worth $55.6M.
  • Bill Miller added most to Precigen in Q2 2014, an estimated $24.4M increase.
  • Bill Miller's biggest Q2 2014 reduction was Ares Capital, cutting an estimated $28M.
  • Bill Miller fully exited QUESTCOR PHARMA INC in Q2 2014, selling an estimated $43.9M.
  • Bill Miller's ten largest holdings make up 32% of its $2.61B portfolio in Q2 2014.
  • Bill Miller opened 14 new positions and closed 8 in Q2 2014.
  • Bill Miller's portfolio value rose 4.6% quarter-over-quarter to $2.61B.

Based on Miller Value Partners's 13F filing for Q2 2014, filed 14 Aug 2014.