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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
+16.94%
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
$2.52B
AUM Growth
+$320M
Cap. Flow
+$53.2M
Cap. Flow %
2.11%
Top 10 Hldgs %
36.66%
Holding
115
New
13
Increased
30
Reduced
28
Closed
13

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$45.4M
2
BIDU icon
Baidu
BIDU
+$30M
3
GTYH
GTY Technology Holdings, Inc. Common Stock
GTYH
+$17.5M
4
PBI icon
Pitney Bowes
PBI
+$16.5M
5
QUOT
Quotient Technology Inc
QUOT
+$15.9M

Top Sells

Rank Stock Value
1
NWL icon
Newell Brands
NWL
+$39.1M
2
CELG
Celgene Corp
CELG
+$36.1M
3
GTYHU
GTY Technology Holdings, Inc. Units
GTYHU
+$18.7M
4
EIGI
Endurance International Group Holdings, Inc.
EIGI
+$15.1M
5
TUP
Tupperware Brands Corporation
TUP
+$9.61M

Sector Composition

Rank Sector Weight
1 Healthcare 23.58%
2 Financials 19.56%
3 Consumer Discretionary 16.64%
4 Communication Services 11.66%
5 Industrials 11.44%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OBE
101
Obsidian Energy
OBE
$797M
$43K ﹤0.01%
22,506
-771
-3% -$2.05K
ASNA
102
DELISTED
Ascena Retail Group, Inc.
ASNA
$43K ﹤0.01%
1,981
+590
+42% +$26.5K
AB icon
103
AllianceBernstein
AB
$3.37B
– –
-50,000
Closed -$1.37M
BBDC icon
104
Barings BDC
BBDC
$978M
– –
-567,278
Closed -$5.11M
CLF icon
105
Cleveland-Cliffs
CLF
$6.43B
– –
-13,263
Closed -$102K
ESI icon
106
Element Solutions
ESI
$8.6B
– –
-525,000
Closed -$5.42M
LPL icon
107
LG Display
LPL
$3.28B
– –
-11,640
Closed -$95K
KG
108
Kestrel Group
KG
$60.3M
– –
-20,758
Closed -$685K
SPY icon
109
State Street SPDR S&P 500 ETF Trust
SPY
$809B
– –
-21,215
Closed -$5.3M
TPVG icon
110
TriplePoint Venture Growth BDC
TPVG
$217M
– –
-122,711
Closed -$1.34M
TUP
111
DELISTED
Tupperware Brands Corporation
TUP
– –
-304,425
Closed -$9.61M
CS
112
DELISTED
Credit Suisse Group
CS
– –
-10,272
Closed -$112K
GTYHU
113
DELISTED
GTY Technology Holdings, Inc. Units
GTYHU
– –
-1,853,625
Closed -$18.7M
P
114
DELISTED
Pandora Media Inc
P
– –
-25,000
Closed -$202K
BAC.WS.A
115
DELISTED
Bank Of America Corporation Ws A
BAC.WS.A
– –
-40,000
Closed -$512K
1 2 3 4
5

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Bill Miller's Q1 2019 Portfolio in Review

As of Q1 2019, Bill Miller held 115 positions worth $2.52B, up 15% from $2.2B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Bill Miller's Q1 2019 filing shows 13 new, 30 increased, 28 reduced and 13 closed positions. Its largest new stake was Baidu: 179,150 shares worth $29.5M. The largest sale was Newell Brands, an estimated $39.1M.

By sector, the portfolio is most concentrated in Healthcare at 24% of assets, up from 22% a quarter earlier, followed by Financials and Consumer Discretionary.

  • Bill Miller's largest Q1 2019 buy was Baidu: 179,150 shares worth $29.5M.
  • Bill Miller added most to Micron Technology in Q1 2019, an estimated $45.4M increase.
  • Bill Miller's biggest Q1 2019 reduction was Newell Brands, cutting an estimated $39.1M.
  • Bill Miller fully exited GTY Technology Holdings, Inc. Units in Q1 2019, selling an estimated $18.7M.
  • Bill Miller's ten largest holdings make up 37% of its $2.52B portfolio in Q1 2019.
  • Bill Miller opened 13 new positions and closed 13 in Q1 2019.
  • Bill Miller's portfolio value rose 15% quarter-over-quarter to $2.52B.

Based on Miller Value Partners's 13F filing for Q1 2019, filed 15 May 2019.