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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
-21.16%
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
$1.97B
AUM Growth
-$1.14B
Cap. Flow
-$463M
Cap. Flow %
-23.5%
Top 10 Hldgs %
43.67%
Holding
142
New
16
Increased
29
Reduced
43
Closed
23

Top Buys

Rank Stock Value
1
EXPE icon
Expedia Group
EXPE
+$87.3M
2
UAL icon
United Airlines
UAL
+$52.1M
3
OMF icon
OneMain Financial
OMF
+$12.9M
4
CLF icon
Cleveland-Cliffs
CLF
+$9.51M
5
ET icon
Energy Transfer Partners
ET
+$9.16M

Top Sells

Rank Stock Value
1
TVTY
Tivity Health, Inc. Common Stock
TVTY
+$92.7M
2
HLF icon
Herbalife
HLF
+$61.2M
3
WW
WW International
WW
+$42.3M
4
TUP
Tupperware Brands Corporation
TUP
+$29.1M
5
ADT icon
ADT
ADT
+$17.5M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 25.36%
2 Financials 13.54%
3 Technology 13.03%
4 Energy 11.19%
5 Industrials 9.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSTR icon
126
CALL
Strategy Inc
MSTR
$47.4B
– –
-10,000
Closed -$486K
RIG icon
127
Transocean
RIG
$6.61B
– –
-5,000
Closed -$20.3K
SFIX
128
Stitch Fix
SFIX
$446M
– –
-1,569,629
Closed -$13.1M
UBER icon
129
CALL
Uber
UBER
$161B
– –
-79,900
Closed -$2.85M
UNM icon
130
Unum
UNM
$13.9B
– –
-6,735
Closed -$212K
UPRO icon
131
ProShares UltraPro S&P 500
UPRO
$5.53B
– –
-153,900
Closed -$9.79M
VRM icon
132
Vroom Inc
VRM
$53.8M
– –
-125
Closed -$15.7K
WW
133
DELISTED
WW International
WW
– –
-4,137,036
Closed -$42.3M
DM
134
DELISTED
Desktop Metal, Inc.
DM
– –
-500
Closed -$14.6K
SAVE
135
CALL
DELISTED
Spirit Airlines, Inc.
SAVE
– –
-20,000
Closed -$437K
ME
136
DELISTED
23andMe Holding Co
ME
– –
-250
Closed -$14.5K
DBD
137
DELISTED
Diebold Nixdorf Incorporated
DBD
– –
-480,000
Closed -$3.23M
TEN
138
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
– –
-38,785
Closed -$711K
TWTR
139
CALL
DELISTED
Twitter, Inc.
TWTR
– –
-50,000
Closed -$1.94M
MILE
140
DELISTED
Metromile, Inc. Common Stock
MILE
– –
-15,000
Closed -$20K
TVTY
141
DELISTED
Tivity Health, Inc. Common Stock
TVTY
– –
-2,883,083
Closed -$92.7M
2 3 4 5
6

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Bill Miller's Q2 2022 Portfolio in Review

As of Q2 2022, Bill Miller held 142 positions worth $1.97B, down 37% from $3.11B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Bill Miller withdrew a net $463M in Q2 2022, closing 23 positions and reducing 43 holdings. Its most notable exit was Tivity Health, Inc. Common Stock, an estimated $92.7M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, up from 21% a quarter earlier, followed by Financials and Technology.

Against the trend, Bill Miller opened a new position in Expedia Group worth $58.5M.

  • Bill Miller's largest Q2 2022 buy was Expedia Group: 616,668 shares worth $58.5M.
  • Bill Miller added most to OneMain Financial in Q2 2022, an estimated $12.9M increase.
  • Bill Miller's biggest Q2 2022 reduction was Tupperware Brands Corporation, cutting an estimated $29.1M.
  • Bill Miller fully exited Tivity Health, Inc. Common Stock in Q2 2022, selling an estimated $92.7M.
  • Bill Miller's ten largest holdings make up 44% of its $1.97B portfolio in Q2 2022.
  • Bill Miller opened 16 new positions and closed 23 in Q2 2022.
  • Bill Miller's portfolio value fell 37% quarter-over-quarter to $1.97B.

Based on Miller Value Partners's 13F filing for Q2 2022, filed 15 Aug 2022.