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 |
ZU
ZULILY INC CLASS A COMMON STOCK
ZU
|
+$54.8M |
| 2 |
P
Pandora Media Inc
P
|
+$32.4M |
| 3 |
Alaunos Therapeutics
TCRT
|
+$29.6M |
| 4 |
EIGI
Endurance International Group Holdings, Inc.
EIGI
|
+$26.4M |
| 5 |
JD.com
JD
|
+$20.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LVLT
Level 3 Communications Inc
LVLT
|
+$28.1M |
| 2 |
Best Buy
BBY
|
+$27.4M |
| 3 |
Alibaba
BABA
|
+$21.6M |
| 4 |
ETFC
E*Trade Financial Corporation
ETFC
|
+$20.6M |
| 5 |
Gilead Sciences
GILD
|
+$15.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 25.07% |
| 2 | Financials | 15.96% |
| 3 | Industrials | 12.71% |
| 4 | Technology | 11.92% |
| 5 | Healthcare | 9.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Precigen
PGEN
$2.58B
| $134M | 4.67% |
3,080,561
+2,720
| +0.1% | +$97.7K |
|
2
American Airlines Group
AAL
$9.15B
| $127M | 4.44% |
2,404,425
+3,200
| +0.1% | +$162K |
|
3
CALL
Amazon
AMZN
$2.79T
| $115M | 4.02% |
22,648,000
-1,240,000
| -5% | -$21.8M |
|
4
United Airlines
UAL
$36.7B
| $113M | 3.96% |
1,683,375
-57,250
| -3% | -$3.88M |
|
5
Delta Air Lines
DAL
$54.2B
| $108M | 3.78% |
2,404,225
+3,000
| +0.1% | +$139K |
|
6
Stellantis
STLA
$20.4B
| $98M | 3.42% |
9,214,264
+36,963
| +0.4% | +$346K |
|
7
CALL
Apple
AAPL
$4.51T
| $96.5M | 3.37% |
12,276,000
-612,000
| -5% | -$18.5M |
|
8
NXP Semiconductors
NXPI
$56.9B
| $96.2M | 3.36% |
959,025
-135,500
| -12% | -$11.9M |
|
9
Lennar Class A
LEN
$21B
| $94.8M | 3.31% |
1,922,211
-4,833
| -0.3% | -$220K |
|
10
Element Solutions
ESI
$8.6B
| $92.5M | 3.23% |
3,604,500
+2,800
| +0.1% | +$67.4K |
|
11
Pultegroup
PHM
$24.6B
| $90.8M | 3.17% |
4,086,050
-16,800
| -0.4% | -$366K |
|
12
MGIC Investment
MTG
$6.34B
| $84.4M | 2.95% |
8,763,825
+6,000
| +0.1% | +$54.9K |
|
13
Genworth Financial
GNW
$3.73B
| $75.7M | 2.64% |
10,348,925
-20,200
| -0.2% | -$154K |
|
|
EIGI
14
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $72.1M | 2.52% |
3,781,350
+1,446,900
| +62% | +$26.4M |
|
|
P
15
DELISTED
Pandora Media Inc
P
| $72M | 2.52% |
4,441,450
+2,026,500
| +84% | +$32.4M |
|
16
Bank of America
BAC
$431B
| $62.8M | 2.19% |
4,080,225
+3,800
| +0.1% | +$61K |
|
17
Netflix
NFLX
$331B
| $62.4M | 2.18% |
10,487,050
+5,250
| +0.1% | +$31.8K |
|
18
GameStop
GME
$8.17B
| $60.3M | 2.11% |
6,357,400
-22,400
| -0.4% | -$211K |
|
|
19
Apple
AAPL
$4.51T
| $59.5M | 2.08% |
1,912,920
-6,240
| -0.3% | -$188K |
|
20
Qualcomm
QCOM
$169B
| $59.2M | 2.07% |
854,440
-182,450
| -18% | -$12.9M |
|
|
ZU
21
DELISTED
ZULILY INC CLASS A COMMON STOCK
ZU
| $56.2M | 1.96% |
4,323,500
+3,307,100
| +325% | +$54.8M |
|
22
Citigroup
C
$221B
| $55.7M | 1.95% |
1,081,800
+2,825
| +0.3% | +$144K |
|
|
JPM.WS
23
DELISTED
JPMorgan Chase
JPM.WS
| $55.2M | 1.93% |
2,506,875
| – | – |
|
24
Cigna
CI
$73.3B
| $54.3M | 1.9% |
419,775
-59,125
| -12% | -$6.87M |
|
25
Seagate
STX
$193B
| $54M | 1.89% |
1,037,275
+100
| +0% | +$5.95K |
|
Similar funds
Bill Miller's Q1 2015 Portfolio in Review
As of Q1 2015, Bill Miller held 101 positions worth $2.86B, up 5.7% from $2.71B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Bill Miller's Q1 2015 filing shows 4 new, 23 increased, 23 reduced and 8 closed positions. Its largest new stake was Alaunos Therapeutics: 20,000 shares worth $32.3M. The largest sale was Level 3 Communications Inc, an estimated $28.1M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, down from 26% a quarter earlier, followed by Financials and Industrials.
- Bill Miller's largest Q1 2015 buy was Alaunos Therapeutics: 20,000 shares worth $32.3M.
- Bill Miller added most to ZULILY INC CLASS A COMMON STOCK in Q1 2015, an estimated $54.8M increase.
- Bill Miller's biggest Q1 2015 reduction was Level 3 Communications Inc, cutting an estimated $28.1M.
- Bill Miller fully exited HOME LN SERVICING SOLUTIONS LTD(CAYMAN ISLANDS) in Q1 2015, selling an estimated $3.28M.
- Bill Miller's ten largest holdings make up 38% of its $2.86B portfolio in Q1 2015.
- Bill Miller opened 4 new positions and closed 8 in Q1 2015.
- Bill Miller's portfolio value rose 5.7% quarter-over-quarter to $2.86B.
Based on Miller Value Partners's 13F filing for Q1 2015, filed 15 May 2015.