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 |
Lincoln National
LNC
|
+$3.96M |
| 2 |
Nabors Industries
NBR
|
+$2.52M |
| 3 |
United Natural Foods
UNFI
|
+$2.3M |
| 4 |
Build-A-Bear
BBW
|
+$1.97M |
| 5 |
Chord Energy
CHRD
|
+$1.83M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TDAY
USA Today Co
TDAY
|
+$3.16M |
| 2 |
WIRE
Encore Wire Corp
WIRE
|
+$2.89M |
| 3 |
TPC
Tutor Perini Cor
TPC
|
+$2.35M |
| 4 |
The GEO Group
GEO
|
+$2.05M |
| 5 |
Jackson Financial
JXN
|
+$484K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.03% |
| 2 | Communication Services | 14.22% |
| 3 | Consumer Discretionary | 11.85% |
| 4 | Energy | 11.49% |
| 5 | Industrials | 6.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Bread Financial
BFH
$4.07B
| $11.4M | 7.25% |
254,785
+15
| +0% | +$588 |
|
2
AT&T
T
$173B
| $11.2M | 7.18% |
588,000
| – | – |
|
|
3
Jackson Financial
JXN
$8.8B
| $10.8M | 6.92% |
145,835
-6,775
| -4% | -$484K |
|
|
4
Lincoln National
LNC
$8.07B
| $10.3M | 6.55% |
329,775
+130,785
| +66% | +$3.96M |
|
5
Western Alliance Bancorporation
WAL
$8.69B
| $8.93M | 5.7% |
142,105
-2,200
| -2% | -$133K |
|
6
Stellantis
STLA
$20.4B
| $8.34M | 5.32% |
420,000
-10,000
| -2% | -$232K |
|
7
Quad
QUAD
$532M
| $7.89M | 5.04% |
1,447,015
+16,715
| +1% | +$82.1K |
|
|
CTO
8
CTO Realty Growth
CTO
$817M
| $7.75M | 4.95% |
443,900
| – | – |
|
|
9
Chord Energy
CHRD
$8.09B
| $7.54M | 4.82% |
44,970
+10,300
| +30% | +$1.83M |
|
|
10
Nabors Industries
NBR
$1.37B
| $7.37M | 4.71% |
103,620
+33,859
| +49% | +$2.52M |
|
11
OneMain Financial
OMF
$7.27B
| $7.23M | 4.61% |
149,000
-4,000
| -3% | -$197K |
|
|
TDAY
12
USA Today Co
TDAY
$950M
| $7.02M | 4.48% |
1,523,110
-945,465
| -38% | -$3.16M |
|
13
Viatris
VTRS
$18.7B
| $6.58M | 4.2% |
619,000
| – | – |
|
14
Buckle
BKE
$2.26B
| $5.54M | 3.54% |
150,000
| – | – |
|
15
UGI
UGI
$8.06B
| $5.43M | 3.47% |
237,000
+70,000
| +42% | +$1.7M |
|
16
Boise Cascade
BCC
$2.88B
| $4.77M | 3.05% |
40,000
| – | – |
|
17
Gray Television
GTN
$509M
| $4.02M | 2.56% |
772,125
+282,937
| +58% | +$1.66M |
|
18
Alliance Resource Partners
ARLP
$3.38B
| $2.86M | 1.83% |
117,000
| – | – |
|
|
19
United Natural Foods
UNFI
$2.91B
| $2.68M | 1.71% |
+204,570
| New | +$2.3M |
|
20
Bristol-Myers Squibb
BMY
$137B
| $2.49M | 1.59% |
60,000
| – | – |
|
21
Conduent
CNDT
$250M
| $2.44M | 1.56% |
747,375
+28,775
| +4% | +$97.8K |
|
|
TPC
22
Tutor Perini Cor
TPC
$4.8B
| $1.89M | 1.21% |
86,860
-127,700
| -60% | -$2.35M |
|
|
23
Build-A-Bear
BBW
$488M
| $1.77M | 1.13% |
+70,000
| New | +$1.97M |
|
24
Fossil Group
FOSL
$332M
| $1.57M | 1% |
1,088,625
-3,125
| -0.3% | -$3.55K |
|
|
DCH
25
Dauch Corp
DCH
$1.63B
| $1.34M | 0.86% |
192,130
-6,225
| -3% | -$45.9K |
|
Similar funds
Bill Miller's Q2 2024 Portfolio in Review
As of Q2 2024, Bill Miller held 32 positions worth $157M, up 0.13% from $156M the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Bill Miller withdrew a net $7.05M in Q2 2024, closing 3 positions and reducing 10 holdings. Its most notable exit was Encore Wire Corp, an estimated $2.89M position sold in full.
By sector, the portfolio is most concentrated in Financials at 31% of assets, up from 28% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Bill Miller opened a new position in United Natural Foods worth $2.68M.
- Bill Miller's largest Q2 2024 buy was United Natural Foods: 204,570 shares worth $2.68M.
- Bill Miller added most to Lincoln National in Q2 2024, an estimated $3.96M increase.
- Bill Miller's biggest Q2 2024 reduction was USA Today Co, cutting an estimated $3.16M.
- Bill Miller fully exited Encore Wire Corp in Q2 2024, selling an estimated $2.89M.
- Bill Miller's ten largest holdings make up 58% of its $157M portfolio in Q2 2024.
- Bill Miller opened 2 new positions and closed 3 in Q2 2024.
- Bill Miller's portfolio value rose 0.13% quarter-over-quarter to $157M.
Based on Miller Value Partners's 13F filing for Q2 2024, filed 13 Aug 2024.