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MIM
Miller Investment Management Portfolio holdings
AUM
$1.01B
1-Year Est. Return
13.96%
This Fund
S&P 500
This Quarter
Est. Return
-15.82%
1 Year Est. Return
+13.96%
3 Year Est. Return
+53.98%
5 Year Est. Return
+59.96%
10 Year Est. Return
+247.64%
AUM
$486M
AUM Growth
-$149M
(-23%)
Cap. Flow
-$56.5M
Cap. Flow
% of AUM
-11.63%
Top 10 Holdings %
Top 10 Hldgs %
69.84%
Holding
100
New
4
Increased
3
Reduced
20
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco KBW Bank ETF
KBWB
|
+$18.8M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$15.4M |
| 3 |
Pacer US Cash Cows 100 ETF
COWZ
|
+$917K |
| 4 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$572K |
| 5 |
VanEck Biotech ETF
BBH
|
+$241K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Short-Term Treasury ETF
VGSH
|
+$54.2M |
| 2 |
Vanguard Information Technology ETF
VGT
|
+$24.3M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.74M |
| 4 |
VanEck Semiconductor ETF
SMH
|
+$2.52M |
| 5 |
Blackrock
BLK
|
+$1.44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 10.08% |
| 2 | Healthcare | 5.2% |
| 3 | Consumer Discretionary | 4.98% |
| 4 | Communication Services | 4.82% |
| 5 | Industrials | 3.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $124M | 25.42% |
327,662
-6,698
| -2% | -$2.74M |
|
2
State Street Materials Select Sector SPDR ETF
XLB
$8.5B
| $42.8M | 8.79% |
1,162,026
-26,814
| -2% | -$1.12M |
|
|
3
Berkshire Hathaway Class B
BRK.B
$1.1T
| $39.7M | 8.16% |
145,345
+49,118
| +51% | +$15.4M |
|
4
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
| $33.5M | 6.89% |
1,065,769
-14,232
| -1% | -$492K |
|
5
iShares Russell Mid-Cap ETF
IWR
$56B
| $18.5M | 3.81% |
286,261
-8,108
| -3% | -$577K |
|
6
Gotham Enhanced 500 ETF
GSPY
$724M
| $18M | 3.71% |
868,168
-10,058
| -1% | -$226K |
|
|
7
Invesco KBW Bank ETF
KBWB
$6.84B
| $17M | 3.5% |
+328,337
| New | +$18.8M |
|
8
State Street Health Care Select Sector SPDR ETF
XLV
$41.9B
| $15.9M | 3.26% |
123,690
-1,591
| -1% | -$209K |
|
9
Alerian MLP ETF
AMLP
$13B
| $15.9M | 3.26% |
460,155
-723
| -0.2% | -$27.8K |
|
10
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| $14.8M | 3.04% |
204,904
+645
| +0.3% | +$48.4K |
|
11
Meta Platforms (Facebook)
META
$1.42T
| $10.8M | 2.22% |
66,935
-761
| -1% | -$147K |
|
|
12
VanEck Semiconductor ETF
SMH
$65.2B
| $10M | 2.06% |
98,434
-21,724
| -18% | -$2.52M |
|
13
Centene
CNC
$30.7B
| $8.03M | 1.65% |
94,938
| – | – |
|
14
Alphabet (Google) Class A
GOOGL
$4.36T
| $7.18M | 1.48% |
65,900
-780
| -1% | -$91.8K |
|
15
VanEck Junior Gold Miners ETF
GDXJ
$6.89B
| $6.54M | 1.35% |
204,377
-2,316
| -1% | -$95.4K |
|
16
D.R. Horton
DHI
$40B
| $6.09M | 1.25% |
92,003
-1,998
| -2% | -$140K |
|
17
NVR
NVR
$16.5B
| $6.07M | 1.25% |
1,517
-29
| -2% | -$124K |
|
18
Lennar Class A
LEN
$19.8B
| $6.03M | 1.24% |
88,220
-1,943
| -2% | -$142K |
|
19
Vanguard FTSE All-World ex-US ETF
VEU
$66.6B
| $5.01M | 1.03% |
100,322
-20,319
| -17% | -$1.09M |
|
20
Johnson & Johnson
JNJ
$618B
| $3.99M | 0.82% |
22,463
| – | – |
|
21
United Rentals
URI
$67.2B
| $3.69M | 0.76% |
15,211
| – | – |
|
22
PNC Financial Services
PNC
$99.7B
| $3.35M | 0.69% |
21,260
| – | – |
|
23
Microsoft
MSFT
$3.45T
| $3.26M | 0.67% |
12,694
| – | – |
|
24
United Parcel Service
UPS
$88.6B
| $3.08M | 0.63% |
16,859
| – | – |
|
|
DICE
25
DELISTED
DICE Therapeutics, Inc. Common Stock
DICE
| $2.81M | 0.58% |
180,901
| – | – |
|
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Miller Investment Management's Q2 2022 Portfolio in Review
As of Q2 2022, Miller Investment Management held 100 positions worth $486M, down 23% from $635M the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Miller Investment Management withdrew a net $56.5M in Q2 2022, closing 10 positions and reducing 20 holdings. Its most notable exit was Vanguard Short-Term Treasury ETF, an estimated $54.2M position sold in full.
By sector, the portfolio is most concentrated in Financials at 10% of assets, up from 7.3% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Miller Investment Management opened a new position in Invesco KBW Bank ETF worth $17M.
- Miller Investment Management's largest Q2 2022 buy was Invesco KBW Bank ETF: 328,337 shares worth $17M.
- Miller Investment Management added most to Berkshire Hathaway Class B in Q2 2022, an estimated $15.4M increase.
- Miller Investment Management's biggest Q2 2022 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.74M.
- Miller Investment Management fully exited Vanguard Short-Term Treasury ETF in Q2 2022, selling an estimated $54.2M.
- Miller Investment Management's ten largest holdings make up 70% of its $486M portfolio in Q2 2022.
- Miller Investment Management opened 4 new positions and closed 10 in Q2 2022.
- Miller Investment Management's portfolio value fell 23% quarter-over-quarter to $486M.
Based on Miller Investment Management's 13F filing for Q2 2022, filed 15 Aug 2022.