Miller Value Partners’s Alliance Resource Partners ARLP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$5.12M	Buy	185,256 +53,256	+40%	+$1.38M	1.34%	22
2025 Q4	$3.07M	Buy	132,000 +5,000	+4%	+$121K	1.08%	26
2025 Q3	$3.21M	Hold	127,000	–	–	1.18%	27
2025 Q2	$3.32M	Hold	127,000	–	–	1.41%	26
2025 Q1	$3.46M	Hold	127,000	–	–	1.58%	26
2024 Q4	$3.34M	Buy	127,000 +10,000	+9%	+$262K	1.43%	25
2024 Q3	$2.92M	Hold	117,000	–	–	1.65%	23
2024 Q2	$2.86M	Hold	117,000	–	–	1.83%	19
2024 Q1	$2.35M	Sell	117,000 -32,000	-21%	-$652K	1.5%	23
2023 Q4	$3.16M	Hold	149,000	–	–	1.87%	19
2023 Q3	$3.36M	Sell	149,000 -68,000	-31%	-$1.36M	2.11%	20
2023 Q2	$4.01M	Sell	217,000 -76,000	-26%	-$1.46M	2.64%	18
2023 Q1	$5.91M	Sell	293,000 -31,000	-10%	-$635K	0.37%	43
2022 Q4	$6.58M	Hold	324,000	–	–	0.43%	41
2022 Q3	$7.42M	Sell	324,000 -121,000	-27%	-$2.77M	0.45%	40
2022 Q2	$8.11M	Sell	445,000 -63,000	-12%	-$1.14M	0.45%	40
2022 Q1	$7.84M	Sell	508,000 -92,700	-15%	-$1.31M	0.3%	48
2021 Q4	$7.59M	Buy	600,700 +275,000	+84%	+$3.1M	0.27%	52
2021 Q3	$3.54M	Buy	325,700 +75,000	+30%	+$625K	0.12%	62
2021 Q2	$1.81M	Sell	250,700 -20,000	-7%	-$125K	0.05%	77
2021 Q1	$1.57M	Sell	270,700 -4,300	-2%	-$24.7K	0.04%	71
2020 Q4	$1.23M	Buy	+275,000	New	+$1.05M	0.04%	64