Miller Value Partners’s Ellington Financial EFC Stock Holding History

Miller Value Partners’s Portfolio EFC Stock Details EFC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-49,000	Closed	-$877K	–	84
2015 Q3	$877K	Hold	49,000	–	–	0.03%	79
2015 Q2	$907K	Hold	49,000	–	–	0.03%	82
2015 Q1	$976K	Hold	49,000	–	–	0.03%	78
2014 Q4	$979K	Sell	49,000 -1,619,972	-97%	-$35M	0.04%	79
2014 Q3	$37.1M	Sell	1,668,972 -25,000	-1%	-$594K	1.49%	34
2014 Q2	$40.7M	Buy	1,693,972 +7,000	+0.4%	+$167K	1.56%	29
2014 Q1	$40.2M	Buy	1,686,972 +108,450	+7%	+$2.59M	1.61%	29
2013 Q4	$35.8M	Sell	1,578,522 -57,950	-4%	-$1.34M	1.62%	28
2013 Q3	$36.8M	Buy	1,636,472 +37,525	+2%	+$841K	2.22%	20
2013 Q2	$36.5M	Buy	+1,598,947	New	+$39.3M	2.5%	16

Other funds holding EFC

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

SOMRS

State of Michigan Retirement System Lansing, Michigan $18.9B AUM 27.96% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Omega Advisors New York $1.02B AUM 7% 1-Year Est. Return

AFG

American Financial Group Cincinnati, Ohio $270M AUM 3.25% 1-Year Est. Return

EMG

Ellington Management Group Old Greenwich, Connecticut $676M AUM 23.65% 1-Year Est. Return

BBR Partners New York $1.79B AUM 16.83% 1-Year Est. Return

GIM

Greenwich Investment Management Norwalk, Connecticut $109M AUM 9.72% 1-Year Est. Return

WFI

West Family Investments Carlsbad, California $285M AUM 30.42% 1-Year Est. Return

MOACM

Mutual of America Capital Management New York $8.8B AUM 29.06% 1-Year Est. Return

Miller Value Partners's EFC Position: Q4 2015 in Review

Miller Value Partners sold out of Ellington Financial (EFC) in Q4 2015, closing a stake of 49,000 shares — an estimated $877K sold.

Miller Value Partners first reported a position in EFC in Q2 2013 and held it in 10 quarters. The position peaked at $40.7M in Q2 2014. 47 funds tracked by Wall St. Rank hold EFC as of Q4 2015.

Miller Value Partners reported no remaining Ellington Financial position as of Q4 2015 after selling out during the quarter.
Miller Value Partners sold 49,000 Ellington Financial shares in Q4 2015, an estimated $877K.
Miller Value Partners first reported a position in Ellington Financial in Q2 2013 and held it in 10 quarters.
Miller Value Partners's Ellington Financial position peaked at $40.7M in Q2 2014.
47 funds tracked by Wall St. Rank held Ellington Financial as of Q4 2015.

Based on Miller Value Partners's 13F filing for Q4 2015, filed 16 Feb 2016.