Miller Value Partners’s Pitney Bowes PBI Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2023 Q1	–	Sell	-50,000	Closed	-$190K	–	97
2022 Q4	$190K	Hold	50,000	–	–	0.01%	78
2022 Q3	$117K	Hold	50,000	–	–	0.01%	78
2022 Q2	$181K	Hold	50,000	–	–	0.01%	100
2022 Q1	$260K	Hold	50,000	–	–	0.01%	107
2021 Q4	$332K	Buy	50,000 +15,000	+43%	+$106K	0.01%	106
2021 Q3	$252K	Buy	35,000 +5,000	+17%	+$39.1K	0.01%	105
2021 Q2	$263K	Buy	30,000 +10,000	+50%	+$83.4K	0.01%	107
2021 Q1	$165K	Hold	20,000	–	–	﹤0.01%	103
2020 Q4	$123K	Buy	+20,000	New	+$120K	﹤0.01%	93
2020 Q1	–	Sell	-1,000,000	Closed	-$4.03M	–	83
2019 Q4	$4.03M	Buy	1,000,000 +600,000	+150%	+$2.75M	0.14%	59
2019 Q3	$1.83M	Buy	400,000 +100,000	+33%	+$401K	0.07%	65
2019 Q2	$1.28M	Buy	+300,000	New	+$1.61M	0.05%	73

Other funds holding PBI

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

HCM

Hestia Capital Management Cranberry Township, Pennsylvania $111M AUM 21.99% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Permit Capital West Conshohocken, Pennsylvania $294M AUM 27.9% 1-Year Est. Return

Qube Research & Technologies (QRT) London, United Kingdom $89.9B AUM 20.22% 1-Year Est. Return

Miller Value Partners's PBI Position: Q1 2025 in Review

Miller Value Partners sold out of Pitney Bowes (PBI) in Q1 2025, closing a stake of 24,259 shares — an estimated $176K sold.

Miller Value Partners first reported a position in PBI in Q2 2013 and held it in 32 quarters. The position peaked at $38.9M in Q3 2020. 314 funds tracked by Wall St. Rank hold PBI as of Q1 2025.

Miller Value Partners reported no remaining Pitney Bowes position as of Q1 2025 after selling out during the quarter.
Miller Value Partners sold 24,259 Pitney Bowes shares in Q1 2025, an estimated $176K.
Miller Value Partners first reported a position in Pitney Bowes in Q2 2013 and held it in 32 quarters.
Miller Value Partners's Pitney Bowes position peaked at $38.9M in Q3 2020.
314 funds tracked by Wall St. Rank held Pitney Bowes as of Q1 2025.

Based on Miller Value Partners's 13F filing for Q1 2025, filed 15 May 2025.