MVP
Miller Value Partners Portfolio holdings
AUM
$423M
Turnover
11.86%
1-Year Est. Return
49.14%
This Fund
S&P 500
This Quarter
Est. Return
-0.05%
1 Year Est. Return
+49.14%
3 Year Est. Return
+132.73%
5 Year Est. Return
+100.12%
10 Year Est. Return
+859.21%
AUM
$2.4B
AUM Growth
+$48.9M
(+2.1%)
Cap. Flow
+$71.5M
Cap. Flow
% of AUM
2.98%
Top 10 Holdings %
Top 10 Hldgs %
40%
Holding
119
New
7
Increased
33
Reduced
36
Closed
9
Avg Time Held Equity + Options
1.8
years
Top 10 Avg Time Held Equity + Options
1.2
years
Top 20 Avg Time Held Equity + Options
2.1
years
Avg Time Held Equity only
1.8
years
Top 10 Avg Time Held Equity only
1.5
years
Top 20 Avg Time Held Equity only
2.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$39.5M |
| 2 |
Teva Pharmaceutical Industries Limited
TEVA
|
+$32.8M |
| 3 |
AGN
Allergan plc
AGN
|
+$18.9M |
| 4 |
Lumen Technologies, Inc. Common Stock
LUMN
|
+$13.5M |
| 5 |
ENDP
Endo International plc
ENDP
|
+$12.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bausch Health
BHC
|
+$24.8M |
| 2 |
GameStop
GME
|
+$17.4M |
| 3 |
MGIC Investment
MTG
|
+$16.2M |
| 4 |
Wayfair
W
|
+$11.6M |
| 5 |
Amazon
AMZN
|
+$6.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 24.56% |
| 2 | Healthcare | 20.81% |
| 3 | Financials | 15.68% |
| 4 | Industrials | 11.05% |
| 5 | Communication Services | 10.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Barings BDC
BBDC
$886M
| $5.76M | 0.24% |
517,278
| – | – |
2014 Q2
15 quarters
|
|
|
CYS
52
DELISTED
CYS Investments Inc.
CYS
| $5.44M | 0.23% |
+810,000
| New | +$5.57M |
2018 Q1
0 quarters
|
|
|
HCR
53
DELISTED
Hi-Crush Inc. Common Stock
HCR
| $5.04M | 0.21% |
475,000
+105,000
| +28% | +$1.28M |
2017 Q4
1 quarter
|
|
54
Kestrel Group
KG
$35.7M
| $5.03M | 0.21% |
38,666
+6,351
| +20% | +$882K |
2017 Q2
3 quarters
|
|
55
Chimera Investment
CIM
$710M
| $4.88M | 0.2% |
93,333
| – | – |
2013 Q2
19 quarters
|
|
|
AAIC
56
DELISTED
Arlington Asset Investment Corp.
AAIC
| $4.42M | 0.18% |
400,000
+125,000
| +45% | +$1.42M |
2016 Q2
7 quarters
|
|
|
ATCO
57
DELISTED
Atlas Corp.
ATCO
| $4.42M | 0.18% |
661,125
+11,660
| +2% | +$79.2K |
2017 Q1
4 quarters
|
|
|
GHL
58
DELISTED
Greenhill & Co., Inc.
GHL
| $3.92M | 0.16% |
212,000
| – | – |
2017 Q2
3 quarters
|
|
59
USA Today Co
TDAY
$1.05B
| $3.82M | 0.16% |
222,835
-35,000
| -14% | -$586K |
2014 Q1
16 quarters
|
|
|
FTR
60
CALL
DELISTED
Frontier Communications Corp.
FTR
| $3.56M | 0.15% |
480,000
| – | – |
2017 Q2
3 quarters
|
|
61
Blackstone
BX
$79.7B
| $3.52M | 0.15% |
110,000
| – | – |
2017 Q3
2 quarters
|
|
62
Halozyme
HALO
$13.3B
| $3.33M | 0.14% |
170,000
| – | – |
2017 Q2
3 quarters
|
|
|
WPG
63
DELISTED
Washington Prime Group Inc.
WPG
| $3.3M | 0.14% |
55,000
+12,222
| +29% | +$715K |
2017 Q2
3 quarters
|
|
64
BGC Group
BGC
$5.37B
| $3.04M | 0.13% |
352,052
| – | – |
2013 Q2
19 quarters
|
|
65
Starwood Property Trust
STWD
$4.58B
| $3.04M | 0.13% |
145,200
| – | – |
2013 Q2
19 quarters
|
|
|
ONDK
66
DELISTED
On Deck Capital, Inc.
ONDK
| $2.79M | 0.12% |
500,000
+75,000
| +18% | +$381K |
2017 Q2
3 quarters
|
|
67
National CineMedia
NCMI
$209M
| $2.75M | 0.11% |
53,000
| – | – |
2017 Q2
3 quarters
|
|
68
DELISTED
Wells Fargo & Company Ws
WFC.WS
| $2.4M | 0.1% |
125,000
| – | – |
2017 Q1
4 quarters
|
|
69
Compass Diversified
CODI
$803M
| $2.3M | 0.1% |
140,000
| – | – |
2013 Q2
19 quarters
|
|
|
ETP
70
DELISTED
Energy Transfer Partners, L.P.
ETP
| $2.27M | 0.09% |
140,000
| – | – |
2017 Q3
2 quarters
|
|
71
DELISTED
Jernigan Capital, Inc.
JCAP
| $2.26M | 0.09% |
+125,000
| New | +$2.23M |
2018 Q1
0 quarters
|
|
72
DELISTED
CBL& Associates Properties, Inc.
CBL
| $2.14M | 0.09% |
513,830
+180,000
| +54% | +$900K |
2017 Q2
3 quarters
|
|
|
SXCP
73
DELISTED
SunCoke Energy Partners, L.P.
SXCP
| $1.6M | 0.07% |
+90,000
| New | +$1.71M |
2018 Q1
0 quarters
|
|
|
JMP
74
DELISTED
JMP Group LLC
JMP
| $1.55M | 0.06% |
306,676
| – | – |
2015 Q3
10 quarters
|
|
75
TriplePoint Venture Growth BDC
TPVG
$180M
| $1.47M | 0.06% |
122,711
| – | – |
2014 Q1
16 quarters
|
|
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Miller Value Partners's Q1 2018 Portfolio in Review
As of Q1 2018, Miller Value Partners held 119 positions worth $2.4B, up 2.1% from $2.35B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Miller Value Partners's Q1 2018 filing shows 7 new, 33 increased, 36 reduced and 9 closed positions. Its largest new stake was Micron Technology: 200,000 shares worth $10.4M. The largest sale was Bausch Health, an estimated $24.8M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, down from 27% a quarter earlier, followed by Healthcare and Financials.
- Miller Value Partners's largest Q1 2018 buy was Micron Technology: 200,000 shares worth $10.4M.
- Miller Value Partners added most to Celgene Corp in Q1 2018, an estimated $39.5M increase.
- Miller Value Partners's biggest Q1 2018 reduction was Bausch Health, cutting an estimated $24.8M.
- Miller Value Partners fully exited CalAtlantic Group, Inc. in Q1 2018, selling an estimated $5.64M.
- Miller Value Partners's ten largest holdings make up 40% of its $2.4B portfolio in Q1 2018.
- Miller Value Partners opened 7 new positions and closed 9 in Q1 2018.
- Miller Value Partners's portfolio value rose 2.1% quarter-over-quarter to $2.4B.
Based on Miller Value Partners's 13F filing for Q1 2018, filed 15 May 2018.