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MVP

Miller Value Partners Portfolio holdings

AUM $383M
1-Year Est. Return 38.57%
This Fund
S&P 500
This Quarter Est. Return
+12.87%
1 Year Est. Return
+38.57%
3 Year Est. Return
+125.13%
5 Year Est. Return
+96.57%
10 Year Est. Return
+721.33%
AUM
$2.2B
AUM Growth
+$545M
Cap. Flow
+$242M
Cap. Flow %
10.96%
Top 10 Hldgs %
31.48%
Holding
112
New
14
Increased
42
Reduced
15
Closed
7

Top Buys

Rank Stock Value
1
AAL icon
American Airlines Group
AAL
+$63.6M
2
EBAY icon
eBay
EBAY
+$55.8M
3
DS
Drive Shack Inc.
DS
+$51.4M
4
NRF
NorthStar Realty Finance Corp.
NRF
+$46.5M
5
OCIP
OCI Partners LP
OCIP
+$27M

Top Sells

Rank Stock Value
1
LCC
US AIRWAYS GROUP INC.
LCC
+$47.2M
2
NFLX icon
Netflix
NFLX
+$9.36M
3
MFIC icon
MidCap Financial Investment
MFIC
+$3.13M
4
GRPN icon
Groupon
GRPN
+$2.94M
5
RITM icon
Rithm Capital
RITM
+$2.11M

Sector Composition

Rank Sector Weight
1 Financials 24.89%
2 Consumer Discretionary 22.11%
3 Industrials 10.49%
4 Technology 10.06%
5 Communication Services 9.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RWT
76
Redwood Trust
RWT
$570M
$678K 0.03%
35,000
– –
DINO icon
77
HF Sinclair
DINO
$16.4B
$671K 0.03%
13,500
– –
CLCT
78
DELISTED
Collectors Universe
CLCT
$669K 0.03%
39,000
– –
PFX icon
79
PhenixFIN
PFX
$668K 0.03%
2,410
– –
FCRD
80
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
$660K 0.03%
40,000
– –
LNCO
81
DELISTED
LINNCO LLC COM SHS REPSTG LTD LIABILITY
LNCO
$648K 0.03%
+21,000
New +$642K
PDLI
82
DELISTED
PDL BioPharma, Inc.
PDLI
$645K 0.03%
76,400
– –
NCMI icon
83
National CineMedia
NCMI
$368M
$619K 0.03%
3,100
-500
-14% -$93.1K
BGC icon
84
BGC Group
BGC
$5.51B
$605K 0.03%
155,500
– –
BANX
85
ArrowMark Financial
BANX
$198M
$590K 0.03%
+24,000
New +$602K
MCD icon
86
McDonald's
MCD
$191B
$554K 0.03%
5,700
– –
STWD icon
87
Starwood Property Trust
STWD
$5.92B
$554K 0.03%
24,804
– –
PBI icon
88
Pitney Bowes
PBI
$2.36B
$525K 0.02%
22,500
-22,100
-50% -$475K
ETP
89
DELISTED
Energy Transfer Partners L.p.
ETP
$504K 0.02%
8,800
– –
RITM icon
90
Rithm Capital
RITM
$5.44B
$501K 0.02%
37,500
-163,450
-81% -$2.11M
BLK icon
91
Blackrock
BLK
$170B
$475K 0.02%
1,500
– –
GBDC icon
92
Golub Capital BDC
GBDC
$3.32B
$457K 0.02%
24,402
– –
CMO
93
DELISTED
Capstead Mortgage Corp.
CMO
$423K 0.02%
35,000
– –
FTR
94
DELISTED
Frontier Communications Corp.
FTR
$396K 0.02%
5,667
– –
BCRH
95
DELISTED
BLUE CAPITAL REINSURANCE HOLDINGS LTD.
BCRH
$395K 0.02%
+21,500
New +$397K
SAN icon
96
Banco Santander
SAN
$200B
$373K 0.02%
45,250
– –
RBS.PRT
97
DELISTED
ROYAL BANK OF SCOTLAND GRP PLS (THE) SPONS ADR REPSTG PFD
RBS.PRT
$365K 0.02%
15,200
– –
ARR
98
Armour Residential REIT
ARR
$2.3B
$301K 0.01%
1,875
– –
NLY icon
99
Annaly Capital Management
NLY
$17.1B
$247K 0.01%
6,186
– –
WMC
100
DELISTED
Western Asset Mortgage Capital Corporation
WMC
$209K 0.01%
1,400
– –
1 2 3
4
5

Similar funds

DR
Davis Rea Toronto, Ontario, Canada $384M AUM 11.74% 1-Year Est. Return
RC
RV Capital Schindellegi, Switzerland $383M AUM 21.52% 1-Year Est. Return
DSA
Droms Strauss Advisors St. Louis, Missouri $383M AUM 17.99% 1-Year Est. Return
DFA
Delta Financial Advisors New Orleans, Louisiana $384M AUM 26.86% 1-Year Est. Return
PCM
Pinnbrook Capital Management New York $384M AUM 147.48% 1-Year Est. Return
RSS
Rosenblum Silverman Sutton San Francisco, California $382M AUM 13.82% 1-Year Est. Return
T
TOBAM Paris, France $384M AUM 10.32% 1-Year Est. Return
STP
Science & Technology Partners New York $382M AUM 202.26% 1-Year Est. Return

Miller Value Partners's Q4 2013 Portfolio in Review

As of Q4 2013, Miller Value Partners held 112 positions worth $2.2B, up 33% from $1.66B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Miller Value Partners deployed $242M of net new capital in Q4 2013, opening 14 new positions and adding to 42 existing holdings. Its largest new stake was American Airlines Group: 2,469,925 shares worth $62.4M.

By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 27% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was Netflix, an estimated $9.36M trimmed.

  • Miller Value Partners's largest Q4 2013 buy was American Airlines Group: 2,469,925 shares worth $62.4M.
  • Miller Value Partners added most to Drive Shack Inc. in Q4 2013, an estimated $51.4M increase.
  • Miller Value Partners's biggest Q4 2013 reduction was Netflix, cutting an estimated $9.36M.
  • Miller Value Partners fully exited US AIRWAYS GROUP INC. in Q4 2013, selling an estimated $47.2M.
  • Miller Value Partners's ten largest holdings make up 31% of its $2.2B portfolio in Q4 2013.
  • Miller Value Partners opened 14 new positions and closed 7 in Q4 2013.
  • Miller Value Partners's portfolio value rose 33% quarter-over-quarter to $2.2B.

Based on Miller Value Partners's 13F filing for Q4 2013, filed 14 Feb 2014.