MV
Miller Value Partners, LLC 13F Filings Tracker & Latest Positions (Q2 2026)
Miller Value Partners, LLCCIK: 0001135778
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$423.1M
Reporting period: 2026-06-30 · Number of holdings: 56
MILLER VALUE PARTNERS, LLC disclosed 56 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $423.1M and a quarterly turnover rate of 33.2%.
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Personality snowflake
- Concentration
- 15.34
- Portfolio Stability
- 33.16
- Momentum
- 100
- Sector conviction
- 50.84
- Diversification
- 100
- Sizing Uniformity
- 89.19
Miller Value Partners, LLC's disclosed holdings carry a Herfindahl concentration index of 0.038 — mathematically equivalent to about 26 equally-sized positions, well below its 56 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.08), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 41% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy SPUU
Sold out SPY
Add BLMN
+27.0% $12.6M
Trim CRGY
+4.5% -$6.5M
New buy COTY
Add CNDT
+29.6% $6.1M
Holdings Map
New buyAddUnchangedTrim
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NBR | Nabors Industries Ltd. | Stock-Other | 8.85% | -1.13% | +0.23% | |
| 2 | GTN | Gray Media Inc | Stock-Other | 6.80% | +0.72% | +34.88% | |
| 3 | SPUU | Dir Dai S&p 500 Bu 2x Etf-us | ETF-Large Cap & Growth | 5.81% | +5.81% | NEW | |
| 4 | BLMN | Bloomin' Brands Inc | Stock-Other | 5.59% | +2.72% | +26.96% | |
| 5 | QUAD | Quad Graphics Inc | Stock-Other | 5.06% | +0.49% | -4.25% | |
| 6 | LNC | Lincoln National CORP | Stock-Financials | 5.04% | -0.25% | +5.69% | |
| 7 | CRGY | Crescent Energy Inc-a | Stock-Energy | 4.86% | -2.20% | +4.47% | |
| 8 | CNDT | Conduent Inc | Stock-Other | 4.48% | +1.13% | +29.55% | |
| 9 | BFH | Bread Financial Holdings Inc | Stock-Financials | 3.40% | -0.39% | -31.44% | |
| 10 | UPS | United Parcel Service-cl B | Stock-Industrials | 2.95% | -0.11% | -2.61% | |
| 11 | DCH | Dauch Corporation | Stock-Other | 2.92% | +0.76% | +63.48% | |
| 12 | TDAY | USA Today Co Inc | Stock-Other | 2.83% | -0.79% | -28.85% | |
| 13 | VTRS | Viatris Inc | Stock-Healthcare | 2.75% | +0.17% | +0.20% | |
| 14 | CTO | Cto Realty Growth Inc | Stock-Other | 2.74% | +0.06% | -2.90% | |
| 15 | JELD | Jeld-wen Holding Inc | Stock-Other | 2.53% | +0.39% | +7.84% | |
| 16 | FOSL | Fossil Group Inc | Stock-Other | 2.10% | -0.63% | -11.62% | |
| 17 | COTY | Coty Inc-cl A | Stock-Other | 2.00% | +2.00% | NEW | |
| 18 | JXN | Jackson Financial Inc-a | Stock-Financials | 1.94% | -0.29% | -0.67% | |
| 19 | ✓ | Ituran Location And Control | Stock-Other | 1.93% | -0.68% | -34.43% | |
| 20 | CHRD | Chord Energy CORP | Stock-Energy | 1.87% | -0.70% | -0.34% | |
| 21 | VZ | Verizon Communications Inc | Stock-Comm Services | 1.68% | -0.52% | — | |
| 22 | MRP | Millrose Properties | Stock-Real Estate | 1.63% | +0.31% | +26.83% | |
| 23 | UPBD | Upbound Group Inc | Stock-Other | 1.29% | +0.72% | +115.00% | |
| 24 | OMF | Onemain Holdings Inc | Stock-Financials | 1.20% | +0.04% | — | |
| 25 | CALM | Cal-maine Foods Inc | Stock-Consumer Staples | 1.18% | -0.10% | — | |
| 26 | ARLP | Alliance Resource Partners | Stock-Other | 1.06% | -0.28% | +0.93% | |
| 27 | MSTR | Strategy Inc | Stock-Tech | 1.03% | -0.67% | -3.56% | |
| 28 | UGI | Ugi CORP | Stock-Utilities | 0.99% | -0.16% | — | |
| 29 | BBW | Build-a-bear Workshop Inc | Stock-Other | 0.97% | -0.04% | +28.76% | |
| 30 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 0.95% | -0.15% | — | |
| 31 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.85% | +0.85% | NEW | |
| 32 | CROX | Crocs Inc | Stock-Consumer Disc | 0.82% | -0.02% | -25.14% | |
| 33 | WAL | Western Alliance Bancorp | Stock-Financials | 0.81% | -0.21% | -24.43% | |
| 34 | ABR | Arbor Realty Trust Inc | Stock-Real Estate | 0.78% | -0.44% | +1.16% | |
| 35 | CTRN | Citi Trends Inc | Stock-Other | 0.74% | +0.13% | +0.81% | |
| 36 | MELI | Mercadolibre Inc | Stock-Consumer Disc | 0.69% | -0.31% | -22.71% | |
| 37 | BCC | Boise Cascade Co | Stock-Materials | 0.68% | -0.05% | — | |
| 38 | FIGR | Figure Technology Solut-cl A | Stock-Other | 0.65% | -0.16% | -1.47% | |
| 39 | ZD | Ziff Davis Inc | Stock-Other | 0.63% | -0.12% | -25.65% | |
| 40 | CART | Maplebear Inc | Stock-Consumer Disc | 0.51% | +0.06% | +0.19% | |
| 41 | REZI | Resideo Technologies Inc | Stock-Industrials | 0.51% | -0.10% | -1.19% | |
| 42 | AMP | Ameriprise Financial Inc | Stock-Financials | 0.48% | +0.48% | NEW | |
| 43 | LYB | LyondellBasell Industries N.V. | Stock-Materials | 0.47% | -0.33% | — | |
| 44 | BLDR | Builders Firstsource Inc | Stock-Industrials | 0.40% | -0.01% | +1.18% | |
| 45 | CG | Carlyle Group Inc/the | Stock-Financials | 0.40% | -0.11% | — | |
| 46 | FOUR | Shift4 Payments Inc-class A | Stock-Tech | 0.34% | — | -0.23% | |
| 47 | PRDO | Perdoceo Education CORP | Stock-Other | 0.30% | -0.09% | -0.26% | |
| 48 | ABNB | Airbnb Inc-class A | Stock-Consumer Disc | 0.30% | -0.23% | -44.71% | |
| 49 | PINS | Pinterest Inc- Class A | Stock-Comm Services | 0.29% | — | -3.55% | |
| 50 | CPNG | Coupang Inc | Stock-Consumer Disc | 0.26% | -0.05% | +2.55% |
1–50 of 56
Portfolio Performance
Performance for Q3 2026
+10.3%
Performance Last 4 Quarters
+30.1%
- Stdev
- +21%
- Beta
- +1.02
- Alpha
- +4%
- Max Drawdown
- -22.1%
- Annualized Perf
- +24.6%
- Batting Avg vs S&P
- +50%
- Sortino
- +2.27
- Stutzer
- +0.34
- Treynor
- +0.24
- Sterling
- +1.15
- Calmar
- +1.11
- Information Ratio
- +0.26
- Tracking Error
- +16.3%
- Stdev Down
- +10.7%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +62.6%
- Worst 12 Months
- +1.1%
- Efficiency Ratio
- +0.48
- Sharpe
- +1.16
- Stdev Sectors
- +8.4%
- Skewness
- 0
- Kurtosis
- -1.02
- Upside Potential
- +4.14
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 56 | $423.1M | 33 | ||
| 2026 Q1 | 55 | $383.2M | 47 | ||
| 2025 Q4 | 34 | $283.8M | 16 | ||
| 2025 Q3 | 36 | $272.2M | 39 | ||
| 2025 Q2 | 33 | $235.7M | 0 | ||
| 2025 Q1 | 34 | $219.4M | 100 | ||
| 2024 Q4 | 33 | $234.2M | 0 | ||
| 2024 Q3 | 30 | $177.2M | 0 | ||
| 2024 Q2 | 29 | $156.6M | 0 | ||
| 2024 Q1 | 30 | $156.4M | 0 | ||
| 2023 Q4 | 42 | $168.4M | 0 | ||
| 2023 Q3 | 46 | $159.1M | 0 | ||
| 2023 Q2 | 46 | $152.0M | 0 | ||
| 2023 Q1 | 90 | $1.6B | 0 | ||
| 2022 Q4 | 84 | $1.6B | 0 | ||
| 2022 Q3 | 92 | $1.6B | 0 | ||
| 2022 Q2 | 119 | $2.0B | 0 | ||
| 2022 Q1 | 126 | $3.1B | 0 | ||
| 2021 Q4 | 129 | $3.7B | 0 | ||
| 2021 Q3 | 125 | $4.3B | 0 | ||
| 2021 Q2 | 124 | $4.2B | 96 | ||
| 2021 Q1 | 114 | $3.9B | 40 | ||
| 2020 Q4 | 102 | $3.3B | 45 | ||
| 2020 Q3 | 90 | $2.8B | 44 | ||
| 2020 Q2 | 79 | $2.3B | 46 | ||
| 2020 Q1 | 73 | $1.6B | 82 | ||
| 2019 Q4 | 95 | $2.8B | 24 | ||
| 2019 Q3 | 101 | $2.5B | 24 | ||
| 2019 Q2 | 102 | $2.6B | 26 | ||
| 2019 Q1 | 102 | $2.5B | 29 | ||
| 2018 Q4 | 102 | $2.2B | 38 | ||
| 2018 Q3 | 110 | $3.1B | 47 | ||
| 2018 Q2 | 111 | $2.7B | 27 | ||
| 2018 Q1 | 110 | $2.4B | 21 | ||
| 2017 Q4 | 112 | $2.4B | 27 | ||
| 2017 Q3 | 114 | $2.3B | 26 | ||
| 2017 Q2 | 116 | $2.5B | 23 | ||
| 2017 Q1 | 70 | $2.3B | 38 | ||
| 2016 Q4 | 59 | $2.3B | 33 | ||
| 2016 Q3 | 64 | $2.4B | 19 | ||
| 2016 Q2 | 65 | $2.2B | 33 | ||
| 2016 Q1 | 70 | $2.6B | 46 | ||
| 2015 Q4 | 83 | $3.7B | 18 | ||
| 2015 Q3 | 83 | $3.5B | 43 | ||
| 2015 Q2 | 91 | $2.9B | 15 | ||
| 2015 Q1 | 93 | $2.9B | 24 | ||
| 2014 Q4 | 96 | $2.7B | 51 | ||
| 2014 Q3 | 114 | $2.5B | 27 | ||
| 2014 Q2 | 114 | $2.6B | 23 | ||
| 2014 Q1 | 110 | $2.5B | 29 | ||
| 2013 Q4 | 105 | $2.2B | 37 | ||
| 2013 Q3 | 98 | $1.7B | 20 | ||
| 2013 Q2 | 99 | $1.5B | 0 |
Holding changes this quarter
Miller Value Partners, LLC's most significant position changes for 2026-06-30: New buy: Dir Dai S&p 500 Bu 2x Etf-us (SPUU); Sold out: Ss Spdr S&p 500 ETF Trust-us (SPY); New buy: Coty Inc-cl A (COTY); New buy: Meta Platforms Inc-class A (META); New buy: Ameriprise Financial Inc (AMP).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SPUU | Dir Dai S&p 500 Bu 2x Etf-us | +5.8% | NEW | New buy |
| 2 | BLMN | Bloomin' Brands Inc | +2.7% | +26.96% | Add |
| 3 | COTY | Coty Inc-cl A | +2% | NEW | New buy |
| 4 | CNDT | Conduent Inc | +1.1% | +29.55% | Add |
| 5 | META | Meta Platforms Inc-class A | +0.9% | NEW | New buy |
| 6 | DCH | Dauch Corporation | +0.8% | +63.48% | Add |
| 7 | GTN | Gray Media Inc | +0.7% | +34.88% | Add |
| 8 | UPBD | Upbound Group Inc | +0.7% | +115.00% | Add |
| 9 | QUAD | Quad Graphics Inc | +0.5% | -4.25% | Trim |
| 10 | AMP | Ameriprise Financial Inc | +0.5% | NEW | New buy |
| 11 | JELD | Jeld-wen Holding Inc | +0.4% | +7.84% | Add |
| 12 | MRP | Millrose Properties | +0.3% | +26.83% | Add |
| 13 | VTRS | Viatris Inc | +0.2% | +0.20% | Add |
| 14 | CTRN | Citi Trends Inc | +0.1% | +0.81% | Add |
| 15 | CTO | Cto Realty Growth Inc | +0.1% | -2.90% | Trim |
| 16 | CART | Maplebear Inc | +0.1% | +0.19% | Add |
| 17 | SN | SharkNinja, Inc. | +0.1% | +2.72% | Add |
| 18 | OMF | Onemain Holdings Inc | 0% | — | Unchanged |
| 19 | LAD | Lithia Motors Inc | 0% | +2.19% | Add |
| 20 | FOUR | Shift4 Payments Inc-class A | — | -0.23% | Trim |
| 21 | PINS | Pinterest Inc- Class A | — | -3.55% | Trim |
| 22 | BLDR | Builders Firstsource Inc | 0% | +1.18% | Add |
| 23 | UNFI | United Natural Foods Inc | 0% | -10.38% | Trim |
| 24 | TPC | Tutor Perini CORP | 0% | -11.63% | Trim |
| 25 | FTI | TechnipFMC plc | 0% | — | Unchanged |
| 26 | CROX | Crocs Inc | 0% | -25.14% | Trim |
| 27 | BBW | Build-a-bear Workshop Inc | 0% | +28.76% | Add |
| 28 | CPNG | Coupang Inc | -0.1% | +2.55% | Add |
| 29 | BCC | Boise Cascade Co | -0.1% | — | Unchanged |
| 30 | VRM | Vroom Inc | -0.1% | — | Unchanged |
| 31 | PRDO | Perdoceo Education CORP | -0.1% | -0.26% | Trim |
| 32 | REZI | Resideo Technologies Inc | -0.1% | -1.19% | Trim |
| 33 | CALM | Cal-maine Foods Inc | -0.1% | — | Unchanged |
| 34 | UPS | United Parcel Service-cl B | -0.1% | -2.61% | Trim |
| 35 | CG | Carlyle Group Inc/the | -0.1% | — | Unchanged |
| 36 | ZD | Ziff Davis Inc | -0.1% | -25.65% | Trim |
| 37 | BMY | Bristol-myers Squibb Co | -0.2% | — | Unchanged |
| 38 | FIGR | Figure Technology Solut-cl A | -0.2% | -1.47% | Trim |
| 39 | UGI | Ugi CORP | -0.2% | — | Unchanged |
| 40 | PTLO | Portillo's Inc-cl A | -0.2% | EXIT | Sold out |
| 41 | WAL | Western Alliance Bancorp | -0.2% | -24.43% | Trim |
| 42 | MBC | Masterbrand Inc | -0.2% | EXIT | Sold out |
| 43 | ABNB | Airbnb Inc-class A | -0.2% | -44.71% | Trim |
| 44 | LNC | Lincoln National CORP | -0.3% | +5.69% | Add |
| 45 | ARLP | Alliance Resource Partners | -0.3% | +0.93% | Add |
| 46 | JXN | Jackson Financial Inc-a | -0.3% | -0.67% | Trim |
| 47 | MELI | Mercadolibre Inc | -0.3% | -22.71% | Trim |
| 48 | LYB | LyondellBasell Industries N.V. | -0.3% | — | Unchanged |
| 49 | BFH | Bread Financial Holdings Inc | -0.4% | -31.44% | Trim |
| 50 | ABR | Arbor Realty Trust Inc | -0.4% | +1.16% | Add |
1–50 of 59
Filing History
FAQ
What is Miller Value Partners, LLC and what type of investor is it?
Miller Value Partners, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $423.1M, spread across 56 disclosed positions.
What are Miller Value Partners, LLC's largest equity positions?
Based on the latest 13F filing, Miller Value Partners, LLC's top holdings by market value are:
1. Nabors Industries Ltd. (NBR) — $37.4M (8.8%)
2. Gray Media Inc (GTN) — $28.8M (6.8%)
3. Dir Dai S&p 500 Bu 2x Etf-us (SPUU) — $24.6M (5.8%)
4. Bloomin' Brands Inc (BLMN) — $23.6M (5.6%)
5. Quad Graphics Inc (QUAD) — $21.4M (5.1%)
What changes did Miller Value Partners, LLC make in its most recent portfolio filing?
In the latest reported quarter, Miller Value Partners, LLC made 49 notable position adjustments: 4 new positions were initiated, 20 existing holdings were added to, 22 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Dir Dai S&p 500 Bu 2x Etf-us (SPUU); Sold out: Ss Spdr S&p 500 ETF Trust-us (SPY); New buy: Coty Inc-cl A (COTY); New buy: Meta Platforms Inc-class A (META); New buy: Ameriprise Financial Inc (AMP)
What sectors does Miller Value Partners, LLC focus on?
Miller Value Partners, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 32.7%
• Energy: 16.7%
• Industrials: 9.5%
• Health Care: 9.1%
• Consumer Discretionary: 7.4%
• Communication Services: 7.0%
Investment Profile
Miller Value Partners, LLC returned an annualized 24.6% over the trailing 36 months — outperforming the S&P 500 by 4.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.02 (roughly in line with the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 32.7% of the portfolio concentrated in Financials.
Its turnover score has risen from 0 to 33 over the past 4 quarters — a shift toward more active trading.
It has added to its GTN position over the past two quarters (+$9.5M, now $28.8M), while trimming UGI over the same stretch (-$5.6M, still holding $4.2M).
Peer Institutions
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Sector conviction44.7
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AN
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CIK 0000939835
Total reported value
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Developer Access
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