13F portfolio / Value, concentrated
Miller Value Partners
Bill Miller (founder)
Miller Value Partners is the firm of Bill Miller, who managed the Legg Mason Value Trust.
- Reported 13F value
- $423M
- Positions
- 56
- Est. 1-yearEstimate
- +24.7%SPY +15.7%
- Est. 3-year, annualizedEstimate
- +25.9%SPY +22.8%
As of Jun 30, 2026 · filed Aug 14, 2026
Holdings
4 new · 17 added · 19 trimmed · 16 unchanged · 3 sold out
| 1 | NBR on Yahoo Finance (opens in a new tab) | Nabors Industries LtdSHS | 8.8% | $37M | 445,460 | Unchanged | $56.17* | $78.18 | +39.2% |
| 2 | GTN on Yahoo Finance (opens in a new tab) | Gray Media IncCOM | 6.8% | $29M | 7,243,390 | Added +34.9% | $4.44* | $4.39 | -1.0% |
| 3 | SPUU on Yahoo Finance (opens in a new tab) | Direxion Shares ETF TrustDAILY 500 2X ETF | 5.8% | $25M | 114,078 | New | $203.62 | $222.67 | +9.4% |
| 4 | BLMN on Yahoo Finance (opens in a new tab) | Bloomin Brands IncCOM | 5.6% | $24M | 2,585,909 | Added +27.0% | $6.59 | $9.81 | +48.8% |
| 5 | QUAD on Yahoo Finance (opens in a new tab) | Quad / Graphics IncCOM CL A | 5.1% | $21M | 2,538,299 | Trimmed -4.3% | $4.94* | $9.39 | +90.3% |
| 6 | LNC on Yahoo Finance (opens in a new tab) | Lincoln Natl Corp IndCOM | 5.0% | $21M | 603,160 | Added +5.7% | $28.60 | $40.03 | +40.0% |
| 7 | CRGY on Yahoo Finance (opens in a new tab) | Crescent Energy CompanyCL A COM | 4.9% | $21M | 2,092,679 | Added +4.5% | $10.28 | $13.18 | +28.1% |
| 8 | CNDT on Yahoo Finance (opens in a new tab) | Conduent IncCOM | 4.5% | $19M | 12,986,100 | Added +29.6% | $2.08* | $1.45 | -30.6% |
| 9 | BFH on Yahoo Finance (opens in a new tab) | Bread Financial Holdings IncCOM | 3.4% | $14M | 132,798 | Trimmed -31.4% | $36.89* | $102.10 | +176.8% |
| 10 | UPS on Yahoo Finance (opens in a new tab) | United Parcel Svcs IncCL B | 2.9% | $12M | 116,003 | Trimmed -2.6% | $89.31 | $96.96 | +8.6% |
| 11 | DCH on Yahoo Finance (opens in a new tab) | Dauch CorpCOM | 2.9% | $12M | 2,282,090 | Added +63.5% | $5.65* | $4.93 | -12.7% |
| 12 | TDAY on Yahoo Finance (opens in a new tab) | USA Today Co IncCOM | 2.8% | $12M | 1,401,080 | Trimmed -28.9% | $3.75* | $6.95 | +85.2% |
| 13 | VTRS on Yahoo Finance (opens in a new tab) | Viatris IncCOM | 2.8% | $12M | 733,164 | Unchanged | $9.52* | $18.32 | +92.4% |
| 14 | CTO on Yahoo Finance (opens in a new tab) | Cto Rlty Growth Inc NewCOM | 2.7% | $12M | 539,900 | Trimmed -2.9% | $14.24* | $20.58 | +44.5% |
| 15 | JELD on Yahoo Finance (opens in a new tab) | Jeld-Wen Hldg IncCOM | 2.5% | $11M | 7,139,095 | Added +7.8% | $3.46 | $1.31 | -62.2% |
| 16 | FOSL on Yahoo Finance (opens in a new tab) | Fossil Group IncCOM | 2.1% | $9M | 2,143,445 | Trimmed -11.6% | $1.52* | $7.02 | +362.9% |
| 17 | COTY on Yahoo Finance (opens in a new tab) | Coty IncCOM CL A | 2.0% | $8M | 3,917,705 | New | $2.16 | $3.16 | +46.7% |
| 18 | JXN on Yahoo Finance (opens in a new tab) | Jackson Financial IncCOM CL A | 1.9% | $8M | 80,142 | Trimmed -0.7% | $38.69* | $131.05 | +238.7% |
| 19 | ITRN on Yahoo Finance (opens in a new tab) | Ituran Location And ControlSHS | 1.9% | $8M | 133,700 | Trimmed -34.4% | $35.12 | $49.81 | +41.8% |
| 20 | CHRD on Yahoo Finance (opens in a new tab) | Chord Energy CorporationCOM NEW | 1.9% | $8M | 69,096 | Unchanged | $133.09 | $153.56 | +15.4% |
| 21 | VZ on Yahoo Finance (opens in a new tab) | Verizon Communications IncCOM | 1.7% | $7M | 168,000 | Unchanged | $37.11 | $44.88 | +20.9% |
| 22 | MRP on Yahoo Finance (opens in a new tab) | Millrose Pptys IncCOM CL A | 1.6% | $7M | 229,300 | Added +26.8% | $27.70 | $22.46 | -18.9% |
| 23 | UPBD on Yahoo Finance (opens in a new tab) | Upbound Group IncCOM | 1.3% | $5M | 258,000 | Added +115.0% | $18.26 | $16.36 | -10.4% |
| 24 | OMF on Yahoo Finance (opens in a new tab) | Onemain Hldgs IncCOM | 1.2% | $5M | 82,941 | Unchanged | $31.72* | $55.92 | +76.3% |
| 25 | CALM on Yahoo Finance (opens in a new tab) | Cal Maine Foods IncCOM NEW | 1.2% | $5M | 62,000 | Unchanged | $102.95 | $63.46 | -38.4% |
| 26 | ARLP on Yahoo Finance (opens in a new tab) | Alliance Resource Partners LUT LTD PART | 1.1% | $4M | 186,981 | Added +0.9% | $18.42* | $25.65 | +39.2% |
| 27 | MSTR on Yahoo Finance (opens in a new tab) | Strategy IncCL A NEW | 1.0% | $4M | 50,203 | Trimmed -3.6% | $159.72 | $136.53 | -14.5% |
| 28 | UGI on Yahoo Finance (opens in a new tab) | Ugi Corp NewCOM | 1.0% | $4M | 121,000 | Unchanged | $22.02 | $37.98 | +72.4% |
| 29 | BBW on Yahoo Finance (opens in a new tab) | Build-A-Bear Workshop IncCOM | 1.0% | $4M | 133,567 | Added +28.8% | $34.12 | $25.55 | -25.1% |
| 30 | BMY on Yahoo Finance (opens in a new tab) | Bristol-Myers Squibb CoCOM | 0.9% | $4M | 69,500 | Unchanged | $45.88 | $60.51 | +31.9% |
| 31 | META on Yahoo Finance (opens in a new tab) | Meta Platforms IncCL A | 0.9% | $4M | 6,412 | New | $610.53 | $706.95 | +15.8% |
| 32 | CROX on Yahoo Finance (opens in a new tab) | Crocs IncCOM | 0.8% | $3M | 28,856 | Trimmed -25.1% | $85.65 | $123.37 | +44.0% |
| 33 | WAL on Yahoo Finance (opens in a new tab) | Western Alliance BancorpCOM | 0.8% | $3M | 41,755 | Trimmed -24.4% | $47.28* | $74.60 | +57.8% |
| 34 | ABR on Yahoo Finance (opens in a new tab) | Arbor Realty Trust IncCOM | 0.8% | $3M | 611,000 | Added +1.2% | $7.13 | $2.69 | -62.2% |
| 35 | CTRN on Yahoo Finance (opens in a new tab) | Citi Trends IncCOM | 0.7% | $3M | 54,200 | Added +0.8% | $45.59 | $48.27 | +5.9% |
| 36 | MELI on Yahoo Finance (opens in a new tab) | Mercadolibre IncCOM | 0.7% | $3M | 1,712 | Trimmed -22.7% | $1929.04 | $1819.99 | -5.7% |
| 37 | BCC on Yahoo Finance (opens in a new tab) | Boise Cascade Co DelCOM | 0.7% | $3M | 37,000 | Unchanged | $123.37 | $75.67 | -38.7% |
| 38 | FIGR on Yahoo Finance (opens in a new tab) | Figure Technology SolutioCOM CL A | 0.7% | $3M | 89,668 | Trimmed -1.5% | $43.10 | $27.74 | -35.7% |
| 39 | ZD on Yahoo Finance (opens in a new tab) | Ziff Davis IncCOM | 0.6% | $3M | 50,602 | Trimmed -25.6% | $36.77 | $56.87 | +54.7% |
| 40 | CART on Yahoo Finance (opens in a new tab) | Maplebear IncCOM | 0.5% | $2M | 45,645 | Unchanged | $37.94 | $49.46 | +30.4% |
| 41 | REZI on Yahoo Finance (opens in a new tab) | Resideo Technologies IncCOM | 0.5% | $2M | 68,931 | Trimmed -1.2% | $24.85 | $16.42 | -33.9% |
| 42 | AMP on Yahoo Finance (opens in a new tab) | Ameriprise Finl IncCOM | 0.5% | $2M | 4,428 | New | $456.32 | $499.49 | +9.5% |
| 43 | LYB on Yahoo Finance (opens in a new tab) | Lyondellbasell Industries NVSHS - A - | 0.5% | $2M | 38,000 | Unchanged | $66.59 | $63.99 | -3.9% |
| 44 | BLDR on Yahoo Finance (opens in a new tab) | Builders Firstsource IncCOM | 0.4% | $2M | 19,115 | Added +1.2% | $106.48 | $54.58 | -48.7% |
| 45 | CG on Yahoo Finance (opens in a new tab) | Carlyle Group IncCOM | 0.4% | $2M | 40,000 | Unchanged | $48.18 | $36.33 | -24.6% |
| 46 | FOUR on Yahoo Finance (opens in a new tab) | Shift4 Pmts IncCL A | 0.3% | $1M | 29,965 | Unchanged | $55.20 | $38.35 | -30.5% |
| 47 | PRDO on Yahoo Finance (opens in a new tab) | Perdoceo Ed CorpCOM | 0.3% | $1M | 40,288 | Unchanged | $32.65 | $33.49 | +2.6% |
| 48 | ABNB on Yahoo Finance (opens in a new tab) | Airbnb IncCOM CL A | 0.3% | $1M | 8,921 | Trimmed -44.7% | $130.05 | $171.85 | +32.1% |
| 49 | PINS on Yahoo Finance (opens in a new tab) | Pinterest IncCL A | 0.3% | $1M | 57,860 | Trimmed -3.6% | $20.87 | $22.08 | +5.8% |
| 50 | CPNG on Yahoo Finance (opens in a new tab) | Coupang IncCL A | 0.3% | $1M | 64,124 | Added +2.6% | $19.54 | $14.35 | -26.5% |
| 51 | SN on Yahoo Finance (opens in a new tab) | Sharkninja IncCOM SHS | 0.2% | $903K | 5,932 | Added +2.7% | $117.08 | $187.52 | +60.2% |
| 52 | LAD on Yahoo Finance (opens in a new tab) | Lithia Mtrs IncCOM | 0.2% | $788K | 2,712 | Added +2.2% | $295.19 | $292.85 | -0.8% |
| 53 | VRM on Yahoo Finance (opens in a new tab) | Vroom IncCOM NEW | 0.1% | $450K | 58,488 | Unchanged | $16.22 | $8.90 | -45.1% |
| 54 | UNFI on Yahoo Finance (opens in a new tab) | United Nat Foods IncCOM | 0.1% | $215K | 4,705 | Trimmed -10.4% | $15.77 | $47.22 | +199.3% |
| 55 | FTI on Yahoo Finance (opens in a new tab) | Technipfmc PLCCOM | 0.0% | $210K | 3,170 | Unchanged | $20.35* | $69.68 | +242.5% |
| 56 | TPC on Yahoo Finance (opens in a new tab) | Tutor Perini CorpCOM | 0.0% | $205K | 2,470 | Trimmed -11.6% | $15.15* | $76.97 | +407.9% |
Sold out since Q1 2026
- SPY on Yahoo Finance (opens in a new tab)State Str SPDR S&P 500 ETF T$20M at Q1 2026
- MBC on Yahoo Finance (opens in a new tab)Masterbrand Inc$871K at Q1 2026
- PTLO on Yahoo Finance (opens in a new tab)Portillos Inc$684K at Q1 2026
Estimated, from reported holdings
Quarter by quarter
High-conviction buys (new positions at 3% or more of the portfolio) since Q3 2023: 5. Of 4 with six months of history, 50.0% beat the S&P 500 from the filing date.
Source: SEC Form 13F-HR 0001135778-26-000016, compared with the Q1 2026 report. 0 option rows are excluded from weights. Tickers map from CUSIP via OpenFIGI. Estimated returns weight each position’s next-quarter total return (Yahoo Finance adjusted closes) by its quarter-end value and assume no trades. Estimated cost averages daily adjusted closes in each quarter the share count rose, from Q3 2023 onward (* = held at the start of our data). Price is the latest close.
Important information
Form 13F data is delayed. Managers have up to 45 days after each calendar quarter to file, so holdings shown may have changed materially since the report date. 13F reports cover long positions in US-listed equities and certain other securities only; they exclude short positions, most non-US holdings, cash, bonds and private investments, and managers may request confidential treatment for some positions. Options rows are listed in filings but are not counted in the holdings and weights shown here.
Estimated holdings returns, estimated cost and high-conviction results are hypothetical calculations from quarter-end holdings and public prices, assuming no trades between reports. They are not the actual returns or costs of any fund or manager and do not reflect fees, trading, leverage, shorts or cash. Biographies are drawn from cited public sources. This page is for information only and is not individualized investment advice or a recommendation to buy or sell any security. Gulfstream Capital and its clients may hold positions in securities shown.