Miller Value Partners, LLC

Registered adviser Superinvestor · Bill Miller

CIK

1135778

Location

SARASOTA, FL

Portfolio Value

Small $423,069,944

Diversification

Diversified

Files via

EXCHANGE TRADED CONCEPTS, LLC

Filing Date

Global Rank

#4,240 / 8,816 ▼ 115

Top Industry

Oil & Gas Drilling 9.4%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 110632

Roster of Oct 1, 2026

Regulatory AUM

$418,183,811

Main clients

Registered funds and BDCs (60% of AUM)

LEI

549300FKUJYEIIO3KL84

Private funds on Schedule D 7.B.(1)

As filed May 8, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

No private funds listed.

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$418,183,811	Registered funds and BDCs (60%)
Apr 2025 to Mar 2026	$362,135,856	Registered funds and BDCs (67%)
Apr 2024 to Mar 2025	$237,703,261	Registered funds and BDCs (62%)
Jul 2023 to Mar 2024	$203,518,561	Registered funds and BDCs (67%)
May 2023 to Jun 2023	$1,718,225,733	Registered funds and BDCs (87%)
Apr 2023	$1,718,225,733	Registered funds and BDCs (87%)

4 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 52.8%, 26.1 effective positions, active share 97.9% against the S&P SmallCap 600 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

40.5% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 11.8 quarters, but 15.1% of the book was already held when coverage starts

Closest benchmark: the S&P SmallCap 600 as of 2026-06-30, active share 97.9%; sector active share 33.9% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

56 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

8.8%

−1.1 pts

Top 5

32.1%

−1.4 pts

Top 10

52.8%

+0.9 pts

HHI

384

Diversified−10

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Energy	16.7%	$70,564,848	5
Consumer Cyclical	15.3%	$64,731,319	12
Financial Services	14.0%	$59,325,131	9
Communication Services	13.1%	$55,327,248	6
Industrials	11.5%	$48,635,922	6
Technology	9.1%	$38,413,146	5
Unclassified	5.8%	$24,596,357	1
Real Estate	5.2%	$21,815,334	3
Healthcare	3.7%	$15,647,234	2
Consumer Defensive	3.5%	$14,961,055	4
Basic Materials	1.2%	$4,873,010	2
Utilities	1.0%	$4,179,340	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

20 positions

Ticker	Company	Δ Shares	Shares	Value
CNDT	CONDUENT Inc	+2,962,170	12,986,100	$18,959,706
GTN	Gray Media, Inc	+1,873,290	7,243,390	$28,756,258
DCH	Dauch Corp	+886,185	2,282,090	$12,368,927
BLMN	Bloomin' Brands, Inc.	+549,175	2,585,909	$23,635,208
JELD	JELD-WEN Holding, Inc.	+519,210	7,139,095	$10,708,642
UPBD	Upbound Group, Inc.	+138,000	258,000	$5,474,760
CRGY	Crescent Energy Co	+89,547	2,092,679	$20,550,107
MRP	Millrose Properties, Inc.	+48,500	229,300	$6,890,465
LNC	Lincoln National Corp	+32,470	603,160	$21,321,706
BBW	Build-A-Bear Workshop Inc	+29,833	133,567	$4,088,485
ABR	Arbor Realty Trust Inc	+7,000	611,000	$3,311,620
ARLP	Alliance Resource Partners LP	+1,725	186,981	$4,483,804
CPNG	Coupang, Inc.	+1,596	64,124	$1,113,833
VTRS	Viatris Inc	+1,488	733,164	$11,642,644
NBR	Nabors Industries Ltd	+1,030	445,460	$37,423,094
CTRN	Citi Trends Inc	+437	54,200	$3,134,928
BLDR	Builders FirstSource, Inc.	+222	19,115	$1,710,410
SN	SharkNinja, Inc.	+157	5,932	$903,265
CART	Maplebear Inc.	+88	45,645	$2,161,290
LAD	Lithia Motors Inc	+58	2,712	$787,808
No positions match the current search.

Trimmed

Positions the filer reduced

22 positions

Ticker	Company	Δ Shares	Shares	Value
TDAY	USA TODAY Co., Inc.	−568,200	1,401,080	$11,979,234
FOSL	Fossil Group, Inc.	−281,740	2,143,445	$8,873,862
QUAD	Quad/Graphics, Inc.	−112,740	2,538,299	$21,397,860
ITRN	Ituran Location & Control Ltd.	−70,200	133,700	$8,157,037
BFH	Bread Financial Holdings, Inc.	−60,899	132,798	$14,388,663
ZD	Ziff Davis, Inc.	−17,456	50,602	$2,650,026
CTO	CTO Realty Growth, Inc.	−16,153	539,900	$11,613,249
WAL	Western Alliance Bancorporation	−13,497	41,755	$3,432,261
CROX	Crocs, Inc.	−9,692	28,856	$3,481,187
ABNB	Airbnb, Inc.	−7,213	8,921	$1,276,595
UPS	United Parcel Service Inc	−3,105	116,003	$12,470,322
PINS	Pinterest, Inc.	−2,130	57,860	$1,216,795
MSTR	Strategy Inc	−1,855	50,203	$4,364,146
FIGR	Figure Technology Solutions, Inc.	−1,341	89,668	$2,753,704
REZI	Resideo Technologies, Inc.	−831	68,931	$2,143,753
UNFI	United Natural Foods Inc	−545	4,705	$214,877
JXN	Jackson Financial Inc.	−538	80,142	$8,205,739
MELI	Mercadolibre Inc	−503	1,712	$2,905,931
TPC	Tutor Perini Corp	−325	2,470	$204,935
CHRD	Chord Energy Corp	−234	69,096	$7,897,672
PRDO	PERDOCEO EDUCATION Corp	−107	40,288	$1,289,216
FOUR	Shift4 Payments, Inc.	−70	29,965	$1,457,497
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
SPUU	Direxion Daily S&P 500 Bull 2X Shares	114,078	$24,596,357
COTY	Coty Inc.	3,917,705	$8,462,242
META	Meta Platforms, Inc.	6,412	$3,611,815
AMP	Ameriprise Financial Inc	4,428	$2,031,389
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
SPY	Spdr S&P 500 ETF Trust	30,044	$19,538,814
MBC	MasterBrand, Inc.	104,854	$871,336
PTLO	Portillo's Inc.	129,323	$684,118
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

56 tracked positions · $423,069,944 total · filing declares 56 positions · $423,070,057 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 56 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Est. Price	Held (qtrs)	Est. cost/share	% of Portfolio
NBR	Nabors Industries Ltd Energy	Added	445,460	+1,030	$37,423,094	−2.2%	$93.04	26+	before history	8.85%
GTN	Gray Media, Inc Communication Services	Added	7,243,390	+1,873,290	$28,756,258	+23.4%	$4.60	13	$4.94	6.80%
SPUU	Direxion Daily S&P 500 Bull 2X Shares	NEW	114,078	NEW	$24,596,357	NEW	$204.12	1	unpriced	5.81%
BLMN	Bloomin' Brands, Inc. Consumer Cyclical	Added	2,585,909	+549,175	$23,635,208	+114.9%	$7.28	2	$6.59	5.59%
QUAD	Quad/Graphics, Inc. Industrials	Reduced	2,538,299	-112,740	$21,397,860	+22.1%	$7.52	26+	before history	5.06%
LNC	Lincoln National Corp Financial Services	Added	603,160	+32,470	$21,321,706	+5.2%	$35.96	10	$31.63	5.04%
CRGY	Crescent Energy Co Energy	Added	2,092,679	+89,547	$20,550,107	−24.0%	$12.22	2	$10.55	4.86%
CNDT	CONDUENT Inc Technology	Added	12,986,100	+2,962,170	$18,959,706	+47.8%	$1.55	22	$2.14	4.48%
BFH	Bread Financial Holdings, Inc. Financial Services	Reduced	132,798	-60,899	$14,388,663	−0.8%	$89.81	13	$38.64	3.40%
UPS	United Parcel Service Inc Industrials	Reduced	116,003	-3,105	$12,470,322	+6.4%	$103.95	4	$95.12	2.95%
DCH	Dauch Corp Consumer Cyclical	Added	2,282,090	+886,185	$12,368,927	+49.4%	$6.08	18	$5.69	2.92%
TDAY	USA TODAY Co., Inc. Communication Services	Reduced	1,401,080	-568,200	$11,979,234	−13.7%	$7.54	24	$4.05	2.83%
VTRS	Viatris Inc Healthcare	Added	733,164	+1,488	$11,642,644	+17.8%	$15.50	22	$14.91	2.75%
CTO	CTO Realty Growth, Inc. Real Estate	Reduced	539,900	-16,153	$11,613,249	+13.0%	$20.25	19	unpriced	2.74%
JELD	JELD-WEN Holding, Inc. Industrials	Added	7,139,095	+519,210	$10,708,642	+30.5%	$1.54	6	$3.46	2.53%
FOSL	Fossil Group, Inc. Consumer Cyclical	Reduced	2,143,445	-281,740	$8,873,862	−15.1%	$4.48	12	$1.55	2.10%
COTY	Coty Inc. Consumer Defensive	NEW	3,917,705	NEW	$8,462,242	NEW	$2.16	1	$2.16	2.00%
JXN	Jackson Financial Inc. Financial Services	Reduced	80,142	-538	$8,205,739	−3.8%	$108.34	19	$40.75	1.94%
ITRN	Ituran Location & Control Ltd. Technology	Reduced	133,700	-70,200	$8,157,037	−18.4%	$59.45	4	$37.78	1.93%
CHRD	Chord Energy Corp Energy	Reduced	69,096	-234	$7,897,672	−19.9%	$135.61	10	$148.89	1.87%
VZ	Verizon Communications Inc Communication Services	Held	168,000	0	$7,113,120	−15.7%	$46.91	6	$41.63	1.68%
MRP	Millrose Properties, Inc. Real Estate	Added	229,300	+48,500	$6,890,465	+36.1%	$28.95	3	$30.32	1.63%
UPBD	Upbound Group, Inc. Technology	Added	258,000	+138,000	$5,474,760	+152.8%	$18.69	4	$19.44	1.29%
OMF	OneMain Holdings, Inc. Financial Services	Held	82,941	0	$5,056,912	+14.0%	$56.33	26+	before history	1.20%
CALM	Cal-Maine Foods Inc Consumer Defensive	Held	62,000	0	$4,994,720	+1.8%	$77.20	4	$106.80	1.18%
ARLP	Alliance Resource Partners LP Energy	Added	186,981	+1,725	$4,483,804	−12.5%	$25.41	23	$14.54	1.06%
MSTR	Strategy Inc Technology	Reduced	50,203	-1,855	$4,364,146	−32.8%	$145.16	8	unpriced	1.03%
UGI	Ugi Corp Utilities	Held	121,000	0	$4,179,340	−5.2%	$35.35	10	$24.66	0.99%
BBW	Build-A-Bear Workshop Inc Consumer Cyclical	Added	133,567	+29,833	$4,088,485	+5.2%	$35.88	9	$35.33	0.97%
BMY	Bristol Myers Squibb Co Healthcare	Held	69,500	0	$4,004,590	−5.0%	$57.42	10	$51.47	0.95%
META	Meta Platforms, Inc. Communication Services	NEW	6,412	NEW	$3,611,815	NEW	$611.48	1	$611.48	0.85%
CROX	Crocs, Inc. Consumer Cyclical	Reduced	28,856	-9,692	$3,481,187	+8.8%	$109.27	2	$85.65	0.82%
WAL	Western Alliance Bancorporation Financial Services	Reduced	41,755	-13,497	$3,432,261	−12.3%	$78.95	14	$46.31	0.81%
ABR	Arbor Realty Trust Inc Real Estate	Added	611,000	+7,000	$3,311,620	−28.9%	$6.50	2	$7.78	0.78%
CTRN	Citi Trends Inc Consumer Cyclical	Added	54,200	+437	$3,134,928	+34.6%	$47.94	2	$45.59	0.74%
MELI	Mercadolibre Inc Consumer Cyclical	Reduced	1,712	-503	$2,905,931	−24.1%	$1,707.75	2	$1,929.04	0.69%
BCC	BOISE CASCADE Co Basic Materials	Held	37,000	0	$2,872,310	+2.3%	$74.13	11	$131.60	0.68%
FIGR	Figure Technology Solutions, Inc. Financial Services	Reduced	89,668	-1,341	$2,753,704	−10.9%	$33.43	2	$43.10	0.65%
ZD	Ziff Davis, Inc. Communication Services	Reduced	50,602	-17,456	$2,650,026	−7.2%	$45.24	2	$36.77	0.63%
CART	Maplebear Inc. Consumer Cyclical	Added	45,645	+88	$2,161,290	+26.6%	$41.82	2	$37.94	0.51%
REZI	Resideo Technologies, Inc. Industrials	Reduced	68,931	-831	$2,143,753	−8.8%	$23.94	2	$35.71	0.51%
AMP	Ameriprise Financial Inc Financial Services	NEW	4,428	NEW	$2,031,389	NEW	$458.33	1	$458.33	0.48%
LYB	LyondellBasell Industries N.V. Basic Materials	Held	38,000	0	$2,000,700	−34.6%	$69.01	6	$75.25	0.47%
BLDR	Builders FirstSource, Inc. Industrials	Added	19,115	+222	$1,710,410	+10.0%	$79.86	2	$106.48	0.40%
CG	Carlyle Group Inc. Financial Services	Held	40,000	0	$1,684,400	−13.0%	$46.97	7	$50.69	0.40%
FOUR	Shift4 Payments, Inc. Technology	Reduced	29,965	-70	$1,457,497	+11.0%	$43.23	2	$55.20	0.34%
PRDO	PERDOCEO EDUCATION Corp Consumer Defensive	Reduced	40,288	-107	$1,289,216	−14.2%	$34.29	2	$33.06	0.30%
ABNB	Airbnb, Inc. Consumer Cyclical	Reduced	8,921	-7,213	$1,276,595	−37.3%	$136.40	2	$130.05	0.30%
PINS	Pinterest, Inc. Communication Services	Reduced	57,860	-2,130	$1,216,795	+10.6%	$20.09	2	$20.87	0.29%
CPNG	Coupang, Inc. Consumer Cyclical	Added	64,124	+1,596	$1,113,833	−5.6%	$18.05	2	$19.54	0.26%

Showing the top 50 of 56 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.