Miller Investment Management, LP
CIK
1407382
Location
WEST CONSHOHOCKEN, PA
Portfolio Value
Small
$415,179,709
Diversification
Highly concentrated
Filing Date
Global Rank
#2,902
/ 8,622
▼ 165
· as of Mar 2026
Top Industry
Insurance - Diversified
33.6%
3Y Alpha vs SPY
-2.7%
Period ended 4 months ago
Filed May 8, 2026 · 3mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+58.0%
SPY
+67.9%
Annualised alpha
-2.4%
Max drawdown
−15.1%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
58 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
45.8%
+4.2 pts
Top 5
80.9%
+5.9 pts
Top 10
88.3%
+1.8 pts
HHI
2,541
Highly concentrated+407
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 46.7% | $193,891,954 |
| Financial Services | 20.1% | $83,283,989 |
| Communication Services | 14.5% | $60,084,118 |
| Industrials | 4.9% | $20,283,612 |
| Technology | 4.7% | $19,583,070 |
| Healthcare | 4.2% | $17,291,363 |
| Consumer Cyclical | 3.7% | $15,374,933 |
| Energy | 0.7% | $2,840,367 |
| Consumer Defensive | 0.6% | $2,546,303 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
10 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| DIS | Walt Disney Co | +2,671 | 8,261 | $796,195 | |
| APH | Amphenol Corp /De/ | +1,673 | 3,851 | $486,573 | |
| ORCL | Oracle Corp | +1,673 | 12,572 | $1,849,466 | |
| NVDA | Nvidia Corp | +1,549 | 3,044 | $530,873 | |
| META | Meta Platforms, Inc. | +1,279 | 57,872 | $33,110,307 | |
| MSFT | Microsoft Corp | +1,267 | 36,022 | $13,334,263 | |
| SPY | Spdr S&P 500 ETF Trust | +1,264 | 292,218 | $190,041,054 | |
| AMZN | Amazon Com Inc | +692 | 52,489 | $10,931,884 | |
| GOOGL | Alphabet Inc. | +591 | 87,963 | $25,294,640 | |
| BRK-B | Berkshire Hathaway Inc | +228 | 154,300 | $73,940,560 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
7 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| MCD | Mcdonalds Corp | −1,174 | 1,652 | $513,425 | |
| DE | Deere & Co | −760 | 4,185 | $2,357,410 | |
| CNC | Centene Corp | −500 | 34,795 | $1,139,188 | |
| TJX | Tjx Companies Inc /De/ | −320 | 9,214 | $1,471,475 | |
| HD | Home Depot, Inc. | −129 | 3,275 | $1,077,114 | |
| BDX | Becton Dickinson & Co | −92 | 3,396 | $533,953 | |
| AAPL | Apple Inc. | −75 | 9,245 | $2,346,288 | |
| No positions match the current search. | |||||
Sold Out
Positions the filer fully exited
6 positions
58 tracked positions ·
$415,179,709 total
· filing declares
86 positions · $1,006,966,776
· as of Mar 31, 2026
All sectors
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Technology
Showing 1–50
of 58 positions by value
· page 1 of 2
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SPY |
Spdr S&P 500 ETF Trust
|
Added | 292,218 | $190,041,054 | 45.77% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Added | 154,300 | $73,940,560 | 17.81% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 57,872 | $33,110,307 | 7.97% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Added | 87,963 | $25,294,640 | 6.09% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 36,022 | $13,334,263 | 3.21% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 52,489 | $10,931,884 | 2.63% | |
| URI |
United Rentals, Inc.
Industrials
|
Held | 11,707 | $8,529,251 | 2.05% | |
| CAH |
Cardinal Health Inc
Healthcare
|
Held | 23,553 | $4,976,984 | 1.20% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Held | 11,410 | $3,356,365 | 0.81% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Held | 12,849 | $3,140,809 | 0.76% | |
| DIA |
Spdr Dow Jones Industrial Average ETF Trust
|
Held | 5,717 | $2,648,057 | 0.64% | |
| PNC |
Pnc Financial Services Group, Inc.
Financial Services
|
Held | 12,580 | $2,617,772 | 0.63% | |
| EMR |
Emerson Electric Co
Industrials
|
Held | 18,970 | $2,485,449 | 0.60% | |
| DE |
Deere & Co
Industrials
|
Reduced | 4,185 | $2,357,410 | 0.57% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 9,245 | $2,346,288 | 0.57% | |
| RTX |
RTX Corp
Industrials
|
Held | 10,350 | $1,996,515 | 0.48% | |
| ORCL |
Oracle Corp
Technology
|
Added | 12,572 | $1,849,466 | 0.45% | |
| AMGN |
Amgen Inc
Healthcare
|
Held | 5,098 | $1,793,731 | 0.43% | |
| WFC |
Wells Fargo & Company/Mn
Financial Services
|
Held | 20,342 | $1,619,426 | 0.39% | |
| DGX |
Quest Diagnostics Inc
Healthcare
|
Held | 7,586 | $1,486,704 | 0.36% | |
| TJX |
Tjx Companies Inc /De/
Consumer Cyclical
|
Reduced | 9,214 | $1,471,475 | 0.35% | |
| MDT |
Medtronic plc
Healthcare
|
Held | 15,885 | $1,376,435 | 0.33% | |
| CVX |
Chevron Corp
Energy
|
Held | 6,045 | $1,250,710 | 0.30% | |
| QQQ |
Invesco Qqq Trust, Series 1
|
Held | 2,084 | $1,202,843 | 0.29% | |
| PSX |
Phillips 66
Energy
|
Held | 6,500 | $1,184,170 | 0.29% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Held | 1,250 | $1,149,712 | 0.28% | |
| CNC |
Centene Corp
Healthcare
|
Reduced | 34,795 | $1,139,188 | 0.27% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Reduced | 3,275 | $1,077,114 | 0.26% | |
| UPS |
United Parcel Service Inc
Industrials
|
Held | 9,947 | $978,585 | 0.24% | |
| ONIT |
Onity Group Inc.
Financial Services
|
Held | 24,798 | $973,817 | 0.23% | |
| COR |
Cencora, Inc.
Healthcare
|
Held | 3,045 | $956,556 | 0.23% | |
| KMB |
Kimberly Clark Corp
Consumer Defensive
|
Held | 9,321 | $899,196 | 0.22% | |
| CMCSA |
Comcast Corp
Communication Services
|
Held | 30,755 | $882,976 | 0.21% | |
| MMM |
3M Co
Industrials
|
Held | 5,615 | $815,466 | 0.20% | |
| DIS |
Walt Disney Co
Communication Services
|
Added | 8,261 | $796,195 | 0.19% | |
| SWK |
Stanley Black & Decker, Inc.
Industrials
|
Held | 10,555 | $750,038 | 0.18% | |
| CCK |
Crown Holdings, Inc.
Consumer Cyclical
|
Held | 7,421 | $743,955 | 0.18% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Held | 3,390 | $737,291 | 0.18% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Held | 4,631 | $719,147 | 0.17% | |
| CTAS |
Cintas Corp
Industrials
|
Held | 4,004 | $677,236 | 0.16% | |
| ITW |
Illinois Tool Works Inc
Industrials
|
Held | 2,305 | $599,968 | 0.14% | |
| BDX |
Becton Dickinson & Co
Healthcare
|
Reduced | 3,396 | $533,953 | 0.13% | |
| GD |
General Dynamics Corp
Industrials
|
Held | 1,554 | $533,363 | 0.13% | |
| STZ |
Constellation Brands, Inc.
Consumer Defensive
|
Held | 3,550 | $532,500 | 0.13% | |
| NVDA |
Nvidia Corp
Technology
|
Added | 3,044 | $530,873 | 0.13% | |
| MCD |
Mcdonalds Corp
Consumer Cyclical
|
Reduced | 1,652 | $513,425 | 0.12% | |
| APH |
Amphenol Corp /De/
Technology
|
Added | 3,851 | $486,573 | 0.12% | |
| IBM |
International Business Machines Corp
Technology
|
Held | 1,822 | $441,634 | 0.11% | |
| AEG |
Aegon Ltd.
Financial Services
|
Held | 57,015 | $413,928 | 0.10% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Held | 2,390 | $405,487 | 0.10% |
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.