Miller Investment Management, LP
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Closest benchmark: every 13F filer's combined book, active share 80.9%; sector active share 65.1% 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 backtestPortfolio Concentration
83 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Portfolio Trend
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 77.5% | $848,342,078 |
| Financial Services | 8.2% | $90,222,790 |
| Communication Services | 6.2% | $68,210,403 |
| Industrials | 2.3% | $25,008,656 |
| Technology | 2.0% | $22,261,389 |
| Healthcare | 1.7% | $19,137,819 |
| Consumer Cyclical | 1.5% | $16,538,325 |
| Consumer Defensive | 0.2% | $2,143,972 |
| Energy | 0.2% | $2,100,844 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| VEA | Vanguard FTSE Developed Markets ETF | +39,146 | 243,657 | $17,360,561 | |
| VBIL | Vanguard Institutional Index Funds | +16,730 | 212,630 | $16,091,838 | |
| SPY | Spdr S&P 500 ETF Trust | +5,513 | 297,731 | $222,336,578 | |
| EWJ | iShares MSCI Japan ETF | +5,231 | 328,285 | $30,619,141 | |
| BRK-B | Berkshire Hathaway Inc | +4,446 | 158,746 | $79,434,910 | |
| DIS | Walt Disney Co | +4,066 | 12,327 | $1,186,473 | |
| VV | VANGUARD LARGE-CAP INDEX FUND | +3,757 | 90,501 | $31,124,198 | |
| IWR | iShares Russell Mid-Cap ETF | +3,194 | 191,472 | $21,123,191 | |
| XLC | State Street(R) Communication Services Select Sector SPDR(R) ETF | +3,120 | 171,942 | $18,420,146 | |
| APH | Amphenol Corp | +2,621 | 6,472 | $1,141,143 | |
| META | Meta Platforms, Inc. | +2,106 | 59,978 | $33,785,007 | |
| ORCL | Oracle Corp | +1,999 | 14,571 | $2,135,380 | |
| MSFT | Microsoft Corp | +1,811 | 37,833 | $14,112,465 | |
| NVDA | Nvidia Corp | +1,673 | 4,717 | $943,824 | |
| GOOGL | Alphabet Inc. | +1,629 | 89,592 | $32,017,493 | |
| AMZN | Amazon Com Inc | +1,197 | 53,686 | $12,795,521 | |
| SMH | VanEck Semiconductor ETF | +623 | 95,530 | $62,657,171 | |
| VGK | VANGUARD EUROPEAN STOCK INDEX FUND | +41 | 3,073 | $272,083 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| VGSH | VANGUARD SHORT-TERM TREASURY INDEX FUND | −136,071 | 1,537,843 | $89,502,462 | |
| — | −35,523 | 1,225,012 | $121,741,692 | ||
| PPH | VanEck Pharmaceutical ETF | −33,682 | 100,256 | $10,962,993 | |
| VGIT | VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND | −25,650 | 1,300,506 | $76,703,843 | |
| XLV | State Street(R) Health Care Select Sector SPDR(R) ETF | −10,530 | 192,381 | $30,523,169 | |
| — | −10,053 | 25,040 | $4,762,357 | ||
| EFA | iShares MSCI EAFE ETF | −2,488 | 649,538 | $67,474,007 | |
| EMR | Emerson Electric Co | −2,400 | 16,570 | $2,371,995 | |
| ABBV | AbbVie Inc. | −1,250 | 2,140 | $538,509 | |
| CNC | Centene Corp | −1,000 | 33,795 | $2,169,301 | |
| BBH | VanEck Biotech ETF | −736 | 38,226 | $7,769,052 | |
| URI | United Rentals, Inc. | −441 | 11,266 | $12,763,138 | |
| AAPL | Apple Inc. | −30 | 9,215 | $2,666,452 | |
| No positions match the current search. | |||||
Sold Out
Positions the filer fully exited| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SPY |
Spdr S&P 500 ETF Trust
|
Added | 297,731 | $222,336,578 | 20.32% | |
|
|
Reduced | 1,225,012 | $121,741,692 | 11.13% | ||
| VGSH |
VANGUARD SHORT-TERM TREASURY INDEX FUND
|
Reduced | 1,537,843 | $89,502,462 | 8.18% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Added | 158,746 | $79,434,910 | 7.26% | |
| VGIT |
VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND
|
Reduced | 1,300,506 | $76,703,843 | 7.01% | |
| EFA |
iShares MSCI EAFE ETF
|
Reduced | 649,538 | $67,474,007 | 6.17% | |
| SMH |
VanEck Semiconductor ETF
|
Added | 95,530 | $62,657,171 | 5.73% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 59,978 | $33,785,007 | 3.09% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Added | 89,592 | $32,017,493 | 2.93% | |
| VV |
VANGUARD LARGE-CAP INDEX FUND
|
Added | 90,501 | $31,124,198 | 2.85% | |
| EWJ |
iShares MSCI Japan ETF
|
Added | 328,285 | $30,619,141 | 2.80% | |
| XLV |
State Street(R) Health Care Select Sector SPDR(R) ETF
|
Reduced | 192,381 | $30,523,169 | 2.79% | |
| IWR |
iShares Russell Mid-Cap ETF
|
Added | 191,472 | $21,123,191 | 1.93% | |
| XLC |
State Street(R) Communication Services Select Sector SPDR(R) ETF
|
Added | 171,942 | $18,420,146 | 1.68% | |
| VEA |
Vanguard FTSE Developed Markets ETF
|
Added | 243,657 | $17,360,561 | 1.59% | |
| VBIL |
Vanguard Institutional Index Funds
|
Added | 212,630 | $16,091,838 | 1.47% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 37,833 | $14,112,465 | 1.29% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 53,686 | $12,795,521 | 1.17% | |
| URI |
United Rentals, Inc.
Industrials
|
Reduced | 11,266 | $12,763,138 | 1.17% | |
| PPH |
VanEck Pharmaceutical ETF
|
Reduced | 100,256 | $10,962,993 | 1.00% | |
| BBH |
VanEck Biotech ETF
|
Reduced | 38,226 | $7,769,052 | 0.71% | |
| CAH |
Cardinal Health Inc
Healthcare
|
Held | 23,553 | $5,595,250 | 0.51% | |
|
|
Reduced | 25,040 | $4,762,357 | 0.44% | ||
| VTI |
VANGUARD TOTAL STOCK MARKET INDEX FUND
|
Held | 10,429 | $3,859,147 | 0.35% | |
| VIG |
Vanguard Specialized Funds
|
Held | 16,293 | $3,855,249 | 0.35% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Held | 11,410 | $3,734,835 | 0.34% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Held | 12,849 | $3,263,260 | 0.30% | |
| PNC |
Pnc Financial Services Group, Inc.
Financial Services
|
Held | 12,580 | $3,097,447 | 0.28% | |
| DIA |
Spdr Dow Jones Industrial Average ETF Trust
|
Held | 5,717 | $2,986,503 | 0.27% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 9,215 | $2,666,452 | 0.24% | |
| DE |
Deere & Co
Industrials
|
Held | 4,185 | $2,654,671 | 0.24% | |
| EMR |
Emerson Electric Co
Industrials
|
Reduced | 16,570 | $2,371,995 | 0.22% | |
| CNC |
Centene Corp
Healthcare
|
Reduced | 33,795 | $2,169,301 | 0.20% | |
| ORCL |
Oracle Corp
Technology
|
Added | 14,571 | $2,135,380 | 0.20% | |
| RTX |
RTX Corp
Industrials
|
Held | 10,350 | $1,963,705 | 0.18% | |
| AMGN |
Amgen Inc
Healthcare
|
Held | 5,098 | $1,846,087 | 0.17% | |
| IWM |
iShares Russell 2000 ETF
|
Held | 6,138 | $1,844,162 | 0.17% | |
| WFC |
Wells Fargo & Company
Financial Services
|
Held | 20,342 | $1,681,062 | 0.15% | |
|
|
Held | 40,578 | $1,647,466 | 0.15% | ||
| DGX |
Quest Diagnostics Inc
Healthcare
|
Held | 7,586 | $1,607,852 | 0.15% | |
| QQQ |
Invesco Qqq Trust, Series 1
|
Held | 2,084 | $1,534,657 | 0.14% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Held | 1,250 | $1,499,287 | 0.14% | |
| TJX |
Tjx Companies Inc
Consumer Cyclical
|
Held | 9,214 | $1,395,921 | 0.13% | |
| MDT |
Medtronic plc
Healthcare
|
Held | 15,885 | $1,242,683 | 0.11% | |
| DIS |
Walt Disney Co
Communication Services
|
Added | 12,327 | $1,186,473 | 0.11% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Held | 3,275 | $1,155,027 | 0.11% | |
| APH |
Amphenol Corp
Technology
|
Added | 6,472 | $1,141,143 | 0.10% | |
| PSX |
Phillips 66
Energy
|
Held | 6,500 | $1,098,825 | 0.10% | |
| UPS |
United Parcel Service Inc
Industrials
|
Held | 9,947 | $1,069,302 | 0.10% | |
| KMB |
Kimberly Clark Corp
Consumer Defensive
|
Held | 9,321 | $1,023,166 | 0.09% |
Showing the top 50 of 83 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.