Bill Miller
Miller Value Partners · SEC CIK 1135778
Contrarian value; buy what others will not.
This filing is 67 days old. Miller Value Partners keeps roughly 96% of its positions in a typical quarter, so about 97% of this book is likely still intact today.
How half-life is computedSnapshot half-life is the number of days after the period end at which half of this specific fund's reported book is expected to have changed, measured from its own past filings. It is a decay estimate, not knowledge of current positions.
Largest holdings, as filed
Top 10 of 56 positions. Weights are against the whole filed book. 13F filings cover US-listed holdings only.
| Company | Ticker | Value | % of book | Freshness |
|---|---|---|---|---|
| NABORS INDUSTRIES LTD | $37.42M | 8.8% | n/a | |
| GRAY MEDIA INC | GTN | $28.76M | 6.8% | |
| DIREXION SHARES ETF TRUST | SPUU | $24.60M | 5.8% | |
| BLOOMIN BRANDS INC | BLMN | $23.64M | 5.6% | |
| QUAD / GRAPHICS INC | QUAD | $21.40M | 5.1% | |
| LINCOLN NATL CORP IND | LNC | $21.32M | 5.0% | |
| CRESCENT ENERGY COMPANY | CRGY | $20.55M | 4.9% | |
| CONDUENT INC | CNDT | $18.96M | 4.5% | |
| BREAD FINANCIAL HOLDINGS INC | BFH | $14.39M | 3.4% | |
| UNITED PARCEL SVCS INC | UPS | $12.47M | 3.0% |
Freshness: how likely each position is still held today, from this fund's own turnover history, each position's tenure and the filing's age. Hover a bar for the numbers. Method.
What changed last quarter
Between Q1 2026 and Q2 2026, the largest add was GTN (shares up 35%), now $28.76M; the largest trim was QUAD (shares down 4%); SPY no longer appears among the previous quarter's largest positions. All of it computed from the two filings, nothing inferred.
Biggest buys, Q2 2026
Exited since Q1 2026
- SPYwas $19.54M
Exit scan covers the previous quarter's 40 largest positions, a stated bound, because reading a mega fund's entire book per page render is not honest engineering.
Common questions
What are Bill Miller's biggest holdings?
As of the Q2 2026 13F, the largest reported positions at Miller Value Partners are NABORS INDUSTRIES LTD (8.8% of the book), GTN (6.8% of the book), SPUU (5.8% of the book).
How big is Miller Value Partners's portfolio?
The latest 13F reports $423.07M across 56 US-listed positions. 13F filings cover US-listed holdings only, so non-US positions and shorts are not included.
Does Bill Miller still hold these positions?
Unknown for certain: a 13F may be filed up to 45 days after quarter end. Based on Miller Value Partners's own filing history, the fund keeps roughly 96% of positions in a typical quarter, so at 67 days since the period end roughly 97% of this book is likely intact. The snapshot half-life for this fund is about 1560 days.
What did Bill Miller buy and sell last quarter?
Between Q1 2026 and Q2 2026, the largest add was GTN (shares up 35%), now $28.76M; the largest trim was QUAD (shares down 4%); SPY no longer appears among the previous quarter's largest positions. All of it computed from the two filings, nothing inferred.
Funds with overlapping books
Inside the app: the full book for Miller Value Partners, quarter on quarter buys and sells, consensus across 140+ funds and copy-to-watchlist.
Source: SEC EDGAR 13F filings. Values are as filed and cover US-listed positions only. A 13F may be filed up to 45 days after the quarter ends, so positions can change before the filing is even public; the freshness figures above quantify that lag instead of hiding it. Educational information, not financial advice.