Miller Value Partners 13F, Q4 2024
Bill Miller · quarter ending 31 December 2024 · filed 14 February 2025 · SEC CIK 1135778
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2024
The 25 largest of 33 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2024 filing.
| Company | Ticker | Value | % of book | vs Q3 2024 |
|---|---|---|---|---|
| BREAD FINANCIAL HOLDINGS INC | BFH | $18.57M | 7.9% | +18% shares |
| QUAD / GRAPHICS INC | QUAD | $17.55M | 7.5% | +34% shares |
| NABORS INDUSTRIES LTD | $16.08M | 6.9% | +100% shares | |
| LINCOLN NATL CORP IND | LNC | $15.65M | 6.7% | +29% shares |
| AT&T INC | T | $12.14M | 5.2% | unchanged |
| GANNETT CO INC | TDAY | $12.13M | 5.2% | +75% shares |
| JACKSON FINANCIAL INC | JXN | $11.96M | 5.1% | +5% shares |
| WESTERN ALLIANCE BANCORP | WAL | $11.79M | 5.0% | +6% shares |
| UNITED NAT FOODS INC | UNFI | $11.27M | 4.8% | +52% shares |
| GRAY TELEVISION INC | GTN | $10.66M | 4.5% | +132% shares |
| UGI CORP NEW | UGI | $8.24M | 3.5% | +45% shares |
| ONEMAIN HLDGS INC | OMF | $7.77M | 3.3% | unchanged |
| VIATRIS INC | VTRS | $7.71M | 3.3% | unchanged |
| CTO RLTY GROWTH INC NEW | CTO | $7.57M | 3.2% | unchanged |
| CONDUENT INC | CNDT | $6.26M | 2.7% | +72% shares |
| CHORD ENERGY CORPORATION | CHRD | $6.17M | 2.6% | unchanged |
| BRISTOL-MYERS SQUIBB CO | BMY | $6.11M | 2.6% | +35% shares |
| BUCKLE INC | BKE | $5.34M | 2.3% | -16% shares |
| STELLANTIS N.V | $5.09M | 2.2% | unchanged | |
| BOISE CASCADE CO DEL | BCC | $4.75M | 2.0% | unchanged |
| MICROSTRATEGY INC | MSTR | $4.42M | 1.9% | -70% shares |
| BUILD-A-BEAR WORKSHOP INC | BBW | $4.37M | 1.9% | -37% shares |
| FOSSIL GROUP INC | FOSL | $4.29M | 1.8% | +93% shares |
| CARLYLE GROUP INC | CG | $3.53M | 1.5% | new |
| ALLIANCE RESOURCE PARTNERS L | ARLP | $3.34M | 1.4% | +9% shares |
What changed since Q3 2024
Against the Q3 2024 filing, Miller Value Partners opened 3 new positions, added to 16, trimmed 3, left 11 unchanged and exited 0. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001085146-25-001536, filed by MILLER VALUE PARTNERS, LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.