Bill Miller - Miller Value Partners 13F Activity & Position Changes (Q1 2014)

According to the SEC 13F filed on Aug 14, 2026, the Miller Value Partners portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2014. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2014, the filing reported:

New Buys - Cisco Systems, Inc., Dine Brands Global, Inc. Common, GameStop Corporation, International Business Machines, PennyMac Mortgage Investment Tr, and 2 more

Increases - American Airlines Group, Inc., Apple Inc., Amazon.com, Inc., Ares Capital Corporation, Bank of America Corporation, and 18 more

Reductions - D/B/A Compass Diversified Holdi, Ford Motor Company, Essent Group, Morgan Stanley, Microsoft Corporation, and 4 more

Complete Exits - BlackRock, Inc., Brinker International, Inc., Golub Capital BDC, Inc., McDonald's Corporation

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2014	AAL American Airlines Group, Inc.	American Airlines Group, Inc.	Buy	+11,325	+0.5%	$90.81K	2,481,250
Q1 2014	AAPL Apple Inc.	Apple Inc.	Buy	+920	+1.2%	$42.54K	79,260
Q1 2014	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+470	+0.4%	$39.75K	118,165
Q1 2014	ARCC Ares Capital Corporation	Ares Capital Corporation	Buy	+117,737	+7.4%	$30.18K	1,712,700
Q1 2014	BAC Bank of America Corporation	Bank of America Corporation	Buy	+5,200	+0.1%	$68.88K	4,004,525
Q1 2014	BBY Best Buy Co., Inc.	Best Buy Co., Inc.	Buy	+1,000	+0.1%	$31.11K	1,177,850
Q1 2014	BLK BlackRock, Inc.	BlackRock, Inc.	Sell - Position Exit	-1,500	-100.0%	$0.00	-
Q1 2014	BYD Boyd Gaming Corporation	Boyd Gaming Corporation	Buy	+14,450	+0.4%	$49.91K	3,781,175
Q1 2014	C Citigroup, Inc.	Citigroup, Inc.	Buy	+148,550	+16.3%	$50.48K	1,060,575
Q1 2014	CODI D/B/A Compass Diversified Holdi	D/B/A Compass Diversified Holdi	Sell	-8,457	-17.3%	$767.00	40,543
Q1 2014	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Buy - Position Entry	+275,100	-	$6.17K	275,100
Q1 2014	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Buy	+13,025	+0.5%	$94.17K	2,717,625
Q1 2014	DIN Dine Brands Global, Inc. Common	Dine Brands Global, Inc. Common	Buy - Position Entry	+12,000	-	$937.00	12,000
Q1 2014	EARN Ellington Credit Company	Ellington Credit Company	Buy	+5,000	+6.7%	$1.35K	80,000
Q1 2014	EAT Brinker International, Inc.	Brinker International, Inc.	Sell - Position Exit	-19,000	-100.0%	$0.00	-
Q1 2014	EBAY eBay Inc.	eBay Inc.	Buy	+3,400	+0.3%	$58.75K	1,063,500
Q1 2014	F Ford Motor Company	Ford Motor Company	Sell	-4,050	-0.2%	$26.79K	1,717,435
Q1 2014	G0585R106 Assured Guaranty	Assured Guaranty	Buy	+3,675	+0.2%	$52.24K	2,063,250
Q1 2014	G3198U102 Essent Group	Essent Group	Sell	-500	-0.1%	$10.18K	453,425
Q1 2014	G4412G101 Herbalife	Herbalife	Buy	+6,300	+70.0%	$877.00	15,300
Q1 2014	GBDC Golub Capital BDC, Inc.	Golub Capital BDC, Inc.	Sell - Position Exit	-23,900	-100.0%	$0.00	-
Q1 2014	GM General Motors Company	General Motors Company	Buy	+354,750	+46.8%	$38.30K	1,112,641
Q1 2014	GME GameStop Corporation	GameStop Corporation	Buy - Position Entry	+1,210,800	-	$49.76K	1,210,800
Q1 2014	GNW Genworth Financial Inc	Genworth Financial Inc	Buy	+9,375	+0.2%	$102.31K	5,770,150
Q1 2014	HIG Hartford Financial Services Gro	Hartford Financial Services Gro	Buy	+1,575	+0.1%	$51.93K	1,472,275
Q1 2014	IBM International Business Machines	International Business Machines	Buy - Position Entry	+23,700	-	$4.56K	23,700
Q1 2014	KBH KB Home	KB Home	Buy	+75,525	+3.9%	$34.31K	2,019,250
Q1 2014	LEN Lennar Corporation	Lennar Corporation	Buy	+3,850	+0.4%	$43.07K	1,087,050
Q1 2014	MCD McDonald's Corporation	McDonald's Corporation	Sell - Position Exit	-5,700	-100.0%	$0.00	-
Q1 2014	MS Morgan Stanley	Morgan Stanley	Sell	-700	-0.1%	$22.05K	707,225

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