Bill Miller - Miller Value Partners 13F Activity & Position Changes (Q1 2015)

As of Mar 31, 2015, the Miller Value Partners portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. 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 2015, the filing reported:

New Buys - JD.com, Inc.

Increases - American Airlines Group, Inc., Bank of America Corporation, Citigroup, Inc., Delta Air Lines, Inc., General Motors Company, and 6 more

Reductions - Apple Inc., Amazon.com, Inc., Alibaba Group Holding Limited, Best Buy Co., Inc., Boyd Gaming Corporation, and 9 more

Complete Exits - Ares Capital Corporation, McDonald's Corporation, Oxford Lane Capital Corp., Philip Morris International Inc, Banco Santander, S.A. Sponsored

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 2015	AAL American Airlines Group, Inc.	American Airlines Group, Inc.	Buy	+3,200	+0.1%	$126.91K	2,404,425
Q1 2015	AAPL Apple Inc.	Apple Inc.	Sell	-1,560	-0.3%	$59.51K	478,230
Q1 2015	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-600	-0.5%	$47.75K	128,325
Q1 2015	ARCC Ares Capital Corporation	Ares Capital Corporation	Sell - Position Exit	-82,800	-100.0%	$0.00	-
Q1 2015	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell	-239,200	-47.0%	$22.43K	269,400
Q1 2015	BAC Bank of America Corporation	Bank of America Corporation	Buy	+3,800	+0.1%	$62.80K	4,080,225
Q1 2015	BBY Best Buy Co., Inc.	Best Buy Co., Inc.	Sell	-716,350	-59.9%	$18.12K	479,425
Q1 2015	BYD Boyd Gaming Corporation	Boyd Gaming Corporation	Sell	-125,300	-3.3%	$52.63K	3,706,675
Q1 2015	C Citigroup, Inc.	Citigroup, Inc.	Buy	+2,825	+0.3%	$55.73K	1,081,800
Q1 2015	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Buy	+3,000	+0.1%	$108.09K	2,404,225
Q1 2015	EBAY eBay Inc.	eBay Inc.	Sell	-120,525	-14.3%	$41.52K	719,750
Q1 2015	GILD Gilead Sciences, Inc.	Gilead Sciences, Inc.	Sell	-149,575	-21.7%	$52.90K	539,100
Q1 2015	GM General Motors Company	General Motors Company	Buy	+4,000	+0.4%	$41.40K	1,103,900
Q1 2015	GME GameStop Corporation	GameStop Corporation	Sell	-5,600	-0.4%	$60.33K	1,589,350
Q1 2015	GNW Genworth Financial Inc	Genworth Financial Inc	Sell	-20,200	-0.2%	$75.65K	10,348,925
Q1 2015	JD JD.com, Inc.	JD.com, Inc.	Buy - Position Entry	+751,025	-	$22.07K	751,025
Q1 2015	KBH KB Home	KB Home	Buy	+114,300	+4.2%	$44.20K	2,829,350
Q1 2015	LEN Lennar Corporation	Lennar Corporation	Sell	-4,600	-0.3%	$94.80K	1,829,700
Q1 2015	MCD McDonald's Corporation	McDonald's Corporation	Sell - Position Exit	-10,900	-100.0%	$0.00	-
Q1 2015	MTG MGIC Investment Corporation	MGIC Investment Corporation	Buy	+6,000	+0.1%	$84.40K	8,763,825
Q1 2015	N6596X109 NXP Semiconductors	NXP Semiconductors	Sell	-135,500	-12.4%	$96.25K	959,025
Q1 2015	NFLX Netflix, Inc.	Netflix, Inc.	Buy	+75	+0.1%	$62.43K	149,815
Q1 2015	OXLC Oxford Lane Capital Corp.	Oxford Lane Capital Corp.	Sell - Position Exit	-65,000	-100.0%	$0.00	-
Q1 2015	PHM PulteGroup, Inc.	PulteGroup, Inc.	Sell	-16,800	-0.4%	$90.83K	4,086,050
Q1 2015	PM Philip Morris International Inc	Philip Morris International Inc	Sell - Position Exit	-12,700	-100.0%	$0.00	-
Q1 2015	PMT PennyMac Mortgage Investment Tr	PennyMac Mortgage Investment Tr	Buy	+49,500	+54.7%	$2.98K	140,000
Q1 2015	QCOM QUALCOMM Incorporated	QUALCOMM Incorporated	Sell	-182,450	-17.6%	$59.25K	854,440
Q1 2015	RITM Rithm Capital Corp.	Rithm Capital Corp.	Buy	+100,000	+228.6%	$2.16K	143,750
Q1 2015	SAN Banco Santander, S.A. Sponsored	Banco Santander, S.A. Sponsored	Sell - Position Exit	-105,034	-100.0%	$0.00	-
Q1 2015	TPVG TriplePoint Venture Growth BDC	TriplePoint Venture Growth BDC	Buy	+1,169	+1.1%	$1.57K	111,169

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