Bill Miller - Miller Value Partners 13F Activity & Position Changes (Q1 2016)

As of Mar 31, 2016, 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 2016, the filing reported:

New Buys - None reported

Increases - Genworth Financial Inc, OneMain Holdings, Inc.

Reductions - American Airlines Group, Inc., Apple Inc., Amazon.com, Inc., Alibaba Group Holding Limited, Bank of America Corporation, and 15 more

Complete Exits - Boyd Gaming Corporation, Green Brick Partners, Inc., Netflix, Inc., QUALCOMM Incorporated, SPDR S&P 500

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 2016	AAL American Airlines Group, Inc.	American Airlines Group, Inc.	Sell	-221,500	-8.6%	$96.99K	2,365,125
Q1 2016	AAPL Apple Inc.	Apple Inc.	Sell	-85,400	-17.4%	$44.25K	406,030
Q1 2016	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-115,450	-84.1%	$12.98K	21,865
Q1 2016	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell	-25,600	-5.0%	$38.80K	490,925
Q1 2016	BAC Bank of America Corporation	Bank of America Corporation	Sell	-136,000	-3.1%	$57.48K	4,251,425
Q1 2016	BYD Boyd Gaming Corporation	Boyd Gaming Corporation	Sell - Position Exit	-3,798,250	-100.0%	$0.00	-
Q1 2016	C Citigroup, Inc.	Citigroup, Inc.	Sell	-66,500	-5.7%	$45.84K	1,098,000
Q1 2016	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Sell	-207,500	-8.1%	$115.10K	2,364,325
Q1 2016	GILD Gilead Sciences, Inc.	Gilead Sciences, Inc.	Sell	-53,900	-9.3%	$48.10K	523,675
Q1 2016	GM General Motors Company	General Motors Company	Sell	-761,550	-58.8%	$16.74K	532,625
Q1 2016	GME GameStop Corporation	GameStop Corporation	Sell	-221,800	-13.3%	$46.02K	1,450,225
Q1 2016	GNW Genworth Financial Inc	Genworth Financial Inc	Buy	+2,994,200	+23.2%	$43.48K	15,926,775
Q1 2016	GRBK Green Brick Partners, Inc.	Green Brick Partners, Inc.	Sell - Position Exit	-2,149,521	-100.0%	$0.00	-
Q1 2016	JD JD.com, Inc.	JD.com, Inc.	Sell	-100,000	-6.4%	$38.73K	1,461,550
Q1 2016	KBH KB Home	KB Home	Sell	-69,575	-1.8%	$54.51K	3,817,400
Q1 2016	LEN Lennar Corporation	Lennar Corporation	Sell	-149,600	-7.2%	$92.64K	1,915,525
Q1 2016	MTG MGIC Investment Corporation	MGIC Investment Corporation	Sell	-568,975	-6.0%	$67.95K	8,859,750
Q1 2016	N6596X109 NXP Semiconductors	NXP Semiconductors	Sell	-100,800	-9.8%	$75.34K	929,350
Q1 2016	NFLX Netflix, Inc.	Netflix, Inc.	Sell - Position Exit	-814,425	-100.0%	$0.00	-
Q1 2016	OMF OneMain Holdings, Inc.	OneMain Holdings, Inc.	Buy	+1,826,575	+225.5%	$72.32K	2,636,550
Q1 2016	PHM PulteGroup, Inc.	PulteGroup, Inc.	Sell	-293,600	-6.0%	$86.13K	4,603,625
Q1 2016	QCOM QUALCOMM Incorporated	QUALCOMM Incorporated	Sell - Position Exit	-736,465	-100.0%	$0.00	-
Q1 2016	RDN Radian Group Inc.	Radian Group Inc.	Sell	-79,100	-4.3%	$21.60K	1,742,075
Q1 2016	SPY SPDR S&P 500	SPDR S&P 500	Sell - Position Exit	-72,750	-100.0%	$0.00	-
Q1 2016	TMHC Taylor Morrison Home Corporatio	Taylor Morrison Home Corporatio	Sell	-150,300	-5.8%	$34.36K	2,433,425
Q1 2016	TPH Tri Pointe Homes, Inc.	Tri Pointe Homes, Inc.	Sell	-95,500	-4.1%	$26.20K	2,224,475
Q1 2016	UAL United Airlines Holdings, Inc.	United Airlines Holdings, Inc.	Sell	-167,100	-9.2%	$98.38K	1,643,425