Bill Miller - Miller Value Partners 13F Activity & Position Changes (Q1 2018)

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, 2018. 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 2018, the filing reported:

New Buys - Barclays PLC, Micron Technology, Inc., ProShares UltraPro QQQ, Unisys Corporation New

Increases - Community Health Systems, Inc., Deutsche Bank, Genworth Financial Inc, Meta Platforms, Inc., Rithm Capital Corp., and 4 more

Reductions - American Airlines Group, Inc., Apple Inc., Amazon.com, Inc., Abercrombie & Fitch Company, Bank of America Corporation, and 17 more

Complete Exits - Chipotle Mexican Grill, Inc.

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 2018	AAL American Airlines Group, Inc.	American Airlines Group, Inc.	Sell	-96,450	-5.9%	$79.90K	1,537,750
Q1 2018	AAPL Apple Inc.	Apple Inc.	Sell	-897	-44.9%	$185.00	1,100
Q1 2018	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-4,612	-3.9%	$164.31K	113,528
Q1 2018	ANF Abercrombie & Fitch Company	Abercrombie & Fitch Company	Sell	-12,255	-4.3%	$6.61K	273,000
Q1 2018	BAC Bank of America Corporation	Bank of America Corporation	Sell	-131,100	-5.6%	$66.62K	2,221,264
Q1 2018	BCS Barclays PLC	Barclays PLC	Buy - Position Entry	+10,455	-	$124.00	10,455
Q1 2018	C Citigroup, Inc.	Citigroup, Inc.	Sell	-57,175	-8.0%	$44.11K	653,531
Q1 2018	CCS Century Communities, Inc.	Century Communities, Inc.	Sell	-2,000	-10.5%	$509.00	17,000
Q1 2018	CLF Cleveland-Cliffs Inc.	Cleveland-Cliffs Inc.	Sell	-7,450	-23.5%	$168.00	24,218
Q1 2018	CMG Chipotle Mexican Grill, Inc.	Chipotle Mexican Grill, Inc.	Sell - Position Exit	-1,060	-100.0%	$0.00	-
Q1 2018	CYH Community Health Systems, Inc.	Community Health Systems, Inc.	Buy	+4,775	+4.3%	$459.00	115,890
Q1 2018	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Sell	-96,835	-5.8%	$85.60K	1,561,700
Q1 2018	DB Deutsche Bank	Deutsche Bank	Buy	+2,350	+5.2%	$669.00	47,850
Q1 2018	FL Foot Locker, Inc.	Foot Locker, Inc.	Sell	-33,275	-2.4%	$62.86K	1,380,400
Q1 2018	FOSL Fossil Group, Inc.	Fossil Group, Inc.	Sell	-26,955	-52.6%	$309.00	24,325
Q1 2018	GME GameStop Corporation	GameStop Corporation	Sell	-1,065,515	-97.1%	$406.00	32,145
Q1 2018	GNW Genworth Financial Inc	Genworth Financial Inc	Buy	+586,750	+3.1%	$54.97K	19,423,255
Q1 2018	LEN Lennar Corporation	Lennar Corporation	Sell	-23,725	-1.7%	$81.70K	1,386,225
Q1 2018	MBI MBIA Inc.	MBIA Inc.	Sell	-2,400	-3.4%	$626.00	67,600
Q1 2018	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+54,205	+24.3%	$44.30K	277,270
Q1 2018	MTG MGIC Investment Corporation	MGIC Investment Corporation	Sell	-1,143,100	-28.2%	$37.81K	2,908,625
Q1 2018	MU Micron Technology, Inc.	Micron Technology, Inc.	Buy - Position Entry	+200,000	-	$10.43K	200,000
Q1 2018	OMF OneMain Holdings, Inc.	OneMain Holdings, Inc.	Sell	-77,875	-2.1%	$108.13K	3,611,660
Q1 2018	PHM PulteGroup, Inc.	PulteGroup, Inc.	Sell	-67,900	-3.1%	$63.11K	2,139,975
Q1 2018	RH RH	RH	Sell	-29,030	-2.2%	$125.12K	1,313,180
Q1 2018	RITM Rithm Capital Corp.	Rithm Capital Corp.	Buy	+42,000	+13.5%	$5.82K	353,750
Q1 2018	SFIX Stitch Fix, Inc.	Stitch Fix, Inc.	Sell	-14,757	-1.1%	$27.97K	1,379,173
Q1 2018	SPY SPDR S&P 500	SPDR S&P 500	Buy	+36,920	+73.4%	$22.95K	87,210
Q1 2018	TBT ProShares UltraShort Lehman 20	ProShares UltraShort Lehman 20	Buy	+250,000	+100.0%	$18.14K	500,000
Q1 2018	TEVA Teva Pharmaceutical Industries	Teva Pharmaceutical Industries	Buy	+1,678,860	+325.3%	$37.51K	2,194,972

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