Bill Miller - Miller Value Partners 13F Activity & Position Changes (Q1 2019)

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, 2019. 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 2019, the filing reported:

New Buys - Baidu, Inc., Carvana Co., Direxion Daily Homebuilders & S, Pitney Bowes Inc., Quad Graphics, Inc, and 3 more

Increases - American Airlines Group, Inc., ADT Inc., Bank of America Corporation, Brighthouse Financial, Inc., Citigroup, Inc., and 8 more

Reductions - Amazon.com, Inc., Barclays PLC, Bausch Health Companies Inc., Community Health Systems, Inc., Delta Air Lines, Inc., and 9 more

Complete Exits - AllianceBernstein Holding L.P., Barings BDC, Inc., Cleveland-Cliffs Inc., LG Display Co, Ltd AMERICAN DEP, SPDR S&P 500, and 2 more

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 2019	AAL American Airlines Group, Inc.	American Airlines Group, Inc.	Buy	+1,775	+0.1%	$49.06K	1,544,575
Q1 2019	AB AllianceBernstein Holding L.P.	AllianceBernstein Holding L.P.	Sell - Position Exit	-50,000	-100.0%	$0.00	-
Q1 2019	ADT ADT Inc.	ADT Inc.	Buy	+1,738,190	+18.1%	$72.45K	11,338,590
Q1 2019	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-2,712	-3.4%	$136.65K	76,736
Q1 2019	BAC Bank of America Corporation	Bank of America Corporation	Buy	+18,465	+0.9%	$59.81K	2,167,794
Q1 2019	BBDC Barings BDC, Inc.	Barings BDC, Inc.	Sell - Position Exit	-567,278	-100.0%	$0.00	-
Q1 2019	BCS Barclays PLC	Barclays PLC	Sell	-1,525	-8.3%	$134.00	16,765
Q1 2019	BHC Bausch Health Companies Inc.	Bausch Health Companies Inc.	Sell	-29,415	-0.6%	$117.90K	4,773,149
Q1 2019	BHF Brighthouse Financial, Inc.	Brighthouse Financial, Inc.	Buy	+237,823	+11.6%	$82.98K	2,286,555
Q1 2019	BIDU Baidu, Inc.	Baidu, Inc.	Buy - Position Entry	+179,150	-	$29.53K	179,150
Q1 2019	C Citigroup, Inc.	Citigroup, Inc.	Buy	+10,250	+1.6%	$40.29K	647,606
Q1 2019	CLF Cleveland-Cliffs Inc.	Cleveland-Cliffs Inc.	Sell - Position Exit	-13,263	-100.0%	$0.00	-
Q1 2019	CVNA Carvana Co.	Carvana Co.	Buy - Position Entry	+4,000	-	$232.00	4,000
Q1 2019	CYH Community Health Systems, Inc.	Community Health Systems, Inc.	Sell	-16,045	-27.1%	$161.00	43,175
Q1 2019	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Sell	-2,125	-0.1%	$73.56K	1,424,105
Q1 2019	ET Energy Transfer LP	Energy Transfer LP	Buy	+30,000	+11.3%	$4.55K	296,240
Q1 2019	GME GameStop Corporation	GameStop Corporation	Buy	+18,425	+23.1%	$998.00	98,210
Q1 2019	GNW Genworth Financial Inc	Genworth Financial Inc	Sell	-642,895	-3.0%	$78.64K	20,533,500
Q1 2019	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell	-3,291	-0.4%	$77.68K	767,395
Q1 2019	LEN Lennar Corporation	Lennar Corporation	Buy	+23,600	+1.6%	$73.09K	1,488,975
Q1 2019	LPL LG Display Co, Ltd AMERICAN DEP	LG Display Co, Ltd AMERICAN DEP	Sell - Position Exit	-11,640	-100.0%	$0.00	-
Q1 2019	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-475	-0.1%	$74.68K	448,005
Q1 2019	MU Micron Technology, Inc.	Micron Technology, Inc.	Buy	+1,174,015	+166.2%	$77.71K	1,880,315
Q1 2019	N6596X109 NXP Semiconductors	NXP Semiconductors	Buy	+23,085	+2.8%	$75.56K	854,820
Q1 2019	NAIL Direxion Daily Homebuilders & S	Direxion Daily Homebuilders & S	Buy - Position Entry	+11,000	-	$411.00	11,000
Q1 2019	NWL Newell Brands Inc.	Newell Brands Inc.	Sell	-2,126,520	-84.2%	$6.12K	399,235
Q1 2019	OMF OneMain Holdings, Inc.	OneMain Holdings, Inc.	Sell	-9,720	-0.3%	$100.86K	3,176,760
Q1 2019	PBI Pitney Bowes Inc.	Pitney Bowes Inc.	Buy - Position Entry	+2,386,325	-	$16.39K	2,386,325
Q1 2019	PHM PulteGroup, Inc.	PulteGroup, Inc.	Sell	-2,800	-0.1%	$63.52K	2,271,975
Q1 2019	QCOM QUALCOMM Incorporated	QUALCOMM Incorporated	Buy	+58,000	+10.2%	$35.75K	626,815

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