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

As of Mar 31, 2019, 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 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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