Bill Miller - Miller Value Partners 13F Activity & Position Changes (Q3 2014)

As of Sep 30, 2014, 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 Q3 2014, the filing reported:

New Buys - Alibaba Group Holding Limited, HCI Group, Inc.

Increases - American Airlines Group, Inc., Apple Inc., Amazon.com, Inc., Bank of America Corporation, Best Buy Co., Inc., and 28 more

Reductions - None reported

Complete Exits - Morgan Stanley, Teradyne, 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
Q3 2014	AAL American Airlines Group, Inc.	American Airlines Group, Inc.	Buy	+66,500	+3.0%	$81.12K	2,286,275
Q3 2014	AAPL Apple Inc.	Apple Inc.	Buy	+17,500	+3.2%	$57.40K	569,690
Q3 2014	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+10,170	+8.7%	$40.79K	126,510
Q3 2014	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy - Position Entry	+25,000	-	$2.22K	25,000
Q3 2014	BAC Bank of America Corporation	Bank of America Corporation	Buy	+124,600	+3.1%	$69.69K	4,087,125
Q3 2014	BBY Best Buy Co., Inc.	Best Buy Co., Inc.	Buy	+37,200	+3.2%	$40.26K	1,198,475
Q3 2014	BYD Boyd Gaming Corporation	Boyd Gaming Corporation	Buy	+123,200	+3.3%	$39.08K	3,846,575
Q3 2014	C Citigroup, Inc.	Citigroup, Inc.	Buy	+33,100	+3.2%	$56.06K	1,081,825
Q3 2014	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Buy	+14,700	+2.5%	$15.43K	612,800
Q3 2014	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Buy	+74,000	+3.0%	$91.35K	2,526,950
Q3 2014	EBAY eBay Inc.	eBay Inc.	Buy	+27,700	+2.6%	$60.97K	1,076,600
Q3 2014	F Ford Motor Company	Ford Motor Company	Buy	+33,800	+2.2%	$22.92K	1,549,550
Q3 2014	G0585R106 Assured Guaranty	Assured Guaranty	Buy	+66,800	+3.3%	$46.51K	2,098,950
Q3 2014	GILD Gilead Sciences, Inc.	Gilead Sciences, Inc.	Buy	+20,200	+3.0%	$73.48K	690,275
Q3 2014	GM General Motors Company	General Motors Company	Buy	+25,200	+2.3%	$35.13K	1,099,900
Q3 2014	GME GameStop Corporation	GameStop Corporation	Buy	+44,500	+2.9%	$65.71K	1,594,950
Q3 2014	GNW Genworth Financial Inc	Genworth Financial Inc	Buy	+171,100	+3.2%	$72.62K	5,543,400
Q3 2014	HCI HCI Group, Inc.	HCI Group, Inc.	Buy - Position Entry	+33,000	-	$1.19K	33,000
Q3 2014	HIG Hartford Financial Services Gro	Hartford Financial Services Gro	Buy	+36,500	+2.6%	$53.43K	1,434,250
Q3 2014	HTGC Hercules Capital, Inc.	Hercules Capital, Inc.	Buy	+17,000	+32.9%	$992.00	68,600
Q3 2014	IBM International Business Machines	International Business Machines	Buy	+1,425	+2.7%	$10.23K	53,910
Q3 2014	KBH KB Home	KB Home	Buy	+63,000	+3.2%	$30.64K	2,050,625
Q3 2014	LEN Lennar Corporation	Lennar Corporation	Buy	+36,700	+3.4%	$43.05K	1,108,650
Q3 2014	MS Morgan Stanley	Morgan Stanley	Sell - Position Exit	-640,275	-100.0%	$0.00	-
Q3 2014	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+19,100	+2.6%	$34.58K	745,975
Q3 2014	MTG MGIC Investment Corporation	MGIC Investment Corporation	Buy	+266,100	+3.1%	$68.61K	8,784,550
Q3 2014	N6596X109 NXP Semiconductors	NXP Semiconductors	Buy	+80,050	+13.4%	$46.31K	676,700
Q3 2014	NFLX Netflix, Inc.	Netflix, Inc.	Buy	+4,775	+3.3%	$67.71K	150,080
Q3 2014	OLED Universal Display Corporation	Universal Display Corporation	Buy	+22,300	+2.7%	$27.66K	847,375
Q3 2014	PHM PulteGroup, Inc.	PulteGroup, Inc.	Buy	+99,600	+3.2%	$57.47K	3,254,050

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