Bill Miller - Miller Value Partners 13F Activity & Position Changes (Q3 2023)

According to the SEC 13F filed on Nov 14, 2023, the Miller Value Partners portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2023. 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 2023, the filing reported:

New Buys - Expedia Group, Inc., Fossil Group, Inc., H&R Block, Inc.

Increases - Bread Financial Holdings, Inc., Conduent Incorporated, Gray Television, Inc., Jackson Financial Inc., Organon & Co., and 1 more

Reductions - Airbnb, Inc., Alliance Resource Partners, L.P, Atkore Inc., American Axle & Manufacturing H, Builders FirstSource, Inc., and 13 more

Complete Exits - Cleveland-Cliffs Inc., Camping World Holdings, Inc., VALE S.A.

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 2023	ABNB Airbnb, Inc.	Airbnb, Inc.	Sell	-3,500	-36.8%	$823.26K	6,000
Q3 2023	ARLP Alliance Resource Partners, L.P	Alliance Resource Partners, L.P	Sell	-68,000	-31.3%	$3.36M	149,000
Q3 2023	ATKR Atkore Inc.	Atkore Inc.	Sell	-1,000	-20.0%	$596.76K	4,000
Q3 2023	AXL American Axle & Manufacturing H	American Axle & Manufacturing H	Sell	-69,420	-17.9%	$2.32M	319,180
Q3 2023	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Buy	+193,550	+752.4%	$7.50M	219,275
Q3 2023	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Sell	-4,000	-23.5%	$1.62M	13,000
Q3 2023	BZH Beazer Homes USA, Inc.	Beazer Homes USA, Inc.	Sell	-12,000	-34.3%	$572.93K	23,000
Q3 2023	CLF Cleveland-Cliffs Inc.	Cleveland-Cliffs Inc.	Sell - Position Exit	-12,098	-100.0%	$0.00	-
Q3 2023	CNDT Conduent Incorporated	Conduent Incorporated	Buy	+220,375	+53.1%	$2.21M	635,475
Q3 2023	CTO CTO Realty Growth, Inc.	CTO Realty Growth, Inc.	Sell	-8,000	-1.8%	$6.95M	428,900
Q3 2023	CWH Camping World Holdings, Inc.	Camping World Holdings, Inc.	Sell - Position Exit	-67,000	-100.0%	$0.00	-
Q3 2023	EXPE Expedia Group, Inc.	Expedia Group, Inc.	Buy - Position Entry	+15,000	-	$1.55M	15,000
Q3 2023	FOSL Fossil Group, Inc.	Fossil Group, Inc.	Buy - Position Entry	+554,790	-	$1.14M	554,790
Q3 2023	G87110105 TechnipFMC	TechnipFMC	Sell	-1,185	-2.6%	$903.60K	44,425
Q3 2023	GTN Gray Television, Inc.	Gray Television, Inc.	Buy	+156,398	+88.2%	$2.31M	333,788
Q3 2023	HRB H&R Block, Inc.	H&R Block, Inc.	Buy - Position Entry	+135,000	-	$5.81M	135,000
Q3 2023	JXN Jackson Financial Inc.	Jackson Financial Inc.	Buy	+5,525	+2.6%	$8.43M	220,575
Q3 2023	MBC MasterBrand, Inc.	MasterBrand, Inc.	Sell	-25,000	-29.4%	$729.00K	60,000
Q3 2023	MED MEDIFAST INC	MEDIFAST INC	Sell	-2,700	-6.0%	$3.15M	42,100
Q3 2023	MPW Medical Properties Trust, Inc.	Medical Properties Trust, Inc.	Sell	-30,000	-4.6%	$3.41M	626,000
Q3 2023	NBR Nabors Industries	Nabors Industries	Sell	-1,355	-2.7%	$5.99M	48,651
Q3 2023	OGN Organon & Co.	Organon & Co.	Buy	+50,000	+22.5%	$4.72M	272,000
Q3 2023	OMF OneMain Holdings, Inc.	OneMain Holdings, Inc.	Sell	-19,700	-10.8%	$6.49M	162,000
Q3 2023	PBI Pitney Bowes Inc.	Pitney Bowes Inc.	Sell	-121,470	-73.9%	$129.36K	42,834
Q3 2023	RILY B. Riley Financial, Inc.	B. Riley Financial, Inc.	Sell	-17,000	-12.8%	$4.73M	115,300
Q3 2023	T AT&T Inc.	AT&T Inc.	Buy	+365,000	+243.3%	$7.74M	515,000
Q3 2023	TEVA Teva Pharmaceutical Industries	Teva Pharmaceutical Industries	Sell	-67,912	-82.7%	$145.09K	14,225
Q3 2023	TPC Tutor Perini Corporation	Tutor Perini Corporation	Sell	-148,487	-39.2%	$1.80M	230,085
Q3 2023	VALE VALE S.A.	VALE S.A.	Sell - Position Exit	-115,001	-100.0%	$0.00	-
Q3 2023	VTRS Viatris Inc.	Viatris Inc.	Sell	-114,000	-13.8%	$7.02M	711,500