Bill Miller - Miller Value Partners 13F Activity & Position Changes (Q4 2013)

As of Dec 31, 2013, 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 Q4 2013, the filing reported:

New Buys - American Airlines Group, Inc., StoneCastle Financial Corp, eBay Inc., Essent Group

Increases - Apple Inc., Amazon.com, Inc., Bank of America Corporation, Best Buy Co., Inc., Boyd Gaming Corporation, and 16 more

Reductions - Ares Capital Corporation, Delta Air Lines, Inc., Genworth Financial Inc, MGIC Investment Corporation, Netflix, Inc., and 1 more

Complete Exits - PennantPark Investment Corporat, SLR Investment Corp.

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
Q4 2013	AAL American Airlines Group, Inc.	American Airlines Group, Inc.	Buy - Position Entry	+2,469,925	-	$62.37K	2,469,925
Q4 2013	AAPL Apple Inc.	Apple Inc.	Buy	+3,720	+5.0%	$43.95K	78,340
Q4 2013	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+4,440	+3.9%	$46.94K	117,695
Q4 2013	ARCC Ares Capital Corporation	Ares Capital Corporation	Sell	-74,000	-4.4%	$28.34K	1,594,963
Q4 2013	BAC Bank of America Corporation	Bank of America Corporation	Buy	+36,450	+0.9%	$62.27K	3,999,325
Q4 2013	BANX StoneCastle Financial Corp	StoneCastle Financial Corp	Buy - Position Entry	+24,000	-	$590.00	24,000
Q4 2013	BBY Best Buy Co., Inc.	Best Buy Co., Inc.	Buy	+44,825	+4.0%	$46.93K	1,176,850
Q4 2013	BYD Boyd Gaming Corporation	Boyd Gaming Corporation	Buy	+143,525	+4.0%	$42.41K	3,766,725
Q4 2013	C Citigroup, Inc.	Citigroup, Inc.	Buy	+34,525	+3.9%	$47.53K	912,025
Q4 2013	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Sell	-12,675	-0.5%	$74.30K	2,704,600
Q4 2013	EBAY eBay Inc.	eBay Inc.	Buy - Position Entry	+1,060,100	-	$58.16K	1,060,100
Q4 2013	F Ford Motor Company	Ford Motor Company	Buy	+67,625	+4.1%	$26.56K	1,721,485
Q4 2013	G0585R106 Assured Guaranty	Assured Guaranty	Buy	+78,150	+3.9%	$48.59K	2,059,575
Q4 2013	G3198U102 Essent Group	Essent Group	Buy - Position Entry	+453,925	-	$10.92K	453,925
Q4 2013	GM General Motors Company	General Motors Company	Buy	+142,800	+23.2%	$30.98K	757,891
Q4 2013	GNW Genworth Financial Inc	Genworth Financial Inc	Sell	-13,200	-0.2%	$89.47K	5,760,775
Q4 2013	HIG Hartford Financial Services Gro	Hartford Financial Services Gro	Buy	+55,450	+3.9%	$53.28K	1,470,700
Q4 2013	KBH KB Home	KB Home	Buy	+133,675	+7.4%	$35.53K	1,943,725
Q4 2013	LEN Lennar Corporation	Lennar Corporation	Buy	+154,325	+16.6%	$42.85K	1,083,200
Q4 2013	MS Morgan Stanley	Morgan Stanley	Buy	+28,550	+4.2%	$22.20K	707,925
Q4 2013	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+255,600	+53.1%	$27.56K	736,675
Q4 2013	MTG MGIC Investment Corporation	MGIC Investment Corporation	Sell	-11,875	-0.1%	$74.44K	8,819,550
Q4 2013	N6596X109 NXP Semiconductors	NXP Semiconductors	Buy	+137,825	+35.7%	$24.08K	524,300
Q4 2013	NFLX Netflix, Inc.	Netflix, Inc.	Sell	-27,250	-13.4%	$64.98K	176,500
Q4 2013	OLED Universal Display Corporation	Universal Display Corporation	Buy	+33,125	+4.1%	$28.76K	837,000
Q4 2013	PBI Pitney Bowes Inc.	Pitney Bowes Inc.	Sell	-22,100	-49.6%	$525.00	22,500
Q4 2013	PHM PulteGroup, Inc.	PulteGroup, Inc.	Buy	+117,025	+3.9%	$63.51K	3,117,675
Q4 2013	PNNT PennantPark Investment Corporat	PennantPark Investment Corporat	Sell - Position Exit	-54,860	-100.0%	$0.00	-
Q4 2013	RDN Radian Group Inc.	Radian Group Inc.	Buy	+66,800	+4.2%	$23.53K	1,666,300
Q4 2013	SLRC SLR Investment Corp.	SLR Investment Corp.	Sell - Position Exit	-17,000	-100.0%	$0.00	-

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