Bill Miller - Miller Value Partners 13F Activity & Position Changes (Q4 2016)

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 Dec 31, 2016. 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 2016, the filing reported:

New Buys - None reported

Increases - Amazon.com, Inc., Geo Group Inc (The) REIT, GameStop Corporation, Genworth Financial Inc, OneMain Holdings, Inc., and 1 more

Reductions - American Airlines Group, Inc., Apple Inc., Bank of America Corporation, Citigroup, Inc., Delta Air Lines, Inc., and 8 more

Complete Exits - JD.com, Inc., NXP Semiconductors

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 2016	AAL American Airlines Group, Inc.	American Airlines Group, Inc.	Sell	-94,125	-4.7%	$89.53K	1,917,525
Q4 2016	AAPL Apple Inc.	Apple Inc.	Sell	-2,015	-23.5%	$761.00	6,565
Q4 2016	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+95,907	+694.7%	$82.27K	109,712
Q4 2016	BAC Bank of America Corporation	Bank of America Corporation	Sell	-378,400	-9.7%	$77.87K	3,523,375
Q4 2016	C Citigroup, Inc.	Citigroup, Inc.	Sell	-93,500	-9.3%	$54.21K	912,100
Q4 2016	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Sell	-156,425	-7.8%	$91.32K	1,856,525
Q4 2016	GEO Geo Group Inc (The) REIT	Geo Group Inc (The) REIT	Buy	+60,000	+65.2%	$5.46K	152,000
Q4 2016	GILD Gilead Sciences, Inc.	Gilead Sciences, Inc.	Sell	-4,500	-1.0%	$33.37K	466,050
Q4 2016	GME GameStop Corporation	GameStop Corporation	Buy	+446,450	+38.5%	$40.58K	1,606,575
Q4 2016	GNW Genworth Financial Inc	Genworth Financial Inc	Buy	+3,350	+0.0%	$59.80K	15,695,600
Q4 2016	JD JD.com, Inc.	JD.com, Inc.	Sell - Position Exit	-1,037,500	-100.0%	$0.00	-
Q4 2016	LEN Lennar Corporation	Lennar Corporation	Sell	-5,850	-0.4%	$69.06K	1,608,700
Q4 2016	MTG MGIC Investment Corporation	MGIC Investment Corporation	Sell	-407,675	-5.0%	$78.72K	7,725,225
Q4 2016	N6596X109 NXP Semiconductors	NXP Semiconductors	Sell - Position Exit	-804,925	-100.0%	$0.00	-
Q4 2016	OMF OneMain Holdings, Inc.	OneMain Holdings, Inc.	Buy	+514,500	+18.2%	$74.06K	3,344,850
Q4 2016	PHM PulteGroup, Inc.	PulteGroup, Inc.	Sell	-418,400	-10.8%	$63.79K	3,470,750
Q4 2016	RDN Radian Group Inc.	Radian Group Inc.	Sell	-38,500	-2.4%	$27.82K	1,547,475
Q4 2016	RITM Rithm Capital Corp.	Rithm Capital Corp.	Buy	+33,000	+14.8%	$4.02K	255,750
Q4 2016	TMHC Taylor Morrison Home Corporatio	Taylor Morrison Home Corporatio	Sell	-35,200	-1.6%	$42.20K	2,191,325
Q4 2016	TPH Tri Pointe Homes, Inc.	Tri Pointe Homes, Inc.	Sell	-37,600	-1.9%	$22.85K	1,990,050
Q4 2016	UAL United Airlines Holdings, Inc.	United Airlines Holdings, Inc.	Sell	-87,325	-6.5%	$91.59K	1,256,700