Bill Miller - Miller Value Partners 13F Activity & Position Changes (Q4 2018)

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, 2018. 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 2018, the filing reported:

New Buys - Energy Transfer LP, abrdn Physical Platinum Shares

Increases - ADT Inc., Barclays PLC, Brighthouse Financial, Inc., GameStop Corporation, Genworth Financial Inc, and 11 more

Reductions - American Airlines Group, Inc., Amazon.com, Inc., Bank of America Corporation, Bausch Health Companies Inc., Citigroup, Inc., and 12 more

Complete Exits - Carvana Co., Deutsche Bank, Eventbrite, Inc., MBIA Inc., Direxion Daily Homebuilders & S, 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
Q4 2018	AAL American Airlines Group, Inc.	American Airlines Group, Inc.	Sell	-4,425	-0.3%	$49.54K	1,542,800
Q4 2018	ADT ADT Inc.	ADT Inc.	Buy	+124,975	+1.3%	$57.70K	9,600,400
Q4 2018	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-17,174	-17.8%	$119.33K	79,448
Q4 2018	BAC Bank of America Corporation	Bank of America Corporation	Sell	-35,700	-1.6%	$52.96K	2,149,329
Q4 2018	BCS Barclays PLC	Barclays PLC	Buy	+1,745	+10.5%	$138.00	18,290
Q4 2018	BHC Bausch Health Companies Inc.	Bausch Health Companies Inc.	Sell	-125,255	-2.5%	$88.70K	4,802,564
Q4 2018	BHF Brighthouse Financial, Inc.	Brighthouse Financial, Inc.	Buy	+184,325	+9.9%	$62.45K	2,048,732
Q4 2018	C Citigroup, Inc.	Citigroup, Inc.	Sell	-9,975	-1.5%	$33.18K	637,356
Q4 2018	CHGG Chegg, Inc.	Chegg, Inc.	Sell	-50,000	-9.1%	$14.21K	500,000
Q4 2018	CLF Cleveland-Cliffs Inc.	Cleveland-Cliffs Inc.	Sell	-4,830	-26.7%	$102.00	13,263
Q4 2018	CVNA Carvana Co.	Carvana Co.	Sell - Position Exit	-4,000	-100.0%	$0.00	-
Q4 2018	CYH Community Health Systems, Inc.	Community Health Systems, Inc.	Sell	-86,845	-59.5%	$167.00	59,220
Q4 2018	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Sell	-107,200	-7.0%	$71.17K	1,426,230
Q4 2018	DB Deutsche Bank	Deutsche Bank	Sell - Position Exit	-19,990	-100.0%	$0.00	-
Q4 2018	EB Eventbrite, Inc.	Eventbrite, Inc.	Sell - Position Exit	-96,750	-100.0%	$0.00	-
Q4 2018	ET Energy Transfer LP	Energy Transfer LP	Buy - Position Entry	+266,240	-	$3.52K	266,240
Q4 2018	GME GameStop Corporation	GameStop Corporation	Buy	+17,110	+27.3%	$1.01K	79,785
Q4 2018	GNW Genworth Financial Inc	Genworth Financial Inc	Buy	+12,190	+0.1%	$98.68K	21,176,395
Q4 2018	HALO Halozyme Therapeutics, Inc.	Halozyme Therapeutics, Inc.	Sell	-150,000	-88.2%	$293.00	20,000
Q4 2018	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Buy	+429	+0.1%	$75.23K	770,686
Q4 2018	LEN Lennar Corporation	Lennar Corporation	Buy	+75,700	+5.4%	$57.37K	1,465,375
Q4 2018	LPL LG Display Co, Ltd AMERICAN DEP	LG Display Co, Ltd AMERICAN DEP	Sell	-3,860	-24.9%	$95.00	11,640
Q4 2018	MBI MBIA Inc.	MBIA Inc.	Sell - Position Exit	-67,600	-100.0%	$0.00	-
Q4 2018	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-101,000	-18.4%	$58.79K	448,480
Q4 2018	MU Micron Technology, Inc.	Micron Technology, Inc.	Buy	+506,300	+253.1%	$22.41K	706,300
Q4 2018	N6596X109 NXP Semiconductors	NXP Semiconductors	Buy	+107,365	+14.8%	$60.95K	831,735
Q4 2018	NAIL Direxion Daily Homebuilders & S	Direxion Daily Homebuilders & S	Sell - Position Exit	-60,000	-100.0%	$0.00	-
Q4 2018	NGL NGL ENERGY PARTNERS LP	NGL ENERGY PARTNERS LP	Buy	+85,000	+21.8%	$4.55K	475,000
Q4 2018	NWL Newell Brands Inc.	Newell Brands Inc.	Buy	+60,195	+2.4%	$46.95K	2,525,755
Q4 2018	OMF OneMain Holdings, Inc.	OneMain Holdings, Inc.	Buy	+16,225	+0.5%	$77.40K	3,186,480

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