Bill Miller - Miller Value Partners 13F Activity & Position Changes (Q4 2019)

As of Dec 31, 2019, 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 2019, the filing reported:

New Buys - CNX Resources Corporation, DXC Technology Company, Gannett Co., Inc., Under Armour, Inc.

Increases - American Airlines Group, Inc., Antero Resources Corporation, Alibaba Group Holding Limited, Chemours Company (The), Cleveland-Cliffs Inc., and 14 more

Reductions - ADT Inc., Amazon.com, Inc., Abercrombie & Fitch Company, Bank of America Corporation, Bausch Health Companies Inc., and 13 more

Complete Exits - Barclays PLC, Direxion Daily Homebuilders & S, PulteGroup, Inc., abrdn Physical Platinum Shares , Western Digital Corporation

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 2019	AAL American Airlines Group, Inc.	American Airlines Group, Inc.	Buy	+514,600	+23.5%	$77.51K	2,702,650
Q4 2019	ADT ADT Inc.	ADT Inc.	Sell	-482,015	-3.0%	$124.69K	15,724,410
Q4 2019	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-5,320	-8.1%	$111.85K	60,531
Q4 2019	ANF Abercrombie & Fitch Company	Abercrombie & Fitch Company	Sell	-4,800	-1.0%	$7.94K	459,000
Q4 2019	AR Antero Resources Corporation	Antero Resources Corporation	Buy	+21,775	+39.7%	$218.00	76,630
Q4 2019	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+30,925	+11.9%	$61.66K	290,720
Q4 2019	BAC Bank of America Corporation	Bank of America Corporation	Sell	-374,955	-17.3%	$63.29K	1,796,954
Q4 2019	BCS Barclays PLC	Barclays PLC	Sell - Position Exit	-10,200	-100.0%	$0.00	-
Q4 2019	BHC Bausch Health Companies Inc.	Bausch Health Companies Inc.	Sell	-619,460	-13.7%	$116.60K	3,896,929
Q4 2019	BHF Brighthouse Financial, Inc.	Brighthouse Financial, Inc.	Sell	-54,000	-2.4%	$87.64K	2,233,950
Q4 2019	C Citigroup, Inc.	Citigroup, Inc.	Sell	-900	-0.1%	$51.95K	650,331
Q4 2019	CC Chemours Company (The)	Chemours Company (The)	Buy	+109,800	+46.1%	$6.30K	348,185
Q4 2019	CLF Cleveland-Cliffs Inc.	Cleveland-Cliffs Inc.	Buy	+2,445	+24.0%	$106.00	12,623
Q4 2019	CNX CNX Resources Corporation	CNX Resources Corporation	Buy - Position Entry	+18,765	-	$166.00	18,765
Q4 2019	CVS CVS Health Corporation	CVS Health Corporation	Sell	-350	-0.0%	$56.40K	759,225
Q4 2019	CYH Community Health Systems, Inc.	Community Health Systems, Inc.	Sell	-38,590	-53.2%	$98.00	33,960
Q4 2019	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Sell	-66,630	-5.4%	$68.03K	1,163,300
Q4 2019	DOMO Domo, Inc.	Domo, Inc.	Buy	+16,000	+100.0%	$695.00	32,000
Q4 2019	DXC DXC Technology Company	DXC Technology Company	Buy - Position Entry	+8,250	-	$310.00	8,250
Q4 2019	EB Eventbrite, Inc.	Eventbrite, Inc.	Buy	+122,500	+6.0%	$43.88K	2,175,700
Q4 2019	ET Energy Transfer LP	Energy Transfer LP	Buy	+806,725	+272.3%	$14.15K	1,102,965
Q4 2019	GCI Gannett Co., Inc.	Gannett Co., Inc.	Buy - Position Entry	+140,400	-	$896.00	140,400
Q4 2019	GME GameStop Corporation	GameStop Corporation	Sell	-31,500	-15.6%	$1.03K	169,980
Q4 2019	GNW Genworth Financial Inc	Genworth Financial Inc	Sell	-1,077,005	-5.5%	$82.12K	18,663,420
Q4 2019	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell	-110,331	-17.0%	$75.21K	539,530
Q4 2019	MED MEDIFAST INC	MEDIFAST INC	Buy	+244,609	+36.0%	$101.27K	924,124
Q4 2019	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-13,465	-3.5%	$76.70K	373,710
Q4 2019	MU Micron Technology, Inc.	Micron Technology, Inc.	Buy	+1,320	+0.1%	$87.74K	1,631,500
Q4 2019	N6596X109 NXP Semiconductors	NXP Semiconductors	Sell	-126,875	-18.9%	$69.12K	543,110
Q4 2019	NAIL Direxion Daily Homebuilders & S	Direxion Daily Homebuilders & S	Sell - Position Exit	-11,000	-100.0%	$0.00	-

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