Bill Miller - Miller Value Partners 13F Activity & Position Changes (Q4 2023)

According to the SEC 13F filed on Feb 14, 2024, the Miller Value Partners portfolio showed several notable changes in holdings as of quarter-end Dec 31, 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 Q4 2023, the filing reported:

New Buys - Boise Cascade, L.L.C., Centene Corporation

Increases - Bread Financial Holdings, Inc., Conduent Incorporated, Crocs, Inc., Fossil Group, Inc., Gray Television, Inc., and 4 more

Reductions - American Axle & Manufacturing H, Buckle, Inc. (The), Expedia Group, Inc., TechnipFMC, Gannett Co., Inc., and 6 more

Complete Exits - , , Organon & Co., B. Riley Financial, Inc.

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 2023	AXL American Axle & Manufacturing H	American Axle & Manufacturing H	Sell	-110,615	-34.7%	$1.84M	208,565
Q4 2023	BCC Boise Cascade, L.L.C.	Boise Cascade, L.L.C.	Buy - Position Entry	+5,000	-	$646.80K	5,000
Q4 2023	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Buy	+88,590	+40.4%	$10.14M	307,865
Q4 2023	BKE Buckle, Inc. (The)	Buckle, Inc. (The)	Sell	-24,700	-13.0%	$7.84M	165,000
Q4 2023	CHK		Sell - Position Exit	-29,200	-100.0%	$0.00	-
Q4 2023	CNC Centene Corporation	Centene Corporation	Buy - Position Entry	+22,000	-	$1.63M	22,000
Q4 2023	CNDT Conduent Incorporated	Conduent Incorporated	Buy	+89,125	+14.0%	$2.64M	724,600
Q4 2023	CROX Crocs, Inc.	Crocs, Inc.	Buy	+4,000	+24.2%	$1.91M	20,500
Q4 2023	DO		Sell - Position Exit	-25,000	-100.0%	$0.00	-
Q4 2023	EXPE Expedia Group, Inc.	Expedia Group, Inc.	Sell	-10,000	-66.7%	$758.95K	5,000
Q4 2023	FOSL Fossil Group, Inc.	Fossil Group, Inc.	Buy	+443,035	+79.9%	$1.46M	997,825
Q4 2023	G87110105 TechnipFMC	TechnipFMC	Sell	-840	-1.9%	$877.80K	43,585
Q4 2023	GCI Gannett Co., Inc.	Gannett Co., Inc.	Sell	-33,350	-1.3%	$5.74M	2,494,025
Q4 2023	GTN Gray Television, Inc.	Gray Television, Inc.	Buy	+70,260	+21.0%	$3.62M	404,048
Q4 2023	HRB H&R Block, Inc.	H&R Block, Inc.	Sell	-72,000	-53.3%	$3.05M	63,000
Q4 2023	JXN Jackson Financial Inc.	Jackson Financial Inc.	Sell	-20,820	-9.4%	$10.23M	199,755
Q4 2023	MBC MasterBrand, Inc.	MasterBrand, Inc.	Buy	+45,000	+75.0%	$1.56M	105,000
Q4 2023	MPW Medical Properties Trust, Inc.	Medical Properties Trust, Inc.	Buy	+365,000	+58.3%	$4.87M	991,000
Q4 2023	NBR Nabors Industries	Nabors Industries	Buy	+16,960	+34.9%	$5.36M	65,611
Q4 2023	OGN Organon & Co.	Organon & Co.	Sell - Position Exit	-272,000	-100.0%	$0.00	-
Q4 2023	QUAD Quad Graphics, Inc	Quad Graphics, Inc	Sell	-3,225	-0.2%	$8.68M	1,600,750
Q4 2023	RILY B. Riley Financial, Inc.	B. Riley Financial, Inc.	Sell - Position Exit	-115,300	-100.0%	$0.00	-
Q4 2023	T AT&T Inc.	AT&T Inc.	Buy	+37,000	+7.2%	$9.26M	552,000
Q4 2023	TEVA Teva Pharmaceutical Industries	Teva Pharmaceutical Industries	Sell	-825	-5.8%	$139.90K	13,400
Q4 2023	TPC Tutor Perini Corporation	Tutor Perini Corporation	Sell	-1,370	-0.6%	$2.08M	228,715
Q4 2023	WAL Western Alliance Bancorporation	Western Alliance Bancorporation	Sell	-8,469	-4.6%	$11.49M	174,640