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

As of Dec 31, 2023, the Miller Value Partners portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 14, 2024. 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