Bill Miller - Miller Value Partners 13F Activity & Position Changes (Q4 2024)

As of Dec 31, 2024, the Miller Value Partners portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 14, 2025. 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 2024, the filing reported:

New Buys - Atkore Inc., The Carlyle Group Inc., Semler Scientific, Inc.

Increases - Alliance Resource Partners, L.P, American Axle & Manufacturing H, Bread Financial Holdings, Inc., Bristol-Myers Squibb Company, Conduent Incorporated, and 11 more

Reductions - Build-A-Bear Workshop, Inc., Buckle, Inc. (The), MicroStrategy Incorporated

Complete Exits - None reported

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 2024	ARLP Alliance Resource Partners, L.P	Alliance Resource Partners, L.P	Buy	+10,000	+8.5%	$3.34M	127,000
Q4 2024	ATKR Atkore Inc.	Atkore Inc.	Buy - Position Entry	+37,000	-	$3.09M	37,000
Q4 2024	AXL American Axle & Manufacturing H	American Axle & Manufacturing H	Buy	+295,950	+126.7%	$3.09M	529,590
Q4 2024	BBW Build-A-Bear Workshop, Inc.	Build-A-Bear Workshop, Inc.	Sell	-55,000	-36.7%	$4.37M	95,000
Q4 2024	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Buy	+45,520	+17.6%	$18.57M	304,050
Q4 2024	BKE Buckle, Inc. (The)	Buckle, Inc. (The)	Sell	-20,000	-16.0%	$5.34M	105,000
Q4 2024	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Buy	+28,000	+35.0%	$6.11M	108,000
Q4 2024	CG The Carlyle Group Inc.	The Carlyle Group Inc.	Buy - Position Entry	+70,000	-	$3.53M	70,000
Q4 2024	CNDT Conduent Incorporated	Conduent Incorporated	Buy	+648,325	+72.0%	$6.26M	1,549,260
Q4 2024	FOSL Fossil Group, Inc.	Fossil Group, Inc.	Buy	+1,237,880	+92.9%	$4.29M	2,571,080
Q4 2024	GCI Gannett Co., Inc.	Gannett Co., Inc.	Buy	+1,025,190	+74.8%	$12.13M	2,396,625
Q4 2024	GTN Gray Television, Inc.	Gray Television, Inc.	Buy	+1,926,330	+132.1%	$10.66M	3,384,450
Q4 2024	JXN Jackson Financial Inc.	Jackson Financial Inc.	Buy	+7,035	+5.4%	$11.96M	137,370
Q4 2024	LNC Lincoln National Corporation	Lincoln National Corporation	Buy	+110,470	+28.8%	$15.65M	493,685
Q4 2024	MSTR MicroStrategy Incorporated	MicroStrategy Incorporated	Sell	-35,000	-69.7%	$4.42M	15,250
Q4 2024	NBR Nabors Industries	Nabors Industries	Buy	+140,230	+99.5%	$16.08M	281,195
Q4 2024	QUAD Quad Graphics, Inc	Quad Graphics, Inc	Buy	+634,315	+33.7%	$17.55M	2,518,130
Q4 2024	SMLR Semler Scientific, Inc.	Semler Scientific, Inc.	Buy - Position Entry	+43,000	-	$2.32M	43,000
Q4 2024	TPC Tutor Perini Corporation	Tutor Perini Corporation	Buy	+21,240	+38.8%	$1.84M	76,040
Q4 2024	UGI UGI Corporation	UGI Corporation	Buy	+90,000	+44.6%	$8.24M	292,000
Q4 2024	UNFI United Natural Foods, Inc.	United Natural Foods, Inc.	Buy	+141,385	+52.1%	$11.27M	412,500
Q4 2024	WAL Western Alliance Bancorporation	Western Alliance Bancorporation	Buy	+8,165	+6.1%	$11.79M	141,110