Bill Miller - Miller Value Partners Portfolio Balances (Dec 31, 2025)

As of Dec 31, 2025, the Miller Value Partners portfolio balances reported a total equity value of $283.83M across 34 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Feb 17, 2026, providing an updated snapshot of assets under management.

The portfolio balances highlight NABORS INDUSTRIES LTD (NBR) as the single largest position, accounting for 11.5% of total equity value, followed by LINCOLN NATL CORP IND (LNC), GRAY MEDIA INC (GTN), USA TODAY CO INC (GCI), and others. Collectively, the top five holdings represent 38.5% of the portfolio, showing how capital is distributed among core positions and long-term investments.