Bill Miller - Miller Value Partners Portfolio Holdings
As of Sep 30, 2025, the Miller Value Partners portfolio holdings is valued at approximately $272,156,925.00 featuring 36 publicly traded holdings. This in-depth profile highlights the top investments led by NABORS INDUSTRIES LTD (NBR), LINCOLN NATL CORP IND (LNC), GRAY MEDIA INC (GTN), QUAD / GRAPHICS INC (QUAD), and others based on the company's latest SEC filings reported on Nov 14, 2025. Explore insights into portfolio composition, sector allocation, and recent trade activity.
Miller Value Partners's stock portfolio spans 36 holdings across 12 sectors, with a total market value of $272,156,925.00. The Financial Services sector represents the largest allocation, while the top holdings account for nearly 57% of the total portfolio value. NABORS INDUSTRIES LTD remains the single largest position at 10.1% of all equity investments.
Complete Holdings
Showing 36 of 36 holdings.
| # | Company | Symbol | Sector | Portfolio % | Shares | Reported Price | Change (Shares) | Change % | Value |
|---|---|---|---|---|---|---|---|---|---|
| 1 | NABORS INDUSTRIES LTD | NBR | Other | 10.11% | 673,095 | $40.87 | +48,995 | +7.85% | $27,509,393.00 |
| 2 | LINCOLN NATL CORP IND | LNC | Financial Services | 7.72% | 520,676 | $40.33 | -48,804 | -8.57% | $20,998,863.00 |
| 3 | GRAY MEDIA INC | GTN | Communication Services | 7.56% | 3,558,215 | $5.78 | -89,590 | -2.46% | $20,566,483.00 |
| 4 | QUAD / GRAPHICS INC | QUAD | Industrials | 6.03% | 2,623,475 | $6.26 | -86,905 | -3.21% | $16,422,953.00 |
| 5 | BREAD FINANCIAL HOLDINGS INC | BFH | Financial Services | 5.53% | 270,010 | $55.77 | -57,375 | -17.53% | $15,058,458.00 |
| 6 | GANNETT CO INC | GCI | Communication Services | 5.16% | 3,403,265 | $4.13 | +118,755 | +3.62% | $14,055,484.00 |
| 7 | CONDUENT INC | CNDT | Technology | 4.15% | 4,030,825 | $2.80 | +1,275,600 | +46.30% | $11,286,310.00 |
| 8 | AMERICAN AXLE & MFG HLDGS IN | AXL | Consumer Cyclical | 3.79% | 1,717,095 | $6.01 | +277,175 | +19.25% | $10,319,741.00 |
| 9 | JELD-WEN HLDG INC | JELD | Industrials | 3.73% | 2,068,840 | $4.91 | +194,420 | +10.37% | $10,158,004.00 |
| 10 | JACKSON FINANCIAL INC | JXN | Financial Services | 3.49% | 93,825 | $101.23 | -31,170 | -24.94% | $9,497,905.00 |
| 11 | UGI CORP NEW | UGI | Utilities | 3.20% | 262,000 | $33.26 | -30,000 | -10.27% | $8,714,120.00 |
| 12 | VERIZON COMMUNICATIONS INC | VZ | Communication Services | 3.20% | 198,000 | $43.95 | - | - | $8,702,100.00 |
| 13 | FOSSIL GROUP INC | FOSL | Consumer Cyclical | 3.14% | 3,326,395 | $2.57 | -143,332 | -4.13% | $8,548,835.00 |
| 14 | ITURAN LOCATION AND CONTROL | M6158M104 | Other | 2.82% | 215,000 | $35.72 | +215,000 | +100.00% | $7,679,800.00 |
| 15 | UNITED PARCEL SERVICE INC | UPS | Industrials | 2.66% | 86,600 | $83.53 | +86,600 | +100.00% | $7,233,698.00 |
| 16 | CTO RLTY GROWTH INC NEW | CTO | Real Estate | 2.57% | 429,145 | $16.30 | +30,000 | +7.52% | $6,995,063.00 |
| 17 | BUILD-A-BEAR WORKSHOP INC | BBW | Consumer Cyclical | 2.35% | 98,000 | $65.21 | -7,000 | -6.67% | $6,390,580.00 |
| 18 | VIATRIS INC | VTRS | Healthcare | 2.25% | 619,000 | $9.90 | - | - | $6,128,100.00 |
| 19 | CAL MAINE FOODS INC | CALM | Consumer Defensive | 2.14% | 62,000 | $94.10 | +62,000 | +100.00% | $5,834,200.00 |
| 20 | WESTERN ALLIANCE BANCORP | WAL | Financial Services | 2.02% | 63,455 | $86.72 | -20,000 | -23.97% | $5,502,818.00 |
| 21 | CHORD ENERGY CORPORATION | CHRD | Energy | 1.93% | 52,766 | $99.37 | - | - | $5,243,357.00 |
| 22 | ONEMAIN HLDGS INC | OMF | Financial Services | 1.91% | 91,941 | $56.46 | -57,059 | -38.29% | $5,190,989.00 |
| 23 | STRATEGY INC | MSTR | Technology | 1.81% | 15,250 | $322.21 | - | - | $4,913,702.00 |
| 24 | BRISTOL-MYERS SQUIBB CO | BMY | Healthcare | 1.79% | 108,000 | $45.10 | - | - | $4,870,800.00 |
| 25 | BUCKLE INC | BKE | Consumer Cyclical | 1.55% | 72,000 | $58.66 | -33,000 | -31.43% | $4,223,520.00 |
| 26 | STELLANTIS N.V | STLA | Other | 1.34% | 390,000 | $9.34 | - | - | $3,642,600.00 |
| 27 | ALLIANCE RESOURCE PARTNERS L | ARLP | Energy | 1.18% | 127,000 | $25.29 | - | - | $3,211,195.00 |
| 28 | BOISE CASCADE CO DEL | BCC | Basic Materials | 1.05% | 37,000 | $77.32 | -3,000 | -7.50% | $2,860,840.00 |
| 29 | UNITED NAT FOODS INC | UNFI | Consumer Defensive | 1.02% | 73,445 | $37.62 | -63,960 | -46.55% | $2,763,001.00 |
| 30 | CARLYLE GROUP INC | CG | Financial Services | 0.92% | 40,000 | $62.70 | -30,000 | -42.86% | $2,508,000.00 |
| 31 | LYONDELLBASELL INDUSTRIES N | LYB | Other | 0.68% | 38,000 | $49.04 | - | - | $1,863,520.00 |
| 32 | SEMLER SCIENTIFIC INC | SMLR | Healthcare | 0.58% | 53,000 | $30.00 | - | - | $1,590,000.00 |
| 33 | UPBOUND GROUP INC | UPBD | Technology | 0.17% | 20,000 | $23.63 | -35,044 | -63.67% | $472,600.00 |
| 34 | TOTALENERGIES SE | TTE | Energy | 0.17% | 7,650 | $59.69 | - | - | $456,628.00 |
| 35 | TUTOR PERINI CORP | TPC | Industrials | 0.16% | 6,815 | $65.59 | -6,095 | -47.21% | $446,996.00 |
| 36 | TECHNIPFMC PLC | G87110105 | Other | 0.11% | 7,510 | $39.45 | -605 | -7.46% | $296,269.00 |
Holdings by Sector
| Sector | Allocation | Value |
|---|---|---|
| Financial Services | 21.59% | $58,757,033.00 |
| Communication Services | 15.92% | $43,324,067.00 |
| Other | 15.06% | $40,991,582.00 |
| Industrials | 12.59% | $34,261,651.00 |
| Consumer Cyclical | 10.83% | $29,482,676.00 |
| Technology | 6.13% | $16,672,612.00 |
| Healthcare | 4.63% | $12,588,900.00 |
| Energy | 3.27% | $8,911,180.00 |
| Utilities | 3.20% | $8,714,120.00 |
| Consumer Defensive | 3.16% | $8,597,201.00 |
| Real Estate | 2.57% | $6,995,063.00 |
| Basic Materials | 1.05% | $2,860,840.00 |
Portfolio insights
As of Sep 30, 2025, the Miller Value Partners portfolio holds 36 securities valued at $272,156,925.00. The Financial Services sector represents the largest allocation, while the top positions account for a significant portion of the total portfolio weight.