Bill Miller - Miller Value Partners Portfolio Holdings
As of Dec 31, 2025, the Miller Value Partners portfolio holdings is valued at approximately $283,834,386.00 featuring 34 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), USA TODAY CO INC (GCI), and others based on the company's latest SEC filings reported on Feb 17, 2026. Explore insights into portfolio composition, sector allocation, and recent trade activity.
Miller Value Partners's stock portfolio spans 34 holdings across 12 sectors, with a total market value of $283,834,386.00. The Financial Services sector represents the largest allocation, while the top holdings account for nearly 59% of the total portfolio value. NABORS INDUSTRIES LTD remains the single largest position at 11.5% of all equity investments.
Complete Holdings
Showing 34 of 34 holdings.
| # | Company | Symbol | Sector | Portfolio % | Shares | Change (Shares) | Change % | Value |
|---|---|---|---|---|---|---|---|---|
| 1 | NABORS INDUSTRIES LTD | NBR | Other | 11.53% | 602,737 | -70,358 | -10.45% | $32,728,619.00 |
| 2 | LINCOLN NATL CORP IND | LNC | Financial Services | 7.92% | 504,761 | -15,915 | -3.06% | $22,477,007.00 |
| 3 | GRAY MEDIA INC | GTN | Communication Services | 6.80% | 3,988,495 | +430,280 | +12.09% | $19,304,316.00 |
| 4 | USA TODAY CO INC | GCI | Communication Services | 6.18% | 3,403,345 | +80 | +0.00% | $17,527,227.00 |
| 5 | QUAD / GRAPHICS INC | QUAD | Industrials | 6.05% | 2,737,890 | +114,415 | +4.36% | $17,166,570.00 |
| 6 | BREAD FINANCIAL HOLDINGS INC | BFH | Financial Services | 5.25% | 201,415 | -68,595 | -25.40% | $14,910,752.00 |
| 7 | FOSSIL GROUP INC | FOSL | Consumer Cyclical | 4.22% | 3,184,415 | -141,980 | -4.27% | $11,973,400.00 |
| 8 | AMERICAN AXLE & MFG HLDGS IN | AXL | Consumer Cyclical | 3.92% | 1,734,780 | +17,685 | +1.03% | $11,119,940.00 |
| 9 | CONDUENT INC | CNDT | Technology | 3.78% | 5,583,385 | +1,552,560 | +38.52% | $10,720,099.00 |
| 10 | JELD-WEN HLDG INC | JELD | Industrials | 3.58% | 4,134,210 | +2,065,370 | +99.83% | $10,170,157.00 |
| 11 | UGI CORP NEW | UGI | Utilities | 3.46% | 262,000 | - | - | $9,806,660.00 |
| 12 | ITURAN LOCATION AND CONTROL | M6158M104 | Other | 3.26% | 215,000 | - | - | $9,247,150.00 |
| 13 | JACKSON FINANCIAL INC | JXN | Financial Services | 3.24% | 86,150 | -7,675 | -8.18% | $9,187,897.00 |
| 14 | UNITED PARCEL SERVICE INC | UPS | Industrials | 3.03% | 86,600 | - | - | $8,589,854.00 |
| 15 | VERIZON COMMUNICATIONS INC | VZ | Communication Services | 2.84% | 198,000 | - | - | $8,064,540.00 |
| 16 | CTO RLTY GROWTH INC NEW | CTO | Real Estate | 2.82% | 434,145 | +5,000 | +1.17% | $7,992,609.00 |
| 17 | VIATRIS INC | VTRS | Healthcare | 2.72% | 619,000 | - | - | $7,706,550.00 |
| 18 | BRISTOL-MYERS SQUIBB CO | BMY | Healthcare | 2.05% | 108,000 | - | - | $5,825,520.00 |
| 19 | ONEMAIN HLDGS INC | OMF | Financial Services | 1.97% | 82,941 | -9,000 | -9.79% | $5,602,665.00 |
| 20 | WESTERN ALLIANCE BANCORP | WAL | Financial Services | 1.91% | 64,455 | +1,000 | +1.58% | $5,418,732.00 |
| 21 | CHORD ENERGY CORPORATION | CHRD | Energy | 1.89% | 57,766 | +5,000 | +9.48% | $5,354,908.00 |
| 22 | CAL MAINE FOODS INC | CALM | Consumer Defensive | 1.74% | 62,000 | - | - | $4,933,340.00 |
| 23 | BUILD-A-BEAR WORKSHOP INC | BBW | Consumer Cyclical | 1.68% | 78,000 | -20,000 | -20.41% | $4,779,060.00 |
| 24 | STELLANTIS N.V | STLA | Other | 1.65% | 429,000 | +39,000 | +10.00% | $4,671,810.00 |
| 25 | STRATEGY INC | MSTR | Technology | 1.35% | 25,250 | +10,000 | +65.57% | $3,836,737.00 |
| 26 | ALLIANCE RESOURCE PARTNERS L | ARLP | Energy | 1.08% | 132,000 | +5,000 | +3.94% | $3,066,360.00 |
| 27 | BOISE CASCADE CO DEL | BCC | Basic Materials | 0.96% | 37,000 | - | - | $2,723,200.00 |
| 28 | MILLROSE PPTYS INC | MRP | Other | 0.87% | 82,800 | +82,800 | +100.00% | $2,473,236.00 |
| 29 | CARLYLE GROUP INC | CG | Financial Services | 0.83% | 40,000 | - | - | $2,364,400.00 |
| 30 | LYONDELLBASELL INDUSTRIES N | LYB | Other | 0.58% | 38,000 | - | - | $1,645,400.00 |
| 31 | UPBOUND GROUP INC | UPBD | Technology | 0.43% | 70,000 | +50,000 | +250.00% | $1,229,200.00 |
| 32 | TUTOR PERINI CORP | TPC | Industrials | 0.16% | 6,815 | - | - | $456,741.00 |
| 33 | UNITED NAT FOODS INC | UNFI | Consumer Defensive | 0.15% | 12,625 | -60,820 | -82.81% | $425,084.00 |
| 34 | TECHNIPFMC PLC | G87110105 | Other | 0.12% | 7,510 | - | - | $334,646.00 |
Holdings by Sector
| Sector | Allocation | Value |
|---|---|---|
| Financial Services | 21.13% | $59,961,453.00 |
| Other | 18.00% | $51,100,861.00 |
| Communication Services | 15.82% | $44,896,083.00 |
| Industrials | 12.82% | $36,383,322.00 |
| Consumer Cyclical | 9.82% | $27,872,400.00 |
| Technology | 5.56% | $15,786,036.00 |
| Healthcare | 4.77% | $13,532,070.00 |
| Utilities | 3.46% | $9,806,660.00 |
| Energy | 2.97% | $8,421,268.00 |
| Real Estate | 2.82% | $7,992,609.00 |
| Consumer Defensive | 1.89% | $5,358,424.00 |
| Basic Materials | 0.96% | $2,723,200.00 |
Portfolio insights
As of Dec 31, 2025, the Miller Value Partners portfolio holds 34 securities valued at $283,834,386.00. The Financial Services sector represents the largest allocation, while the top positions account for a significant portion of the total portfolio weight.