Bill Miller - Miller Value Partners Options Holdings (Q1 2022)
As of Mar 31, 2022, the Miller Value Partners portfolio disclosed options positions in its latest SEC 13F filing reported on May 15, 2026. These filings include call and put options tied to underlying equity holdings, providing a deeper look at the fund's use of derivatives for exposure and hedging.
The reported options activity included 32 call contracts and 1 put contract across companies such as iShares 20+ Year Treasury Bond (TLT), JD.com, Inc. (JD), Uber Technologies, Inc. (UBER). Options positions can signal strategies around hedging risk, enhancing leverage, or adjusting portfolio exposure during market shifts.
Options Positions
Showing 30 of 33 positions.
| Quarter | Symbol | Company | Option | Contracts | Notional Value |
|---|---|---|---|---|---|
| Q1 2022 | TLT | iShares 20+ Year Treasury Bond | PUT | 2,502,500 | $330,530.00 |
| Q1 2022 | JD | JD.com, Inc. | CALL | 2,032,400 | $117,615.00 |
| Q1 2022 | UBER | Uber Technologies, Inc. | CALL | 79,900 | $2,851.00 |
| Q1 2022 | DB | Deutsche Bank | CALL | 150,000 | $1,898.00 |
| Q1 2022 | F | Ford Motor Company | CALL | 100,000 | $1,691.00 |
| Q1 2022 | META | Meta Platforms, Inc. | CALL | 5,000 | $1,112.00 |
| Q1 2022 | PTON | Peloton Interactive, Inc. | CALL | 40,000 | $1,057.00 |
| Q1 2022 | BIDU | Baidu, Inc. | CALL | 7,500 | $992.00 |
| Q1 2022 | T | AT&T Inc. | CALL | 55,000 | $981.00 |
| Q1 2022 | AMZN | Amazon.com, Inc. | CALL | 300 | $978.00 |
| Q1 2022 | WBA | Walgreens Boots Alliance, Inc. | CALL | 20,000 | $895.00 |
| Q1 2022 | KHC | The Kraft Heinz Company | CALL | 20,000 | $788.00 |
| Q1 2022 | BCS | Barclays PLC | CALL | 82,300 | $650.00 |
| Q1 2022 | SOFI | SoFi Technologies, Inc. | CALL | 60,000 | $567.00 |
| Q1 2022 | PFE | Pfizer, Inc. | CALL | 10,000 | $518.00 |
| Q1 2022 | ZG | Zillow Group, Inc. | CALL | 10,000 | $493.00 |
| Q1 2022 | MSTR | MicroStrategy Incorporated | CALL | 1,000 | $486.00 |
| Q1 2022 | COIN | Coinbase Global, Inc. | CALL | 2,500 | $475.00 |
| Q1 2022 | SAVE | Spirit Airlines, Inc. | CALL | 20,000 | $437.00 |
| Q1 2022 | HP | Helmerich & Payne, Inc. | CALL | 10,000 | $428.00 |
| Q1 2022 | SLB | Schlumberger N.V. | CALL | 10,000 | $413.00 |
| Q1 2022 | CCL | Carnival Corporation | CALL | 20,000 | $404.00 |
| Q1 2022 | VALE | VALE S.A. | CALL | 20,000 | $400.00 |
| Q1 2022 | BITO | ProShares Bitcoin ETF | CALL | 12,500 | $357.00 |
| Q1 2022 | BABA | Alibaba Group Holding Limited | CALL | 2,500 | $272.00 |
| Q1 2022 | CPNG | Coupang, Inc. | CALL | 15,000 | $265.00 |
| Q1 2022 | PBI | Pitney Bowes Inc. | CALL | 50,000 | $260.00 |
| Q1 2022 | ET | Energy Transfer LP | CALL | 20,000 | $224.00 |
| Q1 2022 | VTRS | Viatris Inc. | CALL | 20,400 | $222.00 |
| Q1 2022 | NOV | NOV Inc. | CALL | 10,000 | $196.00 |
Note: Notional value represents the total exposure of the options position.