Bill Miller - Miller Value Partners Options Holdings (Q3 2021)
As of Sep 30, 2021, 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 26 call contracts and 0 put contracts across companies such as iShares 20+ Year Treasury Bond (TLT), JD.com, Inc. (JD), Amazon.com, Inc. (AMZN). Options positions can signal strategies around hedging risk, enhancing leverage, or adjusting portfolio exposure during market shifts.
Options Positions
Showing 26 of 26 positions.
| Quarter | Symbol | Company | Option | Contracts | Notional Value |
|---|---|---|---|---|---|
| Q3 2021 | TLT | iShares 20+ Year Treasury Bond | CALL | 4,868,500 | $702,622.00 |
| Q3 2021 | JD | JD.com, Inc. | CALL | 5,053,000 | $365,029.00 |
| Q3 2021 | AMZN | Amazon.com, Inc. | CALL | 58,700 | $192,832.00 |
| Q3 2021 | UBER | Uber Technologies, Inc. | CALL | 2,216,100 | $99,281.00 |
| Q3 2021 | F | Ford Motor Company | CALL | 170,000 | $2,407.00 |
| Q3 2021 | DB | Deutsche Bank | CALL | 170,000 | $2,159.00 |
| Q3 2021 | T | AT&T Inc. | CALL | 40,000 | $1,080.00 |
| Q3 2021 | BIDU | Baidu, Inc. | CALL | 5,000 | $769.00 |
| Q3 2021 | KHC | The Kraft Heinz Company | CALL | 20,000 | $736.00 |
| Q3 2021 | WBA | Walgreens Boots Alliance, Inc. | CALL | 15,000 | $706.00 |
| Q3 2021 | PFE | Pfizer, Inc. | CALL | 15,000 | $645.00 |
| Q3 2021 | BHC | Bausch Health Companies Inc. | CALL | 20,000 | $557.00 |
| Q3 2021 | VTRS | Viatris Inc. | CALL | 40,000 | $542.00 |
| Q3 2021 | MO | Altria Group, Inc. | CALL | 10,000 | $455.00 |
| Q3 2021 | TAK | Takeda Pharmaceutical Company L | CALL | 20,000 | $328.00 |
| Q3 2021 | MSTR | MicroStrategy Incorporated | CALL | 500 | $289.00 |
| Q3 2021 | CXW | CoreCivic, Inc. | CALL | 30,000 | $267.00 |
| Q3 2021 | SAVE | Spirit Airlines, Inc. | CALL | 10,000 | $259.00 |
| Q3 2021 | PBI | Pitney Bowes Inc. | CALL | 35,000 | $252.00 |
| Q3 2021 | CCL | Carnival Corporation | CALL | 10,000 | $250.00 |
| Q3 2021 | ADT | ADT Inc. | CALL | 30,000 | $243.00 |
| Q3 2021 | M | Macy's Inc | CALL | 10,000 | $226.00 |
| Q3 2021 | VOD | Vodafone Group Plc | CALL | 10,000 | $155.00 |
| Q3 2021 | LUMN | Lumen Technologies, Inc. | CALL | 10,000 | $124.00 |
| Q3 2021 | TEVA | Teva Pharmaceutical Industries | CALL | 10,000 | $97.00 |
| Q3 2021 | ET | Energy Transfer LP | CALL | 10,000 | $96.00 |
Note: Notional value represents the total exposure of the options position.