Bill Miller - Miller Value Partners Options Holdings (Q4 2020)
As of Dec 31, 2020, 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 15 call contracts and 0 put contracts across companies such as Uber Technologies, Inc. (UBER), CVS Health Corporation (CVS), The Kraft Heinz Company (KHC). Options positions can signal strategies around hedging risk, enhancing leverage, or adjusting portfolio exposure during market shifts.
Options Positions
Showing 15 of 15 positions.
| Quarter | Symbol | Company | Option | Contracts | Notional Value |
|---|---|---|---|---|---|
| Q4 2020 | UBER | Uber Technologies, Inc. | CALL | 5,233,500 | $266,909.00 |
| Q4 2020 | CVS | CVS Health Corporation | CALL | 880,000 | $60,104.00 |
| Q4 2020 | KHC | The Kraft Heinz Company | CALL | 14,000 | $485.00 |
| Q4 2020 | WBA | Walgreens Boots Alliance, Inc. | CALL | 10,000 | $399.00 |
| Q4 2020 | VTRS | Viatris Inc. | CALL | 15,000 | $281.00 |
| Q4 2020 | ADT | ADT Inc. | CALL | 35,000 | $275.00 |
| Q4 2020 | CXW | CoreCivic, Inc. | CALL | 40,000 | $262.00 |
| Q4 2020 | F | Ford Motor Company | CALL | 25,000 | $220.00 |
| Q4 2020 | BHC | Bausch Health Companies Inc. | CALL | 10,000 | $208.00 |
| Q4 2020 | TAK | Takeda Pharmaceutical Company L | CALL | 10,000 | $182.00 |
| Q4 2020 | VOD | Vodafone Group Plc | CALL | 10,000 | $165.00 |
| Q4 2020 | PBI | Pitney Bowes Inc. | CALL | 20,000 | $123.00 |
| Q4 2020 | DB | Deutsche Bank | CALL | 10,000 | $109.00 |
| Q4 2020 | TEVA | Teva Pharmaceutical Industries | CALL | 10,000 | $97.00 |
| Q4 2020 | ET | Energy Transfer LP | CALL | 10,000 | $62.00 |
Note: Notional value represents the total exposure of the options position.