Bill Miller Portfolio Update: December 2025 Holdings Revealed
Bill Miller's portfolio at Miller Value Partners, valued at $283.8 million as of December 2025, shows significant changes in stock positions including increases in Gray Media and Conduent, decreases in Bread Financial and Fossil, and stable positions like Quad/Graphics.
Bill Miller's portfolio at Miller Value Partners, valued at $283.8 million as of December 2025, reflects strategic adjustments across various holdings. The top holdings demonstrate a mix of increased, decreased, and stable positions during the period.
Bill Miller's portfolio saw a significant increase in Gray Media (GTN), with a 12.09% rise in shares and substantial new investment. USA Today (GCI) remained stable in terms of percentage change, while Quad/Graphics (QUAD) and Conduent (CNDT) also showed notable increases of 4.36% and 38.52% respectively.
Conversely, Bread Financial (BFH) experienced a significant decrease, with a 25.4% reduction in shares. NABORS Industries (NBR) and Lincoln National (LNC) also saw substantial declines of 10.45% and 3.06% respectively. Fossil Group (FOSL) decreased by 4.27%, and American Axle & Manufacturing (AXL) saw a smaller reduction of 1.03%.
Several holdings remained unchanged in terms of percentage change from the prior period, including JELD-Wen (JELD), GTN (Gray Media) despite share increase, GCI (USA Today), and NBR (Nabors Industries) despite share decrease.
For detailed analysis of Bill Miller's portfolio and individual stock performance, please visit the investor profile and stock pages.