Miller Global Investments Q1 2026 Portfolio Activity: Focus on ETFs and Tech Reduction

According to filings from Miller Global Investments, Llc, here's a summary of their portfolio activity during the quarter ending June 30, 2026.

Notable Purchases This Quarter

In this period, Miller Global Investments demonstrated significant buying activity in several areas:

• ISHARES 1-3 YR CREDIT BOND ETF (IGSB): The investor increased their position substantially by acquiring all shares held previously. This move suggests a renewed focus or allocation towards short-term fixed income.
• JANUS HENDERSON SECURITIZED INCOME ETF (JSI): Miller Global Investments also boosted this holding, adding more shares to an existing position.
• BITWISE BITCOIN ETF TRUST (BITB): The investor significantly increased their stake in the Bitcoin-focused ETF by acquiring a large number of new shares. This indicates a strong interest or strategic allocation towards cryptocurrency exposure through regulated ETFs.

Significant Sales and Reductions

The quarter saw Miller Global Investments divesting substantial portions of their portfolio:

• NOKIA ADR (NOK): The investor drastically reduced this Technology holding, selling nearly 90% of the shares previously held. This represents a major exit from Nokia stock.
• ADVANCED MICRO DEVICES INC COM (AMD): Miller Global Investments sold off almost all remaining AMD shares in their portfolio, indicating a significant reduction or complete removal of exposure to this semiconductor company.
• STMICROELECTRONICS NV ADR (STM): The position in STMicroelectronics was also heavily cut by the investor during this period.

In addition, they sold out other positions entirely:

• JPMORGAN INCOME ETF (JPIE)
• MOBILEYE GLOBAL INC COMMON CLASS A (MBLY)

No Change in Certain Holdings

The data provided does not indicate any changes for the following holdings during this quarter:

• EQT CORP COM (EQT): Energy sector position unchanged.
• GOOGL: Google stock allocation remained constant.
• MARVELL TECHNOLOGY INC COM (MRVL): Marvelvell Technology shares stayed the same.
• NICE SYSTEMS LTD ADR (NICE): NICE Systems position was not modified.

Furthermore, holdings like BOSTON SCIENTIFIC CORP COM (BSX), UAMY, and others experienced changes but are detailed in the comprehensive list of changed_holdings. The investor also maintained their position in JANUS HENDERSON SECURITIZED INCOME ETF (JSI) without any change.