Miller Global Investments, Llc: Significant Changes in Holdings for Q3 2026
Miller Global Investments, Llc's portfolio reached a total value of $121.76 million as of September 30, 2026. This filing highlights notable purchases and sales observed during the quarter.
As of September 30, 2026, Miller Global Investments, Llc managed a substantial portfolio valued at $121.76 million. This filing provides a detailed look at the observable changes in their holdings during the most recent quarter, focusing on specific stock and ETF transactions.
Top Weighted Holdings and Their Quarterly Changes
The investor's portfolio is heavily concentrated in various sectors, with the institution maintaining a significant allocation to unknown sectors (41.02%) and others like Technology (11.31%), Real Estate (7.9%), and Financial Services (6.82%). Among the top holdings by weight, several showed notable shifts:
- BUCK (Simplify Treasury Option Income ETF) experienced a massive increase, effectively doubling its position from the prior period, adding 100% in shares and value, now accounting for 2.12% of the portfolio.
- DRKY (Vistashares Target 15 DrukMacro Distribution ETF) saw a significant rise in both shares (21.32%) and portfolio allocation (1.96%), reflecting renewed interest.
- MDST (Westwood Salient Enhanced Midstream Income ETF) decreased slightly by 0.31% in shares, though its portfolio allocation remained steady at 2.51%.
- JSI (Janus Henderson Securitized Income ETF) and JPIE (JPMorgan Income ETF) both increased modestly by 8.8% and 9.19% respectively in shares, maintaining their allocations around 3.67% and 3.72%.
- MHYNVDA (Man Active High Yield ETF) and NVIDIA (NVIDIA Corporation Common) both increased by 5.07% and 17.82% in shares, though their allocations dropped to 2.79% and 1.7% respectively.
Notable Purchases During the Quarter
Miller Global Investments, Llc demonstrated a clear focus on acquiring specific types of assets during Q3 2026. The most significant buying activity was observed in:
- BUCK: This was a substantial new position, with the number of shares quintupling (100% increase) and the ETF now representing 2.12% of the portfolio. Miller Global appears to have strategically added this income-oriented ETF.
- XLP: The investor initiated a position in the State Street Consumer Staples Select Sector SPDR ETF, adding shares equal to 100% of its prior holding, now accounting for 0.95% of the portfolio.
- GLAD: Shares of Gladstone Cap Corp Common New increased by 200.81%, suggesting a strong conviction purchase, now representing 0.75% of the portfolio.
- ARCC: Ares Capital Corp Common saw a significant increase of 243.48% in shares, now holding 0.58% of the portfolio.
- TSLX: Sixth Street Specialty Lending Inc increased by 265.35% in shares, now accounting for 0.55% of the portfolio.
Significant Sales and Reductions
Conversely, the investor disposed of several holdings during the quarter, indicating a shift in strategy or reduced confidence in certain sectors:
- ACKY: The Vistashares Target 15 Activist Distribution ETF was sold entirely, representing a -79.01% change and exiting the portfolio completely.
- IGSB: The iShares 1-3 Year Credit Bond ETF saw a drastic 91.1% reduction in shares, now holding only 0.19% of the portfolio.
- JA: Janus Henderson AA-A Clo ETF experienced a 42.67% reduction in shares, now holding 2.48% of the portfolio.
- KHC: Kraft Heinz Co Common was sold, with a -69.8% change in shares and now holding 0.17% of the portfolio.
- CAG: Conagra Brands Common saw a -69.56% change, now holding 0.16% of the portfolio.
- ICLR: Although not listed in the top holdings, the change_percent_from_prior_period (-91.1%) for ICLR suggests a near-complete sale, though the ETF's current allocation isn't provided in the top holdings list.
These actions, including the reduction in the JA position, show a clear exit from some earlier investments and a strong inclination towards newer or different types of income-oriented ETFs and specific financial services companies.
Overall Portfolio Activity and Strategy
The portfolio exhibited considerable activity this quarter, with 159 holdings showing changes. This high level of turnover suggests a dynamic investment approach focused on capitalizing on perceived opportunities and managing risk.
The substantial increase in ETF holdings, particularly the new position in BUCK and the significant boosts in XLP, GLAD, ARCC, and TSLX, points towards a strategy that leverages these instruments for income generation and diversification. However, the sharp declines in other ETFs like IGSB and JA, along with the exit from ACKY, demonstrate a willingness to cut losses or rotate away from underperforming areas.
For a complete view of the investor's holdings and their performance, please refer to the full filing data.