Bill Miller – Miller Value Partners Options Positions & Derivatives (Jun 30, 2025)
As of Jun 30, 2025, the Miller Value Partners portfolio disclosed options positions in its latest SEC 13F filing reported on Aug 14, 2025. 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 229 call contracts and 3 put contracts across companies such as Barclays PLC (BCS), Deutsche Bank (DB), Pitney Bowes Inc. (PBI). Options positions can signal strategies around hedging risk, enhancing leverage, or adjusting portfolio exposure during market shifts.
Miller Value Partners Options Activity
| Date | Symbol | Option | Quantity |
|---|---|---|---|
| Q4 2022 | BCS Barclays PLC | CALL | 36,500 |
| Q4 2022 | DB Deutsche Bank | CALL | 150,000 |
| Q4 2022 | PBI Pitney Bowes Inc. | CALL | 50,000 |
| Q3 2022 | BCS Barclays PLC | CALL | 36,500 |
| Q3 2022 | DB Deutsche Bank | CALL | 150,000 |
| Q3 2022 | PBI Pitney Bowes Inc. | CALL | 50,000 |
| Q2 2022 | AMZN Amazon.com, Inc. | CALL | 12,000 |
| Q2 2022 | BABA Alibaba Group Holding Limited | CALL | 6,000 |
| Q2 2022 | BAC Bank of America Corporation | CALL | 5,000 |
| Q2 2022 | BCS Barclays PLC | CALL | 82,300 |
| Q2 2022 | BIDU Baidu, Inc. | CALL | 9,000 |
| Q2 2022 | BITO ProShares Bitcoin ETF | CALL | 22,500 |
| Q2 2022 | CCL Carnival Corporation | CALL | 20,000 |
| Q2 2022 | COIN Coinbase Global, Inc. | CALL | 5,000 |
| Q2 2022 | CPNG Coupang, Inc. | CALL | 15,000 |
| Q2 2022 | DB Deutsche Bank | CALL | 150,000 |
| Q2 2022 | ET Energy Transfer LP | CALL | 10,000 |
| Q2 2022 | F Ford Motor Company | CALL | 150,000 |
| Q2 2022 | H8817H100 Transocean | CALL | 30,000 |
| Q2 2022 | HP Helmerich & Payne, Inc. | CALL | 8,000 |
| Q2 2022 | JD JD.com, Inc. | CALL | 5,000 |
| Q2 2022 | JXN Jackson Financial Inc. | CALL | 5,000 |
| Q2 2022 | KHC The Kraft Heinz Company | CALL | 20,000 |
| Q2 2022 | ME 23andMe Holding Co. | CALL | 20,000 |
| Q2 2022 | META Meta Platforms, Inc. | CALL | 5,000 |
| Q2 2022 | NFLX Netflix, Inc. | CALL | 1,500 |
| Q2 2022 | NOV NOV Inc. | CALL | 10,000 |
| Q2 2022 | PBI Pitney Bowes Inc. | CALL | 50,000 |
| Q2 2022 | PFE Pfizer, Inc. | CALL | 10,000 |
| Q2 2022 | PTON Peloton Interactive, Inc. | CALL | 40,000 |