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 |
|---|---|---|---|
| Q2 2022 | SFIX Stitch Fix, Inc. | CALL | 20,000 |
| Q2 2022 | SLB Schlumberger N.V. | CALL | 8,000 |
| Q2 2022 | SOFI SoFi Technologies, Inc. | CALL | 60,000 |
| Q2 2022 | T AT&T Inc. | CALL | 55,000 |
| Q2 2022 | TLT iShares 20+ Year Treasury Bond | PUT | 1,446,900 |
| Q2 2022 | VALE VALE S.A. | CALL | 10,000 |
| Q2 2022 | VTRS Viatris Inc. | CALL | 25,000 |
| Q2 2022 | WBA Walgreens Boots Alliance, Inc. | CALL | 20,000 |
| Q2 2022 | ZG Zillow Group, Inc. | CALL | 12,500 |
| Q1 2022 | AMZN Amazon.com, Inc. | CALL | 300 |
| Q1 2022 | BABA Alibaba Group Holding Limited | CALL | 2,500 |
| Q1 2022 | BCS Barclays PLC | CALL | 82,300 |
| Q1 2022 | BIDU Baidu, Inc. | CALL | 7,500 |
| Q1 2022 | BITO ProShares Bitcoin ETF | CALL | 12,500 |
| Q1 2022 | CCL Carnival Corporation | CALL | 20,000 |
| Q1 2022 | COIN Coinbase Global, Inc. | CALL | 2,500 |
| Q1 2022 | CPNG Coupang, Inc. | CALL | 15,000 |
| Q1 2022 | DB Deutsche Bank | CALL | 150,000 |
| Q1 2022 | ET Energy Transfer LP | CALL | 20,000 |
| Q1 2022 | F Ford Motor Company | CALL | 100,000 |
| Q1 2022 | H8817H100 Transocean | CALL | 20,000 |
| Q1 2022 | HP Helmerich & Payne, Inc. | CALL | 10,000 |
| Q1 2022 | JD JD.com, Inc. | CALL | 2,032,400 |
| Q1 2022 | KHC The Kraft Heinz Company | CALL | 20,000 |
| Q1 2022 | ME 23andMe Holding Co. | CALL | 20,000 |
| Q1 2022 | META Meta Platforms, Inc. | CALL | 5,000 |
| Q1 2022 | MSTR MicroStrategy Incorporated | CALL | 1,000 |
| Q1 2022 | NOV NOV Inc. | CALL | 10,000 |
| Q1 2022 | PBI Pitney Bowes Inc. | CALL | 50,000 |
| Q1 2022 | PFE Pfizer, Inc. | CALL | 10,000 |