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 |
|---|---|---|---|
| Q1 2022 | PTON Peloton Interactive, Inc. | CALL | 40,000 |
| Q1 2022 | SAVE Spirit Airlines, Inc. | CALL | 20,000 |
| Q1 2022 | SFIX Stitch Fix, Inc. | CALL | 10,000 |
| Q1 2022 | SLB Schlumberger N.V. | CALL | 10,000 |
| Q1 2022 | SOFI SoFi Technologies, Inc. | CALL | 60,000 |
| Q1 2022 | T AT&T Inc. | CALL | 55,000 |
| Q1 2022 | TLT iShares 20+ Year Treasury Bond | PUT | 2,502,500 |
| Q1 2022 | UBER Uber Technologies, Inc. | CALL | 79,900 |
| Q1 2022 | VALE VALE S.A. | CALL | 20,000 |
| Q1 2022 | VTRS Viatris Inc. | CALL | 20,400 |
| Q1 2022 | WBA Walgreens Boots Alliance, Inc. | CALL | 20,000 |
| Q1 2022 | ZG Zillow Group, Inc. | CALL | 10,000 |
| Q4 2021 | ADT ADT Inc. | CALL | 30,000 |
| Q4 2021 | AMZN Amazon.com, Inc. | CALL | 58,100 |
| Q4 2021 | BCS Barclays PLC | CALL | 50,000 |
| Q4 2021 | BHC Bausch Health Companies Inc. | CALL | 20,000 |
| Q4 2021 | BIDU Baidu, Inc. | CALL | 12,500 |
| Q4 2021 | CCL Carnival Corporation | CALL | 20,000 |
| Q4 2021 | CPNG Coupang, Inc. | CALL | 15,000 |
| Q4 2021 | CXW CoreCivic, Inc. | CALL | 30,000 |
| Q4 2021 | DB Deutsche Bank | CALL | 170,000 |
| Q4 2021 | ET Energy Transfer LP | CALL | 10,000 |
| Q4 2021 | F Ford Motor Company | CALL | 105,000 |
| Q4 2021 | JD JD.com, Inc. | CALL | 2,492,900 |
| Q4 2021 | KHC The Kraft Heinz Company | CALL | 30,000 |
| Q4 2021 | LUMN Lumen Technologies, Inc. | CALL | 10,000 |
| Q4 2021 | ME 23andMe Holding Co. | CALL | 10,000 |
| Q4 2021 | MO Altria Group, Inc. | CALL | 10,000 |
| Q4 2021 | MSTR MicroStrategy Incorporated | CALL | 500 |
| Q4 2021 | PBI Pitney Bowes Inc. | CALL | 50,000 |