Bill Miller – Miller Value Partners LLC

Period:
Q1 2026
Portfolio date:
Mar 31, 2026
No. of stocks:
55
Portfolio value:
$383,178,000
Filed:
May 15, 2026
Style:
Contrarian Value
HistStockActivityShare change% change to portfolio
Q1 2026filed May 15, 2622 new13 added12 reduced1 exited
≡CRGY – CRESCENT ENERGY COMPANYBuy2,003,1327.06
≡SPY – STATE STR SPDR S&P 500 ETF TBuy30,0445.10
≡BLMN – BLOOMIN BRANDS INCBuy2,036,7342.87
≡LNC – LINCOLN NATL CORP INDAdd 13.00%65,929−2.63
≡JELD – JELD-WEN HLDG INCAdd 60.00%2,485,675−1.44
≡ABR – ARBOR REALTY TRUST INCBuy604,0001.22
≡MELI – MERCADOLIBRE INCBuy2,2151.00
≡CROX – CROCS INCBuy38,5480.84
≡FIGR – FIGURE TECHNOLOGY SOLUTIOBuy91,0090.81
≡ZD – ZIFF DAVIS INCBuy68,0580.75
≡GTN – GRAY MEDIA INCAdd 35.00%1,381,605−0.72
≡CHRD – CHORD ENERGY CORPORATIONAdd 20.00%11,5640.69
≡BBW – BUILD-A-BEAR WORKSHOP INCAdd 33.00%25,734−0.67
≡REZI – RESIDEO TECHNOLOGIES INCBuy69,7620.61
≡CTRN – CITI TRENDS INCBuy53,7630.61
≡ABNB – AIRBNB INCBuy16,1340.53
≡MRP – MILLROSE PPTYS INCAdd 118.00%98,0000.45
≡CART – MAPLEBEAR INCBuy45,5570.45
≡CNDT – CONDUENT INCAdd 80.00%4,440,545−0.43
≡BLDR – BUILDERS FIRSTSOURCE INCBuy18,8930.41
≡PRDO – PERDOCEO ED CORPBuy40,3950.39
≡MSTR – STRATEGY INCAdd 106.00%26,8080.34
≡FOUR – SHIFT4 PMTS INCBuy30,0350.34
≡CPNG – COUPANG INCBuy62,5280.31
≡PINS – PINTEREST INCBuy59,9900.29
≡ARLP – ALLIANCE RESOURCE PARTNERS LAdd 40.00%53,2560.26
≡MBC – MASTERBRAND INCBuy104,8540.23
≡VRM – VROOM INCBuy58,4880.20
≡PTLO – PORTILLOS INCBuy129,3230.18
≡LAD – LITHIA MTRS INCBuy2,6540.17
≡SN – SHARKNINJA INCBuy5,7750.16
≡VTRS – VIATRIS INCAdd 18.00%112,676−0.14
≡CTO – CTO RLTY GROWTH INC NEWAdd 28.00%121,908−0.13
≡UPBD – UPBOUND GROUP INCAdd 71.00%50,0000.13
≡UPS – UNITED PARCEL SVCS INCAdd 38.00%32,5080.03
Q4 2025filed Feb 17, 261 new7 added6 reduced3 exited
≡MRP – MILLROSE PPTYS INCBuy82,8000.87
≡GTN – GRAY MEDIA INCAdd 12.00%430,280−0.76
≡MSTR – STRATEGY INCAdd 66.00%10,000−0.45
≡CNDT – CONDUENT INCAdd 39.00%1,552,560−0.37
≡STLA – STELLANTIS N.VAdd 10.00%39,0000.31
≡UPBD – UPBOUND GROUP INCAdd 250.00%50,0000.26
≡JELD – JELD-WEN HLDG INCAdd 100.00%2,065,370−0.15
≡CHRD – CHORD ENERGY CORPORATIONAdd 9.00%5,000−0.04
Q3 2025filed Nov 14, 254 new5 added13 reduced1 exited
≡ITRN – ITURAN LOCATION AND CONTROLBuy215,0002.82
≡NBR – NABORS INDUSTRIES LTDAdd 8.00%48,9952.69
≡UPS – UNITED PARCEL SERVICE INCBuy86,6002.66
≡CALM – CAL MAINE FOODS INCBuy62,0002.14
≡DCH – AMERICAN AXLE & MFG HLDGS INAdd 19.00%277,1751.30
≡CNDT – CONDUENT INCAdd 46.00%1,275,6001.06
≡JELD – JELD-WEN HLDG INCAdd 10.00%194,4200.61
≡CTO – CTO RLTY GROWTH INC NEWAdd 8.00%30,000−0.35
≡UPBD – UPBOUND GROUP INCBuy20,0000.17
Q2 2025filed Aug 14, 251 new8 added2 reduced2 exited
≡GCI – GANNETT CO INCAdd 21.00%571,6951.42
≡DEA – EASTERLY GOVT PPTYS INCBuy146,8001.38
≡JELD – JELD-WEN HLDG INCAdd 141.00%1,097,9951.01
≡BFH – BREAD FINANCIAL HOLDINGS INCAdd 6.00%17,5600.86
≡CNDT – CONDUENT INCAdd 47.00%879,8450.78
≡AXL – AMERICAN AXLE & MFG HLDGS INAdd 45.00%444,2300.65
≡FOSL – FOSSIL GROUP INCAdd 17.00%504,5670.62
≡LNC – LINCOLN NATL CORP INDAdd 10.00%50,225−0.14
≡NBR – NABORS INDUSTRIES LTDAdd 61.00%235,3550.03
Q1 2025filed May 15, 254 new8 added4 reduced3 exited
≡VZ – VERIZON COMMUNICATIONS INCBuy198,0004.09
≡GTN – GRAY MEDIA INCAdd 6.00%193,3402.49
≡JELD – JELD-WEN HLDG INCBuy776,4252.11
≡DEA – EASTERLY GOVT PPTYS INCBuy367,0001.77
≡TDAY – GANNETT CO INCAdd 13.00%316,190−1.61
≡LYB – LYONDELLBASELL INDUSTRIES NBuy38,0001.22
≡DCH – AMERICAN AXLE & MFG HLDGS INAdd 88.00%466,1000.53
≡NBR – NABORS INDUSTRIES LTDAdd 38.00%107,5500.52
≡CNDT – CONDUENT INCAdd 21.00%326,120−0.37
≡FOSL – FOSSIL GROUP INCAdd 15.00%394,080−0.28
≡TPC – TUTOR PERINI CORPAdd 19.00%14,5300.17
≡SMLR – SEMLER SCIENTIFIC INCAdd 23.00%10,000−0.12
Q4 2024filed Feb 14, 253 new15 added3 reduced
≡QUAD – QUAD / GRAPHICS INCAdd 34.00%634,3152.67
≡UNFI – UNITED NAT FOODS INCAdd 52.00%141,3852.24
≡NBRWF – NABORS INDUSTRIES LTDAdd 99.00%140,2301.74
≡CG – CARLYLE GROUP INCBuy70,0001.51
≡WAL – WESTERN ALLIANCE BANCORPAdd 6.00%8,165−1.46
≡ATKR – ATKORE INCBuy37,0001.32
≡SMLR – SEMLER SCIENTIFIC INCBuy43,0000.99
≡BFH – BREAD FINANCIAL HOLDINGS INCAdd 18.00%45,5200.99
≡FOSL – FOSSIL GROUP INCAdd 93.00%1,237,8800.95
≡GCI – GANNETT CO INCAdd 75.00%1,025,1900.83
≡UGI – UGI CORP NEWAdd 45.00%90,0000.67
≡CNDT – CONDUENT INCAdd 72.00%648,3250.62
≡AXL – AMERICAN AXLE & MFG HLDGS INAdd 127.00%295,9500.50
≡BMY – BRISTOL-MYERS SQUIBB COAdd 35.00%28,0000.27
≡ARLP – ALLIANCE RESOURCE PARTNERS LAdd 9.00%10,000−0.23
≡GTN – GRAY TELEVISION INCAdd 132.00%1,926,3300.14
≡LNC – LINCOLN NATL CORP INDAdd 29.00%110,470−0.13
≡TPC – TUTOR PERINI CORPAdd 39.00%21,240−0.05
Q3 2024filed Nov 14, 242 new11 added10 reduced1 exited
≡MSTR – MICROSTRATEGY INCBuy50,2504.78
≡GTN – GRAY TELEVISION INCAdd 89.00%685,9951.85
≡BBW – BUILD-A-BEAR WORKSHOP INCAdd 114.00%80,0001.78
≡CHRD – CHORD ENERGY CORPORATIONAdd 17.00%7,796−0.94
≡UNFI – UNITED NAT FOODS INCAdd 33.00%66,5450.86
≡BMY – BRISTOL-MYERS SQUIBB COAdd 33.00%20,0000.75
≡CNDT – CONDUENT INCAdd 21.00%153,5600.49
≡NBRWF – NABORS INDUSTRIES LTDAdd 36.00%37,3450.42
≡TTE – TOTALENERGIES SEBuy7,6500.28
≡LNC – LINCOLN NATL CORP INDAdd 16.00%53,4400.27
≡QUAD – QUAD / GRAPHICS INCAdd 30.00%436,800−0.21
≡FOSL – FOSSIL GROUP INCAdd 22.00%244,575−0.12
≡AXL – AMERICAN AXLE & MFG HLDGS INAdd 22.00%41,510−0.04
Q2 2024filed Aug 13, 242 new5 added5 reduced3 exited
≡LNC – LINCOLN NATL CORP INDAdd 66.00%130,7852.49
≡UNFI – UNITED NAT FOODS INCBuy204,5701.71
≡BBW – BUILD-A-BEAR WORKSHOP INCBuy70,0001.13
≡NBRWF – NABORS INDUSTRIES LTDAdd 49.00%33,8590.87
≡CHRD – CHORD ENERGY CORPORATIONAdd 30.00%10,3000.86
≡UGI – UGI CORP NEWAdd 42.00%70,0000.85
≡GTN – GRAY TELEVISION INCAdd 58.00%282,9370.59