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
TDAYUSA TODAY CO INCReduce 42.00%−1,434,0652.55
UGIUGI CORP NEWReduce 54.00%−141,0002.31
DCHDAUCH CORPReduce 20.00%−338,8751.76
STLASTELLANTIS N.VSell−429,0001.65
NBRNABORS INDUSTRIES LTDReduce 26.00%−158,3071.55
FOSLFOSSIL GROUP INCReduce 24.00%−759,2301.49
JXNJACKSON FINANCIAL INCReduce 6.00%−5,4701.01
BMYBRISTOL-MYERS SQUIBB COReduce 36.00%−38,5000.95
WALWESTERN ALLIANCE BANCORPReduce 14.00%−9,2030.89
VZVERIZON COMMUNICATIONS INCReduce 15.00%−30,0000.64
TPCTUTOR PERINI CORPReduce 59.00%−4,0200.10
UNFIUNITED NAT FOODS INCReduce 58.00%−7,3750.09
FTITECHNIPFMC PLCReduce 58.00%−4,3400.06
Q4 2025filed Feb 17, 261 new7 added6 reduced3 exited
BKEBUCKLE INCSell−72,0001.55
NBRWFNABORS INDUSTRIES LTDReduce 10.00%−70,3581.42
UNFIUNITED NAT FOODS INCReduce 83.00%−60,8200.87
BBWBUILD-A-BEAR WORKSHOP INCReduce 20.00%−20,0000.66
SMLRSEMLER SCIENTIFIC INCSell−53,0000.58
BFHBREAD FINANCIAL HOLDINGS INCReduce 25.00%−68,5950.28
JXNJACKSON FINANCIAL INCReduce 8.00%−7,6750.25
TTETOTALENERGIES SESell−7,6500.17
OMFONEMAIN HLDGS INCReduce 10.00%−9,0000.07
Q3 2025filed Nov 14, 254 new5 added13 reduced1 exited
BFHBREAD FINANCIAL HOLDINGS INCReduce 18.00%−57,3752.40
OMFONEMAIN HLDGS INCReduce 38.00%−57,0591.70
DEAEASTERLY GOVT PPTYS INCSell−146,8001.38
UGIUGI CORP NEWReduce 10.00%−30,0001.31
JXNJACKSON FINANCIAL INCReduce 25.00%−31,1701.22
WALWESTERN ALLIANCE BANCORPReduce 24.00%−20,0000.74
LNCLINCOLN NATL CORP INDReduce 9.00%−48,8040.65
CGCARLYLE GROUP INCReduce 43.00%−30,0000.61
BKEBUCKLE INCReduce 31.00%−33,0000.47
BCCBOISE CASCADE CO DELReduce 7.00%−3,0000.42
UNFIUNITED NAT FOODS INCReduce 47.00%−63,9600.34
TPCTUTOR PERINI CORPReduce 47.00%−6,0950.09
BBWBUILD-A-BEAR WORKSHOP INCReduce 7.00%−7,0000.05
FTITECHNIPFMC PLCReduce 7.00%−6050.01
Q2 2025filed Aug 14, 251 new8 added2 reduced2 exited
DEAEASTERLY GOVT PPTYS INCSell−367,0001.77
TAT&T INCSell−116,0001.49
UNFIUNITED NAT FOODS INCReduce 27.00%−51,5501.00
TPCTUTOR PERINI CORPReduce 86.00%−77,6600.70
Q1 2025filed May 15, 254 new8 added4 reduced3 exited
TAT&T INCReduce 78.00%−417,0003.69
UNFIUNITED NAT FOODS INCReduce 54.00%−223,5452.45
WALWESTERN ALLIANCE BANCORPReduce 41.00%−57,6552.11
ATKRATKORE INCSell−37,0001.32
JXNJACKSON FINANCIAL INCReduce 12.00%−16,4200.49
TEVATEVA PHARMACEUTICAL INDS LTDSell−10,9500.10
PBIPITNEY BOWES INCSell−24,2590.08
Q4 2024filed Feb 14, 253 new15 added3 reduced
MSTRMICROSTRATEGY INCReduce 70.00%−35,0002.90
BBWBUILD-A-BEAR WORKSHOP INCReduce 37.00%−55,0001.04
BKEBUCKLE INCReduce 16.00%−20,0000.82
Q3 2024filed Nov 14, 242 new11 added10 reduced1 exited
MICROSTRATEGY INCSell−2,000,0004.42
STLASTELLANTIS N.VReduce 7.00%−30,0002.23
CTOCTO RLTY GROWTH INC NEWReduce 14.00%−60,0000.83
WALWESTERN ALLIANCE BANCORPReduce 6.00%−9,1600.79
UGIUGI CORP NEWReduce 15.00%−35,0000.61
TAT&T INCReduce 9.00%−55,0000.56
BKEBUCKLE INCReduce 17.00%−25,0000.44
TPCTUTOR PERINI CORPReduce 37.00%−32,0600.37
JXNJACKSON FINANCIAL INCReduce 11.00%−15,5000.20
GCIGANNETT CO INCReduce 10.00%−151,6750.13
PBIPITNEY BOWES INCReduce 23.00%−7,1750.00
Q2 2024filed Aug 13, 242 new5 added5 reduced3 exited
MICROSTRATEGY INCReduce 25.00%−650,0002.84
ECPGENCORE WIRE CORPSell−11,0001.85
GEOGEO GROUP INC NEWSell−145,0001.31
TPCTUTOR PERINI CORPReduce 60.00%−127,7000.78
GCIGANNETT CO INCReduce 38.00%−945,4650.63
CLFCLEVELAND-CLIFFS INC NEWSell−9,1980.13
PBIPITNEY BOWES INCReduce 23.00%−9,1500.01
TEVATEVA PHARMACEUTICAL INDS LTDReduce 6.00%−6500.01