← All Managers
Bill Miller
Miller Value Partners
Legendary value investor
$283.8M
Portfolio Value
34
Holdings
Q4 '25
Period
2026-02-17
Filed
📉
⚠️ ApproximationSimulated 13F Return
Total Return
-1.56%
Q1 '24 → Q4 '25
Annualized
-0.89%/yr
S&P: +7.61%/yr
Alpha (vs S&P)
-15.28%
7 quarters tracked
1-Year Return
-6.62%
α -20.33%
⚠️ Approximation only. 13F filings are delayed ~45 days. Options, shorts, and intra-quarter trades not captured.
📈 Recent Activity
Changes from previous quarter
NBRREDUCED
11.5% of portfolio
-10% shares+1.4pp
LNCREDUCED
7.9% of portfolio
-3% shares+0.2pp
GTNINCREASED
6.8% of portfolio
+12% shares-0.8pp
TDAYINCREASED
6.2% of portfolio
+0% shares+1.0pp
QUADINCREASED
6.0% of portfolio
+4% shares+0.0pp
BFH-PAREDUCED
5.3% of portfolio
-25% shares-0.3pp
FOSLREDUCED
4.2% of portfolio
-4% shares+1.1pp
AXLINCREASED
3.9% of portfolio
+1% shares+0.1pp
CNDTINCREASED
3.8% of portfolio
+39% shares-0.4pp
JELDINCREASED
3.6% of portfolio
+100% shares-0.1pp
JXN-PAREDUCED
3.2% of portfolio
-8% shares-0.3pp
CTO-PAINCREASED
2.8% of portfolio
+1% shares+0.2pp
OMFREDUCED
2.0% of portfolio
-10% shares+0.1pp
WAL-PAINCREASED
1.9% of portfolio
+2% shares-0.1pp
CHRDINCREASED
1.9% of portfolio
+9% shares-0.0pp
BBWREDUCED
1.7% of portfolio
-20% shares-0.7pp
STLAINCREASED
1.6% of portfolio
+10% shares+0.3pp
MSTRINCREASED
1.4% of portfolio
+66% shares-0.5pp
ARLPINCREASED
1.1% of portfolio
+4% shares-0.1pp
MRPNEW
0.9% of portfolio
New position
UPBDINCREASED
0.4% of portfolio
+250% shares+0.3pp
UNFIREDUCED
0.1% of portfolio
-83% shares-0.9pp
BKESOLD
was 1.6%
Sold out position
Filing price: $58.66
SMLRSOLD
was 0.6%
Sold out position
Filing price: $30.00
TTESOLD
was 0.2%
Sold out position
Filing price: $59.69
Sold Out (3)
📊 Sector Breakdown
Portfolio allocation by sector
Unknown 79.0%Energy 11.6%Industrials 3.0%Communication Services 2.8%Healthcare 2.1%+2 more (1.4%)
💼 Holdings
🔍
34 of 34 positions · $283.8M
This quarter: 1 new position, increased 13, reduced 8, sold 3. Net buyer.
| # | Stock | % Portfolio▼ | Activity | Shares | Reported Price | Value | Current Price | +/- Reported | 52w Low | 52w High | SEC | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | NBRNABORS INDUSTRIES LTD | 11.5% | Reduce 10.45% | 602737 | $54.30 | $32.7M | — | — | — | — | 📄 | |
| 2 | LNCLINCOLN NATL CORP IND | 7.9% | Reduce 3.06% | 504761 | $44.53 | $22.5M | — | — | — | — | 📄 | |
| 3 | GTNGRAY MEDIA INC | 6.8% | Add 12.09% | 3988495 | $4.84 | $19.3M | — | — | — | — | 📄 | |
| 4 | TDAYUSA TODAY CO INC | 6.2% | Add 0.00% | 3403345 | $5.15 | $17.5M | — | — | — | — | 📄 | |
| 5 | QUADQUAD / GRAPHICS INC | 6.0% | Add 4.36% | 2737890 | $6.27 | $17.2M | — | — | — | — | 📄 | |
| 6 | BFH-PABREAD FINANCIAL HOLDINGS INC | 5.3% | Reduce 25.40% | 201415 | $74.03 | $14.9M | — | — | — | — | 📄 | |
| 7 | FOSLFOSSIL GROUP INC | 4.2% | Reduce 4.27% | 3184415 | $3.76 | $12.0M | — | — | — | — | 📄 | |
| 8 | AXLAmerican Axle & Manufacturing | 3.9% | Add 1.03% | 1734780 | $6.41 | $11.1M | — | — | — | — | 📄 | |
| 9 | CNDTCONDUENT INC | 3.8% | Add 38.52% | 5583385 | $1.92 | $10.7M | — | — | — | — | 📄 | |
| 10 | JELDJELD-WEN HLDG INC | 3.6% | Add 99.83% | 4134210 | $2.46 | $10.2M | — | — | — | — | 📄 | |
| 11 | UGIUGI CORP NEW | 3.5% | Held | 262000 | $37.43 | $9.8M | — | — | — | — | 📄 | |
| 12 | ITRNITURAN LOCATION AND CONTROL | 3.3% | Held | 215000 | $43.01 | $9.2M | — | — | — | — | 📄 | |
| 13 | JXN-PAJACKSON FINANCIAL INC | 3.2% | Reduce 8.18% | 86150 | $106.65 | $9.2M | — | — | — | — | 📄 | |
| 14 | UPSUNITED PARCEL SERVICE INC | 3.0% | Held | 86600 | $99.19 | $8.6M | — | — | — | — | 📄 | |
| 15 | VZVERIZON COMMUNICATIONS INC | 2.8% | Held | 198000 | $40.73 | $8.1M | — | — | — | — | 📄 | |
| 16 | CTO-PACTO RLTY GROWTH INC NEW | 2.8% | Add 1.17% | 434145 | $18.41 | $8.0M | — | — | — | — | 📄 | |
| 17 | VTRSVIATRIS INC | 2.7% | Held | 619000 | $12.45 | $7.7M | — | — | — | — | 📄 | |
| 18 | BMYBristol-Myers Squibb | 2.1% | Held | 108000 | $53.94 | $5.8M | — | — | — | — | 📄 | |
| 19 | OMFONEMAIN HLDGS INC | 2.0% | Reduce 9.79% | 82941 | $67.55 | $5.6M | — | — | — | — | 📄 | |
| 20 | WAL-PAWESTERN ALLIANCE BANCORP | 1.9% | Add 1.58% | 64455 | $84.07 | $5.4M | — | — | — | — | 📄 | |
| 21 | CHRDCHORD ENERGY CORPORATION | 1.9% | Add 9.48% | 57766 | $92.70 | $5.4M | — | — | — | — | 📄 | |
| 22 | CALMCAL MAINE FOODS INC | 1.7% | Held | 62000 | $79.57 | $4.9M | — | — | — | — | 📄 | |
| 23 | BBWBUILD-A-BEAR WORKSHOP INC | 1.7% | Reduce 20.41% | 78000 | $61.27 | $4.8M | — | — | — | — | 📄 | |
| 24 | STLASTELLANTIS N.V | 1.6% | Add 10.00% | 429000 | $10.89 | $4.7M | — | — | — | — | 📄 | |
| 25 | MSTRSTRATEGY INC | 1.4% | Add 65.57% | 25250 | $151.95 | $3.8M | — | — | — | — | 📄 | |
| 26 | ARLPALLIANCE RESOURCE PARTNERS L | 1.1% | Add 3.94% | 132000 | $23.23 | $3.1M | — | — | — | — | 📄 | |
| 27 | BCCBOISE CASCADE CO DEL | 1.0% | Held | 37000 | $73.60 | $2.7M | — | — | — | — | 📄 | |
| 28 | MRPMILLROSE PPTYS INC | 0.9% | Buy | 82800 | $29.87 | $2.5M | — | — | — | — | 📄 | |
| 29 | CGCarlyle Group | 0.8% | Held | 40000 | $59.11 | $2.4M | — | — | — | — | 📄 | |
| 30 | LYBLYONDELLBASELL INDUSTRIES N | 0.6% | Held | 38000 | $43.30 | $1.6M | — | — | — | — | 📄 | |
| 31 | UPBDUPBOUND GROUP INC | 0.4% | Add 250.00% | 70000 | $17.56 | $1.2M | — | — | — | — | 📄 | |
| 32 | TPCTUTOR PERINI CORP | 0.2% | Held | 6815 | $67.02 | $457K | — | — | — | — | 📄 | |
| 33 | UNFIUNITED NAT FOODS INC | 0.1% | Reduce 82.81% | 12625 | $33.67 | $425K | — | — | — | — | 📄 | |
| 34 | FTITECHNIPFMC PLC | 0.1% | Held | 7510 | $44.56 | $335K | — | — | — | — | 📄 |