# Bill Miller — Miller Value Partners

Source: SEC EDGAR 13F filings (CIK 0001135778).
Page URL: https://superinvestorclub.com/manager/72
Last updated: 2026-07-08T11:29:50.697Z

## Summary

As of the 2026-03-31 reporting period (filed 2026-05-15), Bill Miller reported 55 long equity positions in their Miller Value Partners 13F filing, with a total reported value of $383.2M.

### About

Legendary value investor

## Top 25 holdings

| Rank | Ticker | Company | Shares | Value | % of Portfolio | Change |
|------|--------|---------|--------|-------|----------------|--------|
| 1 | NBRWF | NABORS INDUSTRIES LTD | 444430 | $38.2M | 9.98% | -26.3% |
| 2 | CRGY | CRESCENT ENERGY COMPANY | 2003132 | $27.0M | 7.06% | NEW |
| 3 | GTN-A | GRAY MEDIA INC | 5370100 | $23.3M | 6.08% | +34.6% |
| 4 | LNC | LINCOLN NATL CORP IND | 570690 | $20.3M | 5.29% | +13.1% |
| 5 | SPY | SPDR S&P 500 ETF | 30044 | $19.5M | 5.10% | NEW |
| 6 | QUAD | QUAD / GRAPHICS INC | 2651039 | $17.5M | 4.57% | -3.2% |
| 7 | BFH-PA | BREAD FINANCIAL HOLDINGS INC | 193697 | $14.5M | 3.79% | -3.8% |
| 8 | TDAY | USA TODAY CO INC | 1969280 | $13.9M | 3.62% | -42.1% |
| 9 | CNDT | CONDUENT INC | 10023930 | $12.8M | 3.35% | 79.5% |
| 10 | UPS | UNITED PARCEL SVCS INC | 119108 | $11.7M | 3.06% | 37.5% |
| 11 | BLMN | BLOOMIN BRANDS INC | 2036734 | $11.0M | 2.87% | NEW |
| 12 | FOSL | FOSSIL GROUP INC | 2425185 | $10.5M | 2.73% | -23.8% |
| 13 | CTO-PA | CTO RLTY GROWTH INC NEW | 556053 | $10.3M | 2.68% | +28.1% |
| 14 | ITRN | ITURAN LOCATION AND CONTROL | 203900 | $10.0M | 2.61% | -5.2% |
| 15 | VTRS | VIATRIS INC | 731676 | $9.9M | 2.58% | +18.2% |
| 16 | CHRD | CHORD ENERGY CORPORATION | 69330 | $9.9M | 2.57% | +20.0% |
| 17 | JXN-PA | JACKSON FINANCIAL INC | 80680 | $8.5M | 2.23% | -6.3% |
| 18 | VZ | VERIZON COMMUNICATIONS INC | 168000 | $8.4M | 2.20% | -15.2% |
| 19 | AXL | American Axle & Manufacturing | 1395905 | $8.3M | 2.16% | -19.5% |
| 20 | JELD | JELD-WEN HLDG INC | 6619885 | $8.2M | 2.14% | +60.1% |
| 21 | MSTR | STRATEGY INC | 52058 | $6.5M | 1.70% | +106.2% |
| 22 | ARLP | ALLIANCE RESOURCE PARTNERS L | 185256 | $5.1M | 1.34% | +40.3% |
| 23 | MRP | MILLROSE PPTYS INC | 180800 | $5.1M | 1.32% | 118.4% |
| 24 | CALM | CAL MAINE FOODS INC | 62000 | $4.9M | 1.28% | — |
| 25 | ABR | ARBOR REALTY TRUST INC | 604000 | $4.7M | 1.22% | NEW |

## New positions this quarter (22)

- CRGY (CRESCENT ENERGY COMPANY): 2003132 shares, $27.0M
- SPY (SPDR S&P 500 ETF): 30044 shares, $19.5M
- BLMN (BLOOMIN BRANDS INC): 2036734 shares, $11.0M
- ABR (ARBOR REALTY TRUST INC): 604000 shares, $4.7M
- MELI (MERCADOLIBRE INC): 2215 shares, $3.8M
- CROX (CROCS INC): 38548 shares, $3.2M
- FIGR (FIGURE TECHNOLOGY SOLUTIO): 91009 shares, $3.1M
- ZD (ZIFF DAVIS INC): 68058 shares, $2.9M
- REZI (RESIDEO TECHNOLOGIES INC): 69762 shares, $2.4M
- CTRN (CITI TRENDS INC): 53763 shares, $2.3M
- ABNB (AIRBNB INC): 16134 shares, $2.0M
- CART (MAPLEBEAR INC): 45557 shares, $1.7M
- BLDR (BUILDERS FIRSTSOURCE INC): 18893 shares, $1.6M
- PRDO (PERDOCEO ED CORP): 40395 shares, $1.5M
- FOUR (SHIFT4 PMTS INC): 30035 shares, $1.3M
- CPNG (COUPANG INC): 62528 shares, $1.2M
- PINS (PINTEREST INC): 59990 shares, $1.1M
- MBC (MASTERBRAND INC): 104854 shares, $871,337
- VRM (VROOM INC): 58488 shares, $778,475
- PTLO (PORTILLOS INC): 129323 shares, $684,119

## Increased positions (10)

- GTN-A: 5370100 shares (+34.6%), $23.3M
- LNC: 570690 shares (+13.1%), $20.3M
- CTO-PA: 556053 shares (+28.1%), $10.3M
- VTRS: 731676 shares (+18.2%), $9.9M
- CHRD: 69330 shares (+20.0%), $9.9M
- JELD: 6619885 shares (+60.1%), $8.2M
- MSTR: 52058 shares (+106.2%), $6.5M
- ARLP: 185256 shares (+40.3%), $5.1M
- BMY: 69500 shares (-35.6%), $4.2M
- UNFI: 5250 shares (-58.4%), $236,565

## Reduced positions (18)

- NBRWF: 444430 shares (-26.3%), $38.2M
- QUAD: 2651039 shares (-3.2%), $17.5M
- BFH-PA: 193697 shares (-3.8%), $14.5M
- TDAY: 1969280 shares (-42.1%), $13.9M
- CNDT: 10023930 shares (79.5%), $12.8M
- UPS: 119108 shares (37.5%), $11.7M
- FOSL: 2425185 shares (-23.8%), $10.5M
- ITRN: 203900 shares (-5.2%), $10.0M
- JXN-PA: 80680 shares (-6.3%), $8.5M
- VZ: 168000 shares (-15.2%), $8.4M
- AXL: 1395905 shares (-19.5%), $8.3M
- MRP: 180800 shares (118.4%), $5.1M
- UGI: 121000 shares (-53.8%), $4.4M
- WAL-PA: 55252 shares (-14.3%), $3.9M
- BBW: 103734 shares (33.0%), $3.9M
- UPBD: 120000 shares (71.4%), $2.2M
- FTI: 3170 shares (-57.8%), $219,142
- TPC: 2795 shares (-59.0%), $215,746

## Sold positions (1)

- STLA: previously held 429000 shares worth $4.7M

## Filing history (9)

- 2026-03-31 (filed 2026-05-15)
- 2025-12-31 (filed 2026-02-17)
- 2025-09-30 (filed 2025-11-14)
- 2025-06-30 (filed 2025-08-14)
- 2025-03-31 (filed 2025-05-15)
- 2024-12-31 (filed 2025-02-14)
- 2024-09-30 (filed 2024-11-14)
- 2024-06-30 (filed 2024-08-13)
- 2024-03-31 (filed 2024-05-07)

## Citation

When citing, use: "Bill Miller, Miller Value Partners, SEC 13F filing for period 2026-03-31, via Superinvestor (https://superinvestorclub.com/manager/72)".