What Bill Miller Bought in Q3 2025
Miller Value Partners · Quarterly 13F recap as filed with the SEC.
Period: 2025-09-30 · Filed · Historical
$272.2M
Total Value
36
Holdings
4
New Buys
10
Reduced
In Q3 2025, Bill Miller reported 36 long equity positions worth $272.2M in their Miller Value Partners 13F filing, including 4 new positions (largest: ITURAN LOCATION AND CONTROL at $7.7M) and 12 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | NBR | NABORS INDUSTRIES LTD | 673095 | $27.5M | 10.11% | +7.9% |
| 2 | LNC | LINCOLN NATL CORP IND | 520676 | $21.0M | 7.72% | -8.6% |
| 3 | GTN | GRAY MEDIA INC | 3558215 | $20.6M | 7.56% | -2.5% |
| 4 | QUAD | QUAD / GRAPHICS INC | 2623475 | $16.4M | 6.03% | -3.2% |
| 5 | BFH | BREAD FINANCIAL HOLDINGS INC | 270010 | $15.1M | 5.53% | -17.5% |
| 6 | TDAY | GANNETT CO INC | 3403265 | $14.1M | 5.16% | +3.6% |
| 7 | CNDT | CONDUENT INC | 4030825 | $11.3M | 4.15% | +46.3% |
| 8 | DCH | AMERICAN AXLE & MFG HLDGS IN | 1717095 | $10.3M | 3.79% | +19.2% |
| 9 | JELD | JELD-WEN HLDG INC | 2068840 | $10.2M | 3.73% | +10.4% |
| 10 | JXN-PA | JACKSON FINANCIAL INC | 93825 | $9.5M | 3.49% | +-24.9% |
| 11 | UGI | UGI CORP NEW | 262000 | $8.7M | 3.20% | -10.3% |
| 12 | VZ | VERIZON COMMUNICATIONS INC | 198000 | $8.7M | 3.20% | — |
| 13 | FOSL | FOSSIL GROUP INC | 3326395 | $8.5M | 3.14% | -4.1% |
| 14 | ITRN | ITURAN LOCATION AND CONTROL | 215000 | $7.7M | 2.82% | NEW |
| 15 | UPS | UNITED PARCEL SERVICE INC | 86600 | $7.2M | 2.66% | NEW |
| 16 | CTO-PA | CTO RLTY GROWTH INC NEW | 429145 | $7.0M | 2.57% | +7.5% |
| 17 | BBW | BUILD-A-BEAR WORKSHOP INC | 98000 | $6.4M | 2.35% | +-6.7% |
| 18 | VTRS | VIATRIS INC | 619000 | $6.1M | 2.25% | — |
| 19 | CALM | CAL MAINE FOODS INC | 62000 | $5.8M | 2.14% | NEW |
| 20 | WAL-PA | WESTERN ALLIANCE BANCORP | 63455 | $5.5M | 2.02% | -24.0% |
| 21 | CHRD | CHORD ENERGY CORPORATION | 52766 | $5.2M | 1.93% | — |
| 22 | OMF | ONEMAIN HLDGS INC | 91941 | $5.2M | 1.91% | +-38.3% |
| 23 | MSTR | STRATEGY INC | 15250 | $4.9M | 1.81% | — |
| 24 | BMY | Bristol-Myers Squibb | 108000 | $4.9M | 1.79% | — |
| 25 | BKE | BUCKLE INC | 72000 | $4.2M | 1.55% | +-31.4% |
| 26 | STLA | STELLANTIS N.V | 390000 | $3.6M | 1.34% | — |
| 27 | ARLP | ALLIANCE RESOURCE PARTNERS L | 127000 | $3.2M | 1.18% | — |
| 28 | BCC | BOISE CASCADE CO DEL | 37000 | $2.9M | 1.05% | -7.5% |
| 29 | UNFI | UNITED NAT FOODS INC | 73445 | $2.8M | 1.02% | +-46.5% |
| 30 | CG | Carlyle Group | 40000 | $2.5M | 0.92% | -42.9% |
| 31 | LYB | LYONDELLBASELL INDUSTRIES N | 38000 | $1.9M | 0.68% | — |
| 32 | SMLR | SEMLER SCIENTIFIC INC | 53000 | $1.6M | 0.58% | — |
| 33 | UPBD | UPBOUND GROUP INC | 20000 | $473K | 0.17% | NEW |
| 34 | TTE | TOTALENERGIES SE | 7650 | $457K | 0.17% | — |
| 35 | TPC | TUTOR PERINI CORP | 6815 | $447K | 0.16% | +-47.2% |
| 36 | FTI | TECHNIPFMC PLC | 7510 | $296K | 0.11% | -7.5% |