What Bill Miller Bought in Q4 2025
Miller Value Partners · Quarterly 13F recap as filed with the SEC.
Period: 2025-12-31 · Filed · Historical
$283.8M
Total Value
34
Holdings
1
New Buys
8
Reduced
In Q4 2025, Bill Miller reported 34 long equity positions worth $283.8M in their Miller Value Partners 13F filing, including 1 new positions (largest: MILLROSE PPTYS INC at $2.5M) and 13 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | NBR | NABORS INDUSTRIES LTD | 602737 | $32.7M | 11.53% | -10.5% |
| 2 | LNC | LINCOLN NATL CORP IND | 504761 | $22.5M | 7.92% | -3.1% |
| 3 | GTN | GRAY MEDIA INC | 3988495 | $19.3M | 6.80% | +12.1% |
| 4 | TDAY | USA TODAY CO INC | 3403345 | $17.5M | 6.18% | +0.0% |
| 5 | QUAD | QUAD / GRAPHICS INC | 2737890 | $17.2M | 6.05% | +4.4% |
| 6 | BFH | BREAD FINANCIAL HOLDINGS INC | 201415 | $14.9M | 5.25% | -25.4% |
| 7 | FOSL | FOSSIL GROUP INC | 3184415 | $12.0M | 4.22% | -4.3% |
| 8 | DCH | AMERICAN AXLE & MFG HLDGS IN | 1734780 | $11.1M | 3.92% | +1.0% |
| 9 | CNDT | CONDUENT INC | 5583385 | $10.7M | 3.78% | +38.5% |
| 10 | JELD | JELD-WEN HLDG INC | 4134210 | $10.2M | 3.58% | +99.8% |
| 11 | UGI | UGI CORP NEW | 262000 | $9.8M | 3.46% | — |
| 12 | ITRN | ITURAN LOCATION AND CONTROL | 215000 | $9.2M | 3.26% | — |
| 13 | JXN-PA | JACKSON FINANCIAL INC | 86150 | $9.2M | 3.24% | -8.2% |
| 14 | UPS | UNITED PARCEL SERVICE INC | 86600 | $8.6M | 3.03% | — |
| 15 | VZ | VERIZON COMMUNICATIONS INC | 198000 | $8.1M | 2.84% | — |
| 16 | CTO-PA | CTO RLTY GROWTH INC NEW | 434145 | $8.0M | 2.82% | +1.2% |
| 17 | VTRS | VIATRIS INC | 619000 | $7.7M | 2.72% | — |
| 18 | BMY | Bristol-Myers Squibb | 108000 | $5.8M | 2.05% | — |
| 19 | OMF | ONEMAIN HLDGS INC | 82941 | $5.6M | 1.97% | -9.8% |
| 20 | WAL-PA | WESTERN ALLIANCE BANCORP | 64455 | $5.4M | 1.91% | +1.6% |
| 21 | CHRD | CHORD ENERGY CORPORATION | 57766 | $5.4M | 1.89% | +9.5% |
| 22 | CALM | CAL MAINE FOODS INC | 62000 | $4.9M | 1.74% | — |
| 23 | BBW | BUILD-A-BEAR WORKSHOP INC | 78000 | $4.8M | 1.68% | -20.4% |
| 24 | STLA | STELLANTIS N.V | 429000 | $4.7M | 1.65% | +10.0% |
| 25 | MSTR | STRATEGY INC | 25250 | $3.8M | 1.35% | +65.6% |
| 26 | ARLP | ALLIANCE RESOURCE PARTNERS L | 132000 | $3.1M | 1.08% | +3.9% |
| 27 | BCC | BOISE CASCADE CO DEL | 37000 | $2.7M | 0.96% | — |
| 28 | MRP | MILLROSE PPTYS INC | 82800 | $2.5M | 0.87% | NEW |
| 29 | CG | Carlyle Group | 40000 | $2.4M | 0.83% | — |
| 30 | LYB | LYONDELLBASELL INDUSTRIES N | 38000 | $1.6M | 0.58% | — |
| 31 | UPBD | UPBOUND GROUP INC | 70000 | $1.2M | 0.43% | +250.0% |
| 32 | TPC | TUTOR PERINI CORP | 6815 | $457K | 0.16% | — |
| 33 | UNFI | UNITED NAT FOODS INC | 12625 | $425K | 0.15% | -82.8% |
| 34 | FTI | TECHNIPFMC PLC | 7510 | $335K | 0.12% | — |