Bill Miller — Miller Value PartnersSuperinvestor
About Bill Miller — Miller Value Partners’s 13F portfolio
Bill Miller — Miller Value Partners is an institutional investment manager that discloses its US-listed holdings each quarter through an SEC Form 13F filing. As of , Bill Miller — Miller Value Partners reported $383.2M across 55 US-listed positions (). Its largest position is NABORS INDUSTRIES LTD (NBR) at 10.0% of the reported book, and its ten biggest holdings make up 52% of the portfolio. Browse every manager in the fund managers directory, or see the legendary investors we track on the superinvestors page.
| # | Stock | Price | % of portfolio | Shares | Value |
|---|---|---|---|---|---|
| 1 |  NBR NABORS INDUSTRIES LTD | $78.65 −5.66% | 10.0% | 444K | $38.2M |
| 2 |  CRGY CRESCENT ENERGY COMPANY | $10.48 −7.01% | 7.1% | 2.0M | $27.0M |
| 3 |  GTN GRAY MEDIA INC | $3.98 +2.31% | 6.1% | 5.4M | $23.3M |
| 4 |  LNC LINCOLN NATL CORP IND | $41.20 −0.39% | 5.3% | 571K | $20.3M |
| 5 |  SPY STATE STR SPDR S&P 500 ETF T | $739.09 +0.02% | 5.1% | 30K | $19.5M |
| 6 |  QUAD QUAD / GRAPHICS INC | $8.50 +1.92% | 4.6% | 2.7M | $17.5M |
| 7 |  BFH BREAD FINANCIAL HOLDINGS INC | $106.11 +1.73% | 3.8% | 194K | $14.5M |
| 8 |  TDAY USA TODAY CO INC | $8.31 −1.07% | 3.6% | 2.0M | $13.9M |
| 9 |  CNDT CONDUENT INC | $1.51 +2.03% | 3.3% | 10.0M | $12.8M |
| 10 |  UPS UNITED PARCEL SVCS INC | $112.95 −1.60% | 3.1% | 119K | $11.7M |
| 11 |  BLMN BLOOMIN BRANDS INC | $8.54 +7.56% | 2.9% | 2.0M | $11.0M |
| 12 |  FOSL FOSSIL GROUP INC | $4.21 +3.95% | 2.7% | 2.4M | $10.5M |
| 13 |  CTO CTO RLTY GROWTH INC NEW | $22.03 +0.14% | 2.7% | 556K | $10.3M |
| 14 |  ITRN ITURAN LOCATION AND CONTROL | $55.33 +1.02% | 2.6% | 204K | $10.0M |
| 15 |  VTRS VIATRIS INC | $17.64 +2.05% | 2.6% | 732K | $9.9M |
| 16 |  CHRD CHORD ENERGY CORPORATION | $131.80 −4.74% | 2.6% | 69K | $9.9M |
| 17 |  JXN JACKSON FINANCIAL INC | $121.05 +1.48% | 2.2% | 81K | $8.5M |
| 18 |  VZ VERIZON COMMUNICATIONS INC | $47.32 +2.03% | 2.2% | 168K | $8.4M |
| 19 |  DCH DAUCH CORP | — — | 2.2% | 1.4M | $8.3M |
| 20 |  JELD JELD-WEN HLDG INC | $1.16 +5.45% | 2.1% | 6.6M | $8.2M |
| 21 |  MSTR STRATEGY INC | $98.65 +5.36% | 1.7% | 52K | $6.5M |
| 22 |  ARLP ALLIANCE RESOURCE PARTNERS L | $25.63 +3.72% | 1.3% | 185K | $5.1M |
| 23 |  MRP MILLROSE PPTYS INC | $28.40 −0.42% | 1.3% | 181K | $5.1M |
| 24 |  CALM CAL MAINE FOODS INC | $88.72 −1.77% | 1.3% | 62K | $4.9M |
| 25 |  ABR ARBOR REALTY TRUST INC | $5.08 +1.80% | 1.2% | 604K | $4.7M |
Showing 1–25 of 55 positions on this page reported in this 13F.
Tiles are sized by portfolio weight and coloured by sector; the “est.” figure on each tile is the estimated dividend- and split-adjusted return since the first reported quarter — not the manager’s profit or cost basis.
“Est. return” = estimated dividend/split-adjusted return since the first reported quarter — not the manager’s profit or cost basis.
- Energy21%
- Financial Services15%
- Communication Services13%
- Consumer Cyclical11%
- Industrials11%
- Technology8.6%
- Unclassified7.5%
- Real Estate5.2%
- Healthcare3.7%
- Consumer Defensive1.7%
- Basic Materials1.5%
- Utilities1.2%
How this return is calculated
Estimated dividend- and split-adjusted return from the end of the first consecutive reported quarter in which the current holding appears in Bullish Whales’ 13F history, through the manager’s latest reported quarter. Current disclosed holdings only. Start dates differ by holding, changes in position size are not modeled, and positions no longer reported are excluded. Not the manager’s cost basis, purchase date, realized profit or loss, live performance, or portfolio performance.
- NewCRGYCRESCENT ENERGY COMPANY—$27.0M
- AddedGTNGRAY MEDIA INC+34.6%$23.3M
- AddedLNCLINCOLN NATL CORP IND+13.1%$20.3M
- NewSPYSTATE STR SPDR S&P 500 ETF T—$19.5M
- AddedCNDTCONDUENT INC+79.5%$12.8M
- AddedUPSUNITED PARCEL SVCS INC+37.5%$11.7M
- NewBLMNBLOOMIN BRANDS INC—$11.0M
- AddedCTOCTO RLTY GROWTH INC NEW+28.1%$10.3M
- AddedVTRSVIATRIS INC+18.2%$9.9M
- AddedCHRDCHORD ENERGY CORPORATION+20.0%$9.9M
- ReducedNBRNABORS INDUSTRIES LTD−26.3%$38.2M
- ReducedQUADQUAD / GRAPHICS INC−3.2%$17.5M
- ReducedBFHBREAD FINANCIAL HOLDINGS INC−3.8%$14.5M
- ReducedTDAYUSA TODAY CO INC−42.1%$13.9M
- ReducedFOSLFOSSIL GROUP INC−23.8%$10.5M
- ReducedITRNITURAN LOCATION AND CONTROL−5.2%$10.0M
- ReducedJXNJACKSON FINANCIAL INC−6.3%$8.5M
- ReducedVZVERIZON COMMUNICATIONS INC−15.2%$8.4M
- ReducedDCHDAUCH CORP−19.5%$8.3M
- ReducedUGIUGI CORP NEW−53.8%$4.4M
Reading Bill Miller — Miller Value Partners’s 13F portfolio
Bill Miller — Miller Value Partners’s $383.2M 13F book is spread across 55 reported positions and is concentrated toward its biggest ideas, with the top ten holdings at 52%. The largest positions carry real weight, so how those names perform matters a lot to the overall book. Its five largest positions are NBR, CRGY, GTN, LNC and SPY, led by NABORS INDUSTRIES LTD (NBR) at 10.0% of the portfolio. The heaviest sector exposure is Energy (21%), then Financial Services (15%).
What Bill Miller — Miller Value Partners changed last quarter
Between 2025-12-31 and Q1 2026, Bill Miller — Miller Value Partners was a net buyer: it opened 22 new positions and added to 13 more, while trimming 15 and closing 1 outright. Against a 55-name book, that is high turnover, pointing to an active reshuffle of the book. Its largest new or increased position was CRESCENT ENERGY COMPANY (CRGY), and its biggest reduction was NABORS INDUSTRIES LTD (NBR).
What a 13F does and doesn’t reveal
A 13F captures only Bill Miller — Miller Value Partners’s long positions in US-listed stocks at a single quarter-end, so it is best read as a lagged snapshot rather than a live portfolio. It won’t show shorts, cash, bonds, or holdings listed outside the US, and it never reveals the price paid or the reasoning behind a trade. The signal is in the pattern over time: which names Bill Miller — Miller Value Partners is building up, trimming, or exiting, and how concentrated the book stays from quarter to quarter.
Frequently asked questions
What is an SEC 13F filing?
A Form 13F is a report that every institutional investment manager with at least $100 million in US-listed securities must file with the SEC within 45 days of each quarter's end. It lists the manager's long positions in US-listed stocks and certain options, with the share count and market value of each. Bill Miller — Miller Value Partners's profile on this page is built directly from those filings.
How current is the 13F data on Bill Miller — Miller Value Partners's page?
It reflects Bill Miller — Miller Value Partners's most recently filed 13F, currently the quarter ending Q1 2026. Because managers have up to 45 days after a quarter closes to file, a 13F is always a slightly lagged view rather than a live portfolio. When Bill Miller — Miller Value Partners files its next quarterly report, this page refreshes automatically.
Can I see Bill Miller — Miller Value Partners's complete list of holdings?
This page highlights Bill Miller — Miller Value Partners's largest positions rather than all 55 names in the filing. The complete, position-by-position 13F is public and available from the SEC's EDGAR database under Bill Miller — Miller Value Partners's filings.
Does a 13F show everything Bill Miller — Miller Value Partners owns?
No. A 13F only covers long positions in US-listed stocks and certain options. It leaves out short positions, cash, bonds, commodities, foreign-listed stocks, and private holdings, so it is a partial view of Bill Miller — Miller Value Partners's book rather than its full strategy or total assets.
Is 13F data investment advice?
No. Everything here is educational. 13F positions are disclosed with a delay, cover only long US-listed holdings, and never explain why Bill Miller — Miller Value Partners made a trade or at what price. Treat it as a research lens, not a recommendation, and speak with a licensed financial advisor before making investment decisions.
Not investment advice. Holdings data comes from public SEC Form 13F filings, which are filed with a delay of up to 45 days and may be amended later. It describes historical, disclosed positions in US-listed securities only, meaning no shorts, cash, or foreign holdings, and it is not a recommendation. Always do your own research and speak with a licensed financial advisor before making investment decisions.