Bill Miller - Miller Value Partners
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    55
Portfolio value:    $383,178,520
Holdings Activity Buys Sells    History
History Stock % of
Portfolio
Recent
Activity
Shares Avg. Buy
Price*
Value Current
Price
+/-
Since
Buy
52
Week
Low
52
Week
High
NBR - Nabors Industries Ltd. 9.98 Reduce 26.26% 444,430 $47.14 $38,247,646 $83.66 77.46% $29.50 $112.90
CRGY - Crescent Energy Co. 7.06 Buy 2,003,132 $13.50 $27,042,282 $9.99 -26.00% $7.53 $14.16
GTN - Gray Media, Inc. 6.08 Add 34.64% 5,370,100 $4.41 $23,306,234 $3.90 -11.64% $3.28 $6.31
LNC - Lincoln National Corp. 5.29 Add 13.06% 570,690 $32.47 $20,259,495 $40.85 25.82% $31.40 $45.22
SPY - State Street SPDR S&P 500 ETF Trust 5.10 Buy 30,044 $650.34 $19,538,815 $749.17 15.20% $611.28 $758.45
QUAD - Quad/Graphics, Inc. 4.57 Reduce 3.17% 2,651,039 $5.10 $17,523,368 $8.38 64.32% $4.75 $8.72
BFH - Bread Financial Holdings, Inc. 3.79 Reduce 3.83% 193,697 $39.13 $14,505,968 $97.18 148.33% $53.34 $109.91
TDAY - USA TODAY Co., Inc. 3.62 Reduce 42.14% 1,969,280 $3.88 $13,883,424 $8.59 121.19% $3.42 $8.90
CNDT - Conduent Inc. 3.35 Add 79.53% 10,023,930 $2.20 $12,830,630 $1.53 -30.58% $1.15 $2.98
UPS - United Parcel Service, Inc. 3.06 Add 37.54% 119,108 $87.58 $11,717,845 $112.89 28.89% $78.17 $118.73
BLMN - Bloomin' Brands, Inc. 2.87 Buy 2,036,734 $5.40 $10,998,364 $8.44 56.30% $5.19 $10.48
FOSL - Fossil Group, Inc. 2.73 Reduce 23.84% 2,425,185 $1.57 $10,452,547 $4.12 163.10% $1.54 $5.75
CTO - CTO Realty Growth, Inc. 2.68 Add 28.08% 556,053 $19.18 $10,281,420 $21.44 11.80% $14.20 $22.01
ITRN - Ituran Location and Control Ltd. 2.61 Reduce 5.16% 203,900 $35.72 $9,993,139 $55.78 56.16% $30.68 $67.76
VTRS - Viatris Inc. 2.58 Add 18.20% 731,676 $13.68 $9,884,943 $16.39 19.80% $8.30 $17.40
CHRD - Chord Energy Corp. 2.57 Add 20.02% 69,330 $159.09 $9,857,339 $122.36 -23.09% $81.48 $150.63
JXN - Jackson Financial Inc. 2.23 Reduce 6.35% 80,680 $42.50 $8,529,490 $120.80 184.26% $79.94 $122.85
VZ - Verizon Communications Inc. 2.20 Reduce 15.15% 168,000 $45.36 $8,433,600 $42.68 -5.91% $36.55 $50.06
DCH - Dauch Corp. 2.16 Reduce 19.53% 1,395,905 $5.15 $8,277,717 $5.12 -0.68% $4.26 $9.25
JELD - JELD-WEN Holdings, Inc. 2.14 Add 60.12% 6,619,885 $2.73 $8,208,657 $1.17 -57.11% $0.93 $6.97
MSTR - Strategy Inc 1.70 Add 106.17% 52,058 $142.85 $6,496,838 $92.10 -35.53% $81.81 $457.22
ARLP - Alliance Resource Partners, L.P. 1.34 Add 40.35% 185,256 $15.69 $5,122,328 $24.69 57.39% $20.64 $28.76
MRP - Millrose Properties, Inc. 1.32 Add 118.36% 180,800 $28.86 $5,062,400 $28.17 -2.38% $25.60 $32.54
CALM - Cal-Maine Foods, Inc. 1.28 62,000 $94.10 $4,907,300 $83.41 -11.36% $70.97 $120.12
ABR - Arbor Realty Trust, Inc. 1.22 Buy 604,000 $7.71 $4,656,840 $4.91 -36.32% $4.86 $11.40
OMF - OneMain Holdings, Inc. 1.16 82,941 $30.94 $4,436,514 $59.25 91.50% $44.92 $69.28
UGI - UGI Corp. 1.15 Reduce 53.82% 121,000 $25.34 $4,406,820 $36.31 43.28% $30.66 $40.48
BMY - Bristol-Myers Squibb Co. 1.10 Reduce 35.65% 69,500 $54.37 $4,215,175 $59.34 9.14% $40.99 $61.55
WAL - Western Alliance Bancorporation 1.02 Reduce 14.28% 55,252 $39.61 $3,914,604 $80.49 103.18% $65.45 $96.24
BBW - Build-A-Bear Workshop, Inc. 1.01 Add 32.99% 103,734 $32.96 $3,884,838 $33.62 2.00% $29.35 $74.33
MELI - MercadoLibre, Inc. 1.00 Buy 2,215 $1,729.02 $3,829,779 $1,867.30 8.00% $1,495.00 $2,548.50
CROX - Crocs, Inc. 0.84 Buy 38,548 $83.02 $3,200,255 $130.46 57.14% $73.21 $134.77
FIGR - Figure Technology Solutions, Inc. 0.81 Buy 91,009 $33.95 $3,089,756 $29.74 -12.40% $25.01 $78.00
LYB - LyondellBasell Industries N.V. 0.80 38,000 $70.40 $3,061,280 $58.32 -17.16% $39.52 $83.07
ZD - Ziff Davis, Inc. 0.75 Buy 68,058 $41.96 $2,855,714 $51.87 23.62% $22.45 $54.75
BCC - Boise Cascade Co. 0.73 37,000 $150.37 $2,806,450 $74.72 -50.31% $64.57 $91.43
REZI - Resideo Technologies, Inc. 0.61 Buy 69,762 $33.71 $2,351,677 $35.40 5.01% $22.93 $45.29
CTRN - Citi Trends, Inc. 0.61 Buy 53,763 $43.32 $2,329,013 $59.20 36.66% $28.44 $66.38
UPBD - Upbound Group, Inc. 0.57 Add 71.43% 120,000 $18.78 $2,166,000 $21.15 12.64% $14.83 $25.85
ABNB - Airbnb, Inc. 0.53 Buy 16,134 $126.28 $2,037,402 $146.33 15.88% $110.81 $150.19
CG - The Carlyle Group Inc. 0.51 40,000 $50.49 $1,935,600 $44.14 -12.58% $39.60 $68.44
CART - Maplebear Inc. 0.45 Buy 45,557 $37.46 $1,706,565 $48.28 28.88% $32.73 $53.50
BLDR - Builders FirstSource, Inc. 0.41 Buy 18,893 $82.33 $1,555,461 $73.51 -10.71% $65.10 $151.03
PRDO - Perdoceo Education Corp. 0.39 Buy 40,395 $37.21 $1,503,098 $36.55 -1.77% $26.28 $38.32
FOUR - Shift4 Payments, Inc. 0.34 Buy 30,035 $43.73 $1,313,431 $49.23 12.58% $34.56 $108.50
CPNG - Coupang, Inc. 0.31 Buy 62,528 $18.88 $1,180,529 $17.92 -5.08% $14.92 $34.08
PINS - Pinterest, Inc. 0.29 Buy 59,990 $18.34 $1,100,217 $22.60 23.23% $13.84 $39.93
MBC - MasterBrand, Inc. 0.23 Buy 104,854 $8.31 $871,337 $8.81 6.02% $6.61 $14.22
VRM - Vroom, Inc. 0.20 Buy 58,488 $13.31 $778,475 $7.24 -45.60% $6.94 $30.00
PTLO - Portillo's Inc. 0.18 Buy 129,323 $5.29 $684,119 $4.75 -10.21% $3.78 $11.82
LAD - Lithia Motors, Inc. 0.17 Buy 2,654 $249.72 $662,757 $317.96 27.33% $239.31 $359.11
SN - SharkNinja, Inc. 0.16 Buy 5,775 $105.90 $611,572 $149.79 41.44% $83.12 $154.29
UNFI - United Natural Foods, Inc. 0.06 Reduce 58.42% 5,250 $18.57 $236,565 $48.98 163.75% $23.36 $57.02
FTI - TechnipFMC plc 0.06 Reduce 57.79% 3,170 $7.70 $219,142 $73.04 848.67% $31.75 $77.73
TPC - Tutor Perini Corp. 0.06 Reduce 58.99% 2,795 $13.44 $215,746 $74.74 456.06% $43.41 $99.92
* Avg. Buy Price is an estimated cost basis: the share-weighted average of the quarter-end prices reported when this manager first bought or later added to the position (average-cost method, reset after a full exit). 13F filings disclose only quarter-end holdings, not actual trade prices, so this approximates — but does not exactly equal — what was paid.
Sector % analysis
Energy 21.01
Financial Services 14.99
Consumer Cyclical 13.24
Communication Services 12.94
Industrials 10.85
Technology 8.56
Real Estate 5.22
Unknown 5.10
Healthcare 3.68
Consumer Defensive 1.73
Basic Materials 1.53
Utilities 1.15