MILLER VALUE PARTNERS, LLC
Sector Allocation
- Communication Services17.0%$71.9M
- Energy16.7%$70.6M
- Industrials15.5%$65.5M
- Financials14.9%$63.2M
- Consumer Discretionary10.8%$45.9M
- Other5.8%$24.6M
- Technology5.7%$24.0M
- Real Estate5.2%$21.8M
- Healthcare3.7%$15.6M
- Consumer Staples3.2%$13.7M
AUM History
13fpro.ai/research/fund/miller-value-partners-llc-1135778
Conviction and streaks
Stable · top 10 = 52.8%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
NBR
$37.4MGTN
$28.8M- DIREXION$24.6M
BLMN
$23.6MQUAD
$21.4MLNC
$21.3MCRGY
$20.6MCNDT
$19.0MBFH
$14.4MUPS
$12.5MDCH
$12.4MTDAY
$12.0MVTRS
$11.6MCTO
$11.6MJELD
$10.7MFOSL
$8.9MCOTY
$8.5MJXN
$8.2MITRN
$8.2MCHRD
$7.9M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/miller-value-partners-llc-1135778
MILLER VALUE PARTNERS, LLC 13F holdings — Q2 2026
$423.1M portfolio (+10.4% QoQ) · 56 holdings · Q2 2026 13F · top 10 are 53% of the stock portfolio
$37.4M
8.8% of stocks
+0.2%This quarter-12.6%Since filed10+ qtrsHeld$28.8M
6.8% of stocks
+35%This quarter-16.3%Since filed10+ qtrsHeldAIQuality51.3#1,568Est. buyEstimated buy price is Pro: unlock with a free trialAdded 3 qtrs in a row- 3
DIREXION SHARES ETF TRUST - DAILY 500 2X ETF
$24.6M
5.8% of stocks
NewThis quarter—Since filedNew this quarterHeldAIQuality—Est. buy— $23.6M
5.6% of stocks
+27%This quarter-13.4%Since filed2 qtrsHeldAIQuality50.5#1,615Est. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$21.4M
5.1% of stocks
-4%This quarter-5.8%Since filed10+ qtrsHeldAIQuality45.7#1,872Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$21.3M
5.0% of stocks
+6%This quarter-11.6%Since filed10+ qtrsHeld$20.6M
4.9% of stocks
+4%This quarter+13.8%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$19.0M
4.5% of stocks
+30%This quarter+11.8%Since filed10+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 9 qtrs in a row$14.4M
3.4% of stocks
-31%This quarter-10.3%Since filed10+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 4 qtrs in a row$12.5M
3.0% of stocks
-3%This quarter-4.0%Since filed4 qtrsHeld
All holdings — MILLER VALUE PARTNERS, LLC (Q2 2026)
56 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Dauch Corp | Industrials | $12.4M | 2.9% | 2.28M | +63% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | USA TODAY Co., Inc. | Communication Services | $12.0M | 2.8% | 1.40M | -29% | 10+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | Viatris Inc | Healthcare | $11.6M | 2.8% | 733K | +0.2% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | CTO Realty Growth, Inc. | Real Estate | $11.6M | 2.7% | 540K | -3% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | JELD-WEN Holding, Inc. | Industrials | $10.7M | 2.5% | 7.14M | +8% | 6 qtrsAdded 6 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Fossil Group, Inc. | Technology | $8.9M | 2.1% | 2.14M | -12% | 10+ qtrsTrimmed 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | COTY INC. | Consumer Staples | $8.5M | 2.0% | 3.92M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | Jackson Financial Inc. | Financials | $8.2M | 1.9% | 80K | -0.7% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Ituran Location & Control Ltd. | Technology | $8.2M | 1.9% | 134K | -34% | 4 qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Chord Energy Corp | Energy | $7.9M | 1.9% | 69K | -0.3% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | VERIZON COMMUNICATIONS INC | Communication Services | $7.1M | 1.7% | 168K | — | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Millrose Properties, Inc. | Real Estate | $6.9M | 1.6% | 229K | +27% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | UPBOUND GROUP, INC. | Industrials | $5.5M | 1.3% | 258K | +115% | 4 qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | OneMain Holdings, Inc. | Financials | $5.1M | 1.2% | 83K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | CAL-MAINE FOODS INC | Consumer Staples | $5.0M | 1.2% | 62K | — | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $ARLP | ALLIANCE RESOURCE PARTNERS LP | Energy | $4.5M | 1.1% | 187K | +0.9% | |||
| 27 | $MSTR | Strategy Inc | Financials | $4.4M | 1.0% | 50K | -4% | |||
| 28 | $UGI | UGI CORP /PA/ | Utilities | $4.2M | 1.0% | 121K | — | |||
| 29 | $BBW | BUILD-A-BEAR WORKSHOP INC | Consumer Discretionary | $4.1M | 1.0% | 134K | +29% | |||
| 30 | $BMY | BRISTOL MYERS SQUIBB CO | Healthcare | $4.0M | 0.9% | 70K | — | |||
| 31 | $META | Meta Platforms, Inc. | Technology | $3.6M | 0.8% | 6,412 | New | |||
| 32 | $CROX | Crocs, Inc. | Consumer Discretionary | $3.5M | 0.8% | 29K | -25% | |||
| 33 | $WAL | WESTERN ALLIANCE BANCORPORATION | Financials | $3.4M | 0.8% | 42K | -24% | |||
| 34 | $ABR | ARBOR REALTY TRUST INC | Real Estate | $3.3M | 0.8% | 611K | +1% | |||
| 35 | $CTRN | Citi Trends Inc | Consumer Discretionary | $3.1M | 0.7% | 54K | +0.8% | |||
| 36 | $MELI | MERCADOLIBRE INC | Consumer Discretionary | $2.9M | 0.7% | 1,712 | -23% | |||
| 37 | $BCC | BOISE CASCADE Co | Consumer Discretionary | $2.9M | 0.7% | 37K | — | |||
| 38 | $FIGR | Figure Technology Solutions, Inc. | Financials | $2.8M | 0.7% | 90K | -1% | |||
| 39 | $ZD | ZIFF DAVIS, INC. | Communication Services | $2.7M | 0.6% | 51K | -26% | |||
| 40 | $CART | Maplebear Inc. | Industrials | $2.2M | 0.5% | 46K | +0.2% | |||
| 41 | $REZI | RESIDEO TECHNOLOGIES, INC. | Consumer Discretionary | $2.1M | 0.5% | 69K | -1% | |||
| 42 | $AMP | AMERIPRISE FINANCIAL INC | Financials | $2.0M | 0.5% | 4,428 | New | |||
| 43 | $LYB | LyondellBasell Industries N.V. | Materials | $2.0M | 0.5% | 38K | — | |||
| 44 | $BLDR | Builders FirstSource, Inc. | Industrials | $1.7M | 0.4% | 19K | +1% | |||
| 45 | $CG | Carlyle Group Inc. | Financials | $1.7M | 0.4% | 40K | — | |||
| 46 | $FOUR | Shift4 Payments, Inc. | Industrials | $1.5M | 0.3% | 30K | -0.2% | |||
| 47 | $PRDO | PERDOCEO EDUCATION Corp | Consumer Discretionary | $1.3M | 0.3% | 40K | -0.3% | |||
| 48 | $ABNB | Airbnb, Inc. | Technology | $1.3M | 0.3% | 8,921 | -45% | |||
| 49 | $PINS | PINTEREST, INC. | Technology | $1.2M | 0.3% | 58K | -4% | |||
| 50 | $CPNG | Coupang, Inc. | Consumer Discretionary | $1.1M | 0.3% | 64K | +3% | |||
| 51 | $SN | SharkNinja, Inc. | Technology | $903K | 0.2% | 5,932 | +3% | |||
| 52 | $LAD | LITHIA MOTORS INC | Consumer Discretionary | $788K | 0.2% | 2,712 | +2% | |||
| 53 | $VRM | Vroom, Inc. | Consumer Discretionary | $450K | 0.1% | 58K | — | |||
| 54 | $UNFI | UNITED NATURAL FOODS INC | Consumer Staples | $215K | 0.1% | 4,705 | -10% | |||
| 55 | $FTI | TechnipFMC plc | Energy | $210K | 0.1% | 3,170 | — | |||
| 56 | $TPC | TUTOR PERINI CORP | Industrials | $205K | 0.1% | 2,470 | -12% |
What changed in Q2 2026
Against the previous quarter's 13F: 4 new, 20 added to, 22 trimmed, 3 sold out. Share-count changes; largest moves by dollar size first.
New positions (4)
Added to (20)
now $28.8M · held 10+ qtrs, 3 adds in a row
now $23.6M · held 2 qtrs, 2 adds in a row
now $12.4M · held 10+ qtrs
now $19.0M · held 10+ qtrs, 9 adds in a row
$UPBDUPBOUND GROUP, INC.+115%
now $5.5M · held 4 qtrs, 4 adds in a row
$MRPMillrose Properties, Inc.+27%
now $6.9M · held 3 qtrs, 3 adds in a row
+14 more in the Excel export
Trimmed (22)
now $14.4M · held 10+ qtrs, 4 trims in a row
now $12.0M · held 10+ qtrs, 2 trims in a row
now $8.2M · held 4 qtrs, 2 trims in a row
$CROXCrocs, Inc.-25%
now $3.5M · held 2 qtrs
now $8.9M · held 10+ qtrs, 4 trims in a row
$WALWESTERN ALLIANCE BANCORPORATION-24%
now $3.4M · held 10+ qtrs, 2 trims in a row
+16 more in the Excel export
Holdings by quarter
Every 13F MILLER VALUE PARTNERS, LLC has filed, 39 earlier quarters. Pick one to see what it held then.
Is it too late to follow MILLER VALUE PARTNERS?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of MILLER VALUE PARTNERS's top 20 holdings: 52/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-8.1%
Value-weighted move of the 10 largest stock positions
Turnover
11%
Last quarter; 45% over the last 4
Top 10 weight
53%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
75%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
MILLER VALUE PARTNERS, LLC disclosed 56 positions worth $423.1M in its Form 13F-HR for Q2 2026, led by $NBR (NABORS INDUSTRIES LTD) at 8.8% of the equity portfolio, followed by $GTN. During the quarter the fund opened 4 new positions and exited 3 and a full exit from $SPY. The portfolio is most concentrated in Communication Services (17.0% of disclosed assets). All figures are sourced directly from MILLER VALUE PARTNERS, LLC’s Form 13F-HR filing with the SEC under CIK 1135778.
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