Bill Miller
Miller Value Partners · Contrarian value Value-oriented equity manager founded by Bill Miller, running concentrated, contrarian long positions; the firm is now led day-to-day by Bill Miller IV.
Bill Miller is an American investor who managed the Legg Mason Value Trust and, during his tenure, beat the S&P 500 index for a record 15 consecutive years before founding Miller Value Partners.
Showing all 56 reported 13(f) positions; TradingPilot links only the 1 matching its curated universe — a licensed CUSIP↔ticker database was not used. Unmapped positions render as plain text, exactly as filed.
Portfolio allocation (reported 13F equity)
Long US-listed equity positions only; options excluded.
- NABORS INDUSTRIES LTD8.8%
- GRAY MEDIA INC6.8%
- DIREXION SHARES ETF TRUST5.8%
- BLOOMIN BRANDS INC5.6%
- QUAD / GRAPHICS INC5.1%
- LINCOLN NATL CORP IND5.0%
- CRESCENT ENERGY COMPANY4.9%
- CONDUENT INC4.5%
- BREAD FINANCIAL HOLDINGS INC3.4%
- UNITED PARCEL SVCS INC2.9%
- Others47.2%
Reported 13F equity value — not a return, not AUM
Long US-listed equity positions only; filed with a ~45-day lag.
| # | Ticker | Security (as filed) | % of 13F | Shares | Reported price | Current | Value | Activity |
|---|---|---|---|---|---|---|---|---|
| 1 | — | NABORS INDUSTRIES LTD | 8.8% | 445,460 | $84.01 | — | $37.4M | Added +0% |
| 2 | — | GRAY MEDIA INC | 6.8% | 7,243,390 | $3.97 | — | $28.8M | Added +35% |
| 3 | — | DIREXION SHARES ETF TRUST | 5.8% | 114,078 | $215.61 | — | $24.6M | New |
| 4 | — | BLOOMIN BRANDS INC | 5.6% | 2,585,909 | $9.14 | — | $23.6M | Added +27% |
| 5 | — | QUAD / GRAPHICS INC | 5.1% | 2,538,299 | $8.43 | — | $21.4M | Trimmed −4% |
| 6 | — | LINCOLN NATL CORP IND | 5.0% | 603,160 | $35.35 | — | $21.3M | Added +6% |
| 7 | — | CRESCENT ENERGY COMPANY | 4.9% | 2,092,679 | $9.82 | — | $20.6M | Added +4% |
| 8 | — | CONDUENT INC | 4.5% | 12,986,100 | $1.46 | — | $19.0M | Added +30% |
| 9 | — | BREAD FINANCIAL HOLDINGS INC | 3.4% | 132,798 | $108.35 | — | $14.4M | Trimmed −31% |
| 10 | — | UNITED PARCEL SVCS INC | 2.9% | 116,003 | $107.50 | — | $12.5M | Trimmed −3% |
| 11 | — | DAUCH CORP | 2.9% | 2,282,090 | $5.42 | — | $12.4M | Added +63% |
| 12 | — | USA TODAY CO INC | 2.8% | 1,401,080 | $8.55 | — | $12.0M | Trimmed −29% |
| 13 | — | VIATRIS INC | 2.8% | 733,164 | $15.88 | — | $11.6M | New |
| 14 | — | CTO RLTY GROWTH INC NEW | 2.7% | 539,900 | $21.51 | — | $11.6M | Trimmed −3% |
| 15 | — | JELD-WEN HLDG INC | 2.5% | 7,139,095 | $1.50 | — | $10.7M | Added +8% |
| 16 | — | FOSSIL GROUP INC | 2.1% | 2,143,445 | $4.14 | — | $8.9M | Trimmed −12% |
| 17 | — | COTY INC | 2.0% | 3,917,705 | $2.16 | — | $8.5M | New |
| 18 | — | JACKSON FINANCIAL INC | 1.9% | 80,142 | $102.39 | — | $8.2M | Trimmed −1% |
| 19 | — | ITURAN LOCATION AND CONTROL | 1.9% | 133,700 | $61.01 | — | $8.2M | Trimmed −34% |
| 20 | — | CHORD ENERGY CORPORATION | 1.9% | 69,096 | $114.30 | — | $7.9M | Trimmed −0% |
| 21 | — | VERIZON COMMUNICATIONS INC | 1.7% | 168,000 | $42.34 | — | $7.1M | Held +0% |
| 22 | — | MILLROSE PPTYS INC | 1.6% | 229,300 | $30.05 | — | $6.9M | Added +27% |
| 23 | — | UPBOUND GROUP INC | 1.3% | 258,000 | $21.22 | — | $5.5M | Added +115% |
| 24 | — | ONEMAIN HLDGS INC | 1.2% | 82,941 | $60.97 | — | $5.1M | Held +0% |
| 25 | — | CAL MAINE FOODS INC | 1.2% | 62,000 | $80.56 | — | $5.0M | Held +0% |
| 26 | — | ALLIANCE RESOURCE PARTNERS L | 1.1% | 186,981 | $23.98 | — | $4.5M | Added +1% |
| 27 | — | STRATEGY INC | 1.0% | 50,203 | $86.93 | — | $4.4M | Trimmed −4% |
| 28 | — | UGI CORP NEW | 1.0% | 121,000 | $34.54 | — | $4.2M | Held +0% |
| 29 | — | BUILD-A-BEAR WORKSHOP INC | 1.0% | 133,567 | $30.61 | — | $4.1M | Added +29% |
| 30 | — | BRISTOL-MYERS SQUIBB CO | 0.9% | 69,500 | $57.62 | — | $4.0M | New |
| 31 | META | META PLATFORMS INC | 0.9% | 6,412 | $563.29 | $624.52 +10.9% | $3.6M | New |
| 32 | — | CROCS INC | 0.8% | 28,856 | $120.64 | — | $3.5M | Trimmed −25% |
| 33 | — | WESTERN ALLIANCE BANCORP | 0.8% | 41,755 | $82.20 | — | $3.4M | Trimmed −24% |
| 34 | — | ARBOR REALTY TRUST INC | 0.8% | 611,000 | $5.42 | — | $3.3M | Added +1% |
| 35 | — | CITI TRENDS INC | 0.7% | 54,200 | $57.84 | — | $3.1M | Added +1% |
| 36 | — | MERCADOLIBRE INC | 0.7% | 1,712 | $1,697.39 | — | $2.9M | Trimmed −23% |
| 37 | — | BOISE CASCADE CO DEL | 0.7% | 37,000 | $77.63 | — | $2.9M | Held +0% |
| 38 | — | FIGURE TECHNOLOGY SOLUTIO | 0.7% | 89,668 | $30.71 | — | $2.8M | Trimmed −1% |
| 39 | — | ZIFF DAVIS INC | 0.6% | 50,602 | $52.37 | — | $2.7M | Trimmed −26% |
| 40 | — | MAPLEBEAR INC | 0.5% | 45,645 | $47.35 | — | $2.2M | Added +0% |
| 41 | — | RESIDEO TECHNOLOGIES INC | 0.5% | 68,931 | $31.10 | — | $2.1M | Trimmed −1% |
| 42 | — | AMERIPRISE FINL INC | 0.5% | 4,428 | $458.76 | — | $2.0M | New |
| 43 | — | LYONDELLBASELL INDUSTRIES NV | 0.5% | 38,000 | $52.65 | — | $2.0M | Held +0% |
| 44 | — | BUILDERS FIRSTSOURCE INC | 0.4% | 19,115 | $89.48 | — | $1.7M | Added +1% |
| 45 | — | CARLYLE GROUP INC | 0.4% | 40,000 | $42.11 | — | $1.7M | Held +0% |
| 46 | — | SHIFT4 PMTS INC | 0.3% | 29,965 | $48.64 | — | $1.5M | Trimmed −0% |
| 47 | — | PERDOCEO ED CORP | 0.3% | 40,288 | $32.00 | — | $1.3M | Trimmed −0% |
| 48 | — | AIRBNB INC | 0.3% | 8,921 | $143.10 | — | $1.3M | Trimmed −45% |
| 49 | — | PINTEREST INC | 0.3% | 57,860 | $21.03 | — | $1.2M | Trimmed −4% |
| 50 | — | COUPANG INC | 0.3% | 64,124 | $17.37 | — | $1.1M | Added +3% |
| 51 | — | SHARKNINJA INC | 0.2% | 5,932 | $152.27 | — | $903266 | Added +3% |
| 52 | — | LITHIA MTRS INC | 0.2% | 2,712 | $290.49 | — | $787809 | Added +2% |
| 53 | — | VROOM INC | 0.1% | 58,488 | $7.70 | — | $450358 | Held +0% |
| 54 | — | UNITED NAT FOODS INC | 0.1% | 4,705 | $45.67 | — | $214877 | Trimmed −10% |
| 55 | — | TECHNIPFMC PLC | 0.0% | 3,170 | $66.30 | — | $210171 | Held +0% |
| 56 | — | TUTOR PERINI CORP | 0.0% | 2,470 | $82.97 | — | $204936 | Trimmed −12% |
| — | — | MASTERBRAND INC | — | 0 | — | — | $0 | Sold-Out −100% |
| — | — | PORTILLOS INC | — | 0 | — | — | $0 | Sold-Out −100% |
| — | — | STATE STR SPDR S&P 500 ETF T | — | 0 | — | — | $0 | Sold-Out −100% |
Reported price = value ÷ shares at the quarter-end — an average, NOT the manager's buy/sell price.
Current shows the stock's price change since the filing quarter-end (mapped names only) — it is the STOCK's move, not the manager's realized return (we don't know their cost basis or whether they still hold).
TradingPilot analysis of the reported 13F equity book
As of 2026Q2, Bill Miller's reported 13F book holds 56 equity positions; the top 5 are 32% of it.
- NABORS INDUSTRIES LTD — 8.8% of 13F
- GRAY MEDIA INC — 6.8% of 13F
- DIREXION SHARES ETF TRUST — 5.8% of 13F
- BLOOMIN BRANDS INC — 5.6% of 13F
- QUAD / GRAPHICS INC — 5.1% of 13F
This quarter: 6 new, 19 added, 22 trimmed, 3 sold out.
- CONDUENT INC — Added (+2,962,170 sh)
- GRAY MEDIA INC — Added (+1,873,290 sh)
- DAUCH CORP — Added (+886,185 sh)
- USA TODAY CO INC — Trimmed (−568,200 sh)
- BLOOMIN BRANDS INC — Added (+549,175 sh)