Miller Value Partners portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Miller Value Partners reported a $423M portfolio of 56 positions to the SEC as of the end of Q2 2026. Its largest positions are NBR, GTN, SPUU. During the quarter it opened Direxion Shares ETF Trust and Coty and exited State Str Spdr S&P 500 ETF T.
Sections with a free account
What it reported after the quarter end (Q2 2026)
The 13F shows the portfolio as of Jun 30, 2026. Since then Miller Value Partners has filed these own trades with the SEC (Form 4, when it owns more than 10% of a company or holds a role in it) and stakes above 5% (13D and 13G). It is not everything it did: only what it must report before the next 13F.
- 13G/AQuad/GraphicsQUAD5.9 %
Stake reported in the company · event of Jul 24, 2026 · filed Aug 7, 2026 · filing ↗
- 13G/AConduentCNDT6.5 % → 8.4 %
Stake reported in the company · event of May 18, 2026 · filed Aug 7, 2026 · filing ↗
Stake reported in the company · event of May 13, 2026 · filed Aug 7, 2026 · filing ↗
What changed this quarter
40 positions with a change (4 new, 15 added to, 18 trimmed, 3 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Direxion Shares ETF Trust+5.8 ppof portfolioNew— → 5.8%
- State Str Spdr S&P 500 ETF T−4.6 ppof portfolioSold out5.1% → —
- Coty+2.0 ppof portfolioNew— → 2.0%
- Gray Media+35%more sharesIncreased6.1% → 6.8%
- Bread Financial Holdings−31%fewer sharesReduced3.8% → 3.4%
- Bloomin’ Brands+27%more sharesIncreased2.9% → 5.6%
- USA Today−29%fewer sharesReduced3.6% → 2.8%
- Dauch+63%more sharesIncreased2.2% → 2.9%
- Conduent+30%more sharesIncreased3.3% → 4.5%
- Ituran Location & Control−34%fewer sharesReduced2.6% → 1.9%
- Meta Platforms+0.9 ppof portfolioNew— → 0.9%
- Upbound Group+115%more sharesIncreased0.6% → 1.3%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Nabors IndustriesNBR8.8%
- Gray MediaGTN6.8%
- Direxion Shares ETF TrustSPUU5.8%
- Bloomin’ BrandsBLMN5.6%
- Quad/GraphicsQUAD5.1%
- Lincoln NationalLNC5.0%
- Crescent EnergyCRGY4.9%
- ConduentCNDT4.5%
- Bread Financial HoldingsBFH3.4%
- United Parcel ServiceUPS2.9%
- DauchDCH2.9%
- USA TodayTDAY2.8%
- ViatrisVTRS2.8%
- CTO Realty GrowthCTO2.7%
- JELD-WEN HoldingJELD2.5%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Communication Services 18%
- ● Energy 17%
- ● Financials 15%
- ● Consumer Discretionary 13%
- ● Industrials 12%
- ● No sector 6%
- ● Real Estate 5%
- ● Consumer Staples 4%
- ● Health Care 4%
- ● Materials 3%
- ● Information Technology 2%
- ● Utilities 1%
How its portfolio changed (8 quarters)
Q2 2026: 56
Q2 2026: 53%
Q2 2026: 13.4%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Sep 15, 2026 (high confidence).
The data, as reported: MILLER VALUE PARTNERS, LLC (CRD 110632): Manages registered funds; 5.D assets by client type: registered funds 60%, high net worth 32% (of $418M)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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