SEC 13F Intelligence

Managers / Q4 2019 · view latest →

MILLER VALUE PARTNERS, LLC

CIK 0001135778 · 50 S. LEMON AVE #302, SARASOTA, FL, 34236 · 410-454-3159

Reported Value
$2.8B
Q4 2019
Positions
95
Filings on Record
31
2019–present window
Filed
Feb 14, 2020
original filing

Summary

Miller Value Partners, LLC reported $2.8B in U.S.-listed holdings across 95 positions for Q4 2019.

Its largest position, ADT, represents 4.4% of the portfolio.

Compared with Q3 2019, the fund opened 7 new positions and exited 13.

Portfolio Metrics

Turnover
+6.0%
vs prior filed quarter
Top-10 Concentration
+36.4%
share of reported value
Largest Position
+4.4%
Adt
New / Exited
7 / 13
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $2.2BQ4 ’18Q1 ’19: $2.5BQ2 ’19: $2.6BQ3 ’19: $2.5BQ4 ’19: $2.8BQ4 ’19Q1 ’20: $1.6BQ2 ’20: $2.3BQ3 ’20: $2.8BQ4 ’20: $3.3BQ4 ’20Q1 ’21: $3.9BQ2 ’21: $4.2BQ3 ’21: $4.3BQ4 ’21: $3.7BQ4 ’21Q1 ’22: $3.1BQ2 ’22: $2.0BQ3 ’22: $1.6BQ4 ’22: $1.6BQ4 ’22Q1 ’23: $1.6BQ2 ’23: $152MQ3 ’23: $159MQ4 ’23: $168MQ4 ’23Q1 ’24: $156MQ2 ’24: $157MQ3 ’24: $177MQ4 ’24: $234MQ4 ’24Q1 ’25: $219MQ2 ’25: $236MQ3 ’25: $272MQ4 ’25: $284MQ4 ’25Q1 ’26: $383Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 80.4%Other: 12.7%ADR: 5.8%MLP: 0.8%ETP: 0.4%
  • Common Stock · 80.4% · $2.3B
  • Other · 12.7% · $358M
  • ADR · 5.8% · $164M
  • MLP · 0.8% · $21M
  • ETP · 0.4% · $11M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FTCHQFARFETCH LTDNEW+5.32M5.32M+$55M$55M
CENTENNIAL RESOURCE DEV INCNEW+1.24M1.24M+$6M$6M
UAUNDER ARMOUR INCNEW+52.0K52.0K+$997,000$997,000
MSGNMSG NETWORK INCNEW+57.0K57.0K+$992,000$992,000
TDAYGANNETT CO INC NEWNEW+140.4K140.4K+$896,000$896,000
DXCDXC TECHNOLOGY CONEW+8.3K8.3K+$310,000$310,000
CNXCNX RESOURCES CORPORATIONNEW+18.8K18.8K+$166,000$166,000
ETENERGY TRANSFER LPADDED+806.7K1.10M+$10M$14M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2019

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ADTADT INChistory →COM4.42%$125M15.72M
2BHCBAUSCH HEALTH COS INChistory →COM4.14%$117M3.90M
3AMZNAMAZON COM INChistory →COM3.97%$112M60.5K
4OMFONEMAIN HLDGS INChistory →COM3.63%$102M2.42M
5FLEXION THERAPEUTICS INCCOM3.62%$102M4.93M
6MEDMEDIFAST INChistory →COM3.59%$101M924.1K
7TEVATEVA PHARMACEUTICAL INDS LTDhistory →SPONSORED ADS3.42%$96M9.83M
8RHRHhistory →COM3.38%$95M446.6K
9MUMICRON TECHNOLOGY INChistory →COM3.11%$88M1.63M
10BHFBRIGHTHOUSE FINL INChistory →COM3.11%$88M2.23M
11LENLENNAR CORPhistory →CL A2.95%$83M1.49M
12GNWGENWORTH FINL INChistory →COM CL A2.91%$82M18.66M
13HWAYEURTIVITY HEALTH INChistory →COM2.75%$78M3.81M
14AALAMERICAN AIRLS GROUP INChistory →COM2.75%$78M2.70M
15METAFACEBOOK INChistory →CL A2.72%$77M373.7K
16JPMJPMORGAN CHASE & COhistory →COM2.67%$75M539.5K
17QUOTUSDQUOTIENT TECHNOLOGY INChistory →COM2.60%$73M7.45M
18ENDO INTL PLCSHS2.59%$73M15.57M
19NXP SEMICONDUCTORS N VCOM2.45%$69M543.1K
20DALDELTA AIR LINES INC DELhistory →COM NEW2.41%$68M1.16M
21SFIXSTITCH FIX INChistory →COM CL A2.36%$67M2.59M
22BACBANK AMER CORPhistory →COM2.25%$63M1.80M
23PTONPELOTON INTERACTIVE INChistory →CL A COM2.20%$62M2.19M
24BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS2.19%$62M290.7K
25ZIOPHARM ONCOLOGY INCCOM2.13%$60M12.73M
26CVSCVS HEALTH CORPhistory →COM2.00%$56M759.2K
27FTCHQFARFETCH LTDhistory →ORD SH CL A1.95%$55M5.32M
28DISCAUSDDISCOVERY INChistory →COM SER A1.85%$52M1.59M
29TRVCCITIGROUP INChistory →COM NEW1.84%$52M650.3K
30XONUSDINTREXON CORPhistory →COM1.64%$46M8.42M
31QCOMQUALCOMM INChistory →COM1.59%$45M506.5K
32UALUNITED AIRLINES HLDGS INChistory →COM1.58%$44M504.3K
33EB4EVENTBRITE INChistory →COM CL A1.56%$44M2.18M
34ALXNALEXION PHARMACEUTICALS INChistory →COM1.49%$42M388.4K
35AVPUSDAVON PRODS INChistory →COM0.80%$23M4.02M
36PBIPITNEY BOWES INChistory →COM0.74%$21M5.17M
37CARLYLE GROUP L PCOM UTS LTD PTN0.66%$19M577.9K
38APOEURAPOLLO GLOBAL MGMT INChistory →COM CL A0.62%$18M366.9K
39CHGGCHEGG INChistory →COM0.57%$16M425.0K
40WLHUSDLYON WILLIAM HOMEShistory →CL A NEW0.56%$16M785.3K
41ETENERGY TRANSFER LPhistory →COM UT LTD PTN0.50%$14M1.10M
42GTY TECHNOLOGY HOLDINGS INCCOM0.40%$11M1.89M
43PROSHARES TRULTRPRO S&P5000.36%$10M145.6K
44WDWALKER & DUNLOP INChistory →COM0.34%$10M148.0K
45CTLEURCENTURYLINK INChistory →COM0.33%$9M710.4K
46SEASPAN CORPSHS0.30%$8M596.8K
47BCBCADCOTT CORP QUEhistory →COM0.29%$8M600.0K
48ANFABERCROMBIE & FITCH COhistory →CL A0.28%$8M459.0K
49NGLNGL ENERGY PARTNERS LPhistory →COM UNIT REPST0.25%$7M618.1K
50QUADQUAD / GRAPHICS INChistory →COM CL A0.23%$6M1.36M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$383M55May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$284M34Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$272M36Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$236M33Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$219M34May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$234M33Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$177M30Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$157M29Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$156M30May 7, 202413F-HRchanges · EDGAR ↗
Q4 2023$168M42Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$159M46Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$152M46Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.6B90May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.6B84Feb 14, 2023RESTATEMENTchanges · EDGAR ↗
Q3 2022$1.6B92Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.0B119Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$3.1B126May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$3.7B129Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$4.3B125Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$4.2B124Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$3.9B114May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$3.3B102Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.8B90Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$2.3B79Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.6B73May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.8B95Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.5B101Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.6B102Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$2.5B102May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$2.2B102Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.