SEC 13F Intelligence

Managers / Q4 2020 · view latest →

MILLER VALUE PARTNERS, LLC

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

Reported Value
$3.3B
Q4 2020
Positions
102
Filings on Record
31
2019–present window
Filed
Feb 16, 2021
original filing

Summary

Miller Value Partners, LLC reported $3.3B in U.S.-listed holdings across 102 positions for Q4 2020.

Its largest position, FTCHQ, represents 4.7% of the portfolio.

Compared with Q3 2020, the fund opened 23 new positions and exited 14.

Portfolio Metrics

Turnover
+14.3%
vs prior filed quarter
Top-10 Concentration
+35.3%
share of reported value
Largest Position
+4.7%
Farfetch
New / Exited
23 / 14
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: 83.6%Other: 9.8%ADR: 4.9%MLP: 1.5%ETP: 0.2%Other: 0.0%
  • Common Stock · 83.6% · $2.7B
  • Other · 9.8% · $322M
  • ADR · 4.9% · $162M
  • MLP · 1.5% · $49M
  • ETP · 0.2% · $7M
  • Other · 0.0% · $68,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DESKTOP METAL INCNEW+7.91M7.91M+$126M$126M
NORWEGIAN CRUISE LINE HLDG LNEW+2.61M2.61M+$66M$66M
WW6WW INTL INCNEW+2.62M2.62M+$64M$64M
NFLXNETFLIX INCNEW+65.3K65.3K+$35M$35M
FANGDIAMONDBACK ENERGY INCNEW+581.0K581.0K+$28M$28M
INSU ACQUISITION CORP IINEW+749.8K749.8K+$12M$12M
MIGAMICROSTRATEGY INCNEW+3.5K3.5K+$1M$1M
ARLPALLIANCE RESOURCE PARTNERS LNEW+275.0K275.0K+$1M$1M

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

Holdings — Q4 2020

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FTCHQFARFETCH LTDhistory →ORD SH CL A4.69%$154M2.41M
2DXCDXC TECHNOLOGY COhistory →COM4.20%$138M5.36M
3AMZNAMAZON COM INChistory →COM3.90%$128M39.3K
4DESKTOP METAL INCCOM CL A3.82%$126M7.91M
5SFIXSTITCH FIX INChistory →COM CL A3.78%$124M2.12M
6OMFONEMAIN HLDGS INChistory →COM3.54%$116M2.42M
7ADTADT INC DELhistory →COM2.99%$98M12.54M
8METAFACEBOOK INChistory →CL A2.94%$97M354.4K
9BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS2.79%$92M394.2K
10VRMUSDVROOM INChistory →COM2.60%$86M2.09M
11TMHCTAYLOR MORRISON HOME CORPhistory →COM2.53%$83M3.25M
12AYIACUITY BRANDS INChistory →COM2.42%$79M656.2K
13REALTHE REALREAL INChistory →COM2.26%$74M3.81M
14RKTROCKET COS INChistory →COM CL A2.26%$74M3.67M
15PGENPRECIGEN INChistory →COM2.21%$73M7.13M
16GOOGLALPHABET INChistory →CAP STK CL A2.19%$72M41.1K
17BHCBAUSCH HEALTH COS INChistory →COM2.17%$71M3.42M
18TEVATEVA PHARMACEUTICAL INDS LTDhistory →SPONSORED ADS2.10%$69M7.14M
19COFCAPITAL ONE FINL CORPhistory →COM2.09%$69M694.0K
20NORWEGIAN CRUISE LINE HLDG LSHS2.02%$66M2.61M
21WW6WW INTL INChistory →COM1.94%$64M2.62M
22UBERUBER TECHNOLOGIES INChistory →COM1.91%$63M1.23M
23QUOTUSDQUOTIENT TECHNOLOGY INChistory →COM1.84%$61M6.42M
24HWAYEURTIVITY HEALTH INChistory →COM1.81%$59M3.04M
25DALDELTA AIR LINES INC DELhistory →COM NEW1.77%$58M1.45M
26JPMJPMORGAN CHASE & COhistory →COM1.73%$57M448.5K
27GOOSCANADA GOOSE HLDGS INChistory →SHS SUB VTG1.72%$57M1.90M
28CCCHEMOURS COhistory →COM1.70%$56M2.26M
29BACBK OF AMERICA CORPhistory →COM1.70%$56M1.84M
30DISCAUSDDISCOVERY INChistory →COM SER A1.57%$52M1.72M
31FLEXION THERAPEUTICS INCCOM1.47%$48M4.20M
32ETENERGY TRANSFER LPhistory →COM UT LTD PTN1.45%$48M7.74M
33WDAYWORKDAY INChistory →CL A1.45%$48M199.5K
34TRVCCITIGROUP INChistory →COM NEW1.43%$47M761.9K
35BABOEING COhistory →COM1.43%$47M219.0K
36NFLXNETFLIX INChistory →COM1.07%$35M65.3K
37ZIOPHARM ONCOLOGY INCCOM0.96%$31M12.47M
38FANGDIAMONDBACK ENERGY INChistory →COM0.86%$28M581.0K
39GNWGENWORTH FINL INChistory →COM CL A0.84%$28M7.29M
40APOEURAPOLLO GLOBAL MGMT INChistory →COM CL A0.37%$12M246.8K
41ATLAS CORPSHARES0.37%$12M1.11M
42INSU ACQUISITION CORP IICOM CL A0.35%$12M749.8K
43GTY TECHNOLOGY HOLDINGS INCCOM0.31%$10M1.95M
44PBIPITNEY BOWES INChistory →COM0.26%$9M1.39M
45GEGGEO GROUP INC NEWhistory →COM0.22%$7M825.6K
46PROSHARES TRULTRPRO S&P5000.21%$7M91.8K
47CHS1USDCHICOS FAS INChistory →COM0.20%$7M4.19M
48CGCARLYLE GROUP INChistory →COM0.18%$6M190.7K

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 ↗.