SEC 13F Intelligence

Managers / Q2 2023 · view latest →

MILLER VALUE PARTNERS, LLC

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

Reported Value
$152M
Q2 2023
Positions
46
Filings on Record
31
2019–present window
Filed
Aug 14, 2023
original filing

Summary

Miller Value Partners, LLC reported $152M in U.S.-listed holdings across 46 positions for Q2 2023.

Its largest position, Proshares Tr, represents 5.8% of the portfolio.

Compared with Q1 2023, the fund opened 4 new positions and exited 48.

Portfolio Metrics

Turnover
+3.4%
vs prior filed quarter
Top-10 Concentration
+49.0%
share of reported value
Largest Position
+5.8%
Proshares Tr
New / Exited
4 / 48
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 69.4%Other: 9.6%REIT: 8.9%ETP: 5.8%MLP: 2.6%Other: 3.6%
  • Common Stock · 69.4% · $106M
  • Other · 9.6% · $15M
  • REIT · 8.9% · $14M
  • ETP · 5.8% · $9M
  • MLP · 2.6% · $4M
  • Other · 3.6% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
STELLANTIS N.VNEW+496.0K496.0K+$9M$9M
TAT&T INCNEW+150.0K150.0K+$2M$2M
GTNGRAY TELEVISION INCNEW+177.4K177.4K+$1M$1M
BFHBREAD FINANCIAL HOLDINGS INCNEW+25.7K25.7K+$807,508$807,508
WEAWESTERN ALLIANCE BANCORPADDED+124.7K183.1K+$5M$7M
MBCMASTERBRAND INCADDED+45.0K85.0K+$666,950$988,550
EXPEEXPEDIA GROUP INCSOLD OUT−778.1K0−$75M$0
AMZNAMAZON COM INCSOLD OUT−695.0K0−$72M$0

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

Holdings — Q2 2023

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PROSHARES TRULTRPRO S&P5005.83%$9M186.9K
2STELLANTIS N.VSHS5.72%$9M496.0K
3VTRSVIATRIS INChistory →COM5.42%$8M825.5K
4OMFONEMAIN HLDGS INChistory →COM5.22%$8M181.7K
5CTOCTO RLTY GROWTH INC NEWhistory →COM4.93%$7M436.9K
6CHS1USDCHICOS FAS INChistory →COM4.81%$7M1.37M
7WEAWESTERN ALLIANCE BANCORPhistory →COM4.39%$7M183.1K
8JXNJACKSON FINANCIAL INChistory →COM CL A4.33%$7M215.1K
9BKEBUCKLE INChistory →COM4.32%$7M189.7K
10RILYB. RILEY FINANCIAL INChistory →COM4.00%$6M132.3K
11MPTMEDICAL PPTYS TRUST INChistory →COM4.00%$6M656.0K
12QUADQUAD / GRAPHICS INChistory →COM CL A3.97%$6M1.60M
13TDAYGANNETT CO INChistory →COM3.74%$6M2.53M
14MDC1USDM D C HLDGS INChistory →COM3.17%$5M103.0K
15NABORS INDUSTRIES LTDSHS3.06%$5M50.0K
16OGNORGANON & COhistory →COMMON STOCK3.04%$5M222.0K
17MEDMEDIFAST INChistory →COM2.72%$4M44.8K
18ARLPALLIANCE RESOURCE PARTNERS Lhistory →UT LTD PART2.64%$4M217.0K
19MICROSTRATEGY INCNOTE 0.750%12/12.21%$3M3.10M
20DCHAMERICAN AXLE & MFG HLDGS INhistory →COM2.11%$3M388.6K
21GEGGEO GROUP INC NEWhistory →COM1.80%$3M383.0K
22TPCTUTOR PERINI CORPhistory →COM1.78%$3M378.6K
23EXECHESAPEAKE ENERGY CORPhistory →COM1.61%$2M29.2K
24TAT&T INChistory →COM1.57%$2M150.0K
25BLDRBUILDERS FIRSTSOURCE INChistory →COM1.52%$2M17.0K
26CWHCAMPING WORLD HLDGS INChistory →CL A1.33%$2M67.0K
27CROXCROCS INChistory →COM1.22%$2M16.5K
28VALE S ASPONSORED ADS1.02%$2M115.0K
29CNDTCONDUENT INChistory →COM0.93%$1M415.1K
30GTNGRAY TELEVISION INChistory →COM0.92%$1M177.4K
31ABNBAIRBNB INChistory →COM CL A0.80%$1M9.5K
32BZHBEAZER HOMES USA INChistory →COM NEW0.65%$990,15035.0K
33MBCMASTERBRAND INChistory →COMMON STOCK0.65%$988,55085.0K
34BFHBREAD FINANCIAL HOLDINGS INChistory →COM0.53%$807,50825.7K
35ATKRATKORE INChistory →COM0.51%$779,7005.0K
36TECHNIPFMC PLCCOM0.50%$758,03845.6K
37TEVATEVA PHARMACEUTICAL INDS LTDhistory →SPONSORED ADS0.41%$618,49282.1K
38LADLITHIA MTRS INChistory →COM0.40%$608,2202.0K
39MTCHMATCH GROUP INC NEWhistory →COM0.39%$585,90014.0K
40PBIPITNEY BOWES INChistory →COM0.38%$581,636164.3K
41RICKRCI HOSPITALITY HLDGS INChistory →COM0.30%$463,5396.1K
42PRDOPERDOCEO ED CORPhistory →COM0.28%$429,45035.0K
43LYONDELLBASELL INDUSTRIES NSHS - A -0.27%$413,2354.5K
44BLUEGREEN VACATIONS HLDG CORCLASS A0.23%$356,50010.0K
45DIAMOND OFFSHORE DRILLING INCOM0.23%$356,00025.0K
46CLFCLEVELAND-CLIFFS INC NEWhistory →COM0.13%$202,76212.1K

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 ↗.