SEC 13F Intelligence

Managers / Q3 2023 · view latest →

MILLER VALUE PARTNERS, LLC

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

Reported Value
$159M
Q3 2023
Positions
46
Filings on Record
31
2019–present window
Filed
Nov 14, 2023
original filing

Summary

Miller Value Partners, LLC reported $159M in U.S.-listed holdings across 46 positions for Q3 2023.

Its largest position, Stellantis N V, represents 6.0% of the portfolio.

Compared with Q2 2023, the fund opened 4 new positions and exited 4.

Portfolio Metrics

Turnover
+18.0%
vs prior filed quarter
Top-10 Concentration
+48.9%
share of reported value
Largest Position
+6.0%
Stellantis N V
New / Exited
4 / 4
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: 73.8%Other: 10.6%REIT: 6.5%ETP: 4.8%MLP: 2.1%Other: 2.2%
  • Common Stock · 73.8% · $117M
  • Other · 10.6% · $17M
  • REIT · 6.5% · $10M
  • ETP · 4.8% · $8M
  • MLP · 2.1% · $3M
  • Other · 2.2% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HRBBLOCK H & R INCNEW+135.0K135.0K+$6M$6M
WIREEURENCORE WIRE CORPNEW+20.0K20.0K+$4M$4M
EXPEEXPEDIA GROUP INCNEW+15.0K15.0K+$2M$2M
FOSLFOSSIL GROUP INCNEW+554.8K554.8K+$1M$1M
BFHBREAD FINANCIAL HOLDINGS INCADDED+193.6K219.3K+$7M$7M
TAT&T INCADDED+365.0K515.0K+$5M$8M
MDC1USDM D C HLDGS INCSOLD OUT−103.0K0−$5M$0
CWHCAMPING WORLD HLDGS INCSOLD OUT−67.0K0−$2M$0

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

Holdings — Q3 2023

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1STELLANTIS N.VSHS5.96%$9M496.0K
2JXNJACKSON FINANCIAL INChistory →COM CL A5.30%$8M220.6K
3WEAWESTERN ALLIANCE BANCORPhistory →COM5.29%$8M183.1K
4QUADQUAD / GRAPHICS INChistory →COM CL A5.07%$8M1.60M
5TAT&T INChistory →COM4.86%$8M515.0K
6PROSHARES TRULTRPRO S&P5004.84%$8M186.9K
7BFHBREAD FINANCIAL HOLDINGS INChistory →COM4.71%$7M219.3K
8VTRSVIATRIS INChistory →COM4.41%$7M711.5K
9CTOCTO RLTY GROWTH INC NEWhistory →COM4.37%$7M428.9K
10OMFONEMAIN HLDGS INChistory →COM4.08%$6M162.0K
11BKEBUCKLE INChistory →COM3.98%$6M189.7K
12TDAYGANNETT CO INChistory →COM3.89%$6M2.53M
13NABORS INDUSTRIES LTDSHS3.77%$6M48.7K
14HRBBLOCK H & R INChistory →COM3.65%$6M135.0K
15RILYB. RILEY FINANCIAL INChistory →COM2.97%$5M115.3K
16OGNORGANON & COhistory →COMMON STOCK2.97%$5M272.0K
17WIREEURENCORE WIRE CORPhistory →COM2.29%$4M20.0K
18MPTMEDICAL PPTYS TRUST INChistory →COM2.14%$3M626.0K
19CHS1USDCHICOS FAS INChistory →COM2.14%$3M454.3K
20ARLPALLIANCE RESOURCE PARTNERS Lhistory →UT LTD PART2.11%$3M149.0K
21MICROSTRATEGY INCNOTE 0.750%12/12.10%$3M3.10M
22MEDMEDIFAST INChistory →COM1.98%$3M42.1K
23GEGGEO GROUP INC NEWhistory →COM1.97%$3M383.0K
24EXECHESAPEAKE ENERGY CORPhistory →COM1.58%$3M29.2K
25DCHAMERICAN AXLE & MFG HLDGS INhistory →COM1.46%$2M319.2K
26GTNGRAY TELEVISION INChistory →COM1.45%$2M333.8K
27CNDTCONDUENT INChistory →COM1.39%$2M635.5K
28TPCTUTOR PERINI CORPhistory →COM1.13%$2M230.1K
29BLDRBUILDERS FIRSTSOURCE INChistory →COM1.02%$2M13.0K
30EXPEEXPEDIA GROUP INChistory →COM NEW0.97%$2M15.0K
31CROXCROCS INChistory →COM0.92%$1M16.5K
32FOSLFOSSIL GROUP INChistory →COM0.72%$1M554.8K
33TECHNIPFMC PLCCOM0.57%$903,60444.4K
34ABNBAIRBNB INChistory →COM CL A0.52%$823,2606.0K
35MBCMASTERBRAND INChistory →COMMON STOCK0.46%$729,00060.0K
36PRDOPERDOCEO ED CORPhistory →COM0.38%$598,50035.0K
37ATKRATKORE INChistory →COM0.38%$596,7604.0K
38LADLITHIA MTRS INChistory →COM0.37%$590,6602.0K
39BZHBEAZER HOMES USA INChistory →COM NEW0.36%$572,93023.0K
40MTCHMATCH GROUP INC NEWhistory →COM0.34%$548,45014.0K
41LYONDELLBASELL INDUSTRIES NSHS - A -0.27%$426,1504.5K
42RICKRCI HOSPITALITY HLDGS INChistory →COM0.23%$370,0266.1K
43DIAMOND OFFSHORE DRILLING INCOM0.23%$367,00025.0K
44BLUEGREEN VACATIONS HLDG CORCLASS A0.23%$366,80010.0K
45TEVATEVA PHARMACEUTICAL INDS LTDhistory →SPONSORED ADS0.09%$145,09514.2K
46PBIPITNEY BOWES INChistory →COM0.08%$129,35942.8K

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 ↗.