SEC 13F Intelligence

Managers / Q4 2023 · view latest →

MILLER VALUE PARTNERS, LLC

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

Reported Value
$168M
Q4 2023
Positions
42
Filings on Record
31
2019–present window
Filed
Feb 14, 2024
original filing

Summary

Miller Value Partners, LLC reported $168M in U.S.-listed holdings across 42 positions for Q4 2023.

Its largest position, Stellantis N V, represents 6.9% of the portfolio.

Compared with Q3 2023, the fund opened 2 new positions and exited 6.

Portfolio Metrics

Turnover
+13.3%
vs prior filed quarter
Top-10 Concentration
+56.5%
share of reported value
Largest Position
+6.9%
Stellantis N V
New / Exited
2 / 6
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: 70.8%Other: 10.8%REIT: 7.3%ETP: 6.1%US DOMESTIC: 3.0%Other: 2.0%
  • Common Stock · 70.8% · $119M
  • Other · 10.8% · $18M
  • REIT · 7.3% · $12M
  • ETP · 6.1% · $10M
  • US DOMESTIC · 3.0% · $5M
  • Other · 2.0% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CNCCENTENE CORP DELNEW+22.0K22.0K+$2M$2M
BCCBOISE CASCADE CO DELNEW+5.0K5.0K+$646,800$646,800
RILYB. RILEY FINANCIAL INCSOLD OUT−115.3K0−$5M$0
OGNORGANON & COSOLD OUT−272.0K0−$5M$0
CHS1USDCHICOS FAS INCSOLD OUT−454.3K0−$3M$0
EXECHESAPEAKE ENERGY CORPSOLD OUT−29.2K0−$3M$0
DIAMOND OFFSHORE DRILLING INSOLD OUT−25.0K0−$367,000$0
BLUEGREEN VACATIONS HLDG CORSOLD OUT−10.0K0−$366,800$0

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

Holdings — Q4 2023

42 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1STELLANTIS N.VSHS6.87%$12M496.0K
2WEAWESTERN ALLIANCE BANCORPhistory →COM6.82%$11M174.6K
3PROSHARES TRULTRPRO S&P5006.08%$10M186.9K
4JXNJACKSON FINANCIAL INChistory →COM CL A6.07%$10M199.8K
5BFHBREAD FINANCIAL HOLDINGS INChistory →COM6.02%$10M307.9K
6TAT&T INChistory →COM5.50%$9M552.0K
7QUADQUAD / GRAPHICS INChistory →COM CL A5.15%$9M1.60M
8OMFONEMAIN HLDGS INChistory →COM4.73%$8M162.0K
9BKEBUCKLE INChistory →COM4.66%$8M165.0K
10VTRSVIATRIS INChistory →COM4.58%$8M711.5K
11CTOCTO RLTY GROWTH INC NEWhistory →COM4.41%$7M428.9K
12TDAYGANNETT CO INChistory →COM3.41%$6M2.49M
13NABORS INDUSTRIES LTDSHS3.18%$5M65.6K
14WIREEURENCORE WIRE CORPhistory →COM3.08%$5M24.3K
15MICROSTRATEGY INCNOTE 0.750%12/13.03%$5M3.10M
16MPTMEDICAL PPTYS TRUST INChistory →COM2.89%$5M991.0K
17GEGGEO GROUP INC NEWhistory →COM2.46%$4M383.0K
18GTNGRAY TELEVISION INChistory →COM2.15%$4M404.0K
19ARLPALLIANCE RESOURCE PARTNERS Lhistory →UT LTD PART1.87%$3M149.0K
20HRBBLOCK H & R INChistory →COM1.81%$3M63.0K
21MEDMEDIFAST INChistory →COM1.68%$3M42.1K
22CNDTCONDUENT INChistory →COM1.57%$3M724.6K
23BLDRBUILDERS FIRSTSOURCE INChistory →COM1.29%$2M13.0K
24TPCTUTOR PERINI CORPhistory →COM1.24%$2M228.7K
25CROXCROCS INChistory →COM1.14%$2M20.5K
26DCHAMERICAN AXLE & MFG HLDGS INhistory →COM1.09%$2M208.6K
27CNCCENTENE CORP DELhistory →COM0.97%$2M22.0K
28MBCMASTERBRAND INChistory →COMMON STOCK0.93%$2M105.0K
29FOSLFOSSIL GROUP INChistory →COM0.87%$1M997.8K
30TECHNIPFMC PLCCOM0.52%$877,80243.6K
31ABNBAIRBNB INChistory →COM CL A0.49%$816,8406.0K
32BZHBEAZER HOMES USA INChistory →COM NEW0.46%$777,17023.0K
33EXPEEXPEDIA GROUP INChistory →COM NEW0.45%$758,9505.0K
34LADLITHIA MTRS INChistory →COM0.39%$658,5602.0K
35BCCBOISE CASCADE CO DELhistory →COM0.38%$646,8005.0K
36ATKRATKORE INChistory →COM0.38%$640,0004.0K
37PRDOPERDOCEO ED CORPhistory →COM0.37%$614,60035.0K
38MTCHMATCH GROUP INC NEWhistory →COM0.30%$511,00014.0K
39LYONDELLBASELL INDUSTRIES NSHS - A -0.25%$427,8604.5K
40RICKRCI HOSPITALITY HLDGS INChistory →COM0.24%$404,1866.1K
41PBIPITNEY BOWES INChistory →COM0.11%$188,47042.8K
42TEVATEVA PHARMACEUTICAL INDS LTDhistory →SPONSORED ADS0.08%$139,89613.4K

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 ↗.