SEC 13F Intelligence

Managers / Q1 2025 · view latest →

MILLER VALUE PARTNERS, LLC

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

Reported Value
$219M
Q1 2025
Positions
34
Filings on Record
31
2019–present window
Filed
May 15, 2025
original filing

Summary

Miller Value Partners, LLC reported $219M in U.S.-listed holdings across 34 positions for Q1 2025.

Its largest position, LNC, represents 8.5% of the portfolio.

Compared with Q4 2024, the fund opened 4 new positions and exited 3.

Portfolio Metrics

Turnover
+13.9%
vs prior filed quarter
Top-10 Concentration
+56.5%
share of reported value
Largest Position
+8.5%
Lincoln Natl Corp Ind
New / Exited
4 / 3
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: 82.3%Other: 12.5%REIT: 3.4%MLP: 1.6%ADR: 0.2%
  • Common Stock · 82.3% · $181M
  • Other · 12.5% · $27M
  • REIT · 3.4% · $7M
  • MLP · 1.6% · $3M
  • ADR · 0.2% · $494,878

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BACVERIZON COMMUNICATIONS INCNEW+198.0K198.0K+$9M$9M
JELDJELD-WEN HLDG INCNEW+776.4K776.4K+$5M$5M
EASTERLY GOVT PPTYS INCNEW+367.0K367.0K+$4M$4M
LYONDELLBASELL INDUSTRIES NNEW+38.0K38.0K+$3M$3M
ATKRATKORE INCSOLD OUT−37.0K0−$3M$0
TEVATEVA PHARMACEUTICAL INDS LTDSOLD OUT−10.9K0−$241,338$0
PBIPITNEY BOWES INCSOLD OUT−24.3K0−$175,635$0
DCHAMERICAN AXLE & MFG HLDGS INADDED+466.1K995.7K+$964,951$4M

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

Holdings — Q1 2025

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LNCLINCOLN NATL CORP INDhistory →COM8.50%$19M519.3K
2NABORS INDUSTRIES LTDSHS7.39%$16M388.7K
3BFHBREAD FINANCIAL HOLDINGS INChistory →COM7.07%$16M309.8K
4GTNGRAY MEDIA INChistory →COM7.04%$15M3.58M
5QUADQUAD / GRAPHICS INChistory →COM CL A6.39%$14M2.57M
6JXNJACKSON FINANCIAL INChistory →COM CL A4.62%$10M121.0K
7UGIUGI CORP NEWhistory →COM4.40%$10M292.0K
8BACVERIZON COMMUNICATIONS INChistory →COM4.09%$9M198.0K
9TDAYGANNETT CO INChistory →COM3.57%$8M2.71M
10CTOCTO RLTY GROWTH INC NEWhistory →COM3.38%$7M383.9K
11OMFONEMAIN HLDGS INChistory →COM3.32%$7M149.0K
12BMYBRISTOL-MYERS SQUIBB COhistory →COM3.00%$7M108.0K
13WEAWESTERN ALLIANCE BANCORPhistory →COM2.92%$6M83.5K
14CHRDCHORD ENERGY CORPORATIONhistory →COM NEW2.71%$6M52.8K
15VTRSVIATRIS INChistory →COM2.46%$5M619.0K
16UNFIUNITED NAT FOODS INChistory →COM2.36%$5M189.0K
17CNDTCONDUENT INChistory →COM2.31%$5M1.88M
18JELDJELD-WEN HLDG INChistory →COM2.11%$5M776.4K
19MIGAMICROSTRATEGY INChistory →CL A NEW2.00%$4M15.3K
20STELLANTIS N.VSHS1.99%$4M390.0K
21DCHAMERICAN AXLE & MFG HLDGS INhistory →COM1.85%$4M995.7K
22BKEBUCKLE INChistory →COM1.83%$4M105.0K
23BCCBOISE CASCADE CO DELhistory →COM1.79%$4M40.0K
24EASTERLY GOVT PPTYS INCCOM1.77%$4M367.0K
25BBWBUILD-A-BEAR WORKSHOP INChistory →COM1.69%$4M100.0K
26ARLPALLIANCE RESOURCE PARTNERS Lhistory →UT LTD PART1.58%$3M127.0K
27FOSLFOSSIL GROUP INChistory →COM1.55%$3M2.97M
28TAT&T INChistory →COM1.50%$3M116.0K
29CGCARLYLE GROUP INChistory →COM1.39%$3M70.0K
30LYONDELLBASELL INDUSTRIES NSHS - A -1.22%$3M38.0K
31TPCTUTOR PERINI CORPhistory →COM0.96%$2M90.6K
32SMLRSEMLER SCIENTIFIC INChistory →COM0.87%$2M53.0K
33TOTALENERGIES SESPONSORED ADS0.23%$494,8787.7K
34TECHNIPFMC PLCCOM0.12%$259,3838.2K

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 ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • EXCHANGE TRADED CONCEPTS, LLC028-19670

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 ↗.