SEC 13F Intelligence

Managers / Q2 2019 · view latest →

Miller Investment Management, LP

CIK 0001407382 · ONE TOWER BRIDGE, SUITE 1500, WEST CONSHOHOCKEN, PA, 19428 · 610-834-9820

Reported Value
$438M
Q2 2019
Positions
77
Filings on Record
30
2019–present window
Filed
Aug 1, 2019
original filing

Summary

Miller Investment Management, LP reported $438M in U.S.-listed holdings across 77 positions for Q2 2019.

The portfolio is heavily concentrated: Spdr S P 500 Etf Tr alone accounts for 28.6% of reported value.

Compared with Q1 2019, the fund opened 2 new positions and exited 2.

Portfolio Metrics

Turnover
+1.2%
vs prior filed quarter
Top-10 Concentration
+81.7%
share of reported value
Largest Position
+28.6%
Spdr S P 500 Etf Tr
New / Exited
2 / 2
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: $340MQ4 ’18Q1 ’19: $381MQ2 ’19: $438MQ3 ’19: $440MQ4 ’19: $451MQ4 ’19Q1 ’20: $311MQ2 ’20: $340MQ3 ’20: $409MQ4 ’20: $537MQ4 ’20Q1 ’21: $541MQ2 ’21: $574MQ3 ’21: $582MQ4 ’21: $699MQ4 ’21Q1 ’22: $635MQ2 ’22: $486MQ3 ’22: $479MQ4 ’22: $587MQ4 ’22Q1 ’23: $606MQ2 ’23: $656MQ3 ’23: $635MQ4 ’23: $703MQ4 ’23Q1 ’24: $783MQ2 ’24: $837MQ3 ’24: $960MQ4 ’24: $914MQ4 ’24Q1 ’25: $904MQ2 ’25: $952MQ3 ’25: $995MQ4 ’25: $1.0BQ4 ’25Q1 ’26: $1.0Bfilingsflow.com

Portfolio Composition

By security type
ETP: 78.5%Common Stock: 20.7%Other: 0.7%MLP: 0.0%
  • ETP · 78.5% · $344M
  • Common Stock · 20.7% · $91M
  • Other · 0.7% · $3M
  • MLP · 0.0% · $217,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
INVESCO EXCHNG TRADED FD TRNEW+338.1K338.1K+$17M$17M
AZPNUSDASPEN TECHNOLOGY INCNEW+1.7K1.7K+$205,000$205,000
DGXQUEST DIAGNOSTICS INCADDED+11.6K18.4K+$1M$2M
ISHARES TRADDED+248.2K486.1K+$14M$29M
LLYLILLY ELI & COSOLD OUT−1.6K0−$203,000$0
GOOGALPHABET INCSOLD OUT−1540−$181,000$0
CITCINTAS CORPTRIMMED−1.0K1.0K−$170,000$238,000
MSFTMICROSOFT CORPORATIONTRIMMED−3.9K10.5K−$286,000$1M

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

Holdings — Q2 2019

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPDR S&P 500 ETF TRTR UNIT28.58%$125M427.0K
2VANGUARD INTL EQUITY INDEX FALLWRLD EX US16.64%$73M1.43M
3ISHARES TRMSCI CHINA ETF · CORE S&P SCP ETF · CORE S&P US VLU · RUSSELL 2000 ETF15.28%$67M1.02M
4SELECT SECTOR SPDR TRSBI HEALTHCARE7.38%$32M348.9K
5CNCCENTENE CORP DELhistory →COM5.03%$22M420.2K
6INVESCO EXCHNG TRADED FD TRKBW BK ETF3.90%$17M338.1K
7JP MORGAN EXCHANGE TRADED FDULTRA SHRT INC3.72%$16M323.2K
8VANGUARD INDEX FDSMID CAP ETF · TOTAL STK MKT2.46%$11M65.1K
9URIUNITED RENTALS INCCOM0.70%$3M23.0K
10PNCPNC FINL SVCS GROUP INCCOM0.69%$3M22.1K
11SWKSTANLEY BLACK & DECKER INCCOM0.59%$3M17.8K
12LOWLOWES COS INCCOM0.58%$3M25.2K
13JNJJOHNSON AND JOHNSONCOM0.57%$2M17.8K
14MEDTRONIC INCCOM0.56%$2M25.2K
15BLKCHFBLACKROCK INCCOM0.55%$2M5.1K
16UTXZUNITED TECHNOLOGIESCOM0.52%$2M17.5K
17CMCSACOMCAST CORP NEWCL A0.51%$2M52.8K
18BACVERIZON COMMUNICATIONS INCCOM0.51%$2M39.0K
19BDXBECTON DICKINSON & COCOM0.51%$2M8.8K
20KMBKIMBERLY-CLARK CORPCOM0.45%$2M14.6K
21MMM3M COMPANYCOM0.44%$2M11.1K
22UPSUNITED PARCEL SERVICE INCCL B0.44%$2M18.6K
23EMREMERSON ELEC COCOM0.43%$2M28.3K
24DGXQUEST DIAGNOSTICS INCCOM0.43%$2M18.4K
25JPMJPMORGAN CHASE & COCOM0.41%$2M16.1K
26WFCWELLS FARGO & CO NEWCOM0.41%$2M37.8K
27DOVDOVER CORPCOM0.40%$2M17.7K
28CCKCROWN HOLDINGS INCCOM0.40%$2M28.8K
29AAPLAPPLE INCCOM0.38%$2M8.4K
30GPCGENUINE PARTS COCOM0.38%$2M16.1K
31WMTWAL-MART STORES INCCOM0.37%$2M14.7K
32ITWILLINOIS TOOL WKS INCCOM0.37%$2M10.7K
33MSFTMICROSOFT CORPORATIONCOM0.32%$1M10.5K
34VANGUARD SPECIALIZED PORTFOLDIV APP ETF0.31%$1M11.9K
35WBAWALGREENS BOOTS ALLIANCE INCCOM0.30%$1M24.2K
36CHVCHEVRON CORPCOM0.29%$1M10.2K
37PFEPFIZER INCCOM0.29%$1M29.0K
38CSCOCISCO SYS INCCOM0.28%$1M22.5K
39CAHCARDINAL HEALTH INCCOM0.27%$1M25.5K
40CB1ACONSTELLATION BRANDS INCCL A0.27%$1M6.0K
41AMGNAMGEN INCCOM0.22%$964,0005.2K
42DEDEERE & COMPANYCOM0.19%$822,0005.0K
43EXMOCEXXON MOBIL CORPCOM0.17%$752,0009.8K
44ABTABBOTT LABSCOM0.16%$717,0008.5K
45HDHOME DEPOT INCCOM0.16%$685,0003.3K
46INTCINTEL CORPCOM0.14%$622,00013.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.0B86May 8, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.0B89Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$995M98Nov 10, 202513F-HRchanges · EDGAR ↗
Q2 2025$952M96Aug 6, 202513F-HRchanges · EDGAR ↗
Q1 2025$904M97May 7, 202513F-HRchanges · EDGAR ↗
Q4 2024$914M100Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$960M104Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$837M103Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$783M105May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$703M102Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$635M97Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$656M96Aug 15, 202313F-HRchanges · EDGAR ↗
Q1 2023$606M95May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$587M94Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$479M90Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$486M90Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$635M96May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$699M96Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$582M89Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$574M80Aug 6, 202113F-HRchanges · EDGAR ↗
Q1 2021$541M79May 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$537M77Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$409M69Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$340M68Aug 7, 202013F-HRchanges · EDGAR ↗
Q1 2020$311M72May 7, 202013F-HRchanges · EDGAR ↗
Q4 2019$451M78Feb 3, 202013F-HRchanges · EDGAR ↗
Q3 2019$440M77Nov 7, 201913F-HRchanges · EDGAR ↗
Q2 2019$438M77Aug 1, 201913F-HRchanges · EDGAR ↗
Q1 2019$381M77May 9, 201913F-HRchanges · EDGAR ↗
Q4 2018$340M75Feb 11, 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 ↗.