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← Bill Miller

Bill Miller's 2025Q4 portfolio

Bill Miller (Miller Value Partners) held 33 positions as of Dec 31, 2025, with the largest position at 11.5% of the portfolio.

Showing positions still held at the most recent quarter so their historical weights can be reconstructed. Positions that were held in 2025Q4but have since been exited aren't included in this table — for a full point-in-time reconstruction, use the SEC EDGAR filing directly.

Holdings as of Dec 31, 2025 (33)

  1. 1NBRNabors Industries Ltd
    % port
    11.5%
    +1.4pp vs prior Qnow 10.0%
  2. 2LNCLincoln National Corp
    % port
    7.9%
    +0.2pp vs prior Qnow 5.3%
  3. 3GTNGray Media Inc
    % port
    6.8%
    -0.8pp vs prior Qnow 6.1%
  4. 4TDAYUsa Today CO Inc
    % port
    6.2%
    +1.0pp vs prior Qnow 3.6%
  5. 5QUADQuad Graphics Inc
    % port
    6.0%
    now 4.6%
  6. 6BFHBread Financial Holdings Inc
    % port
    5.3%
    -0.3pp vs prior Qnow 3.8%
  7. 7FOSLFossil Group Inc
    % port
    4.2%
    +1.1pp vs prior Qnow 2.7%
  8. 8DCHDauch Corporation
    % port
    3.9%
    +0.1pp vs prior Qnow 2.2%
  9. 9CNDTConduent Inc
    % port
    3.8%
    -0.4pp vs prior Qnow 3.3%
  10. 10JELDJeld-wen Holding Inc
    % port
    3.6%
    -0.1pp vs prior Qnow 2.1%
  11. 11UGIUgi Corp
    % port
    3.5%
    +0.3pp vs prior Qnow 1.1%
  12. 12ITRNIturan Location And Control
    % port
    3.3%
    +0.4pp vs prior Qnow 2.6%
  13. 13JXNJackson Financial Inc-a
    % port
    3.2%
    -0.3pp vs prior Qnow 2.2%
  14. 14UPSUnited Parcel Service-cl B
    % port
    3.0%
    +0.4pp vs prior Q
  15. 15VZVerizon Communications Inc
    % port
    2.8%
    -0.4pp vs prior Qnow 2.2%
  16. 16CTOCto Realty Growth Inc
    % port
    2.8%
    +0.2pp vs prior Qnow 2.7%
  17. 17VTRSViatris Inc
    % port
    2.7%
    +0.5pp vs prior Qnow 2.6%
  18. 18BMYBristol-myers Squibb CO
    % port
    2.1%
    +0.3pp vs prior Qnow 1.1%
  19. 19OMFOnemain Holdings Inc
    % port
    2.0%
    now 1.2%
  20. 20WALWestern Alliance Bancorp
    % port
    1.9%
    -0.1pp vs prior Qnow 1.0%
  21. 21CHRDChord Energy Corp
    % port
    1.9%
    now 2.6%
  22. 22CALMCal-maine Foods Inc
    % port
    1.7%
    -0.4pp vs prior Qnow 1.3%
  23. 23BBWBuild-a-bear Workshop Inc
    % port
    1.7%
    -0.7pp vs prior Qnow 1.0%
  24. 24MSTRStrategy Inc
    % port
    1.4%
    -0.5pp vs prior Qnow 1.7%
  25. 25ARLPAlliance Resource Partners
    % port
    1.1%
    now 1.3%
  26. 26BCCBoise Cascade CO
    % port
    1.0%
    now 0.7%
  27. 27MRPMillrose Properties
    % port
    0.9%
    now 1.3%
  28. 28CGCarlyle Group Inc/the
    % port
    0.8%
    now 0.5%
  29. 29(cusip)Lyondellbasell Industries NV
    % port
    0.6%
    -0.1pp vs prior Qnow 0.8%
  30. 30UPBDUpbound Group Inc
    % port
    0.4%
    +0.3pp vs prior Qnow 0.6%
  31. 31TPCTutor Perini Corp
    % port
    0.2%
    now 0.1%
  32. 32UNFIUnited Natural Foods Inc
    % port
    0.1%
    -0.9pp vs prior Q
  33. 33(cusip)Technipfmc Plc
    % port
    0.1%

13F-HR filings disclose long US-equity positions only. 13Fs don't cover shorts, bonds, derivatives, or non-US listings, so the picture here is the public part of the portfolio — not the whole.

Not investment advice.