Miller Value Partners, LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| NABORS INDUSTRIES LTD | NBR | $37.4M | 445,460 | -1.14pp | 25q | HELD | |
| GRAY MEDIA INC | GTN | $28.8M | 7,243,390 | +0.71pp | 13q | +34.9%+$7.4M | |
| DIREXION SHARES ETF TRUST | SPUU | $24.6M | 114,078 | - | new | NEW | |
| BLOOMIN BRANDS INC | BLMN | $23.6M | 2,585,909 | +2.72pp | 2q | +27.0%+$5.0M | |
| QUAD / GRAPHICS INC | QUAD | $21.4M | 2,538,299 | +0.48pp | 30q | -4.3%-$950.4K | |
| LINCOLN NATL CORP IND | LNC | $21.3M | 603,160 | -0.25pp | 10q | +5.7%+$1.1M | |
| CRESCENT ENERGY COMPANY | CRGY | $20.6M | 2,092,679 | -2.20pp | 2q | +4.5%+$879.4K | |
| CONDUENT INC | CNDT | $19.0M | 12,986,100 | +1.13pp | 22q | +29.6%+$4.3M | |
| BREAD FINANCIAL HOLDINGS INC | BFH | $14.4M | 132,798 | -0.38pp | 13q | -31.4%-$6.6M | |
| UNITED PARCEL SVCS INC | UPS | $12.5M | 116,003 | -0.11pp | 4q | -2.6%-$333.8K | |
| DAUCH CORP | DCH | $12.4M | 2,282,090 | +0.76pp | 18q | +63.5%+$4.8M | |
| USA TODAY CO INC | TDAY | $12.0M | 1,401,080 | -0.79pp | 24q | -28.9%-$4.9M | |
| VIATRIS INC | VTRS | $11.6M | 733,164 | +0.17pp | 23q | HELD | |
| CTO RLTY GROWTH INC NEW | CTO | $11.6M | 539,900 | +0.06pp | 19q | -2.9%-$347.5K | |
| JELD-WEN HLDG INC | JELD | $10.7M | 7,139,095 | +0.39pp | 6q | +7.8%+$778.8K | |
| FOSSIL GROUP INC | FOSL | $8.9M | 2,143,445 | -0.63pp | 12q | -11.6%-$1.2M | |
| COTY INC | COTY | $8.5M | 3,917,705 | - | new | NEW | |
| JACKSON FINANCIAL INC | JXN | $8.2M | 80,142 | -0.29pp | 19q | -0.7%-$55.1K | |
| ITURAN LOCATION AND CONTROL | ITRN | $8.2M | 133,700 | -0.68pp | 4q | -34.4%-$4.3M | |
| CHORD ENERGY CORPORATION | CHRD | $7.9M | 69,096 | -0.71pp | 10q | HELD | |
| VERIZON COMMUNICATIONS INC | VZ | $7.1M | 168,000 | -0.52pp | 6q | HELD | |
| MILLROSE PPTYS INC | MRP | $6.9M | 229,300 | +0.31pp | 3q | +26.8%+$1.5M | |
| UPBOUND GROUP INC | UPBD | $5.5M | 258,000 | +0.73pp | 4q | +115.0%+$2.9M | |
| ONEMAIN HLDGS INC | OMF | $5.1M | 82,941 | +0.04pp | 31q | HELD | |
| CAL MAINE FOODS INC | CALM | $5.0M | 62,000 | -0.10pp | 4q | HELD | |
| ALLIANCE RESOURCE PARTNERS L | ARLP | $4.5M | 186,981 | -0.28pp | 23q | +0.9%+$41.4K | |
| STRATEGY INC | MSTR | $4.4M | 50,203 | -0.66pp | 8q | -3.6%-$161.3K | |
| UGI CORP NEW | UGI | $4.2M | 121,000 | -0.16pp | 10q | HELD | |
| BUILD-A-BEAR WORKSHOP INC | BBW | $4.1M | 133,567 | -0.05pp | 9q | +28.8%+$913.2K | |
| BRISTOL-MYERS SQUIBB CO | BMY | $4.0M | 69,500 | -0.15pp | 10q | HELD | |
| META PLATFORMS INC | META | $3.6M | 6,412 | - | new | NEW | |
| CROCS INC | CROX | $3.5M | 28,856 | -0.01pp | 2q | -25.1%-$1.2M | |
| WESTERN ALLIANCE BANCORP | WAL | $3.4M | 41,755 | -0.21pp | 14q | -24.4%-$1.1M | |
| ARBOR REALTY TRUST INC | ABR | $3.3M | 611,000 | -0.43pp | 2q | +1.2%+$37.9K | |
| CITI TRENDS INC | CTRN | $3.1M | 54,200 | +0.13pp | 2q | +0.8%+$25.3K | |
| MERCADOLIBRE INC | MELI | $2.9M | 1,712 | -0.31pp | 2q | -22.7%-$853.8K | |
| BOISE CASCADE CO DEL | BCC | $2.9M | 37,000 | -0.05pp | 11q | HELD | |
| FIGURE TECHNOLOGY SOLUTIO | FIGR | $2.8M | 89,668 | -0.16pp | 2q | -1.5%-$41.2K | |
| ZIFF DAVIS INC | ZD | $2.7M | 50,602 | -0.12pp | 2q | -25.6%-$914.2K | |
| MAPLEBEAR INC | CART | $2.2M | 45,645 | +0.07pp | 2q | HELD | |
| RESIDEO TECHNOLOGIES INC | REZI | $2.1M | 68,931 | -0.11pp | 2q | -1.2%-$25.8K | |
| AMERIPRISE FINL INC | AMP | $2.0M | 4,428 | - | new | NEW | |
| LYONDELLBASELL INDUSTRIES NV | LYB | $2.0M | 38,000 | -0.33pp | 6q | HELD | |
| BUILDERS FIRSTSOURCE INC | BLDR | $1.7M | 19,115 | flat | 2q | +1.2%+$19.9K | |
| CARLYLE GROUP INC | CG | $1.7M | 40,000 | -0.11pp | 7q | HELD | |
| SHIFT4 PMTS INC | FOUR | $1.5M | 29,965 | flat | 2q | HELD | |
| PERDOCEO ED CORP | PRDO | $1.3M | 40,288 | -0.09pp | 2q | HELD | |
| AIRBNB INC | ABNB | $1.3M | 8,921 | -0.23pp | 2q | -44.7%-$1.0M | |
| PINTEREST INC | PINS | $1.2M | 57,860 | flat | 2q | -3.6%-$44.8K | |
| COUPANG INC | CPNG | $1.1M | 64,124 | -0.04pp | 2q | +2.6%+$27.7K | |
| SHARKNINJA INC | SN | $903.3K | 5,932 | +0.05pp | 2q | +2.7%+$23.9K | |
| LITHIA MTRS INC | LAD | $787.8K | 2,712 | +0.01pp | 2q | +2.2%+$16.8K | |
| VROOM INC | VRM | $450.4K | 58,488 | -0.10pp | 2q | HELD | |
| UNITED NAT FOODS INC | UNFI | $214.9K | 4,705 | -0.01pp | 9q | -10.4%-$24.9K | |
| TECHNIPFMC PLC | FTI | $210.2K | 3,170 | -0.01pp | 18q | HELD | |
| TUTOR PERINI CORP | TPC | $204.9K | 2,470 | -0.01pp | 18q | -11.6%-$27.0K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Telecom & Media | $71.9M | 17.0% |
| Energy | $65.9M | 15.6% |
| Retail & Consumer | $34.9M | 8.3% |
| Business Services | $33.5M | 7.9% |
| Banks & Lending | $30.0M | 7.1% |
| Insurance | $29.5M | 7.0% |
| Real Estate | $21.8M | 5.2% |
| Biotech & Pharma | $15.6M | 3.7% |
| Chemicals | $13.9M | 3.3% |
| Wholesale & Distribution | $13.4M | 3.2% |
| Transport & Logistics | $12.5M | 2.9% |
| Autos & Aerospace | $12.4M | 2.9% |
| Other sectors | $43.1M | 10.2% |
| Not classified | $24.6M | 5.8% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $423.1M | 56 | 4 | 17 | 19 | 3 | 52.8% | 45 |
| Q1 2026 | $383.2M | 55 | 22 | 13 | 15 | 1 | 51.9% | 45 |
| Q4 2025 | $283.8M | 34 | 1 | 12 | 8 | 3 | 59.2% | 48 |
| Q3 2025 | $272.2M | 36 | 4 | 6 | 16 | 1 | 57.3% | 45 |
| Q2 2025 | $235.7M | 33 | 1 | 13 | 3 | 2 | 58.7% | 45 |
| Q1 2025 | $219.4M | 34 | 4 | 12 | 4 | 3 | 56.5% | 45 |
| Q4 2024 | $234.2M | 33 | 3 | 16 | 3 | 0 | 58.8% | 45 |
| Q3 2024 | $177.2M | 30 | 2 | 12 | 10 | 1 | 57.1% | 45 |
| Q2 2024 | $156.6M | 29 | 2 | 7 | 10 | 3 | 58.4% | 44 |
| Q1 2024 | $156.4M | 30 | 5 | 6 | 19 | 17 | 59.5% | 37 |
| Q4 2023 | $168.4M | 42 | 2 | 10 | 10 | 6 | 56.5% | 45 |
| Q3 2023 | $159.1M | 46 | 4 | 6 | 19 | 4 | 48.9% | 45 |
| Q2 2023 | $152.0M | 46 | 4 | 15 | 16 | 48 | 49.0% | 45 |
| Q1 2023 | $1.6B | 90 | 19 | 20 | 39 | 9 | 40.3% | 45 |
| Q4 2022 | $1.6B | 80 | 9 | 15 | 44 | 16 | 39.5% | 45 |
| Q3 2022 | $1.6B | 87 | 10 | 29 | 31 | 31 | 41.7% | 45 |
| Q2 2022 | $2.0B | 108 | 14 | 20 | 39 | 16 | 43.8% | 46 |
| Q1 2022 | $3.1B | 110 | 16 | 24 | 32 | 21 | 40.8% | 46 |
| Q4 2021 | $3.7B | 115 | 15 | 34 | 31 | 12 | 43.9% | 45 |
| Q3 2021 | $4.3B | 112 | 14 | 20 | 45 | 14 | 50.0% | 46 |
| Q2 2021 | $4.2B | 112 | 17 | 31 | 32 | 10 | 38.5% | 47 |
| Q1 2021 | $3.9B | 105 | 20 | 25 | 42 | 9 | 38.4% | 47 |
| Q4 2020 | $3.3B | 94 | 23 | 22 | 37 | 14 | 42.7% | 47 |
| Q3 2020 | $2.8B | 85 | 10 | 24 | 37 | 3 | 44.0% | 47 |
| Q2 2020 | $2.3B | 78 | 12 | 29 | 30 | 7 | 41.3% | 45 |
| Q1 2020 | $1.6B | 73 | 11 | 25 | 30 | 28 | 39.2% | 45 |
| Q4 2019 | $2.8B | 90 | 7 | 32 | 34 | 13 | 36.6% | 45 |
| Q3 2019 | $2.5B | 96 | 12 | 26 | 28 | 11 | 37.9% | 45 |
| Q2 2019 | $2.6B | 95 | 11 | 26 | 27 | 16 | 39.3% | 45 |
| Q1 2019 | $2.5B | 100 | 13 | 27 | 18 | 13 | 36.7% | 45 |
| Q4 2018 | $2.2B | 100 | 0 | 0 | 0 | 0 | 38.7% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.