# Miller Investment Management, LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1407382. Source: https://holderbook.com/funds/1407382-miller-investment-management-lp/

- Reported value: $1.1B
- Positions: 83
- Weight of the ten largest: 74.6%
- Filed: 2026-08-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $222.3M | 297,731 | 20.3% | 31 |
| SPDR SERIES TRUST | [BILS](https://holderbook.com/stocks/BILS/) | $121.7M | 1,225,012 | 11.1% | 9 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $89.5M | 1,537,843 | 8.2% | 16 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $79.4M | 158,746 | 7.3% | 20 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $76.7M | 1,300,506 | 7.0% | 4 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $67.5M | 649,538 | 6.2% | 16 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $62.7M | 95,530 | 5.7% | 22 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $33.8M | 59,978 | 3.1% | 19 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $32.0M | 89,592 | 2.9% | 18 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $31.1M | 90,501 | 2.8% | 16 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $30.6M | 328,285 | 2.8% | 15 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $30.5M | 192,381 | 2.8% | 20 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $21.1M | 191,472 | 1.9% | 23 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $18.4M | 171,942 | 1.7% | 15 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $17.4M | 243,657 | 1.6% | 19 |
| VANGUARD INSTL INDEX FD | [VBIL](https://holderbook.com/stocks/VBIL/) | $16.1M | 212,630 | 1.5% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $14.1M | 37,833 | 1.3% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $12.8M | 53,686 | 1.2% | 9 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $12.8M | 11,266 | 1.2% | 31 |
| VANECK ETF TRUST | [PPH](https://holderbook.com/stocks/PPH/) | $11.0M | 100,256 | 1.0% | 15 |
| VANECK ETF TRUST | [BBH](https://holderbook.com/stocks/BBH/) | $7.8M | 38,226 | 0.7% | 17 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $5.6M | 23,553 | 0.5% | 31 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $4.8M | 25,040 | 0.4% | 14 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $3.9M | 10,429 | 0.4% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $3.9M | 16,293 | 0.4% | 11 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.7M | 11,410 | 0.3% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.3M | 12,849 | 0.3% | 31 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $3.1M | 12,580 | 0.3% | 31 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $3.0M | 5,717 | 0.3% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.7M | 9,215 | 0.2% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $2.7M | 4,185 | 0.2% | 31 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $2.4M | 16,570 | 0.2% | 31 |
| CENTENE CORP DEL | [CNC](https://holderbook.com/stocks/CNC/) | $2.2M | 33,795 | 0.2% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.1M | 14,571 | 0.2% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $2.0M | 10,350 | 0.2% | 25 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.8M | 5,098 | 0.2% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.8M | 6,138 | 0.2% | 15 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.7M | 20,342 | 0.2% | 31 |
| TIDAL TRUST I | [GSPY](https://holderbook.com/stocks/GSPY/) | $1.6M | 40,578 | 0.2% | 20 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $1.6M | 7,586 | 0.1% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.5M | 2,084 | 0.1% | 11 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.5M | 1,250 | 0.1% | 23 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $1.4M | 9,214 | 0.1% | 31 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $1.2M | 15,885 | 0.1% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.2M | 12,327 | 0.1% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.2M | 3,275 | 0.1% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $1.1M | 6,472 | 0.1% | 4 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $1.1M | 6,500 | 0.1% | 26 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $1.1M | 9,947 | 0.1% | 31 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $1.0M | 9,321 | 0.1% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.0M | 6,045 | 0.1% | 31 |
| STANLEY BLACK & DECKER INC | [SWK](https://holderbook.com/stocks/SWK/) | $993.4K | 10,555 | 0.1% | 31 |
| ONITY GROUP INC | [ONIT](https://holderbook.com/stocks/ONIT/) | $985.7K | 24,798 | 0.1% | 21 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $943.8K | 4,717 | 0.1% | 4 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $909.1K | 5,615 | 0.1% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $862.6K | 1,256 | 0.1% | 10 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $861.7K | 3,045 | 0.1% | 31 |
| CROWN HLDGS INC | [CCK](https://holderbook.com/stocks/CCK/) | $829.8K | 7,421 | 0.1% | 31 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $755.0K | 30,755 | 0.1% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $727.4K | 8,685 | 0.1% | 31 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $681.0K | 4,004 | 0.1% | 31 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $678.1K | 13,079 | 0.1% | 19 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $657.9K | 7,179 | 0.1% | 17 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $627.0K | 4,631 | 0.1% | 31 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $623.4K | 2,305 | 0.1% | 31 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $550.5K | 1,554 | 0.1% | 31 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $543.6K | 3,435 | 0.0% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $538.5K | 2,140 | 0.0% | 31 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $513.9K | 3,396 | 0.0% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $512.4K | 1,822 | 0.0% | 31 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $493.8K | 3,550 | 0.0% | 31 |
| AEGON LTD | [AEG](https://holderbook.com/stocks/AEG/) | $481.2K | 57,015 | 0.0% | 11 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $466.4K | 1,320 | 0.0% | 10 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $428.4K | 5,840 | 0.0% | 25 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $383.8K | 1,672 | 0.0% | 23 |
| INVESCO EXCHANGE TRADED FD T | [PKW](https://holderbook.com/stocks/PKW/) | $378.9K | 2,675 | 0.0% | 15 |
| AVERY DENNISON CORP | [AVY](https://holderbook.com/stocks/AVY/) | $362.0K | 2,230 | 0.0% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $272.1K | 3,073 | 0.0% | 2 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $267.6K | 1,448 | 0.0% | 1 |
| TELEDYNE TECHNOLOGIES INC | [TDY](https://holderbook.com/stocks/TDY/) | $254.1K | 381 | 0.0% | 2 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $228.1K | 1,833 | 0.0% | 31 |
| HANOVER INS GROUP INC | [THG](https://holderbook.com/stocks/THG/) | $219.5K | 1,025 | 0.0% | 1 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $204.3K | 202 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.3% | +14.8% | -5.5% | 100% |
| Q1 2026 | -2.9% | -4.6% | +1.7% | 100% |
| Q4 2025 | +1.6% | +2.4% | -0.7% | 100% |
| Q3 2025 | +6.1% | +7.8% | -1.7% | 100% |
| Q2 2025 | +6.4% | +10.5% | -4.0% | 100% |
| Q1 2025 | -0.5% | -4.6% | +4.0% | 100% |
| Q4 2024 | -2.7% | +2.1% | -4.9% | 100% |
| Q3 2024 | +7.0% | +5.4% | +1.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.1B | 83 |
| Q1 2026 | $1.0B | 86 |
| Q4 2025 | $1.0B | 89 |
| Q3 2025 | $995.1M | 98 |
| Q2 2025 | $952.4M | 96 |
| Q1 2025 | $904.0M | 97 |
| Q4 2024 | $913.6M | 100 |
| Q3 2024 | $960.4M | 104 |
| Q2 2024 | $836.9M | 103 |
| Q1 2024 | $782.7M | 105 |
| Q4 2023 | $702.9M | 102 |
| Q3 2023 | $635.4M | 97 |