SEC EDGAR Form 13F
Miller Value Partners
Miller Value Partners is an investment manager associated with Bill Miller and contrarian value-oriented public-equity investing.
Latest Form 13F: 56 long U.S. equity positions, $423M reported value for the period ended Jun 30, 2026, led by NABORS INDUSTRIES LTD, GRAY MEDIA INC, and DIREXION SHARES ETF TRUST.
CIK: 1135778 · Filed: Aug 14, 2026 · Period: Jun 30, 2026
Reported value
$423M
Positions
56
Key person
Bill Miller
Style
Value / contrarian
Top holding
NBR · NABORS INDUSTRIES LTD
Period
Jun 30, 2026
Filed
Aug 14, 2026
CIK
1135778
What a 13F does not show
Form 13F covers many reportable long U.S. equity positions at quarter end. It does not show every asset type, short positions, hedges, intraperiod trades, or current holdings after the report date. Use it as ownership context, not investment advice.
Read the 13F guide →NBR
NABORS INDUSTRIES LTD
Portfolio weight
8.85%
GTN
GRAY MEDIA INC
Portfolio weight
6.80%
SPUU
DIREXION SHARES ETF TRUST
Portfolio weight
5.81%
BLMN
BLOOMIN BRANDS INC
Portfolio weight
5.59%
QUAD
QUAD / GRAPHICS INC
Portfolio weight
5.06%
Top reported holdings
Showing the top 50 positions by reported value. Source: SEC EDGAR Form 13F; period 2026-06-30; filed 2026-08-14.
| # | Ticker | Company | Shares | Value | Portfolio % | QoQ change |
|---|---|---|---|---|---|---|
| 1 | NBR | NABORS INDUSTRIES LTD | 445.5K | $37M | 8.85% | +0.2% |
| 2 | GTN | GRAY MEDIA INC | 7.2M | $29M | 6.80% | +34.9% |
| 3 | SPUU | DIREXION SHARES ETF TRUST | 114.1K | $25M | 5.81% | -- |
| 4 | BLMN | BLOOMIN BRANDS INC | 2.6M | $24M | 5.59% | +27.0% |
| 5 | QUAD | QUAD / GRAPHICS INC | 2.5M | $21M | 5.06% | -4.3% |
| 6 | LNC | LINCOLN NATL CORP IND | 603.2K | $21M | 5.04% | +5.7% |
| 7 | CRGY | CRESCENT ENERGY COMPANY | 2.1M | $21M | 4.86% | +4.5% |
| 8 | CNDT | CONDUENT INC | 13.0M | $19M | 4.48% | +29.6% |
| 9 | BFH | BREAD FINANCIAL HOLDINGS INC | 132.8K | $14M | 3.40% | -31.4% |
| 10 | UPS | UNITED PARCEL SVCS INC | 116.0K | $12M | 2.95% | -2.6% |
| 11 | DCH | DAUCH CORP | 2.3M | $12M | 2.92% | +63.5% |
| 12 | TDAY | USA TODAY CO INC | 1.4M | $12M | 2.83% | -28.9% |
| 13 | VTRS | VIATRIS INC | 733.2K | $12M | 2.75% | +0.2% |
| 14 | CTO | CTO RLTY GROWTH INC NEW | 539.9K | $12M | 2.75% | -2.9% |
| 15 | JELD | JELD-WEN HLDG INC | 7.1M | $11M | 2.53% | +7.8% |
| 16 | FOSL | FOSSIL GROUP INC | 2.1M | $9M | 2.10% | -11.6% |
| 17 | COTY | COTY INC | 3.9M | $8M | 2.00% | -- |
| 18 | JXN | JACKSON FINANCIAL INC | 80.1K | $8M | 1.94% | -0.7% |
| 19 | ITRN | ITURAN LOCATION AND CONTROL | 133.7K | $8M | 1.93% | -34.4% |
| 20 | CHRD | CHORD ENERGY CORPORATION | 69.1K | $8M | 1.87% | -0.3% |
| 21 | VZ | VERIZON COMMUNICATIONS INC | 168.0K | $7M | 1.68% | +0.0% |
| 22 | MRP | MILLROSE PPTYS INC | 229.3K | $7M | 1.63% | +26.8% |
| 23 | UPBD | UPBOUND GROUP INC | 258.0K | $5M | 1.29% | +115.0% |
| 24 | OMF | ONEMAIN HLDGS INC | 82.9K | $5M | 1.20% | +0.0% |
| 25 | CALM | CAL MAINE FOODS INC | 62.0K | $5M | 1.18% | +0.0% |
| 26 | ARLP | ALLIANCE RESOURCE PARTNERS L | 187.0K | $4M | 1.06% | +0.9% |
| 27 | MSTR | STRATEGY INC | 50.2K | $4M | 1.03% | -3.6% |
| 28 | UGI | UGI CORP NEW | 121.0K | $4M | 0.99% | +0.0% |
| 29 | BBW | BUILD-A-BEAR WORKSHOP INC | 133.6K | $4M | 0.97% | +28.8% |
| 30 | BMY | BRISTOL-MYERS SQUIBB CO | 69.5K | $4M | 0.95% | +0.0% |
| 31 | META | META PLATFORMS INC | 6.4K | $4M | 0.85% | -- |
| 32 | CROX | CROCS INC | 28.9K | $3M | 0.82% | -25.1% |
| 33 | WAL | WESTERN ALLIANCE BANCORP | 41.8K | $3M | 0.81% | -24.4% |
| 34 | ABR | ARBOR REALTY TRUST INC | 611.0K | $3M | 0.78% | +1.2% |
| 35 | CTRN | CITI TRENDS INC | 54.2K | $3M | 0.74% | +0.8% |
| 36 | MELI | MERCADOLIBRE INC | 1.7K | $3M | 0.69% | -22.7% |
| 37 | BCC | BOISE CASCADE CO DEL | 37.0K | $3M | 0.68% | +0.0% |
| 38 | FIGR | FIGURE TECHNOLOGY SOLUTIO | 89.7K | $3M | 0.65% | -1.5% |
| 39 | ZD | ZIFF DAVIS INC | 50.6K | $3M | 0.63% | -25.6% |
| 40 | CART | MAPLEBEAR INC | 45.6K | $2M | 0.51% | +0.2% |
| 41 | REZI | RESIDEO TECHNOLOGIES INC | 68.9K | $2M | 0.51% | -1.2% |
| 42 | AMP | AMERIPRISE FINL INC | 4.4K | $2M | 0.48% | -- |
| 43 | LYB | LYONDELLBASELL INDUSTRIES NV | 38.0K | $2M | 0.47% | +0.0% |
| 44 | BLDR | BUILDERS FIRSTSOURCE INC | 19.1K | $2M | 0.40% | +1.2% |
| 45 | CG | CARLYLE GROUP INC | 40.0K | $2M | 0.40% | +0.0% |
| 46 | FOUR | SHIFT4 PMTS INC | 30.0K | $1M | 0.34% | -0.2% |
| 47 | PRDO | PERDOCEO ED CORP | 40.3K | $1M | 0.30% | -0.3% |
| 48 | ABNB | AIRBNB INC | 8.9K | $1M | 0.30% | -44.7% |
| 49 | PINS | PINTEREST INC | 57.9K | $1M | 0.29% | -3.5% |
| 50 | CPNG | COUPANG INC | 64.1K | $1M | 0.26% | +2.5% |
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