Miller Value Partners 13F annual report
Miller Value Partners is an investment fund managing more than $150 billion ran by Christopher Anderson. There are currently 28 companies in Mr. Anderson’s portfolio. The largest investments include Bread Inc and Att Inc, together worth $22.6 billion.
$150 billion Assets Under Management (AUM)
As of 6th August 2024, Miller Value Partners’s top holding is 254,785 shares of Bread Inc currently worth over $11.4 billion and making up 7.6% of the portfolio value.
Relative to the number of outstanding shares of Bread Inc, Miller Value Partners owns more than approximately 0.1% of the company.
In addition, the fund holds 588,000 shares of Att Inc worth $11.2 billion.
The third-largest holding is Jackson Financial Inc worth $10.8 billion and the next is Lincoln Natl Corp Ind worth $10.3 billion, with 329,775 shares owned.
Currently, Miller Value Partners's portfolio is worth at least $150 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Miller Value Partners
The Miller Value Partners office and employees reside in Sarasota, Florida. According to the last 13-F report filed with the SEC, Christopher Anderson serves as the Chief Compliance Officer at Miller Value Partners.
Recent trades
In the most recent 13F filing, Miller Value Partners revealed that it had opened a new position in
United Nat Foods Inc and bought 204,570 shares worth $2.68 billion.
The investment fund also strengthened its position in Bread Inc by buying
15 additional shares.
This makes their stake in Bread Inc total 254,785 shares worth $11.4 billion.
Bread Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Miller Value Partners is getting rid of from its portfolio.
Miller Value Partners closed its position in Encore Wire on 13th August 2024.
It sold the previously owned 11,000 shares for $2.89 billion.
Christopher Anderson also disclosed a decreased stake in Jackson Financial Inc by approximately 0.1%.
This leaves the value of the investment at $10.8 billion and 145,835 shares.
One of the smallest hedge funds
The two most similar investment funds to Miller Value Partners are Checkpoint Capital L.P. and Quarry Hill Advisors. They manage $150 billion and $149 billion respectively.
Christopher Anderson investment strategy
Miller Value Partners’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Finance — making up 12.4% of
the total portfolio value.
The fund focuses on investments in the United States as
53.6% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
11% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $13.6 billion.
The complete list of Miller Value Partners trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Bread Financial Holdings Inc |
0.01%
254,785
|
$11,353,219,000 | 7.59% |
| Att Inc |
No change
588,000
|
$11,236,680,000 | 7.51% |
| Jackson Financial Inc |
4.44%
145,835
|
$10,829,705,000 | 7.24% |
| Lincoln Natl Corp Ind |
65.72%
329,775
|
$10,256,001,000 | 6.85% |
| Western Alliance Bancorp |
1.52%
142,105
|
$8,927,035,000 | 5.96% |
| Stellantis N.V |
2.33%
420,000
|
$8,337,000,000 | 5.57% |
| Quad / Graphics Inc |
1.17%
1,447,015
|
$7,886,230,000 | 5.27% |
| Cto Rlty Growth Inc New |
No change
443,900
|
$7,750,494,000 | 5.18% |
| Chord Energy Corporation |
29.71%
44,970
|
$7,540,570,000 | 5.04% |
| Nabors Industries Ltd |
48.54%
103,620
|
$7,373,599,000 | 4.93% |
| OneMain Holdings Inc |
2.61%
149,000
|
$7,225,010,000 | 4.83% |
| Gannett Co Inc. |
38.30%
1,523,110
|
$7,021,536,000 | 4.69% |
| Viatris Inc. |
No change
619,000
|
$6,579,970,000 | 4.40% |
| Buckle, Inc. |
No change
150,000
|
$5,541,000,000 | 3.70% |
| UGI Corp. |
41.92%
237,000
|
$5,427,300,000 | 3.63% |
| Boise Cascade Co |
No change
40,000
|
$4,768,800,000 | 3.19% |
| Gray Television, Inc. |
57.84%
772,125
|
$4,015,050,000 | 2.68% |
| Encore Wire Corp. |
Closed
11,000
|
$2,890,580,000 | |
| Alliance Resource Partners L |
No change
117,000
|
$2,861,820,000 | 1.91% |
| United Nat Foods Inc |
Opened
204,570
|
$2,679,864,000 | 1.79% |
| Bristol-Myers Squibb Co. |
No change
60,000
|
$2,491,800,000 | 1.66% |
| Conduent Inc |
4.00%
747,375
|
$2,436,441,000 | 1.63% |
| Geo Group, Inc. |
Closed
145,000
|
$2,047,400,000 | |
| Tutor Perini Corp |
59.52%
86,860
|
$1,891,810,000 | 1.26% |
| Build A Bear Workshop Inc |
Opened
70,000
|
$1,768,900,000 | 1.18% |
| Fossil Group Inc |
0.29%
1,088,625
|
$1,567,620,000 | 1.05% |
| American Axle Mfg Hldgs In |
3.14%
192,130
|
$1,342,987,000 | 0.90% |
| TechnipFMC plc |
No change
8,185
|
$214,036,000 | 0.14% |
| Cleveland-Cliffs Inc |
Closed
9,198
|
$209,163,000 | |
| Teva Pharmaceutical Inds Ltd |
5.60%
10,950
|
$177,937,000 | 0.12% |
| Pitney Bowes, Inc. |
22.55%
31,434
|
$159,685,000 | 0.11% |
| No transactions found | |||
| Showing first 500 out of 31 holdings | |||
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