Bill Miller - Miller Value Partners,
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    55
Portfolio value:    $383,178,520
Holdings Activity Buys Sells    History
History Stock % of
Portfolio
Recent
Activity
Shares Reported
Price*
Value Current
Price
+/-
Reported
Price
52
Week
Low
52
Week
High
NBR - Nabors Industries Ltd. 9.98 Reduce 26.26% 444,430 $86.06 $38,247,646 $95.93 11.47% $27.18 $112.90
CRGY - Crescent Energy Inc A 7.06 Buy 2,003,132 $13.50 $27,042,282 $11.54 -14.52% $7.68 $14.29
GTN - Gray Television Inc. 6.08 Add 34.64% 5,370,100 $4.34 $23,306,234 $4.01 -7.60% $3.50 $6.44
LNC - Lincoln National 5.29 Add 13.06% 570,690 $35.50 $20,259,495 $34.74 -2.14% $31.69 $46.82
SPY - SPDR S&P 500 ETF Trust 5.10 Buy 30,044 $650.34 $19,538,815 $737.55 13.41% $591.05 $760.40
QUAD - Quad/Graphics Inc. 4.57 Reduce 3.17% 2,651,039 $6.61 $17,523,368 $7.45 12.71% $5.01 $8.64
BFH - Bread Financial Holdings Inc. 3.79 Reduce 3.83% 193,697 $74.89 $14,505,968 $91.11 21.66% $49.17 $99.13
TDAY - Gannett Co. 3.62 Reduce 42.14% 1,969,280 $7.05 $13,883,424 $8.15 15.60% $3.15 $8.28
CNDT - Conduent Inc. 3.35 Add 79.53% 10,023,930 $1.28 $12,830,630 $1.53 19.53% $1.15 $2.98
UPS - United Parcel Service 3.06 Add 37.54% 119,108 $98.38 $11,717,845 $108.54 10.33% $82.00 $122.41
BLMN - Bloomin Brands Inc. 2.87 Buy 2,036,734 $5.40 $10,998,364 $7.27 34.63% $5.19 $10.70
FOSL - Fossil Inc. 2.73 Reduce 23.84% 2,425,185 $4.31 $10,452,547 $3.96 -8.12% $1.27 $5.75
CTO - CTO Realty Growth Inc. 2.68 Add 28.08% 556,053 $18.49 $10,281,420 $20.52 10.98% $15.07 $20.93
ITRN - Ituran Location & Control Ltd. 2.61 Reduce 5.16% 203,900 $49.01 $9,993,139 $63.05 28.65% $32.71 $68.30
VTRS - Viatris Inc. 2.58 Add 18.20% 731,676 $13.51 $9,884,943 $15.88 17.54% $8.44 $17.53
CHRD - Chord Energy 2.57 Add 20.02% 69,330 $142.18 $9,857,339 $134.79 -5.20% $84.25 $151.95
JXN - Jackson Financial Inc. 2.23 Reduce 6.35% 80,680 $105.72 $8,529,490 $107.86 2.02% $80.25 $123.61
VZ - Verizon Communications 2.20 Reduce 15.15% 168,000 $50.20 $8,433,600 $45.37 -9.62% $38.39 $51.68
DCH - Dauch Corp. 2.16 Reduce 19.53% 1,395,905 $5.93 $8,277,717 $6.32 6.58% $3.94 $9.25
JELD - JELD-WEN Holding Inc. 2.14 Add 60.12% 6,619,885 $1.24 $8,208,657 $1.86 50.00% $0.93 $6.98
MSTR - MicroStrategy Inc. 1.70 Add 106.17% 52,058 $124.80 $6,496,838 $120.44 -3.49% $104.17 $457.22
ARLP - Alliance Resource Partners LP 1.34 Add 40.35% 185,256 $27.65 $5,122,328 $25.62 -7.34% $22.20 $29.45
MRP - Millrose Properties 1.32 Add 118.36% 180,800 $28.00 $5,062,400 $28.93 3.32% $26.30 $36.00
CALM - Cal-Maine Foods Inc. 1.28 62,000 $79.15 $4,907,300 $75.65 -4.42% $71.92 $126.40
ABR - Arbor Realty Trust Inc. 1.22 Buy 604,000 $7.71 $4,656,840 $5.25 -31.91% $5.20 $12.58
OMF - OneMain Holdings 1.16 82,941 $53.49 $4,436,514 $55.36 3.50% $45.78 $71.93
UGI - UGI Corp. 1.15 Reduce 53.82% 121,000 $36.42 $4,406,820 $34.85 -4.31% $31.62 $41.34
BMY - Bristol-Myers Squibb 1.10 Reduce 35.65% 69,500 $60.65 $4,215,175 $57.27 -5.57% $42.52 $62.89
WAL - Western Alliance Bancorp 1.02 Reduce 14.28% 55,252 $70.85 $3,914,604 $80.15 13.13% $65.82 $97.23
BBW - Build-A-Bear Workshop Inc. 1.01 Add 32.99% 103,734 $37.45 $3,884,838 $33.97 -9.29% $33.96 $75.85
MELI - Mercadolibre Inc. 1.00 Buy 2,215 $1,729.02 $3,829,779 $1,607.80 -7.01% $1,495.00 $2,645.22
CROX - Crocs Inc. 0.84 Buy 38,548 $83.02 $3,200,255 $119.35 43.76% $73.21 $121.26
FIGR - Figure Technology Solut Cl A 0.81 Buy 91,009 $33.95 $3,089,756 $28.49 -16.08% $25.01 $78.00
LYB - LyondellBasell Industries 0.80 38,000 $80.56 $3,061,280 $64.50 -19.94% $41.58 $83.94
ZD - Ziff Davis Inc. 0.75 Buy 68,058 $41.96 $2,855,714 $45.81 9.18% $22.45 $50.55
BCC - Boise Cascade Company 0.73 37,000 $75.85 $2,806,450 $68.08 -10.24% $65.00 $95.00
REZI - Resideo Technologies Inc. 0.61 Buy 69,762 $33.71 $2,351,677 $31.21 -7.42% $20.41 $45.29
CTRN - Citi Trends Inc. 0.61 Buy 53,763 $43.32 $2,329,013 $43.06 -0.60% $28.25 $56.78
UPBD - Upbound Group Inc. 0.57 Add 71.43% 120,000 $18.05 $2,166,000 $18.27 1.22% $15.82 $28.03
ABNB - Airbnb Inc. 0.53 Buy 16,134 $126.28 $2,037,402 $133.54 5.75% $110.81 $147.25
CG - Carlyle Group 0.51 40,000 $48.39 $1,935,600 $43.48 -10.15% $41.54 $69.85
CART - Maplebear Inc 0.45 Buy 45,557 $37.46 $1,706,565 $41.26 10.14% $32.73 $53.50
BLDR - Builders FirstSource Inc. 0.41 Buy 18,893 $82.33 $1,555,461 $73.64 -10.56% $65.10 $151.03
PRDO - Perdoceo Education Corp. 0.39 Buy 40,395 $37.21 $1,503,098 $34.27 -7.90% $26.66 $38.50
FOUR - Shift4 Payments Inc. CL A 0.34 Buy 30,035 $43.73 $1,313,431 $38.08 -12.92% $37.01 $108.50
CPNG - Coupang Inc. 0.31 Buy 62,528 $18.88 $1,180,529 $15.15 -19.76% $15.03 $34.08
PINS - Pinterest Inc. 0.29 Buy 59,990 $18.34 $1,100,217 $21.42 16.79% $13.84 $39.93
MBC - Masterbrand Inc 0.23 Buy 104,854 $8.31 $871,337 $8.46 1.81% $6.61 $14.22
VRM - Vroom Inc 0.20 Buy 58,488 $13.31 $778,475 $9.40 -29.38% $9.04 $34.99
PTLO - Portillo's Inc Cl A 0.18 Buy 129,323 $5.29 $684,119 $3.99 -24.57% $3.81 $12.37
LAD - Lithia Motors Inc. 0.17 Buy 2,654 $249.72 $662,757 $288.84 15.67% $239.78 $360.56
SN - Sharkninja Inc 0.16 Buy 5,775 $105.90 $611,572 $119.82 13.14% $80.69 $133.99
UNFI - United Natural Foods 0.06 Reduce 58.42% 5,250 $45.06 $236,565 $55.52 23.21% $20.78 $55.87
FTI - TechnipFMC plc 0.06 Reduce 57.79% 3,170 $69.13 $219,142 $66.82 -3.34% $31.64 $77.78
TPC - Tutor Perini Corp. 0.06 Reduce 58.99% 2,795 $77.19 $215,746 $70.53 -8.63% $38.18 $100.00
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
Sector % analysis
Energy 21.01
Financial Services 14.99
Consumer Cyclical 13.24
Communication Services 12.94
Industrials 10.85
Technology 8.56
Real Estate 5.22
Unknown 5.10
Healthcare 3.68
Consumer Defensive 1.73
Basic Materials 1.53
Utilities 1.15