Miller Value Partners, LLC

SARASOTA, FL · CIK 1135778 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 1999 · limited liability company

Assets managed$418.2m
Staff5 · 3 in investment roles
Main clients (by assets)Mutual funds and ETFs 60%, High net worth individuals 32%, Other advisers 5%
Form ADV · 2026-09-15SEC adviser record

Legal entityMILLER VALUE PARTNERS, LLC (US)

Kindmutual funds, futures
Others nearbySarasota, FL, Towson, MD

As an employer

Offices in1 country

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Sarasota, FL (main office)United States	United States	about 1
Towson, MDUnited States	United States	2

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$423.1m reported value +10.4% vs Q1 2026

56positions

52.8%in top 10

4 new 20 added 22 reduced 3 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NABORS INDUSTRIES LTD SHS NBR	NBR	445,460	$37.4m8.85%	8.85%	Added +1.0k	+1,030 0.2%
2	GRAY TELEVISION INC COM GTN	GTN	7,243,390	$28.8m6.80%	6.80%	Added +1.9m	+1,873,290 34.9%
3	DIREXION SHS ETF TR DLY S&P500 2XS SPUU	SPUU	114,078	$24.6m5.81%	5.81%	New
4	BLOOMIN BRANDS INC COM BLMN	BLMN	2,585,909	$23.6m5.59%	5.59%	Added +549.2k	+549,175 27.0%
5	QUAD / GRAPHICS INC COM CL A QUAD	QUAD	2,538,299	$21.4m5.06%	5.06%	Reduced -112.7k	-112,740 -4.2%
6	LINCOLN NATL CORP IND COM LNC	LNC	603,160	$21.3m5.04%	5.04%	Added +32.5k	+32,470 5.7%
7	CRESCENT ENERGY COMPANY CL A COM CRGY	CRGY	2,092,679	$20.6m4.86%	4.86%	Added +89.5k	+89,547 4.5%
8	CONDUENT INC COM CNDT	CNDT	12,986,100	$19.0m4.48%	4.48%	Added +3.0m	+2,962,170 29.6%
9	BREAD FINANCIAL HOLDINGS INC COM BFH	BFH	132,798	$14.4m3.40%	3.40%	Reduced -60.9k	-60,899 -31.4%
10	UNITED PARCEL SERVICE INC CL B UPS	UPS	116,003	$12.5m2.95%	2.95%	Reduced -3.1k	-3,105 -2.6%
11	AMERICAN AXLE & MFG HLDGS IN COM DCH	DCH	2,282,090	$12.4m2.92%	2.92%	Added +886.2k	+886,185 63.5%
12	GANNETT CO INC COM TDAY	TDAY	1,401,080	$12.0m2.83%	2.83%	Reduced -568.2k	-568,200 -28.9%
13	VIATRIS INC COM VTRS	VTRS	733,164	$11.6m2.75%	2.75%	Added +1.5k	+1,488 0.2%
14	CTO RLTY GROWTH INC NEW COM CTO	CTO	539,900	$11.6m2.74%	2.74%	Reduced -16.2k	-16,153 -2.9%
15	JELD-WEN HLDG INC COM JELD	JELD	7,139,095	$10.7m2.53%	2.53%	Added +519.2k	+519,210 7.8%
16	FOSSIL GROUP INC COM FOSL	FOSL	2,143,445	$8.9m2.10%	2.10%	Reduced -281.7k	-281,740 -11.6%
17	COTY INC COM CL A COTY	COTY	3,917,705	$8.5m2.00%	2.00%	New
18	JACKSON FINANCIAL INC COM CL A JXN	JXN	80,142	$8.2m1.94%	1.94%	Reduced -538	-538 -0.7%
19	ITURAN LOCATION AND CONTROL SHS ITRN	ITRN	133,700	$8.2m1.93%	1.93%	Reduced -70.2k	-70,200 -34.4%
20	CHORD ENERGY CORPORATION COM NEW CHRD	CHRD	69,096	$7.9m1.87%	1.87%	Reduced -234	-234 -0.3%
21	VERIZON COMMUNICATIONS INC COM VZ	VZ	168,000	$7.1m1.68%	1.68%	Unchanged
22	MILLROSE PPTYS INC COM CL A MRP	MRP	229,300	$6.9m1.63%	1.63%	Added +48.5k	+48,500 26.8%
23	UPBOUND GROUP INC COM UPBD	UPBD	258,000	$5.5m1.29%	1.29%	Added +138.0k	+138,000 115.0%
24	ONEMAIN HLDGS INC COM OMF	OMF	82,941	$5.1m1.20%	1.20%	Unchanged
25	CAL MAINE FOODS INC COM NEW CALM	CALM	62,000	$5.0m1.18%	1.18%	Unchanged
26	ALLIANCE RESOURCE PARTNERS L UT LTD PART ARLP	ARLP	186,981	$4.5m1.06%	1.06%	Added +1.7k	+1,725 0.9%
27	MICROSTRATEGY INC CL A NEW MSTR	MSTR	50,203	$4.4m1.03%	1.03%	Reduced -1.9k	-1,855 -3.6%
28	UGI CORP NEW COM UGI	UGI	121,000	$4.2m0.99%	0.99%	Unchanged
29	BUILD-A-BEAR WORKSHOP INC COM BBW	BBW	133,567	$4.1m0.97%	0.97%	Added +29.8k	+29,833 28.8%
30	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	69,500	$4.0m0.95%	0.95%	Unchanged
31	META PLATFORMS INC CL A META	META	6,412	$3.6m0.85%	0.85%	New
32	CROCS INC COM CROX	CROX	28,856	$3.5m0.82%	0.82%	Reduced -9.7k	-9,692 -25.1%
33	WESTERN ALLIANCE BANCORP COM WAL	WAL	41,755	$3.4m0.81%	0.81%	Reduced -13.5k	-13,497 -24.4%
34	ARBOR REALTY TRUST INC COM ABR	ABR	611,000	$3.3m0.78%	0.78%	Added +7.0k	+7,000 1.2%
35	CITI TRENDS INC COM CTRN	CTRN	54,200	$3.1m0.74%	0.74%	Added +437	+437 0.8%
36	MERCADOLIBRE INC COM MELI	MELI	1,712	$2.9m0.69%	0.69%	Reduced -503	-503 -22.7%
37	BOISE CASCADE CO DEL COM BCC	BCC	37,000	$2.9m0.68%	0.68%	Unchanged
38	FIGURE TECHNOLOGY SOLUTIO COM CL A FIGR	FIGR	89,668	$2.8m0.65%	0.65%	Reduced -1.3k	-1,341 -1.5%
39	ZIFF DAVIS INC COM ZD	ZD	50,602	$2.7m0.63%	0.63%	Reduced -17.5k	-17,456 -25.6%
40	MAPLEBEAR INC COM CART	CART	45,645	$2.2m0.51%	0.51%	Added +88	+88 0.2%
41	RESIDEO TECHNOLOGIES INC COM REZI	REZI	68,931	$2.1m0.51%	0.51%	Reduced -831	-831 -1.2%
42	AMERIPRISE FINL INC COM AMP	AMP	4,428	$2.0m0.48%	0.48%	New
43	LYONDELLBASELL INDUSTRIES N SHS - A - LYB	LYB	38,000	$2.0m0.47%	0.47%	Unchanged
44	BUILDERS FIRSTSOURCE INC COM BLDR	BLDR	19,115	$1.7m0.40%	0.40%	Added +222	+222 1.2%
45	CARLYLE GROUP INC COM CG	CG	40,000	$1.7m0.40%	0.40%	Unchanged
46	SHIFT4 PMTS INC CL A FOUR	FOUR	29,965	$1.5m0.34%	0.34%	Reduced -70	-70 -0.2%
47	PERDOCEO ED CORP COM PRDO	PRDO	40,288	$1.3m0.30%	0.30%	Reduced -107	-107 -0.3%
48	AIRBNB INC COM CL A ABNB	ABNB	8,921	$1.3m0.30%	0.30%	Reduced -7.2k	-7,213 -44.7%
49	PINTEREST INC CL A PINS	PINS	57,860	$1.2m0.29%	0.29%	Reduced -2.1k	-2,130 -3.5%
50	COUPANG INC CL A CPNG	CPNG	64,124	$1.1m0.26%	0.26%	Added +1.6k	+1,596 2.5%
51	SHARKNINJA INC COM SHS SN	SN	5,932	$903.3k0.21%	0.21%	Added +157	+157 2.7%
52	LITHIA MTRS INC COM LAD	LAD	2,712	$787.8k0.19%	0.19%	Added +58	+58 2.2%
53	VROOM INC COM NEW VRM	VRM	58,488	$450.4k0.11%	0.11%	Unchanged
54	UNITED NAT FOODS INC COM UNFI	UNFI	4,705	$214.9k0.05%	0.05%	Reduced -545	-545 -10.4%
55	TECHNIPFMC PLC COM FTI	FTI	3,170	$210.2k0.05%	0.05%	Unchanged
56	TUTOR PERINI CORP COM TPC	TPC	2,470	$204.9k0.05%	0.05%	Reduced -325	-325 -11.6%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SPDR S&P 500 ETF TR SPY	SPY	30,044	$19.5m30.0k shares
MASTERBRAND INC MBC	MBC	104,854	$871.3k104.9k shares
PORTILLOS INC PTLO	PTLO	129,323	$684.1k129.3k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
CONDUENT INC CNDT · 13G · filed 2026-08-07	CNDT	8.4%	+1.9 pts	13G	2026-08-07
GRAY TELEVISION INC GTN · 13G · filed 2026-08-07	GTN	8.1%	+2.3 pts	13G	2026-08-07
JELD-WEN HLDG INC JELD · 13G · filed 2026-05-04	JELD	7.7%≈ $9.9m	no change	13G	2026-05-04
QUAD / GRAPHICS INC QUAD · 13G · filed 2026-08-07	QUAD	5.9%		13G	2026-08-07