Bill Miller - Miller Value Partners
As of Q2 2026, Bill Miller reported 56 long-equity positions worth $423.07M in aggregate.
Copy-investor backtest
- Latest quarter
- +9.98%
- 1-year
- +28.82%
- 3-year
- +78.91%
- 5-year
- +53.83%
- 3-year vs S&P 500
- +5.67%
- 5-year vs S&P 500
- -19.86%
- 5-year top 5
- +85.57%
Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.
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All activity
This tab shows every position the manager opened, added to, reduced, or exited compared with the prior quarter, so you can see exactly what changed. The quarter shown is Q2 2026.
| Ticker | Security | Activity | % portfolio | Shares | Value | Reported price | Q range |
|---|---|---|---|---|---|---|---|
| SPUU | DIREXION SHARES ETF TRUST | New | 5.81% | 114,078 | $24.6M | $215.61 | - |
| COTY | COTY INC | New | 2.00% | 3,917,705 | $8.46M | $2.16 | $1.82 - $2.71(38%)$2.04 -> $2.17 |
| GTN | GRAY MEDIA INC | Add +34.9% | 6.80% | 7,243,390 | $28.76M | $3.97 | $3.55 - $6.44(14%)$4.40 -> $3.97 |
| BFH | BREAD FINANCIAL HOLDINGS INC | Reduce -31.4% | 3.40% | 132,798 | $14.39M | $108.35 | $70.24 - $109.70(97%)$73.57 -> $108.44 |
| BLMN | BLOOMIN BRANDS INC | Add +27.0% | 5.59% | 2,585,909 | $23.64M | $9.14 | $5.21 - $9.28(97%)$5.48 -> $9.14 |
| GCI | USA TODAY CO INC | Reduce -28.9% | 2.83% | 1,401,080 | $11.98M | — | - |
| DCH | DAUCH CORP | Add +63.5% | 2.92% | 2,282,090 | $12.37M | $5.42 | $4.92 - $7.34(21%)$5.96 -> $5.42 |
| CNDT | CONDUENT INC | Add +29.6% | 4.48% | 12,986,100 | $18.96M | $1.46 | $1.25 - $2.01(27%)$1.33 -> $1.46 |
| ITRN | ITURAN LOCATION AND CONTROL | Reduce -34.4% | 1.93% | 133,700 | $8.16M | $61.01 | $49.01 - $68.30(62%)$50.72 -> $61.01 |
| META | META PLATFORMS INC | New | 0.85% | 6,412 | $3.61M | $563.29 | $540.21 - $691.52(15%)$579.23 -> $563.29 |
| AMP | AMERIPRISE FINL INC | New | 0.48% | 4,428 | $2.03M | $458.76 | $422.37 - $487.06(56%)$436.67 -> $458.21 |
| MBC | MASTERBRAND INC | Sold | — | 0 | $0 | — | - |
| PTLO | PORTILLOS INC | Sold | — | 0 | $0 | — | - |
| SPY | STATE STR SPDR S&P 500 ETF T | Sold | — | 0 | $0 | — | - |
| UPBD | UPBOUND GROUP INC | Add +115.0% | 1.29% | 258,000 | $5.47M | $21.22 | $16.71 - $21.25(99%)$17.88 -> $21.22 |
| MRP | MILLROSE PPTYS INC | Add +26.8% | 1.63% | 229,300 | $6.89M | $30.05 | $26.30 - $31.49(72%)$28.51 -> $30.05 |
| CROX | CROCS INC | Reduce -25.1% | 0.82% | 28,856 | $3.48M | $120.64 | $81.13 - $129.79(81%)$83.56 -> $120.64 |
| FOSL | FOSSIL GROUP INC | Reduce -11.6% | 2.10% | 2,143,445 | $8.87M | $4.14 | $3.71 - $5.75(21%)$4.53 -> $4.14 |
| LNC | LINCOLN NATL CORP IND | Add +5.7% | 5.04% | 603,160 | $21.32M | $35.35 | $33.22 - $38.52(40%)$35.24 -> $35.35 |
| WAL | WESTERN ALLIANCE BANCORP | Reduce -24.4% | 0.81% | 41,755 | $3.43M | $82.20 | $70.16 - $85.54(78%)$72.38 -> $82.20 |
| ABNB | AIRBNB INC | Reduce -44.7% | 0.30% | 8,921 | $1.28M | $143.10 | $121.51 - $150.19(75%)$125.19 -> $142.91 |
| QUAD | QUAD / GRAPHICS INC | Reduce -4.3% | 5.06% | 2,538,299 | $21.4M | $8.43 | $6.54 - $8.64(90%)$6.70 -> $8.43 |
| ZD | ZIFF DAVIS INC | Reduce -25.6% | 0.63% | 50,602 | $2.65M | $52.37 | $39.66 - $52.59(98%)$42.21 -> $52.37 |
| BBW | BUILD-A-BEAR WORKSHOP INC | Add +28.8% | 0.97% | 133,567 | $4.09M | $30.61 | $29.71 - $40.18(9%)$37.09 -> $30.66 |
| CRGY | CRESCENT ENERGY COMPANY | Add +4.5% | 4.86% | 2,092,679 | $20.55M | $9.82 | $9.80 - $14.29(0%)$12.73 -> $9.82 |
| MELI | MERCADOLIBRE INC | Reduce -22.7% | 0.69% | 1,712 | $2.91M | $1697.39 | $1495.00 - $1903.00(50%)$1718.97 -> $1697.39 |
| JELD | JELD-WEN HLDG INC | Add +7.8% | 2.53% | 7,139,095 | $10.71M | $1.50 | $0.93 - $2.23(44%)$1.17 -> $1.50 |
| CTO | CTO RLTY GROWTH INC NEW | Reduce -2.9% | 2.75% | 539,900 | $11.61M | $21.51 | $18.33 - $22.00(87%)$18.52 -> $21.50 |
| UPS | UNITED PARCEL SVCS INC | Reduce -2.6% | 2.95% | 116,003 | $12.47M | $107.50 | $93.86 - $111.22(79%)$97.91 -> $107.50 |
| MSTR | STRATEGY INC | Reduce -3.6% | 1.03% | 50,203 | $4.36M | $86.93 | $81.81 - $197.00(4%)$122.78 -> $86.93 |
| NBR | NABORS INDUSTRIES LTD | Add +0.2% | 8.85% | 445,460 | $37.42M | $84.01 | $76.59 - $112.90(20%)$79.34 -> $84.01 |
| JXN | JACKSON FINANCIAL INC | Reduce -0.7% | 1.94% | 80,142 | $8.21M | $102.39 | $100.64 - $118.20(10%)$104.83 -> $102.39 |
| PINS | PINTEREST INC | Reduce -3.5% | 0.29% | 57,860 | $1.22M | $21.03 | $17.33 - $24.71(50%)$18.29 -> $21.03 |
| ARLP | ALLIANCE RESOURCE PARTNERS L | Add +0.9% | 1.06% | 186,981 | $4.48M | $23.98 | $23.70 - $28.40(6%)$27.57 -> $24.00 |
| FIGR | FIGURE TECHNOLOGY SOLUTIO | Reduce -1.5% | 0.65% | 89,668 | $2.75M | $30.71 | $25.45 - $44.67(27%)$32.89 -> $30.71 |
| ABR | ARBOR REALTY TRUST INC | Add +1.2% | 0.78% | 611,000 | $3.31M | $5.42 | $4.99 - $8.54(12%)$7.51 -> $5.42 |
| CPNG | COUPANG INC | Add +2.5% | 0.26% | 64,124 | $1.11M | $17.37 | $14.92 - $22.24(33%)$18.92 -> $17.37 |
| TPC | TUTOR PERINI CORP | Reduce -11.6% | 0.05% | 2,470 | $204.94K | $82.97 | $68.61 - $100.00(46%)$78.71 -> $82.97 |
| CHRD | CHORD ENERGY CORPORATION | Reduce -0.3% | 1.87% | 69,096 | $7.9M | $114.30 | $113.95 - $151.95(1%)$136.96 -> $114.30 |
| REZI | RESIDEO TECHNOLOGIES INC | Reduce -1.2% | 0.51% | 68,931 | $2.14M | $31.10 | $26.72 - $41.76(29%)$34.45 -> $31.10 |
| CTRN | CITI TRENDS INC | Add +0.8% | 0.74% | 54,200 | $3.13M | $57.84 | $36.05 - $66.38(72%)$44.09 -> $57.84 |
| UNFI | UNITED NAT FOODS INC | Reduce -10.4% | 0.05% | 4,705 | $214.88K | $45.67 | $40.40 - $57.02(32%)$44.82 -> $45.67 |
| SN | SHARKNINJA INC | Add +2.7% | 0.21% | 5,932 | $903.27K | $152.27 | $99.14 - $152.46(100%)$106.49 -> $152.27 |
| VTRS | VIATRIS INC | Add +0.2% | 2.75% | 733,164 | $11.64M | $15.88 | $13.12 - $17.53(63%)$13.63 -> $15.88 |
| BLDR | BUILDERS FIRSTSOURCE INC | Add +1.2% | 0.40% | 19,115 | $1.71M | $89.48 | $65.10 - $94.97(82%)$80.97 -> $89.45 |
| LAD | LITHIA MTRS INC | Add +2.2% | 0.19% | 2,712 | $787.81K | $290.49 | $246.90 - $319.41(60%)$250.82 -> $290.49 |
| CART | MAPLEBEAR INC | Add +0.2% | 0.51% | 45,645 | $2.16M | $47.35 | $37.16 - $49.19(85%)$38.64 -> $47.35 |
| PRDO | PERDOCEO ED CORP | Reduce -0.3% | 0.30% | 40,288 | $1.29M | $32.00 | $31.29 - $38.09(10%)$37.74 -> $32.00 |
| FOUR | SHIFT4 PMTS INC | Reduce -0.2% | 0.34% | 29,965 | $1.46M | $48.64 | $34.56 - $51.65(82%)$42.61 -> $48.66 |