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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Sells
These are the positions the manager reduced or sold out of this quarter, showing where they pulled money back. The quarter shown is Q2 2026.
| Ticker | Security | Activity | % portfolio | Shares | Value | Reported price | Q range |
|---|---|---|---|---|---|---|---|
| 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 |
| GCI | USA TODAY CO INC | Reduce -28.9% | 2.83% | 1,401,080 | $11.98M | — | - |
| 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 |
| MBC | MASTERBRAND INC | Sold | — | 0 | $0 | — | - |
| PTLO | PORTILLOS INC | Sold | — | 0 | $0 | — | - |
| SPY | STATE STR SPDR S&P 500 ETF T | Sold | — | 0 | $0 | — | - |
| 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 |
| 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 |
| MELI | MERCADOLIBRE INC | Reduce -22.7% | 0.69% | 1,712 | $2.91M | $1697.39 | $1495.00 - $1903.00(50%)$1718.97 -> $1697.39 |
| 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 |
| 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 |
| FIGR | FIGURE TECHNOLOGY SOLUTIO | Reduce -1.5% | 0.65% | 89,668 | $2.75M | $30.71 | $25.45 - $44.67(27%)$32.89 -> $30.71 |
| 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 |
| 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 |
| 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 |