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
- +9.82%
- 1-year
- +31.98%
- 3-year
- +71.61%
- 5-year
- +36.48%
- 3-year vs S&P 500
- -1.64%
- 5-year vs S&P 500
- -37.21%
- 5-year top 5
- +113.18%
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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Updated 2026-09-19 from SEC 13F data.
Live quotes available for 35 of 99 rows. Rows without a quote are marked unavailable.
| 1 | GNW | GENWORTH FINL INC | 4.56% | Add +2.5% | 5,745,900 | $65.56M | No quote | No quote |
| 2 | GRPN | GROUPON INC | 4.09% | Add +2.5% | 6,888,300 | $58.9M | No quote | No quote |
| 3 | DAL | DELTA AIR LINES INC DEL | 3.70% | Add +2.5% | 2,842,800 | $53.19M | $18.71 | No quote |
| 4 | MTG | MGIC INVT CORP WIS | 3.65% | Add +2.5% | 8,637,700 | $52.43M | $6.07 | No quote |
| 5 | UAL | UNITED CONTL HLDGS INC | 3.57% | Add +2.5% | 1,640,100 | $51.32M | $31.29 | No quote |
| 6 | BAC | BANK OF AMERICA CORPORATION | 3.42% | Add +2.5% | 3,826,900 | $49.21M | $12.86 | No quote |
| 7 | PHM | PULTE GROUP INC | 3.24% | Add +2.5% | 2,460,100 | $46.67M | $18.97 | No quote |
| 8 | NFLX | NETFLIX INC | 3.23% | Reduce -14.3% | 219,900 | $46.42M | $211.09 | No quote |
| 9 | STX | SEAGATE TECHNOLOGY PLC | 3.07% | Add +2.5% | 984,050 | $44.12M | $44.83 | No quote |
| 10 | P | PANDORA MEDIA INC | 2.94% | Reduce -2.0% | 2,299,200 | $42.31M | No quote | No quote |
| 11 | HIG | HARTFORD FINL SVCS GROUP INC | 2.94% | Add +2.5% | 1,366,700 | $42.26M | $30.92 | No quote |
| 12 | AGO | ASSURED GUARANTY LTD | 2.93% | Add +2.3% | 1,913,400 | $42.21M | $22.06 | No quote |
| 13 | C | CITIGROUP INC | 2.83% | Add +2.5% | 847,400 | $40.65M | $47.97 | No quote |
| 14 | BYD | BOYD GAMING CORP | 2.75% | Add +2.5% | 3,498,800 | $39.54M | $11.30 | No quote |
| 15 | LCC | U S AIRWAYS GROUP INC | 2.75% | Add +2.5% | 2,405,400 | $39.5M | No quote | No quote |
| 16 | EFC | ELLINGTON FINANCIAL LLC | 2.54% | Add +10.3% | 1,598,947 | $36.47M | No quote | No quote |
| 17 | JPMWS | JPMORGAN CHASE & CO | 2.48% | Add +2.5% | 2,286,200 | $35.67M | No quote | No quote |
| 18 | NIHD | NII HLDGS INC | 2.25% | Add +75.4% | 4,865,600 | $32.41M | No quote | No quote |
| 19 | BBY | BEST BUY INC | 2.23% | Reduce -8.7% | 1,175,400 | $32.12M | $27.33 | No quote |
| 20 | CI | CIGNA CORPORATION | 2.20% | Add +2.5% | 437,400 | $31.71M | $72.49 | No quote |
| 21 | AMZN | AMAZON COM INC | 2.11% | Add +2.5% | 109,370 | $30.37M | $277.69 | No quote |
| 22 | QCOR | QUESTCOR PHARMACEUTICALS INC | 1.99% | Add +7.2% | 628,700 | $28.57M | No quote | No quote |
| 23 | AAPL | APPLE INC | 1.96% | Add +2.5% | 71,090 | $28.19M | $396.54 | No quote |
| 24 | ARCC | ARES CAP CORP | 1.95% | Add +8.8% | 1,631,388 | $28.06M | No quote | No quote |
| 25 | KBH | KB HOME | 1.94% | Add +2.2% | 1,421,400 | $27.9M | No quote | No quote |
| 26 | LEN | LENNAR CORP | 1.84% | Add +2.5% | 732,600 | $26.4M | $36.04 | No quote |
| 27 | F | FORD MTR CO DEL | 1.72% | Add +2.5% | 1,597,110 | $24.71M | $15.47 | No quote |
| 28 | CHK | CHESAPEAKE ENERGY CORP | 1.70% | Add +2.5% | 1,202,700 | $24.51M | No quote | No quote |
| 29 | ETFC | E TRADE FINANCIAL CORP | 1.66% | Add +2.5% | 1,882,750 | $23.84M | No quote | No quote |
| 30 | OLED | UNIVERSAL DISPLAY CORP | 1.52% | Add +6.2% | 776,300 | $21.82M | No quote | No quote |
| 31 | S | SPRINT NEXTEL CORP | 1.44% | Reduce -23.1% | 2,952,100 | $20.72M | No quote | No quote |
| 32 | GM | GENERAL MTRS CO | 1.38% | Add +2.5% | 594,016 | $19.79M | $33.31 | No quote |
| 33 | TER | TERADYNE INC | 1.34% | Add +2.5% | 1,093,350 | $19.21M | $17.57 | No quote |
| 34 | PFSI | PENNYMAC FINL SVCS INC | 1.29% | New | 874,700 | $18.61M | No quote | No quote |
| 35 | RDN | RADIAN GROUP INC | 1.25% | Add +2.5% | 1,544,600 | $17.95M | $11.62 | No quote |
| 36 | MSFT | MICROSOFT CORP | 1.12% | Add +8.9% | 464,700 | $16.05M | $34.55 | No quote |
| 37 | MS | MORGAN STANLEY | 1.11% | Add +2.5% | 656,050 | $16.03M | $24.43 | No quote |
| 38 | LVLT | LEVEL 3 COMMUNICATIONS INC | 1.11% | Add +2.5% | 759,900 | $16.02M | No quote | No quote |
| 39 | LEDR | MARKET LEADER INC | 0.94% | Reduce -61.1% | 1,259,600 | $13.48M | No quote | No quote |
| 40 | MRVL | MARVELL TECHNOLOGY GROUP LTD | 0.85% | Add +21.7% | 1,038,700 | $12.16M | $11.71 | No quote |
| 41 | AINV | APOLLO INVT CORP | 0.81% | Add +7.8% | 1,509,200 | $11.68M | No quote | No quote |
| 42 | NXPI | NXP SEMICONDUCTORS N V | 0.81% | Add +2.5% | 373,500 | $11.59M | $31.02 | No quote |
| 43 | IVR | INVESCO MORTGAGE CAPITAL INC | 0.69% | Add +2.5% | 601,400 | $9.96M | No quote | No quote |
| 44 | DNDN | DENDREON CORP | 0.69% | Add +2.5% | 2,405,400 | $9.91M | No quote | No quote |
| 45 | AGNC | AMERICAN CAPITAL AGENCY CORP | 0.65% | Add +4.9% | 407,725 | $9.38M | No quote | No quote |
| 46 | HTS | HATTERAS FINL CORP | 0.57% | Add +9.1% | 330,200 | $8.14M | No quote | No quote |
| 47 | APOL | APOLLO GROUP INC | 0.54% | New | 437,300 | $7.75M | No quote | No quote |
| 48 | NRF | NORTHSTAR RLTY FIN CORP | 0.52% | Add +16.6% | 823,300 | $7.49M | No quote | No quote |
| 49 | TMHC | TAYLOR MORRISON HOME CORP | 0.48% | New | 285,760 | $6.97M | $24.38 | No quote |
| 50 | MTGE | AMERICAN CAP MTG INVT CORP | 0.41% | Add +2.4% | 328,000 | $5.9M | No quote | No quote |
| 51 | NCT | NEWCASTLE INVT CORP | 0.33% | Add +189.8% | 893,600 | $4.67M | No quote | No quote |
| 52 | NRZ | NEW RESIDENTIAL INVT CORP | 0.18% | New | 390,700 | $2.63M | No quote | No quote |
| 53 | CIM | CHIMERA INVT CORP | 0.07% | New | 343,360 | $1.03M | No quote | No quote |
| 55 | RRD | DONNELLEY R R & SONS CO | 0.06% | New | 65,000 | $911K | No quote | No quote |
| 54 | BGMD | BG MEDICINE INC | 0.06% | - | 684,236 | $911K | No quote | No quote |
| 56 | PNNT | PENNANTPARK INVT CORP | 0.06% | New | 78,860 | $872K | No quote | No quote |
| 57 | CODI | COMPASS DIVERSIFIED HOLDINGS | 0.06% | New | 49,000 | $859K | No quote | No quote |
| 58 | MCD | MCDONALDS CORP | 0.06% | New | 8,500 | $842K | $99.06 | No quote |
| 59 | DPS | DR PEPPER SNAPPLE GROUP INC | 0.06% | New | 18,000 | $827K | No quote | No quote |
| 60 | KKR | KKR & CO L P DEL | 0.06% | New | 40,900 | $805K | $19.68 | No quote |
| 61 | PBI | PITNEY BOWES INC | 0.05% | New | 53,600 | $787K | $14.68 | No quote |
| 62 | OZM | OCH ZIFF CAP MGMT GROUP | 0.05% | New | 75,100 | $785K | No quote | No quote |
| 63 | EAT | BRINKER INTL INC | 0.05% | New | 19,000 | $750K | No quote | No quote |
| 64 | APO | APOLLO GLOBAL MGMT LLC | 0.05% | New | 31,000 | $748K | $24.13 | No quote |
| 65 | OAK | OAKTREE CAP GROUP LLC | 0.05% | New | 13,000 | $684K | No quote | No quote |
| 66 | WIN | WINDSTREAM CORP | 0.05% | New | 87,000 | $671K | No quote | No quote |
| 67 | BKCC | BLACKROCK KELSO CAPITAL CORP | 0.05% | New | 70,800 | $663K | No quote | No quote |
| 68 | MCC | MEDLEY CAP CORP | 0.05% | New | 48,200 | $655K | No quote | No quote |
| 69 | HIX | WESTERN ASSET HIGH INCM FD I | 0.05% | New | 70,460 | $650K | No quote | No quote |
| 70 | NCMI | NATIONAL CINEMEDIA INC | 0.04% | New | 36,000 | $609K | $16.92 | No quote |
| 71 | TCRD | THL CR INC | 0.04% | New | 40,000 | $608K | No quote | No quote |
| 72 | QUAD | QUAD / GRAPHICS INC | 0.04% | New | 25,000 | $603K | $24.12 | No quote |
| 73 | RWT | REDWOOD TR INC | 0.04% | New | 35,000 | $595K | No quote | No quote |
| 74 | PDLI | PDL BIOPHARMA INC | 0.04% | New | 76,400 | $590K | No quote | No quote |
| 75 | BGCP | BGC PARTNERS INC | 0.04% | New | 100,000 | $589K | No quote | No quote |
| 76 | HFC | HOLLYFRONTIER CORP | 0.04% | New | 13,500 | $578K | No quote | No quote |
| 77 | SUNS | SOLAR SR CAP LTD | 0.04% | New | 29,400 | $542K | No quote | No quote |
| 78 | RSO | RESOURCE CAP CORP | 0.04% | New | 84,100 | $518K | No quote | No quote |
| 79 | CLCT | COLLECTORS UNIVERSE INC | 0.04% | New | 39,000 | $517K | No quote | No quote |
| 80 | STWD | STARWOOD PPTY TR INC | 0.03% | New | 20,000 | $495K | $24.75 | No quote |
| 81 | ETP | ENERGY TRANSFER PRTNRS L P | 0.03% | New | 8,800 | $445K | No quote | No quote |
| 82 | CMO | CAPSTEAD MTG CORP | 0.03% | New | 35,000 | $424K | No quote | No quote |
| 83 | GBDC | GOLUB CAP BDC INC | 0.03% | New | 23,900 | $419K | No quote | No quote |
| 84 | RNDY | ROUNDYS INC | 0.03% | New | 50,000 | $417K | No quote | No quote |
| 85 | HLF | HERBALIFE LTD | 0.03% | New | 9,000 | $407K | $45.22 | No quote |
| 86 | SLRC | SOLAR CAP LTD | 0.03% | New | 17,000 | $393K | No quote | No quote |
| 87 | BLK | BLACKROCK INC | 0.03% | New | 1,500 | $386K | $257.33 | No quote |
| 88 | RBSPRT | ROYAL BK SCOTLAND GROUP PLCPREF | 0.03% | New | 15,200 | $364K | No quote | No quote |
| 89 | ARR | ARMOUR RESIDENTIAL REIT INC | 0.02% | New | 75,000 | $354K | No quote | No quote |
| 90 | FTR | FRONTIER COMMUNICATIONS CORP | 0.02% | New | 85,000 | $345K | No quote | No quote |
| 91 | NLY | ANNALY CAP MGMT INC | 0.02% | New | 24,743 | $312K | No quote | No quote |
| 92 | SAN | BANCO SANTANDER SA | 0.02% | New | 41,100 | $266K | No quote | No quote |
| 93 | WMC | WESTERN ASSET MTG CAP CORP | 0.02% | New | 14,000 | $245K | No quote | No quote |
| 94 | CHKR | CHESAPEAKE GRANITE WASH TR | 0.02% | New | 15,000 | $232K | No quote | No quote |
| 95 | MCGC | MCG CAPITAL CORP | 0.01% | New | 37,500 | $196K | No quote | No quote |
| 96 | HOUS | REALOGY HLDGS CORP | 0.01% | Reduce -98.4% | 2,644 | $128K | No quote | No quote |
| 97 | ARI | APOLLO COML REAL EST FIN INC | 0.01% | New | 6,600 | $105K | No quote | No quote |
| 98 | AB | ALLIANCEBERNSTEIN HOLDING LP | 0.00% | New | 3,390 | $71K | No quote | No quote |
Options positions
Put = right to sell at strike (a bearish bet). Call = right to buy at strike (bullish via leverage). The notional column shows the underlying market value reported to the SEC, not the option premium paid - these don't add to the long-equity % portfolio above.
| 1 | AAPL | APPLE INCCOM | CALL | New | 736,500 | $18.27M |