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 38 of 112 rows. Rows without a quote are marked unavailable.
| 1 | GNW | GENWORTH FINL INC | 4.16% | Reduce -0.2% | 5,760,775 | $89.47M | No quote | No quote |
| 2 | MTG | MGIC INVT CORP WIS | 3.46% | Reduce -0.1% | 8,819,550 | $74.44M | $8.44 | No quote |
| 3 | DAL | DELTA AIR LINES INC DEL | 3.45% | Reduce -0.5% | 2,704,600 | $74.3M | $27.47 | No quote |
| 4 | NRF | NORTHSTAR RLTY FIN CORP | 3.36% | Add +532.9% | 5,372,750 | $72.26M | No quote | No quote |
| 5 | NCT | NEWCASTLE INVT CORP | 3.07% | Add +411.9% | 11,492,200 | $65.97M | No quote | No quote |
| 6 | NFLX | NETFLIX INC | 3.02% | Reduce -13.4% | 176,500 | $64.98M | $368.18 | No quote |
| 7 | UAL | UNITED CONTL HLDGS INC | 3.00% | Add +3.9% | 1,705,475 | $64.52M | $37.83 | No quote |
| 8 | PHM | PULTE GROUP INC | 2.95% | Add +3.9% | 3,117,675 | $63.51M | $20.37 | No quote |
| 9 | AAL | AMERICAN AIRLS GROUP INC | 2.90% | New | 2,469,925 | $62.37M | $25.25 | No quote |
| 10 | BAC | BANK OF AMERICA CORPORATION | 2.90% | Add +0.9% | 3,999,325 | $62.27M | $15.57 | No quote |
| 11 | GRPN | GROUPON INC | 2.87% | Reduce -5.2% | 5,245,900 | $61.72M | No quote | No quote |
| 12 | STX | SEAGATE TECHNOLOGY PLC | 2.81% | Add +3.8% | 1,074,950 | $60.37M | $56.16 | No quote |
| 13 | EBAY | EBAY INC | 2.70% | New | 1,060,100 | $58.16M | $54.87 | No quote |
| 14 | HIG | HARTFORD FINL SVCS GROUP INC | 2.48% | Add +3.9% | 1,470,700 | $53.28M | $36.23 | No quote |
| 15 | P | PANDORA MEDIA INC | 2.47% | Add +3.9% | 2,000,350 | $53.21M | No quote | No quote |
| 16 | AGO | ASSURED GUARANTY LTD | 2.26% | Add +3.9% | 2,059,575 | $48.59M | $23.59 | No quote |
| 17 | JPMWS | JPMORGAN CHASE & CO | 2.22% | Add +3.9% | 2,460,850 | $47.72M | No quote | No quote |
| 18 | C | CITIGROUP INC | 2.21% | Add +3.9% | 912,025 | $47.53M | $52.11 | No quote |
| 19 | AMZN | AMAZON COM INC | 2.18% | Add +3.9% | 117,695 | $46.94M | $398.79 | No quote |
| 20 | BBY | BEST BUY INC | 2.18% | Add +4.0% | 1,176,850 | $46.93M | $39.88 | No quote |
| 21 | AAPL | APPLE INC | 2.04% | Add +5.0% | 78,340 | $43.95M | $561.03 | No quote |
| 22 | LEN | LENNAR CORP | 1.99% | Add +16.6% | 1,083,200 | $42.85M | $39.56 | No quote |
| 23 | BYD | BOYD GAMING CORP | 1.97% | Add +4.0% | 3,766,725 | $42.41M | $11.26 | No quote |
| 24 | CI | CIGNA CORPORATION | 1.92% | Add +4.0% | 470,875 | $41.19M | $87.48 | No quote |
| 25 | ETFC | E TRADE FINANCIAL CORP | 1.85% | Add +4.0% | 2,027,625 | $39.82M | No quote | No quote |
| 26 | QCOR | QUESTCOR PHARMACEUTICALS INC | 1.72% | Add +4.1% | 677,475 | $36.89M | No quote | No quote |
| 27 | EFC | ELLINGTON FINANCIAL LLC | 1.66% | Reduce -3.5% | 1,578,522 | $35.79M | No quote | No quote |
| 28 | KBH | KB HOME | 1.65% | Add +7.4% | 1,943,725 | $35.53M | No quote | No quote |
| 29 | CHK | CHESAPEAKE ENERGY CORP | 1.64% | Add +4.0% | 1,295,875 | $35.17M | No quote | No quote |
| 30 | OCIP | OCI PARTNERS LP | 1.46% | New | 1,139,875 | $31.46M | No quote | No quote |
| 31 | GM | GENERAL MTRS CO | 1.44% | Add +23.2% | 757,891 | $30.98M | $40.87 | No quote |
| 32 | OLED | UNIVERSAL DISPLAY CORP | 1.34% | Add +4.1% | 837,000 | $28.76M | No quote | No quote |
| 33 | ARCC | ARES CAP CORP | 1.32% | Reduce -4.4% | 1,594,963 | $28.34M | No quote | No quote |
| 34 | XON | INTREXON CORP | 1.30% | New | 1,173,000 | $27.92M | No quote | No quote |
| 35 | MSFT | MICROSOFT CORP | 1.28% | Add +53.1% | 736,675 | $27.56M | $37.41 | No quote |
| 36 | LVLT | LEVEL 3 COMMUNICATIONS INC | 1.26% | Add +4.1% | 819,500 | $27.18M | No quote | No quote |
| 37 | F | FORD MTR CO DEL | 1.23% | Add +4.1% | 1,721,485 | $26.56M | $15.43 | No quote |
| 38 | TMHC | TAYLOR MORRISON HOME CORP | 1.22% | Add +93.1% | 1,171,060 | $26.29M | $22.45 | No quote |
| 39 | IAC | IAC INTERACTIVECORP | 1.13% | Add +4.3% | 354,050 | $24.31M | $68.65 | No quote |
| 40 | NXPI | NXP SEMICONDUCTORS N V | 1.12% | Add +35.7% | 524,300 | $24.08M | $45.93 | No quote |
| 41 | RDN | RADIAN GROUP INC | 1.09% | Add +4.2% | 1,666,300 | $23.53M | $14.12 | No quote |
| 42 | APOL | APOLLO ED GROUP INC | 1.09% | Add +4.3% | 855,425 | $23.37M | No quote | No quote |
| 43 | ZU | ZULILY INC | 1.06% | New | 552,625 | $22.9M | No quote | No quote |
| 44 | MS | MORGAN STANLEY | 1.03% | Add +4.2% | 707,925 | $22.2M | $31.36 | No quote |
| 45 | NIHD | NII HLDGS INC | 1.00% | Add +54.8% | 7,799,575 | $21.45M | No quote | No quote |
| 46 | TER | TERADYNE INC | 0.97% | Add +4.5% | 1,183,600 | $20.86M | $17.62 | No quote |
| 47 | PFSI | PENNYMAC FINL SVCS INC | 0.77% | Add +4.4% | 945,175 | $16.59M | No quote | No quote |
| 48 | MRVL | MARVELL TECHNOLOGY GROUP LTD | 0.75% | Add +4.4% | 1,123,025 | $16.15M | $14.38 | No quote |
| 49 | LEAF | SPRINGLEAF HLDGS INC | 0.67% | New | 571,900 | $14.46M | No quote | No quote |
| 50 | ESNT | ESSENT GROUP LTD | 0.51% | New | 453,925 | $10.92M | No quote | No quote |
| 51 | AINV | APOLLO INVT CORP | 0.46% | Reduce -23.6% | 1,178,650 | $10M | No quote | No quote |
| 52 | S | SPRINT CORP | 0.42% | Add +5.1% | 841,118 | $9.04M | No quote | No quote |
| 53 | AGNC | AMERICAN CAPITAL AGENCY CORP | 0.40% | Add +4.8% | 442,250 | $8.53M | No quote | No quote |
| 54 | IVR | INVESCO MORTGAGE CAPITAL INC | 0.37% | Reduce -14.0% | 535,400 | $7.86M | No quote | No quote |
| 55 | DNDN | DENDREON CORP | 0.34% | - | 2,434,000 | $7.28M | No quote | No quote |
| 56 | MTGE | AMERICAN CAP MTG INVT CORP | 0.29% | Add +5.1% | 357,050 | $6.24M | No quote | No quote |
| 57 | HTS | HATTERAS FINL CORP | 0.27% | Add +4.8% | 357,650 | $5.85M | No quote | No quote |
| 58 | EARN | ELLINGTON RESIDENTIAL MTG RE | 0.05% | - | 75,000 | $1.15M | No quote | No quote |
| 59 | OZM | OCH ZIFF CAP MGMT GROUP | 0.05% | - | 75,100 | $1.11M | No quote | No quote |
| 60 | CIM | CHIMERA INVT CORP | 0.05% | - | 343,360 | $1.07M | No quote | No quote |
| 61 | KKR | KKR & CO L P DEL | 0.05% | - | 40,900 | $996K | $24.35 | No quote |
| 62 | APO | APOLLO GLOBAL MGMT LLC | 0.05% | - | 31,000 | $980K | $31.61 | No quote |
| 63 | 97382A | WINDSTREAM HLDGS INC | 0.05% | Add +40.2% | 122,000 | $974K | No quote | No quote |
| 64 | CODI | COMPASS DIVERSIFIED HOLDINGS | 0.04% | - | 49,000 | $962K | No quote | No quote |
| 65 | EAT | BRINKER INTL INC | 0.04% | - | 19,000 | $881K | No quote | No quote |
| 66 | VR | VALIDUS HOLDINGS LTD | 0.04% | New | 20,000 | $806K | No quote | No quote |
| 67 | CYS | CYS INVTS INC | 0.04% | - | 107,000 | $793K | No quote | No quote |
| 68 | MVC | MVC CAPITAL INC | 0.04% | New | 58,000 | $783K | No quote | No quote |
| 69 | DPS | DR PEPPER SNAPPLE GROUP INC | 0.04% | Reduce -11.1% | 16,000 | $780K | No quote | No quote |
| 70 | RSO | RESOURCE CAP CORP | 0.04% | Add +53.5% | 129,100 | $766K | No quote | No quote |
| 71 | OAK | OAKTREE CAP GROUP LLC | 0.04% | - | 13,000 | $765K | No quote | No quote |
| 72 | RRD | DONNELLEY R R & SONS CO | 0.04% | Reduce -20.2% | 37,500 | $761K | No quote | No quote |
| 73 | HLF | HERBALIFE LTD | 0.03% | - | 9,000 | $709K | $78.78 | No quote |
| 74 | QUAD | QUAD / GRAPHICS INC | 0.03% | - | 25,000 | $681K | $27.24 | No quote |
| 75 | RWT | REDWOOD TR INC | 0.03% | - | 35,000 | $678K | No quote | No quote |
| 76 | HFC | HOLLYFRONTIER CORP | 0.03% | - | 13,500 | $671K | No quote | No quote |
| 77 | CLCT | COLLECTORS UNIVERSE INC | 0.03% | - | 39,000 | $669K | No quote | No quote |
| 78 | MCC | MEDLEY CAP CORP | 0.03% | - | 48,200 | $668K | No quote | No quote |
| 79 | TCRD | THL CR INC | 0.03% | - | 40,000 | $660K | No quote | No quote |
| 80 | LNCO | LINNCO LLC | 0.03% | New | 21,000 | $648K | No quote | No quote |
| 81 | PDLI | PDL BIOPHARMA INC | 0.03% | - | 76,400 | $645K | No quote | No quote |
| 82 | NCMI | NATIONAL CINEMEDIA INC | 0.03% | Reduce -13.9% | 31,000 | $619K | $19.97 | No quote |
| 83 | BGCP | BGC PARTNERS INC | 0.03% | - | 100,000 | $605K | No quote | No quote |
| 84 | BANX | STONECASTLE FINL CORP | 0.03% | New | 24,000 | $590K | No quote | No quote |
| 86 | STWD | STARWOOD PPTY TR INC | 0.03% | - | 20,000 | $554K | $27.70 | No quote |
| 85 | MCD | MCDONALDS CORP | 0.03% | - | 5,700 | $554K | $97.19 | No quote |
| 87 | PBI | PITNEY BOWES INC | 0.02% | Reduce -49.5% | 22,500 | $525K | $23.33 | No quote |
| 88 | ETP | ENERGY TRANSFER PRTNRS L P | 0.02% | - | 8,800 | $504K | No quote | No quote |
| 89 | NRZ | NEW RESIDENTIAL INVT CORP | 0.02% | Reduce -81.3% | 75,000 | $501K | No quote | No quote |
| 90 | BLK | BLACKROCK INC | 0.02% | - | 1,500 | $475K | $316.67 | No quote |
| 91 | GBDC | GOLUB CAP BDC INC | 0.02% | - | 23,900 | $457K | No quote | No quote |
| 92 | CMO | CAPSTEAD MTG CORP | 0.02% | - | 35,000 | $423K | No quote | No quote |
| 93 | FTR | FRONTIER COMMUNICATIONS CORP | 0.02% | - | 85,000 | $396K | No quote | No quote |
| 94 | BCRH | BLUE CAP REINS HLDGS LTD | 0.02% | New | 21,500 | $395K | No quote | No quote |
| 95 | SAN | BANCO SANTANDER SA | 0.02% | - | 41,100 | $373K | No quote | No quote |
| 96 | RBSPRT | ROYAL BK SCOTLAND GROUP PLCPREF | 0.02% | - | 15,200 | $365K | No quote | No quote |
| 97 | ARR | ARMOUR RESIDENTIAL REIT INC | 0.01% | - | 75,000 | $301K | No quote | No quote |
| 98 | NLY | ANNALY CAP MGMT INC | 0.01% | - | 24,743 | $247K | No quote | No quote |
| 99 | WMC | WESTERN ASSET MTG CAP CORP | 0.01% | - | 14,000 | $209K | No quote | No quote |
| 100 | MCGC | MCG CAPITAL CORP | 0.01% | - | 37,500 | $165K | No quote | No quote |
| 101 | CHKR | CHESAPEAKE GRANITE WASH TR | 0.01% | - | 15,000 | $159K | No quote | No quote |
| 102 | ARI | APOLLO COML REAL EST FIN INC | 0.01% | - | 6,600 | $108K | No quote | No quote |
| 103 | KODKWS | EASTMAN KODAK CO | 0.00% | New | 773 | $16K | No quote | No quote |
| 104 | KODKWSA | EASTMAN KODAK CO | 0.00% | New | 773 | $15K | No quote | No quote |
| 111 | LCC | U S AIRWAYS GROUP INC | - | Sold | 0 | $0 | No quote | No quote |
| 110 | SUNS | SOLAR SR CAP LTD | - | Sold | 0 | $0 | No quote | No quote |
| 109 | SLRC | SOLAR CAP LTD | - | Sold | 0 | $0 | No quote | No quote |
| 108 | RNDY | ROUNDYS INC | - | Sold | 0 | $0 | No quote | No quote |
| 107 | PNNT | PENNANTPARK INVT CORP | - | Sold | 0 | $0 | No quote | No quote |
| 106 | BKCC | BLACKROCK KELSO CAPITAL CORP | - | Sold | 0 | $0 | No quote | No quote |
| 105 | BGMD | BG MEDICINE INC | - | Sold | 0 | $0 | 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 | Reduce -22.8% | 582,800 | $53.85M |