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Focused investors/Bill Miller

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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Updated 2026-06-06 from SEC 13F data.

Live quotes available for 45 of 123 rows. Rows without a quote are marked unavailable.

1AAPLAPPLE INC6.49%Add +7375.9%5,925,390$169.26M$28.56No quote
2AALAMERICAN AIRLS GROUP INC3.66%Reduce -10.5%2,219,775$95.36M$42.96No quote
3DALDELTA AIR LINES INC DEL3.64%Reduce -9.7%2,452,950$94.98M$38.72No quote
4GNWGENWORTH FINL INC3.58%Reduce -6.9%5,372,300$93.48MNo quoteNo quote
5QCOMQUALCOMM INC3.07%Reduce -4.9%1,009,740$79.97M$79.20No quote
6MTGMGIC INVT CORP WIS3.02%Reduce -3.9%8,518,450$78.71M$9.24No quote
7XONINTREXON CORP2.70%Add +69.7%2,801,325$70.4MNo quoteNo quote
8NRFNORTHSTAR RLTY FIN CORP2.67%Reduce -24.6%4,012,450$69.74MNo quoteNo quote
9UALUNITED CONTL HLDGS INC2.66%Reduce -1.2%1,688,650$69.35M$41.07No quote
10NFLXNETFLIX INC2.46%Reduce -1.3%145,305$64.02M$440.60No quote
11PHMPULTE GROUP INC2.44%Reduce -1.6%3,154,450$63.59M$20.16No quote
12GMEGAMESTOP CORP NEW2.41%Add +28.1%1,550,450$62.75MNo quoteNo quote
13BACBANK OF AMERICA CORPORATION2.34%Reduce -1.1%3,962,525$60.91M$15.37No quote
14PPANDORA MEDIA INC2.24%Reduce -1.4%1,981,025$58.44MNo quoteNo quote
15STXSEAGATE TECHNOLOGY PLC2.20%Reduce -6.3%1,008,575$57.31M$56.82No quote
16CHKCHESAPEAKE ENERGY CORP2.19%Reduce -1.6%1,833,375$56.98MNo quoteNo quote
17GILDGILEAD SCIENCES INC2.13%New670,075$55.56M$82.91No quote
18NCTNEWCASTLE INVT CORP2.03%Reduce -3.6%11,047,050$52.92MNo quoteNo quote
19EBAYEBAY INC2.01%Reduce -1.4%1,048,900$52.51M$50.06No quote
20HIGHARTFORD FINL SVCS GROUP INC1.92%Reduce -5.1%1,397,750$50.05M$35.81No quote
21AGOASSURED GUARANTY LTD1.91%Reduce -1.5%2,032,150$49.79M$24.50No quote
22CCITIGROUP INC1.89%Reduce -1.1%1,048,725$49.4M$47.10No quote
23JPMWSJPMORGAN CHASE & CO1.81%Reduce -1.1%2,436,550$47.1MNo quoteNo quote
24BYDBOYD GAMING CORP1.73%Reduce -1.5%3,723,375$45.17M$12.13No quote
25LENLENNAR CORP1.73%Reduce -1.4%1,071,950$45M$41.98No quote
26CICIGNA CORPORATION1.64%Reduce -1.2%465,500$42.81M$91.97No quote
27NSMNATIONSTAR MTG HLDGS INC1.58%Add +13.1%1,136,175$41.24MNo quoteNo quote
28EFCELLINGTON FINANCIAL LLC1.56%Add +0.4%1,693,972$40.66MNo quoteNo quote
29NXPINXP SEMICONDUCTORS N V1.51%Add +14.4%596,650$39.49M$66.18No quote
30TMHCTAYLOR MORRISON HOME CORP1.50%Reduce -1.4%1,741,035$39.04M$22.42No quote
31GMGENERAL MTRS CO1.50%Reduce -3.4%1,074,700$39.01M$36.30No quote
32ETFCE TRADE FINANCIAL CORP1.49%Reduce -9.8%1,828,900$38.88MNo quoteNo quote
33AMZNAMAZON COM INC1.45%Reduce -1.5%116,340$37.79M$324.78No quote
34KBHKB HOME1.42%Reduce -1.6%1,987,625$37.13MNo quoteNo quote
35BBYBEST BUY INC1.38%Reduce -1.4%1,161,275$36.01M$31.01No quote
36GRPNGROUPON INC1.32%Reduce -1.4%5,212,200$34.51MNo quoteNo quote
37LVLTLEVEL 3 COMMUNICATIONS INC1.31%Reduce -4.8%779,625$34.23MNo quoteNo quote
38MSFTMICROSOFT CORP1.16%Reduce -1.3%726,875$30.31M$41.70No quote
39OLEDUNIVERSAL DISPLAY CORP1.02%Reduce -1.4%825,075$26.49MNo quoteNo quote
40APOLAPOLLO ED GROUP INC1.01%Reduce -1.4%843,375$26.36MNo quoteNo quote
41FFORD MTR CO DEL1.00%Reduce -11.7%1,515,750$26.13M$17.24No quote
42OCIPOCI PARTNERS LP0.95%Add +1.4%1,166,625$24.79MNo quoteNo quote
43RDNRADIAN GROUP INC0.93%Reduce -1.6%1,643,875$24.35M$14.81No quote
44IACIAC INTERACTIVECORP0.92%Reduce -1.8%348,075$24.1M$69.23No quote
45SVUSUPERVALU INC0.92%Reduce -1.5%2,907,475$23.9MNo quoteNo quote
46PFSIPENNYMAC FINL SVCS INC0.88%Reduce -1.7%1,511,075$22.95MNo quoteNo quote
47TERTERADYNE INC0.87%Reduce -1.7%1,159,925$22.74M$19.60No quote
48ZUZULILY INC0.85%Reduce -1.4%543,600$22.26MNo quoteNo quote
49MSMORGAN STANLEY0.79%Reduce -9.5%640,275$20.7M$32.33No quote
50LEAFSPRINGLEAF HLDGS INC0.61%Reduce -2.0%615,400$15.97MNo quoteNo quote
51MRVLMARVELL TECHNOLOGY GROUP LTD0.60%Reduce -1.7%1,100,900$15.78M$14.33No quote
52COUPCOUPONS COM INC0.59%Add +9.5%583,000$15.34MNo quoteNo quote
53MMMILLENNIAL MEDIA INC0.58%Add +11.2%3,022,525$15.08MNo quoteNo quote
54CSCOCISCO SYS INC0.57%Add +117.4%598,100$14.86M$24.85No quote
55TWTRTWITTER INC0.37%New233,400$9.56MNo quoteNo quote
56IBMINTERNATIONAL BUSINESS MACHS0.36%Add +121.5%52,485$9.51M$181.27No quote
57NEWMNEW MEDIA INVT GROUP INC0.11%Reduce -77.7%211,807$2.99MNo quoteNo quote
58STWDSTARWOOD PPTY TR INC0.07%Add +311.0%82,200$1.95M$23.77No quote
59ABYABENGOA YIELD PLC0.07%New50,000$1.89MNo quoteNo quote
60APOAPOLLO GLOBAL MGMT LLC0.07%Add +106.1%63,900$1.77M$27.73No quote
61HLSSHOME LN SERVICING SOLUTIONS0.07%New76,600$1.74MNo quoteNo quote
6297382AWINDSTREAM HLDGS INC0.06%Add +39.1%169,700$1.69MNo quoteNo quote
63QIWIQIWI PLC0.06%Add +60.8%41,800$1.69MNo quoteNo quote
64PMTPENNYMAC MTG INVT TR0.06%Add +119.1%76,700$1.68MNo quoteNo quote
66OZMOCH ZIFF CAP MGMT GROUP0.06%Add +57.5%118,100$1.63MNo quoteNo quote
65CODICOMPASS DIVERSIFIED HOLDINGS0.06%Add +122.0%90,000$1.63MNo quoteNo quote
67HCLPHI-CRUSH PARTNERS LP0.06%New24,000$1.57MNo quoteNo quote
68AINVAPOLLO INVT CORP0.06%Reduce -85.4%181,400$1.56MNo quoteNo quote
69KKRKKR & CO L P DEL0.06%Add +55.3%63,500$1.55M$24.33No quote
70EARNELLINGTON RESIDENTIAL MTG RE0.06%Add +12.3%89,875$1.53MNo quoteNo quote
71FIGFORTRESS INVESTMENT GROUP LL0.06%New201,400$1.5M$7.44No quote
72ARCCARES CAP CORP0.06%Reduce -95.2%82,800$1.48MNo quoteNo quote
73TPVGTRIPLEPOINT VENTR GRW BDC CO0.06%Add +49.8%89,900$1.47MNo quoteNo quote
74BGCPBGC PARTNERS INC0.06%Add +96.4%196,400$1.46MNo quoteNo quote
75AGNCAMERICAN CAPITAL AGENCY CORP0.05%Add +513.8%57,700$1.35MNo quoteNo quote
76CIMCHIMERA INVT CORP0.05%Add +16.6%400,400$1.28MNo quoteNo quote
77VRVALIDUS HOLDINGS LTD0.05%Add +63.0%32,600$1.25MNo quoteNo quote
78HLFHERBALIFE LTD0.04%Add +17.0%17,900$1.16M$64.58No quote
79RNORHINO RESOURCE PARTNERS LP0.04%Add +12.0%81,750$1.15MNo quoteNo quote
80CYSCYS INVTS INC0.04%Add +16.5%124,700$1.13MNo quoteNo quote
81DINDINEEQUITY INC0.04%Add +16.7%14,000$1.11M$79.50No quote
82MCDMCDONALDS CORP0.04%New10,900$1.1M$100.83No quote
83SANBANCO SANTANDER SA0.04%Add +150.1%102,800$1.07MNo quoteNo quote
84PMPHILIP MORRIS INTL INC0.04%New12,700$1.07M$84.33No quote
85TALTAL INTL GROUP INC0.04%Add +14.2%23,400$1.04M$44.40No quote
86CMOCAPSTEAD MTG CORP0.04%Add +122.9%78,000$1.03MNo quoteNo quote
87CTLCENTURYLINK INC0.04%New28,000$1.01MNo quoteNo quote
88GEGENERAL ELECTRIC CO0.04%New35,000$920K$26.29No quote
89MVCMVC CAPITAL INC0.03%Add +16.6%67,600$876KNo quoteNo quote
90IRDMBIRIDIUM COMMUNICATIONS INC0.03%New2,600$859KNo quoteNo quote
91RSORESOURCE CAP CORP0.03%Add +16.6%150,600$848KNo quoteNo quote
92HTGCHERCULES TECH GROWTH CAP INC0.03%New51,600$834KNo quoteNo quote
93RWTREDWOOD TR INC0.03%Add +16.6%40,800$795KNo quoteNo quote
94LNCOLINNCO LLC0.03%Add +16.2%24,400$764KNo quoteNo quote
95OAKOAKTREE CAP GROUP LLC0.03%Add +16.9%15,200$760KNo quoteNo quote
96RRDDONNELLEY R R & SONS CO0.03%Add +16.6%44,300$752KNo quoteNo quote
97BWPBOARDWALK PIPELINE PARTNERS0.03%Add +16.5%39,600$733KNo quoteNo quote
98PBIPITNEY BOWES INC0.03%Add +16.0%26,100$721K$27.62No quote
99HFCHOLLYFRONTIER CORP0.03%Add +17.0%15,800$691KNo quoteNo quote
100BANXSTONECASTLE FINL CORP0.03%Add +11.6%26,775$680KNo quoteNo quote
101NLYANNALY CAP MGMT INC0.03%Add +134.8%58,100$665KNo quoteNo quote
102QUADQUAD / GRAPHICS INC0.03%Add +16.4%29,100$651K$22.37No quote
103NCMINATIONAL CINEMEDIA INC0.02%Add +16.8%36,200$634K$17.51No quote
104TCAPTRIANGLE CAP CORP0.02%New22,100$627KNo quoteNo quote
105ETPENERGY TRANSFER PRTNRS L P0.02%Add +15.9%10,200$592KNo quoteNo quote
106FTRFRONTIER COMMUNICATIONS CORP0.02%Add +16.5%99,000$579KNo quoteNo quote
107NRZNEW RESIDENTIAL INVT CORP0.02%Add +16.7%87,500$552KNo quoteNo quote
108CLCTCOLLECTORS UNIVERSE INC0.02%Add +16.5%26,500$520KNo quoteNo quote
109MTGEAMERICAN CAP MTG INVT CORP0.02%Reduce -58.3%25,000$501KNo quoteNo quote
110BCRHBLUE CAP REINS HLDGS LTD0.02%Add +16.7%25,100$495KNo quoteNo quote
111FSCFIFTH STREET FINANCE CORP0.02%Add +16.5%50,100$493KNo quoteNo quote
112HTSHATTERAS FINL CORP0.02%Add +16.5%23,300$462KNo quoteNo quote
113MCCMEDLEY CAP CORP0.02%Add +16.3%32,800$429KNo quoteNo quote
121WMCWESTERN ASSET MTG CAP CORP-Sold0$0No quoteNo quote
120SWAYSTARWOOD WAYPOINT RESIDENTL-Sold0$0No quoteNo quote
119QCORQUESTCOR PHARMACEUTICALS INC-Sold0$0No quoteNo quote
118NIHDNII HLDGS INC-Sold0$0No quoteNo quote
117ESNTESSENT GROUP LTD-Sold0$0No quoteNo quote
116DNDNDENDREON CORP-Sold0$0No quoteNo quote
115ARRARMOUR RESIDENTIAL REIT INC-Sold0$0No quoteNo quote
114ARIAPOLLO COML REAL EST FIN INC-Sold0$0No quoteNo quote

Other instruments

Bonds, warrants, or non-share principal positions reported alongside the equity portfolio.

2-TOWER GROUP INCNOTE 5.000% 9/1OTHER0$0
1-DOLLAR FINL CORPNOTE 3.000% 4/0OTHER0$0