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 123 rows. Rows without a quote are marked unavailable.
| 1 | AAL | AMERICAN AIRLS GROUP INC | 5.05% | Add +5.0% | 2,401,225 | $128.78M | $53.63 | No quote |
| 2 | DAL | DELTA AIR LINES INC DEL | 4.63% | Reduce -5.0% | 2,401,225 | $118.12M | $49.19 | No quote |
| 3 | UAL | UNITED CONTL HLDGS INC | 4.56% | Reduce -0.4% | 1,740,625 | $116.43M | $66.89 | No quote |
| 4 | GNW | GENWORTH FINL INC | 3.45% | Add +87.0% | 10,369,125 | $88.14M | No quote | No quote |
| 5 | PHM | PULTE GROUP INC | 3.45% | Add +26.1% | 4,102,850 | $88.05M | $21.46 | No quote |
| 6 | PAH | PLATFORM SPECIALTY PRODS COR | 3.28% | New | 3,601,700 | $83.63M | No quote | No quote |
| 7 | NXPI | NXP SEMICONDUCTORS N V | 3.28% | Add +61.7% | 1,094,525 | $83.62M | $76.40 | No quote |
| 8 | LEN | LENNAR CORP | 3.22% | Add +65.5% | 1,834,300 | $82.2M | $44.81 | No quote |
| 9 | MTG | MGIC INVT CORP WIS | 3.20% | Reduce -0.3% | 8,757,825 | $81.62M | $9.32 | No quote |
| 10 | XON | INTREXON CORP | 3.17% | Add +1.9% | 2,941,550 | $80.98M | No quote | No quote |
| 11 | QCOM | QUALCOMM INC | 3.02% | Reduce -0.2% | 1,036,890 | $77.07M | $74.33 | No quote |
| 12 | BAC | BANK AMER CORP | 2.86% | Reduce -0.3% | 4,076,425 | $72.93M | $17.89 | No quote |
| 13 | FCAU | FIAT CHRYSLER AUTOMOBILES N | 2.72% | New | 5,983,725 | $69.29M | No quote | No quote |
| 14 | STX | SEAGATE TECHNOLOGY PLC | 2.70% | Reduce -0.4% | 1,037,175 | $68.97M | $66.50 | No quote |
| 15 | GILD | GILEAD SCIENCES INC | 2.54% | Reduce -0.2% | 688,675 | $64.92M | $94.26 | No quote |
| 16 | C | CITIGROUP INC | 2.29% | Reduce -0.3% | 1,078,975 | $58.38M | $54.11 | No quote |
| 17 | GME | GAMESTOP CORP NEW | 2.11% | - | 1,594,950 | $53.91M | No quote | No quote |
| 18 | AAPL | APPLE INC | 2.08% | Reduce -15.8% | 479,790 | $52.96M | $110.38 | No quote |
| 19 | BABA | ALIBABA GROUP HLDG LTD | 2.07% | Add +1934.4% | 508,600 | $52.86M | $103.94 | No quote |
| 20 | PCLN | PRICELINE GRP INC | 2.05% | New | 45,830 | $52.26M | No quote | No quote |
| 21 | JPMWS | JPMORGAN CHASE & CO | 2.04% | Reduce -0.3% | 2,506,875 | $52.14M | No quote | No quote |
| 22 | NFLX | NETFLIX INC | 2.01% | Reduce -0.2% | 149,740 | $51.15M | $341.61 | No quote |
| 23 | CI | CIGNA CORPORATION | 1.93% | Reduce -0.2% | 478,900 | $49.28M | $102.91 | No quote |
| 24 | BYD | BOYD GAMING CORP | 1.92% | Reduce -0.4% | 3,831,975 | $48.97M | $12.78 | No quote |
| 25 | EBAY | EBAY INC | 1.85% | Reduce -21.9% | 840,275 | $47.16M | $56.12 | No quote |
| 26 | BBY | BEST BUY INC | 1.83% | Reduce -0.2% | 1,195,775 | $46.61M | $38.98 | No quote |
| 27 | ETFC | E TRADE FINANCIAL CORP | 1.79% | Reduce -0.1% | 1,882,400 | $45.66M | No quote | No quote |
| 28 | KBH | KB HOME | 1.76% | Add +32.4% | 2,715,050 | $44.94M | No quote | No quote |
| 29 | GRPN | GROUPON INC | 1.74% | - | 5,371,100 | $44.37M | No quote | No quote |
| 30 | COUP | COUPONS COM INC | 1.69% | Add +13.8% | 2,431,450 | $43.16M | No quote | No quote |
| 31 | P | PANDORA MEDIA INC | 1.69% | Add +18.8% | 2,414,950 | $43.06M | No quote | No quote |
| 32 | EIGI | ENDURANCE INTL GROUP HLDGS I | 1.69% | New | 2,334,450 | $43.02M | No quote | No quote |
| 33 | NSM | NATIONSTAR MTG HLDGS INC | 1.59% | Add +17.0% | 1,440,750 | $40.62M | No quote | No quote |
| 34 | AMZN | AMAZON COM INC | 1.57% | Add +1.9% | 128,925 | $40.01M | $310.35 | No quote |
| 35 | GM | GENERAL MTRS CO | 1.51% | - | 1,099,900 | $38.4M | $34.91 | No quote |
| 36 | CHK | CHESAPEAKE ENERGY CORP | 1.45% | Add +0.1% | 1,887,200 | $36.93M | No quote | No quote |
| 37 | TMHC | TAYLOR MORRISON HOME CORP | 1.40% | Add +1.9% | 1,896,260 | $35.82M | $18.89 | No quote |
| 38 | LVLT | LEVEL 3 COMMUNICATIONS INC | 1.39% | Reduce -0.1% | 719,975 | $35.55M | No quote | No quote |
| 39 | RDN | RADIAN GROUP INC | 1.11% | - | 1,691,875 | $28.29M | $16.72 | No quote |
| 40 | PFSI | PENNYMAC FINL SVCS INC | 1.06% | Reduce -0.1% | 1,556,575 | $26.93M | No quote | No quote |
| 41 | ZU | ZULILY INC | 0.93% | Add +71.5% | 1,016,400 | $23.78M | No quote | No quote |
| 42 | LEAF | SPRINGLEAF HLDGS INC | 0.90% | - | 632,700 | $22.89M | No quote | No quote |
| 43 | OCIP | OCI PARTNERS LP | 0.45% | Reduce -40.5% | 715,200 | $11.44M | No quote | No quote |
| 44 | NEWM | NEW MEDIA INVT GROUP INC | 0.26% | - | 283,200 | $6.69M | No quote | No quote |
| 45 | TCAP | TRIANGLE CAP CORP | 0.14% | Add +197.2% | 171,213 | $3.47M | No quote | No quote |
| 46 | STWD | STARWOOD PPTY TR INC | 0.13% | - | 145,200 | $3.38M | $23.24 | No quote |
| 47 | HLSS | HOME LN SERVICING SOLUTIONS | 0.13% | Add +46.1% | 168,000 | $3.28M | No quote | No quote |
| 48 | ARCP | AMERICAN RLTY CAP PPTYS INC | 0.13% | New | 355,000 | $3.21M | No quote | No quote |
| 49 | ABY | ABENGOA YIELD PLC | 0.11% | Add +110.0% | 105,000 | $2.87M | No quote | No quote |
| 50 | NRF | NORTHSTAR RLTY FIN CORP | 0.11% | Reduce -92.8% | 157,900 | $2.78M | No quote | No quote |
| 51 | HTS | HATTERAS FINL CORP | 0.10% | Add +467.8% | 132,300 | $2.44M | No quote | No quote |
| 52 | APO | APOLLO GLOBAL MGMT LLC | 0.09% | - | 95,000 | $2.24M | $23.59 | No quote |
| 53 | PMT | PENNYMAC MTG INVT TR | 0.07% | - | 90,500 | $1.91M | No quote | No quote |
| 54 | BGCP | BGC PARTNERS INC | 0.07% | - | 196,400 | $1.8M | No quote | No quote |
| 55 | AGNC | AMERICAN CAPITAL AGENCY CORP | 0.07% | Add +41.6% | 81,700 | $1.78M | No quote | No quote |
| 56 | CIM | CHIMERA INVT CORP | 0.07% | Add +37.6% | 551,000 | $1.75M | No quote | No quote |
| 57 | TPVG | TRIPLEPOINT VENTR GRW BDC CO | 0.06% | Add +22.4% | 110,000 | $1.63M | No quote | No quote |
| 58 | FIG | FORTRESS INVESTMENT GROUP LL | 0.06% | - | 201,400 | $1.62M | $8.02 | No quote |
| 59 | STON | STONEMOR PARTNERS L P | 0.06% | - | 60,000 | $1.55M | No quote | No quote |
| 60 | RESI | ALTISOURCE RESIDENTIAL CORP | 0.06% | - | 77,000 | $1.49M | No quote | No quote |
| 61 | KKR | KKR & CO L P DEL | 0.06% | - | 63,500 | $1.47M | $23.21 | No quote |
| 62 | CODI | COMPASS DIVERSIFIED HOLDINGS | 0.06% | - | 90,000 | $1.46M | No quote | No quote |
| 63 | HCI | HCI GROUP INC | 0.06% | - | 33,000 | $1.43M | $43.24 | No quote |
| 64 | MVC | MVC CAPITAL INC | 0.06% | Add +21.3% | 142,600 | $1.4M | No quote | No quote |
| 65 | 97382A | WINDSTREAM HLDGS INC | 0.05% | - | 169,700 | $1.4M | No quote | No quote |
| 66 | OZM | OCH ZIFF CAP MGMT GROUP | 0.05% | - | 118,100 | $1.38M | No quote | No quote |
| 67 | VR | VALIDUS HOLDINGS LTD | 0.05% | - | 32,600 | $1.36M | No quote | No quote |
| 68 | ARCC | ARES CAP CORP | 0.05% | - | 82,800 | $1.29M | No quote | No quote |
| 69 | CMO | CAPSTEAD MTG CORP | 0.05% | - | 105,000 | $1.29M | No quote | No quote |
| 70 | CYS | CYS INVTS INC | 0.04% | - | 124,700 | $1.09M | No quote | No quote |
| 71 | PM | PHILIP MORRIS INTL INC | 0.04% | - | 12,700 | $1.04M | $81.50 | No quote |
| 72 | QIWI | QIWI PLC | 0.04% | - | 50,800 | $1.03M | No quote | No quote |
| 73 | MCD | MCDONALDS CORP | 0.04% | - | 10,900 | $1.02M | $93.76 | No quote |
| 74 | TAL | TAL INTL GROUP INC | 0.04% | - | 23,400 | $1.02M | $43.59 | No quote |
| 75 | NAO | NORDIC AMERN OFFSHORE LTD | 0.04% | - | 80,000 | $983K | No quote | No quote |
| 76 | MTGE | AMERICAN CAP MTG INVT CORP | 0.04% | Add +108.0% | 52,000 | $980K | No quote | No quote |
| 77 | EFC | ELLINGTON FINANCIAL LLC | 0.04% | Reduce -97.1% | 49,000 | $979K | No quote | No quote |
| 78 | OXLC | OXFORD LANE CAP CORP | 0.04% | New | 65,000 | $972K | No quote | No quote |
| 79 | IRDMB | IRIDIUM COMMUNICATIONS INC | 0.04% | - | 2,600 | $952K | No quote | No quote |
| 80 | SAN | BANCO SANTANDER SA | 0.03% | Add +2.2% | 105,034 | $875K | No quote | No quote |
| 81 | LNCO | LINNCO LLC | 0.03% | Add +94.1% | 78,400 | $814K | No quote | No quote |
| 82 | RWT | REDWOOD TR INC | 0.03% | - | 40,800 | $804K | No quote | No quote |
| 83 | OAK | OAKTREE CAP GROUP LLC | 0.03% | - | 15,200 | $788K | No quote | No quote |
| 84 | RSO | RESOURCE CAP CORP | 0.03% | - | 150,600 | $760K | No quote | No quote |
| 86 | HCLP | HI-CRUSH PARTNERS LP | 0.03% | - | 24,000 | $745K | No quote | No quote |
| 85 | RRD | DONNELLEY R R & SONS CO | 0.03% | - | 44,300 | $745K | No quote | No quote |
| 87 | QUAD | QUAD / GRAPHICS INC | 0.03% | - | 29,100 | $669K | $22.99 | No quote |
| 88 | PBI | PITNEY BOWES INC | 0.03% | - | 26,100 | $637K | $24.41 | No quote |
| 89 | HFC | HOLLYFRONTIER CORP | 0.02% | - | 15,800 | $593K | No quote | No quote |
| 90 | SNR | NEW SR INVT GROUP INC | 0.02% | New | 35,966 | $592K | No quote | No quote |
| 91 | RITM | NEW RESIDENTIAL INVT CORP | 0.02% | New | 43,750 | $559K | No quote | No quote |
| 92 | BCRH | BLUE CAP REINS HLDGS LTD | 0.02% | - | 25,100 | $446K | No quote | No quote |
| 93 | NSAM | NORTHSTAR ASSET MGMT GROUP I | 0.02% | Reduce -99.2% | 17,500 | $395K | No quote | No quote |
| 120 | OLED | UNIVERSAL DISPLAY CORP | - | Sold | 0 | $0 | No quote | No quote |
| 119 | SVU | SUPERVALU INC | - | Sold | 0 | $0 | No quote | No quote |
| 118 | BANX | STONECASTLE FINL CORP | - | Sold | 0 | $0 | No quote | No quote |
| 117 | RNO | RHINO RESOURCE PARTNERS LP | - | Sold | 0 | $0 | No quote | No quote |
| 116 | NCT | NEWCASTLE INVT CORP NEW | - | Sold | 0 | $0 | No quote | No quote |
| 115 | NRZ | NEW RESIDENTIAL INVT CORP | - | Sold | 0 | $0 | No quote | No quote |
| 114 | NCMI | NATIONAL CINEMEDIA INC | - | Sold | 0 | $0 | No quote | No quote |
| 113 | MSFT | MICROSOFT CORP | - | Sold | 0 | $0 | No quote | No quote |
| 112 | MCC | MEDLEY CAP CORP | - | Sold | 0 | $0 | No quote | No quote |
| 111 | IBM | INTERNATIONAL BUSINESS MACHS | - | Sold | 0 | $0 | No quote | No quote |
| 110 | HTGC | HERCULES TECH GROWTH CAP INC | - | Sold | 0 | $0 | No quote | No quote |
| 109 | HLF | HERBALIFE LTD | - | Sold | 0 | $0 | No quote | No quote |
| 108 | HIG | HARTFORD FINL SVCS GROUP INC | - | Sold | 0 | $0 | No quote | No quote |
| 107 | GE | GENERAL ELECTRIC CO | - | Sold | 0 | $0 | No quote | No quote |
| 106 | FTR | FRONTIER COMMUNICATIONS CORP | - | Sold | 0 | $0 | No quote | No quote |
| 105 | F | FORD MTR CO DEL | - | Sold | 0 | $0 | No quote | No quote |
| 104 | ETP | ENERGY TRANSFER PRTNRS L P | - | Sold | 0 | $0 | No quote | No quote |
| 103 | EARN | ELLINGTON RESIDENTIAL MTG RE | - | Sold | 0 | $0 | No quote | No quote |
| 102 | DIN | DINEEQUITY INC | - | Sold | 0 | $0 | No quote | No quote |
| 101 | CVA | COVANTA HLDG CORP | - | Sold | 0 | $0 | No quote | No quote |
| 100 | CLCT | COLLECTORS UNIVERSE INC | - | Sold | 0 | $0 | No quote | No quote |
| 99 | CSCO | CISCO SYS INC | - | Sold | 0 | $0 | No quote | No quote |
| 98 | CTL | CENTURYLINK INC | - | Sold | 0 | $0 | No quote | No quote |
| 97 | BWP | BOARDWALK PIPELINE PARTNERS | - | Sold | 0 | $0 | No quote | No quote |
| 96 | AGO | ASSURED GUARANTY LTD | - | Sold | 0 | $0 | No quote | No quote |
| 95 | AINV | APOLLO INVT CORP | - | Sold | 0 | $0 | No quote | No quote |
| 94 | NLY | ANNALY CAP MGMT 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.
Other instruments
Bonds, warrants, or non-share principal positions reported alongside the equity portfolio.
| 1 | - | ALASKA COMMUNICATIONS SYS GRNOTE 6.250% 5/0 | OTHER | 1,000,000 | $951K |