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 36 of 101 rows. Rows without a quote are marked unavailable.
| 1 | XON | INTREXON CORP | 5.45% | - | 2,944,150 | $143.68M | No quote | No quote |
| 2 | MTG | MGIC INVT CORP WIS | 3.78% | - | 8,763,825 | $99.73M | $11.38 | No quote |
| 3 | DAL | DELTA AIR LINES INC DEL | 3.75% | - | 2,404,225 | $98.77M | $41.08 | No quote |
| 4 | AAL | AMERICAN AIRLS GROUP INC | 3.64% | - | 2,404,425 | $96.02M | $39.94 | No quote |
| 5 | NXPI | NXP SEMICONDUCTORS N V | 3.57% | - | 959,025 | $94.18M | $98.20 | No quote |
| 6 | LEN | LENNAR CORP | 3.54% | - | 1,829,700 | $93.39M | $51.04 | No quote |
| 7 | PAH | PLATFORM SPECIALTY PRODS COR | 3.50% | - | 3,604,500 | $92.2M | No quote | No quote |
| 8 | UAL | UNITED CONTL HLDGS INC | 3.38% | - | 1,683,375 | $89.24M | $53.01 | No quote |
| 9 | FCAU | FIAT CHRYSLER AUTOMOBILES N | 3.31% | - | 6,007,825 | $87.29M | No quote | No quote |
| 10 | PHM | PULTE GROUP INC | 3.20% | Add +2.6% | 4,191,900 | $84.47M | $20.15 | No quote |
| 11 | NFLX | NETFLIX INC | 3.00% | Reduce -19.7% | 120,340 | $79.06M | $656.95 | No quote |
| 12 | GNW | GENWORTH FINL INC | 2.97% | - | 10,348,925 | $78.34M | No quote | No quote |
| 13 | EIGI | ENDURANCE INTL GROUP HLDGS I | 2.96% | - | 3,781,350 | $78.12M | No quote | No quote |
| 14 | BAC | BANK AMER CORP | 2.63% | - | 4,080,225 | $69.45M | $17.02 | No quote |
| 15 | P | PANDORA MEDIA INC | 2.62% | - | 4,441,450 | $69.02M | No quote | No quote |
| 16 | GME | GAMESTOP CORP NEW | 2.59% | - | 1,589,350 | $68.28M | No quote | No quote |
| 17 | CI | CIGNA CORPORATION | 2.57% | Reduce -0.3% | 418,425 | $67.79M | $162.00 | No quote |
| 18 | GILD | GILEAD SCIENCES INC | 2.39% | - | 539,100 | $63.12M | $117.08 | No quote |
| 19 | JPMWS | JPMORGAN CHASE & CO | 2.35% | - | 2,506,875 | $62.05M | No quote | No quote |
| 20 | C | CITIGROUP INC | 2.27% | - | 1,081,800 | $59.76M | $55.24 | No quote |
| 21 | AAPL | APPLE INC | 2.26% | Reduce -0.8% | 474,230 | $59.48M | $125.43 | No quote |
| 22 | ZU | ZULILY INC | 2.14% | - | 4,323,500 | $56.38M | No quote | No quote |
| 23 | AMZN | AMAZON COM INC | 2.11% | Reduce -0.3% | 127,915 | $55.53M | $434.09 | No quote |
| 24 | BYD | BOYD GAMING CORP | 2.10% | - | 3,706,675 | $55.42M | $14.95 | No quote |
| 25 | QCOM | QUALCOMM INC | 2.03% | - | 854,440 | $53.51M | $62.63 | No quote |
| 26 | KBH | KB HOME | 1.78% | - | 2,829,350 | $46.97M | No quote | No quote |
| 27 | STX | SEAGATE TECHNOLOGY PLC | 1.67% | Reduce -10.9% | 924,400 | $43.91M | $47.50 | No quote |
| 28 | TCRT | ZIOPHARM ONCOLOGY INC | 1.58% | Add +15.9% | 3,477,547 | $41.73M | No quote | No quote |
| 29 | PCLN | PRICELINE GRP INC | 1.57% | Reduce -0.3% | 35,855 | $41.28M | No quote | No quote |
| 30 | TMHC | TAYLOR MORRISON HOME CORP | 1.49% | Add +1.6% | 1,927,500 | $39.24M | $20.36 | No quote |
| 31 | GM | GENERAL MTRS CO | 1.40% | - | 1,103,900 | $36.79M | $33.33 | No quote |
| 32 | LEAF | SPRINGLEAF HLDGS INC | 1.30% | Add +25.1% | 747,075 | $34.3M | No quote | No quote |
| 33 | COUP | COUPONS COM INC | 1.29% | - | 3,150,675 | $34M | No quote | No quote |
| 34 | RDN | RADIAN GROUP INC | 1.20% | - | 1,691,875 | $31.74M | $18.76 | No quote |
| 35 | ETFC | E TRADE FINANCIAL CORP | 1.15% | Reduce -6.0% | 1,009,975 | $30.25M | No quote | No quote |
| 36 | PFSI | PENNYMAC FINL SVCS INC | 1.07% | - | 1,556,575 | $28.21M | No quote | No quote |
| 37 | GRPN | GROUPON INC | 1.05% | Add +2.8% | 5,521,100 | $27.77M | No quote | No quote |
| 38 | NSM | NATIONSTAR MTG HLDGS INC | 0.99% | - | 1,558,950 | $26.19M | No quote | No quote |
| 39 | JD | JD COM INC | 0.97% | - | 751,025 | $25.61M | $34.10 | No quote |
| 40 | BABA | ALIBABA GROUP HLDG LTD | 0.84% | - | 269,400 | $22.16M | $82.27 | No quote |
| 41 | EBAY | EBAY INC | 0.76% | Reduce -54.1% | 330,525 | $19.91M | $60.24 | No quote |
| 42 | GRBK | GREEN BRICK PARTNERS INC | 0.72% | New | 1,725,225 | $18.89M | $10.95 | No quote |
| 43 | TPH | TRI POINTE HOMES INC | 0.69% | New | 1,195,750 | $18.3M | $15.30 | No quote |
| 44 | TWTR | TWITTER INC | 0.66% | Add +165.6% | 478,775 | $17.34M | No quote | No quote |
| 45 | CHK | CHESAPEAKE ENERGY CORP | 0.41% | Reduce -38.5% | 956,650 | $10.69M | No quote | No quote |
| 46 | BBY | BEST BUY INC | 0.27% | Reduce -55.0% | 215,600 | $7.03M | $32.61 | No quote |
| 47 | NEWM | NEW MEDIA INVT GROUP INC | 0.19% | - | 283,200 | $5.08M | No quote | No quote |
| 48 | TCAP | TRIANGLE CAP CORP | 0.15% | - | 171,213 | $4.01M | No quote | No quote |
| 49 | ARCP | AMERICAN RLTY CAP PPTYS INC | 0.15% | - | 485,000 | $3.94M | No quote | No quote |
| 50 | FTAI | FORTRESS TRANS INFRST INVS L | 0.14% | New | 200,000 | $3.63M | $18.13 | No quote |
| 51 | FIG | FORTRESS INVESTMENT GROUP LL | 0.13% | Add +124.1% | 451,400 | $3.3M | $7.30 | No quote |
| 52 | ABY | ABENGOA YIELD PLC | 0.12% | - | 105,000 | $3.29M | No quote | No quote |
| 53 | FSC | FIFTH STREET FINANCE CORP | 0.12% | - | 480,000 | $3.14M | No quote | No quote |
| 54 | STWD | STARWOOD PPTY TR INC | 0.12% | - | 145,200 | $3.13M | $21.57 | No quote |
| 55 | NRF | NORTHSTAR RLTY FIN CORP | 0.12% | - | 196,900 | $3.13M | No quote | No quote |
| 56 | RESI | ALTISOURCE RESIDENTIAL CORP | 0.12% | - | 180,000 | $3.03M | No quote | No quote |
| 57 | FTRPR | FRONTIER COMMUNICATIONS CORP | 0.11% | New | 28,000 | $2.8M | No quote | No quote |
| 58 | APO | APOLLO GLOBAL MGMT LLC | 0.10% | Add +26.3% | 120,000 | $2.66M | $22.15 | No quote |
| 59 | PMT | PENNYMAC MTG INVT TR | 0.09% | - | 140,000 | $2.44M | No quote | No quote |
| 60 | KKR | KKR & CO L P DEL | 0.09% | Add +55.1% | 98,500 | $2.25M | $22.85 | No quote |
| 61 | RITM | NEW RESIDENTIAL INVT CORP | 0.08% | - | 143,750 | $2.19M | No quote | No quote |
| 62 | HTS | HATTERAS FINL CORP | 0.08% | - | 132,300 | $2.16M | No quote | No quote |
| 63 | STON | STONEMOR PARTNERS L P | 0.07% | - | 60,000 | $1.81M | No quote | No quote |
| 64 | OCIP | OCI PARTNERS LP | 0.07% | - | 104,300 | $1.76M | No quote | No quote |
| 65 | OZM | OCH ZIFF CAP MGMT GROUP | 0.07% | Add +21.2% | 143,100 | $1.75M | No quote | No quote |
| 66 | BGCP | BGC PARTNERS INC | 0.07% | - | 196,400 | $1.72M | No quote | No quote |
| 67 | FTR | FRONTIER COMMUNICATIONS CORP | 0.06% | New | 325,000 | $1.61M | No quote | No quote |
| 68 | TPVG | TRIPLEPOINT VENTR GRW BDC CO | 0.06% | Add +2.8% | 114,266 | $1.54M | No quote | No quote |
| 69 | CIM | CHIMERA INVT CORP | 0.06% | Reduce -80.0% | 110,200 | $1.51M | No quote | No quote |
| 70 | AGNC | AMERICAN CAPITAL AGENCY CORP | 0.06% | - | 81,700 | $1.5M | No quote | No quote |
| 71 | CODI | COMPASS DIVERSIFIED HOLDINGS | 0.06% | - | 90,000 | $1.48M | No quote | No quote |
| 72 | HCI | HCI GROUP INC | 0.06% | - | 33,000 | $1.46M | $44.21 | No quote |
| 73 | MVC | MVC CAPITAL INC | 0.06% | - | 142,600 | $1.46M | No quote | No quote |
| 74 | VR | VALIDUS HOLDINGS LTD | 0.05% | - | 32,600 | $1.44M | No quote | No quote |
| 75 | QIWI | QIWI PLC | 0.05% | - | 50,800 | $1.43M | No quote | No quote |
| 76 | CMO | CAPSTEAD MTG CORP | 0.04% | - | 105,000 | $1.17M | No quote | No quote |
| 77 | CYS | CYS INVTS INC | 0.04% | - | 124,700 | $964K | No quote | No quote |
| 78 | EFC | ELLINGTON FINANCIAL LLC | 0.03% | - | 49,000 | $907K | No quote | No quote |
| 79 | IRDMB | IRIDIUM COMMUNICATIONS INC | 0.03% | - | 2,600 | $871K | No quote | No quote |
| 80 | CSAL | COMMUNICATIONS SALES&LEAS IN | 0.03% | New | 33,940 | $839K | No quote | No quote |
| 81 | MTGE | AMERICAN CAP MTG INVT CORP | 0.03% | - | 52,000 | $832K | No quote | No quote |
| 82 | OAK | OAKTREE CAP GROUP LLC | 0.03% | - | 15,200 | $809K | No quote | No quote |
| 83 | RRD | DONNELLEY R R & SONS CO | 0.03% | - | 44,300 | $773K | No quote | No quote |
| 84 | LNCO | LINNCO LLC | 0.03% | - | 78,400 | $741K | No quote | No quote |
| 85 | NAO | NORDIC AMERN OFFSHORE LTD | 0.02% | - | 80,000 | $652K | No quote | No quote |
| 86 | QUAD | QUAD / GRAPHICS INC | 0.02% | - | 29,100 | $539K | $18.52 | No quote |
| 87 | WIN | WINDSTREAM HLDGS INC | 0.01% | New | 28,283 | $181K | No quote | No quote |
| 96 | 97382A | WINDSTREAM HLDGS INC | - | Sold | 0 | $0 | No quote | No quote |
| 95 | TAL | TAL INTL GROUP INC | - | Sold | 0 | $0 | No quote | No quote |
| 94 | RSO | RESOURCE CAP CORP | - | Sold | 0 | $0 | No quote | No quote |
| 93 | RWT | REDWOOD TR INC | - | Sold | 0 | $0 | No quote | No quote |
| 92 | PBI | PITNEY BOWES INC | - | Sold | 0 | $0 | No quote | No quote |
| 91 | SNR | NEW SR INVT GROUP INC | - | Sold | 0 | $0 | No quote | No quote |
| 90 | LVLT | LEVEL 3 COMMUNICATIONS INC | - | Sold | 0 | $0 | No quote | No quote |
| 89 | HCLP | HI-CRUSH PARTNERS LP | - | Sold | 0 | $0 | No quote | No quote |
| 88 | BCRH | BLUE CAP REINS HLDGS LTD | - | 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 | HLF | HERBALIFE LTDNOTE 2.000% 8/1 | OTHER | 3,000,000 | $2.65M |
| 2 | - | ALASKA COMMUNICATIONS SYS GRNOTE 6.250% 5/0 | OTHER | 0 | $0 |