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 45 of 121 rows. Rows without a quote are marked unavailable.
| 1 | RH | RH | 6.90% | Reduce -10.7% | 2,352,875 | $151.81M | $64.52 | No quote |
| 2 | VRX | VALEANT PHARMACEUTICALS INTL | 5.51% | Add +22.9% | 7,011,048 | $121.29M | No quote | No quote |
| 3 | AMZN | AMAZON COM INC | 5.35% | Reduce -1.4% | 121,450 | $117.56M | $968.00 | No quote |
| 4 | PAH | PLATFORM SPECIALTY PRODS COR | 4.23% | Reduce -3.0% | 7,334,450 | $93M | No quote | No quote |
| 5 | DAL | DELTA AIR LINES INC DEL | 4.17% | Reduce -1.5% | 1,706,125 | $91.69M | $53.74 | No quote |
| 6 | OMF | ONEMAIN HLDGS INC | 4.15% | Add +0.5% | 3,716,160 | $91.38M | $24.59 | No quote |
| 7 | XON | INTREXON CORP | 4.07% | Add +6.6% | 3,717,000 | $89.54M | No quote | No quote |
| 8 | W | WAYFAIR INC | 4.02% | Reduce -12.7% | 1,150,500 | $88.45M | $76.88 | No quote |
| 9 | AAL | AMERICAN AIRLS GROUP INC | 3.92% | Reduce -2.6% | 1,714,625 | $86.28M | $50.32 | No quote |
| 10 | LEN | LENNAR CORP | 3.74% | Reduce -1.9% | 1,544,000 | $82.33M | $53.32 | No quote |
| 11 | UAL | UNITED CONTL HLDGS INC | 3.67% | Reduce -3.6% | 1,073,480 | $80.78M | $75.25 | No quote |
| 12 | JPMWS | JPMORGAN CHASE & CO | 3.54% | Reduce -1.8% | 1,546,550 | $77.78M | No quote | No quote |
| 13 | MTG | MGIC INVT CORP WIS | 3.43% | Reduce -2.7% | 6,729,650 | $75.37M | $11.20 | No quote |
| 14 | QUOT | QUOTIENT TECHNOLOGY INC | 3.21% | Reduce -0.2% | 6,134,141 | $70.54M | No quote | No quote |
| 15 | PHM | PULTE GROUP INC | 3.15% | Reduce -1.7% | 2,819,775 | $69.17M | $24.53 | No quote |
| 16 | GNW | GENWORTH FINL INC | 3.14% | Reduce -0.3% | 18,309,835 | $69.03M | No quote | No quote |
| 17 | ENDPQ | ENDO INTL PLC | 3.10% | Add +30.0% | 6,110,410 | $68.25M | No quote | No quote |
| 18 | BAC | BANK AMER CORP | 2.83% | Reduce -3.6% | 2,568,009 | $62.3M | $24.26 | No quote |
| 19 | EIGI | ENDURANCE INTL GROUP HLDGS I | 2.83% | Add +1.3% | 7,455,000 | $62.25M | No quote | No quote |
| 20 | ALXN | ALEXION PHARMACEUTICALS INC | 2.49% | Add +25.7% | 450,725 | $54.84M | No quote | No quote |
| 21 | C | CITIGROUP INC | 2.29% | Reduce -2.1% | 753,700 | $50.41M | $66.88 | No quote |
| 22 | P | PANDORA MEDIA INC | 2.16% | Reduce -0.9% | 5,313,975 | $47.4M | No quote | No quote |
| 23 | AGN | ALLERGAN PLC | 1.83% | Reduce -3.3% | 165,125 | $40.14M | No quote | No quote |
| 24 | TCRT | ZIOPHARM ONCOLOGY INC | 1.39% | Add +0.0% | 4,926,456 | $30.64M | No quote | No quote |
| 25 | ATHN | ATHENAHEALTH INC | 1.23% | Add +3.8% | 191,935 | $26.98M | No quote | No quote |
| 26 | GILD | GILEAD SCIENCES INC | 1.19% | Reduce -2.0% | 369,660 | $26.17M | $70.78 | No quote |
| 27 | META | FACEBOOK INC | 1.18% | New | 172,075 | $25.98M | $150.98 | No quote |
| 28 | GME | GAMESTOP CORP NEW | 1.15% | Reduce -7.1% | 1,168,890 | $25.26M | No quote | No quote |
| 29 | STX | SEAGATE TECHNOLOGY PLC | 0.94% | Reduce -12.4% | 532,362 | $20.63M | $38.75 | No quote |
| 30 | GTYHU | GTY TECHNOLOGY HOLDINGS INC | 0.93% | Reduce -0.1% | 1,948,575 | $20.38M | No quote | No quote |
| 31 | SPY | SPDR S&P 500 ETF TR | 0.56% | New | 50,942 | $12.32M | $241.80 | No quote |
| 32 | HALO | HALOZYME THERAPEUTICS INC | 0.55% | New | 949,800 | $12.18M | $12.82 | No quote |
| 33 | FLXN | FLEXION THERAPEUTICS INC | 0.49% | New | 527,800 | $10.67M | No quote | No quote |
| 34 | TBT | PROSHARES TR | 0.41% | Add +42.9% | 250,000 | $8.97M | No quote | No quote |
| 35 | COT | COTT CORP QUE | 0.36% | - | 550,000 | $7.94M | No quote | No quote |
| 36 | APO | APOLLO GLOBAL MGMT LLC | 0.35% | Add +20.0% | 288,000 | $7.62M | $26.45 | No quote |
| 37 | CHGG | CHEGG INC | 0.31% | - | 550,000 | $6.76M | No quote | No quote |
| 38 | CG | CARLYLE GROUP L P | 0.30% | - | 335,000 | $6.62M | $19.75 | No quote |
| 39 | NEWM | NEW MEDIA INVT GROUP INC | 0.27% | Add +55.8% | 439,245 | $5.92M | No quote | No quote |
| 40 | CS | CREDIT SUISSE GROUP | 0.26% | Add +12.1% | 392,389 | $5.73M | No quote | No quote |
| 41 | FCAU | FIAT CHRYSLER AUTOMOBILES N | 0.24% | - | 500,000 | $5.32M | No quote | No quote |
| 42 | CIM | CHIMERA INVT CORP | 0.24% | - | 280,000 | $5.22M | No quote | No quote |
| 43 | RITM | NEW RESIDENTIAL INVT CORP | 0.22% | Add +11.0% | 311,750 | $4.85M | No quote | No quote |
| 44 | CLNS | COLONY NORTHSTAR INC | 0.22% | - | 339,500 | $4.78M | No quote | No quote |
| 45 | FTAI | FORTRESS TRANS INFRST INVS L | 0.21% | Add +0.6% | 294,792 | $4.7M | $15.94 | No quote |
| 46 | SSW | SEASPAN CORP | 0.21% | Add +26.4% | 632,185 | $4.51M | No quote | No quote |
| 47 | CAA | CALATLANTIC GROUP INC | 0.16% | - | 100,000 | $3.54M | No quote | No quote |
| 48 | FSC | FIFTH STREET FINANCE CORP | 0.15% | - | 700,000 | $3.4M | No quote | No quote |
| 49 | STWD | STARWOOD PPTY TR INC | 0.15% | - | 145,200 | $3.25M | $22.39 | No quote |
| 50 | AAIC | ARLINGTON ASSET INVT CORP | 0.13% | - | 210,000 | $2.87M | No quote | No quote |
| 51 | ANF | ABERCROMBIE & FITCH CO | 0.13% | New | 230,665 | $2.87M | $12.44 | No quote |
| 52 | BGCP | BGC PARTNERS INC | 0.13% | - | 226,400 | $2.86M | No quote | No quote |
| 53 | WFCWS | WELLS FARGO CO NEW | 0.13% | Add +13.6% | 125,000 | $2.78M | No quote | No quote |
| 54 | FL | FOOT LOCKER INC | 0.11% | New | 50,000 | $2.46M | No quote | No quote |
| 55 | CODI | COMPASS DIVERSIFIED HOLDINGS | 0.11% | - | 140,000 | $2.44M | No quote | No quote |
| 56 | GHL | GREENHILL & CO INC | 0.11% | New | 120,000 | $2.41M | No quote | No quote |
| 57 | WPG | WASHINGTON PRIME GROUP NEW | 0.11% | New | 280,000 | $2.34M | No quote | No quote |
| 58 | TCAP | TRIANGLE CAP CORP | 0.10% | - | 124,278 | $2.19M | No quote | No quote |
| 59 | MGP | MGM GROWTH PPTYS LLC | 0.10% | - | 75,000 | $2.19M | No quote | No quote |
| 60 | ONDK | ON DECK CAP INC | 0.09% | New | 425,000 | $1.98M | No quote | No quote |
| 61 | MCC | MEDLEY CAP CORP | 0.08% | - | 262,834 | $1.68M | No quote | No quote |
| 62 | JMP | JMP GROUP LLC | 0.08% | Add +2.4% | 307,234 | $1.68M | No quote | No quote |
| 63 | TPVG | TRIPLEPOINT VENTURE GROWTH B | 0.07% | - | 122,711 | $1.63M | No quote | No quote |
| 64 | FTR | FRONTIER COMMUNICATIONS CORP | 0.07% | Add +84.6% | 1,310,414 | $1.52M | No quote | No quote |
| 65 | CBL | CBL & ASSOC PPTYS INC | 0.06% | New | 150,000 | $1.26M | $8.43 | No quote |
| 66 | AB | ALLIANCEBERNSTEIN HOLDING LP | 0.05% | - | 50,000 | $1.18M | No quote | No quote |
| 67 | FTRPR | FRONTIER COMMUNICATIONS CORP | 0.05% | - | 38,000 | $1.1M | No quote | No quote |
| 68 | NCMI | NATIONAL CINEMEDIA INC | 0.04% | New | 130,000 | $965K | $7.42 | No quote |
| 69 | DB | DEUTSCHE BANK AG | 0.04% | New | 53,180 | $946K | $17.79 | No quote |
| 70 | TWTR | TWITTER INC | 0.04% | Reduce -97.2% | 48,500 | $867K | No quote | No quote |
| 71 | TMHC | TAYLOR MORRISON HOME CORP | 0.04% | New | 36,000 | $864K | $24.00 | No quote |
| 72 | UNIT | UNITI GROUP INC | 0.04% | - | 33,940 | $853K | $25.13 | No quote |
| 73 | UPBD | RENT A CTR INC NEW | 0.04% | New | 72,678 | $852K | $11.72 | No quote |
| 74 | AVTA | BLUCORA INC | 0.04% | New | 40,000 | $848K | No quote | No quote |
| 75 | KKR | KKR & CO L P DEL | 0.03% | New | 40,000 | $744K | $18.60 | No quote |
| 76 | AAPL | APPLE INC | 0.03% | Reduce -22.9% | 5,065 | $729K | $143.93 | No quote |
| 77 | ILG | ILG INC | 0.03% | New | 25,000 | $687K | No quote | No quote |
| 78 | MBI | MBIA INC | 0.03% | New | 70,000 | $660K | $9.43 | No quote |
| 79 | BABA | ALIBABA GROUP HLDG LTD | 0.03% | New | 4,500 | $634K | $140.89 | No quote |
| 81 | HHC | HOWARD HUGHES CORP | 0.03% | New | 5,000 | $614K | No quote | No quote |
| 80 | CVNA | CARVANA CO | 0.03% | New | 30,000 | $614K | $20.47 | No quote |
| 82 | WLH | LYON WILLIAM HOMES | 0.03% | New | 25,000 | $603K | No quote | No quote |
| 83 | PNK | PINNACLE ENTMT INC NEW | 0.03% | New | 30,000 | $593K | No quote | No quote |
| 84 | WMC | WESTERN ASSET MTG CAP CORP | 0.03% | New | 55,000 | $566K | No quote | No quote |
| 85 | GOOGL | ALPHABET INC | 0.03% | New | 600 | $558K | $930.00 | No quote |
| 86 | HOUS | REALOGY HLDGS CORP | 0.03% | New | 17,000 | $552K | No quote | No quote |
| 87 | GOOG | ALPHABET INC | 0.02% | New | 601 | $546K | $908.49 | No quote |
| 88 | BACWSA | BANK AMER CORP | 0.02% | New | 40,000 | $482K | No quote | No quote |
| 89 | CCS | CENTURY CMNTYS INC | 0.02% | New | 19,000 | $471K | $24.79 | No quote |
| 90 | CMG | CHIPOTLE MEXICAN GRILL INC | 0.02% | New | 1,060 | $441K | $416.04 | No quote |
| 92 | UPRO | PROSHARES TR | 0.02% | New | 4,000 | $415K | No quote | No quote |
| 91 | LVS | LAS VEGAS SANDS CORP | 0.02% | New | 6,500 | $415K | $63.85 | No quote |
| 93 | CYH | COMMUNITY HEALTH SYS INC NEW | 0.02% | New | 38,255 | $381K | No quote | No quote |
| 94 | ALSK | ALASKA COMMUNICATIONS SYS GR | 0.01% | New | 150,000 | $330K | No quote | No quote |
| 95 | NE | NOBLE CORP PLC | 0.01% | New | 90,210 | $327K | $3.62 | No quote |
| 96 | CELG | CELGENE CORP | 0.01% | New | 2,200 | $286K | No quote | No quote |
| 97 | MT | ARCELORMITTAL SA LUXEMBOURG | 0.01% | New | 11,583 | $263K | $22.71 | No quote |
| 98 | GNC | GNC HLDGS INC | 0.01% | New | 30,995 | $261K | No quote | No quote |
| 99 | AFSI | AMTRUST FINL SVCS INC | 0.01% | New | 15,000 | $227K | No quote | No quote |
| 100 | CLF | CLIFFS NAT RES INC | 0.01% | New | 30,226 | $209K | $6.91 | No quote |
| 101 | RFP | RESOLUTE FST PRODS INC | 0.01% | New | 37,919 | $167K | No quote | No quote |
| 102 | MHLD | MAIDEN HOLDINGS LTD | 0.01% | New | 15,000 | $166K | No quote | No quote |
| 103 | SVU | SUPERVALU INC | 0.01% | New | 47,332 | $156K | No quote | No quote |
| 104 | OBE | OBSIDIAN ENERGY LTD | 0.01% | New | 118,243 | $150K | No quote | No quote |
| 105 | NBR | NABORS INDUSTRIES LTD | 0.01% | New | 16,955 | $138K | $8.14 | No quote |
| 106 | SPLS | STAPLES INC | 0.01% | New | 11,781 | $119K | No quote | No quote |
| 107 | RT | RUBY TUESDAY INC | 0.01% | New | 58,040 | $117K | No quote | No quote |
| 108 | SND | SMART SAND INC | 0.00% | New | 10,000 | $89K | $8.90 | No quote |
| 109 | AVP | AVON PRODS INC | 0.00% | New | 18,541 | $70K | No quote | No quote |
| 114 | PFSI | PENNYMAC FINL SVCS INC | - | Sold | 0 | $0 | No quote | No quote |
| 113 | NSM | NATIONSTAR MTG HLDGS INC | - | Sold | 0 | $0 | No quote | No quote |
| 112 | MVC | MVC CAPITAL INC | - | Sold | 0 | $0 | No quote | No quote |
| 111 | GEO | GEO GROUP INC NEW | - | Sold | 0 | $0 | No quote | No quote |
| 110 | DWT | CITIGROUP GLOBAL MKTS HLDGS | - | 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 -30.2% | 1,474,600 | $212.37M |
| 2 | VRX | VALEANT PHARMACEUTICALS INTLCOM | CALL | Add +15.3% | 1,730,000 | $29.93M |
| 3 | ENDPQ | ENDO INTL PLCSHS | CALL | Add +7.3% | 1,100,000 | $12.29M |
| 4 | GNW | GENWORTH FINL INCCOM CL A | CALL | Add +6.4% | 2,489,000 | $9.38M |
| 5 | MU | MICRON TECHNOLOGY INCCOM | CALL | New | 25,000 | $747K |
| 6 | FTR | FRONTIER COMMUNICATIONS CORPCOM | CALL | New | 480,000 | $557K |
Other instruments
Bonds, warrants, or non-share principal positions reported alongside the equity portfolio.
| 1 | - | WALTER INVT MGMT CORPNOTE 4.500%11/0 | OTHER | 3,000,000 | $1.04M |