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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 40 of 124 rows. Rows without a quote are marked unavailable.

1GNWGENWORTH FINL INC4.10%Add +0.2%5,770,150$102.31MNo quoteNo quote
2DALDELTA AIR LINES INC DEL3.78%Add +0.5%2,717,625$94.17M$34.65No quote
3AALAMERICAN AIRLS GROUP INC3.64%Add +0.5%2,481,250$90.81M$36.60No quote
4NRFNORTHSTAR RLTY FIN CORP3.44%Reduce -1.0%5,319,575$85.86MNo quoteNo quote
5QCOMQUALCOMM INC3.36%New1,061,715$83.73M$78.86No quote
6UALUNITED CONTL HLDGS INC3.06%Add +0.2%1,708,775$76.26M$44.63No quote
7MTGMGIC INVT CORP WIS3.03%Add +0.5%8,860,750$75.49M$8.52No quote
8BACBANK OF AMERICA CORPORATION2.76%Add +0.1%4,004,525$68.88M$17.20No quote
9PHMPULTE GROUP INC2.47%Add +2.9%3,207,100$61.55M$19.19No quote
10PPANDORA MEDIA INC2.44%Add +0.4%2,008,725$60.91MNo quoteNo quote
11STXSEAGATE TECHNOLOGY PLC2.42%Add +0.1%1,076,150$60.44M$56.16No quote
12EBAYEBAY INC2.36%Add +0.3%1,063,500$58.75M$55.24No quote
13NCTNEWCASTLE INVT CORP2.16%Reduce -0.2%11,465,775$53.89MNo quoteNo quote
14AGOASSURED GUARANTY LTD2.10%Add +0.2%2,063,250$52.24M$25.32No quote
15HIGHARTFORD FINL SVCS GROUP INC2.08%Add +0.1%1,472,275$51.93M$35.27No quote
16NFLXNETFLIX INC2.08%Reduce -16.6%147,155$51.8M$352.03No quote
17CCITIGROUP INC2.03%Add +16.3%1,060,575$50.48M$47.60No quote
18BYDBOYD GAMING CORP2.00%Add +0.4%3,781,175$49.91M$13.20No quote
19GMEGAMESTOP CORP NEW2.00%New1,210,800$49.76MNo quoteNo quote
20JPMWSJPMORGAN CHASE & CO2.00%Add +0.1%2,462,950$49.75MNo quoteNo quote
21CHKCHESAPEAKE ENERGY CORP1.91%Add +43.7%1,862,575$47.72MNo quoteNo quote
22ETFCE TRADE FINANCIAL CORP1.87%Add +0.1%2,028,600$46.7MNo quoteNo quote
23QCORQUESTCOR PHARMACEUTICALS INC1.76%Reduce -0.1%676,625$43.93MNo quoteNo quote
24XONINTREXON CORP1.74%Add +40.8%1,651,125$43.41MNo quoteNo quote
25LENLENNAR CORP1.73%Add +0.4%1,087,050$43.07M$39.62No quote
26AAPLAPPLE INC1.71%Reduce -88.0%79,260$42.54M$536.75No quote
27TMHCTAYLOR MORRISON HOME CORP1.66%Add +50.8%1,765,835$41.5M$23.50No quote
28GRPNGROUPON INC1.66%Add +0.7%5,284,100$41.43MNo quoteNo quote
29EFCELLINGTON FINANCIAL LLC1.61%Add +6.9%1,686,972$40.18MNo quoteNo quote
30AMZNAMAZON COM INC1.59%Add +0.4%118,165$39.75M$336.37No quote
31CICIGNA CORPORATION1.58%Add +0.1%471,200$39.45M$83.73No quote
32GMGENERAL MTRS CO1.54%Add +46.8%1,112,641$38.3M$34.42No quote
33KBHKB HOME1.38%Add +3.9%2,019,250$34.31MNo quoteNo quote
34NSMNATIONSTAR MTG HLDGS INC1.31%New1,004,350$32.6MNo quoteNo quote
35LVLTLEVEL 3 COMMUNICATIONS INC1.29%Reduce -0.1%819,050$32.06MNo quoteNo quote
36BBYBEST BUY INC1.25%Add +0.1%1,177,850$31.11M$26.41No quote
37NXPINXP SEMICONDUCTORS N V1.23%Reduce -0.5%521,750$30.69M$58.81No quote
38MSFTMICROSOFT CORP1.21%Reduce -0.0%736,475$30.19M$40.99No quote
39ARCCARES CAP CORP1.21%Add +7.4%1,712,700$30.18MNo quoteNo quote
40APOLAPOLLO ED GROUP INC1.17%Reduce -0.0%855,075$29.28MNo quoteNo quote
41ZUZULILY INC1.11%Reduce -0.2%551,600$27.69MNo quoteNo quote
42FFORD MTR CO DEL1.07%Reduce -0.2%1,717,435$26.79M$15.60No quote
43OLEDUNIVERSAL DISPLAY CORP1.07%Reduce -0.0%836,675$26.7MNo quoteNo quote
44PFSIPENNYMAC FINL SVCS INC1.03%Add +62.7%1,537,475$25.58MNo quoteNo quote
45IACIAC INTERACTIVECORP1.02%Add +0.1%354,475$25.31M$71.39No quote
46RDNRADIAN GROUP INC1.01%Add +0.2%1,670,175$25.1M$15.03No quote
47OCIPOCI PARTNERS LP0.99%Add +1.0%1,150,775$24.67MNo quoteNo quote
48TERTERADYNE INC0.94%Reduce -0.3%1,179,550$23.46M$19.89No quote
49MSMORGAN STANLEY0.88%Reduce -0.1%707,225$22.05M$31.17No quote
50SVUSUPERVALU INC0.81%New2,952,075$20.19MNo quoteNo quote
51MMMILLENNIAL MEDIA INC0.75%New2,718,000$18.81MNo quoteNo quote
52MRVLMARVELL TECHNOLOGY GROUP LTD0.71%Reduce -0.2%1,120,275$17.65M$15.75No quote
53LEAFSPRINGLEAF HLDGS INC0.63%Add +9.9%628,300$15.8MNo quoteNo quote
54NEWMNEW MEDIA INVT GROUP INC0.57%New950,875$14.28MNo quoteNo quote
55COUPCOUPONS COM INC0.53%New532,400$13.12MNo quoteNo quote
56AINVAPOLLO INVT CORP0.41%Add +5.1%1,239,200$10.3MNo quoteNo quote
57ESNTESSENT GROUP LTD0.41%Reduce -0.1%453,425$10.18MNo quoteNo quote
58NIHDNII HLDGS INC0.37%Add +0.5%7,837,875$9.33MNo quoteNo quote
59DNDNDENDREON CORP0.29%-2,434,000$7.28MNo quoteNo quote
60CSCOCISCO SYS INC0.25%New275,100$6.17M$22.42No quote
61IBMINTERNATIONAL BUSINESS MACHS0.18%New23,700$4.56M$192.53No quote
62EARNELLINGTON RESIDENTIAL MTG RE0.05%Add +6.7%80,000$1.35MNo quoteNo quote
63MTGEAMERICAN CAP MTG INVT CORP0.05%Reduce -83.2%60,000$1.13MNo quoteNo quote
64CIMCHIMERA INVT CORP0.04%-343,360$1.05MNo quoteNo quote
65OZMOCH ZIFF CAP MGMT GROUP0.04%Reduce -0.1%75,000$1.03MNo quoteNo quote
6697382AWINDSTREAM HLDGS INC0.04%-122,000$1.01MNo quoteNo quote
67RNORHINO RESOURCE PARTNERS LP0.04%New73,000$998KNo quoteNo quote
68APOAPOLLO GLOBAL MGMT LLC0.04%-31,000$986K$31.81No quote
69TPVGTRIPLEPOINT VENTR GRW BDC CO0.04%New60,000$975KNo quoteNo quote
70DINDINEEQUITY INC0.04%New12,000$937K$78.08No quote
71KKRKKR & CO L P DEL0.04%-40,900$935K$22.86No quote
72QIWIQIWI PLC0.04%New26,000$901KNo quoteNo quote
73CYSCYS INVTS INC0.04%-107,000$884KNo quoteNo quote
74TALTAL INTL GROUP INC0.04%New20,500$879K$42.88No quote
75HLFHERBALIFE LTD0.04%Add +70.0%15,300$877K$57.32No quote
76PMTPENNYMAC MTG INVT TR0.03%New35,000$837KNo quoteNo quote
77MVCMVC CAPITAL INC0.03%-58,000$786KNo quoteNo quote
78CODICOMPASS DIVERSIFIED HOLDINGS0.03%Reduce -17.3%40,543$767KNo quoteNo quote
79OAKOAKTREE CAP GROUP LLC0.03%-13,000$757KNo quoteNo quote
80VRVALIDUS HOLDINGS LTD0.03%-20,000$755KNo quoteNo quote
81RSORESOURCE CAP CORP0.03%-129,100$720KNo quoteNo quote
82RWTREDWOOD TR INC0.03%-35,000$710KNo quoteNo quote
83RRDDONNELLEY R R & SONS CO0.03%Add +1.3%38,000$681KNo quoteNo quote
84BGCPBGC PARTNERS INC0.03%-100,000$654KNo quoteNo quote
85HFCHOLLYFRONTIER CORP0.03%-13,500$643KNo quoteNo quote
86BANXSTONECASTLE FINL CORP0.02%-24,000$590KNo quoteNo quote
87QUADQUAD / GRAPHICS INC0.02%-25,000$587K$23.48No quote
88PBIPITNEY BOWES INC0.02%-22,500$585K$26.00No quote
89LNCOLINNCO LLC0.02%-21,000$569KNo quoteNo quote
90NRZNEW RESIDENTIAL INVT CORP0.02%-75,000$486KNo quoteNo quote
91FTRFRONTIER COMMUNICATIONS CORP0.02%-85,000$485KNo quoteNo quote
92ETPENERGY TRANSFER PRTNRS L P0.02%-8,800$474KNo quoteNo quote
93STWDSTARWOOD PPTY TR INC0.02%-20,000$472K$23.60No quote
94NCMINATIONAL CINEMEDIA INC0.02%-31,000$465K$15.00No quote
95BWPBOARDWALK PIPELINE PARTNERS0.02%New34,000$456KNo quoteNo quote
96CMOCAPSTEAD MTG CORP0.02%-35,000$444KNo quoteNo quote
97CLCTCOLLECTORS UNIVERSE INC0.02%Reduce -41.7%22,753$429KNo quoteNo quote
98FSCFIFTH STREET FINANCE CORP0.02%New43,000$407KNo quoteNo quote
99SANBANCO SANTANDER SA0.02%-41,100$394KNo quoteNo quote
100MCCMEDLEY CAP CORP0.02%Reduce -41.5%28,200$384KNo quoteNo quote
101HTSHATTERAS FINL CORP0.02%Reduce -94.4%20,000$377KNo quoteNo quote
102BCRHBLUE CAP REINS HLDGS LTD0.01%-21,500$374KNo quoteNo quote
103ARRARMOUR RESIDENTIAL REIT INC0.01%-75,000$309KNo quoteNo quote
104NLYANNALY CAP MGMT INC0.01%-24,743$272KNo quoteNo quote
105WMCWESTERN ASSET MTG CAP CORP0.01%Add +9.7%15,358$241KNo quoteNo quote
106AGNCAMERICAN CAPITAL AGENCY CORP0.01%Reduce -97.9%9,400$203KNo quoteNo quote
107SWAYSTARWOOD WAYPOINT RESIDENTL0.00%New4,000$116KNo quoteNo quote
108ARIAPOLLO COML REAL EST FIN INC0.00%-6,600$110KNo quoteNo quote
122TCRDTHL CR INC-Sold0$0No quoteNo quote
121SSPRINT CORP-Sold0$0No quoteNo quote
120RBSPRTROYAL BK SCOTLAND GROUP PLCPREF-Sold0$0No quoteNo quote
119PDLIPDL BIOPHARMA INC-Sold0$0No quoteNo quote
118MCGCMCG CAPITAL CORP-Sold0$0No quoteNo quote
117MCDMCDONALDS CORP-Sold0$0No quoteNo quote
116IVRINVESCO MORTGAGE CAPITAL INC-Sold0$0No quoteNo quote
115GBDCGOLUB CAP BDC INC-Sold0$0No quoteNo quote
114KODKWSAEASTMAN KODAK CO-Sold0$0No quoteNo quote
113KODKWSEASTMAN KODAK CO-Sold0$0No quoteNo quote
112DPSDR PEPPER SNAPPLE GROUP INC-Sold0$0No quoteNo quote
111CHKRCHESAPEAKE GRANITE WASH TR-Sold0$0No quoteNo quote
110EATBRINKER INTL INC-Sold0$0No quoteNo quote
109BLKBLACKROCK INC-Sold0$0No quoteNo quote

Other instruments

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

1-DOLLAR FINL CORPNOTE 3.000% 4/0OTHER700,000$655K
2-TOWER GROUP INCNOTE 5.000% 9/1OTHER120,000$115K