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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 25 of 71 rows. Rows without a quote are marked unavailable.

1AAPLAPPLE INC16.70%Add +91.0%3,903,280$373.15M$95.60No quote
2AMZNAMAZON COM INC11.88%Reduce -37.3%371,015$265.51M$715.62No quote
3TWTRTWITTER INC4.15%Reduce -8.5%5,478,699$92.65MNo quoteNo quote
4QUOTQUOTIENT TECHNOLOGY INC3.86%Reduce -4.0%6,439,425$86.35MNo quoteNo quote
5LENLENNAR CORP3.46%Reduce -12.4%1,678,850$77.4M$46.10No quote
6PHMPULTE GROUP INC3.46%Reduce -13.9%3,962,225$77.22M$19.49No quote
7XONINTREXON CORP3.38%Reduce -8.2%3,071,975$75.6MNo quoteNo quote
8DALDELTA AIR LINES INC DEL3.28%Reduce -14.8%2,014,150$73.38M$36.43No quote
9PPANDORA MEDIA INC3.09%Reduce -8.8%5,543,075$69.01MNo quoteNo quote
10OMFONEMAIN HLDGS INC2.89%Add +7.5%2,834,475$64.68M$22.82No quote
11PAHPLATFORM SPECIALTY PRODS COR2.88%Reduce -9.3%7,258,875$64.46MNo quoteNo quote
12NXPINXP SEMICONDUCTORS N V2.83%Reduce -13.2%806,750$63.2M$78.34No quote
13AALAMERICAN AIRLS GROUP INC2.55%Reduce -14.8%2,014,325$57.03M$28.31No quote
14UALUNITED CONTL HLDGS INC2.47%Reduce -18.2%1,343,700$55.15M$41.04No quote
15BACBANK AMER CORP2.32%Reduce -8.2%3,901,775$51.78M$13.27No quote
16EIGIENDURANCE INTL GROUP HLDGS I2.24%Reduce -2.9%5,559,100$49.98MNo quoteNo quote
17MTGMGIC INVT CORP WIS2.16%Reduce -8.5%8,106,350$48.23M$5.95No quote
18JPMWSJPMORGAN CHASE & CO2.12%Reduce -8.3%2,340,475$47.4MNo quoteNo quote
19CCITIGROUP INC1.91%Reduce -8.4%1,005,600$42.63M$42.39No quote
20VRXVALEANT PHARMACEUTICALS INTL1.81%Add +26.9%2,006,300$40.41MNo quoteNo quote
21GNWGENWORTH FINL INC1.80%Reduce -1.9%15,630,550$40.33MNo quoteNo quote
22GILDGILEAD SCIENCES INC1.79%Reduce -8.2%480,550$40.09M$83.42No quote
23FCAUFIAT CHRYSLER AUTOMOBILES N1.48%Reduce -11.2%5,419,725$33.17MNo quoteNo quote
24TMHCTAYLOR MORRISON HOME CORP1.48%Reduce -8.5%2,226,525$33.04M$14.84No quote
25GMEGAMESTOP CORP NEW1.38%Reduce -20.0%1,160,125$30.84MNo quoteNo quote
26TCRTZIOPHARM ONCOLOGY INC1.23%Reduce -8.5%5,005,921$27.48MNo quoteNo quote
27ENDPQENDO INTL PLC1.22%New1,745,475$27.21MNo quoteNo quote
28NSMNATIONSTAR MTG HLDGS INC1.21%Reduce -9.7%2,400,350$27.03MNo quoteNo quote
29TPHTRI POINTE GROUP INC1.07%Reduce -8.8%2,027,650$23.97M$11.82No quote
30JDJD COM INC1.07%Reduce -23.0%1,125,000$23.88M$21.23No quote
31CICIGNA CORPORATION1.04%Reduce -40.1%181,120$23.18M$127.99No quote
32STXSEAGATE TECHNOLOGY PLC0.89%Reduce -5.3%812,075$19.78M$24.36No quote
33PFSIPENNYMAC FINL SVCS INC0.81%Reduce -8.7%1,457,550$18.21MNo quoteNo quote
34RDNRADIAN GROUP INC0.74%Reduce -9.0%1,585,975$16.53M$10.42No quote
35BABAALIBABA GROUP HLDG LTD0.71%Reduce -59.5%198,825$15.81M$79.53No quote
36NEWMNEW MEDIA INVT GROUP INC0.18%-225,000$4.07MNo quoteNo quote
37VERVEREIT INC0.17%Reduce -20.6%385,000$3.9MNo quoteNo quote
38TCAPTRIANGLE CAP CORP0.16%Add +4.2%184,278$3.57MNo quoteNo quote
39CIMCHIMERA INVT CORP0.15%Add +16.7%210,000$3.3MNo quoteNo quote
40STWDSTARWOOD PPTY TR INC0.13%-145,200$3.01M$20.72No quote
41FTAIFORTRESS TRANS INFRST INVS L0.13%Add +11.8%313,000$2.88M$9.19No quote
42RITMNEW RESIDENTIAL INVT CORP0.13%Add +19.6%207,750$2.88MNo quoteNo quote
43NRFNORTHSTAR RLTY FIN CORP0.13%Add +17.8%251,450$2.87MNo quoteNo quote
44FTRPRFRONTIER COMMUNICATIONS CORP0.12%-28,000$2.66MNo quoteNo quote
45CPTACAPITALA FIN CORP0.11%Add +16.1%173,500$2.43MNo quoteNo quote
46AGNCAMERICAN CAPITAL AGENCY CORP0.10%Reduce -7.2%116,000$2.3MNo quoteNo quote
47PMTPENNYMAC MTG INVT TR0.10%-140,000$2.27MNo quoteNo quote
48FIGFORTRESS INVESTMENT GROUP LL0.10%-500,000$2.21M$4.42No quote
49APOAPOLLO GLOBAL MGMT LLC0.09%-135,000$2.05M$15.15No quote
50MGPMGM GROWTH PPTYS LLC0.09%New75,000$2MNo quoteNo quote
51BGCPBGC PARTNERS INC0.09%-226,400$1.97MNo quoteNo quote
52CYSCYS INVTS INC0.09%Reduce -8.0%230,000$1.93MNo quoteNo quote
53OCIPOCI PARTNERS LP0.08%-242,000$1.83MNo quoteNo quote
54AAICARLINGTON ASSET INVT CORP0.08%New130,000$1.69MNo quoteNo quote
55JMPJMP GROUP LLC0.07%-300,000$1.63MNo quoteNo quote
56FTRFRONTIER COMMUNICATIONS CORP0.07%-325,000$1.61MNo quoteNo quote
57CODICOMPASS DIVERSIFIED HOLDINGS0.07%-90,000$1.49MNo quoteNo quote
58TPVGTRIPLEPOINT VENTURE GROWTH B0.06%Add +7.4%122,711$1.3MNo quoteNo quote
59MVCMVC CAPITAL INC0.05%-142,600$1.15MNo quoteNo quote
60CGCARLYLE GROUP L P0.05%-70,000$1.14M$16.23No quote
61CSALCOMMUNICATIONS SALES&LEAS IN0.04%-33,940$981KNo quoteNo quote
70KBHKB HOME-Sold0$0No quoteNo quote
69IRDMBIRIDIUM COMMUNICATIONS INC-Sold0$0No quoteNo quote
68HTSHATTERAS FINL CORP-Sold0$0No quoteNo quote
67GRPNGROUPON INC-Sold0$0No quoteNo quote
66GMGENERAL MTRS CO-Sold0$0No quoteNo quote
65FSCFIFTH STREET FINANCE CORP-Sold0$0No quoteNo quote
64CMOCAPSTEAD MTG CORP-Sold0$0No quoteNo quote
63CLMTCALUMET SPECIALTY PRODS PTNR-Sold0$0No quoteNo quote
62MTGEAMERICAN CAP MTG INVT CORP-Sold0$0No quoteNo quote

Other instruments

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

1-BLUCORA INCNOTE 4.250% 4/0OTHER2,000,000$1.85M