Bill Miller
Miller Value Partners
Miller Value Partners Portfolio 13F
Bill Miller Holdings Activity
- Portfolio value:
- $272.16M≈ (+$37M≈)
- Previous value:
- $235.66M≈
- # of changes:
- 27
- New positions:
- 4
- Reported for:
- 30 Sep 2025 (Q3)
- Latest filing date:
- 14 Nov 2025
Miller Value Partners has disclosed a total of 27 changes to the portfolio in the (2025 Q3) SEC report(s): increased the number of shares of 6, bought 4 totally new, decreased the number of shares of 16 and completely sold out 1 position(s).
What stocks did Bill Miller buy in 2025 Q3?
During 2025 Q3 Bill Miller has bought 10 securities out of which top 5 purchases (by % change to portfolio) were (NBR) NABORS INDUSTRIES LTD (added shares +7.85%), (TDAY) USA TODAY Co, Inc (added shares +3.62%), (CNDT) Conduent Inc (added shares +46.30%), (DCH) DAUCH CORP (added shares +19.25%) and (JELD) Jeld-Wen Holding Inc (added shares +10.37%).
In the 2025 Q3 report(s) the following changes have been made to the top investments: (NBR) NABORS INDUSTRIES LTD (added shares +7.85%), (LNC) Lincoln National Corp (reduced shares -8.57%), (GTN) Gray Television Inc (reduced shares -2.46%), (QUAD) Quad Graphics Inc (reduced shares -3.21%) and (BFH) Bread Financial Holdings, Inc (reduced shares -17.53%).
27 results
| History | Ticker | Name |
% or activity |
Shares change |
Shares held after* |
% change to portfolio |
Reported price* |
% difference current price* |
% of portfolio |
Held since* | Held for* |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
ITURAN LOCATION AND CONTROL
|
new
|
+215,000
|
215,000
|
+2.82%
|
$35.72
|
+55.26%($55.46)
|
2.82%
|
2025 Q3
|
≈ 0.25 years
|
|
|
|
United Parcel Service Inc
|
new
|
+86,600
|
86,600
|
+2.66%
|
$83.53
|
+24.55%($104.04)
|
2.66%
|
2025 Q3
|
≈ 0.25 years
|
|
|
|
Upbound Group Inc
|
new
|
+20,000
|
20,000
|
+0.17%
|
$23.63
|
-18.71%($19.21)
|
0.17%
|
2025 Q3
|
≈ 0.25 years
|
|
|
|
Cal-Maine Foods Inc
|
new
|
+62,000
|
62,000
|
+2.14%
|
$94.10
|
-7.09%($87.43)
|
2.14%
|
2025 Q3
|
≈ 0.25 years
|
|
|
|
Conduent Inc
|
+46.30%
|
+1,275,600
|
4,030,825
|
+1.31%
|
$2.80
|
-44.11%($1.56)
|
4.15%
|
2021 Q1
|
≈ 4.75 years
|
|
|
|
DAUCH CORP
|
+19.25%
|
+277,175
|
1,717,095
|
+0.61%
|
$6.01
|
-5.99%($5.65)
|
3.79%
|
2022 Q1
|
≈ 3.75 years
|
|
|
|
Jeld-Wen Holding Inc
|
+10.37%
|
+194,420
|
2,068,840
|
+0.35%
|
$4.91
|
-71.59%($1.40)
|
3.73%
|
2025 Q1
|
≈ 0.75 years
|
|
|
|
NABORS INDUSTRIES LTD
|
+7.85%
|
+48,995
|
673,095
|
+0.74%
|
$40.87
|
+108.59%($85.25)
|
10.11%
|
2017 Q2
|
≈ 8.50 years
|
|
|
|
CTO Realty Growth Inc
|
+7.52%
|
+30,000
|
429,145
|
+0.18%
|
$16.30
|
+33.34%($21.74)
|
2.57%
|
2021 Q4
|
≈ 4.00 years
|
|
|
|
USA TODAY Co, Inc
|
+3.62%
|
+118,755
|
3,403,265
|
+0.18%
|
$4.13
|
+108.84%($8.62)
|
5.16%
|
2020 Q3
|
≈ 5.25 years
|
|
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
* Current price: this can be a delayed price and may not reflect the real-time market value, however it is too close.
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* Held since / Held for: calculated since the latest "new buy" position. If the security was previously exited and re-entered, only the most recent holding period is counted.