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Bill Miller opened a new position in SPUU, now 5.81% of the portfolio.

New holding of 114,078 shares worth $24.6M.
Published · Based on SEC filings

Medium impact
New position
2026 Q2

Direxion Daily S&P 500 Bull 2X Shares (SPUU) is a new holding of Bill Miller's Miller Value Partners as of June 30, 2026, according to the 13F-HR filed with the SEC on August 14, 2026: 114K shares worth about $24.6M, 5.81% of the portfolio. The position did not appear in the prior quarter. SPUU enters the book as the 3rd largest of 56 stock positions.

What did the 2026 Q2 filing report for SPUU?

As of June 30, 2026, from the 13F-HR filed August 14, 2026.

Value
Shares 114K
Reported value $24.6M
Portfolio weight 5.81%
Rank in portfolio 3rd of 56

How big is the new SPUU position?

Bill Miller opened 4 stock positions in 2026 Q2; SPUU is the largest of them by weight. An average stock position in the Bill Miller portfolio is 2% of the reported value, so the new name comes in above the fund's typical size.

Where does SPUU sit in the Bill Miller portfolio?

SPUU ranks 3rd of 56 stock positions in the Bill Miller portfolio at 5.81%, above the fund's average stock position of 2%. The SPUU purchase was the largest of the quarter's 49 position changes by percent change to portfolio. The largest stock position is NBR at 8.85%. Next come GTN at 6.8% and SPUU at 5.81%. The three largest stocks together are 21.46% of the book. Across the 2026 Q2 portfolio, Bill Miller reported 56 stock positions, with 4 opened and 3 closed. The total portfolio value is about $423.1M, up 10% from the prior quarter.

Bill Miller buys and sells, 2026 Q2

Has Bill Miller held SPUU before?

Bill Miller has not reported SPUU before in the filings we track. Our data starts with the quarter ended June 30, 2013.

FAQ

How many SPUU shares does Bill Miller hold?

Bill Miller holds 114K shares of SPUU as of June 30, 2026, worth about $24.6M.

What is SPUU's weight in the Bill Miller portfolio?

SPUU is 5.81% of the Bill Miller portfolio and ranks 3rd of 56 stocks by weight.

Has Bill Miller owned SPUU before?

No. Bill Miller has not reported SPUU before in the filings we track, which start with the quarter ended June 30, 2013.

Source: based on original SEC filings

Figures are from the fund's 13F, which lists long US-listed positions at quarter-end prices. Cash, short positions and most non-US holdings are not reported.
Stocks mentioned
Amelia Ingram
Amelia Ingram
Valuesider analyst