MILLER VALUE PARTNERS, LLCMILLER VALUE PARTNERS, LLC

Institutional investor · Portfolio as of Q1 2026

SEC EDGAR SourceSEC Filings

Top Holdings55 positions

Activity:
Stock
Shares
Value
Weight
Avg Buy
Est. P&L
Held
Conviction

NABORS INDUSTRIES LTD

444,430$38.2M10.0%$45.99+78.50%
30 qtrssince 2018-Q4
Decreased
0

CRESCENT ENERGY COMPANY

2M$27M7.1%$11.24-15.75%
1 qtr
New
89

GRAY MEDIA INC

5.4M$23.3M6.1%$4.33-12.63%
12 qtrssince 2023-Q2
Increased
72

LINCOLN NATL CORP IND

570,690$20.3M5.3%$30.02+32.36%
9 qtrssince 2024-Q1
Increased
62
SPYSPY
Unit

State Street Spdr S&p 500 Etf Trust TR UNIT

30,044$19.5M5.1%$680.33+10.97%
1 qtr
New
88

QUAD / GRAPHICS INC

2.7M$17.5M4.6%$4.73+75.84%
29 qtrssince 2019-Q1
Decreased
0

BREAD FINANCIAL HOLDINGS INC

193,697$14.5M3.8%$37.93+154.41%
12 qtrssince 2023-Q2
Decreased
0

USA TODAY CO INC

2M$13.9M3.6%$3.83+122.25%
23 qtrssince 2020-Q3
Decreased
0

CONDUENT INC

10M$12.8M3.3%$2.27-32.89%
21 qtrssince 2021-Q1
Increased
78

UNITED PARCEL SVCS INC

119,108$11.7M3.1%$91.29+23.19%
3 qtrssince 2025-Q3
Increased
67

BLOOMIN BRANDS INC

2M$11M2.9%$6.35+31.34%
1 qtr
New
72

FOSSIL GROUP INC

2.4M$10.5M2.7%$1.61+157.14%
11 qtrssince 2023-Q3
Decreased
0
CTOCTO
REIT

CTO RLTY GROWTH INC NEW

556,053$10.3M2.7%$15.57+36.75%
18 qtrssince 2021-Q4
Increased
59

ITURAN LOCATION AND CONTROL

203,900$10M2.6%$34.83+60.78%
3 qtrssince 2025-Q3
Decreased
0

VIATRIS INC

731,676$9.9M2.6%$11.97+35.92%
21 qtrssince 2021-Q1
Increased
56

CHORD ENERGY CORPORATION

69,330$9.9M2.6%$143.03-17.93%
9 qtrssince 2024-Q1
Increased
56

JACKSON FINANCIAL INC

80,680$8.5M2.2%$36.73+217.91%
18 qtrssince 2021-Q4
Decreased
0

VERIZON COMMUNICATIONS INC

168,000$8.4M2.2%$42.05+0.17%
5 qtrssince 2025-Q1
Decreased
0
AXLAXLDelisted

DAUCH CORP

1.4M$8.3M2.2%$5.22+16.77%
17 qtrssince 2022-Q1
Decreased
0

JELD-WEN HLDG INC

6.6M$8.2M2.1%$3.00-59.68%
5 qtrssince 2025-Q1
Increased
68
Showing 20 of 55 results.35 more with Pro.PROUpgrade to see all →
$383.2M
AUM
55
Positions
Q1 2026
Filing
Rating · 2.5
Quarterly Portfolio Change
+32%Q4'24$234.2M-6%Q1'25$219.4M+7%Q2'25$235.7M+15%Q3'25$272.2M+4%Q4'25$283.8M+35%Q1'26$383.2M
Activity profile
$ moved · Q1'26
New60%Increased20%Decreased16%Exited3%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 2.7 years
<1Q24%1-4Q9%1-2Y7%2Y+60%

MILLER VALUE PARTNERS, LLC manages $383.2M across 55 positions as of Q1 2026. Top holdings: NBR (10.0%), CRGY (7.1%), GTN (6.1%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 2.5/5.0.

Q1 2026 Summary

Active quarter - 22 new positions, 1 exits, 13 increased. Top move: CRGY (NEW, conviction 89). Portfolio: $383M across 55 positions.

Top holdings by portfolio weight

Total AUM$383M
NBR9.98%
CRGY7.06%
GTN6.08%
LNC5.29%
SPY5.10%
QUAD4.57%
BFH3.79%
TDAY3.62%
CNDT3.35%
UPS3.06%
Other2.87%

Portfolio allocation by GICS sector

Sectors11
Energy21.01%
Financial Services14.99%
Consumer Cyclical13.24%
Communication Services12.94%
Industrials10.85%
Technology8.56%
Real Estate5.22%
Unknown5.10%
Healthcare3.68%
Consumer Defensive1.73%
Other2.68%

Behavioral investing profile

7-dimension quality assessment
Solid(2.5 / 5.0)
Track Record68
Conviction42
Concentration78
Upgrade to see all dimensions

Position Outcomes

Best and worst performing positions by estimated return

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Accumulation Streaks

Positions with 2+ consecutive quarters of increases - persistent directional conviction.

Security
7Q
CNDTCONDUENT INC
Q3 2024 Q1 2026+9.3M shares+$10.4M
4Q
CTOCTO RLTY GROWTH INC NEW
Q2 2025 Q1 2026+172,153 shares+$2.9M
4Q
JELDJELD-WEN HLDG INC
Q2 2025 Q1 2026+5.8M shares+$3.6M

Upgrade to Pro to see all accumulation streaks

Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer

Analytics tracking helps us improve the product. Essential functions stay on either way. How analytics data is used