Bill Miller
ValueMiller Value Partners
Legendary value investor who beat the S&P 500 for 15 consecutive years.
Portfolio Value
$283.8M
Holdings
34
Top 10 Concentration
59.2%
Latest Period
Q4 2025
Portfolio Holdings
As reported on February 17, 2026 · vs Q3 2025
| # | Security | Value | Shares | % Portfolio | Change |
|---|---|---|---|---|---|
| 1 | NABORS INDUSTRIES LTD CUSIP: G6359F137 | $32.7M | 602,737 | 11.5% | -10.5% |
| 2 | LINCOLN NATL CORP IND CUSIP: 534187109 | $22.5M | 504,761 | 7.9% | -3.1% |
| 3 | GRAY MEDIA INC CUSIP: 389375106 | $19.3M | 3,988,495 | 6.8% | +12.1% |
| 4 | USA TODAY CO INC CUSIP: 36472T109 | $17.5M | 3,403,345 | 6.2% | +0.0% |
| 5 | QUAD / GRAPHICS INC CUSIP: 747301109 | $17.2M | 2,737,890 | 6.0% | +4.4% |
| 6 | BREAD FINANCIAL HOLDINGS INC CUSIP: 018581108 | $14.9M | 201,415 | 5.3% | -25.4% |
| 7 | FOSSIL GROUP INC CUSIP: 34988V106 | $12.0M | 3,184,415 | 4.2% | -4.3% |
| 8 | AMERICAN AXLE & MFG HLDGS IN CUSIP: 024061103 | $11.1M | 1,734,780 | 3.9% | +1.0% |
| 9 | CONDUENT INC CUSIP: 206787103 | $10.7M | 5,583,385 | 3.8% | +38.5% |
| 10 | JELD-WEN HLDG INC CUSIP: 47580P103 | $10.2M | 4,134,210 | 3.6% | +99.8% |
| 11 | UGI CORP NEW CUSIP: 902681105 | $9.8M | 262,000 | 3.5% | 0.0% |
| 12 | ITURAN LOCATION AND CONTROL CUSIP: M6158M104 | $9.2M | 215,000 | 3.3% | 0.0% |
| 13 | JACKSON FINANCIAL INC CUSIP: 46817M107 | $9.2M | 86,150 | 3.2% | -8.2% |
| 14 | UNITED PARCEL SERVICE INC CUSIP: 911312106 | $8.6M | 86,600 | 3.0% | 0.0% |
| 15 | VERIZON COMMUNICATIONS INC CUSIP: 92343V104 | $8.1M | 198,000 | 2.8% | 0.0% |
| 16 | CTO RLTY GROWTH INC NEW CUSIP: 22948Q101 | $8.0M | 434,145 | 2.8% | +1.2% |
| 17 | VIATRIS INC CUSIP: 92556V106 | $7.7M | 619,000 | 2.7% | 0.0% |
| 18 | BRISTOL-MYERS SQUIBB CO CUSIP: 110122108 | $5.8M | 108,000 | 2.1% | 0.0% |
| 19 | ONEMAIN HLDGS INC CUSIP: 68268W103 | $5.6M | 82,941 | 2.0% | -9.8% |
| 20 | WESTERN ALLIANCE BANCORP CUSIP: 957638109 | $5.4M | 64,455 | 1.9% | +1.6% |
| 21 | CHORD ENERGY CORPORATION CUSIP: 674215207 | $5.4M | 57,766 | 1.9% | +9.5% |
| 22 | CAL MAINE FOODS INC CUSIP: 128030202 | $4.9M | 62,000 | 1.7% | 0.0% |
| 23 | BUILD-A-BEAR WORKSHOP INC CUSIP: 120076104 | $4.8M | 78,000 | 1.7% | -20.4% |
| 24 | STELLANTIS N.V CUSIP: N82405106 | $4.7M | 429,000 | 1.6% | +10.0% |
| 25 | STRATEGY INC CUSIP: 594972408 | $3.8M | 25,250 | 1.4% | +65.6% |
| 26 | ALLIANCE RESOURCE PARTNERS L CUSIP: 01877R108 | $3.1M | 132,000 | 1.1% | +3.9% |
| 27 | BOISE CASCADE CO DEL CUSIP: 09739D100 | $2.7M | 37,000 | 1.0% | 0.0% |
| 28 | MILLROSE PPTYS INC NEWCUSIP: 601137102 | $2.5M | 82,800 | 0.9% | NEW |
| 29 | CARLYLE GROUP INC CUSIP: 14316J108 | $2.4M | 40,000 | 0.8% | 0.0% |
| 30 | LYONDELLBASELL INDUSTRIES N CUSIP: N53745100 | $1.6M | 38,000 | 0.6% | 0.0% |
| 31 | UPBOUND GROUP INC CUSIP: 76009N100 | $1.2M | 70,000 | 0.4% | +250.0% |
| 32 | TUTOR PERINI CORP CUSIP: 901109108 | $456.7K | 6,815 | 0.2% | 0.0% |
| 33 | UNITED NAT FOODS INC CUSIP: 911163103 | $425.1K | 12,625 | 0.1% | -82.8% |
| 34 | TECHNIPFMC PLC CUSIP: G87110105 | $334.6K | 7,510 | 0.1% | 0.0% |