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Miller Value Partners 13F Holdings and Portfolio Changes
Miller Value Partners reported $423.1M in 13F securities for Q2 2026, with 56 positions. Values are as of the report date; option positions, when present, use underlying-security values. This is not complete fund assets or investment performance.
Open interactive portfolioLatest 13F portfolio changes
New or increased positions include NABORS INDUSTRIES (NBR), GRAY MEDIA (GTN), DIREXION SHARES ETF TRUST (SPUU), and BLOOMIN BRANDS (BLMN). Reduced or exited positions include QUAD / GRAPHICS (QUAD), STATE STR SPDR S&P 500 ETF T (SPY), BREAD FINANCIAL HOLDINGS (BFH), and UNITED PARCEL SVCS (UPS). These are comparisons between reported positions, not a record of execution dates, prices or cash traded.
Latest filing metadata: quarter Q2 2026; report date 2026-06-30; filing date 2026-08-14; disclosure source SEC 13F.
Reported holdings and concentration
Miller Value Partners's Q2 2026 13F report contains 56 positions valued at $423.1M. The largest reported holdings include NABORS INDUSTRIES, GRAY MEDIA, DIREXION SHARES ETF TRUST, BLOOMIN BRANDS, and QUAD / GRAPHICS.
The three largest positions in the holdings table account for approximately 21.5% of reported 13F value. The largest reported sector exposure is Other at 60.0% of the disclosed portfolio.
The filing metadata lists report date 2026-06-30, filing date 2026-08-14, SEC accession 0001135778-26-000016. SEC 13F reports are normally published up to 45 days after quarter end, so the data is best used to understand institutional positioning after the fact rather than to infer today's exact portfolio.
Miller Value Partners portfolio analytics
the top five positions account for 32.1% of disclosed value; the largest sector exposure is Communication Services at 9.6%.
Top reported holdings
| Holding | Reported value | Weight | Quarter change |
|---|---|---|---|
| NBR whale holders NABORS INDUSTRIES LTD | $37.4M | 8.8% | Increased |
| GTN whale holders GRAY MEDIA INC | $28.8M | 6.8% | Increased |
| SPUU whale holders DIREXION SHARES ETF TRUST | $24.6M | 5.8% | New |
| BLMN whale holders BLOOMIN BRANDS INC | $23.6M | 5.6% | Increased |
| QUAD whale holders QUAD / GRAPHICS INC | $21.4M | 5.1% | Reduced |
| LNC whale holders LINCOLN NATL CORP IND | $21.3M | 5.0% | Increased |
| CRGY whale holders CRESCENT ENERGY COMPANY | $20.6M | 4.9% | Increased |
| CNDT whale holders CONDUENT INC | $19.0M | 4.5% | Increased |
| BFH whale holders BREAD FINANCIAL HOLDINGS INC | $14.4M | 3.4% | Reduced |
| UPS whale holders UNITED PARCEL SVCS INC | $12.5M | 3.0% | Reduced |
New and increased positions
Largest reported position values among additions; not amounts spent buying.
- NBR whale holders — NABORS INDUSTRIES LTD ($37.4M)
- GTN whale holders — GRAY MEDIA INC ($28.8M)
- SPUU whale holders — DIREXION SHARES ETF TRUST ($24.6M)
- BLMN whale holders — BLOOMIN BRANDS INC ($23.6M)
- LNC whale holders — LINCOLN NATL CORP IND ($21.3M)
- CRGY whale holders — CRESCENT ENERGY COMPANY ($20.6M)
Reduced and exited positions
Sorted by reported position value; exits use the prior report. These are not sale proceeds.
- QUAD whale holders — QUAD / GRAPHICS INC ($21.4M)
- SPY whale holders — STATE STR SPDR S&P 500 ETF T ($19.5M)
- BFH whale holders — BREAD FINANCIAL HOLDINGS INC ($14.4M)
- UPS whale holders — UNITED PARCEL SVCS INC ($12.5M)
- TDAY whale holders — USA TODAY CO INC ($12.0M)
- CTO whale holders — CTO RLTY GROWTH INC NEW ($11.6M)
Allocation
- Other: 60.0%
- Communication Services: 9.6%
- Energy: 6.8%
- Financials: 6.6%
- ETF / Fund: 5.8%
- Real Estate: 3.5%
- Industrials: 3.0%
- Consumer Discretionary: 2.1%
Data notes
Report date: 2026-06-30
Disclosure source: SEC 13F
Read the original SEC filing (0001135778-26-000016)
SEC 13F filings are delayed public disclosures and do not include every asset class, short positions, or real-time trades.
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Questions about this 13F filing
What does Miller Value Partners report for Q2 2026?
The filing reports 56 positions and $423.1M in 13F securities. The holdings table shows reported values and weights; option values follow the filing's reporting conventions.
What changed between filings?
New or increased positions include NABORS INDUSTRIES (NBR), GRAY MEDIA (GTN), DIREXION SHARES ETF TRUST (SPUU), and BLOOMIN BRANDS (BLMN). Reduced or exited positions include QUAD / GRAPHICS (QUAD), STATE STR SPDR S&P 500 ETF T (SPY), BREAD FINANCIAL HOLDINGS (BFH), and UNITED PARCEL SVCS (UPS).
Do these amounts show how much was bought or sold?
No. The change lists are ranked by reported position value. Exited positions use their value in the prior report. These amounts are not execution prices, cash invested or sale proceeds.
Is this the current portfolio?
No. Form 13F is a quarter-end snapshot, generally filed within 45 days of quarter end. It excludes short positions and does not cover every asset. Compare the report date and filing date before using the data.