Q3 2025 · 13F-HR
MILLER VALUE PARTNERS, LLCholdings as filed
Filed 2025-11-14 · accession 0001135778-25-000003
$272.2M
Reported value
36
Positions
2025-09-30
Period end
The Brief · MILLER VALUE PARTNERS, LLC · Q3 2025
AI · grounded in 13F
Miller Value Partners, LLC established a new position in NBR valued at $27.5M. The fund also initiated new stakes in LNC for $21M and GTN for $20.6M. Additional new positions included QUAD at $16.4M and BFH at $15.1M. Total assets under management stand at $272.2M across 36 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| G6359F137 | NBR | NABORS INDUSTRIES LTD | $27.5M | 10.1% | 673,095 | Common | SOLE |
| 534187109 | LNC | LINCOLN NATL CORP IND | $21.0M | 7.72% | 520,676 | Common | SOLE |
| 389375106 | GTN | GRAY MEDIA INC | $20.6M | 7.56% | 3,558,215 | Common | SOLE |
| 747301109 | QUAD | QUAD / GRAPHICS INC | $16.4M | 6.03% | 2,623,475 | Common | SOLE |
| 018581108 | BFH | BREAD FINANCIAL HOLDINGS INC | $15.1M | 5.53% | 270,010 | Common | SOLE |
| 36472T109 | TDAY | GANNETT CO INC | $14.1M | 5.16% | 3,403,265 | Common | SOLE |
| 206787103 | CNDT | CONDUENT INC | $11.3M | 4.15% | 4,030,825 | Common | SOLE |
| 024061103 | DCH | AMERICAN AXLE & MFG HLDGS IN | $10.3M | 3.79% | 1,717,095 | Common | SOLE |
| 47580P103 | JELD | JELD-WEN HLDG INC | $10.2M | 3.73% | 2,068,840 | Common | SOLE |
| 46817M107 | JXN | JACKSON FINANCIAL INC | $9.5M | 3.49% | 93,825 | Common | SOLE |
| 902681105 | UGI | UGI CORP NEW | $8.7M | 3.20% | 262,000 | Common | SOLE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $8.7M | 3.20% | 198,000 | Common | SOLE |
| 34988V106 | FOSL | FOSSIL GROUP INC | $8.5M | 3.14% | 3,326,395 | Common | SOLE |
| M6158M104 | ITRN | ITURAN LOCATION AND CONTROL | $7.7M | 2.82% | 215,000 | Common | SOLE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC | $7.2M | 2.66% | 86,600 | Common | SOLE |
| 22948Q101 | CTO | CTO RLTY GROWTH INC NEW | $7.0M | 2.57% | 429,145 | Common | SOLE |
| 120076104 | BBW | BUILD-A-BEAR WORKSHOP INC | $6.4M | 2.35% | 98,000 | Common | SOLE |
| 92556V106 | VTRS | VIATRIS INC | $6.1M | 2.25% | 619,000 | Common | SOLE |
| 128030202 | CALM | CAL MAINE FOODS INC | $5.8M | 2.14% | 62,000 | Common | SOLE |
| 957638109 | WAL | WESTERN ALLIANCE BANCORP | $5.5M | 2.02% | 63,455 | Common | SOLE |
| 674215207 | CHRD | CHORD ENERGY CORPORATION | $5.2M | 1.93% | 52,766 | Common | SOLE |
| 68268W103 | OMF | ONEMAIN HLDGS INC | $5.2M | 1.91% | 91,941 | Common | SOLE |
| 594972408 | MSTR | STRATEGY INC | $4.9M | 1.81% | 15,250 | Common | SOLE |
| 110122108 | BMY | BRISTOL-MYERS SQUIBB CO | $4.9M | 1.79% | 108,000 | Common | SOLE |
| 118440106 | BKE | BUCKLE INC | $4.2M | 1.55% | 72,000 | Common | SOLE |
| N82405106 | STLA | STELLANTIS N.V | $3.6M | 1.34% | 390,000 | Common | SOLE |
| 01877R108 | ARLP | ALLIANCE RESOURCE PARTNERS L | $3.2M | 1.18% | 127,000 | Common | SOLE |
| 09739D100 | BCC | BOISE CASCADE CO DEL | $2.9M | 1.05% | 37,000 | Common | SOLE |
| 911163103 | UNFI | UNITED NAT FOODS INC | $2.8M | 1.02% | 73,445 | Common | SOLE |
| 14316J108 | CG | CARLYLE GROUP INC | $2.5M | 0.92% | 40,000 | Common | SOLE |
| N53745100 | LYB | LYONDELLBASELL INDUSTRIES N | $1.9M | 0.68% | 38,000 | Common | SOLE |
| 81684M104 | SMLR | SEMLER SCIENTIFIC INC | $1.6M | 0.58% | 53,000 | Common | SOLE |
| 76009N100 | UPBD | UPBOUND GROUP INC | $472,600 | 0.17% | 20,000 | Common | SOLE |
| 89151E109 | TTEN | TOTALENERGIES SE | $456,628 | 0.17% | 7,650 | Common | SOLE |
| 901109108 | TPC | TUTOR PERINI CORP | $446,996 | 0.16% | 6,815 | Common | SOLE |
| G87110105 | FTI | TECHNIPFMC PLC | $296,269 | 0.11% | 7,510 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.