Q1 2026 · 13F-HR
Miller Investment Management, LPholdings as filed
Filed 2026-05-08 · accession 0001407382-26-000005
$1.01B
Reported value
86
Positions
2026-03-31
Period end
The Brief · Miller Investment Management, LP · Q1 2026
AI · grounded in 13F
Miller Investment Management, LP exited several homebuilding positions, most notably closing its stake in D R Horton Inc DHI for a reduction of $12.4M. The fund also closed positions in NVR Inc NVR and Lennar Corp LEN, totaling over $21M in combined exits. To offset these sells, the fund increased its holdings in Vanguard Index Fds VV by 38.0% and Vanguard Tax-Managed Intl Fd VEA by 29.9%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $190.0M | 18.9% | 292,218 | Common | NONE |
| 78468R523 | BILS | SPDR SER TR | $125.3M | 12.4% | 1,260,535 | Common | NONE |
| 92206C102 | VGSH | VANGUARD SCOTTSDALE FDS | $98.0M | 9.73% | 1,673,914 | Common | NONE |
| 92206C706 | VGIT | VANGUARD SCOTTSDALE FDS | $79.0M | 7.84% | 1,326,156 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $73.9M | 7.34% | 154,300 | Common | NONE |
| 464287465 | EFA | ISHARES TR | $63.3M | 6.29% | 652,026 | Common | NONE |
| 92189F676 | SMH | VANECK VECTORS ETF TR | $36.4M | 3.61% | 94,907 | Common | NONE |
| 30303M102 | META | META PLATFORMS INC | $33.1M | 3.29% | 57,872 | Common | NONE |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $29.7M | 2.95% | 202,911 | Common | NONE |
| 46434g822 | — | ISHARES INC | $27.3M | 2.71% | 323,054 | Common | NONE |
| 922908637 | VV | VANGUARD INDEX FDS | $25.9M | 2.57% | 86,744 | Common | NONE |
| 02079K305 | GOOGL | ALPHABET INC | $25.3M | 2.51% | 87,963 | Common | NONE |
| 81369Y852 | XLC | SELECT SECTOR SPDR TR | $18.7M | 1.86% | 168,822 | Common | NONE |
| 464287499 | IWR | ISHARES TR | $18.3M | 1.82% | 188,278 | Common | NONE |
| 922040845 | VBIL | VANGUARD INSTL INDEX FD | $14.8M | 1.47% | 195,900 | Common | SOLE |
| 92189f692 | — | VANECK ETF TRUST | $13.9M | 1.38% | 133,938 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORPORATION | $13.3M | 1.32% | 36,022 | Common | NONE |
| 921943858 | VEA | VANGUARD TAX-MANAGED INTL FD | $13.1M | 1.30% | 204,511 | Common | NONE |
| 023135106 | AMZN | AMAZON COM INC | $10.9M | 1.09% | 52,489 | Common | NONE |
| 911363109 | URI | UNITED RENTALS INC | $8.5M | 0.85% | 11,707 | Common | NONE |
| 92189F726 | BBH | VANECK ETF TRUST | $7.3M | 0.73% | 38,962 | Common | NONE |
| 464287556 | IBB | ISHARES TR | $5.9M | 0.59% | 35,093 | Common | NONE |
| 14149Y108 | CAH | CARDINAL HEALTH INC | $5.0M | 0.49% | 23,553 | Common | NONE |
| 921908844 | VIG | VANGUARD SPECIALIZED FUNDS | $3.5M | 0.35% | 16,293 | Common | NONE |
| 46625H100 | JPM | JPMORGAN CHASE & CO | $3.4M | 0.33% | 11,410 | Common | NONE |
| 922908769 | VTI | VANGUARD INDEX FDS | $3.3M | 0.33% | 10,429 | Common | NONE |
| 478160104 | JNJ | JOHNSON AND JOHNSON | $3.1M | 0.31% | 12,849 | Common | NONE |
| 78467X109 | DIA | SPDR DOW JONES INDL AVERAGE | $2.6M | 0.26% | 5,717 | Common | NONE |
| 693475105 | PNC | PNC FINL SVCS GROUP INC | $2.6M | 0.26% | 12,580 | Common | NONE |
| 291011104 | EMR | EMERSON ELEC CO | $2.5M | 0.25% | 18,970 | Common | NONE |
| 244199105 | DE | DEERE & COMPANY | $2.4M | 0.23% | 4,185 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $2.3M | 0.23% | 9,245 | Common | NONE |
| 75513E101 | RTX | RAYTHEON TECHNOLOGIES CORP | $2.0M | 0.20% | 10,350 | Common | NONE |
| 68389X105 | ORCL | ORACLE CORP | $1.8M | 0.18% | 12,572 | Common | NONE |
| 031162100 | AMGN | AMGEN INC | $1.8M | 0.18% | 5,098 | Common | NONE |
| 949746101 | WMT2 | WELLS FARGO & CO NEW | $1.6M | 0.16% | 20,342 | Common | NONE |
| 464287655 | IWM | ISHARES TR | $1.5M | 0.15% | 6,138 | Common | NONE |
| 74834L100 | DGX | QUEST DIAGNOSTICS INC | $1.5M | 0.15% | 7,586 | Common | NONE |
| 872540109 | TJX | TJX COS INC NEW | $1.5M | 0.15% | 9,214 | Common | NONE |
| 886364835 | GSPY | TIDAL ETF TR | $1.4M | 0.14% | 40,578 | Common | NONE |
| G5960L103 | MDT | MEDTRONIC PLC | $1.4M | 0.14% | 15,885 | Common | NONE |
| 166764100 | CVX | CHEVRON CORP | $1.3M | 0.12% | 6,045 | Common | NONE |
| 46090E103 | QQQ | INVESCO QQQ TR | $1.2M | 0.12% | 2,084 | Common | NONE |
| 718546104 | PSX | PHILLIPS 66 | $1.2M | 0.12% | 6,500 | Common | SOLE |
| 532457108 | LLY | LILLY ELI & CO | $1.1M | 0.11% | 1,250 | Common | NONE |
| 15135B101 | CNC | CENTENE CORP DEL | $1.1M | 0.11% | 34,795 | Common | NONE |
| 437076102 | HD | HOME DEPOT INC | $1.1M | 0.11% | 3,275 | Common | NONE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC | $978,586 | 0.10% | 9,947 | Common | NONE |
| 675746606 | ONIT | OCWEN FINL CORP | $973,817 | 0.10% | 24,798 | Common | NONE |
| 03073E105 | COR | AMERISOURCEBERGEN CORP | $956,556 | 0.09% | 3,045 | Common | NONE |
| 494368103 | KMB | KIMBERLY-CLARK CORP | $899,197 | 0.09% | 9,321 | Common | NONE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $882,976 | 0.09% | 30,755 | Common | NONE |
| 88579Y101 | MMM | 3M COMPANY | $815,466 | 0.08% | 5,615 | Common | NONE |
| 254687106 | DIS | WALT DISNEY COMPANY | $796,195 | 0.08% | 8,261 | Common | NONE |
| 922908363 | VOO | VANGUARD INDEX FDS | $750,523 | 0.07% | 1,256 | Common | NONE |
| 854502101 | SWK | STANLEY BLACK & DECKER INC | $750,038 | 0.07% | 10,555 | Common | NONE |
| 228368106 | CCK | CROWN HOLDINGS INC | $743,955 | 0.07% | 7,421 | Common | NONE |
| 00287Y109 | ABBV | ABBVIE INC | $737,291 | 0.07% | 3,390 | Common | NONE |
| 464287598 | IWD | ISHARES TR | $719,641 | 0.07% | 3,368 | Common | NONE |
| 713448108 | PEP | PEPSICO INC | $719,148 | 0.07% | 4,631 | Common | NONE |
| 00162Q452 | AMLP | ALPS ETF TR | $688,479 | 0.07% | 13,079 | Common | NONE |
| 172908105 | CTAS | CINTAS CORP | $677,237 | 0.07% | 4,004 | Common | NONE |
| 78468R663 | BIL | SPDR SER TR | $657,884 | 0.07% | 7,179 | Common | NONE |
| 922042775 | VEU | VANGUARD INTL EQUITY INDEX F | $652,244 | 0.06% | 8,685 | Common | NONE |
| 452308109 | ITW | ILLINOIS TOOL WKS INC | $599,968 | 0.06% | 2,305 | Common | NONE |
| 075887109 | BDX | BECTON DICKINSON & CO | $533,953 | 0.05% | 3,396 | Common | NONE |
| 369550108 | GD | GENERAL DYNAMICS CORP | $533,364 | 0.05% | 1,554 | Common | NONE |
| 21036P108 | STZ | CONSTELLATION BRANDS INC | $532,500 | 0.05% | 3,550 | Common | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $530,874 | 0.05% | 3,044 | Common | NONE |
| 580135101 | MCD | MCDONALDS CORP | $513,425 | 0.05% | 1,652 | Common | NONE |
| 032095101 | APH | AMPHENOL CORP NEW | $486,574 | 0.05% | 3,851 | Common | NONE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS | $441,635 | 0.04% | 1,822 | Common | NONE |
| 78464A870 | XBI | SPDR SERIES TRUST | $438,753 | 0.04% | 3,435 | Common | NONE |
| 0076ca104 | — | AEGON LTD | $413,929 | 0.04% | 57,015 | Common | NONE |
| 30231G102 | XOM | EXXON MOBIL CORP | $405,492 | 0.04% | 2,390 | Common | NONE |
| 191216100 | KO | COCA COLA CO | $395,460 | 0.04% | 5,200 | Common | NONE |
| 053611109 | AVY | AVERY DENNISON CORP | $385,076 | 0.04% | 2,230 | Common | NONE |
| 02079K107 | GOOG | ALPHABET INC | $378,655 | 0.04% | 1,320 | Common | NONE |
| g1151c101 | — | ACCENTURE PLC IRELAND | $363,466 | 0.04% | 1,833 | Common | NONE |
| 363576109 | AJG | GALLAGHER ARTHUR J & CO | $362,122 | 0.04% | 1,672 | Common | NONE |
| 46137v308 | — | INVESCO EXCHANGE TRADED FD T | $351,092 | 0.03% | 2,675 | Common | NONE |
| 14448C104 | CARR | CARRIER GLOBAL CORPORATION | $328,850 | 0.03% | 5,840 | Common | NONE |
| 654106103 | NKE | NIKE INC | $252,004 | 0.03% | 4,771 | Common | NONE |
| 922042874 | VGK | VANGUARD INTL EQUITY INDEX F | $249,928 | 0.02% | 3,032 | Common | NONE |
| 539830109 | LMT | LOCKHEED MARTIN CORP | $231,481 | 0.02% | 383 | Common | NONE |
| 879360105 | TDY | TELEDYNE TECHNOLOGIES INC | $230,509 | 0.02% | 381 | Common | NONE |
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.