13F filing recap · Q2 2014

What did Miller Value Partners buy in Q2 2014?

Reported stock-position changes between this filing and the previous one.

Stock value

$2.49B

Positions

113

Estimated turnover

16.9%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

GILDGilead Sciences, Inc.$55.56Mreported value+670.1K shares TWTRTwitter Inc.$9.56Mreported value+233.4K shares ABYAbengoa Yield Plc$1.89Mreported value+50.0K shares HLSSHome Loan Servicing Solutions, Ltd.$1.74Mreported value+76.6K shares HCRSQHi-Crush Partners LP$1.57Mreported value+24.0K shares FIG.OLDFortress Investment Group LLC$1.50Mreported value+201.4K shares MCDMcdonald’s Corporation$1.10Mreported value+10.9K shares PMPhilip Morris International Inc.$1.07Mreported value+12.7K shares LUMNLumen Technologies, Inc.$1.01Mreported value+28.0K shares GEGeneral Electric Company$920.0Kreported value+35.0K shares IRDM 6.75 PERP BIridium Communications Inc.$859.0Kreported value+2.6K shares HTGCHercules Capital, Inc.$834.0Kreported value+51.6K shares TCAPTriangle Capital Corporation$627.0Kreported value+22.1K shares

Increased positions

XONPrecigen Inc$70.40Mreported value+1.15M shares+69.7%GMEGamestop Corp.$62.75Mreported value+339.6K shares+28.1%AAPLApple Inc.$51.32Mreported value+472.9K shares+596.7%NSMNationstar Mortgage Holdings Inc$41.24Mreported value+131.8K shares

Reduced positions

AALAmerican Airlines Group Inc.$95.36Mreported value-261.5K shares-10.5%DALDelta Air Lines, Inc.$94.98Mreported value-264.7K shares-9.7%GNWGenworth Financial, Inc.$93.48Mreported value-397.9K shares-6.9%QCOMQualcomm Inc/de$79.97Mreported value-52.0K shares

Exited positions

QCORQuestcor Pharmaceuticals, Inc.$43.93Mprior reported value-676.6K shares-100.0%ESNTEssent Group Ltd.$10.18Mprior reported value-453.4K shares-100.0%NJJNii Holdings Inc$9.33Mprior reported value-7.84M shares-100.0%DNDNDendreon Corporation$7.28Mprior reported value-2.43M shares