13F filing recap · Q1 2015

What did Miller Value Partners buy in Q1 2015?

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

Stock value

$2.65B

Positions

Estimated turnover

15.0%

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

ZIOPZiopharm Oncology Inc (alaunos Therapeutics Inc)$32.31Mreported value+3.00M shares JDJd.com, Inc.$22.07Mreported value+751.0K shares TWTRTwitter Inc.$9.03Mreported value+180.3K shares FSCFifth Street Finance Corp.$3.50Mreported value+480.0K shares

Increased positions

XONPrecigen Inc$133.58Mreported value+2.6K shares+0.1%AALAmerican Airlines Group Inc.$126.91Mreported value+3.2K shares+0.1%DALDelta Air Lines, Inc.$108.09Mreported value+3.0K shares+0.1%FCAUFiat Chrysler Automobiles N.v.$97.99Mreported value+24.1K shares

Reduced positions

UALUnited Airlines Holdings, Inc.$113.21Mreported value-57.3K shares-3.3%NXPINxp Semiconductors N.v.$96.25Mreported value-135.5K shares-12.4%LENLennar Corp /new/$94.80Mreported value-4.6K shares-0.3%PHMPultegroup, Inc.$90.83Mreported value-16.8K shares

Exited positions

HLSSHome Loan Servicing Solutions, Ltd.$3.28Mprior reported value-168.0K shares-100.0%ARCCAres Capital Corp$1.29Mprior reported value-82.8K shares-100.0%PMPhilip Morris International Inc.$1.03Mprior reported value-12.7K shares-100.0%MCDMcdonald’s Corporation$1.02Mprior reported value