13F filing recap · Q2 2015

What did Miller Value Partners buy in Q2 2015?

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

Stock value

$2.64B

Positions

Estimated turnover

6.1%

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

GRBKGreen Brick Partners, Inc.$18.89Mreported value+1.73M shares TPHTri Pointe Group Inc$18.30Mreported value+1.20M shares FTAIFtai Aviation Ltd.$3.63Mreported value+200.0K shares FTRCQFrontier Communications Corp$2.80Mreported value+28.0K shares FTRFrontier Communications Corp$1.61Mreported value+325.0K shares CIMChimera Investment Corporation$1.51Mreported value+110.2K shares CSALCommunications Sales & Leasing Inc.$839.0Kreported value+33.9K shares WINMQWindstream Holdings Inc$181.0Kreported value+28.3K shares

Increased positions

PHMPultegroup, Inc.$84.47Mreported value+105.8K shares+2.6%ZIOPZiopharm Oncology Inc (alaunos Therapeutics Inc)$41.73Mreported value+477.5K shares+15.9%TMHCTaylor Morrison Home Corp$39.24Mreported value+31.2K shares+1.6%LEAFSpringleaf Holdings Inc$34.30Mreported value+150.0K shares

Reduced positions

NFLXNetflix, Inc.$79.06Mreported value-29.5K shares-19.7%CIThe Cigna Group$67.78Mreported value-1.4K shares-0.3%AAPLApple Inc.$59.48Mreported value-4.0K shares-0.8%AMZNAmazon.com Inc$55.53Mreported value-410 shares

Exited positions

LVLTLevel 3 Communications Inc$9.73Mprior reported value-180.7K shares-100.0%CIMChimera Investment Corporation$1.73Mprior reported value-551.0K shares-100.0%WINWindstream Holdings Inc$1.26Mprior reported value-169.7K shares-100.0%TALTal International Group, Inc.$954.0Kprior reported value