13F filing recap · Q1 2016

What did Miller Value Partners buy in Q1 2016?

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

Stock value

$2.01B

Positions

Estimated turnover

33.4%

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

VRXValeant Pharmaceuticals International, Inc.$41.58Mreported value+1.58M shares CPTACapitala Finance Corp.$1.79Mreported value+149.5K shares CLMTCalumet, Inc. /de$1.47Mreported value+125.0K shares CGCarlyle Group Inc.$1.18Mreported value+70.0K shares

Increased positions

XONPrecigen Inc$113.40Mreported value+177.4K shares+5.6%OMFOnemain Holdings, Inc.$72.32Mreported value+1.83M shares+225.5%QUOTQuotient Technology Inc$71.09Mreported value+2.17M shares+48.0%PAHElement Solutions Inc$68.82Mreported value+1.41M shares

Reduced positions

DALDelta Air Lines, Inc.$115.10Mreported value-207.5K shares-8.1%UALUnited Airlines Holdings, Inc.$98.38Mreported value-167.1K shares-9.2%AALAmerican Airlines Group Inc.$96.99Mreported value-221.5K shares-8.6%LENLennar Corp /new/$92.64Mreported value-149.6K shares

Exited positions

NFLXNetflix, Inc.$93.15Mprior reported value-814.4K shares-100.0%BYDBoyd Gaming Corp$75.47Mprior reported value-3.80M shares-100.0%PCLNBooking Holdings Inc$46.89Mprior reported value-36.8K shares-100.0%QCOMQualcomm Inc/de$36.81Mprior reported value-736.5K shares