13F filing recap · Q4 2016

What did Miller Value Partners buy in Q4 2016?

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

Stock value

$1.88B

Positions

Estimated turnover

28.7%

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

RHRh$49.37Mreported value+1.61M shares AGNAllergan Plc$27.93Mreported value+133.0K shares GTYHUGty Technology Holdings Inc$21.12Mreported value+2.01M shares ALXNAlexion Pharmaceuticals Inc$12.20Mreported value+99.7K shares

Increased positions

AMZNAmazon.com Inc$82.27Mreported value+95.9K shares+694.7%XONPrecigen Inc$74.83Mreported value+4.4K shares+0.1%OMFOnemain Holdings, Inc.$74.06Mreported value+514.5K shares+18.2%VRXValeant Pharmaceuticals International, Inc.$70.50Mreported value+2.56M shares

Reduced positions

UALUnited Airlines Holdings, Inc.$91.59Mreported value-87.3K shares-6.5%DALDelta Air Lines, Inc.$91.32Mreported value-156.4K shares-7.8%AALAmerican Airlines Group Inc.$89.53Mreported value-94.1K shares-4.7%MTGMgic Investment Corp$78.72Mreported value-407.7K shares

Exited positions

NXPINxp Semiconductors N.v.$82.11Mprior reported value-804.9K shares-100.0%FCAUFiat Chrysler Automobiles N.v.$31.74Mprior reported value-4.96M shares-100.0%JDJd.com, Inc.$27.07Mprior reported value-1.04M shares-100.0%VERVereit Inc$3.99Mprior reported value-385.0K shares