13F filing recap · Q4 2018

What did Miller Value Partners buy in Q4 2018?

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

Stock value

$2.19B

Positions

100

Estimated turnover

11.8%

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

AIEURArlington Asset Investment Corp$5.90Mreported value+815.0K shares ETEnergy Transfer LP$3.52Mreported value+266.2K shares FUNSix Flags Entertainment Corporation/new$2.48Mreported value+52.5K shares BGCPBgc Partners, Inc.$2.20Mreported value+425.0K shares AHTAshford Hospitality Trust, Inc.$1.40Mreported value+350.0K shares PPLTAbrdn Platinum ETF Trust$752.0Kreported value+10.0K shares MDRMcdermott International Inc$75.0Kreported value+11.5K shares

Increased positions

GNWGenworth Financial, Inc.$98.68Mreported value+12.2K shares+0.1%OMFOnemain Holdings, Inc.$77.40Mreported value+16.2K shares+0.5%JPMJPMorgan Chase & Co$75.23Mreported value+429 shares+0.1%BHFBrighthouse Financial, Inc.$62.45Mreported value+184.3K shares

Reduced positions

AMZNAmazon.com Inc$119.33Mreported value-17.2K shares-17.8%RHRh$118.10Mreported value-126.4K shares-11.4%BHCBausch Health Companies Inc.$88.70Mreported value-125.3K shares-2.5%UALUnited Airlines Holdings, Inc.$74.71Mreported value-104.4K shares

Exited positions

UPROProshares Trust$17.99Mprior reported value-314.1K shares-100.0%PPLTAbrdn Platinum ETF Trust$7.70Mprior reported value-10.0K shares-100.0%HCRSQHi-Crush Partners LP$7.34Mprior reported value-680.0K shares-100.0%ETPEnergy Transfer Partners, L.p.$4.63Mprior reported value-208.0K shares