13F filing recap · Q4 2019

What did Miller Value Partners buy in Q4 2019?

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

Stock value

$2.80B

Positions

Estimated turnover

19.8%

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

FTCHFarfetch Limited$55.06Mreported value+5.32M shares CDEVCentennial Resource Development Inc$5.73Mreported value+1.24M shares UAUnder Armour, Inc.$997.0Kreported value+52.0K shares MSGNMsg Networks Inc$992.0Kreported value+57.0K shares TDAYUSA Today Co., Inc.$896.0Kreported value+140.4K shares DXCDxc Technology Co$310.0Kreported value+8.3K shares CNXCnx Resources Corporation$166.0Kreported value+18.8K shares

Increased positions

MEDMedifast, Inc.$101.27Mreported value+244.6K shares+36.0%TEVATeva Pharmaceutical Industries Limited$96.37Mreported value+1.34M shares+15.8%MUMicron Technology, Inc.$87.74Mreported value+1.3K shares+0.1%TVTYTivity Health Inc.$77.61Mreported value+131.7K shares

Reduced positions

ADTAdt Inc.$124.69Mreported value-482.0K shares-3.0%BHCBausch Health Companies Inc.$116.60Mreported value-619.5K shares-13.7%AMZNAmazon.com Inc$111.85Mreported value-5.3K shares-8.1%OMFOnemain Holdings, Inc.$102.20Mreported value-305.3K shares

Exited positions

PHMPultegroup, Inc.$53.33Mprior reported value-1.46M shares-100.0%MICMacquarie Infrastructure Holdings LLC$9.79Mprior reported value-248.0K shares-100.0%2H2ATwo Harbors Investment Corp.$4.71Mprior reported value-359.1K shares-100.0%CIMChimera Investment Corporation$4.30Mprior reported value