13F filing recap · Q1 2020

What did Miller Value Partners buy in Q1 2020?

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

Stock value

$1.55B

Positions

Estimated turnover

48.6%

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

BAThe Boeing Company$31.96Mreported value+214.3K shares PGENPrecigen, Inc.$25.32Mreported value+7.45M shares GOOSCanada Goose Holdings Inc.$18.00Mreported value+905.0K shares TMHCTaylor Morrison Home Corp$17.67Mreported value+1.61M shares SDCCQSmiledirectclub Inc$9.37Mreported value+2.01M shares CGCarlyle Group Inc.$8.33Mreported value+384.9K shares ATCOAtlas Corp$2.67Mreported value+347.8K shares 2H2ATwo Harbors Investment Corp.$1.74Mreported value+456.7K shares NLYAnnaly Capital Management, Inc.$1.57Mreported value+310.0K shares AIG WSAmerican International Group, Inc.$512.0Kreported value+640.2K shares REALThe Realreal, Inc.$414.0Kreported value+59.0K shares

Increased positions

FTCHFarfetch Limited$62.42Mreported value+2.58M shares+48.5%BABAAlibaba Group Holding Limited$59.14Mreported value+13.4K shares+4.6%GOOGLAlphabet Inc.$57.88Mreported value+49.2K shares+8201.5%UALUnited Airlines Holdings, Inc.$47.67Mreported value+1.01M shares

Reduced positions

AMZNAmazon.com Inc$91.73Mreported value-13.5K shares-22.3%TEVATeva Pharmaceutical Industries Limited$71.11Mreported value-1.92M shares-19.5%ADTAdt Inc.$63.39Mreported value-1.05M shares-6.7%METAMeta Platforms, Inc.$58.70Mreported value-21.8K shares

Exited positions

MUMicron Technology, Inc.$87.74Mprior reported value-1.63M shares-100.0%AALAmerican Airlines Group Inc.$77.51Mprior reported value-2.70M shares-100.0%CVSCVS Health Corp$56.40Mprior reported value-759.2K shares-100.0%XONPrecigen Inc$46.12Mprior reported value-8.42M shares