13F filing recap · Q1 2022

What did Miller Value Partners buy in Q1 2022?

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

Stock value

$2.63B

Positions

Estimated turnover

18.1%

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

APOApollo Global Management, Inc.$5.27Mreported value+85.0K shares FTITechnipfmc Plc$3.13Mreported value+403.7K shares FLFoot Locker Inc$1.32Mreported value+44.4K shares DCHAmerican Axle & Manufacturing Holdings, Inc. (now Dauch Corporation)$1.08Mreported value+139.4K shares RILYBrc Group Holdings, Inc.$700.0Kreported value+10.0K shares TPCTutor Perini Corporation$187.0Kreported value+17.4K shares TALTal Education Group$30.0Kreported value+10.0K shares VRMVroom, Inc.$27.0Kreported value+10.0K shares DMDesktop Metal, Inc.$24.0Kreported value+5.0K shares RIGTransocean Ltd.$23.0Kreported value+5.0K shares MILEMetromile Inc$20.0Kreported value+15.0K shares ME23andme Holding Co$19.0Kreported value+5.0K shares

Increased positions

OVVOvintiv Inc.$119.28Mreported value+13.2K shares+0.6%NCLHNorwegian Cruise Line Holdings Ltd.$101.82Mreported value+7.8K shares+0.2%TEVATeva Pharmaceutical Industries Limited$94.45Mreported value+399.2K shares+4.1%BABAAlibaba Group Holding Limited$90.20Mreported value+156.3K shares

Reduced positions

AMZNAmazon.com Inc$122.05Mreported value-719 shares-1.9%DXCDxc Technology Co$99.88Mreported value-457.7K shares-13.0%SPLKSplunk Inc.$95.63Mreported value-66.3K shares-9.3%GOOGLAlphabet Inc.$93.59Mreported value-50 shares

Exited positions

REALThe Realreal, Inc.$35.78Mprior reported value-3.08M shares-100.0%RKTRocket Companies, Inc.$12.84Mprior reported value-917.3K shares-100.0%APTSPreferred Apartment Communities Inc$7.15Mprior reported value-396.0K shares-100.0%WESWestern Midstream Partners, LP$5.56Mprior reported value