13F filing recap · Q3 2024

What did Miller Value Partners buy in Q3 2024?

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

Stock value

$177.15M

Positions

Estimated turnover

21.2%

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.

Quarter in review

Miller Value Partners opened new positions in Strategy Inc and Totalenergies SE. The firm added to Nabors Industries, Gray Media, and Build-A-Bear Workshop, while trimming Jackson Financial, Cto Realty Growth, and Tutor Perini. Other notable increases included Lincoln National, Quad/graphics, and United Natural Foods, with decreases in AT&T, Western Alliance Bancorporation, and Buckle.

New positions

MSTRStrategy Inc$8.47Mreported value+50.3K shares TTETotalenergies SE$494.3Kreported value+7.7K shares

Increased positions

BFHBread Financial Holdings, Inc.$12.30Mreported value+3.7K shares+1.5%LNCLincoln National Corp$12.08Mreported value+53.4K shares+16.2%NBRNabors Industries Ltd$9.09Mreported value+37.3K shares+36.0%QUADQuad/graphics, Inc.$8.55Mreported value+436.8K shares

Reduced positions

JXNJackson Financial Inc.$11.89Mreported value-15.5K shares-10.6%TAT&T Inc.$11.73Mreported value-55.0K shares-9.4%WALWestern Alliance Bancorporation$11.50Mreported value-9.2K shares-6.4%TDAYUSA Today Co., Inc.$7.71Mreported value-151.7K shares