13F filing recap · Q4 2024

What did Miller Value Partners buy in Q4 2024?

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

Stock value

$234.15M

Positions

Estimated turnover

33.6%

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.

Quarter in review

Miller Value Partners opened new positions in Carlyle Group, Atkore, and Semler Scientific. The firm added to Bread Financial, Quad/graphics, Nabors Industries, Lincoln National, USA Today, Jackson Financial, Western Alliance, United Natural Foods, Gray Media, Ugi, Conduent, Bristol-Myers Squibb, Fossil Group, Alliance Resource Partners, American Axle, and Tutor Perini. It trimmed Buckle, Strategy, and Build-A-Bear Workshop.

New positions

CGCarlyle Group Inc.$3.53Mreported value+70.0K shares ATKRAtkore Inc.$3.09Mreported value+37.0K shares SMLRSemler Scientific, Inc.$2.32Mreported value+43.0K shares

Increased positions

BFHBread Financial Holdings, Inc.$18.57Mreported value+45.5K shares+17.6%QUADQuad/graphics, Inc.$17.55Mreported value+634.3K shares+33.7%NBRNabors Industries Ltd$16.08Mreported value+140.2K shares+99.5%LNCLincoln National Corp$15.65Mreported value+110.5K shares

Reduced positions

BKEBuckle, Inc$5.34Mreported value-20.0K shares-16.0%MSTRStrategy Inc$4.42Mreported value-35.0K shares-69.7%BBWBuild-A-Bear Workshop Inc$4.37Mreported value-55.0K shares-36.7%