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Miller Value Partners, LLC

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13F filer, CIK 1135778, SARASOTA, FL

Miller Value Partners, LLC reported $283,834,386 across 34 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 59.22% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001135778-26-000003

Period
2025-12-31
Reported value
$284M
Holdings
34
Top 10 weight
59.22%
New
1
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
JELDadded+2,065,370$5.08M
CNDTadded+1,552,560$2.98M
MRPnew+82,800$2.47M
GTNadded+430,280$2.08M
MSTRadded+10,000$1.52M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
BFHreduced-68,595-$5.08M
BKEexited-72,000-$4.22M
NBRreduced-70,358-$3.82M
UNFIreduced-60,820-$2.05M
SEMLER SCIENTIFIC INCexited-53,000-$1.59M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001135778-26-000003, largest first. % of portfolio is the value over $283,834,386, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
NBRNABORS INDUSTRIES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140,965 shares; 2024Q4: 281,195 shares; 2025Q1: 388,745 shares; 2025Q2: 624,100 shares; 2025Q3: 673,095 shares; 2025Q4: 602,737 shares 602,737$32.7M11.53%-70,358Timeline
LNCLINCOLN NATL CORP INDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 383,215 shares; 2024Q4: 493,685 shares; 2025Q1: 519,255 shares; 2025Q2: 569,480 shares; 2025Q3: 520,676 shares; 2025Q4: 504,761 shares 504,761$22.5M7.92%-15,915Timeline
GTNGRAY MEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,458,120 shares; 2024Q4: 3,384,450 shares; 2025Q1: 3,577,790 shares; 2025Q2: 3,647,805 shares; 2025Q3: 3,558,215 shares; 2025Q4: 3,988,495 shares 3,988,495$19.3M6.8%+430,280Timeline
TDAYUSA TODAY CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,371,435 shares; 2024Q4: 2,396,625 shares; 2025Q1: 2,712,815 shares; 2025Q2: 3,284,510 shares; 2025Q3: 3,403,265 shares; 2025Q4: 3,403,345 shares 3,403,345$17.5M6.18%+80Timeline
QUADQUAD / GRAPHICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,883,815 shares; 2024Q4: 2,518,130 shares; 2025Q1: 2,574,225 shares; 2025Q2: 2,710,380 shares; 2025Q3: 2,623,475 shares; 2025Q4: 2,737,890 shares 2,737,890$17.2M6.05%+114,415Timeline
BFHBREAD FINANCIAL HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 258,530 shares; 2024Q4: 304,050 shares; 2025Q1: 309,825 shares; 2025Q2: 327,385 shares; 2025Q3: 270,010 shares; 2025Q4: 201,415 shares 201,415$14.9M5.25%-68,595Timeline
FOSLFOSSIL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,333,200 shares; 2024Q4: 2,571,080 shares; 2025Q1: 2,965,160 shares; 2025Q2: 3,469,727 shares; 2025Q3: 3,326,395 shares; 2025Q4: 3,184,415 shares 3,184,415$12M4.22%-141,980Timeline
DCHDAUCH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 233,640 shares; 2024Q4: 529,590 shares; 2025Q1: 995,690 shares; 2025Q2: 1,439,920 shares; 2025Q3: 1,717,095 shares; 2025Q4: 1,734,780 shares 1,734,780$11.1M3.92%+17,685Timeline
CNDTCONDUENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 900,935 shares; 2024Q4: 1,549,260 shares; 2025Q1: 1,875,380 shares; 2025Q2: 2,755,225 shares; 2025Q3: 4,030,825 shares; 2025Q4: 5,583,385 shares 5,583,385$10.7M3.78%+1,552,560Timeline
JELDJELD-WEN HLDG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 776,425 shares; 2025Q2: 1,874,420 shares; 2025Q3: 2,068,840 shares; 2025Q4: 4,134,210 shares 4,134,210$10.2M3.58%+2,065,370Timeline
UGIUGI CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 202,000 shares; 2024Q4: 292,000 shares; 2025Q1: 292,000 shares; 2025Q2: 292,000 shares; 2025Q3: 262,000 shares; 2025Q4: 262,000 shares 262,000$9.81M3.46%0Timeline
ITRNITURAN LOCATION AND CONTROLQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 215,000 shares; 2025Q4: 215,000 shares 215,000$9.25M3.26%0Timeline
JXNJACKSON FINANCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 130,335 shares; 2024Q4: 137,370 shares; 2025Q1: 120,950 shares; 2025Q2: 124,995 shares; 2025Q3: 93,825 shares; 2025Q4: 86,150 shares 86,150$9.19M3.24%-7,675Timeline
UPSUNITED PARCEL SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 86,600 shares; 2025Q4: 86,600 shares 86,600$8.59M3.03%0Timeline
VZVERIZON COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 198,000 shares; 2025Q2: 198,000 shares; 2025Q3: 198,000 shares; 2025Q4: 198,000 shares 198,000$8.06M2.84%0Timeline
CTOCTO RLTY GROWTH INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 383,900 shares; 2024Q4: 383,900 shares; 2025Q1: 383,900 shares; 2025Q2: 399,145 shares; 2025Q3: 429,145 shares; 2025Q4: 434,145 shares 434,145$7.99M2.82%+5,000Timeline
VTRSVIATRIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 619,000 shares; 2024Q4: 619,000 shares; 2025Q1: 619,000 shares; 2025Q2: 619,000 shares; 2025Q3: 619,000 shares; 2025Q4: 619,000 shares 619,000$7.71M2.72%0Timeline
BMYBRISTOL-MYERS SQUIBB COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,000 shares; 2024Q4: 108,000 shares; 2025Q1: 108,000 shares; 2025Q2: 108,000 shares; 2025Q3: 108,000 shares; 2025Q4: 108,000 shares 108,000$5.83M2.05%0Timeline
OMFONEMAIN HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 149,000 shares; 2024Q4: 149,000 shares; 2025Q1: 149,000 shares; 2025Q2: 149,000 shares; 2025Q3: 91,941 shares; 2025Q4: 82,941 shares 82,941$5.6M1.97%-9,000Timeline
WALWESTERN ALLIANCE BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 132,945 shares; 2024Q4: 141,110 shares; 2025Q1: 83,455 shares; 2025Q2: 83,455 shares; 2025Q3: 63,455 shares; 2025Q4: 64,455 shares 64,455$5.42M1.91%+1,000Timeline
CHRDCHORD ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 52,766 shares; 2024Q4: 52,766 shares; 2025Q1: 52,766 shares; 2025Q2: 52,766 shares; 2025Q3: 52,766 shares; 2025Q4: 57,766 shares 57,766$5.35M1.89%+5,000Timeline
CALMCAL MAINE FOODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 62,000 shares; 2025Q4: 62,000 shares 62,000$4.93M1.74%0Timeline
BBWBUILD-A-BEAR WORKSHOP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 150,000 shares; 2024Q4: 95,000 shares; 2025Q1: 100,000 shares; 2025Q2: 105,000 shares; 2025Q3: 98,000 shares; 2025Q4: 78,000 shares 78,000$4.78M1.68%-20,000Timeline
STLASTELLANTIS N.VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 390,000 shares; 2024Q4: 390,000 shares; 2025Q1: 390,000 shares; 2025Q2: 390,000 shares; 2025Q3: 390,000 shares; 2025Q4: 429,000 shares 429,000$4.67M1.65%+39,000Timeline
MSTRSTRATEGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 50,250 shares; 2024Q4: 15,250 shares; 2025Q1: 15,250 shares; 2025Q2: 15,250 shares; 2025Q3: 15,250 shares; 2025Q4: 25,250 shares 25,250$3.84M1.35%+10,000Timeline
ARLPALLIANCE RESOURCE PARTNERS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 117,000 shares; 2024Q4: 127,000 shares; 2025Q1: 127,000 shares; 2025Q2: 127,000 shares; 2025Q3: 127,000 shares; 2025Q4: 132,000 shares 132,000$3.07M1.08%+5,000Timeline
BCCBOISE CASCADE CO DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,000 shares; 2024Q4: 40,000 shares; 2025Q1: 40,000 shares; 2025Q2: 40,000 shares; 2025Q3: 37,000 shares; 2025Q4: 37,000 shares 37,000$2.72M0.96%0Timeline
MRPMILLROSE PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 82,800 shares 82,800$2.47M0.87%newTimeline
CGCARLYLE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 70,000 shares; 2025Q1: 70,000 shares; 2025Q2: 70,000 shares; 2025Q3: 40,000 shares; 2025Q4: 40,000 shares 40,000$2.36M0.83%0Timeline
LYBLYONDELLBASELL INDUSTRIES NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 38,000 shares; 2025Q2: 38,000 shares; 2025Q3: 38,000 shares; 2025Q4: 38,000 shares 38,000$1.65M0.58%0Timeline
UPBDUPBOUND GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 20,000 shares; 2025Q4: 70,000 shares 70,000$1.23M0.43%+50,000Timeline
TPCTUTOR PERINI CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 54,800 shares; 2024Q4: 76,040 shares; 2025Q1: 90,570 shares; 2025Q2: 12,910 shares; 2025Q3: 6,815 shares; 2025Q4: 6,815 shares 6,815$457K0.16%0Timeline
UNFIUNITED NAT FOODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 271,115 shares; 2024Q4: 412,500 shares; 2025Q1: 188,955 shares; 2025Q2: 137,405 shares; 2025Q3: 73,445 shares; 2025Q4: 12,625 shares 12,625$425K0.15%-60,820Timeline
FTITECHNIPFMC PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,185 shares; 2024Q4: 8,185 shares; 2025Q1: 8,185 shares; 2025Q2: 8,115 shares; 2025Q3: 7,510 shares; 2025Q4: 7,510 shares 7,510$335K0.12%0Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
BKEBUCKLE INC72,000$4.22Mshares
SEMLER SCIENTIFIC INCSEMLER SCIENTIFIC INC53,000$1.59Mshares
TOTALENERGIES SE -SPON ADRTOTALENERGIES SE -SPON ADR7,650$457Kshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001135778-26-000003 base2026-02-17acceptance time not in the bulk data set