Bill Miller - Miller Value Partners Portfolio Balances (Sep 30, 2025)

As of Sep 30, 2025, the Miller Value Partners portfolio balances reported a total equity value of $272.16M across 36 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Nov 14, 2025, providing an updated snapshot of assets under management.

The portfolio balances highlight NABORS INDUSTRIES LTD (NBR) as the single largest position, accounting for 10.1% of total equity value, followed by LINCOLN NATL CORP IND (LNC), GRAY MEDIA INC (GTN), QUAD / GRAPHICS INC (QUAD), and others. Collectively, the top five holdings represent 36.9% of the portfolio, showing how capital is distributed among core positions and long-term investments.