Bill Miller – Miller Value Partners Portfolio Balances & Equity Value (Jun 30, 2025)

As of Jun 30, 2025, the Miller Value Partners portfolio balances reported a total equity value of $235.66M across 33 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Aug 14, 2025, providing an updated snapshot of assets under management.

The portfolio balances highlight LINCOLN NATL CORP IND (LNC) as the single largest position, accounting for 8.4% of total equity value, followed by BREAD FINANCIAL HOLDINGS INC (BFH), NABORS INDUSTRIES LTD (NBR), GRAY MEDIA INC (GTN), and others. Collectively, the top five holdings represent 37.2% of the portfolio, showing how capital is distributed among core positions and long-term investments.