Bill Miller – Miller Value Partners Options Positions & Derivatives (Jun 30, 2025)
As of Jun 30, 2025, the Miller Value Partners portfolio disclosed options positions in its latest SEC 13F filing reported on Aug 14, 2025. These filings include call and put options tied to underlying equity holdings, providing a deeper look at the fund's use of derivatives for exposure and hedging.
The reported options activity included 229 call contracts and 3 put contracts across companies such as Barclays PLC (BCS), Deutsche Bank (DB), Pitney Bowes Inc. (PBI). Options positions can signal strategies around hedging risk, enhancing leverage, or adjusting portfolio exposure during market shifts.
Miller Value Partners Options Activity
| Date | Symbol | Option | Quantity |
|---|---|---|---|
| Q4 2020 | TAK Takeda Pharmaceutical Company L | CALL | 10,000 |
| Q4 2020 | TEVA Teva Pharmaceutical Industries | CALL | 10,000 |
| Q4 2020 | UBER Uber Technologies, Inc. | CALL | 5,233,500 |
| Q4 2020 | VOD Vodafone Group Plc | CALL | 10,000 |
| Q4 2020 | VTRS Viatris Inc. | CALL | 15,000 |
| Q4 2020 | WBA Walgreens Boots Alliance, Inc. | CALL | 10,000 |
| Q3 2020 | BA Boeing Company (The) | CALL | 2,500 |
| Q3 2020 | C Citigroup, Inc. | CALL | 15,000 |
| Q3 2020 | CVS CVS Health Corporation | CALL | 1,034,500 |
| Q3 2020 | UBER Uber Technologies, Inc. | CALL | 5,432,500 |
| Q4 2019 | PBI Pitney Bowes Inc. | CALL | 1,000,000 |
| Q4 2019 | TEVA Teva Pharmaceutical Industries | CALL | 600,000 |
| Q3 2019 | PBI Pitney Bowes Inc. | CALL | 400,000 |
| Q3 2019 | TEVA Teva Pharmaceutical Industries | CALL | 600,000 |
| Q2 2019 | GNW Genworth Financial Inc | CALL | 1,000,000 |
| Q2 2019 | PBI Pitney Bowes Inc. | CALL | 300,000 |
| Q2 2019 | TEVA Teva Pharmaceutical Industries | CALL | 500,000 |
| Q1 2018 | AAPL Apple Inc. | CALL | 284,600 |
| Q4 2017 | AAPL Apple Inc. | CALL | 512,300 |
| Q4 2017 | MU Micron Technology, Inc. | CALL | 10,000 |
| Q3 2017 | AAPL Apple Inc. | CALL | 626,300 |
| Q3 2017 | FL Foot Locker, Inc. | CALL | 100,000 |
| Q3 2017 | GM General Motors Company | CALL | 2,489,000 |
| Q3 2017 | GME GameStop Corporation | CALL | 100,000 |
| Q3 2017 | MU Micron Technology, Inc. | CALL | 15,000 |
| Q2 2017 | AAPL Apple Inc. | CALL | 1,474,600 |
| Q2 2017 | GNW Genworth Financial Inc | CALL | 2,489,000 |
| Q2 2017 | MU Micron Technology, Inc. | CALL | 25,000 |
| Q1 2017 | AAPL Apple Inc. | CALL | 2,113,600 |
| Q1 2017 | GNW Genworth Financial Inc | CALL | 2,339,000 |