Miller Value Partners, Llc
- Regulatory AUM
- $418M
- Discretionary
- $403M
- Clients
- 21
- Avg AUM / client
- $19.9M
- Accounts
- 21
- Employees
- 5
AUM over time
Annual snapshots from Form ADV filings · as of Mar 11, 2026
Investments (13F portfolio — 55 positions, $383,178,520)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Nabors Industries Ltd | SHS | $38,247,646 | 444,430 | 9.98% | 9.15% |
| 2 | Crescent Energy Company | CL A COM | $27,042,282 | 2,003,132 | 7.06% | 6.47% |
| 3 | Gray Media Inc | COM | $23,306,234 | 5,370,100 | 6.08% | 5.57% |
| 4 | Lincoln Natl Corp Ind | COM | $20,259,495 | 570,690 | 5.29% | 4.84% |
| 5 | State Str Spdr S&P 500 Etf T | TR UNIT | $19,538,815 | 30,044 | 5.1% | 4.67% |
| 6 | Quad / Graphics Inc | COM CL A | $17,523,368 | 2,651,039 | 4.57% | 4.19% |
| 7 | Bread Financial Holdings Inc | COM | $14,505,968 | 193,697 | 3.79% | 3.47% |
| 8 | Usa Today Co Inc | COM | $13,883,424 | 1,969,280 | 3.62% | 3.32% |
| 9 | Conduent Inc | COM | $12,830,630 | 10,023,930 | 3.35% | 3.07% |
| 10 | United Parcel Svcs Inc | CL B | $11,717,845 | 119,108 | 3.06% | 2.8% |
| 11 | Bloomin Brands Inc | COM | $10,998,364 | 2,036,734 | 2.87% | 2.63% |
| 12 | Fossil Group Inc | COM | $10,452,547 | 2,425,185 | 2.73% | 2.5% |
| 13 | Cto Rlty Growth Inc New | COM | $10,281,420 | 556,053 | 2.68% | 2.46% |
| 14 | Ituran Location And Control | SHS | $9,993,139 | 203,900 | 2.61% | 2.39% |
| 15 | Viatris Inc | COM | $9,884,943 | 731,676 | 2.58% | 2.36% |
| 16 | Chord Energy Corporation | COM NEW | $9,857,339 | 69,330 | 2.57% | 2.36% |
| 17 | Jackson Financial Inc | COM CL A | $8,529,490 | 80,680 | 2.23% | 2.04% |
| 18 | Verizon Communications Inc | COM | $8,433,600 | 168,000 | 2.2% | 2.02% |
| 19 | Dauch Corp | COM | $8,277,717 | 1,395,905 | 2.16% | 1.98% |
| 20 | Jeld Wen Hldg Inc | COM | $8,208,657 | 6,619,885 | 2.14% | 1.96% |
| 21 | Strategy Inc | CL A NEW | $6,496,838 | 52,058 | 1.7% | 1.55% |
| 22 | Alliance Resource Partners L | UT LTD PART | $5,122,328 | 185,256 | 1.34% | 1.22% |
| 23 | Millrose Pptys Inc | COM CL A | $5,062,400 | 180,800 | 1.32% | 1.21% |
| 24 | Cal Maine Foods Inc | COM NEW | $4,907,300 | 62,000 | 1.28% | 1.17% |
| 25 | Arbor Realty Trust Inc | COM | $4,656,840 | 604,000 | 1.22% | 1.11% |
Top 25 of 55 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 14 | $136M | 32.5% |
| Investment companies | 3 | $252M | 60.4% |
| Pooled investment vehicles (non-investment companies) | 1 | $7.4M | 1.76% |
| Other investment advisers | 2 | $20.6M | 4.93% |
| Corporations and other businesses | 1 | $2.0M | 0.49% |
People (5)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Miller, William, Herbert | Trustee | Apr 2017 (9y) | GP / trustee / elected manager of William H. Miller Iii Living Trust Dated April 17, 2017 (indirect) | |
| Anderson, Christopher, Bennett | Chief Compliance Officer | Dec 2022 (4y) | Less than 5% | |
| Farrell, Justin, Thomas | Chief Operating Officer | May 2023 (3y) | Less than 5% | |
| William Herbert Miller | Chairman, Cio & Portfolio Manager | CFA | May 2023 (3y) | Less than 5% |
| Daniel Gerald Lysik | Registered representative | CFA | Aug 2017 (9y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| William H. Miller Iv Revocable Trust Udt July 29, 2014 | Member | May 2023 | A | 75% or more |
| William H. Miller Iii Living Trust Dated April 17, 2017 | Member | Sep 2018 | A | 10% – 25% |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/11/2026 | 1010 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Reported custodians
- Northern Trust $95.9M (23% of AUM) Mar 2026
- Morgan Stanley $28.9M (1% of AUM) Nov 2018
- J.P. Morgan $23.0M (6% of AUM) Mar 2026
- Charles Schwab & Co. $21.3M (1% of AUM) Nov 2018
- Pnc Financial Services Group, Inc. $13.1M (4% of AUM) Jul 2025
- Pnc Bank $7.8M (4% of AUM) Jan 2024
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 11, 2026.
View current Form ADV (SEC/IAPD) ↗