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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q1 | Apr 25, 2024 | Miller Value Partners Income Strategy | 11.7% | 11.7% | BFH, BKE, CHRD, CTO, JXN, LNC, MED, MPW, OMF, STLA, T, UGI, VTRS, WAL | Concentration, crypto, dividends, energy, flexibility, high yield, income, value | The portfolio added UGI Corp, a dividend aristocrat that has paid shareholders a dividend for 139 consecutive years and looks poised to boost its dividend for the 37th consecutive year. At current prices, UGI trades at its lowest price/earnings multiple in history despite sporting a 6% yield with a plan to grow earnings power at a high single-digit rate. | LNC UGI CHRD |
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| 2023 Q4 | Oct 1, 2024 | Miller Value Partners Income Strategy | 11.7% | 11.7% | BCC, BKE, JXN, MED, OGN, RILY, WAL | dividends, high yield, rates, Regional Banks, value | The letter discusses the significant outperformance of long-dated US government bonds in Q4 2023, with TLT up 12.9%, marking the fifth-best calendar quarter in twenty years. This occurred without coinciding equity market drawdowns, suggesting a potential turning point in market psychology around inflation persistence. Fed officials are now discussing rate cuts and slowing balance sheet asset sales. | JXN BKE WAL |
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| 2023 Q4 | Jan 19, 2024 | Miller Value Partners Deep Value Strategies | 4.6% | 20.1% | BCC, BKE, JXN, MED, OGN, RILY, WAL | dividends, high yield, income, interest rates, Regional Banks, value | Western Alliance Bancorp was the top contributor with strong deposit growth and capital ratios. The bank reported deposits rising 6.5% sequentially to $54.3B with 82% insured and collateralized, while CET1 ratio expanded to 10.6%. | BCC JXN BKE WAL |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 28, 2026 | Fund Letters | Miller Value Partners Deep Value Strategies | The Buckle | Consumer Discretionary | Specialty Retail | Bull | NYSE | Apparel, cash generation, Consumer Discretionary, dividend yield, Free Cash Flow, Specialty retail | View Pitch |
| Apr 28, 2026 | Fund Letters | Miller Value Partners Income Strategy | The Buckle | Consumer Discretionary | Specialty Retail | Bull | NYSE | Apparel, cash generation, dividend yield, Free Cash Flow, Special dividend, Specialty retail | View Pitch |
| Manager Name | Fund Name | Fund AUM | Invested Value | Portfolio Weight | Shares Owned | Shares Bought / Sold During Quarter | % Bought / Sold During Quarter | % of Shares Outstanding Owned |
|---|---|---|---|---|---|---|---|---|
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $8.0M | 0.02% | 150,189 | +118,183 | +369.25% | 0.2943% |
| Lee Ainslie | Maverick Capital | $9.3B | $3.3M | 0.04% | 61,083 | -41,581 | -40.50% | 0.1197% |
| Israel Englander | Millennium Management LLC | $233.2B | $2.7M | 0.00% | 50,148 | -41,394 | -45.22% | 0.0983% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $11.3M | 0.02% | 211,694 | -30,816 | -12.71% | 0.4148% |
| Cliff Asness | AQR Capital Management | $190.6B | $11.0M | 0.01% | 206,288 | +12,423 | +6.41% | 0.4042% |
| Rich Handler | Jefferies | $19.3B | $1.0M | 0.01% | 18,777 | +8,517 | +83.01% | 0.0368% |