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Bill Miller - Miller Value Partners – Largest Position Reductions (2025 Q3)

This report summarizes the most meaningful reductions and sell-offs made by Bill Miller - Miller Value Partners in 2025 Q3. The analysis highlights which positions were trimmed or exited, providing insight into how the investor adjusted risk exposure and portfolio strategy.

Symbol Shares Reported Price(USD) Action Change % Portfolio Weight Position Value Filing Period
LNC 520,676 $40.33 Reduced -8.57% 7.72% $21M 2025 Q3
GTN 3,558,215 $5.78 Reduced -2.46% 7.56% $20.57M 2025 Q3
QUAD 2,623,475 $6.26 Reduced -3.21% 6.04% $16.42M 2025 Q3
BFH 270,010 $55.77 Reduced -17.53% 5.54% $15.06M 2025 Q3
JXN 93,825 $101.23 Reduced -24.94% 3.49% $9.5M 2025 Q3
UGI 262,000 $33.26 Reduced -10.27% 3.20% $8.71M 2025 Q3
FOSL 3,326,395 $2.57 Reduced -4.13% 3.14% $8.55M 2025 Q3
BBW 98,000 $65.21 Reduced -6.67% 2.35% $6.39M 2025 Q3
WAL 63,455 $86.72 Reduced -23.97% 2.02% $5.5M 2025 Q3
OMF 91,941 $56.46 Reduced -38.29% 1.91% $5.19M 2025 Q3
BKE 72,000 $58.67 Reduced -31.43% 1.55% $4.22M 2025 Q3
BCC 37,000 $77.32 Reduced -7.50% 1.05% $2.86M 2025 Q3
UNFI 73,445 $37.62 Reduced -46.55% 1.02% $2.76M 2025 Q3
CG 40,000 $62.7 Reduced -42.86% 0.92% $2.51M 2025 Q3
TPC 6,815 $65.59 Reduced -47.21% 0.16% $447K 2025 Q3
FTI 7,510 $39.41 Reduced -7.46% 0.11% $295.97K 2025 Q3
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