Miller Investment Management, LP
SEC Form 13F institutional filer · CIK 0001407382
13F-HR · 63 reported holdings · 2026-03-31
Reported long-US-equity value
$0.49B
Top-10 concentration
86.1%
Miller Investment Management, LP — $493M AUM allocation strategy
Miller Investment Management, LP files SEC Form 13F and reports $493M of long US equity value across 63 reported holdings for 2026-03-31.
Its largest sector bet is Financials 16.2%, followed by Communication Services 11.9% and Information Technology 3.2%.
The top 10 holdings account for 86% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Miller Investment Management, LP — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$493M
total across 63 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
86% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$XLV +4.59K sh · −$951K+$DIS +2.67K sh · +$160K+$ORCL +1.67K sh · −$275K
Biggest trims (shares)
−$IWM −6.29K sh · −$402K−$QTOP −2.35K sh · −$394K−$MCD −1.17K sh · −$350K
Exited to nil (held last quarter, gone now)
$DHI ($12.4M last qtr)$NVR ($11.5M last qtr)$LEN ($9.94M last qtr)$WMT ($3.41M last qtr)$QCOM ($248K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Multi-Sector Holdings15.0%—
- Interactive Media & Services11.9%—
- Systems Software2.7%—
- Broadline Retail2.2%—
- Trading Companies & Distributors1.8%—
- Diversified Banks1.2%—
- Health Care Distributors1.0%—
- Pharmaceuticals0.6%—
- Other holdings63.5%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
6 of 6 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $BRK.B | Berkshire Hathaway Inc.-Class B | 154K | $73.9M | +228 | 15.0% |
| $META | Meta Platforms Inc | 57.9K | $33.1M | +1.28K | 6.7% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 88K | $25.3M | +591 | 5.1% |
| $MSFT | Microsoft Corporation | 36K | $13.3M | +1.27K | 2.7% |
| $AMZN | Amazon.com Inc | 52.5K | $10.9M | +692 | 2.2% |
| $URI | United Rentals Inc | 11.7K | $8.53M | +0 | 1.7% |
…and 57 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
Newsletter signup
Free subscription. Daily trading day morning dispatch. No spam.