MILLER INVESTMENT MANAGEMENT, LP

Filed: 2/13/2025ACC: 0001407382-25-000003

📋 What this filing means

MILLER INVESTMENT MANAGEMENT, LP filed this quarterly 13F‑HR report disclosing 100 equity positions with a total reported market value of $913.60M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

100

Positions

$913.60M

Total AUM (reported)

6.52M

Total Shares

Allocation by class

TR UNIT$186.09M20.4%

COM$121.43M13.3%

BLOOMBERG 3-12 M$109.30M12.0%

CL B NEW$76.21M8.3%

MSCI EAFE ETF$62.80M6.9%

SHORT TERM TREAS$59.46M6.5%

CL A$52.95M5.8%

Portfolio Concentration

Top 3$371.60M40.7%

4–10$252.07M27.6%

11–25$189.92M20.8%

Rest$100.02M10.9%

Top 3 weight

40.7%

Top 10 weight

68.3%

Voting Authority Distribution

Total shares with voting rights: 6.52M

Sole

Full voting authority

160.70K

% of voting shares2.5%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

6.36M

% of voting shares97.5%

Investment Discretion (by position count)

Sole100

Shared0

Other0

Dominant voting typeNone · 97.5% of voting shares

Institutional Holdings100

Rows:

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares317.51K

TypeSH

Market value$186.09M

20.37%

Sole

6.54K

Shared

0.00

None

310.97K

SPDR SER TR

SOLE

BLOOMBERG 3-12 M

Shares1.10M

TypeSH

Market value$109.30M

11.96%

Sole

27.68K

Shared

0.00

None

1.07M

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares168.12K

TypeSH

Market value$76.21M

8.34%

Sole

4.76K

Shared

0.00

None

163.37K

ISHARES TR

SOLE

MSCI EAFE ETF

Shares830.62K

TypeSH

Market value$62.80M

6.87%

Sole

21.56K

Shared

0.00

None

809.05K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares1.02M

TypeSH

Market value$59.46M

6.51%

Sole

23.24K

Shared

0.00

None

998.81K

META PLATFORMS INC

SOLE

CL A

Shares61.82K

TypeSH

Market value$36.20M

3.96%

Sole

1.14K

Shared

0.00

None

60.68K

VANECK VECTORS ETF TR

SOLE

SEMICONDUCTOR ET

Shares119.08K

TypeSH

Market value$28.84M

3.16%

Sole

4.96K

Shared

0.00

None

114.13K

ISHARES INC

SOLE

MSCI JPN ETF NEW

Shares380.96K

TypeSH

Market value$25.56M

2.80%

Sole

7.33K

Shared

0.00

None

373.63K

ISHARES TR

SOLE

RUS MID CAP ETF

Shares230.41K

TypeSH

Market value$20.37M

2.23%

Sole

5.13K

Shared

0.00

None

225.27K

SELECT SECTOR SPDR TR

SOLE

COMMUNICATION

Shares194.54K

TypeSH

Market value$18.83M

2.06%

Sole

4.02K

Shared

0.00

None

190.52K

SELECT SECTOR SPDR TR

SOLE

SBI HEALTHCARE

Shares125.03K

TypeSH

Market value$17.20M

1.88%

Sole

3.50K

Shared

0.00

None

121.52K

ALPHABET INC

SOLE

CAP STK CL A

Shares87.31K

TypeSH

Market value$16.53M

1.81%

Sole

2.03K

Shared

0.00

None

85.28K

VANECK ETF TRUST

SOLE

PHARMACEUTCL ETF

Shares190.01K

TypeSH

Market value$16.39M

1.79%

Sole

6.33K

Shared

0.00

None

183.69K

VANGUARD INDEX FDS

SOLE

LARGE CAP ETF

Shares59.14K

TypeSH

Market value$15.95M

1.75%

Sole

268.00

Shared

0.00

None

58.87K

FIRST TR NASDAQ 100 TECH IND

SOLE

SHS

Shares83.20K

TypeSH

Market value$15.66M

1.71%

Sole

2.20K

Shared

0.00

None

81K

VANECK ETF TRUST

SOLE

BIOTECH ETF

Shares92.20K

TypeSH

Market value$14.47M

1.58%

Sole

3.46K

Shared

0.00

None

88.74K

MICROSOFT CORPORATION

SOLE

COM

Shares33.93K

TypeSH

Market value$14.30M

1.57%

Sole

637.00

Shared

0.00

None

33.29K

LENNAR CORP

SOLE

CL A

Shares99.52K

TypeSH

Market value$13.57M

1.49%

Sole

2.93K

Shared

0.00

None

96.59K

NVR INC

SOLE

COM

Shares1.59K

TypeSH

Market value$12.99M

1.42%

Sole

41.00

Shared

0.00

None

1.55K

D R HORTON INC

SOLE

COM

Shares87.73K

TypeSH

Market value$12.27M

1.34%

Sole

2.65K

Shared

0.00

None

85.08K

ISHARES TR

SOLE

ISHARES BIOTECH

Shares82.44K

TypeSH

Market value$10.90M

1.19%

Sole

0.00

Shared

0.00

None

82.44K

AMAZON COM INC

SOLE

COM

Shares48.95K

TypeSH

Market value$10.74M

1.18%

Sole

1.18K

Shared

0.00

None

47.78K

UNITED RENTALS INC

SOLE

COM

Shares12.45K

TypeSH

Market value$8.77M

0.96%

Sole

0.00

Shared

0.00

None

12.45K

SELECT SECTOR SPDR TR

SOLE

SBI MATERIALS

Shares65.44K

TypeSH

Market value$5.51M

0.60%

Sole

10.98K

Shared

0.00

None

54.46K

VANGUARD SPECIALIZED FUNDS

SOLE

DIV APP ETF

Shares23.83K

TypeSH

Market value$4.67M

0.51%

Sole

0.00

Shared

0.00

None

23.83K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
SPDR S&P 500 ETF TRSOLE	TR UNIT	317.51K	SH	$186.09M 20.37%	6.54K	310.97K
SPDR SER TRSOLE	BLOOMBERG 3-12 M	1.10M	SH	$109.30M 11.96%	27.68K	1.07M
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	168.12K	SH	$76.21M 8.34%	4.76K	163.37K
ISHARES TRSOLE	MSCI EAFE ETF	830.62K	SH	$62.80M 6.87%	21.56K	809.05K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	1.02M	SH	$59.46M 6.51%	23.24K	998.81K
META PLATFORMS INCSOLE	CL A	61.82K	SH	$36.20M 3.96%	1.14K	60.68K
VANECK VECTORS ETF TRSOLE	SEMICONDUCTOR ET	119.08K	SH	$28.84M 3.16%	4.96K	114.13K
ISHARES INCSOLE	MSCI JPN ETF NEW	380.96K	SH	$25.56M 2.80%	7.33K	373.63K
ISHARES TRSOLE	RUS MID CAP ETF	230.41K	SH	$20.37M 2.23%	5.13K	225.27K
SELECT SECTOR SPDR TRSOLE	COMMUNICATION	194.54K	SH	$18.83M 2.06%	4.02K	190.52K
SELECT SECTOR SPDR TRSOLE	SBI HEALTHCARE	125.03K	SH	$17.20M 1.88%	3.50K	121.52K
ALPHABET INCSOLE	CAP STK CL A	87.31K	SH	$16.53M 1.81%	2.03K	85.28K
VANECK ETF TRUSTSOLE	PHARMACEUTCL ETF	190.01K	SH	$16.39M 1.79%	6.33K	183.69K
VANGUARD INDEX FDSSOLE	LARGE CAP ETF	59.14K	SH	$15.95M 1.75%	268.00	58.87K
FIRST TR NASDAQ 100 TECH INDSOLE	SHS	83.20K	SH	$15.66M 1.71%	2.20K	81K
VANECK ETF TRUSTSOLE	BIOTECH ETF	92.20K	SH	$14.47M 1.58%	3.46K	88.74K
MICROSOFT CORPORATIONSOLE	COM	33.93K	SH	$14.30M 1.57%	637.00	33.29K
LENNAR CORPSOLE	CL A	99.52K	SH	$13.57M 1.49%	2.93K	96.59K
NVR INCSOLE	COM	1.59K	SH	$12.99M 1.42%	41.00	1.55K
D R HORTON INCSOLE	COM	87.73K	SH	$12.27M 1.34%	2.65K	85.08K
ISHARES TRSOLE	ISHARES BIOTECH	82.44K	SH	$10.90M 1.19%	0.00	82.44K
AMAZON COM INCSOLE	COM	48.95K	SH	$10.74M 1.18%	1.18K	47.78K
UNITED RENTALS INCSOLE	COM	12.45K	SH	$8.77M 0.96%	0.00	12.45K
SELECT SECTOR SPDR TRSOLE	SBI MATERIALS	65.44K	SH	$5.51M 0.60%	10.98K	54.46K
VANGUARD SPECIALIZED FUNDSSOLE	DIV APP ETF	23.83K	SH	$4.67M 0.51%	0.00	23.83K

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