MILLER INVESTMENT MANAGEMENT, LP

Filed: 5/7/2025ACC: 0001407382-25-000005

📋 What this filing means

MILLER INVESTMENT MANAGEMENT, LP filed this quarterly 13F‑HR report disclosing 97 equity positions with a total reported market value of $903.96M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$903.96M

Total AUM (reported)

6.48M

Total Shares

Allocation by class

TR UNIT$177.20M19.6%

COM$116.34M12.9%

BLOOMBERG 3-12 M$110.21M12.2%

CL B NEW$88.78M9.8%

MSCI EAFE ETF$67.81M7.5%

SHORT TERM TREAS$60.16M6.7%

CL A$49.75M5.5%

Portfolio Concentration

Top 3$376.18M41.6%

4–10$252.84M28.0%

11–25$177.25M19.6%

Rest$97.69M10.8%

Top 3 weight

41.6%

Top 10 weight

69.6%

Voting Authority Distribution

Total shares with voting rights: 6.48M

Sole

Full voting authority

144.66K

% of voting shares2.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

6.34M

% of voting shares97.8%

Investment Discretion (by position count)

Sole97

Shared0

Other0

Dominant voting typeNone · 97.8% of voting shares

Institutional Holdings97

Rows:

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares316.77K

TypeSH

Market value$177.20M

19.60%

Sole

6.54K

Shared

0.00

None

310.24K

SPDR SER TR

SOLE

BLOOMBERG 3-12 M

Shares1.11M

TypeSH

Market value$110.21M

12.19%

Sole

27.68K

Shared

0.00

None

1.08M

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares166.69K

TypeSH

Market value$88.78M

9.82%

Sole

5.32K

Shared

0.00

None

161.38K

ISHARES TR

SOLE

MSCI EAFE ETF

Shares829.70K

TypeSH

Market value$67.81M

7.50%

Sole

21.56K

Shared

0.00

None

808.14K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares1.03M

TypeSH

Market value$60.16M

6.66%

Sole

23.24K

Shared

0.00

None

META PLATFORMS INC

SOLE

CL A

Shares61.43K

TypeSH

Market value$35.41M

3.92%

Sole

2.45K

Shared

0.00

None

58.98K

ISHARES INC

SOLE

MSCI JPN ETF NEW

Shares380.15K

TypeSH

Market value$26.06M

2.88%

Sole

7.33K

Shared

0.00

None

372.81K

VANECK VECTORS ETF TR

SOLE

SEMICONDUCTOR ET

Shares118.91K

TypeSH

Market value$25.15M

2.78%

Sole

4.11K

Shared

0.00

None

114.80K

ISHARES TR

SOLE

RUS MID CAP ETF

Shares229.51K

TypeSH

Market value$19.52M

2.16%

Sole

5.13K

Shared

0.00

None

224.37K

SELECT SECTOR SPDR TR

SOLE

COMMUNICATION

Shares194.15K

TypeSH

Market value$18.73M

2.07%

Sole

4.02K

Shared

0.00

None

190.13K

SELECT SECTOR SPDR TR

SOLE

SBI HEALTHCARE

Shares125.04K

TypeSH

Market value$18.26M

2.02%

Sole

3.50K

Shared

0.00

None

121.53K

VANECK ETF TRUST

SOLE

PHARMACEUTCL ETF

Shares189.63K

TypeSH

Market value$17.28M

1.91%

Sole

6.33K

Shared

0.00

None

183.31K

VANGUARD INDEX FDS

SOLE

LARGE CAP ETF

Shares59.18K

TypeSH

Market value$15.21M

1.68%

Sole

268.00

Shared

0.00

None

58.91K

VANECK ETF TRUST

SOLE

BIOTECH ETF

Shares91.81K

TypeSH

Market value$14.44M

1.60%

Sole

3.46K

Shared

0.00

None

88.35K

FIRST TR NASDAQ 100 TECH IND

SOLE

SHS

Shares82.82K

TypeSH

Market value$14.37M

1.59%

Sole

2.20K

Shared

0.00

None

80.62K

ALPHABET INC

SOLE

CAP STK CL A

Shares91.38K

TypeSH

Market value$14.13M

1.56%

Sole

6.14K

Shared

0.00

None

85.24K

MICROSOFT CORPORATION

SOLE

COM

Shares33.67K

TypeSH

Market value$12.64M

1.40%

Sole

637.00

Shared

0.00

None

33.03K

NVR INC

SOLE

COM

Shares1.59K

TypeSH

Market value$11.49M

1.27%

Sole

41.00

Shared

0.00

None

1.54K

LENNAR CORP

SOLE

CL A

Shares99.42K

TypeSH

Market value$11.41M

1.26%

Sole

2.93K

Shared

0.00

None

96.49K

D R HORTON INC

SOLE

COM

Shares87.54K

TypeSH

Market value$11.13M

1.23%

Sole

2.65K

Shared

0.00

None

84.89K

ISHARES TR

SOLE

ISHARES BIOTECH

Shares82.06K

TypeSH

Market value$10.50M

1.16%

Sole

0.00

Shared

0.00

None

82.06K

AMAZON COM INC

SOLE

COM

Shares48.92K

TypeSH

Market value$9.31M

1.03%

Sole

1.18K

Shared

0.00

None

47.74K

UNITED RENTALS INC

SOLE

COM

Shares12.41K

TypeSH

Market value$7.78M

0.86%

Sole

0.00

Shared

0.00

None

12.41K

SELECT SECTOR SPDR TR

SOLE

SBI MATERIALS

Shares54.16K

TypeSH

Market value$4.66M

0.52%

Sole

0.00

Shared

0.00

None

54.16K

JPMORGAN CHASE & CO

SOLE

COM

Shares18.93K

TypeSH

Market value$4.64M

0.51%

Sole

0.00

Shared

0.00

None

18.93K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
SPDR S&P 500 ETF TRSOLE	TR UNIT	316.77K	SH	$177.20M 19.60%	6.54K	310.24K
SPDR SER TRSOLE	BLOOMBERG 3-12 M	1.11M	SH	$110.21M 12.19%	27.68K	1.08M
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	166.69K	SH	$88.78M 9.82%	5.32K	161.38K
ISHARES TRSOLE	MSCI EAFE ETF	829.70K	SH	$67.81M 7.50%	21.56K	808.14K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	1.03M	SH	$60.16M 6.66%	23.24K	1M
META PLATFORMS INCSOLE	CL A	61.43K	SH	$35.41M 3.92%	2.45K	58.98K
ISHARES INCSOLE	MSCI JPN ETF NEW	380.15K	SH	$26.06M 2.88%	7.33K	372.81K
VANECK VECTORS ETF TRSOLE	SEMICONDUCTOR ET	118.91K	SH	$25.15M 2.78%	4.11K	114.80K
ISHARES TRSOLE	RUS MID CAP ETF	229.51K	SH	$19.52M 2.16%	5.13K	224.37K
SELECT SECTOR SPDR TRSOLE	COMMUNICATION	194.15K	SH	$18.73M 2.07%	4.02K	190.13K
SELECT SECTOR SPDR TRSOLE	SBI HEALTHCARE	125.04K	SH	$18.26M 2.02%	3.50K	121.53K
VANECK ETF TRUSTSOLE	PHARMACEUTCL ETF	189.63K	SH	$17.28M 1.91%	6.33K	183.31K
VANGUARD INDEX FDSSOLE	LARGE CAP ETF	59.18K	SH	$15.21M 1.68%	268.00	58.91K
VANECK ETF TRUSTSOLE	BIOTECH ETF	91.81K	SH	$14.44M 1.60%	3.46K	88.35K
FIRST TR NASDAQ 100 TECH INDSOLE	SHS	82.82K	SH	$14.37M 1.59%	2.20K	80.62K
ALPHABET INCSOLE	CAP STK CL A	91.38K	SH	$14.13M 1.56%	6.14K	85.24K
MICROSOFT CORPORATIONSOLE	COM	33.67K	SH	$12.64M 1.40%	637.00	33.03K
NVR INCSOLE	COM	1.59K	SH	$11.49M 1.27%	41.00	1.54K
LENNAR CORPSOLE	CL A	99.42K	SH	$11.41M 1.26%	2.93K	96.49K
D R HORTON INCSOLE	COM	87.54K	SH	$11.13M 1.23%	2.65K	84.89K
ISHARES TRSOLE	ISHARES BIOTECH	82.06K	SH	$10.50M 1.16%	0.00	82.06K
AMAZON COM INCSOLE	COM	48.92K	SH	$9.31M 1.03%	1.18K	47.74K
UNITED RENTALS INCSOLE	COM	12.41K	SH	$7.78M 0.86%	0.00	12.41K
SELECT SECTOR SPDR TRSOLE	SBI MATERIALS	54.16K	SH	$4.66M 0.52%	0.00	54.16K
JPMORGAN CHASE & COSOLE	COM	18.93K	SH	$4.64M 0.51%	0.00	18.93K

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