MILLER INVESTMENT MANAGEMENT, LP

Filed: 2/11/2026ACC: 0001407382-26-000002

📋 What this filing means

MILLER INVESTMENT MANAGEMENT, LP filed this quarterly 13F‑HR report disclosing 89 equity positions with a total reported market value of $1.02B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$1.02B

Total AUM (reported)

7.51M

Total Shares

Allocation by class

TR UNIT$198.41M19.4%

COM$117.33M11.5%

BLOOMBERG 3-12 M$100.12M9.8%

SHORT TERM TREAS$87.12M8.5%

CL B NEW$77.44M7.6%

INTER TERM TREAS$71.37M7.0%

MSCI EAFE ETF$68.75M6.7%

Portfolio Concentration

Top 3$385.65M37.7%

4–10$348.35M34.0%

11–25$210.83M20.6%

Rest$79.08M7.7%

Top 3 weight

37.7%

Top 10 weight

71.7%

Voting Authority Distribution

Total shares with voting rights: 7.51M

Sole

Full voting authority

153.42K

% of voting shares2.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

7.35M

% of voting shares98.0%

Investment Discretion (by position count)

Sole89

Shared0

Other0

Dominant voting typeNone · 98.0% of voting shares

Institutional Holdings89

Rows:

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares290.95K

TypeSH

Market value$198.41M

19.38%

Sole

0.00

Shared

0.00

None

290.95K

SPDR SER TR

SOLE

BLOOMBERG 3-12 M

Shares1.01M

TypeSH

Market value$100.12M

9.78%

Sole

0.00

Shared

0.00

None

1.01M

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares1.48M

TypeSH

Market value$87.12M

8.51%

Sole

0.00

Shared

0.00

None

1.48M

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares154.07K

TypeSH

Market value$77.44M

7.56%

Sole

2.13K

Shared

0.00

None

151.94K

VANGUARD SCOTTSDALE FDS

SOLE

INTER TERM TREAS

Shares1.19M

TypeSH

Market value$71.37M

6.97%

Sole

0.00

Shared

0.00

None

1.19M

ISHARES TR

SOLE

MSCI EAFE ETF

Shares715.96K

TypeSH

Market value$68.75M

6.71%

Sole

0.00

Shared

0.00

None

715.96K

META PLATFORMS INC

SOLE

CL A

Shares56.59K

TypeSH

Market value$37.36M

3.65%

Sole

1.31K

Shared

0.00

None

55.28K

VANECK VECTORS ETF TR

SOLE

SEMICONDUCTOR ET

Shares96.64K

TypeSH

Market value$34.80M

3.40%

Sole

1.36K

Shared

0.00

None

95.28K

SELECT SECTOR SPDR TR

SOLE

SBI HEALTHCARE

Shares198.32K

TypeSH

Market value$30.70M

3.00%

Sole

0.00

Shared

0.00

None

198.32K

ISHARES INC

SOLE

MSCI JPN ETF NEW

Shares345.72K

TypeSH

Market value$27.91M

2.73%

Sole

0.00

Shared

0.00

None

345.72K

ALPHABET INC

SOLE

CAP STK CL A

Shares87.37K

TypeSH

Market value$27.35M

2.67%

Sole

4.11K

Shared

0.00

None

83.26K

SELECT SECTOR SPDR TR

SOLE

COMMUNICATION

Shares168.97K

TypeSH

Market value$19.89M

1.94%

Sole

0.00

Shared

0.00

None

168.97K

VANGUARD INDEX FDS

SOLE

LARGE CAP ETF

Shares62.85K

TypeSH

Market value$19.79M

1.93%

Sole

0.00

Shared

0.00

None

62.85K

ISHARES TR

SOLE

RUS MID CAP ETF

Shares194.56K

TypeSH

Market value$18.73M

1.83%

Sole

0.00

Shared

0.00

None

194.56K

MICROSOFT CORPORATION

SOLE

COM

Shares34.76K

TypeSH

Market value$16.81M

1.64%

Sole

0.00

Shared

0.00

None

34.76K

VANECK ETF TRUST

SOLE

PHARMACEUTCL ETF

Shares152.94K

TypeSH

Market value$15.78M

1.54%

Sole

0.00

Shared

0.00

None

152.94K

VANGUARD INSTL INDEX FD

SOLE

0-3 MO TREAS BIL

Shares180.90K

TypeSH

Market value$13.65M

1.33%

Sole

138K

Shared

0.00

None

42.90K

D R HORTON INC

SOLE

COM

Shares86.12K

TypeSH

Market value$12.40M

1.21%

Sole

0.00

Shared

0.00

None

86.12K

AMAZON COM INC

SOLE

COM

Shares51.80K

TypeSH

Market value$11.96M

1.17%

Sole

0.00

Shared

0.00

None

51.80K

NVR INC

SOLE

COM

Shares1.58K

TypeSH

Market value$11.54M

1.13%

Sole

0.00

Shared

0.00

None

1.58K

LENNAR CORP

SOLE

CL A

Shares96.72K

TypeSH

Market value$9.94M

0.97%

Sole

0.00

Shared

0.00

None

96.72K

VANGUARD TAX-MANAGED INTL FD

SOLE

FTSE DEV MKT ETF

Shares157.48K

TypeSH

Market value$9.84M

0.96%

Sole

0.00

Shared

0.00

None

157.48K

UNITED RENTALS INC

SOLE

COM

Shares11.71K

TypeSH

Market value$9.47M

0.93%

Sole

0.00

Shared

0.00

None

11.71K

VANECK ETF TRUST

SOLE

BIOTECH ETF

Shares38.92K

TypeSH

Market value$7.37M

0.72%

Sole

0.00

Shared

0.00

None

38.92K

ISHARES TR

SOLE

ISHARES BIOTECH

Shares37.45K

TypeSH

Market value$6.32M

0.62%

Sole

0.00

Shared

0.00

None

37.45K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
SPDR S&P 500 ETF TRSOLE	TR UNIT	290.95K	SH	$198.41M 19.38%	0.00	290.95K
SPDR SER TRSOLE	BLOOMBERG 3-12 M	1.01M	SH	$100.12M 9.78%	0.00	1.01M
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	1.48M	SH	$87.12M 8.51%	0.00	1.48M
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	154.07K	SH	$77.44M 7.56%	2.13K	151.94K
VANGUARD SCOTTSDALE FDSSOLE	INTER TERM TREAS	1.19M	SH	$71.37M 6.97%	0.00	1.19M
ISHARES TRSOLE	MSCI EAFE ETF	715.96K	SH	$68.75M 6.71%	0.00	715.96K
META PLATFORMS INCSOLE	CL A	56.59K	SH	$37.36M 3.65%	1.31K	55.28K
VANECK VECTORS ETF TRSOLE	SEMICONDUCTOR ET	96.64K	SH	$34.80M 3.40%	1.36K	95.28K
SELECT SECTOR SPDR TRSOLE	SBI HEALTHCARE	198.32K	SH	$30.70M 3.00%	0.00	198.32K
ISHARES INCSOLE	MSCI JPN ETF NEW	345.72K	SH	$27.91M 2.73%	0.00	345.72K
ALPHABET INCSOLE	CAP STK CL A	87.37K	SH	$27.35M 2.67%	4.11K	83.26K
SELECT SECTOR SPDR TRSOLE	COMMUNICATION	168.97K	SH	$19.89M 1.94%	0.00	168.97K
VANGUARD INDEX FDSSOLE	LARGE CAP ETF	62.85K	SH	$19.79M 1.93%	0.00	62.85K
ISHARES TRSOLE	RUS MID CAP ETF	194.56K	SH	$18.73M 1.83%	0.00	194.56K
MICROSOFT CORPORATIONSOLE	COM	34.76K	SH	$16.81M 1.64%	0.00	34.76K
VANECK ETF TRUSTSOLE	PHARMACEUTCL ETF	152.94K	SH	$15.78M 1.54%	0.00	152.94K
VANGUARD INSTL INDEX FDSOLE	0-3 MO TREAS BIL	180.90K	SH	$13.65M 1.33%	138K	42.90K
D R HORTON INCSOLE	COM	86.12K	SH	$12.40M 1.21%	0.00	86.12K
AMAZON COM INCSOLE	COM	51.80K	SH	$11.96M 1.17%	0.00	51.80K
NVR INCSOLE	COM	1.58K	SH	$11.54M 1.13%	0.00	1.58K
LENNAR CORPSOLE	CL A	96.72K	SH	$9.94M 0.97%	0.00	96.72K
VANGUARD TAX-MANAGED INTL FDSOLE	FTSE DEV MKT ETF	157.48K	SH	$9.84M 0.96%	0.00	157.48K
UNITED RENTALS INCSOLE	COM	11.71K	SH	$9.47M 0.93%	0.00	11.71K
VANECK ETF TRUSTSOLE	BIOTECH ETF	38.92K	SH	$7.37M 0.72%	0.00	38.92K
ISHARES TRSOLE	ISHARES BIOTECH	37.45K	SH	$6.32M 0.62%	0.00	37.45K

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