MILLER INVESTMENT MANAGEMENT, LP

PrivateCIK: 1407382

Location

WEST CONSHOHOCKEN, PA

Positions

$1.01B

Total AUM (reported)

7.85M

Total Shares

Allocation by class

TR UNIT$190.04M18.9%

BLOOMBERG 3-12 M$125.35M12.4%

SHORT TERM TREAS$97.99M9.7%

COM$82.68M8.2%

INTER TERM TREAS$78.97M7.8%

CL B NEW$73.94M7.3%

MSCI EAFE ETF$63.33M6.3%

Portfolio Concentration

Top 3$413.38M41.1%

4–10$342.77M34.0%

11–25$187.96M18.7%

Rest$62.86M6.2%

Top 3 weight

41.1%

Top 10 weight

75.1%

Voting Authority Distribution

Total shares with voting rights: 7.85M

Sole

Full voting authority

153.42K

% of voting shares2.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

7.70M

% of voting shares98.0%

Investment Discretion (by position count)

Sole86

Shared0

Other0

Dominant voting typeNone · 98.0% of voting shares

Institutional Holdings86

Rows:

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares292.22K

TypeSH

Market value$190.04M

18.87%

Sole

0.00

Shared

0.00

None

292.22K

SPDR SER TR

SOLE

BLOOMBERG 3-12 M

Shares1.26M

TypeSH

Market value$125.35M

12.45%

Sole

0.00

Shared

0.00

None

1.26M

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares1.67M

TypeSH

Market value$97.99M

9.73%

Sole

0.00

Shared

0.00

None

1.67M

VANGUARD SCOTTSDALE FDS

SOLE

INTER TERM TREAS

Shares1.33M

TypeSH

Market value$78.97M

7.84%

Sole

0.00

Shared

0.00

None

1.33M

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares154.30K

TypeSH

Market value$73.94M

7.34%

Sole

2.13K

Shared

0.00

None

152.16K

ISHARES TR

SOLE

MSCI EAFE ETF

Shares652.03K

TypeSH

Market value$63.33M

6.29%

Sole

0.00

Shared

0.00

None

652.03K

VANECK VECTORS ETF TR

SOLE

SEMICONDUCTOR ET

Shares94.91K

TypeSH

Market value$36.39M

3.61%

Sole

1.36K

Shared

0.00

None

93.54K

META PLATFORMS INC

SOLE

CL A

Shares57.87K

TypeSH

Market value$33.11M

3.29%

Sole

1.31K

Shared

0.00

None

56.56K

SELECT SECTOR SPDR TR

SOLE

SBI HEALTHCARE

Shares202.91K

TypeSH

Market value$29.75M

2.95%

Sole

0.00

Shared

0.00

None

202.91K

ISHARES INC

SOLE

MSCI JPN ETF NEW

Shares323.05K

TypeSH

Market value$27.28M

2.71%

Sole

0.00

Shared

0.00

None

323.05K

VANGUARD INDEX FDS

SOLE

LARGE CAP ETF

Shares86.74K

TypeSH

Market value$25.92M

2.57%

Sole

0.00

Shared

0.00

None

86.74K

ALPHABET INC

SOLE

CAP STK CL A

Shares87.96K

TypeSH

Market value$25.29M

2.51%

Sole

4.11K

Shared

0.00

None

83.85K

SELECT SECTOR SPDR TR

SOLE

COMMUNICATION

Shares168.82K

TypeSH

Market value$18.72M

1.86%

Sole

0.00

Shared

0.00

None

168.82K

ISHARES TR

SOLE

RUS MID CAP ETF

Shares188.28K

TypeSH

Market value$18.31M

1.82%

Sole

0.00

Shared

0.00

None

188.28K

VANGUARD INSTL INDEX FD

SOLE

0-3 MO TREAS BIL

Shares195.90K

TypeSH

Market value$14.82M

1.47%

Sole

138K

Shared

0.00

None

57.90K

VANECK ETF TRUST

SOLE

PHARMACEUTCL ETF

Shares133.94K

TypeSH

Market value$13.91M

1.38%

Sole

0.00

Shared

0.00

None

133.94K

MICROSOFT CORPORATION

SOLE

COM

Shares36.02K

TypeSH

Market value$13.33M

1.32%

Sole

0.00

Shared

0.00

None

36.02K

VANGUARD TAX-MANAGED INTL FD

SOLE

FTSE DEV MKT ETF

Shares204.51K

TypeSH

Market value$13.11M

1.30%

Sole

0.00

Shared

0.00

None

204.51K

AMAZON COM INC

SOLE

COM

Shares52.49K

TypeSH

Market value$10.93M

1.09%

Sole

0.00

Shared

0.00

None

52.49K

UNITED RENTALS INC

SOLE

COM

Shares11.71K

TypeSH

Market value$8.53M

0.85%

Sole

0.00

Shared

0.00

None

11.71K

VANECK ETF TRUST

SOLE

BIOTECH ETF

Shares38.96K

TypeSH

Market value$7.33M

0.73%

Sole

0.00

Shared

0.00

None

38.96K

ISHARES TR

SOLE

ISHARES BIOTECH

Shares35.09K

TypeSH

Market value$5.93M

0.59%

Sole

0.00

Shared

0.00

None

35.09K

CARDINAL HEALTH INC

SOLE

COM

Shares23.55K

TypeSH

Market value$4.98M

0.49%

Sole

0.00

Shared

0.00

None

23.55K

VANGUARD SPECIALIZED FUNDS

SOLE

DIV APP ETF

Shares16.29K

TypeSH

Market value$3.50M

0.35%

Sole

0.00

Shared

0.00

None

16.29K

JPMORGAN CHASE & CO

SOLE

COM

Shares11.41K

TypeSH

Market value$3.36M

0.33%

Sole

0.00

Shared

0.00

None

11.41K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
SPDR S&P 500 ETF TRSOLE	TR UNIT	292.22K	SH	$190.04M 18.87%	0.00	292.22K
SPDR SER TRSOLE	BLOOMBERG 3-12 M	1.26M	SH	$125.35M 12.45%	0.00	1.26M
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	1.67M	SH	$97.99M 9.73%	0.00	1.67M
VANGUARD SCOTTSDALE FDSSOLE	INTER TERM TREAS	1.33M	SH	$78.97M 7.84%	0.00	1.33M
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	154.30K	SH	$73.94M 7.34%	2.13K	152.16K
ISHARES TRSOLE	MSCI EAFE ETF	652.03K	SH	$63.33M 6.29%	0.00	652.03K
VANECK VECTORS ETF TRSOLE	SEMICONDUCTOR ET	94.91K	SH	$36.39M 3.61%	1.36K	93.54K
META PLATFORMS INCSOLE	CL A	57.87K	SH	$33.11M 3.29%	1.31K	56.56K
SELECT SECTOR SPDR TRSOLE	SBI HEALTHCARE	202.91K	SH	$29.75M 2.95%	0.00	202.91K
ISHARES INCSOLE	MSCI JPN ETF NEW	323.05K	SH	$27.28M 2.71%	0.00	323.05K
VANGUARD INDEX FDSSOLE	LARGE CAP ETF	86.74K	SH	$25.92M 2.57%	0.00	86.74K
ALPHABET INCSOLE	CAP STK CL A	87.96K	SH	$25.29M 2.51%	4.11K	83.85K
SELECT SECTOR SPDR TRSOLE	COMMUNICATION	168.82K	SH	$18.72M 1.86%	0.00	168.82K
ISHARES TRSOLE	RUS MID CAP ETF	188.28K	SH	$18.31M 1.82%	0.00	188.28K
VANGUARD INSTL INDEX FDSOLE	0-3 MO TREAS BIL	195.90K	SH	$14.82M 1.47%	138K	57.90K
VANECK ETF TRUSTSOLE	PHARMACEUTCL ETF	133.94K	SH	$13.91M 1.38%	0.00	133.94K
MICROSOFT CORPORATIONSOLE	COM	36.02K	SH	$13.33M 1.32%	0.00	36.02K
VANGUARD TAX-MANAGED INTL FDSOLE	FTSE DEV MKT ETF	204.51K	SH	$13.11M 1.30%	0.00	204.51K
AMAZON COM INCSOLE	COM	52.49K	SH	$10.93M 1.09%	0.00	52.49K
UNITED RENTALS INCSOLE	COM	11.71K	SH	$8.53M 0.85%	0.00	11.71K
VANECK ETF TRUSTSOLE	BIOTECH ETF	38.96K	SH	$7.33M 0.73%	0.00	38.96K
ISHARES TRSOLE	ISHARES BIOTECH	35.09K	SH	$5.93M 0.59%	0.00	35.09K
CARDINAL HEALTH INCSOLE	COM	23.55K	SH	$4.98M 0.49%	0.00	23.55K
VANGUARD SPECIALIZED FUNDSSOLE	DIV APP ETF	16.29K	SH	$3.50M 0.35%	0.00	16.29K
JPMORGAN CHASE & COSOLE	COM	11.41K	SH	$3.36M 0.33%	0.00	11.41K

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