MILLER VALUE PARTNERS, LLC

PrivateCIK: 1135778

Location

SARASOTA, FL

Positions

$383.18M

Total AUM (reported)

40.32M

Total Shares

Allocation by class

COM$204.41M53.3%

SHS$48.24M12.6%

COM CL A$36.93M9.6%

CL A COM$27.04M7.1%

TR UNIT$19.54M5.1%

COM NEW$15.54M4.1%

CL B$11.72M3.1%

Portfolio Concentration

Top 3$88.60M23.1%

4–10$110.26M28.8%

11–25$121.16M31.6%

Rest$63.16M16.5%

Top 3 weight

23.1%

Top 10 weight

51.9%

Voting Authority Distribution

Total shares with voting rights: 40.32M

Sole

Full voting authority

39.12M

% of voting shares97.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

1.20M

% of voting shares3.0%

Investment Discretion (by position count)

Sole55

Shared0

Other0

Dominant voting typeSole · 97.0% of voting shares

Institutional Holdings55

Rows:

NABORS INDUSTRIES LTD

SOLE

SHS

Shares444.43K

TypeSH

Market value$38.25M

9.98%

Sole

429.92K

Shared

0.00

None

14.51K

CRESCENT ENERGY COMPANY

SOLE

CL A COM

Shares2M

TypeSH

Market value$27.04M

7.06%

Sole

1.97M

Shared

0.00

None

31.40K

GRAY MEDIA INC

SOLE

COM

Shares5.37M

TypeSH

Market value$23.31M

6.08%

Sole

5.18M

Shared

0.00

None

188K

LINCOLN NATL CORP IND

SOLE

COM

Shares570.69K

TypeSH

Market value$20.26M

5.29%

Sole

561.21K

Shared

0.00

None

9.48K

STATE STR SPDR S&P 500 ETF T

SOLE

TR UNIT

Shares30.04K

TypeSH

Market value$19.54M

5.10%

Sole

30.04K

Shared

0.00

None

0.00

QUAD / GRAPHICS INC

SOLE

COM CL A

Shares2.65M

TypeSH

Market value$17.52M

4.57%

Sole

2.58M

Shared

0.00

None

71.35K

BREAD FINANCIAL HOLDINGS INC

SOLE

COM

Shares193.70K

TypeSH

Market value$14.51M

3.79%

Sole

191.70K

Shared

0.00

None

USA TODAY CO INC

SOLE

COM

Shares1.97M

TypeSH

Market value$13.88M

3.62%

Sole

1.89M

Shared

0.00

None

82.13K

CONDUENT INC

SOLE

COM

Shares10.02M

TypeSH

Market value$12.83M

3.35%

Sole

9.67M

Shared

0.00

None

357.15K

UNITED PARCEL SVCS INC

SOLE

CL B

Shares119.11K

TypeSH

Market value$11.72M

3.06%

Sole

119.11K

Shared

0.00

None

0.00

BLOOMIN BRANDS INC

SOLE

COM

Shares2.04M

TypeSH

Market value$11.00M

2.87%

Sole

1.97M

Shared

0.00

None

63.27K

FOSSIL GROUP INC

SOLE

COM

Shares2.43M

TypeSH

Market value$10.45M

2.73%

Sole

2.32M

Shared

0.00

None

102.78K

CTO RLTY GROWTH INC NEW

SOLE

COM

Shares556.05K

TypeSH

Market value$10.28M

2.68%

Sole

556.05K

Shared

0.00

None

0.00

ITURAN LOCATION AND CONTROL

SOLE

SHS

Shares203.90K

TypeSH

Market value$9.99M

2.61%

Sole

203.90K

Shared

0.00

None

0.00

VIATRIS INC

SOLE

COM

Shares731.68K

TypeSH

Market value$9.88M

2.58%

Sole

731.68K

Shared

0.00

None

0.00

CHORD ENERGY CORPORATION

SOLE

COM NEW

Shares69.33K

TypeSH

Market value$9.86M

2.57%

Sole

69.33K

Shared

0.00

None

0.00

JACKSON FINANCIAL INC

SOLE

COM CL A

Shares80.68K

TypeSH

Market value$8.53M

2.23%

Sole

79.73K

Shared

0.00

None

950.00

VERIZON COMMUNICATIONS INC

SOLE

COM

Shares168K

TypeSH

Market value$8.43M

2.20%

Sole

168K

Shared

0.00

None

0.00

DAUCH CORP

SOLE

COM

Shares1.40M

TypeSH

Market value$8.28M

2.16%

Sole

1.35M

Shared

0.00

None

49.13K

JELD-WEN HLDG INC

SOLE

COM

Shares6.62M

TypeSH

Market value$8.21M

2.14%

Sole

6.40M

Shared

0.00

None

224.50K

STRATEGY INC

SOLE

CL A NEW

Shares52.06K

TypeSH

Market value$6.50M

1.70%

Sole

52.06K

Shared

0.00

None

0.00

ALLIANCE RESOURCE PARTNERS L

SOLE

UT LTD PART

Shares185.26K

TypeSH

Market value$5.12M

1.34%

Sole

185.26K

Shared

0.00

None

0.00

MILLROSE PPTYS INC

SOLE

COM CL A

Shares180.80K

TypeSH

Market value$5.06M

1.32%

Sole

180.80K

Shared

0.00

None

0.00

CAL MAINE FOODS INC

SOLE

COM NEW

Shares62K

TypeSH

Market value$4.91M

1.28%

Sole

62K

Shared

0.00

None

0.00

ARBOR REALTY TRUST INC

SOLE

COM

Shares604K

TypeSH

Market value$4.66M

1.22%

Sole

604K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
NABORS INDUSTRIES LTDSOLE	SHS	444.43K	SH	$38.25M 9.98%	429.92K	14.51K
CRESCENT ENERGY COMPANYSOLE	CL A COM	2M	SH	$27.04M 7.06%	1.97M	31.40K
GRAY MEDIA INCSOLE	COM	5.37M	SH	$23.31M 6.08%	5.18M	188K
LINCOLN NATL CORP INDSOLE	COM	570.69K	SH	$20.26M 5.29%	561.21K	9.48K
STATE STR SPDR S&P 500 ETF TSOLE	TR UNIT	30.04K	SH	$19.54M 5.10%	30.04K	0.00
QUAD / GRAPHICS INCSOLE	COM CL A	2.65M	SH	$17.52M 4.57%	2.58M	71.35K
BREAD FINANCIAL HOLDINGS INCSOLE	COM	193.70K	SH	$14.51M 3.79%	191.70K	2K
USA TODAY CO INCSOLE	COM	1.97M	SH	$13.88M 3.62%	1.89M	82.13K
CONDUENT INCSOLE	COM	10.02M	SH	$12.83M 3.35%	9.67M	357.15K
UNITED PARCEL SVCS INCSOLE	CL B	119.11K	SH	$11.72M 3.06%	119.11K	0.00
BLOOMIN BRANDS INCSOLE	COM	2.04M	SH	$11.00M 2.87%	1.97M	63.27K
FOSSIL GROUP INCSOLE	COM	2.43M	SH	$10.45M 2.73%	2.32M	102.78K
CTO RLTY GROWTH INC NEWSOLE	COM	556.05K	SH	$10.28M 2.68%	556.05K	0.00
ITURAN LOCATION AND CONTROLSOLE	SHS	203.90K	SH	$9.99M 2.61%	203.90K	0.00
VIATRIS INCSOLE	COM	731.68K	SH	$9.88M 2.58%	731.68K	0.00
CHORD ENERGY CORPORATIONSOLE	COM NEW	69.33K	SH	$9.86M 2.57%	69.33K	0.00
JACKSON FINANCIAL INCSOLE	COM CL A	80.68K	SH	$8.53M 2.23%	79.73K	950.00
VERIZON COMMUNICATIONS INCSOLE	COM	168K	SH	$8.43M 2.20%	168K	0.00
DAUCH CORPSOLE	COM	1.40M	SH	$8.28M 2.16%	1.35M	49.13K
JELD-WEN HLDG INCSOLE	COM	6.62M	SH	$8.21M 2.14%	6.40M	224.50K
STRATEGY INCSOLE	CL A NEW	52.06K	SH	$6.50M 1.70%	52.06K	0.00
ALLIANCE RESOURCE PARTNERS LSOLE	UT LTD PART	185.26K	SH	$5.12M 1.34%	185.26K	0.00
MILLROSE PPTYS INCSOLE	COM CL A	180.80K	SH	$5.06M 1.32%	180.80K	0.00
CAL MAINE FOODS INCSOLE	COM NEW	62K	SH	$4.91M 1.28%	62K	0.00
ARBOR REALTY TRUST INCSOLE	COM	604K	SH	$4.66M 1.22%	604K	0.00

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