Miller Investment Management, LP

Q3 2025 13F-HR Holdings

Location
West Conshohocken, PA
Holdings as of
9/30/2025
Date filed
11/10/2025
Form type
13F-HR
Num holdings
98
Total value ($000)
$995,100
Net value change ($000)
+42,677 (4.5%)
New positions
5
Sold out positions
3
Turnover %
0.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/6/2025 Next filing: 2/11/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
BILS 7,893 7.2%
GOOGL 6,203 37.9%
SMH 5,051 15.2%
SPY 4,867 2.5%
DHI 3,674 32.9%
BRK-B 3,052 3.8%
EFA 3,038 4.1%
VEA 2,892 320.3%
XLV 2,845 15.3%
VBIL 2,836 NEW
Top Reduces (Value $000, Stocks/ETFs)
JPM -1,890 -34.4%
WMT -1,585 -33.5%
EMR -1,562 -38.6%
QTEC -1,443 -9.8%
PNC -1,435 -36.2%
VIG -1,361 -27.9%
WFC -1,026 -37.6%
JNJ -870 -26.7%
UPS -855 -50.7%
RTX -823 -32.2%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type