Miller Investment Management, LP

Q4 2025 13F-HR Holdings

Location
West Conshohocken, PA
Holdings as of
12/31/2025
Date filed
2/11/2026
Form type
13F-HR
Num holdings
89
Total value ($000)
$1,023,900
Net value change ($000)
+28,800 (2.9%)
New positions
1
Sold out positions
10
Turnover %
2.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/10/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
VGIT 70,034 5226.4%
VGSH 24,619 39.4%
VBIL 10,809 381.1%
XLV 9,225 43.0%
VEA 6,043 159.2%
GOOGL 4,776 21.2%
CAH 1,159 31.5%
AMZN 1,120 10.3%
VV 662 3.5%
LLY 389 40.8%
Top Reduces (Value $000, Stocks/ETFs)
BILS -17,946 -15.2%
QTEC -13,326 -100.0%
EFA -7,617 -10.0%
META -7,334 -16.4%
BBH -6,013 -44.9%
BRK-B -5,877 -7.1%
IBB -4,748 -42.9%
SMH -3,441 -9.0%
XLB -3,385 -100.0%
MDY -3,100 -100.0%
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