Q4 2025 · 13F-HR
Miller Investment Management, LPholdings as filed
Filed 2026-02-11 · accession 0001407382-26-000002
$1.02B
Reported value
89
Positions
2025-12-31
Period end
The Brief · Miller Investment Management, LP · Q4 2025
AI · grounded in 13F
Miller Investment Management, LP established a new position in SPY valued at $198.4M. The fund also added new holdings in BILS for $100.1M and VGSH for $87.1M. Other new positions include BRK/B at $77.4M, VGIT at $71.4M, and EFA at $68.8M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $198.4M | 19.4% | 290,954 | Common | NONE |
| 78468R523 | BILS | SPDR SER TR | $100.1M | 9.78% | 1,009,090 | Common | NONE |
| 92206C102 | VGSH | VANGUARD SCOTTSDALE FDS | $87.1M | 8.51% | 1,483,390 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $77.4M | 7.56% | 154,072 | Common | NONE |
| 92206C706 | VGIT | VANGUARD SCOTTSDALE FDS | $71.4M | 6.97% | 1,190,950 | Common | NONE |
| 464287465 | EFA | ISHARES TR | $68.8M | 6.71% | 715,962 | Common | NONE |
| 30303M102 | META | META PLATFORMS INC | $37.4M | 3.65% | 56,593 | Common | NONE |
| 92189F676 | SMH | VANECK VECTORS ETF TR | $34.8M | 3.40% | 96,645 | Common | NONE |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $30.7M | 3.00% | 198,322 | Common | NONE |
| 46434g822 | — | ISHARES INC | $27.9M | 2.73% | 345,720 | Common | NONE |
| 02079K305 | GOOGL | ALPHABET INC | $27.3M | 2.67% | 87,372 | Common | NONE |
| 81369Y852 | XLC | SELECT SECTOR SPDR TR | $19.9M | 1.94% | 168,967 | Common | NONE |
| 922908637 | VV | VANGUARD INDEX FDS | $19.8M | 1.93% | 62,851 | Common | NONE |
| 464287499 | IWR | ISHARES TR | $18.7M | 1.83% | 194,565 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORPORATION | $16.8M | 1.64% | 34,755 | Common | NONE |
| 92189f692 | — | VANECK ETF TRUST | $15.8M | 1.54% | 152,936 | Common | NONE |
| 922040845 | VBIL | VANGUARD INSTL INDEX FD | $13.6M | 1.33% | 180,900 | Common | SOLE |
| 23331A109 | DHI | D R HORTON INC | $12.4M | 1.21% | 86,119 | Common | NONE |
| 023135106 | AMZN | AMAZON COM INC | $12.0M | 1.17% | 51,797 | Common | NONE |
| 62944T105 | NVR | NVR INC | $11.5M | 1.13% | 1,582 | Common | NONE |
| 526057104 | LEN | LENNAR CORP | $9.9M | 0.97% | 96,724 | Common | NONE |
| 921943858 | VEA | VANGUARD TAX-MANAGED INTL FD | $9.8M | 0.96% | 157,476 | Common | NONE |
| 911363109 | URI | UNITED RENTALS INC | $9.5M | 0.93% | 11,707 | Common | NONE |
| 92189F726 | BBH | VANECK ETF TRUST | $7.4M | 0.72% | 38,925 | Common | NONE |
| 464287556 | IBB | ISHARES TR | $6.3M | 0.62% | 37,446 | Common | NONE |
| 14149Y108 | CAH | CARDINAL HEALTH INC | $4.8M | 0.47% | 23,553 | Common | NONE |
| 46625H100 | JPM | JPMORGAN CHASE & CO | $3.7M | 0.36% | 11,410 | Common | NONE |
| 922908769 | VTI | VANGUARD INDEX FDS | $3.7M | 0.36% | 10,904 | Common | NONE |
| 921908844 | VIG | VANGUARD SPECIALIZED FUNDS | $3.6M | 0.35% | 16,293 | Common | NONE |
| 931142103 | WMT | WAL-MART STORES INC | $3.4M | 0.33% | 30,585 | Common | NONE |
| 78467X109 | DIA | SPDR DOW JONES INDL AVERAGE | $2.7M | 0.27% | 5,717 | Common | NONE |
| 478160104 | JNJ | JOHNSON AND JOHNSON | $2.7M | 0.26% | 12,849 | Common | NONE |
| 693475105 | PNC | PNC FINL SVCS GROUP INC | $2.6M | 0.26% | 12,580 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $2.5M | 0.25% | 9,320 | Common | NONE |
| 291011104 | EMR | EMERSON ELEC CO | $2.5M | 0.25% | 18,970 | Common | NONE |
| 244199105 | DE | DEERE & COMPANY | $2.3M | 0.22% | 4,945 | Common | NONE |
| 68389X105 | ORCL | ORACLE CORP | $2.1M | 0.21% | 10,899 | Common | NONE |
| 75513E101 | RTX | RAYTHEON TECHNOLOGIES CORP | $1.9M | 0.19% | 10,350 | Common | NONE |
| 949746101 | WMT2 | WELLS FARGO & CO NEW | $1.9M | 0.19% | 20,342 | Common | NONE |
| 031162100 | AMGN | AMGEN INC | $1.7M | 0.16% | 5,098 | Common | NONE |
| G5960L103 | MDT | MEDTRONIC INC | $1.5M | 0.15% | 15,885 | Common | NONE |
| 464287655 | IWM | ISHARES TR | $1.5M | 0.15% | 6,138 | Common | NONE |
| 886364835 | GSPY | TIDAL ETF TR | $1.5M | 0.15% | 40,578 | Common | NONE |
| 872540109 | TJX | TJX COS INC NEW | $1.5M | 0.14% | 9,534 | Common | NONE |
| 15135B101 | CNC | CENTENE CORP DEL | $1.5M | 0.14% | 35,295 | Common | NONE |
| 532457108 | LLY | LILLY ELI & CO | $1.3M | 0.13% | 1,250 | Common | NONE |
| 74834L100 | DGX | QUEST DIAGNOSTICS INC | $1.3M | 0.13% | 7,586 | Common | NONE |
| 46090E103 | QQQ | INVESCO QQQ TR | $1.3M | 0.13% | 2,084 | Common | NONE |
| 437076102 | HD | HOME DEPOT INC | $1.2M | 0.11% | 3,404 | Common | NONE |
| 675746606 | ONIT | OCWEN FINL CORP | $1.1M | 0.11% | 24,798 | Common | NONE |
| 03073E105 | COR | AMERISOURCEBERGEN CORP | $1.0M | 0.10% | 3,045 | Common | NONE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC | $986,643 | 0.10% | 9,947 | Common | NONE |
| 494368103 | KMB | KIMBERLY-CLARK CORP | $940,396 | 0.09% | 9,321 | Common | NONE |
| 166764100 | CVX | CHEVRON CORP | $921,318 | 0.09% | 6,045 | Common | NONE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $919,267 | 0.09% | 30,755 | Common | NONE |
| 88579Y101 | MMM | 3M COMPANY | $898,962 | 0.09% | 5,615 | Common | NONE |
| 580135101 | MCD | MCDONALDS CORP | $863,710 | 0.08% | 2,826 | Common | NONE |
| 718546104 | PSX | PHILLIPS 66 | $838,760 | 0.08% | 6,500 | Common | SOLE |
| 922908363 | VOO | VANGUARD INDEX FDS | $787,675 | 0.08% | 1,256 | Common | NONE |
| 854502101 | SWK | STANLEY BLACK & DECKER INC | $784,025 | 0.08% | 10,555 | Common | NONE |
| 00287Y109 | ABBV | ABBVIE INC | $774,581 | 0.08% | 3,390 | Common | NONE |
| 228368106 | CCK | CROWN HOLDINGS INC | $764,140 | 0.07% | 7,421 | Common | NONE |
| 172908105 | CTAS | CINTAS CORP | $753,032 | 0.07% | 4,004 | Common | NONE |
| 464287598 | IWD | ISHARES TR | $708,425 | 0.07% | 3,368 | Common | NONE |
| 075887109 | BDX | BECTON DICKINSON & CO | $676,916 | 0.07% | 3,488 | Common | NONE |
| 713448108 | PEP | PEPSICO INC | $664,641 | 0.06% | 4,631 | Common | NONE |
| 78468R663 | BIL | SPDR SER TR | $656,017 | 0.06% | 7,179 | Common | NONE |
| 922042775 | VEU | VANGUARD INTL EQUITY INDEX F | $638,869 | 0.06% | 8,685 | Common | NONE |
| 254687106 | DIS | WALT DISNEY COMPANY | $635,974 | 0.06% | 5,590 | Common | NONE |
| 00162Q452 | AMLP | ALPS ETF TR | $614,975 | 0.06% | 13,079 | Common | NONE |
| 452308109 | ITW | ILLINOIS TOOL WKS INC | $567,722 | 0.06% | 2,305 | Common | NONE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS | $539,695 | 0.05% | 1,822 | Common | NONE |
| 369550108 | GD | GENERAL DYNAMICS CORP | $523,170 | 0.05% | 1,554 | Common | NONE |
| G1151C101 | ACN | ACCENTURE PLC IRELAND | $491,794 | 0.05% | 1,833 | Common | NONE |
| 21036P108 | STZ | CONSTELLATION BRANDS INC | $489,758 | 0.05% | 3,550 | Common | NONE |
| 0076ca104 | — | AEGON LTD | $439,586 | 0.04% | 57,015 | Common | NONE |
| 363576109 | AJG | GALLAGHER ARTHUR J & CO | $432,697 | 0.04% | 1,672 | Common | NONE |
| 78464A870 | XBI | SPDR SERIES TRUST | $418,830 | 0.04% | 3,435 | Common | NONE |
| 02079K107 | GOOG | ALPHABET INC | $414,216 | 0.04% | 1,320 | Common | NONE |
| 053611109 | AVY | AVERY DENNISON CORP | $405,592 | 0.04% | 2,230 | Common | NONE |
| 191216100 | KO | COCA COLA CO | $363,532 | 0.04% | 5,200 | Common | NONE |
| 46137v308 | — | INVESCO EXCHANGE TRADED FD T | $359,307 | 0.04% | 2,675 | Common | NONE |
| 14448C104 | CARR | CARRIER GLOBAL CORPORATION | $308,586 | 0.03% | 5,840 | Common | NONE |
| 654106103 | NKE | NIKE INC | $303,960 | 0.03% | 4,771 | Common | NONE |
| 032095101 | APH | AMPHENOL CORP NEW | $294,335 | 0.03% | 2,178 | Common | NONE |
| 30231G102 | XOM | EXXON MOBIL CORP | $287,616 | 0.03% | 2,390 | Common | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $278,818 | 0.03% | 1,495 | Common | NONE |
| 747525103 | QCOM | QUALCOMM INC | $247,680 | 0.02% | 1,448 | Common | NONE |
| 235851102 | DHR | DANAHER CORPORATION | $227,089 | 0.02% | 992 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.