{
 "manager": "Miller Value Partners",
 "page": "https://www.moatshark.com/m/miller-value-partners",
 "form": "13F-HR",
 "period": "2026-06-30",
 "filed": "2026-08-14",
 "previous_period": "2026-03-31",
 "filing_url": "https://www.sec.gov/Archives/edgar/data/1135778/000113577826000016/0001135778-26-000016-index.htm",
 "total_value_usd": 423070057,
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holdings": [
  {
   "company": "Nabors Industries",
   "ticker": "NBR",
   "moatshark_slug": "nbr",
   "sector": "Energy",
   "value_usd": 37423095,
   "shares": 445460,
   "portfolio_pct": 8.85,
   "previous_pct": 9.98,
   "change": "ADD",
   "share_change_pct": 0.2,
   "quarters_held": 25
  },
  {
   "company": "Gray Media",
   "ticker": "GTN",
   "moatshark_slug": "gtn",
   "sector": "Communication and media",
   "value_usd": 28756258,
   "shares": 7243390,
   "portfolio_pct": 6.8,
   "previous_pct": 6.08,
   "change": "ADD",
   "share_change_pct": 34.9,
   "quarters_held": 13
  },
  {
   "company": "Direxion Shares Etf Trust",
   "ticker": "SPUU",
   "moatshark_slug": "spuu",
   "sector": null,
   "value_usd": 24596449,
   "shares": 114078,
   "portfolio_pct": 5.81,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Bloomin' Brands",
   "ticker": "BLMN",
   "moatshark_slug": "blmn",
   "sector": "Consumer discretionary",
   "value_usd": 23635208,
   "shares": 2585909,
   "portfolio_pct": 5.59,
   "previous_pct": 2.87,
   "change": "ADD",
   "share_change_pct": 27,
   "quarters_held": 2
  },
  {
   "company": "Quad/Graphics",
   "ticker": "QUAD",
   "moatshark_slug": "quad",
   "sector": "Other",
   "value_usd": 21397861,
   "shares": 2538299,
   "portfolio_pct": 5.06,
   "previous_pct": 4.57,
   "change": "REDUCE",
   "share_change_pct": -4.3,
   "quarters_held": 30
  },
  {
   "company": "Lincoln National",
   "ticker": "LNC",
   "moatshark_slug": "lnc",
   "sector": "Insurance",
   "value_usd": 21321706,
   "shares": 603160,
   "portfolio_pct": 5.04,
   "previous_pct": 5.29,
   "change": "ADD",
   "share_change_pct": 5.7,
   "quarters_held": 10
  },
  {
   "company": "Crescent Energy Company",
   "ticker": "CRGY",
   "moatshark_slug": "crgy",
   "sector": "Energy",
   "value_usd": 20550108,
   "shares": 2092679,
   "portfolio_pct": 4.86,
   "previous_pct": 7.06,
   "change": "ADD",
   "share_change_pct": 4.5,
   "quarters_held": 2
  },
  {
   "company": "Conduent",
   "ticker": "CNDT",
   "moatshark_slug": "cndt",
   "sector": "Industrials",
   "value_usd": 18959706,
   "shares": 12986100,
   "portfolio_pct": 4.48,
   "previous_pct": 3.35,
   "change": "ADD",
   "share_change_pct": 29.6,
   "quarters_held": 22
  },
  {
   "company": "Bread Financial Holdings",
   "ticker": "BFH",
   "moatshark_slug": "bfh",
   "sector": "Financials",
   "value_usd": 14388663,
   "shares": 132798,
   "portfolio_pct": 3.4,
   "previous_pct": 3.79,
   "change": "REDUCE",
   "share_change_pct": -31.4,
   "quarters_held": 13
  },
  {
   "company": "United Parcel Service",
   "ticker": "UPS",
   "moatshark_slug": "ups",
   "sector": "Industrials",
   "value_usd": 12470322,
   "shares": 116003,
   "portfolio_pct": 2.95,
   "previous_pct": 3.06,
   "change": "REDUCE",
   "share_change_pct": -2.6,
   "quarters_held": 4
  },
  {
   "company": "Dauch",
   "ticker": "DCH",
   "moatshark_slug": "dch",
   "sector": "Consumer discretionary",
   "value_usd": 12368928,
   "shares": 2282090,
   "portfolio_pct": 2.92,
   "previous_pct": 2.16,
   "change": "ADD",
   "share_change_pct": 63.5,
   "quarters_held": 18
  },
  {
   "company": "USA Today",
   "ticker": "TDAY",
   "moatshark_slug": "tday",
   "sector": "Communication and media",
   "value_usd": 11979234,
   "shares": 1401080,
   "portfolio_pct": 2.83,
   "previous_pct": 3.62,
   "change": "REDUCE",
   "share_change_pct": -28.9,
   "quarters_held": 24
  },
  {
   "company": "Viatris",
   "ticker": "VTRS",
   "moatshark_slug": "vtrs",
   "sector": "Health care",
   "value_usd": 11642644,
   "shares": 733164,
   "portfolio_pct": 2.75,
   "previous_pct": 2.58,
   "change": "ADD",
   "share_change_pct": 0.2,
   "quarters_held": 22
  },
  {
   "company": "CTO Realty Growth",
   "ticker": "CTO",
   "moatshark_slug": "cto",
   "sector": "Financials",
   "value_usd": 11613249,
   "shares": 539900,
   "portfolio_pct": 2.74,
   "previous_pct": 2.68,
   "change": "REDUCE",
   "share_change_pct": -2.9,
   "quarters_held": 19
  },
  {
   "company": "Jeld-Wen Holding",
   "ticker": "JELD",
   "moatshark_slug": "jeld",
   "sector": "Other",
   "value_usd": 10708642,
   "shares": 7139095,
   "portfolio_pct": 2.53,
   "previous_pct": 2.14,
   "change": "ADD",
   "share_change_pct": 7.8,
   "quarters_held": 6
  },
  {
   "company": "Fossil Group",
   "ticker": "FOSL",
   "moatshark_slug": "fosl",
   "sector": "Other",
   "value_usd": 8873862,
   "shares": 2143445,
   "portfolio_pct": 2.1,
   "previous_pct": 2.73,
   "change": "REDUCE",
   "share_change_pct": -11.6,
   "quarters_held": 12
  },
  {
   "company": "Coty",
   "ticker": "COTY",
   "moatshark_slug": "coty",
   "sector": "Materials",
   "value_usd": 8462243,
   "shares": 3917705,
   "portfolio_pct": 2,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Jackson Financial",
   "ticker": "JXN",
   "moatshark_slug": "jxn",
   "sector": "Insurance",
   "value_usd": 8205739,
   "shares": 80142,
   "portfolio_pct": 1.94,
   "previous_pct": 2.23,
   "change": "REDUCE",
   "share_change_pct": -0.7,
   "quarters_held": 19
  },
  {
   "company": "Ituran Location and Control",
   "ticker": "ITRN",
   "moatshark_slug": "itrn",
   "sector": "Industrials",
   "value_usd": 8157037,
   "shares": 133700,
   "portfolio_pct": 1.93,
   "previous_pct": 2.61,
   "change": "REDUCE",
   "share_change_pct": -34.4,
   "quarters_held": 4
  },
  {
   "company": "Chord Energy",
   "ticker": "CHRD",
   "moatshark_slug": "oaseur",
   "sector": "Energy",
   "value_usd": 7897673,
   "shares": 69096,
   "portfolio_pct": 1.87,
   "previous_pct": 2.57,
   "change": "REDUCE",
   "share_change_pct": -0.3,
   "quarters_held": 10
  },
  {
   "company": "Verizon Communications",
   "ticker": "VZ",
   "moatshark_slug": "vz",
   "sector": "Communication and media",
   "value_usd": 7113120,
   "shares": 168000,
   "portfolio_pct": 1.68,
   "previous_pct": 2.2,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 6
  },
  {
   "company": "Millrose Pptys",
   "ticker": "MRP",
   "moatshark_slug": "mrp",
   "sector": "Real estate",
   "value_usd": 6890465,
   "shares": 229300,
   "portfolio_pct": 1.63,
   "previous_pct": 1.32,
   "change": "ADD",
   "share_change_pct": 26.8,
   "quarters_held": 3
  },
  {
   "company": "Upbound Group",
   "ticker": "UPBD",
   "moatshark_slug": "upbd",
   "sector": "Industrials",
   "value_usd": 5474760,
   "shares": 258000,
   "portfolio_pct": 1.29,
   "previous_pct": 0.57,
   "change": "ADD",
   "share_change_pct": 115,
   "quarters_held": 4
  },
  {
   "company": "Onemain Holdings",
   "ticker": "OMF",
   "moatshark_slug": "omf",
   "sector": "Financials",
   "value_usd": 5056913,
   "shares": 82941,
   "portfolio_pct": 1.2,
   "previous_pct": 1.16,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 43
  },
  {
   "company": "Cal Maine Foods",
   "ticker": "CALM",
   "moatshark_slug": "calm",
   "sector": "Other",
   "value_usd": 4994720,
   "shares": 62000,
   "portfolio_pct": 1.18,
   "previous_pct": 1.28,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 4
  },
  {
   "company": "Alliance Resource Partners L",
   "ticker": "ARLP",
   "moatshark_slug": "arlp",
   "sector": "Materials",
   "value_usd": 4483804,
   "shares": 186981,
   "portfolio_pct": 1.06,
   "previous_pct": 1.34,
   "change": "ADD",
   "share_change_pct": 0.9,
   "quarters_held": 23
  },
  {
   "company": "Strategy",
   "ticker": "MSTR",
   "moatshark_slug": "mstr",
   "sector": "Financials",
   "value_usd": 4364147,
   "shares": 50203,
   "portfolio_pct": 1.03,
   "previous_pct": 1.7,
   "change": "REDUCE",
   "share_change_pct": -3.6,
   "quarters_held": 8
  },
  {
   "company": "UGI",
   "ticker": "UGI",
   "moatshark_slug": "ugi",
   "sector": "Utilities",
   "value_usd": 4179340,
   "shares": 121000,
   "portfolio_pct": 0.99,
   "previous_pct": 1.15,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 10
  },
  {
   "company": "Build-A-Bear Workshop",
   "ticker": "BBW",
   "moatshark_slug": "bbw",
   "sector": "Consumer discretionary",
   "value_usd": 4088486,
   "shares": 133567,
   "portfolio_pct": 0.97,
   "previous_pct": 1.01,
   "change": "ADD",
   "share_change_pct": 28.8,
   "quarters_held": 9
  },
  {
   "company": "Bristol-Myers Squibb",
   "ticker": "BMY",
   "moatshark_slug": "bmy",
   "sector": "Health care",
   "value_usd": 4004590,
   "shares": 69500,
   "portfolio_pct": 0.95,
   "previous_pct": 1.1,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 10
  },
  {
   "company": "Meta Platforms",
   "ticker": "META",
   "moatshark_slug": "meta",
   "sector": "Communication and media",
   "value_usd": 3611815,
   "shares": 6412,
   "portfolio_pct": 0.85,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Crocs",
   "ticker": "CROX",
   "moatshark_slug": "crox",
   "sector": "Other",
   "value_usd": 3481188,
   "shares": 28856,
   "portfolio_pct": 0.82,
   "previous_pct": 0.84,
   "change": "REDUCE",
   "share_change_pct": -25.1,
   "quarters_held": 2
  },
  {
   "company": "Western Alliance Bancorporation",
   "ticker": "WAL",
   "moatshark_slug": "wal",
   "sector": "Financials",
   "value_usd": 3432261,
   "shares": 41755,
   "portfolio_pct": 0.81,
   "previous_pct": 1.02,
   "change": "REDUCE",
   "share_change_pct": -24.4,
   "quarters_held": 14
  },
  {
   "company": "Arbor Realty Trust",
   "ticker": "ABR",
   "moatshark_slug": "abr",
   "sector": "Financials",
   "value_usd": 3311620,
   "shares": 611000,
   "portfolio_pct": 0.78,
   "previous_pct": 1.22,
   "change": "ADD",
   "share_change_pct": 1.2,
   "quarters_held": 2
  },
  {
   "company": "Citi Trends",
   "ticker": "CTRN",
   "moatshark_slug": "ctrn",
   "sector": "Consumer discretionary",
   "value_usd": 3134928,
   "shares": 54200,
   "portfolio_pct": 0.74,
   "previous_pct": 0.61,
   "change": "ADD",
   "share_change_pct": 0.8,
   "quarters_held": 2
  },
  {
   "company": "MercadoLibre",
   "ticker": "MELI",
   "moatshark_slug": "meli",
   "sector": "Consumer discretionary",
   "value_usd": 2905932,
   "shares": 1712,
   "portfolio_pct": 0.69,
   "previous_pct": 1,
   "change": "REDUCE",
   "share_change_pct": -22.7,
   "quarters_held": 2
  },
  {
   "company": "Boise Cascade",
   "ticker": "BCC",
   "moatshark_slug": "bcc",
   "sector": "Industrials",
   "value_usd": 2872310,
   "shares": 37000,
   "portfolio_pct": 0.68,
   "previous_pct": 0.73,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 11
  },
  {
   "company": "Figure Technology Solutions",
   "ticker": "FIGR",
   "moatshark_slug": "figr",
   "sector": "Financials",
   "value_usd": 2753704,
   "shares": 89668,
   "portfolio_pct": 0.65,
   "previous_pct": 0.81,
   "change": "REDUCE",
   "share_change_pct": -1.5,
   "quarters_held": 2
  },
  {
   "company": "Ziff Davis",
   "ticker": "ZD",
   "moatshark_slug": "zd",
   "sector": "Communication and media",
   "value_usd": 2650027,
   "shares": 50602,
   "portfolio_pct": 0.63,
   "previous_pct": 0.75,
   "change": "REDUCE",
   "share_change_pct": -25.6,
   "quarters_held": 2
  },
  {
   "company": "Maplebear",
   "ticker": "CART",
   "moatshark_slug": "cart",
   "sector": "Industrials",
   "value_usd": 2161291,
   "shares": 45645,
   "portfolio_pct": 0.51,
   "previous_pct": 0.45,
   "change": "ADD",
   "share_change_pct": 0.2,
   "quarters_held": 2
  },
  {
   "company": "Resideo Technologies",
   "ticker": "REZI",
   "moatshark_slug": "rezi",
   "sector": "Industrials",
   "value_usd": 2143754,
   "shares": 68931,
   "portfolio_pct": 0.51,
   "previous_pct": 0.61,
   "change": "REDUCE",
   "share_change_pct": -1.2,
   "quarters_held": 2
  },
  {
   "company": "Ameriprise Financial",
   "ticker": "AMP",
   "moatshark_slug": "amp",
   "sector": "Financials",
   "value_usd": 2031389,
   "shares": 4428,
   "portfolio_pct": 0.48,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "LyondellBasell Industries",
   "ticker": "LYB",
   "moatshark_slug": "lyb",
   "sector": "Materials",
   "value_usd": 2000700,
   "shares": 38000,
   "portfolio_pct": 0.47,
   "previous_pct": 0.8,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 6
  },
  {
   "company": "Builders Firstsource",
   "ticker": "BLDR",
   "moatshark_slug": "bldr",
   "sector": "Consumer discretionary",
   "value_usd": 1710410,
   "shares": 19115,
   "portfolio_pct": 0.4,
   "previous_pct": 0.41,
   "change": "ADD",
   "share_change_pct": 1.2,
   "quarters_held": 2
  },
  {
   "company": "Carlyle Group",
   "ticker": "CG",
   "moatshark_slug": "cg",
   "sector": "Financials",
   "value_usd": 1684400,
   "shares": 40000,
   "portfolio_pct": 0.4,
   "previous_pct": 0.51,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 7
  },
  {
   "company": "Shift4 Payments",
   "ticker": "FOUR",
   "moatshark_slug": "four",
   "sector": "Industrials",
   "value_usd": 1457498,
   "shares": 29965,
   "portfolio_pct": 0.34,
   "previous_pct": 0.34,
   "change": "REDUCE",
   "share_change_pct": -0.2,
   "quarters_held": 2
  },
  {
   "company": "Perdoceo Education",
   "ticker": "PRDO",
   "moatshark_slug": "prdo",
   "sector": "Other",
   "value_usd": 1289216,
   "shares": 40288,
   "portfolio_pct": 0.3,
   "previous_pct": 0.39,
   "change": "REDUCE",
   "share_change_pct": -0.3,
   "quarters_held": 2
  },
  {
   "company": "Airbnb",
   "ticker": "ABNB",
   "moatshark_slug": "abnb",
   "sector": "Consumer discretionary",
   "value_usd": 1276595,
   "shares": 8921,
   "portfolio_pct": 0.3,
   "previous_pct": 0.53,
   "change": "REDUCE",
   "share_change_pct": -44.7,
   "quarters_held": 2
  },
  {
   "company": "Pinterest",
   "ticker": "PINS",
   "moatshark_slug": "pins",
   "sector": "Communication and media",
   "value_usd": 1216796,
   "shares": 57860,
   "portfolio_pct": 0.29,
   "previous_pct": 0.29,
   "change": "REDUCE",
   "share_change_pct": -3.6,
   "quarters_held": 2
  },
  {
   "company": "Coupang",
   "ticker": "CPNG",
   "moatshark_slug": "cpng",
   "sector": "Consumer discretionary",
   "value_usd": 1113834,
   "shares": 64124,
   "portfolio_pct": 0.26,
   "previous_pct": 0.31,
   "change": "ADD",
   "share_change_pct": 2.6,
   "quarters_held": 2
  },
  {
   "company": "Sharkninja",
   "ticker": "SN",
   "moatshark_slug": "sn",
   "sector": "Consumer discretionary",
   "value_usd": 903266,
   "shares": 5932,
   "portfolio_pct": 0.21,
   "previous_pct": 0.16,
   "change": "ADD",
   "share_change_pct": 2.7,
   "quarters_held": 2
  },
  {
   "company": "Lithia Motors",
   "ticker": "LAD",
   "moatshark_slug": "lad",
   "sector": "Consumer discretionary",
   "value_usd": 787809,
   "shares": 2712,
   "portfolio_pct": 0.19,
   "previous_pct": 0.17,
   "change": "ADD",
   "share_change_pct": 2.2,
   "quarters_held": 2
  },
  {
   "company": "Vroom",
   "ticker": "VRM",
   "moatshark_slug": "vrm",
   "sector": "Consumer discretionary",
   "value_usd": 450358,
   "shares": 58488,
   "portfolio_pct": 0.11,
   "previous_pct": 0.2,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 2
  },
  {
   "company": "United Natural Foods",
   "ticker": "UNFI",
   "moatshark_slug": "unfi",
   "sector": "Consumer staples",
   "value_usd": 214877,
   "shares": 4705,
   "portfolio_pct": 0.05,
   "previous_pct": 0.06,
   "change": "REDUCE",
   "share_change_pct": -10.4,
   "quarters_held": 9
  },
  {
   "company": "Technipfmc",
   "ticker": "FTI",
   "moatshark_slug": "fti",
   "sector": "Industrials",
   "value_usd": 210171,
   "shares": 3170,
   "portfolio_pct": 0.05,
   "previous_pct": 0.06,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 18
  },
  {
   "company": "Tutor Perini",
   "ticker": "TPC",
   "moatshark_slug": "tpc",
   "sector": "Industrials",
   "value_usd": 204936,
   "shares": 2470,
   "portfolio_pct": 0.05,
   "previous_pct": 0.06,
   "change": "REDUCE",
   "share_change_pct": -11.6,
   "quarters_held": 18
  },
  {
   "company": "Spdr S&P 500 Etf Trust",
   "ticker": "SPY",
   "moatshark_slug": "spy",
   "sector": null,
   "value_usd": 0,
   "shares": 0,
   "portfolio_pct": 0,
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 ]
}