Latest Miller Investment Management, LP Stock Portfolio

Miller Investment Management, LP Performance:

2025 Q4: 1.36%YTD: 13.47%2024: 13.68%

Performance for 2025 Q4 is 1.36%, and YTD is 13.47%, and 2024 is 13.68%.

About Miller Investment Management, LP and 13F Hedge Fund Stock Holdings

On 2026-02-11, the fund reported it's updated stock portfolio. In the 13F Holdings report, Miller Investment Management, LP reported an equity portfolio of $1 Billions as of 31 Dec, 2025.

The top stock holdings of Miller Investment Management, LP are SPY, BIL, BNDW. The fund has invested 19.4% of it's portfolio in SPDR S&P 500 ETF TR and 9.8% of portfolio in SPDR SER TR.

The fund managers got completely rid off FIRST TR NASDAQ 100 TECH IND (QTEC), SELECT SECTOR SPDR TR (XLB) and SPDR S&P MIDCAP 400 ETF TR (MDY) stocks. They significantly reduced their stock positions in VANGUARD INTL EQUITY INDEX F (VEU), TIDAL ETF TR (ACSI) and VANECK ETF TRUST (AFK). Miller Investment Management, LP opened new stock positions in DANAHER CORPORATION (DHR). The fund showed a lot of confidence in some stocks as they added substantially to VANGUARD SCOTTSDALE FDS (BNDW), VANGUARD INSTL INDEX FD and VANGUARD TAX-MANAGED INTL FD (VEA).

Miller Investment Management, LP Annual Return Estimates Vs S&P 500

Our best estimate is that Miller Investment Management, LP made a return of 1.36% in the last quarter. In trailing 12 months, it's portfolio return was 13.47%.

Performance
S&P 500

New Buys

Ticker	$ Bought
danaher corporation	227,089

New stocks bought by Miller Investment Management, LP

Additions

Ticker	% Inc.
vanguard scottsdale fds	5,236
vanguard instl index fd	382
vanguard tax-managed intl fd	148
vanguard scottsdale fds	39.68
select sector spdr tr	28.53
amazon com inc	4.96
microsoft corporation	2.95
vanguard index fds	1.18

Additions to existing portfolio by Miller Investment Management, LP

Reductions

Ticker	% Reduced
vanguard intl equity index f	-71.33
tidal etf tr	-57.59
vaneck etf trust	-51.8
ishares tr	-51.16
vanguard index fds	-50.34
ishares tr	-22.28
vaneck vectors etf tr	-17.53
spdr ser tr	-17.28

Miller Investment Management, LP reduced stake in above stock

Sold off

Ticker	$ Sold
first tr nasdaq 100 tech ind	-13,325,600
select sector spdr tr	-3,385,310
select sector spdr tr	-1,995,450
millrose pptys inc	-1,208,310
select sector spdr tr	-958,700
dover corp	-1,091,400
spdr s&p midcap 400 etf tr	-3,099,950
ishares tr	-256,230

Miller Investment Management, LP got rid off the above stocks

Sector Distribution

Miller Investment Management, LP has about 80.9% of it's holdings in Others sector.

Sector	%
Others	80.9
Communication Services	6.4
Consumer Cyclical	5
Technology	2.3
Industrials	2.1
Healthcare	1.6

Market Cap. Distribution

Miller Investment Management, LP has about 19.1% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	80.8
MEGA-CAP	11.2
LARGE-CAP	7.9

Stocks belong to which Index?

About 19% of the stocks held by Miller Investment Management, LP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	80.9
S&P 500	19

Top 5 Winners (%)		%
LLY	lilly eli & co	40.9 %
CAH	cardinal health inc	30.8 %
GOOG	alphabet inc	28.8 %
GOOG	alphabet inc	27.9 %
BIL	spdr series trust	21.7 %

Top 5 Winners ($)		$
GOOG	alphabet inc	6.3 M
SPY	spdr s&p 500 etf tr	4.6 M
AFK	vaneck vectors etf tr	3.6 M
XLB	select sector spdr tr	2.8 M
AFK	vaneck etf trust	2.1 M

Top 5 Losers (%)		%
ORCL	oracle corp	-30.7 %
KMB	kimberly-clark corp	-18.9 %
LEN	lennar corp	-18.1 %
AJG	gallagher arthur j & co	-16.4 %
URI	united rentals inc	-15.2 %

Top 5 Losers ($)		$
META	meta platforms inc	-4.4 M
LEN	lennar corp	-2.3 M
DHI	d r horton inc	-2.2 M
URI	united rentals inc	-1.7 M
NVR	nvr inc	-1.2 M

Miller Investment Management, LP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Miller Investment Management, LP

Miller Investment Management, LP has 89 stocks in it's portfolio. About 71.7% of the portfolio is in top 10 stocks. META proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for Miller Investment Management, LP last quarter.

Last Reported on: 11 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	0.25	9,320	2,533,740	reduced	-0.2

AAXJ	ishares tr	0.00	0.00	0.00	sold off	-100

ABBV	abbvie inc	0.08	3,390	774,581	unchanged	0.00

ABC	amerisourcebergen corp	0.10	3,045	1,028,450	unchanged	0.00

ACES	alps etf tr	0.06	13,079	614,975	reduced	-2.07

ACN	accenture plc ireland	0.05	1,833	491,794	unchanged	0.00

ACSI	tidal etf tr	0.15	40,578	1,494,400	reduced	-57.59

AEG	aegon ltd	0.04	57,015	439,586	unchanged	0.00

AFK	vaneck vectors etf tr	3.40	96,645	34,804,800	reduced	-17.53

AFK	vaneck etf trust	1.54	152,936	15,778,400	reduced	-15.93

AFK	vaneck etf trust	0.72	38,925	7,367,140	reduced	-51.8

AJG	gallagher arthur j & co	0.04	1,672	432,697	unchanged	0.00

AMGN	amgen inc	0.16	5,098	1,668,630	unchanged	0.00

AMZN	amazon com inc	1.17	51,797	11,955,800	added	4.96

APH	amphenol corp new	0.03	2,178	294,335	unchanged	0.00

AVY	avery dennison corp	0.04	2,230	405,592	unchanged	0.00

BDX	becton dickinson & co	0.07	3,488	676,916	added	0.32

BIL	spdr ser tr	9.78	1,009,090	100,122,000	reduced	-14.94

BIL	spdr ser tr	0.06	7,179	656,017	reduced	-17.28

BIL	spdr series trust	0.04	3,435	418,830	unchanged	0.00