1y return+14.5%S&P 500 +20.9%
3y return+48.7%S&P 500 +68.5%
5y return+49.1%S&P 500 +74.5%
10y return+175.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $276 against $357 in the S&P 500.2
Miller Investment Management, LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SPYSpdr S&p 500 Etf Tr | $222.3M | 20.3% | +1.9% |
| BILSSpdr Ser Tr | $121.7M | 11.1% | −2.8% |
| VGSHVanguard Scottsdale Fds | $89.5M | 8.2% | −8.1% |
| BRK/BBerkshire Hathaway Inc Del | $79.4M | 7.3% | +2.9% |
| VGITVanguard Scottsdale Fds | $76.7M | 7.0% | −1.9% |
| EFAIshares Tr | $67.5M | 6.2% | |
| SMHVaneck Vectors Etf Tr | $62.7M | 5.7% | |
| METAMeta Platforms Inc | $33.8M | 3.1% | +3.6% |
| GOOGLAlphabet Inc | $32.0M | 2.9% | +1.9% |
| VVVanguard Index Fds | $31.1M | 2.8% | +4.3% |
| EWJIshares Inc | $30.6M | 2.8% | +1.6% |
| XLVSelect Sector Spdr Tr | $30.5M | 2.8% | −5.2% |
| IWRIshares Tr | $21.1M | 1.9% | +1.7% |
| XLCSelect Sector Spdr Tr | $18.4M | 1.7% | +1.8% |
| VEAVanguard Tax-managed Intl Fd | $17.4M | 1.6% | +19.1% |
| VBILVanguard Instl Index Fd | $16.1M | 1.5% | +8.5% |
| MSFTMicrosoft Corporation | $14.1M | 1.3% | +5.0% |
| AMZNAmazon Com Inc | $12.8M | 1.2% | +2.3% |
| URIUnited Rentals Inc | $12.8M | 1.2% | −3.8% |
| PPHVaneck Etf Trust | $11.0M | 1.0% | −25.1% |
| BBHVaneck Etf Trust | $7.8M | 0.7% | −1.9% |
| CAHCardinal Health Inc | $5.6M | 0.5% | |
| IBBIshares Tr | $4.8M | 0.4% | −28.6% |
| VTIVanguard Index Fds | $3.9M | 0.4% | |
| VIGVanguard Specialized Funds | $3.9M | 0.4% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| URIUnited Rentals Inc | June 30, 2020 | +660.3% | $12.8M |
| SMHVaneck Vectors Etf Tr | March 31, 2021 | +438.6% | $62.7M |
| CAHCardinal Health Inc | June 30, 2020 | +355.2% | $5.6M |
| DEDeere & Company | June 30, 2020 | +303.7% | $2.7M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $3.7M |
| WFCWells Fargo & Co New | June 30, 2020 | +222.8% | $1.7M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $2.7M |
| RTXRaytheon Technologies Corp | June 30, 2020 | +207.9% | $2.0M |
| ORCLOracle Corp | June 30, 2020 | +165.2% | $2.1M |
| GOOGLAlphabet Inc | March 31, 2022 | +157.0% | $32.0M |
Sold off last quarter
- IWDIshares Tr was $720K
- MCDMcdonalds Corp was $513K
- Exxon Mobil CorpCUSIP 30231G102 was $405K
- KOCoca Cola Co was $395K
- NKENike Inc was $252K
- LMTLockheed Martin Corp was $231K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.3% | +14.8% |
| March 31, 2026 | −2.9% | −4.6% |
| December 31, 2025 | +1.6% | +2.4% |
| September 30, 2025 | +6.1% | +7.8% |
| June 30, 2025 | +6.4% | +10.5% |
| March 31, 2025 | −0.5% | −4.6% |
| December 31, 2024 | −2.7% | +2.1% |
| September 30, 2024 | +7.0% | +5.4% |
| June 30, 2024 | −0.1% | +4.0% |
| March 31, 2024 | +10.4% | +10.0% |
| December 31, 2023 | +10.0% | +11.2% |
| September 30, 2023 | −2.8% | −3.6% |
| June 30, 2023 | +6.5% | +8.3% |
| March 31, 2023 | +4.2% | +7.0% |
| December 31, 2022 | +10.2% | +7.1% |
| September 30, 2022 | −4.8% | −5.3% |
| June 30, 2022 | −15.0% | −16.5% |
| March 31, 2022 | −5.4% | −4.9% |
| December 31, 2021 | +9.2% | +10.7% |
| September 30, 2021 | −2.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Miller Investment Management, LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1407382&type=13F-HR&dateb=&owner=include&count=40CIK 1407382
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1407382/000140738226000007/Filed August 13, 2026 · accession 0001407382-26-000007