9/19/2023 0 Comments Bill millersFinancial stocks on his portfolio grew from 12% of the overall portfolio in the second quarter of 2020 to 21% by the end of the year. Meanwhile, the investing legend looks exceptionally bullish on financial stocks. Bill Miller initiated a position in two energy stocks including Diamondback Energy (NYSE: FANG) and Alliance Resource Partners (NYSE: ARLP) and added to his existing Energy Transfer Equity LP (NYSE: ET) position. The energy sector accounted for 2.72% of the overall 13F portfolio of the hedge fund at the end of the fourth quarter, up from 1.06% at the end of the September quarter. It also appears that the investing legend has significantly increased his stake in the energy and financial sectors during the past two quarters. The energy sector is up more than 25% since the beginning of this year while the financial sector remains the second-best performer among the 11 S&P 500 sectors. The 2020 laggards like energy and banking stocks are leading gains this year while 2020 winners like Amazon (NASDAQ: AMZN) and Facebook (NASDAQ: FB) are struggling to trade in green in 2021. His hedge fund values businesses based on their strong fundamentals and competitive advantage instead of PE ratios. He believes in buying stocks that are trading at discounts and holding them for longer period of time. Miller has spread investments across nine sectors. Bill Miller's portfolio diversification strategies and a keen eye on profit-making opportunities have also helped his hedge fund bounce back after posting a 33% loss in 2018. The firm has generated a 120% return in 2019 and a 35% return in the latest quarter. Value investing legend Bill Miller’s strategy of investing in high growth stocks from information technology, consumer discretionary, and communications sectors worked for his hedge fund Miller Value Partners in the past two years. Miller Value Partners loves free cash flows, and analyzes fundamentals, strategy, peers, management and capital allocation to determine the actual worth of a business. Miller’s investment philosophy is to brutally scrutinize a stock to gauge its core value, ignoring all kinds of hypes and factors that may add up artificial weight to the stock price. program at Johns Hopkins University Department of Philosophy after completing his military service. The 71-year-old, born in North Carolina, loves philosophy and pursued a Ph.D. Miller worked for the now-defunct investment management firm Legg Mason - famous for beating the S&P 500 for 15 straight years - before starting his hedge fund Miller Value Partners. Click to skip ahead and see Value Investor Bill Miller's Top 5 Stock Picks.īill Miller is an American investor and hedge fund manager, known for his legendary stock-picking strategies and investing perspective. For that, we will review value investor Bill Miller's top 10 stock picks. We will also closely examine how the legendary investor is seeking to beat the market trend in 2021. In this article, we will discuss value investor Bill Miller's stock portfolio strategies that helped his hedge fund Miller Value Partners in generating significant gains in the last two years.
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