Miller Investment Management, LP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Miller Investment Management, LP reported 105 stock positions worth $782.7 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 21.4% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 9.1%) and iShares MSCI Eafe ETF (EFA, 7.9%). Compared with Q4 2023, it opened 3 new positions, added to 20 and reduced 11. The biggest buy was Meta Platforms Class A (META, shares +1%) and the biggest sale iShares Biotechnology ETF (IBB, shares −0%).

Most Recent 13F
Q2 2026
Location
WEST CONSHOHOCKEN, PA
CIK
0001407382
Portfolio Value
$782.7M (Q1 2024)
SEC Filing
0001407382-24-000005 ↗ filed May 14, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $782.7M $782.7M Q1 2024 Q2 2024: $836.9M Q2 2024 Q3 2024: $960.4M Q3 2024 Q4 2024: $913.6M Q4 2024 Q1 2025: $904.0M Q1 2025 Q2 2025: $952.4M Q2 2025 Q3 2025: $995.1M Q3 2025 Q4 2025: $1.0B Q4 2025 Q1 2026: $1.0B Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 105 stocks · $782.7M
SPY SS SPDR S&P 500 ETF Trust-US 21.43% 320,672 $167.7M Add +0.9%
BRK.B Berkshire Hathaway Inc. Class B 9.05% 168,472 $70.8M Add +0.5%
EFA iShares MSCI Eafe ETF 7.85% 769,676 $61.5M Add +0.9%
XLB SS Materials Select Sector 5.45% 459,033 $42.6M Reduce -0.1%
EWJ iShares MSCI Japan ETF 3.79% 415,568 $29.7M Add +1.1%
META Meta Platforms Inc. Class A 3.75% 60,417 $29.3M Add +0.6%
VGSH Vanguard Short-Term Treasury 2.74% 369,008 $21.4M Add +1.1%
GSPY Gotham Enhanced 500 ETF 2.67% 726,732 $20.9M Reduce -0.8%
IWR iShares Russell Mid-Cap ETF 2.56% 238,657 $20.1M Add +0.7%
IWM iShares Russell 2000 ETF 2.54% 94,675 $19.9M Add +0.8%
SMH Vaneck Semiconductor ETF 2.27% 79,098 $17.8M Add +0.8%
BBH Vaneck Biotech ETF 2.19% 103,226 $17.2M Add +0.6%
XLV SS Health Care Select Sector 2.14% 113,455 $16.8M Add +0.6%
QTEC First Trust Nasdq 100 Tech I 2.13% 87,449 $16.7M Add +0.7%
XLC SS Comm Select Sector SPDR 2.06% 197,670 $16.1M Add +0.6%
XLP SS Consumer Staples Sel Sect 1.86% 191,046 $14.6M Reduce -0.1%
DHI D.R. Horton Inc. 1.80% 85,623 $14.1M Add +0.6%
LEN Lennar Corp. Class A 1.75% 79,632 $13.7M Add +0.6%
PPH Vaneck Pharmaceutical ETF 1.67% 144,045 $13.1M Add +0.7%
IBB iShares Biotechnology ETF 1.58% 90,031 $12.4M Reduce -0.1%
NVR NVR Inc. 1.47% 1,417 $11.5M Add +0.7%
URI United Rentals Inc. 1.16% 12,622 $9.1M Reduce -2.7%
GOOGL Alphabet Inc. Class A 1.14% 59,106 $8.9M Add +0.6%
MSFT Microsoft Corp. 0.65% 12,155 $5.1M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.61% 12,010 $4.8M No change
RSPM Invesco S&P 500 Equal Weight 0.56% 120,000 $4.4M No change
VIG Vanguard Dividend Apprec ETF 0.56% 23,831 $4.4M No change
VEU Vanguard Ftse All-World Ex-U 0.54% 71,650 $4.2M Reduce -0.6%
JPM JPMorgan Chase & Co. 0.48% 18,935 $3.8M No change
EMR Emerson Electric Co. 0.44% 30,375 $3.4M No change
PNC PNC Financial Services Group 0.44% 21,260 $3.4M No change
JNJ Johnson & Johnson 0.43% 21,275 $3.4M No change
VTI VG Morningstar TS MKT ETF-US 0.40% 12,002 $3.1M Add +0.0%
WMT Walmart Inc. 0.37% 48,450 $2.9M No change
MDY State Street SPDR S&P Midcap 0.37% 5,201 $2.9M No change
CNC Centene Corp. 0.37% 36,860 $2.9M Reduce -1.3%
CAH Cardinal Health Inc. 0.34% 23,471 $2.6M No change
UPS United Parcel Service Class B 0.32% 16,859 $2.5M No change
XLF SS Financial Select Sector 0.31% 57,192 $2.4M No change
MDT Medtronic PLC 0.29% 26,165 $2.3M No change
CMCSA Comcast Corp. Class A 0.27% 49,535 $2.1M No change
DE Deere & Co. 0.26% 4,945 $2.0M No change
WFC Wells Fargo & Co. 0.25% 34,082 $2.0M No change
VAW Vanguard Materials ETF 0.25% 9,448 $1.9M No change
KMB Kimberly-Clark Corp. 0.24% 14,626 $1.9M No change
RSP Invesco S&P 500 Equal Weight 0.24% 10,947 $1.9M No change
DGX Quest Diagnostics Inc. 0.22% 13,153 $1.8M No change
SWK Stanley Black & Decker Inc. 0.22% 17,845 $1.7M No change
RTX RTX Corp. 0.22% 17,500 $1.7M No change
STZ Constellation Brands Inc. Class A 0.21% 6,000 $1.6M No change
AAPL Apple Inc. 0.21% 9,503 $1.6M Reduce -1.5%
CVX Chevron Corp. 0.21% 10,220 $1.6M No change
COWZ Pacer US Cash Cows 100 ETF 0.19% 25,503 $1.5M No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.19% 6,056 $1.5M Add +512.3%
AMGN Amgen Inc. 0.19% 5,098 $1.4M No change
ORCL Oracle Corp. 0.17% 10,543 $1.3M No change
ACGL Arch Capital Group Ltd. 0.17% 14,315 $1.3M No change
HD Home Depot Inc. 0.17% 3,404 $1.3M No change
BDX Becton Dickinson and Co. 0.16% 5,087 $1.3M No change
VOO Vanguard S&P 500 ETF 0.16% 2,529 $1.2M New
DOV Dover Corp. 0.15% 6,542 $1.2M No change
IWB iShares Russell 1000 ETF 0.14% 3,779 $1.1M No change
PSX Phillips 66 0.14% 6,500 $1.1M No change
ITW Illinois Tool Works 0.13% 3,885 $1.0M No change
AMLP Alerian MLP ETF 0.13% 21,690 $1.0M No change
GPC Genuine Parts Co. 0.13% 6,570 $1.0M No change
VEA Vanguard Ftse Developed ETF 0.13% 20,187 $1.0M No change
MMM 3M Co. 0.13% 9,490 $1.0M No change
LLY Eli Lilly & Co. 0.12% 1,250 $972K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.12% 9,534 $967K No change
QQQ Invesco QQQ Trust Series 1 0.12% 2,084 $925K No change
PEP Pepsico Inc. 0.10% 4,631 $810K No change
MCD McDonald's Corp. 0.10% 2,826 $797K No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.10% 8,679 $797K No change
COR Cencora Inc. 0.09% 3,045 $740K No change
CTAS Cintas Corp. 0.09% 1,001 $688K No change
ACN Accenture PLC Class A 0.08% 1,833 $635K No change
XBI SS SPDR S&P Biotech ETF 0.08% 6,575 $624K No change
ABBV Abbvie Inc. 0.08% 3,390 $617K No change
IWD iShares Russell 1000 Value E 0.08% 3,368 $603K Reduce -30.8%
CCK Crown Holdings Inc. 0.08% 7,421 $588K No change
ONIT Onity Group Inc. filed as OCWEN FINL CORP 0.07% 20,032 $541K No change
GDXJ Vaneck Junior Gold Miners 0.07% 13,550 $525K No change
AVY Avery Dennison Corp. 0.06% 2,230 $498K No change
NKE Nike Inc. Class B 0.06% 4,771 $448K No change
GD General Dynamics Corp. 0.06% 1,554 $439K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.06% 3,523 $431K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.05% 1,672 $418K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 1,822 $348K No change
AEG Aegon Ltd.-NY Reg SHR 0.04% 57,015 $345K No change
CARR Carrier Global Corp. 0.04% 5,840 $339K No change
KO The Coca-Cola Co. 0.04% 5,292 $324K No change
DVN Devon Energy Corp. 0.04% 6,000 $301K No change
PKW Invesco Buyback Achievers Et 0.04% 2,675 $290K No change
EFG iShares MSCI Eafe Growth ETF 0.03% 2,455 $255K Reduce -0.6%
XLK SS Technology Select Sector 0.03% 1,217 $253K Reduce -4.5%
MOAT Vaneck Morningstar Wide Moat 0.03% 2,805 $252K No change
DHR Danaher Corp. 0.03% 992 $248K No change
QCOM Qualcomm Inc. 0.03% 1,448 $245K No change
XOM Exxon Mobil Corp. 0.03% 2,100 $244K No change

Show all 105 holdings

Portfolio Sells Q4 2023 → Q1 2024
IBB iShares Biotechnology ETF Reduce -0.1% 1.58% −0.16
XLB SS Materials Select Sector Reduce -0.1% 5.45% −0.14
XLP SS Consumer Staples Sel Sect Reduce -0.1% 1.86% −0.10
AAPL Apple Inc. Reduce -1.5% 0.21% −0.06
GSPY Gotham Enhanced 500 ETF Reduce -0.8% 2.67% −0.05
VEU Vanguard Ftse All-World Ex-U Reduce -0.6% 0.54% −0.04
IWD iShares Russell 1000 Value E Reduce -30.8% 0.08% −0.04
CNC Centene Corp. Reduce -1.3% 0.37% −0.02
XLK SS Technology Select Sector Reduce -4.5% 0.03% −0.00
EFG iShares MSCI Eafe Growth ETF Reduce -0.6% 0.03% −0.00
URI United Rentals Inc. Reduce -2.7% 1.16% +0.10

Portfolio Buys Q4 2023 → Q1 2024
META Meta Platforms Inc. Class A Add +0.6% 3.75% +0.72
BRK.B Berkshire Hathaway Inc. Class B Add +0.5% 9.05% +0.54
SMH Vaneck Semiconductor ETF Add +0.8% 2.27% +0.32
VOO Vanguard S&P 500 ETF New 0.16% +0.16
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +512.3% 0.19% +0.15
LEN Lennar Corp. Class A Add +0.6% 1.75% +0.07
NVR NVR Inc. Add +0.7% 1.47% +0.07
EWJ iShares MSCI Japan ETF Add +1.1% 3.79% +0.04
XLC SS Comm Select Sector SPDR Add +0.6% 2.06% +0.03
CI The Cigna Group New 0.03% +0.03
GOOG Alphabet Inc. Class C New 0.03% +0.03
PPH Vaneck Pharmaceutical ETF Add +0.7% 1.67% +0.01
VTI VG Morningstar TS MKT ETF-US Add +0.0% 0.40% −0.01
GOOGL Alphabet Inc. Class A Add +0.6% 1.14% −0.03
QTEC First Trust Nasdq 100 Tech I Add +0.7% 2.13% −0.04
DHI D.R. Horton Inc. Add +0.6% 1.80% −0.04
XLV SS Health Care Select Sector Add +0.6% 2.14% −0.05
SPY SS SPDR S&P 500 ETF Trust-US Add +0.9% 21.43% −0.06
IWR iShares Russell Mid-Cap ETF Add +0.7% 2.56% −0.06
IWM iShares Russell 2000 ETF Add +0.8% 2.54% −0.14
BBH Vaneck Biotech ETF Add +0.6% 2.19% −0.22
VGSH Vanguard Short-Term Treasury Add +1.1% 2.74% −0.29
EFA iShares MSCI Eafe ETF Add +0.9% 7.85% −0.33

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 83$1.1BSPY, BILS, VGSH, BRK.B, VGIT
Q1 2026 86$1.0BSPY, BILS, VGSH, VGIT, BRK.B
Q4 2025 89$1.0BSPY, BILS, VGSH, BRK.B, VGIT
Q3 2025 98$995.1MSPY, BILS, BRK.B, EFA, VGSH
Q2 2025 96$952.4MSPY, BILS, BRK.B, EFA, VGSH
Q1 2025 97$904.0MSPY, BILS, BRK.B, EFA, VGSH
Q4 2024 100$913.6MSPY, BILS, BRK.B, EFA, VGSH
Q3 2024 104$960.4MSPY, BILS, BRK.B, EFA, VGSH
Q2 2024 103$836.9MSPY, BRK.B, EFA, VGSH, BILS
Q1 2024 105$782.7MSPY, BRK.B, EFA, XLB, EWJ