Q2 2026 13F · SEC CIK 1407382

Miller Investment Management, LP

Wealth managerFiled 2026-08-13 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.1B
Reported positions: 83
Top holdings a year, 3 yrs: +14.9%
Assets under management: $7.1B

Miller Investment Management, LP is a wealth manager that reported 83 positions worth $1.1B in its Q2 2026 13F, filed 2026-08-13. Its largest holdings were State Str Spdr S&p 500 ETF T (SPY, 20.3%), Spdr Series Trust (BILS, 11.1%), Vanguard Scottsdale Fds (VGSH, 8.2%). A portfolio copying its top holdings returned 14.9% a year over the last 3 years, against 20.4% for the S&P 500.

Miller Investment Management, LP holdings largest 50 of 83 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Miller Investment Management, LP 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
SPYState Str Spdr S&p 500 ETF T	20.3%	18.9%	297,731	+1.9%	$222.3M
BILSSpdr Series Trust	11.1%	12.4%	1,225,012	-2.8%	$121.7M
VGSHVanguard Scottsdale Fds	8.2%	9.7%	1,537,843	-8.1%	$89.5M
BRK-BBerkshire Hathaway Inc Del	7.3%	7.3%	158,746	+2.9%	$79.4M
VGITVanguard Scottsdale Fds	7.0%	7.8%	1,300,506	-1.9%	$76.7M
EFAIshares Tr	6.2%	6.3%	649,538	-0.4%	$67.5M
SMHVaneck ETF Trust	5.7%	3.6%	95,530	+0.7%	$62.7M
METAMeta Platforms Inc	3.1%	3.3%	59,978	+3.6%	$33.8M
GOOGLAlphabet Inc	2.9%	2.5%	89,592	+1.9%	$32.0M
VVVanguard Index Fds	2.8%	2.6%	90,501	+4.3%	$31.1M
EWJIshares Inc	2.8%	2.7%	328,285	+1.6%	$30.6M
XLVSelect Sector Spdr Tr	2.8%	3.0%	192,381	-5.2%	$30.5M
IWRIshares Tr	1.9%	1.8%	191,472	+1.7%	$21.1M
XLCSelect Sector Spdr Tr	1.7%	1.9%	171,942	+1.8%	$18.4M
VEAVanguard Ftse Developed Markets Index Fu	1.6%	1.3%	243,657	+19.1%	$17.4M
VBILVanguard Instl Index Fd	1.5%	1.5%	212,630	+8.5%	$16.1M
MSFTMicrosoft Corp	1.3%	1.3%	37,833	+5.0%	$14.1M
AMZNAmazon Com Inc	1.2%	1.1%	53,686	+2.3%	$12.8M
URIUnited Rentals Inc	1.2%	0.8%	11,266	-3.8%	$12.8M
PPHVaneck ETF Trust	1.0%	1.4%	100,256	-25.1%	$11.0M
BBHVaneck ETF Trust	0.7%	0.7%	38,226	-1.9%	$7.8M
CAHCardinal Health Inc	0.5%	0.5%	23,553	+0.0%	$5.6M
IBBIshares Tr	0.4%	0.6%	25,040	-28.6%	$4.8M
VTIVanguard Index Fds	0.4%	0.3%	10,429	+0.0%	$3.9M
VIGVanguard Specialized Funds	0.4%	0.3%	16,293	+0.0%	$3.9M
JPMJpmorgan Chase & Co	0.3%	0.3%	11,410	+0.0%	$3.7M
JNJJohnson & Johnson	0.3%	0.3%	12,849	+0.0%	$3.3M
PNCPnc Finl Svcs Group Inc	0.3%	0.3%	12,580	+0.0%	$3.1M
DIASpdr Dow Jones Indl Average	0.3%	0.3%	5,717	+0.0%	$3.0M
AAPLApple Inc	0.2%	0.2%	9,215	-0.3%	$2.7M
DEDeere & Co	0.2%	0.2%	4,185	+0.0%	$2.7M
EMREmerson Elec Co	0.2%	0.2%	16,570	-12.7%	$2.4M
CNCCentene Corp Del	0.2%	0.1%	33,795	-2.9%	$2.2M
ORCLOracle Corp	0.2%	0.2%	14,571	+15.9%	$2.1M
RTXRtx Corporation	0.2%	0.2%	10,350	+0.0%	$2.0M
AMGNAmgen Inc	0.2%	0.2%	5,098	+0.0%	$1.8M
IWMIshares Tr	0.2%	0.2%	6,138	+0.0%	$1.8M
WFCWells Fargo & Co	0.2%	0.2%	20,342	+0.0%	$1.7M
GSPYTidal ETF Tr	0.2%	0.1%	40,578	+0.0%	$1.6M
DGXQuest Diagnostics Inc	0.1%	0.1%	7,586	+0.0%	$1.6M
QQQInvesco Qqq Tr	0.1%	0.1%	2,084	+0.0%	$1.5M
LLYEli Lilly & Co	0.1%	0.1%	1,250	+0.0%	$1.5M
TJXTjx Cos Inc New	0.1%	0.1%	9,214	+0.0%	$1.4M
MDTMedtronic PLC	0.1%	0.1%	15,885	+0.0%	$1.2M
DISDisney Walt Co	0.1%	—	12,327	—	$1.2M
HDHome Depot Inc	0.1%	0.1%	3,275	+0.0%	$1.2M
APHAmphenol Corp	0.1%	—	6,472	—	$1.1M
PSXPhillips 66	0.1%	0.1%	6,500	+0.0%	$1.1M
UPSUnited Parcel Svcs Inc	0.1%	0.1%	9,947	+0.0%	$1.1M
KMBKimberly-Clark Corp	0.1%	—	9,321	—	$1.0M

What Miller Investment Management, LP bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

VEA Vanguard Ftse Developed Markets Index Fu+19.1% shares
ORCL Oracle Corp+15.9% shares
VBIL Vanguard Instl Index Fd+8.5% shares
MSFT Microsoft Corp+5.0% shares

Reduced

IBB Ishares Tr-28.6% shares
PPH Vaneck ETF Trust-25.1% shares
EMR Emerson Elec Co-12.7% shares
VGSH Vanguard Scottsdale Fds-8.1% shares
XLV Select Sector Spdr Tr-5.2% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +12.4% /yr; S&P 500 +20.1%
3 years: +14.9% /yr; S&P 500 +20.4%
5 years: +8.1% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$1.1B	83
Q1 2026	$1.0B	86
Q4 2025	$1.0B	89
Q3 2025	$995.1M	98
Q2 2025	$952.4M	96
Q1 2025	$904.0M	97
Q4 2024	$913.6M	100
Q3 2024	$960.4M	104
Q2 2024	$836.9M	103
Q1 2024	$782.7M	105
Q4 2023	$702.9M	102
Q3 2023	$635.4M	97

Questions about Miller Investment Management, LP's portfolio

What stocks does Miller Investment Management, LP own?

Miller Investment Management, LP's latest 13F, for Q2 2026 and filed Aug 13, 2026, lists 83 positions worth $1.1B. The largest are State Str Spdr S&p 500 ETF T (SPY) at 20.3%, Spdr Series Trust (BILS) at 11.1%, Vanguard Scottsdale Fds (VGSH) at 8.2%, Berkshire Hathaway Inc Del (BRK-B) at 7.3% and Vanguard Scottsdale Fds (VGIT) at 7.0%.

What did Miller Investment Management, LP buy last quarter?

In Q2 2026, Miller Investment Management, LP added Vanguard Ftse Developed Markets Index Fu (VEA) (+19.1% shares), Oracle Corp (ORCL) (+15.9% shares) and Vanguard Instl Index Fd (VBIL) (+8.5% shares), compared with its Q1 2026 filing.

What did Miller Investment Management, LP sell last quarter?

In Q2 2026, Miller Investment Management, LP cut from its top 50 Chevron Corporation (CVX), cut from its top 50 Onity Group Inc (ONIT), cut from its top 50 Cencora Inc (COR), Ishares Tr (IBB) (-28.6% shares), Vaneck ETF Trust (PPH) (-25.1% shares) and Emerson Elec Co (EMR) (-12.7% shares), compared with its Q1 2026 filing.

How has Miller Investment Management, LP's portfolio performed?

A portfolio copying Miller Investment Management, LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +14.9% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +12.4% against +20.1%. Over 5 years: +8.1% a year against +11.6%.

When is Miller Investment Management, LP's next 13F filing due?

13F filings are due 45 days after each quarter ends. Miller Investment Management, LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Miller Investment Management, LP manage?

Miller Investment Management, LP reported $7.1B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $1.1B.