Miller Investment Management, LP
Annual return '25
+64.5%
SPY '25
+17.7%
Alpha
+46.8ptsvs SPY
Invested
$2B
Holdings
86
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 100%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$SPY
SPDR S&P 500 ETF TR
Q4 2025: New position (35.1k shares)
19.3%
02
$BILS
SPDR SER TR
Held since at least Q1 2024
12.7%
03
$VGSH
VANGUARD SCOTTSDALE FDS
Q1 2026: Increased +4.7% (390.9k → 409.3k shares)
9.9%
04
$VGIT
VANGUARD SCOTTSDALE FDS
Q1 2026: Increased +15.9% (167.0k → 193.6k shares)
8.0%
05
$BRK/B
BERKSHIRE HATHAWAY INC DEL
Held since at least Q1 2024
7.5%
06
$EFA
ISHARES TR
Q1 2026: Sold 1.8% (54.0k → 53.0k shares)
6.4%
07
$SMH
VANECK VECTORS ETF TR
Q4 2025: New position (1.4k shares)
3.7%
08
$META
META PLATFORMS INC
Q1 2026: Sold 4.3% (7.1k → 6.8k shares)
3.4%
09
$XLV
SELECT SECTOR SPDR TR
Q4 2025: New position (23.3k shares)
3.0%
10
$VV
VANGUARD INDEX FDS
Held since at least Q1 2024
2.6%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 10:40 UTC.