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Miller Investment Management, LP

CIK:0001407382
Investment Adviser
$6B AUM
96 holdings
Conshohocken, PA, United States
Founded:2005
23 employees
Latest filing:Jun 30, 2025

Miller Investment Management, LP is an SEC-registered investment adviser headquartered in Conshohocken, Pennsylvania. Founded in 2005, the firm manages global multi-asset-class public securities portfolios and also sponsors private equity and real estate investment partnerships. The firm serves a broad client base including individuals, family offices, and institutional investors, with a team of approximately 23 employees as of 2024.

Investment Strategy

Miller Investment Management employs a global, multi-asset-class approach, managing public securities portfolios diversified across geographies and asset types. The firm offers customized ESG investment solutions, including strategies aligned with diversity, equity, and inclusion objectives upon client request. In addition to public markets, Miller manages private equity partnerships focusing on growth capital investments since 2007 and directs commercial real estate investments through its affiliate since 2009. Their investment philosophy centers on flexibility, diversification, and alignment of strategies with each client's specific financial goals.

Top Buys
S
SPYSPDR S&P 500 ETF TR
+$17.6M
M
METAMETA PLATFORMS INC
+$9.7M
S
SMHVANECK VECTORS ETF TR
+$8.1M
E
EFAISHARES TR
+$5.5M
M
MSFTMICROSOFT CORPORATION
+$4.0M
Top Sells
B
BRK-BBERKSHIRE HATHAWAY INC DEL
-$8.5M
B
BBHVANECK ETF TRUST
-$2.0M
P
PPHVANECK ETF TRUST
-$1.3M
X
XLBSELECT SECTOR SPDR TR
-$1.2M
X
XLPSELECT SECTOR SPDR TR
-$615.9K

Top Holdings

S
SPYSPDR S&P 500 ETF TR
+20.4%$194.8M
B
BILSSPDR SER TR
+11.6%$110.2M
B
BRK-BBERKSHIRE HATHAWAY INC DEL
+8.4%$80.3M
E
EFAISHARES TR
+7.7%$73.3M
V
VGSHVANGUARD SCOTTSDALE FDS
+6.4%$60.8M

Equity Positions (94)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
S
SPY
SPDR S&P 500 ETF TR20.45%$194.8M315,237$243.19$617.85+$17.6M
B
BILS
SPDR SER TR11.57%$110.2M1,108,066$99.37$99.43-$32.5K
B
BRK-B
BERKSHIRE HATHAWAY INC DEL8.43%$80.3M165,240$327.34$485.77-$8.5M
E
EFA
ISHARES TR7.70%$73.3M820,370$67.71$89.39+$5.5M
V
VGSH
VANGUARD SCOTTSDALE FDS6.39%$60.8M1,034,743$58.16$58.78+$660.9K

Industry Allocation

FIRE, MARINE & CASUALTY INSURANCE
+8.4%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+6.5%
OPERATIVE BUILDERS
+2.4%
SERVICES-PREPACKAGED SOFTWARE
+2.0%
NATIONAL COMMERCIAL BANKS
+1.3%