MILLER VALUE PARTNERS, LLC: BREAD FINANCIAL HOLDINGS INC (BFH): Quarterly 13F Position History
As of Q1 2026, MILLER VALUE PARTNERS, LLC reported 193,697 shares of BREAD FINANCIAL HOLDINGS INC (BFH), worth $14.5M and representing 3.8% of its 13F equity book. Quarter-over-quarter share count change: 7,718 (-3.8%) . The position first appeared in Q2 2023 and has been disclosed across 12 13F-HR filings in Pactolio's tracked window.
- 193,697Shares Held (Latest Filing)
- $14.5MReported Market Value (Latest Filing)
- 3.8%Portfolio Weight (% of 13F Equity Book)
- 7,718Quarter-over-Quarter Share Change
- -$404.8KQuarter-over-Quarter Value Change
- 327,385Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 12 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 193,697 | 7,718 | -3.8% | $14.5M | 3.8% | $74.9 |
| Q4 2025 | 201,415 | 68,595 | -25.4% | $14.9M | 5.3% | $74.0 |
| Q3 2025 | 270,010 | 57,375 | -17.5% | $15.1M | 5.5% | $55.8 |
| Q2 2025 | 327,385 | +17,560 | +5.7% | $18.7M | 7.9% | $57.1 |
| Q1 2025 | 309,825 | +5,775 | +1.9% | $15.5M | 7.1% | $50.1 |
| Q4 2024 | 304,050 | +45,520 | +17.6% | $18.6M | 7.9% | $61.1 |
| Q3 2024 | 258,530 | +3,745 | +1.5% | $12.3M | 6.9% | $47.6 |
| Q2 2024 | 254,785 | +15 | +0.0% | $11.4M | 7.3% | $44.6 |
| Q1 2024 | 254,770 | 53,095 | -17.2% | $9.5M | 6.1% | $37.2 |
| Q4 2023 | 307,865 | +88,590 | +40.4% | $10.1M | 6.0% | $32.9 |
| Q3 2023 | 219,275 | +193,550 | +752.4% | $7.5M | 4.7% | $34.2 |
| Q2 2023 | 25,725 | — | — | $807.5K | 0.5% | $31.4 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did MILLER VALUE PARTNERS, LLC first disclose a BFH position in 13F-HR filings?
MILLER VALUE PARTNERS, LLC first reported BREAD FINANCIAL HOLDINGS INC (BFH) on its 13F-HR filing for the period ending 2023-06-30 (Q2 2023). The position has appeared on 12 reported quarters within Pactolio's tracked window.
What was MILLER VALUE PARTNERS, LLC's most recent quarter-over-quarter share-count change in BFH?
Between Q4 2025 and Q1 2026, MILLER VALUE PARTNERS, LLC reduced its BFH position by 7,718 shares (-3.8%), leaving 193,697 shares at a market value of $14.5M.
Does the implied price-per-share represent MILLER VALUE PARTNERS, LLC's cost basis in BFH?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.