MILLER VALUE PARTNERS, LLC: QUAD / GRAPHICS INC (QUAD): Quarterly 13F Position History
As of Q1 2026, MILLER VALUE PARTNERS, LLC reported 2,651,039 shares of QUAD / GRAPHICS INC (QUAD), worth $17.5M and representing 4.6% of its 13F equity book. Quarter-over-quarter share count change: 86,851 (-3.2%) . The position first appeared in Q1 2019 and has been disclosed across 29 13F-HR filings in Pactolio's tracked window.
- 2,651,039Shares Held (Latest Filing)
- $17.5MReported Market Value (Latest Filing)
- 4.6%Portfolio Weight (% of 13F Equity Book)
- 86,851Quarter-over-Quarter Share Change
- +$356.8KQuarter-over-Quarter Value Change
- 2,737,890Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 29 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 2,651,039 | 86,851 | -3.2% | $17.5M | 4.6% | $6.6 |
| Q4 2025 | 2,737,890 | +114,415 | +4.4% | $17.2M | 6.0% | $6.3 |
| Q3 2025 | 2,623,475 | 86,905 | -3.2% | $16.4M | 6.0% | $6.3 |
| Q2 2025 | 2,710,380 | +136,155 | +5.3% | $15.3M | 6.5% | $5.7 |
| Q1 2025 | 2,574,225 | +56,095 | +2.2% | $14.0M | 6.4% | $5.5 |
| Q4 2024 | 2,518,130 | +634,315 | +33.7% | $17.6M | 7.5% | $7.0 |
| Q3 2024 | 1,883,815 | +436,800 | +30.2% | $8.6M | 4.8% | $4.5 |
| Q2 2024 | 1,447,015 | +16,715 | +1.2% | $7.9M | 5.0% | $5.5 |
| Q1 2024 | 1,430,300 | 170,450 | -10.6% | $7.6M | 4.9% | $5.3 |
| Q4 2023 | 1,600,750 | 3,225 | -0.2% | $8.7M | 5.2% | $5.4 |
| Q3 2023 | 1,603,975 | 0 | — | $8.1M | 5.1% | $5.0 |
| Q2 2023 | 1,603,975 | +91,125 | +6.0% | $6.0M | 4.0% | $3.8 |
| Q1 2023 | 1,512,850 | +62,850 | +4.3% | $6.5M | 0.4% | $4.3 |
| Q4 2022 | 1,450,000 | +111,550 | +8.3% | $5.9M | 0.4% | $4.1 |
| Q3 2022 | 1,338,450 | +249,800 | +22.9% | $3.4M | 0.2% | $2.6 |
| Q2 2022 | 1,088,650 | +123,725 | +12.8% | $3.0M | 0.2% | $2.8 |
| Q1 2022 | 964,925 | 48,950 | -4.8% | $6.7M | 0.3% | $6.9 |
| Q4 2021 | 1,013,875 | +406,825 | +67.0% | $4.1M | 0.1% | $4.0 |
| Q3 2021 | 607,050 | +129,250 | +27.1% | $2.6M | 0.1% | $4.3 |
| Q2 2021 | 477,800 | 0 | — | $2.0M | 0.1% | $4.2 |
| Q1 2021 | 477,800 | 0 | — | $1.7M | 0.0% | $3.5 |
| Q4 2020 | 477,800 | 657,500 | -57.9% | $1.8M | 0.1% | $3.8 |
| Q3 2020 | 1,135,300 | 0 | — | $3.4M | 0.1% | $3.0 |
| Q2 2020 | 1,135,300 | 611,463 | -35.0% | $3.7M | 0.2% | $3.3 |
| Q1 2020 | 1,746,763 | +388,388 | +28.6% | $4.4M | 0.3% | $2.5 |
| Q4 2019 | 1,358,375 | +728,375 | +115.6% | $6.3M | 0.2% | $4.7 |
| Q3 2019 | 630,000 | +45,000 | +7.7% | $6.6M | 0.3% | $10.5 |
| Q2 2019 | 585,000 | +325,000 | +125.0% | $4.6M | 0.2% | $7.9 |
| Q1 2019 | 260,000 | — | — | $3.1M | 0.1% | $11.9 |
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 QUAD position in 13F-HR filings?
MILLER VALUE PARTNERS, LLC first reported QUAD / GRAPHICS INC (QUAD) on its 13F-HR filing for the period ending 2019-03-31 (Q1 2019). The position has appeared on 29 reported quarters within Pactolio's tracked window.
What was MILLER VALUE PARTNERS, LLC's most recent quarter-over-quarter share-count change in QUAD?
Between Q4 2025 and Q1 2026, MILLER VALUE PARTNERS, LLC reduced its QUAD position by 86,851 shares (-3.2%), leaving 2,651,039 shares at a market value of $17.5M.
Does the implied price-per-share represent MILLER VALUE PARTNERS, LLC's cost basis in QUAD?
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.