Miller Value Partners Deep Value Select Strategy’s Q4 2023 Investor Letter

Miller Value Partners, an investment management company, released its “Deep Value Select Strategy” fourth-quarter 2023 investor letter. In the fourth quarter, Strategy returned +1.67% net-of-fees trailing the S&P 1500 Value Index’s +13.70% return. For the full year, the strategy returned +9.86% behind the S&P 1500 Value Index’s +21.64% due to weaker Q4 performance. Due to a weaker September and October, the strategy’s smaller cap assets suffered a large contraction in valuation, which contributed to the underperformance in the quarter. December witnessed a good comeback for the strategy. In addition, please check the fund’s top five holdings to know its best picks in 2023.

A copy of Miller Value Partners Deep Value Select Strategy’s 2023 Q4 investor letter can be downloaded here.