Miller Value Partners Deep Value Strategy’s Q1 2023 Investor Letter

Miller Value Partners, an investment management company, released its “Deep Value Strategy” first-quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the Deep Value Strategy was down 3.6% net of fees lagging the overall market and the S&P 1500 Value Index. The underperformance of the strategy in the quarter was due to value and cyclical stocks lagging behind the overall equity market. In addition, please check the fund’s top five holdings to know its best picks in 2023.