Miller Value Partners Deep Value Select Strategy’s Q3 2026 Investor Letter

Miller Value Partners, an investment management company, released its “Deep Value Select Strategy” third-quarter 2025 investor letter. During the third quarter, market leadership has become unusually concentrated in large AI and technology stocks, increasing valuation and passive-index risks, while small caps and value stocks appear attractively priced. It expects the market to broaden as uncertainty eases. In Q3, the Deep Value Select strategy delivered net returns of +5.45%, strongly...