Checking Up on Bill Miller

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 |  Includes: AAPL, AES, AET, AFL, AXP, BAC, C, COF, CSCO, EBAY, GOOG, GS, HPQ, IBM, IVV, MSFT, SPY, TXN, WFC, YHOO
by: Bespoke Investment Group

Bill Miller, the famed fund manager who beat the S&P 500 for 15 consecutive years, hasn't been heard from as much lately. The performance of his Legg Mason Value Trust struggled during the financial crisis, but it has bounced back nicely, outperforming the S&P 500 by 25.6 percentage points (87.5% to 61.9%) since the March 2009 lows. The performance issues during the last bear market seem to have lowered the number of Miller followers, but we still feel it's worthwhile to track what he's holding.

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As of the end of Q1 2010, Miller's biggest holding in his Value Trust was AES Corp (NYSE:AES). Based on the stock's current price, AES would represent 6.8% of the portfolio. Unfortunately for Miller, his biggest holding is also the holding that is down the most year to date. Aflac (NYSE:AFL), Capital One (NYSE:COF), IBM, and Aetna (NYSE:AET) round out the top five biggest holdings. Miller continues to hold a lot of Financial and Technology stocks. He has positions in Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), American Express (NYSE:AXP), and Citigroup (NYSE:C). The big tech names held along with IBM include Cisco (NASDAQ:CSCO), Texas Instruments (NYSE:TXN), eBay (NASDAQ:EBAY), Hewlett Packard (NYSE:HPQ), Yahoo! (NASDAQ:YHOO), Microsoft (NASDAQ:MSFT), and Google (NASDAQ:GOOG). The one big tech name missing from the portfolio that would have been a big boost to performance this year is Apple (NASDAQ:AAPL).

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