Value investing icon Bill Miller's firm, Miller Value Partners, disclosed a new position in cosmetics and fragrance company Coty Inc. (COTY) during the second quarter of 2026. According to a quarterly report filed with the SEC, the firm acquired 3.92 million shares, establishing a holding valued at approximately $8.46 million as of June 30, 2026. This new stake represents about 2.00% of the firm's reported portfolio.
Investors should note that 13F filings are released with a delay, so this report reflects trades made between March 31 and June 30, 2026. The investment coincides with the period where Coty reported its fourth-quarter fiscal 2026 results, which showed sales and profit ahead of expectations. While Miller hasn't recently commented on this specific investment, he has previously shown interest in Coty from a value perspective.