NGL Energy (NGL)’s Poor Performance Affected Miller Value Partner’s Q4 Results Miller Value Partners, an investment management firm, published its ‘Income Strategy’ fourth-quarter 2020 Investor Letter – a copy of which can be seen here. A net return of 19.17% was recorded by the fund for the Q4 of 2020 which is almost twice as much of its benchmark that returned 6.48%. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021. Miller Value Partners, in their Q4 2020 Investor Letter, said that NGL Energy Partners LP (NYSE: NGL) was one of the top detractors of their portfolio in the fourth quarter of 2020. NGL Energy Partners LP is an energy company that currently has a $329.3 million market cap. For the past 3 months, NGL delivered a 2.41% return and settled at $2.55 per share at the closing of February 12th.