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MHI
Miller Howard Investments Portfolio holdings
AUM
$3.77B
1-Year Est. Return
23.82%
This Fund
S&P 500
This Quarter
Est. Return
-2.89%
1 Year Est. Return
+23.82%
3 Year Est. Return
+73.36%
5 Year Est. Return
+97.83%
10 Year Est. Return
+1,015.78%
AUM
$4.23B
AUM Growth
-$369M
(-8%)
Cap. Flow
-$180M
Cap. Flow
% of AUM
-4.27%
Top 10 Holdings %
Top 10 Hldgs %
25.15%
Holding
197
New
15
Increased
32
Reduced
113
Closed
27
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Huntington Bancshares
HBAN
|
+$86M |
| 2 |
CenterPoint Energy
CNP
|
+$77.3M |
| 3 |
CAJ
Canon, Inc.
CAJ
|
+$76.5M |
| 4 |
KLA
KLAC
|
+$60.9M |
| 5 |
Fidelity National Financial
FNF
|
+$60.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Weyerhaeuser
WY
|
+$90.9M |
| 2 |
International Paper
IP
|
+$77.9M |
| 3 |
Cisco
CSCO
|
+$59.8M |
| 4 |
Cracker Barrel
CBRL
|
+$51.2M |
| 5 |
HBI
Hanesbrands
HBI
|
+$44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 28.56% |
| 2 | Technology | 17.07% |
| 3 | Financials | 16.45% |
| 4 | Communication Services | 6.88% |
| 5 | Utilities | 5.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WPZ
26
DELISTED
Williams Partners L.P.
WPZ
| $72.1M | 1.7% |
2,094,815
+560,396
| +37% | +$21.9M |
|
27
BCE
BCE
$21.2B
| $69M | 1.63% |
1,603,307
-68,569
| -4% | -$3.08M |
|
28
HSBC
HSBC
$356B
| $68.5M | 1.62% |
1,541,147
-27,700
| -2% | -$1.32M |
|
29
AbbVie
ABBV
$435B
| $66.1M | 1.56% |
698,697
-25,059
| -3% | -$2.75M |
|
30
Williams Companies
WMB
$86.1B
| $66M | 1.56% |
2,655,478
+420,628
| +19% | +$12.4M |
|
31
Sabre
SABR
$835M
| $65.6M | 1.55% |
3,060,422
-88,991
| -3% | -$1.91M |
|
32
Aegon
AEG
$14.1B
| $64.5M | 1.53% |
11,720,495
+10,892,934
| +1,316% | +$60M |
|
33
Qualcomm
QCOM
$176B
| $63.9M | 1.51% |
1,152,376
+67,808
| +6% | +$4.32M |
|
34
HP
HPQ
$27.5B
| $63.1M | 1.49% |
2,879,068
-80,214
| -3% | -$1.81M |
|
35
Lamar Advertising Co
LAMR
$16.3B
| $62.7M | 1.48% |
985,415
-31,121
| -3% | -$2.14M |
|
36
Texas Instruments
TXN
$261B
| $62.3M | 1.47% |
599,798
-14,481
| -2% | -$1.57M |
|
|
37
Fidelity National Financial
FNF
$13.5B
| $60.8M | 1.44% |
+1,579,775
| New | +$60.1M |
|
38
Tapestry
TPR
$32.8B
| $59.9M | 1.42% |
1,138,445
-625,587
| -35% | -$30.9M |
|
39
Plains All American Pipeline
PAA
$16.1B
| $59.9M | 1.42% |
2,717,638
+380,488
| +16% | +$8.37M |
|
|
40
KLA
KLAC
$259B
| $59.6M | 1.41% |
+5,468,760
| New | +$60.9M |
|
41
Bank of Montreal
BMO
$127B
| $59.3M | 1.4% |
785,251
-24,833
| -3% | -$1.95M |
|
42
Sysco
SYY
$40.3B
| $58.6M | 1.38% |
976,581
-24,533
| -2% | -$1.49M |
|
43
Old Republic International
ORI
$10.4B
| $54.1M | 1.28% |
+2,522,987
| New | +$52.4M |
|
44
AES
AES
$10.5B
| $53.4M | 1.26% |
4,695,579
+4,049,730
| +627% | +$44M |
|
|
WES
45
DELISTED
Western Gas Partners Lp
WES
| $48.3M | 1.14% |
1,132,795
-49,273
| -4% | -$2.4M |
|
|
ANDX
46
DELISTED
Andeavor Logistics LP
ANDX
| $47.6M | 1.12% |
1,061,583
+448,267
| +73% | +$21.9M |
|
47
Pembina Pipeline
PBA
$27.6B
| $46.3M | 1.09% |
1,481,004
+87,530
| +6% | +$2.9M |
|
48
United Parcel Service
UPS
$88.9B
| $40.3M | 0.95% |
385,462
-94,009
| -20% | -$10.9M |
|
49
Digital Realty Trust
DLR
$71.7B
| $33.9M | 0.8% |
321,369
-350,132
| -52% | -$36.9M |
|
|
EQM
50
DELISTED
EQM Midstream Partners, LP
EQM
| $33.1M | 0.78% |
560,601
-223,455
| -28% | -$15.2M |
|
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Miller Howard Investments's Q1 2018 Portfolio in Review
As of Q1 2018, Miller Howard Investments held 197 positions worth $4.23B, down 8% from $4.6B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Miller Howard Investments withdrew a net $180M in Q1 2018, closing 27 positions and reducing 113 holdings. Its most notable exit was Weyerhaeuser, an estimated $90.9M position sold in full.
By sector, the portfolio is most concentrated in Energy at 29% of assets, down from 29% a quarter earlier, followed by Technology and Financials.
Against the trend, Miller Howard Investments opened a new position in Huntington Bancshares worth $82.6M.
- Miller Howard Investments's largest Q1 2018 buy was Huntington Bancshares: 5,470,051 shares worth $82.6M.
- Miller Howard Investments added most to CenterPoint Energy in Q1 2018, an estimated $77.3M increase.
- Miller Howard Investments's biggest Q1 2018 reduction was Cisco, cutting an estimated $59.8M.
- Miller Howard Investments fully exited Weyerhaeuser in Q1 2018, selling an estimated $90.9M.
- Miller Howard Investments's ten largest holdings make up 25% of its $4.23B portfolio in Q1 2018.
- Miller Howard Investments opened 15 new positions and closed 27 in Q1 2018.
- Miller Howard Investments's portfolio value fell 8% quarter-over-quarter to $4.23B.
Based on Miller Howard Investments's 13F filing for Q1 2018, filed 23 Apr 2018.