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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
+3.29%
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
$3.04B
AUM Growth
-$201M
Cap. Flow
-$248M
Cap. Flow %
-8.14%
Top 10 Hldgs %
30.01%
Holding
203
New
8
Increased
49
Reduced
79
Closed
67

Top Buys

Rank Stock Value
1
DVY icon
iShares Select Dividend ETF
DVY
+$53.5M
2
USB icon
US Bancorp
USB
+$38.2M
3
GSK icon
GSK
GSK
+$24.9M
4
EIX icon
Edison International
EIX
+$24.4M
5
SOBO
South Bow Corp
SOBO
+$10.7M

Top Sells

Rank Stock Value
1
LYB icon
LyondellBasell Industries
LYB
+$47.8M
2
MAA icon
Mid-America Apartment Communities
MAA
+$30.3M
3
CPT icon
Camden Property Trust
CPT
+$21.7M
4
MSM icon
MSC Industrial Direct
MSM
+$21.5M
5
CNQ icon
Canadian Natural Resources
CNQ
+$18.6M

Sector Composition

Rank Sector Weight
1 Energy 35.91%
2 Financials 20.57%
3 Healthcare 11.28%
4 Utilities 9.77%
5 Technology 6.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PAA icon
26
Plains All American Pipeline
PAA
$16.1B
$44.6M 1.47%
2,610,872
+38,062
+1% +$662K
TTE icon
27
TotalEnergies
TTE
$190B
$42.3M 1.39%
776,976
-39,890
-5% -$2.43M
LNG icon
28
Cheniere Energy
LNG
$52.9B
$39.9M 1.31%
185,544
-7,860
-4% -$1.6M
HST icon
29
Host Hotels & Resorts
HST
$16B
$39.6M 1.3%
2,257,540
-180,259
-7% -$3.24M
LAMR icon
30
Lamar Advertising Co
LAMR
$16.3B
$39.3M 1.29%
322,424
-4,434
-1% -$580K
RHI icon
31
Robert Half
RHI
$4.37B
$38.3M 1.26%
543,732
-2,683
-0.5% -$191K
ENB icon
32
Enbridge
ENB
$112B
$37.7M 1.24%
888,847
+44,544
+5% +$1.86M
CMS icon
33
CMS Energy
CMS
$22.3B
$37.6M 1.24%
563,806
-91,252
-14% -$6.28M
KMI icon
34
Kinder Morgan
KMI
$68.7B
$37.4M 1.23%
1,363,733
+176,618
+15% +$4.6M
USB icon
35
US Bancorp
USB
$99.6B
$37.1M 1.22%
+776,444
New +$38.2M
WMB icon
36
Williams Companies
WMB
$86.1B
$37M 1.22%
684,097
-26,919
-4% -$1.45M
MRK icon
37
Merck
MRK
$318B
$36.7M 1.21%
368,617
-54,063
-13% -$5.57M
OKE icon
38
Oneok
OKE
$54.5B
$36M 1.18%
358,646
-50,991
-12% -$5.22M
TXN icon
39
Texas Instruments
TXN
$261B
$34.6M 1.14%
184,765
-43,651
-19% -$8.72M
CNQ icon
40
Canadian Natural Resources
CNQ
$93.8B
$34M 1.12%
1,101,415
-551,702
-33% -$18.6M
ENLC
41
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
$32.8M 1.08%
2,320,292
+33,025
+1% +$492K
PSX icon
42
Phillips 66
PSX
$81.4B
$32.5M 1.07%
285,212
-6,398
-2% -$814K
HESM icon
43
Hess Midstream
HESM
$5.11B
$31.4M 1.03%
846,720
-235,394
-22% -$8.47M
SUN icon
44
Sunoco
SUN
$13.3B
$30.6M 1.01%
595,057
+5,296
+0.9% +$280K
OGE icon
45
OGE Energy
OGE
$9.71B
$29.4M 0.97%
712,213
-156,331
-18% -$6.51M
PAGP icon
46
Plains GP Holdings
PAGP
$4.9B
$28.2M 0.93%
1,535,470
+34,894
+2% +$648K
TRP icon
47
TC Energy
TRP
$65.9B
$27.8M 0.91%
596,480
-142,534
-19% -$6.74M
EIX icon
48
Edison International
EIX
$26.4B
$27.4M 0.9%
343,190
+291,619
+565% +$24.4M
AM icon
49
Antero Midstream
AM
$10.1B
$25.9M 0.85%
1,718,027
-437,100
-20% -$6.65M
CAG icon
50
Conagra Brands
CAG
$7.23B
$24.1M 0.79%
867,149
-566,015
-39% -$16.1M
1
2
3 4 5

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Miller Howard Investments's Q4 2024 Portfolio in Review

As of Q4 2024, Miller Howard Investments held 203 positions worth $3.04B, down 6.2% from $3.24B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Miller Howard Investments withdrew a net $248M in Q4 2024, closing 67 positions and reducing 79 holdings. Its most notable exit was MSC Industrial Direct, an estimated $21.5M position sold in full.

By sector, the portfolio is most concentrated in Energy at 36% of assets, up from 34% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Miller Howard Investments opened a new position in US Bancorp worth $37.1M.

  • Miller Howard Investments's largest Q4 2024 buy was US Bancorp: 776,444 shares worth $37.1M.
  • Miller Howard Investments added most to iShares Select Dividend ETF in Q4 2024, an estimated $53.5M increase.
  • Miller Howard Investments's biggest Q4 2024 reduction was LyondellBasell Industries, cutting an estimated $47.8M.
  • Miller Howard Investments fully exited MSC Industrial Direct in Q4 2024, selling an estimated $21.5M.
  • Miller Howard Investments's ten largest holdings make up 30% of its $3.04B portfolio in Q4 2024.
  • Miller Howard Investments opened 8 new positions and closed 67 in Q4 2024.
  • Miller Howard Investments's portfolio value fell 6.2% quarter-over-quarter to $3.04B.

Based on Miller Howard Investments's 13F filing for Q4 2024, filed 28 Jan 2025.