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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
+2.14%
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
$3.31B
AUM Growth
+$34.1M
Cap. Flow
-$10.1M
Cap. Flow %
-0.3%
Top 10 Hldgs %
28.12%
Holding
146
New
11
Increased
63
Reduced
63
Closed
6

Top Buys

Rank Stock Value
1
DVY icon
iShares Select Dividend ETF
DVY
+$63M
2
OMC icon
Omnicom Group
OMC
+$43.5M
3
MTB icon
M&T Bank
MTB
+$40.6M
4
RF icon
Regions Financial
RF
+$40.5M
5
GAP
The Gap Inc
GAP
+$19.5M

Top Sells

Rank Stock Value
1
IPG
Interpublic Group of Companies
IPG
+$48.3M
2
JPM icon
JPMorgan Chase
JPM
+$47.6M
3
JEF icon
Jefferies Financial Group
JEF
+$28.3M
4
VZ icon
Verizon
VZ
+$24.2M
5
BNY
Bank of New York Mellon
BNY
+$24.1M

Sector Composition

Rank Sector Weight
1 Energy 34.9%
2 Financials 17.85%
3 Healthcare 12.95%
4 Utilities 10.24%
5 Real Estate 6.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GS icon
26
Goldman Sachs
GS
$303B
$48.2M 1.45%
54,810
-222
-0.4% -$181K
CNQ icon
27
Canadian Natural Resources
CNQ
$95.9B
$46.8M 1.41%
1,384,034
-48,788
-3% -$1.58M
OMC icon
28
Omnicom Group
OMC
$23B
$46.4M 1.4%
575,156
+569,445
+9,971% +$43.5M
BNY
29
Bank of New York Mellon
BNY
$107B
$44.8M 1.35%
386,133
-217,778
-36% -$24.1M
VICI icon
30
VICI Properties
VICI
$29.1B
$44.4M 1.34%
1,577,879
-445,226
-22% -$13.2M
RF icon
31
Regions Financial
RF
$26.7B
$42.9M 1.3%
+1,584,109
New +$40.5M
MTB icon
32
M&T Bank
MTB
$36B
$42.8M 1.29%
+212,511
New +$40.6M
PAYX icon
33
Paychex
PAYX
$42.4B
$42.5M 1.28%
379,071
-164,949
-30% -$19.3M
USB icon
34
US Bancorp
USB
$99.3B
$42.3M 1.28%
792,964
-23,578
-3% -$1.16M
HST icon
35
Host Hotels & Resorts
HST
$15.7B
$41M 1.24%
2,314,224
-162,171
-7% -$2.8M
CMS icon
36
CMS Energy
CMS
$22.1B
$40.4M 1.22%
577,414
+4,173
+0.7% +$304K
LAMR icon
37
Lamar Advertising Co
LAMR
$16.3B
$39.9M 1.2%
315,193
-4,275
-1% -$535K
ELS icon
38
Equity Lifestyle Properties
ELS
$12.5B
$39.3M 1.19%
648,571
-9,905
-2% -$612K
NTR icon
39
Nutrien
NTR
$31.1B
$37.7M 1.14%
610,343
-8,568
-1% -$504K
PSX icon
40
Phillips 66
PSX
$83.6B
$37.5M 1.13%
290,810
+8,319
+3% +$1.12M
SUN icon
41
Sunoco
SUN
$13.4B
$36.1M 1.09%
689,269
-5,611
-0.8% -$296K
EMN icon
42
Eastman Chemical
EMN
$8.36B
$35.4M 1.07%
555,291
+269,275
+94% +$16.6M
AM icon
43
Antero Midstream
AM
$10.2B
$35.2M 1.06%
1,978,405
+47,817
+2% +$862K
VZ icon
44
Verizon
VZ
$194B
$32.6M 0.98%
800,496
-595,652
-43% -$24.2M
LNG icon
45
Cheniere Energy
LNG
$53.7B
$31.2M 0.94%
160,277
-25,255
-14% -$5.3M
TRGP icon
46
Targa Resources
TRGP
$55.5B
$31M 0.94%
167,940
+4,390
+3% +$739K
GEL icon
47
Genesis Energy
GEL
$1.87B
$30.8M 0.93%
1,977,044
-74,396
-4% -$1.17M
TXN icon
48
Texas Instruments
TXN
$260B
$30.8M 0.93%
177,743
-3,597
-2% -$616K
OGE icon
49
OGE Energy
OGE
$9.63B
$30M 0.91%
702,739
-5,757
-0.8% -$257K
CMCSA icon
50
Comcast
CMCSA
$89.5B
$27.2M 0.82%
909,243
-398,054
-30% -$11.4M
1
2
3 4 5

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Miller Howard Investments's Q4 2025 Portfolio in Review

As of Q4 2025, Miller Howard Investments held 146 positions worth $3.31B, up 1% from $3.28B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Miller Howard Investments's Q4 2025 filing shows 11 new, 63 increased, 63 reduced and 6 closed positions. Its largest new stake was M&T Bank: 212,511 shares worth $42.8M. The largest sale was Interpublic Group of Companies, an estimated $48.3M.

By sector, the portfolio is most concentrated in Energy at 35% of assets, down from 36% a quarter earlier, followed by Financials and Healthcare.

  • Miller Howard Investments's largest Q4 2025 buy was M&T Bank: 212,511 shares worth $42.8M.
  • Miller Howard Investments added most to iShares Select Dividend ETF in Q4 2025, an estimated $63M increase.
  • Miller Howard Investments's biggest Q4 2025 reduction was JPMorgan Chase, cutting an estimated $47.6M.
  • Miller Howard Investments fully exited Interpublic Group of Companies in Q4 2025, selling an estimated $48.3M.
  • Miller Howard Investments's ten largest holdings make up 28% of its $3.31B portfolio in Q4 2025.
  • Miller Howard Investments opened 11 new positions and closed 6 in Q4 2025.
  • Miller Howard Investments's portfolio value rose 1% quarter-over-quarter to $3.31B.

Based on Miller Howard Investments's 13F filing for Q4 2025, filed 27 Jan 2026.