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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
GSK icon
51
GSK
GSK
$104B
$23.4M 0.77%
+690,900
New +$24.9M
DTM icon
52
DT Midstream
DTM
$13.7B
$22.6M 0.74%
227,187
+34,133
+18% +$3.25M
PBA icon
53
Pembina Pipeline
PBA
$27.8B
$20.4M 0.67%
552,076
+112,298
+26% +$4.58M
NTR icon
54
Nutrien
NTR
$31.6B
$20.4M 0.67%
455,429
-61,660
-12% -$2.93M
STAG icon
55
STAG Industrial
STAG
$7.09B
$20.3M 0.67%
599,441
-28,252
-5% -$1.03M
KNTK icon
56
Kinetik
KNTK
$8.32B
$15.3M 0.5%
269,970
+13,611
+5% +$736K
NI icon
57
NiSource
NI
$20B
$10.8M 0.36%
294,778
+9,702
+3% +$348K
SOBO
58
South Bow Corp
SOBO
$7.49B
$10.3M 0.34%
+435,282
New +$10.7M
PPL
59
PPL Corp
PPL
$26.3B
$9.47M 0.31%
291,748
+9,525
+3% +$314K
SRE icon
60
Sempra
SRE
$55.1B
$9.41M 0.31%
107,322
+3,502
+3% +$306K
CEG icon
61
Constellation Energy
CEG
$95.8B
$8.84M 0.29%
39,516
+942
+2% +$235K
CNP icon
62
CenterPoint Energy
CNP
$26.4B
$8.76M 0.29%
275,984
+14,114
+5% +$435K
TMUS icon
63
T-Mobile US
TMUS
$191B
$8.23M 0.27%
37,285
+1,288
+4% +$293K
NEE icon
64
NextEra Energy
NEE
$177B
$7.97M 0.26%
111,201
+2,463
+2% +$191K
PEG icon
65
Public Service Enterprise Group
PEG
$37.2B
$6.98M 0.23%
82,641
+2,309
+3% +$204K
AEE icon
66
Ameren
AEE
$29.6B
$6.4M 0.21%
71,756
+2,548
+4% +$228K
AMT icon
67
American Tower
AMT
$78.8B
$6.18M 0.2%
33,712
-3,219
-9% -$667K
CSX icon
68
CSX Corp
CSX
$92.8B
$6.04M 0.2%
187,139
+3,303
+2% +$113K
WM icon
69
Waste Management
WM
$90.6B
$5.82M 0.19%
28,852
+1,172
+4% +$252K
UNP icon
70
Union Pacific
UNP
$174B
$5.49M 0.18%
24,085
+628
+3% +$149K
CQP icon
71
Cheniere Energy
CQP
$32.6B
$5.42M 0.18%
102,122
+1,571
+2% +$82.2K
NGG icon
72
National Grid
NGG
$79.9B
$5.11M 0.17%
89,838
-5,296
-6% -$319K
ATO icon
73
Atmos Energy
ATO
$28.4B
$4.93M 0.16%
35,428
+1,175
+3% +$167K
AR icon
74
Antero Resources
AR
$11.4B
$4.92M 0.16%
140,232
-6,357
-4% -$192K
XLU icon
75
State Street Utilities Select Sector SPDR ETF
XLU
$22.4B
$4.9M 0.16%
129,520
+92,848
+253% +$3.68M
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.