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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
DTM icon
51
DT Midstream
DTM
$13.7B
$26.2M 0.79%
218,539
+8,128
+4% +$934K
KO icon
52
Coca-Cola
KO
$374B
$23M 0.69%
328,551
-130,984
-29% -$9.13M
SOBO
53
South Bow Corp
SOBO
$7.49B
$21.9M 0.66%
798,348
+35,331
+5% +$960K
STAG icon
54
STAG Industrial
STAG
$7.09B
$21.8M 0.66%
594,090
-9,671
-2% -$367K
PAGP icon
55
Plains GP Holdings
PAGP
$4.98B
$21.6M 0.65%
1,130,121
+29,915
+3% +$539K
OKE icon
56
Oneok
OKE
$56.9B
$20.8M 0.63%
283,212
+30,612
+12% +$2.17M
GAP
57
The Gap Inc
GAP
$7.74B
$20.6M 0.62%
+803,166
New +$19.5M
PBA icon
58
Pembina Pipeline
PBA
$27.8B
$19.9M 0.6%
522,146
+12,016
+2% +$462K
HRL icon
59
Hormel Foods
HRL
$13.6B
$16.8M 0.51%
709,640
-91,662
-11% -$2.14M
HRB icon
60
H&R Block
HRB
$5.82B
$16.2M 0.49%
370,841
-189,224
-34% -$8.85M
CEG icon
61
Constellation Energy
CEG
$95.8B
$14.7M 0.44%
41,570
+2,826
+7% +$1.03M
SRE icon
62
Sempra
SRE
$55.1B
$14.1M 0.43%
159,597
+40,473
+34% +$3.69M
CNP icon
63
CenterPoint Energy
CNP
$26.4B
$12.2M 0.37%
318,415
+20,893
+7% +$814K
PPL
64
PPL Corp
PPL
$26.3B
$12.1M 0.36%
344,670
+18,840
+6% +$679K
NEE icon
65
NextEra Energy
NEE
$177B
$11.4M 0.34%
141,569
+14,221
+11% +$1.18M
NI icon
66
NiSource
NI
$20B
$10.9M 0.33%
261,635
+18,082
+7% +$772K
ATO icon
67
Atmos Energy
ATO
$28.4B
$9.86M 0.3%
58,819
+4,186
+8% +$724K
AEE icon
68
Ameren
AEE
$29.6B
$9.24M 0.28%
92,529
+6,017
+7% +$617K
WM icon
69
Waste Management
WM
$90.6B
$9.24M 0.28%
42,035
+2,933
+8% +$625K
AMT icon
70
American Tower
AMT
$78.8B
$8.79M 0.27%
50,094
-3,254
-6% -$592K
TMUS icon
71
T-Mobile US
TMUS
$191B
$8.59M 0.26%
42,299
+1,362
+3% +$289K
XEL icon
72
Xcel Energy
XEL
$48B
$8.14M 0.25%
110,252
+21,846
+25% +$1.72M
CSX icon
73
CSX Corp
CSX
$92.8B
$8.1M 0.24%
223,507
+16,139
+8% +$578K
NGG icon
74
National Grid
NGG
$79.9B
$7.55M 0.23%
97,592
+5,302
+6% +$399K
MPC icon
75
Marathon Petroleum
MPC
$90B
$7.18M 0.22%
44,139
+778
+2% +$145K
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.