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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
DUK icon
101
Duke Energy
DUK
$94.5B
$2.32M 0.07%
19,801
+1,448
+8% +$177K
PEG icon
102
Public Service Enterprise Group
PEG
$37.2B
$2.2M 0.07%
27,377
-65,181
-70% -$5.32M
AMLP icon
103
Alerian MLP ETF
AMLP
$13.3B
$2.11M 0.06%
+44,910
New +$2.1M
DTE icon
104
DTE Energy
DTE
$28.5B
$1.98M 0.06%
15,347
+1,125
+8% +$153K
XLE icon
105
State Street Energy Select Sector SPDR ETF
XLE
$39.3B
$1.82M 0.06%
+40,814
New +$1.82M
WEC icon
106
WEC Energy
WEC
$34.6B
$1.82M 0.05%
17,256
+1,253
+8% +$139K
LNT icon
107
Alliant Energy
LNT
$17.7B
$1.81M 0.05%
27,815
+2,015
+8% +$135K
LBRT icon
108
Liberty Energy
LBRT
$3.45B
$1.78M 0.05%
96,234
-8,906
-8% -$149K
JEF icon
109
Jefferies Financial Group
JEF
$12.8B
$1.77M 0.05%
28,608
-493,686
-95% -$28.3M
BKR icon
110
Baker Hughes
BKR
$63.6B
$1.71M 0.05%
37,646
-1,765
-4% -$83.7K
CVX icon
111
Chevron
CVX
$382B
$1.62M 0.05%
10,601
-10,821
-51% -$1.65M
EVRG icon
112
Evergy
EVRG
$18.9B
$1.52M 0.05%
21,010
+1,549
+8% +$118K
MDU icon
113
MDU Resources
MDU
$4.29B
$1.31M 0.04%
67,262
+5,295
+9% +$104K
PCG icon
114
PG&E
PCG
$37.5B
$1.31M 0.04%
81,575
+3,423
+4% +$54.7K
IWD icon
115
iShares Russell 1000 Value ETF
IWD
$84.2B
$1.28M 0.04%
+6,101
New +$1.26M
AVGO icon
116
Broadcom
AVGO
$2.01T
$1.27M 0.04%
3,683
-111
-3% -$39.7K
NRG icon
117
NRG Energy
NRG
$25B
$1.22M 0.04%
7,684
+617
+9% +$102K
FTS icon
118
Fortis
FTS
$28.3B
$1.19M 0.04%
22,878
+1,777
+8% +$91.1K
HAL icon
119
Halliburton
HAL
$28B
$1.11M 0.03%
39,180
-3,615
-8% -$95.4K
BKH icon
120
Black Hills Corp
BKH
$5.62B
$1.07M 0.03%
15,357
+1,217
+9% +$82.1K
OGS icon
121
ONE Gas
OGS
$4.96B
$1.03M 0.03%
13,277
+978
+8% +$78.6K
CTRA
122
DELISTED
Coterra Energy
CTRA
$999K 0.03%
37,967
-3,393
-8% -$85.5K
CME icon
123
CME Group
CME
$94.8B
$994K 0.03%
3,640
+50
+1% +$13.6K
RRC icon
124
Range Resources
RRC
$9.41B
$922K 0.03%
26,139
-46,338
-64% -$1.73M
AES icon
125
AES
AES
$10.5B
$894K 0.03%
62,377
+4,508
+8% +$63.5K
2 3 4
5
6

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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.