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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
(+1%)
Cap. Flow
-$10.1M
Cap. Flow
% of AUM
-0.3%
Top 10 Holdings %
Top 10 Hldgs %
28.12%
Holding
146
New
11
Increased
63
Reduced
63
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Select Dividend ETF
DVY
|
+$63M |
| 2 |
Omnicom Group
OMC
|
+$43.5M |
| 3 |
M&T Bank
MTB
|
+$40.6M |
| 4 |
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 |
JPMorgan Chase
JPM
|
+$47.6M |
| 3 |
Jefferies Financial Group
JEF
|
+$28.3M |
| 4 |
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 | |
|---|---|---|---|---|---|---|
126
Eversource Energy
ES
$26.8B
| $887K | 0.03% |
13,169
+968
| +8% | +$68K |
|
127
Cardinal Health
CAH
$55.5B
| $808K | 0.02% |
3,930
| – | – |
|
128
Ovintiv
OVV
$17.6B
| $741K | 0.02% |
18,910
-2,035
| -10% | -$78.9K |
|
129
Royal Bank of Canada
RY
$293B
| $659K | 0.02% |
3,867
-104
| -3% | -$16K |
|
130
TotalEnergies
TTE
$195B
| $602K | 0.02% |
9,208
-4,530
| -33% | -$286K |
|
131
Vanguard Total International Stock ETF
VXUS
$162B
| $511K | 0.02% |
+6,779
| New | +$506K |
|
132
iShares Global Infrastructure ETF
IGF
$10.6B
| $497K | 0.02% |
+8,099
| New | +$500K |
|
133
Radian Group
RDN
$4.87B
| $418K | 0.01% |
11,612
-2,212
| -16% | -$77.2K |
|
134
TSMC
TSM
$2.17T
| $296K | 0.01% |
973
| – | – |
|
|
HDV
135
iShares Core High Dividend ETF
HDV
$15B
| $254K | 0.01% |
+10,430
| New | +$254K |
|
136
NetApp
NTAP
$39B
| $229K | 0.01% |
2,142
| – | – |
|
137
Camden Property Trust
CPT
$11B
| $204K | 0.01% |
+1,854
| New | +$193K |
|
138
Cenovus Energy
CVE
$54.5B
| – | – |
-98,918
| Closed | -$1.68M |
|
139
EQT Corp
EQT
$33.8B
| – | – |
-59,860
| Closed | -$3.26M |
|
|
IPG
140
DELISTED
Interpublic Group of Companies
IPG
| – | – |
-1,731,113
| Closed | -$48.3M |
|
141
Nomad Foods
NOMD
$1.63B
| – | – |
-28,430
| Closed | -$374K |
|
142
SM Energy
SM
$7.55B
| – | – |
-38,092
| Closed | -$951K |
|
143
Sonoco
SON
$5.72B
| – | – |
-9,297
| Closed | -$401K |
|
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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.