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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
-11.98%
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
$3.42B
AUM Growth
-$725M
(-18%)
Cap. Flow
-$208M
Cap. Flow
% of AUM
-6.1%
Top 10 Holdings %
Top 10 Hldgs %
29.06%
Holding
185
New
19
Increased
39
Reduced
98
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Select Dividend ETF
DVY
|
+$118M |
| 2 |
Energy Transfer Partners
ET
|
+$81.1M |
| 3 |
Coca-Cola Europacific Partners
CCEP
|
+$57.1M |
| 4 |
Regions Financial
RF
|
+$38.4M |
| 5 |
Enbridge
ENB
|
+$32.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ETP
Energy Transfer Partners, L.P.
ETP
|
+$110M |
| 2 |
CAJ
Canon, Inc.
CAJ
|
+$57.3M |
| 3 |
Williams Companies
WMB
|
+$49M |
| 4 |
International Paper
IP
|
+$48.1M |
| 5 |
Western Digital
WDC
|
+$46.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 29.37% |
| 2 | Technology | 16.37% |
| 3 | Financials | 15.31% |
| 4 | Utilities | 6.5% |
| 5 | Communication Services | 5.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VVC
151
DELISTED
Vectren Corporation
VVC
| $942K | 0.03% |
13,089
+58
| +0.4% | +$4.16K |
|
152
Spire
SR
$4.85B
| $901K | 0.03% |
12,160
+51
| +0.4% | +$3.86K |
|
153
Eversource Energy
ES
$27.2B
| $889K | 0.03% |
13,662
+65
| +0.5% | +$4.24K |
|
|
PPL
154
PPL Corp
PPL
$26.7B
| $882K | 0.03% |
31,137
-735
| -2% | -$22.3K |
|
155
National Fuel Gas
NFG
$7.65B
| $851K | 0.02% |
16,632
-282
| -2% | -$15.5K |
|
156
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
| $844K | 0.02% |
+29,418
| New | +$984K |
|
157
Idacorp
IDA
$8.2B
| $830K | 0.02% |
8,920
-7,443
| -45% | -$727K |
|
158
Telephone and Data Systems
TDS
$3.75B
| $681K | 0.02% |
20,936
+59
| +0.3% | +$1.96K |
|
159
Western Midstream Partners
WES
$19.3B
| $667K | 0.02% |
24,061
-11,856
| -33% | -$356K |
|
160
Antero Midstream
AM
$10.1B
| $576K | 0.02% |
+51,494
| New | +$786K |
|
161
Four Corners Property Trust
FCPT
$2.75B
| $548K | 0.02% |
20,929
-4,570
| -18% | -$121K |
|
162
Vanguard Total World Stock ETF
VT
$81.3B
| $504K | 0.01% |
+7,694
| New | +$538K |
|
163
Welltower
WELL
$171B
| $502K | 0.01% |
7,235
-1,583
| -18% | -$108K |
|
|
ENLC
164
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $490K | 0.01% |
51,602
-1,276
| -2% | -$16.4K |
|
165
GSK
GSK
$106B
| $426K | 0.01% |
8,921
-2,629
| -23% | -$129K |
|
166
ExxonMobil
XOM
$634B
| $390K | 0.01% |
5,726
-1,759
| -24% | -$138K |
|
|
MLPC
167
DELISTED
C-Tracks ETNs based on Performance of the Miller/Howard MLP Fundamental Index
MLPC
| $270K | 0.01% |
22,437
-3,700
| -14% | -$50.2K |
|
|
PACW
168
DELISTED
PacWest Bancorp
PACW
| $268K | 0.01% |
8,055
-2,697
| -25% | -$108K |
|
|
CDR
169
DELISTED
Cedar Realty Trust, Inc
CDR
| $62K | ﹤0.01% |
3,006
| – | – |
|
|
ALEX
170
DELISTED
Alexander & Baldwin
ALEX
| – | – |
-142,023
| Closed | -$3.22M |
|
171
Cracker Barrel
CBRL
$1.29B
| – | – |
-24,400
| Closed | -$3.59M |
|
172
EOG Resources
EOG
$70.7B
| – | – |
-50,768
| Closed | -$6.48M |
|
|
173
International Paper
IP
$22B
| – | – |
-1,033,156
| Closed | -$48.1M |
|
174
Ovintiv
OVV
$16.4B
| – | – |
-2,187
| Closed | -$143K |
|
175
UGI
UGI
$7.33B
| – | – |
-16,181
| Closed | -$898K |
|
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Miller Howard Investments's Q4 2018 Portfolio in Review
As of Q4 2018, Miller Howard Investments held 185 positions worth $3.42B, down 18% from $4.14B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Miller Howard Investments withdrew a net $208M in Q4 2018, closing 16 positions and reducing 98 holdings. Its most notable exit was Energy Transfer Partners, L.P., an estimated $110M position sold in full.
By sector, the portfolio is most concentrated in Energy at 29% of assets, down from 30% a quarter earlier, followed by Technology and Financials.
Against the trend, Miller Howard Investments opened a new position in Coca-Cola Europacific Partners worth $56.5M.
- Miller Howard Investments's largest Q4 2018 buy was Coca-Cola Europacific Partners: 1,233,218 shares worth $56.5M.
- Miller Howard Investments added most to iShares Select Dividend ETF in Q4 2018, an estimated $118M increase.
- Miller Howard Investments's biggest Q4 2018 reduction was Williams Companies, cutting an estimated $49M.
- Miller Howard Investments fully exited Energy Transfer Partners, L.P. in Q4 2018, selling an estimated $110M.
- Miller Howard Investments's ten largest holdings make up 29% of its $3.42B portfolio in Q4 2018.
- Miller Howard Investments opened 19 new positions and closed 16 in Q4 2018.
- Miller Howard Investments's portfolio value fell 18% quarter-over-quarter to $3.42B.
Based on Miller Howard Investments's 13F filing for Q4 2018, filed 31 Jan 2019.