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MHI

Miller Howard Investments Portfolio holdings

AUM $3.66B
1-Year Est. Return 20.05%
This Fund
S&P 500
This Quarter Est. Return
+1.91%
1 Year Est. Return
+20.05%
3 Year Est. Return
+70.64%
5 Year Est. Return
+104.45%
10 Year Est. Return
+237.53%
AUM
$5.58B
AUM Growth
-$463M
Cap. Flow
-$417M
Cap. Flow %
-7.48%
Top 10 Hldgs %
33.15%
Holding
223
New
21
Increased
43
Reduced
122
Closed
18

Top Buys

Rank Stock Value
1
MPLX icon
MPLX
MPLX
+$150M
2
AMJ
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
+$73.3M
3
CME icon
CME Group
CME
+$71M
4
DVY icon
iShares Select Dividend ETF
DVY
+$62.5M
5
SJM icon
J.M. Smucker
SJM
+$39.7M

Top Sells

Rank Stock Value
1
MWE
MARKWEST ENERGY PARTNERS, LP
MWE
+$151M
2
KMI icon
Kinder Morgan
KMI
+$108M
3
GME icon
GameStop
GME
+$65.2M
4
WPZ
Williams Partners L.P.
WPZ
+$55.4M
5
AWK icon
American Water Works
AWK
+$45.6M

Sector Composition

Rank Sector Weight
1 Energy 35.85%
2 Real Estate 11.12%
3 Healthcare 10.43%
4 Technology 7.58%
5 Utilities 5.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EPD icon
1
Enterprise Products Partners
EPD
$82.5B
$390M 6.99%
15,241,771
-1,447,904
-9% -$37.6M
MMP
2
DELISTED
Magellan Midstream Partners, L.P.
MMP
$256M 4.59%
3,773,582
+368,966
+11% +$23.9M
ET icon
3
Energy Transfer Partners
ET
$68.5B
$182M 3.27%
13,278,315
-1,201,361
-8% -$22.4M
MPLX icon
4
MPLX
MPLX
$59.2B
$173M 3.11%
4,405,424
+3,978,027
+931% +$150M
GE icon
5
GE Aerospace
GE
$375B
$156M 2.79%
1,042,109
-139,637
-12% -$19.8M
ETP
6
DELISTED
Energy Transfer Partners L.p.
ETP
$153M 2.74%
4,539,040
-603,271
-12% -$23.7M
LAMR icon
7
Lamar Advertising Co
LAMR
$16.3B
$149M 2.67%
2,480,781
-178,895
-7% -$10.3M
WY icon
8
Weyerhaeuser
WY
$17.2B
$132M 2.36%
4,393,570
-597,394
-12% -$18M
MSFT icon
9
Microsoft
MSFT
$2.89T
$130M 2.34%
2,348,805
-176,701
-7% -$9.3M
CSCO icon
10
Cisco
CSCO
$452B
$128M 2.3%
4,724,252
-550,107
-10% -$15.2M
ABBV icon
11
AbbVie
ABBV
$454B
$121M 2.17%
2,047,813
+506,666
+33% +$29.2M
PG icon
12
Procter & Gamble
PG
$346B
$117M 2.1%
1,473,844
-135,604
-8% -$10.4M
PAA icon
13
Plains All American Pipeline
PAA
$17.1B
$117M 2.1%
5,065,714
-733,197
-13% -$19.7M
JNJ icon
14
Johnson & Johnson
JNJ
$641B
$117M 2.09%
1,136,785
-89,169
-7% -$8.97M
DLR icon
15
Digital Realty Trust
DLR
$72.4B
$115M 2.06%
1,518,544
-112,536
-7% -$8.11M
MRK icon
16
Merck
MRK
$323B
$107M 1.91%
2,116,091
-185,429
-8% -$9.35M
LYB icon
17
LyondellBasell Industries
LYB
$18.9B
$101M 1.8%
1,158,086
-91,293
-7% -$8.4M
WMB icon
18
Williams Companies
WMB
$86.6B
$93.2M 1.67%
3,626,851
-641,672
-15% -$22.4M
SJM icon
19
J.M. Smucker
SJM
$12.9B
$91.9M 1.65%
744,831
+332,700
+81% +$39.7M
EQM
20
DELISTED
EQM Midstream Partners, LP
EQM
$91.5M 1.64%
1,212,751
+297,795
+33% +$21.2M
T icon
21
AT&T
T
$167B
$83.9M 1.5%
3,228,648
-223,621
-6% -$5.67M
TPR icon
22
Tapestry
TPR
$29.8B
$80M 1.43%
2,444,042
-314,343
-11% -$9.78M
DVY icon
23
iShares Select Dividend ETF
DVY
$23.8B
$77.9M 1.4%
1,037,112
+821,706
+381% +$62.5M
GEL icon
24
Genesis Energy
GEL
$1.81B
$77.2M 1.38%
2,101,200
+306,911
+17% +$11.9M
NVS icon
25
Novartis
NVS
$297B
$76.4M 1.37%
990,354
-84,348
-8% -$6.7M
1
2 3 4 5

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Miller Howard Investments's Q4 2015 Portfolio in Review

As of Q4 2015, Miller Howard Investments held 223 positions worth $5.58B, down 7.7% from $6.04B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Miller Howard Investments withdrew a net $417M in Q4 2015, closing 18 positions and reducing 122 holdings. Its most notable exit was MARKWEST ENERGY PARTNERS, LP, an estimated $151M position sold in full.

By sector, the portfolio is most concentrated in Energy at 36% of assets, down from 42% a quarter earlier, followed by Real Estate and Healthcare.

Against the trend, Miller Howard Investments opened a new position in Toronto Dominion Bank worth $30.7M.

  • Miller Howard Investments's largest Q4 2015 buy was Toronto Dominion Bank: 784,019 shares worth $30.7M.
  • Miller Howard Investments added most to MPLX in Q4 2015, an estimated $150M increase.
  • Miller Howard Investments's biggest Q4 2015 reduction was Kinder Morgan, cutting an estimated $108M.
  • Miller Howard Investments fully exited MARKWEST ENERGY PARTNERS, LP in Q4 2015, selling an estimated $151M.
  • Miller Howard Investments's ten largest holdings make up 33% of its $5.58B portfolio in Q4 2015.
  • Miller Howard Investments opened 21 new positions and closed 18 in Q4 2015.
  • Miller Howard Investments's portfolio value fell 7.7% quarter-over-quarter to $5.58B.

Based on Miller Howard Investments's 13F filing for Q4 2015, filed 5 Feb 2016.