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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
+2.47%
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
$5.45B
AUM Growth
-$133M
(-2.4%)
Cap. Flow
-$203M
Cap. Flow
% of AUM
-3.72%
Top 10 Holdings %
Top 10 Hldgs %
31.41%
Holding
217
New
17
Increased
42
Reduced
118
Closed
35
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
WPZ
Williams Partners L.P.
WPZ
|
+$82.9M |
| 2 |
Western Digital
WDC
|
+$65.7M |
| 3 |
IBM
IBM
|
+$63.6M |
| 4 |
Vodafone
VOD
|
+$50.6M |
| 5 |
Plains GP Holdings
PAGP
|
+$46.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
J.M. Smucker
SJM
|
+$99.9M |
| 2 |
MMP
Magellan Midstream Partners, L.P.
MMP
|
+$88.9M |
| 3 |
Microsoft
MSFT
|
+$82.5M |
| 4 |
Enterprise Products Partners
EPD
|
+$69.4M |
| 5 |
Weyerhaeuser
WY
|
+$34.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 36.03% |
| 2 | Healthcare | 12.29% |
| 3 | Technology | 9.3% |
| 4 | Real Estate | 7.15% |
| 5 | Industrials | 6.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Enterprise Products Partners
EPD
$83.8B
| $354M | 6.49% |
12,796,564
-2,512,340
| -16% | -$69.4M |
|
|
ETP
2
DELISTED
Energy Transfer Partners L.p.
ETP
| $230M | 4.22% |
6,217,942
+624,866
| +11% | +$24.6M |
|
|
MMP
3
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $198M | 3.63% |
2,795,493
-1,245,841
| -31% | -$88.9M |
|
4
MPLX
MPLX
$59.5B
| $188M | 3.46% |
5,566,662
+753,164
| +16% | +$24.8M |
|
5
Qualcomm
QCOM
$176B
| $138M | 2.53% |
2,011,925
-67,544
| -3% | -$4.11M |
|
6
Cisco
CSCO
$450B
| $126M | 2.31% |
3,962,414
-301,052
| -7% | -$9.26M |
|
7
Genesis Energy
GEL
$1.84B
| $123M | 2.27% |
3,250,526
+1,016,779
| +46% | +$37.3M |
|
|
SE
8
DELISTED
Spectra Energy Corp Wi
SE
| $123M | 2.26% |
2,878,837
-458,534
| -14% | -$17.5M |
|
9
Procter & Gamble
PG
$343B
| $117M | 2.14% |
1,301,196
-45,617
| -3% | -$3.96M |
|
10
Johnson & Johnson
JNJ
$635B
| $115M | 2.1% |
970,124
-57,702
| -6% | -$7M |
|
11
AbbVie
ABBV
$458B
| $114M | 2.1% |
1,809,722
-50,462
| -3% | -$3.27M |
|
12
Merck
MRK
$324B
| $112M | 2.05% |
1,873,782
-65,888
| -3% | -$3.85M |
|
|
13
Vodafone
VOD
$34.9B
| $106M | 1.95% |
3,641,196
+1,661,527
| +84% | +$50.6M |
|
14
AT&T
T
$165B
| $106M | 1.94% |
3,441,538
-204,927
| -6% | -$6.48M |
|
15
GE Aerospace
GE
$367B
| $102M | 1.88% |
721,977
-22,329
| -3% | -$3.33M |
|
|
16
Weyerhaeuser
WY
$17.3B
| $102M | 1.87% |
3,189,171
-1,089,766
| -25% | -$34.5M |
|
17
Pfizer
PFE
$140B
| $99.7M | 1.83% |
3,103,865
-113,887
| -4% | -$3.81M |
|
18
GSK
GSK
$103B
| $98.9M | 1.82% |
1,834,851
-47,163
| -3% | -$2.59M |
|
|
EQM
19
DELISTED
EQM Midstream Partners, LP
EQM
| $90.4M | 1.66% |
1,186,784
-47,708
| -4% | -$3.72M |
|
20
Digital Realty Trust
DLR
$73.7B
| $90M | 1.65% |
927,159
-154,218
| -14% | -$15.7M |
|
21
Microchip Technology
MCHP
$42.8B
| $87.8M | 1.61% |
2,824,892
-63,794
| -2% | -$1.85M |
|
22
Plains All American Pipeline
PAA
$17.4B
| $87.6M | 1.61% |
2,789,274
-707,467
| -20% | -$20.2M |
|
23
Johnson Controls International
JCI
$87.5B
| $85.9M | 1.58% |
1,846,018
-286,115
| -13% | -$13.3M |
|
|
WPZ
24
DELISTED
Williams Partners L.P.
WPZ
| $83.8M | 1.54% |
+2,252,227
| New | +$82.9M |
|
25
Tapestry
TPR
$28.8B
| $79.9M | 1.47% |
2,185,249
-64,131
| -3% | -$2.54M |
|
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Miller Howard Investments's Q3 2016 Portfolio in Review
As of Q3 2016, Miller Howard Investments held 217 positions worth $5.45B, down 2.4% from $5.58B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Miller Howard Investments withdrew a net $203M in Q3 2016, closing 35 positions and reducing 118 holdings. Its most notable exit was J.M. Smucker, an estimated $99.9M position sold in full.
By sector, the portfolio is most concentrated in Energy at 36% of assets, up from 36% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Miller Howard Investments opened a new position in Williams Partners L.P. worth $83.8M.
- Miller Howard Investments's largest Q3 2016 buy was Williams Partners L.P.: 2,252,227 shares worth $83.8M.
- Miller Howard Investments added most to Vodafone in Q3 2016, an estimated $50.6M increase.
- Miller Howard Investments's biggest Q3 2016 reduction was Magellan Midstream Partners, L.P., cutting an estimated $88.9M.
- Miller Howard Investments fully exited J.M. Smucker in Q3 2016, selling an estimated $99.9M.
- Miller Howard Investments's ten largest holdings make up 31% of its $5.45B portfolio in Q3 2016.
- Miller Howard Investments opened 17 new positions and closed 35 in Q3 2016.
- Miller Howard Investments's portfolio value fell 2.4% quarter-over-quarter to $5.45B.
Based on Miller Howard Investments's 13F filing for Q3 2016, filed 25 Oct 2016.