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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
+3.1%
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
$4.6B
AUM Growth
-$251M
Cap. Flow
-$321M
Cap. Flow %
-6.98%
Top 10 Hldgs %
25.91%
Holding
197
New
15
Increased
30
Reduced
128
Closed
15

Top Buys

Rank Stock Value
1
HSBC icon
HSBC
HSBC
+$70.9M
2
VZ icon
Verizon
VZ
+$66M
3
SABR icon
Sabre
SABR
+$60.3M
4
TXN icon
Texas Instruments
TXN
+$59.8M
5
TTE icon
TotalEnergies
TTE
+$58.2M

Top Sells

Rank Stock Value
1
T icon
AT&T
T
+$79.9M
2
JNJ icon
Johnson & Johnson
JNJ
+$78.1M
3
ABT icon
Abbott
ABT
+$76.7M
4
PBI icon
Pitney Bowes
PBI
+$58.1M
5
GSK icon
GSK
GSK
+$56.4M

Sector Composition

Rank Sector Weight
1 Energy 28.87%
2 Technology 13.45%
3 Real Estate 9.35%
4 Financials 8.84%
5 Communication Services 7.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EPD icon
1
Enterprise Products Partners
EPD
$83.8B
$200M 4.35%
7,552,575
-1,977,320
-21% -$50.1M
MPLX icon
2
MPLX
MPLX
$59.5B
$146M 3.16%
4,102,744
-334,440
-8% -$11.8M
CSCO icon
3
Cisco
CSCO
$450B
$126M 2.74%
3,285,459
-272,449
-8% -$9.73M
VOD icon
4
Vodafone
VOD
$34.9B
$124M 2.71%
3,900,428
+1,434,846
+58% +$43M
VZ icon
5
Verizon
VZ
$194B
$109M 2.37%
2,062,989
+1,342,602
+186% +$66M
MMP
6
DELISTED
Magellan Midstream Partners, L.P.
MMP
$101M 2.2%
1,426,082
-415,872
-23% -$28.3M
ETP
7
DELISTED
Energy Transfer Partners, L.P.
ETP
$98.7M 2.15%
5,508,475
-2,135,056
-28% -$36.9M
LYB icon
8
LyondellBasell Industries
LYB
$19.5B
$96.3M 2.09%
873,294
+91,634
+12% +$9.5M
TGT icon
9
Target
TGT
$62.1B
$95.6M 2.08%
1,464,751
+347,185
+31% +$21M
OKE icon
10
Oneok
OKE
$58.7B
$94.8M 2.06%
1,772,751
-373,645
-17% -$19.9M
TFC icon
11
Truist Financial
TFC
$63.2B
$94.3M 2.05%
1,896,322
-152,286
-7% -$7.35M
ENB icon
12
Enbridge
ENB
$124B
$93.5M 2.03%
2,389,925
-83,962
-3% -$3.23M
WY icon
13
Weyerhaeuser
WY
$17.3B
$90.9M 1.98%
2,579,331
-218,630
-8% -$7.74M
ETN icon
14
Eaton
ETN
$157B
$85.1M 1.85%
1,077,532
+313,924
+41% +$24.4M
CY
15
DELISTED
Cypress Semiconductor
CY
$81.7M 1.78%
5,363,501
-709,644
-12% -$11.3M
MRK icon
16
Merck
MRK
$324B
$80.9M 1.76%
1,505,821
-150,094
-9% -$8.32M
BCE icon
17
BCE
BCE
$19.9B
$80.3M 1.75%
1,671,876
-175,437
-9% -$8.35M
PFE icon
18
Pfizer
PFE
$140B
$78.6M 1.71%
2,287,372
-181,177
-7% -$6.18M
TPR icon
19
Tapestry
TPR
$28.8B
$78M 1.7%
1,764,032
-146,727
-8% -$6.05M
IP icon
20
International Paper
IP
$22.3B
$77.9M 1.69%
1,420,406
-105,008
-7% -$5.64M
CCI icon
21
Crown Castle
CCI
$32.7B
$77.8M 1.69%
700,876
-298,249
-30% -$32.2M
DLR icon
22
Digital Realty Trust
DLR
$73.7B
$76.5M 1.66%
671,501
-53,382
-7% -$6.29M
LAMR icon
23
Lamar Advertising Co
LAMR
$16.2B
$75.5M 1.64%
1,016,536
-73,806
-7% -$5.38M
CME icon
24
CME Group
CME
$92.2B
$74.9M 1.63%
513,039
-13,715
-3% -$1.95M
HSBC icon
25
HSBC
HSBC
$355B
$74M 1.61%
+1,568,847
New +$70.9M
1
2 3 4 5

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Miller Howard Investments's Q4 2017 Portfolio in Review

As of Q4 2017, Miller Howard Investments held 197 positions worth $4.6B, down 5.2% from $4.85B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Miller Howard Investments withdrew a net $321M in Q4 2017, closing 15 positions and reducing 128 holdings. Its most notable exit was Johnson & Johnson, an estimated $78.1M 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 Real Estate.

Against the trend, Miller Howard Investments opened a new position in HSBC worth $74M.

  • Miller Howard Investments's largest Q4 2017 buy was HSBC: 1,568,847 shares worth $74M.
  • Miller Howard Investments added most to Verizon in Q4 2017, an estimated $66M increase.
  • Miller Howard Investments's biggest Q4 2017 reduction was AT&T, cutting an estimated $79.9M.
  • Miller Howard Investments fully exited Johnson & Johnson in Q4 2017, selling an estimated $78.1M.
  • Miller Howard Investments's ten largest holdings make up 26% of its $4.6B portfolio in Q4 2017.
  • Miller Howard Investments opened 15 new positions and closed 15 in Q4 2017.
  • Miller Howard Investments's portfolio value fell 5.2% quarter-over-quarter to $4.6B.

Based on Miller Howard Investments's 13F filing for Q4 2017, filed 26 Jan 2018.