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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
-2.89%
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
$4.23B
AUM Growth
-$369M
(-8%)
Cap. Flow
-$180M
Cap. Flow
% of AUM
-4.27%
Top 10 Holdings %
Top 10 Hldgs %
25.15%
Holding
197
New
15
Increased
32
Reduced
113
Closed
27
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Huntington Bancshares
HBAN
|
+$86M |
| 2 |
CenterPoint Energy
CNP
|
+$77.3M |
| 3 |
CAJ
Canon, Inc.
CAJ
|
+$76.5M |
| 4 |
KLA
KLAC
|
+$60.9M |
| 5 |
Fidelity National Financial
FNF
|
+$60.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Weyerhaeuser
WY
|
+$90.9M |
| 2 |
International Paper
IP
|
+$77.9M |
| 3 |
Cisco
CSCO
|
+$59.8M |
| 4 |
Cracker Barrel
CBRL
|
+$51.2M |
| 5 |
HBI
Hanesbrands
HBI
|
+$44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 28.56% |
| 2 | Technology | 17.07% |
| 3 | Financials | 16.45% |
| 4 | Communication Services | 6.88% |
| 5 | Utilities | 5.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Enterprise Products Partners
EPD
$83.6B
| $162M | 3.84% |
6,632,597
-919,978
| -12% | -$24.5M |
|
2
MPLX
MPLX
$60.1B
| $128M | 3.03% |
3,879,704
-223,040
| -5% | -$8M |
|
3
Truist Financial
TFC
$64.7B
| $120M | 2.84% |
2,307,562
+411,240
| +22% | +$22.1M |
|
4
Vodafone
VOD
$37.7B
| $105M | 2.49% |
3,780,970
-119,458
| -3% | -$3.56M |
|
5
Oneok
OKE
$55.9B
| $97.4M | 2.3% |
1,710,937
-61,814
| -3% | -$3.55M |
|
6
Verizon
VZ
$201B
| $96.6M | 2.28% |
2,020,643
-42,346
| -2% | -$2.13M |
|
7
LyondellBasell Industries
LYB
$18.8B
| $90.1M | 2.13% |
852,896
-20,398
| -2% | -$2.28M |
|
|
ETP
8
DELISTED
Energy Transfer Partners, L.P.
ETP
| $88.7M | 2.1% |
5,470,179
-38,296
| -0.7% | -$711K |
|
|
CY
9
DELISTED
Cypress Semiconductor
CY
| $88.1M | 2.08% |
5,193,090
-170,411
| -3% | -$2.92M |
|
10
Pfizer
PFE
$144B
| $87.1M | 2.06% |
2,585,988
+298,616
| +13% | +$10.3M |
|
11
Toronto Dominion Bank
TD
$199B
| $86.6M | 2.05% |
1,522,555
+318,732
| +26% | +$18.7M |
|
12
Eaton
ETN
$150B
| $84.7M | 2% |
1,060,461
-17,071
| -2% | -$1.4M |
|
13
Western Digital
WDC
$160B
| $83.9M | 1.98% |
1,202,536
+502,615
| +72% | +$33.8M |
|
14
Target
TGT
$65.5B
| $82.8M | 1.96% |
1,192,963
-271,788
| -19% | -$19.8M |
|
|
15
Huntington Bancshares
HBAN
$35B
| $82.6M | 1.95% |
+5,470,051
| New | +$86M |
|
|
16
CenterPoint Energy
CNP
$28.8B
| $81.6M | 1.93% |
2,978,577
+2,838,410
| +2,025% | +$77.3M |
|
|
17
Cisco
CSCO
$456B
| $80.4M | 1.9% |
1,875,514
-1,409,945
| -43% | -$59.8M |
|
|
MMP
18
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $78.2M | 1.85% |
1,340,564
-85,518
| -6% | -$5.74M |
|
19
Merck
MRK
$326B
| $76.6M | 1.81% |
1,473,005
-32,816
| -2% | -$1.77M |
|
20
TSMC
TSM
$2.03T
| $75.6M | 1.79% |
1,727,219
-56,716
| -3% | -$2.47M |
|
21
CME Group
CME
$93.5B
| $75.6M | 1.79% |
467,212
-45,827
| -9% | -$7.3M |
|
22
Crown Castle
CCI
$33.1B
| $75.1M | 1.77% |
684,755
-16,121
| -2% | -$1.75M |
|
23
TotalEnergies
TTE
$187B
| $73.7M | 1.74% |
1,278,216
+207,636
| +19% | +$11.9M |
|
|
CAJ
24
DELISTED
Canon, Inc.
CAJ
| $73.7M | 1.74% |
+2,022,305
| New | +$76.5M |
|
25
Enbridge
ENB
$121B
| $73.6M | 1.74% |
2,339,542
-50,383
| -2% | -$1.76M |
|
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Miller Howard Investments's Q1 2018 Portfolio in Review
As of Q1 2018, Miller Howard Investments held 197 positions worth $4.23B, down 8% from $4.6B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Miller Howard Investments withdrew a net $180M in Q1 2018, closing 27 positions and reducing 113 holdings. Its most notable exit was Weyerhaeuser, an estimated $90.9M position sold in full.
By sector, the portfolio is most concentrated in Energy at 29% of assets, down from 29% a quarter earlier, followed by Technology and Financials.
Against the trend, Miller Howard Investments opened a new position in Huntington Bancshares worth $82.6M.
- Miller Howard Investments's largest Q1 2018 buy was Huntington Bancshares: 5,470,051 shares worth $82.6M.
- Miller Howard Investments added most to CenterPoint Energy in Q1 2018, an estimated $77.3M increase.
- Miller Howard Investments's biggest Q1 2018 reduction was Cisco, cutting an estimated $59.8M.
- Miller Howard Investments fully exited Weyerhaeuser in Q1 2018, selling an estimated $90.9M.
- Miller Howard Investments's ten largest holdings make up 25% of its $4.23B portfolio in Q1 2018.
- Miller Howard Investments opened 15 new positions and closed 27 in Q1 2018.
- Miller Howard Investments's portfolio value fell 8% quarter-over-quarter to $4.23B.
Based on Miller Howard Investments's 13F filing for Q1 2018, filed 23 Apr 2018.