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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
+1.03%
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
$3.41B
AUM Growth
-$220M
(-6.1%)
Cap. Flow
-$234M
Cap. Flow
% of AUM
-6.85%
Top 10 Holdings %
Top 10 Hldgs %
27.01%
Holding
158
New
12
Increased
27
Reduced
93
Closed
17
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$90.9M |
| 2 |
JPMorgan Chase
JPM
|
+$57.9M |
| 3 |
Kohl's
KSS
|
+$50M |
| 4 |
Enbridge
ENB
|
+$27.4M |
| 5 |
AES
AES
|
+$21.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Truist Financial
TFC
|
+$69.9M |
| 2 |
Oneok
OKE
|
+$67.6M |
| 3 |
HP
HPQ
|
+$39.3M |
| 4 |
Carnival Corporation Ltd
CCL
|
+$38.8M |
| 5 |
Toronto Dominion Bank
TD
|
+$35.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 30.83% |
| 2 | Financials | 14.03% |
| 3 | Technology | 12.99% |
| 4 | Consumer Discretionary | 7.46% |
| 5 | Utilities | 7.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Enterprise Products Partners
EPD
$83.8B
| $130M | 3.83% |
4,518,873
-953,085
| -17% | -$27.5M |
|
2
Energy Transfer Partners
ET
$70.1B
| $105M | 3.09% |
7,473,522
-277,887
| -4% | -$4.11M |
|
|
3
Enbridge
ENB
$124B
| $94M | 2.76% |
2,605,093
+753,132
| +41% | +$27.4M |
|
|
4
Gilead Sciences
GILD
$161B
| $93.4M | 2.74% |
+1,382,264
| New | +$90.9M |
|
5
Citigroup
C
$222B
| $86.3M | 2.53% |
1,231,717
-92,313
| -7% | -$6.18M |
|
6
Pfizer
PFE
$140B
| $86.2M | 2.53% |
2,097,466
-150,853
| -7% | -$5.99M |
|
7
Verizon
VZ
$194B
| $84.4M | 2.48% |
1,477,745
-248,065
| -14% | -$14.3M |
|
|
8
AES
AES
$10.6B
| $81.7M | 2.4% |
4,877,412
+1,278,825
| +36% | +$21.7M |
|
9
Fidelity National Financial
FNF
$13.9B
| $80M | 2.35% |
2,064,554
-132,631
| -6% | -$5M |
|
10
Target
TGT
$62.1B
| $78.9M | 2.32% |
910,937
-285,170
| -24% | -$23M |
|
11
Citizens Financial Group
CFG
$30.4B
| $78.3M | 2.3% |
2,213,937
+411,956
| +23% | +$14.4M |
|
12
Cisco
CSCO
$450B
| $77.6M | 2.28% |
1,418,674
-106,339
| -7% | -$5.87M |
|
13
Cummins
CMI
$91.7B
| $77.6M | 2.28% |
453,086
-32,295
| -7% | -$5.29M |
|
|
MMP
14
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $76.7M | 2.25% |
1,198,091
-49,370
| -4% | -$3.06M |
|
15
Broadcom
AVGO
$1.82T
| $75.1M | 2.2% |
2,607,500
-199,850
| -7% | -$5.82M |
|
16
TotalEnergies
TTE
$193B
| $73.9M | 2.17% |
1,324,389
-140,579
| -10% | -$7.68M |
|
17
LyondellBasell Industries
LYB
$19.5B
| $72.1M | 2.12% |
837,335
-59,117
| -7% | -$5.04M |
|
18
Whirlpool
WHR
$2.42B
| $71.3M | 2.09% |
500,849
+151,021
| +43% | +$20.3M |
|
19
CenterPoint Energy
CNP
$29.1B
| $71.2M | 2.09% |
2,488,031
-169,808
| -6% | -$5.06M |
|
20
MPLX
MPLX
$59.5B
| $71.1M | 2.09% |
2,208,277
-680,028
| -24% | -$21.7M |
|
21
Home Depot
HD
$332B
| $70.4M | 2.07% |
338,736
+87,975
| +35% | +$17.5M |
|
22
Eaton
ETN
$157B
| $70.4M | 2.07% |
845,554
-59,043
| -7% | -$4.78M |
|
23
Texas Instruments
TXN
$255B
| $69M | 2.03% |
601,530
-174,438
| -22% | -$19.5M |
|
24
Crown Castle
CCI
$32.7B
| $68.9M | 2.02% |
528,461
-40,050
| -7% | -$5.15M |
|
25
Magna International
MGA
$17.9B
| $68.5M | 2.01% |
1,379,254
-102,070
| -7% | -$5.04M |
|
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Miller Howard Investments's Q2 2019 Portfolio in Review
As of Q2 2019, Miller Howard Investments held 158 positions worth $3.41B, down 6.1% from $3.63B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Miller Howard Investments withdrew a net $234M in Q2 2019, closing 17 positions and reducing 93 holdings. Its most notable exit was Truist Financial, an estimated $69.9M position sold in full.
By sector, the portfolio is most concentrated in Energy at 31% of assets, down from 34% a quarter earlier, followed by Financials and Technology.
Against the trend, Miller Howard Investments opened a new position in Gilead Sciences worth $93.4M.
- Miller Howard Investments's largest Q2 2019 buy was Gilead Sciences: 1,382,264 shares worth $93.4M.
- Miller Howard Investments added most to Enbridge in Q2 2019, an estimated $27.4M increase.
- Miller Howard Investments's biggest Q2 2019 reduction was Oneok, cutting an estimated $67.6M.
- Miller Howard Investments fully exited Truist Financial in Q2 2019, selling an estimated $69.9M.
- Miller Howard Investments's ten largest holdings make up 27% of its $3.41B portfolio in Q2 2019.
- Miller Howard Investments opened 12 new positions and closed 17 in Q2 2019.
- Miller Howard Investments's portfolio value fell 6.1% quarter-over-quarter to $3.41B.
Based on Miller Howard Investments's 13F filing for Q2 2019, filed 17 Jul 2019.