CIK: 0000903947
Total reported value
$3.7B
Reporting period: 2026-03-31 · Number of holdings: 138
MILLER HOWARD INVESTMENTS INC /NY disclosed 138 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $3.7B and a quarterly turnover rate of 27.9%.
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Miller Howard Investments INC /ny's disclosed holdings carry a Herfindahl concentration index of 0.016 — mathematically equivalent to about 63 equally-sized positions, well below its 138 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.10), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 24% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim CSCO
-53.5% -$50.5M
Add CME
+5269.0% $56.7M
Trim DVY
-63.6% -$43.5M
Trim ORI
-16.9% -$24.9M
Trim GILD
-39.9% -$25.6M
Add TRGP
+37.3% $26.8M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MPLX | Mplx LP | Stock-Energy | 3.49% | — | -3.29% | |
| 2 | EPD | Enterprise Products Partners | Stock-Energy | 3.27% | +0.26% | +1.55% | |
| 3 | ET | Energy Transfer LP | Stock-Energy | 2.75% | +0.15% | -0.23% | |
| 4 | JNJ | Johnson & Johnson | Stock-Healthcare | 2.70% | -0.50% | -21.08% | |
| 5 | GSK | Gsk Plc-spon Adr | Stock-Healthcare | 2.46% | +0.03% | -0.78% | |
| 6 | ABBV | Abbvie INC | Stock-Healthcare | 2.37% | -0.40% | -0.82% | |
| 7 | EXC | Exelon CORP | Stock-Utilities | 2.26% | +0.36% | +16.76% | |
| 8 | TRP | Tc Energy CORP | Stock-Energy | 2.22% | +0.33% | +13.97% | |
| 9 | COP | Conocophillips | Stock-Energy | 2.20% | +0.60% | +7.46% | |
| 10 | STT | State Street CORP | Stock-Financials | 2.06% | — | -0.67% | |
| 11 | CNQ | Canadian Natural Resources | Stock-Energy | 1.92% | +0.51% | +4.05% | |
| 12 | ETR | Entergy CORP | Stock-Utilities | 1.90% | +0.17% | +0.08% | |
| 13 | ORI | Old Republic Intl CORP | Stock-Financials | 1.81% | -0.94% | -16.90% | |
| 14 | EWBC | East West Bancorp INC | Stock-Financials | 1.79% | — | -0.98% | |
| 15 | WES | Western Midstream Partners L | Stock-Energy | 1.78% | — | +6.27% | |
| 16 | ENB | Enbridge INC | Stock-Energy | 1.73% | +0.14% | +6.46% | |
| 17 | WMB | Williams Cos INC | Stock-Energy | 1.73% | +0.01% | -8.46% | |
| 18 | PAA | Plains All Amer Pipeline LP | Stock-Energy | 1.71% | +0.16% | -1.85% | |
| 19 | MDT | Medtronic plc | Stock-Healthcare | 1.69% | -0.41% | -1.26% | |
| 20 | KMI | Kinder Morgan INC | Stock-Energy | 1.67% | +0.21% | +3.24% | |
| 21 | LAMR | Lamar Advertising Co-a | Stock-Real Estate | 1.62% | +0.42% | +48.49% | |
| 22 | HESM | Hess Midstream LP - Class A | Stock-Other | 1.59% | +0.08% | +3.15% | |
| 23 | TRGP | Targa Resources CORP | Stock-Energy | 1.58% | +0.64% | +37.31% | |
| 24 | CME | Cme Group INC | Stock-Financials | 1.58% | +1.55% | +5269.04% | |
| 25 | VZ | Verizon Communications INC | Stock-Comm Services | 1.51% | +0.53% | +37.10% | |
| 26 | GILD | Gilead Sciences INC | Stock-Healthcare | 1.50% | -0.93% | -39.94% | |
| 27 | PSX | Phillips 66 | Stock-Energy | 1.47% | +0.34% | +1.17% | |
| 28 | C | Citigroup INC | Stock-Financials | 1.46% | -0.61% | -19.96% | |
| 29 | SUN | Sunoco LP | Stock-Other | 1.45% | +0.36% | +18.42% | |
| 30 | SNA | Snap-on INC | Stock-Industrials | 1.40% | +1.40% | NEW | |
| 31 | BAC | Bank Of America CORP | Stock-Financials | 1.38% | -0.36% | -1.06% | |
| 32 | ELS | Equity Lifestyle Properties | Stock-Real Estate | 1.36% | +0.17% | +23.34% | |
| 33 | LNG | Cheniere Energy INC | Stock-Energy | 1.28% | +0.34% | +2.89% | |
| 34 | HST | Host Hotels & Resorts INC | Stock-Real Estate | 1.27% | +0.03% | +4.48% | |
| 35 | NTR | Nutrien LTD | Stock-Materials | 1.26% | +0.12% | -0.04% | |
| 36 | EMN | Eastman Chemical Co | Stock-Materials | 1.25% | +0.18% | +8.12% | |
| 37 | GS | Goldman Sachs Group INC | Stock-Financials | 1.25% | — | -1.74% | |
| 38 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 1.23% | — | -1.61% | |
| 39 | CSCO | Cisco Systems INC | Stock-Tech | 1.22% | -1.65% | -53.49% | |
| 40 | MTB | M & T Bank CORP | Stock-Financials | 1.20% | — | +0.24% | |
| 41 | OMC | Omnicom Group | Stock-Comm Services | 1.20% | — | +1.18% | |
| 42 | CMS | Cms Energy CORP | Stock-Utilities | 1.19% | — | -2.48% | |
| 43 | RF | Regions Financial CORP | Stock-Financials | 1.13% | — | +0.34% | |
| 44 | USB | US Bancorp | Stock-Financials | 1.13% | — | +0.42% | |
| 45 | GAP | Gap Inc/the | Stock-Consumer Disc | 1.13% | +0.51% | +112.16% | |
| 46 | PAYX | Paychex INC | Stock-Tech | 1.08% | — | +13.58% | |
| 47 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 1.00% | +0.18% | +40.63% | |
| 48 | GEL | Genesis Energy L.p. | Stock-Other | 0.96% | — | +0.03% | |
| 49 | PAGP | Plains Gp Holdings Lp-cl A | Stock-Energy | 0.94% | +0.29% | +25.78% | |
| 50 | TXN | Texas Instruments INC | Stock-Tech | 0.94% | — | -0.79% |
Performance for Q3 2026
+5.5%
Performance Last 4 Quarters
+28.7%
Based on 59% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 138 | $3.7B | 28 | |
| 2025-12-31 | 140 | $3.3B | 22 | |
| 2025-09-30 | 135 | $3.3B | 26 | |
| 2025-06-30 | 136 | $3.2B | 0 | |
| 2025-03-31 | 139 | $3.1B | 100 | |
| 2024-12-31 | 136 | $3.0B | 0 | |
| 2024-09-30 | 195 | $3.2B | 0 | |
| 2024-06-30 | 192 | $3.0B | 0 | |
| 2024-03-31 | 192 | $3.0B | 0 | |
| 2023-12-31 | 195 | $2.9B | 0 | |
| 2023-09-30 | 191 | $2.7B | 0 | |
| 2023-06-30 | 191 | $2.8B | 0 | |
| 2023-03-31 | 192 | $2.8B | 0 | |
| 2022-12-31 | 198 | $2.8B | 0 | |
| 2022-09-30 | 191 | $2.4B | 0 | |
| 2022-06-30 | 194 | $2.6B | 0 | |
| 2022-03-31 | 147 | $2.9B | 0 | |
| 2021-12-31 | 148 | $2.7B | 0 | |
| 2021-09-30 | 142 | $2.4B | 0 | |
| 2021-06-30 | 140 | $2.5B | 98 | |
| 2021-03-31 | 141 | $2.4B | 38 | |
| 2020-12-31 | 147 | $2.1B | 35 | |
| 2020-09-30 | 142 | $1.9B | 30 | |
| 2020-06-30 | 133 | $2.0B | 35 | |
| 2020-03-31 | 130 | $2.0B | 68 | |
| 2019-12-31 | 129 | $3.2B | 19 | |
| 2019-09-30 | 133 | $3.2B | 22 | |
| 2019-06-30 | 141 | $3.4B | 31 | |
| 2019-03-31 | 146 | $3.6B | 48 | |
| 2018-12-31 | 169 | $3.4B | 41 | |
| 2018-09-30 | 166 | $4.1B | 21 | |
| 2018-06-30 | 163 | $4.2B | 31 | |
| 2018-03-31 | 170 | $4.2B | 41 | |
| 2017-12-31 | 182 | $4.6B | 37 | |
| 2017-09-30 | 182 | $4.9B | 22 | |
| 2017-06-30 | 181 | $5.0B | 29 | |
| 2017-03-31 | 179 | $5.2B | 30 | |
| 2016-12-31 | 183 | $5.2B | 24 | |
| 2016-09-30 | 182 | $5.4B | 29 | |
| 2016-06-30 | 200 | $5.6B | 18 | |
| 2016-03-31 | 204 | $5.4B | 38 | |
| 2015-12-31 | 205 | $5.6B | 34 | |
| 2015-09-30 | 202 | $6.0B | 27 | |
| 2015-06-30 | 206 | $7.4B | 21 | |
| 2015-03-31 | 204 | $6.6B | 22 | |
| 2014-12-31 | 215 | $6.5B | 36 | |
| 2014-09-30 | 197 | $6.5B | 14 | |
| 2014-06-30 | 190 | $6.3B | 19 | |
| 2014-03-31 | 185 | $5.5B | 24 | |
| 2013-12-31 | 176 | $5.0B | 18 | |
| 2013-09-30 | 175 | $4.6B | 15 | |
| 2013-06-30 | 173 | $4.3B | 0 |
Miller Howard Investments INC /ny's most significant position changes for 2026-03-31: New buy: Snap-on INC (SNA); Sold out: Vici Properties INC (VICI); Sold out: H&r Block INC (HRB); Sold out: Alerian Energy Infrastructur (ENFR); New buy: Fedex CORP (FDX).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CME | Cme Group INC | +1.6% | +5269.04% | Add |
| 2 | TRGP | Targa Resources CORP | +0.6% | +37.31% | Add |
| 3 | COP | Conocophillips | +0.6% | +7.46% | Add |
| 4 | VZ | Verizon Communications INC | +0.5% | +37.10% | Add |
| 5 | CNQ | Canadian Natural Resources | +0.5% | +4.05% | Add |
| 6 | GAP | Gap Inc/the | +0.5% | +112.16% | Add |
| 7 | LAMR | Lamar Advertising Co-a | +0.4% | +48.49% | Add |
| 8 | HRL | Hormel Foods CORP | +0.4% | +100.63% | Add |
| 9 | EXC | Exelon CORP | +0.4% | +16.76% | Add |
| 10 | SUN | Sunoco LP | +0.4% | +18.42% | Add |
| 11 | PSX | Phillips 66 | +0.3% | +1.17% | Add |
| 12 | LNG | Cheniere Energy INC | +0.3% | +2.89% | Add |
| 13 | TRP | Tc Energy CORP | +0.3% | +13.97% | Add |
| 14 | PAGP | Plains Gp Holdings Lp-cl A | +0.3% | +25.78% | Add |
| 15 | EPD | Enterprise Products Partners | +0.3% | +1.55% | Add |
| 16 | OKE | Oneok INC | +0.3% | +26.52% | Add |
| 17 | KMI | Kinder Morgan INC | +0.2% | +3.24% | Add |
| 18 | EMN | Eastman Chemical Co | +0.2% | +8.12% | Add |
| 19 | CMCSA | Comcast Corp-class A | +0.2% | +40.63% | Add |
| 20 | ETR | Entergy CORP | +0.2% | +0.08% | Add |
| 21 | ELS | Equity Lifestyle Properties | +0.2% | +23.34% | Add |
| 22 | PAA | Plains All Amer Pipeline LP | +0.2% | -1.85% | Trim |
| 23 | ET | Energy Transfer LP | +0.2% | -0.23% | Trim |
| 24 | ENB | Enbridge INC | +0.1% | +6.46% | Add |
| 25 | NTR | Nutrien LTD | +0.1% | -0.04% | Trim |
| 26 | ✓ | Keyera CORP Com | +0.1% | +9.22% | Add |
| 27 | DTM | Dt Midstream INC | +0.1% | +9.19% | Add |
| 28 | PBA | Pembina Pipeline CORP | +0.1% | +8.73% | Add |
| 29 | HESM | Hess Midstream LP - Class A | +0.1% | +3.15% | Add |
| 30 | GSK | Gsk Plc-spon Adr | 0% | -0.78% | Trim |
| 31 | HST | Host Hotels & Resorts INC | 0% | +4.48% | Add |
| 32 | WMB | Williams Cos INC | 0% | -8.46% | Trim |
| 33 | WES | Western Midstream Partners L | — | +6.27% | Add |
| 34 | AM | Antero Midstream CORP | -0.4% | -42.43% | Trim |
| 35 | BAC | Bank Of America CORP | -0.4% | -1.06% | Trim |
| 36 | ABBV | Abbvie INC | -0.4% | -0.82% | Trim |
| 37 | MDT | Medtronic plc | -0.4% | -1.26% | Trim |
| 38 | JNJ | Johnson & Johnson | -0.5% | -21.08% | Trim |
| 39 | C | Citigroup INC | -0.6% | -19.96% | Trim |
| 40 | GILD | Gilead Sciences INC | -0.9% | -39.94% | Trim |
| 41 | ORI | Old Republic Intl CORP | -0.9% | -16.90% | Trim |
| 42 | DVY | Ishares Select Dividend ETF | -1.4% | -63.58% | Trim |
| 43 | CSCO | Cisco Systems INC | -1.7% | -53.49% | Trim |
| 44 | SNA | Snap-on INC | — | NEW | New buy |
| 45 | VICI | Vici Properties INC | — | EXIT | Sold out |
| 46 | HRB | H&r Block INC | — | EXIT | Sold out |
| 47 | ENFR | Alerian Energy Infrastructur | — | EXIT | Sold out |
| 48 | FDX | Fedex CORP | — | NEW | New buy |
| 49 | SUNC | Sunococorp LLC | — | NEW | New buy |
| 50 | APA | Apa CORP | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-20 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-27 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-24 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-11 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-28 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-28 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-05 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-26 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-12 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-26 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-18 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-21 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-03 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-02 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-27 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-26 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-21 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-03 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-21 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-04 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-16 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-27 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-30 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-29 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-05 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-04 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-17 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-17 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-04-22 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-01-31 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-10-29 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-07-17 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-04-23 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-01-26 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-10-30 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-24 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-04-26 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-06 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-10-25 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-07-22 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-22 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-05 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-09 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-07-30 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-04-23 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-06 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-10 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-07-31 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-04-24 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-12 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-10-23 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-07-26 | 13F-HR | View on EDGAR |
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