Miller Howard Investments
KINGSTON, NYfiles as MILLER HOWARD INVESTMENTS INC /NY
$3.8bn in 152 US stocks at the end of 30 June 2026. The top 10 are 25.2% of the money. It changed about 9.0% of the portfolio this quarter.
Value
$3.8bn
Stocks
152
Top 10 share
25.2%
Turnover
9.0%
What changed this quarter
New
Bought for the first time this quarter.
- McDonald'sMCD1.4% of the fund
- Brixmor Property GroupBRX0.6% of the fund
- HCA HealthcareHCA<0.1% of the fund
- ExxonMobil HoldingsXOM<0.1% of the fund
- California ResourcesCRC<0.1% of the fund
- GE VernovaGEV<0.1% of the fund
- NextpowerNXT<0.1% of the fund
- Solaredge TechnologiesSEDG<0.1% of the fund
- Generac HoldingsGNRC<0.1% of the fund
- Enphase EnergyENPH<0.1% of the fund
- Clearway EnergyCWEN<0.1% of the fund
- CumminsCMI<0.1% of the fund
- Camden Property TrustCPT<0.1% of the fund
- TransaltaTAC<0.1% of the fund
- ReNew Energy GlobalRNW<0.1% of the fund
- Eos Energy EnterprisesEOSE<0.1% of the fund
Added
Bought more of a stock they already held.
- Mplx LPMPLX3.5% of the fund+4%
- Western Midstream Partners LWES1.9% of the fund+4%
- Williams CompaniesWMB1.8% of the fund+4%
- MedtronicMDT1.8% of the fund+19%
- Plains ALL Amern Pipeline LPAA1.8% of the fund+7%
- Sunoco Lp/sunoco FINSUN1.7% of the fund+19%
- Targa ResourcesTRGP1.7% of the fund+5%
- M&T BankMTB1.7% of the fund+25%
- US BancorpUSB1.6% of the fund+22%
- Hess Midstream LPHESM1.6% of the fund+4%
- Verizon CommunicationsVZ1.5% of the fund+22%
- PaychexPAYX1.3% of the fund+17%
- Coca-ColaKO1.3% of the fund+83%
- Hormel FoodsHRL1.2% of the fund+24%
- OneokOKE0.8% of the fund+3%
- SempraSRE0.4% of the fund+5%
- SunococorpSUNC0.4% of the fund+174%
- Centerpoint EnergyCNP0.4% of the fund+6%
- NextEra EnergyNEE0.4% of the fund+5%
- Xcel EnergyXEL0.3% of the fund+11%
- CSXCSX0.3% of the fund+6%
- AmerenAEE0.3% of the fund+5%
- Constellation EnergyCEG0.3% of the fund+4%
- PPLPPL0.3% of the fund+7%
- American TowerAMT0.3% of the fund+8%
Cut
Sold some of their stake.
- State StreetSTT2.3% of the fund-16%
- ExelonEXC2.0% of the fund-4%
- GSKGSK1.6% of the fund-27%
- Kinder MorganKMI1.5% of the fund-3%
- Old Republic InternationalORI1.2% of the fund-33%
- CME GroupCME0.9% of the fund-18%
- DT MidstreamDTM0.8% of the fund-12%
- GAPGAP0.8% of the fund-5%
- Antero MidstreamAM0.7% of the fund-3%
- Ishares TRDVY0.6% of the fund-18%
- Keyera Corp.com0.6% of the fund-6%
- Pembina PipelinePBA0.6% of the fund-18%
- Genesis Energy L PGEL0.5% of the fund-28%
- South BowSOBO0.5% of the fund-6%
- Marathon PetroleumMPC0.3% of the fund-11%
- Gibson Energy INC.com0.2% of the fund-6%
- Valero EnergyVLO0.2% of the fund-2%
- Kinetik HoldingsKNTK0.2% of the fund-5%
- Antero ResourcesAR0.1% of the fund-2%
- Waste ConnectionsWCN0.1% of the fund-5%
- Suncor EnergySU0.1% of the fund-2%
- Rockpoint Gas Storage INC ClasRPGSF0.1% of the fund-6%
- Occidental PetroleumOXY0.1% of the fund-2%
- APAAPA<0.1% of the fund-2%
- Bank of New York MellonBNY<0.1% of the fund-93%
Sold out
Sold their entire stake.
- United Parcel ServiceUPS-100%
- Coterra EnergyCTRA-100%
Holdings
- Mplx LPMPLX
- Share
- 3.5%
- Value
- $131m
- Shares
- 2,325,809
+4%
- Energy Transfer L PET
- Share
- 2.7%
- Value
- $102m
- Shares
- 5,314,984
Held
- TC EnergyTRP
- Share
- 2.2%
- Value
- $84m
- Shares
- 1,270,274
Held
- Western Midstream Partners LWES
- Share
- 1.9%
- Value
- $72m
- Shares
- 1,648,942
+4%
- Plains ALL Amern Pipeline LPAA
- Share
- 1.8%
- Value
- $67m
- Shares
- 2,992,424
+7%
- Sunoco Lp/sunoco FINSUN
- Share
- 1.7%
- Value
- $66m
- Shares
- 974,109
+19%
- GSKGSK
- Share
- 1.6%
- Value
- $62m
- Shares
- 1,182,068
-27%
- Canadian Natural ResourcesCNQ
- Share
- 1.5%
- Value
- $57m
- Shares
- 1,433,802
Held
- NutrienNTR
- Share
- 1.0%
- Value
- $38m
- Shares
- 608,140
Held
- Ishares TRDVY
- Share
- 0.6%
- Value
- $23m
- Shares
- 150,229
-18%
- Keyera Corp.com
- Share
- 0.6%
- Value
- $22m
- Shares
- 556,221
-6%
- Pembina PipelinePBA
- Share
- 0.6%
- Value
- $22m
- Shares
- 465,233
-18%
- Genesis Energy L PGEL
- Share
- 0.5%
- Value
- $20m
- Shares
- 1,423,389
-28%
- South BowSOBO
- Share
- 0.5%
- Value
- $18m
- Shares
- 496,936
-6%
- SunococorpSUNC
- Share
- 0.4%
- Value
- $16m
- Shares
- 243,124
+174%
- National GridNGG
- Share
- 0.3%
- Value
- $11m
- Shares
- 127,803
+6%
- Gibson Energy INC.com
- Share
- 0.2%
- Value
- $9m
- Shares
- 451,240
-6%
- Cheniere Energy Partners L PCQP
- Share
- 0.2%
- Value
- $7m
- Shares
- 107,301
+6%
- Suncor EnergySU
- Share
- 0.1%
- Value
- $5m
- Shares
- 92,998
-2%
- Rockpoint Gas Storage INC ClasRPGSF
- Share
- 0.1%
- Value
- $4m
- Shares
- 217,242
-6%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Mplx LPMPLX | 3.5% | $131m | 2,325,809 | +4% |
| Enterprise Products Partners L.P.EPD | 3.1% | $118m | 3,211,891 | Held |
| Johnson & JohnsonJNJ | 2.7% | $102m | 403,524 | Held |
| Energy Transfer L PET | 2.7% | $102m | 5,314,984 | Held |
| AbbVieABBV | 2.6% | $100m | 396,657 | Held |
| State StreetSTT | 2.3% | $85m | 503,296 | -16% |
| TC EnergyTRP | 2.2% | $84m | 1,270,274 | Held |
| East West BancorpEWBC | 2.1% | $79m | 612,470 | Held |
| ExelonEXC | 2.0% | $76m | 1,620,430 | -4% |
| Lamar AdvertisingLAMR | 1.9% | $73m | 469,463 | Held |
| Western Midstream Partners LWES | 1.9% | $72m | 1,648,942 | +4% |
| EntergyETR | 1.9% | $72m | 627,738 | Held |
| Williams CompaniesWMB | 1.8% | $67m | 905,934 | +4% |
| Cisco SystemsCSCO | 1.8% | $67m | 568,258 | Held |
| MedtronicMDT | 1.8% | $67m | 851,494 | +19% |
| Plains ALL Amern Pipeline LPAA | 1.8% | $67m | 2,992,424 | +7% |
| CitigroupC | 1.8% | $66m | 471,274 | Held |
| Sunoco Lp/sunoco FINSUN | 1.7% | $66m | 974,109 | +19% |
| Targa ResourcesTRGP | 1.7% | $65m | 241,917 | +5% |
| M&T BankMTB | 1.7% | $63m | 265,769 | +25% |
| EnbridgeENB | 1.7% | $63m | 1,166,580 | Held |
| ConocoPhillipsCOP | 1.7% | $63m | 607,766 | Held |
| GSKGSK | 1.6% | $62m | 1,182,068 | -27% |
| Bank of AmericaBAC | 1.6% | $59m | 1,038,466 | Held |
| US BancorpUSB | 1.6% | $59m | 972,853 | +22% |
| Hess Midstream LPHESM | 1.6% | $59m | 1,558,131 | +4% |
| Host Hotels & ResortsHST | 1.5% | $57m | 2,418,633 | Held |
| Snap-onSNA | 1.5% | $57m | 140,879 | Held |
| Verizon CommunicationsVZ | 1.5% | $57m | 1,338,840 | +22% |
| Canadian Natural ResourcesCNQ | 1.5% | $57m | 1,433,802 | Held |
| Kinder MorganKMI | 1.5% | $56m | 1,766,361 | -3% |
| Goldman Sachs GroupGS | 1.4% | $54m | 53,517 | Held |
| McDonald'sMCD | 1.4% | $53m | 195,848 | New |
| Texas InstrumentsTXN | 1.4% | $53m | 176,722 | Held |
| Equity Lifestyle PropertiesELS | 1.4% | $51m | 792,528 | Held |
| Phillips 66PSX | 1.3% | $50m | 293,135 | Held |
| Gilead SciencesGILD | 1.3% | $50m | 392,122 | Held |
| PaychexPAYX | 1.3% | $50m | 503,623 | +17% |
| Regions FinancialRF | 1.3% | $48m | 1,601,010 | Held |
| Coca-ColaKO | 1.3% | $48m | 593,133 | +83% |
| Old Republic InternationalORI | 1.2% | $45m | 1,110,934 | -33% |
| Hormel FoodsHRL | 1.2% | $44m | 1,761,166 | +24% |
| CMS EnergyCMS | 1.2% | $44m | 571,159 | Held |
| Omnicom GroupOMC | 1.1% | $42m | 580,248 | Held |
| Eastman ChemicalEMN | 1.1% | $40m | 603,100 | Held |
| Cheniere EnergyLNG | 1.1% | $40m | 166,050 | Held |
| NutrienNTR | 1.0% | $38m | 608,140 | Held |
| CME GroupCME | 0.9% | $35m | 159,373 | -18% |
| OGE EnergyOGE | 0.9% | $34m | 705,897 | Held |
| Plains GP Holdings LPPAGP | 0.9% | $34m | 1,395,186 | Held |
| OneokOKE | 0.8% | $32m | 368,104 | +3% |
| DT MidstreamDTM | 0.8% | $31m | 210,124 | -12% |
| GAPGAP | 0.8% | $30m | 1,624,040 | -5% |
| Antero MidstreamAM | 0.7% | $25m | 1,104,337 | -3% |
| Ishares TRDVY | 0.6% | $23m | 150,229 | -18% |
| STAG IndustrialSTAG | 0.6% | $22m | 586,882 | Held |
| Keyera Corp.com | 0.6% | $22m | 556,221 | -6% |
| Brixmor Property GroupBRX | 0.6% | $22m | 707,245 | New |
| Pembina PipelinePBA | 0.6% | $22m | 465,233 | -18% |
| Genesis Energy L PGEL | 0.5% | $20m | 1,423,389 | -28% |
| South BowSOBO | 0.5% | $18m | 496,936 | -6% |
| SempraSRE | 0.4% | $17m | 181,540 | +5% |
| SunococorpSUNC | 0.4% | $16m | 243,124 | +174% |
| Centerpoint EnergyCNP | 0.4% | $16m | 361,649 | +6% |
| NextEra EnergyNEE | 0.4% | $15m | 167,152 | +5% |
| Xcel EnergyXEL | 0.3% | $13m | 157,444 | +11% |
| CSXCSX | 0.3% | $12m | 253,619 | +6% |
| AmerenAEE | 0.3% | $12m | 105,102 | +5% |
| Constellation EnergyCEG | 0.3% | $12m | 46,548 | +4% |
| PPLPPL | 0.3% | $11m | 301,386 | +7% |
| American TowerAMT | 0.3% | $11m | 66,322 | +8% |
| Waste ManagementWM | 0.3% | $11m | 48,031 | +6% |
| Marathon PetroleumMPC | 0.3% | $11m | 41,782 | -11% |
| National GridNGG | 0.3% | $11m | 127,803 | +6% |
| EquinixEQIX | 0.3% | $10m | 9,452 | +10% |
| NisourceNI | 0.3% | $10m | 203,816 | +5% |
| Atmos EnergyATO | 0.3% | $10m | 55,277 | +7% |
| Gibson Energy INC.com | 0.2% | $9m | 451,240 | -6% |
| Union PacificUNP | 0.2% | $9m | 32,057 | +7% |
| American Water Works CompanyAWK | 0.2% | $8m | 62,419 | +7% |
| T-Mobile USTMUS | 0.2% | $8m | 47,149 | Held |
| FedExFDX | 0.2% | $8m | 24,502 | +36% |
| Valero EnergyVLO | 0.2% | $7m | 25,899 | -2% |
| Kinetik HoldingsKNTK | 0.2% | $7m | 138,735 | -5% |
| Cheniere Energy Partners L PCQP | 0.2% | $7m | 107,301 | +6% |
| AT&TT | 0.2% | $6m | 286,386 | Held |
| Antero ResourcesAR | 0.1% | $5m | 151,971 | -2% |
| FerrovialFER | 0.1% | $5m | 75,656 | +9% |
| Waste ConnectionsWCN | 0.1% | $5m | 30,917 | -5% |
| American Electric PowerAEP | 0.1% | $5m | 36,648 | +4% |
| Suncor EnergySU | 0.1% | $5m | 92,998 | -2% |
| VistraVST | 0.1% | $5m | 28,898 | +4% |
| Rockpoint Gas Storage INC ClasRPGSF | 0.1% | $4m | 217,242 | -6% |
| Occidental PetroleumOXY | 0.1% | $4m | 86,785 | -2% |
| APAAPA | <0.1% | $4m | 115,181 | -2% |
| Bank of New York MellonBNY | <0.1% | $4m | 25,543 | -93% |
| Southern CompanySO | <0.1% | $4m | 38,342 | +4% |
| Gulfport EnergyGPOR | <0.1% | $4m | 21,262 | -2% |
| HCA HealthcareHCA | <0.1% | $4m | 9,141 | New |
| Chord EnergyCHRD | <0.1% | $3m | 29,833 | -2% |
Showing the largest 100 of 152.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 19.5% since 30 June 2025.
Where the money is
Energy19.6%
Utilities16.0%
Financial services15.9%
Health care8.6%
Real estate6.6%
Industrials4.0%
Technology3.3%
Media & telecom3.0%
Everyday goods2.4%
Retail & consumer2.2%
Materials2.1%
Other16.3%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.