— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

MILLER HOWARD INVESTMENTS INC /NY

45 PINE GROVE AVENUE, SUITE 301, KINGSTON, NY 12401 • 8456799166

Q1 2026 · Filed 2026-04-20
Market Value
$3.6B
+10.3%
Holdings
147
+4
New Purchases
11
Added To
82
Closed
14
Reduced
39
Top 10 Concentration
26.2%
Turnover
17.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CME 1.60% 0.03% +1.57% $58M
SNA 1.42% 0.00% +1.42% $51M
TRGP 1.61% 0.95% +0.66% $58M
COP 2.24% 1.63% +0.61% $81M
VZ 1.53% 1.00% +0.53% $55M
GPS 1.15% 0.63% +0.52% $41M
CNQ 1.95% 1.44% +0.51% $70M
LAMR 1.65% 1.22% +0.42% $59M
HRL 0.90% 0.52% +0.38% $32M
EXC 2.30% 1.93% +0.37% $83M
SUN 1.47% 1.11% +0.37% $53M
LNG 1.30% 0.96% +0.35% $47M
PSX 1.49% 1.15% +0.34% $54M
TRP 2.25% 1.92% +0.34% $81M
PAGP 0.96% 0.66% +0.30% $35M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CSCO 1.24% 2.91% -1.68% $45M
DVY 0.77% 2.19% -1.41% $28M
VICI 0.00% 1.36% -1.36% $0
ORI 1.84% 2.79% -0.95% $66M
GILD 1.52% 2.46% -0.94% $55M
C 1.48% 2.10% -0.62% $53M
JNJ 2.75% 3.25% -0.50% $99M
HRB 0.00% 0.50% -0.50% $0
MDT 1.72% 2.13% -0.41% $62M
ABBV 2.41% 2.81% -0.41% $87M
BAC 1.40% 1.77% -0.36% $51M
AM 0.72% 1.08% -0.36% $26M
EWBC 1.82% 2.13% -0.31% $65M
STT 2.09% 2.37% -0.28% $75M
MPLX 3.55% 3.79% -0.24% $128M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Energy 39.9%
Financial Services 17.2%
Utilities 11.1%
Healthcare 10.9%
Real Estate 5.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 18 $510M 14.2%
Large Cap 102 $2.7B 75.0%
Mid Cap 20 $353M 9.8%
Small Cap 7 $36M 1.0%

Portfolio Analytics

Avg Market Cap
$113.6B
Median Market Cap
$36.3B
Avg P/E
25.5
Median P/E
21.1
Avg Dividend Yield
0.03%
Avg Beta
0.75
# Stocks
137
# ETFs / Funds
10

Top Holdings (147 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MPLX 3.55% 2,239,694 $128M $57.07 $4M -76,227 -3.3%
2 EPD 3.32% 3,160,206 $120M $37.84 $20M +48,087 +1.6%
3 ET 2.80% 5,216,847 $101M $19.30 $14M -12,264 -0.2%
4 JNJ 2.75% 404,296 $99M $244.44 -$7M -107,998 -21.1%
5 GSK 2.50% 1,629,351 $90M $55.19 $9M -12,763 -0.8%
6 ABBV 2.41% 397,998 $87M $217.49 -$5M -3,294 -0.8%
7 EXC 2.30% 1,685,069 $83M $49.02 $20M +241,854 +16.8%
8 TRP 2.25% 1,294,518 $81M $62.60 $19M +158,686 +14.0%
9 COP 2.24% 609,900 $81M $132.00 $27M +42,352 +7.5%
10 STT 2.09% 595,610 $75M $126.56 -$2M -4,020 -0.7%
11 CNQ 1.95% 1,440,125 $70M $48.73 $23M +56,091 +4.0%
12 ETR 1.93% 619,237 $70M $112.36 $12M +523 +0.1%
13 ORI 1.84% 1,658,950 $66M $39.90 -$25M -337,275 -16.9%
14 EWBC 1.82% 612,464 $65M $106.76 -$4M -6,087 -1.0%
15 WES 1.81% 1,584,975 $65M $41.17 $6M +93,543 +6.3%
16 ENB 1.76% 1,170,678 $63M $54.14 $11M +71,014 +6.5%
17 WMB 1.76% 870,105 $63M $72.78 $6M -80,433 -8.5%
18 PAA 1.74% 2,801,601 $63M $22.33 $11M -52,915 -1.9%
19 MDT 1.72% 714,803 $62M $86.65 -$8M -9,090 -1.3%
20 KMI 1.70% 1,822,905 $61M $33.53 $13M +57,198 +3.2%
21 LAMR 1.65% 468,026 $59M $126.66 $19M +152,833 +48.5%
22 HESM 1.61% 1,491,899 $58M $38.87 $8M +45,584 +3.1%
23 TRGP 1.61% 230,592 $58M $250.73 $27M +62,652 +37.3%
24 CME 1.60% 195,433 $58M $295.35 $57M +191,793 +5269.0%
25 VZ 1.53% 1,097,506 $55M $50.20 $22M +297,010 +37.1%
26 GILD 1.52% 393,238 $55M $139.37 -$26M -261,540 -39.9%
27 PSX 1.49% 294,220 $54M $182.18 $16M +3,410 +1.2%
28 C 1.48% 469,968 $53M $113.41 -$15M -117,219 -20.0%
29 SUN 1.47% 816,233 $53M $64.97 $17M +126,964 +18.4%
30 SNA 1.42% 141,082 $51M $363.22 +141,082 NEW
31 BAC 1.40% 1,036,866 $51M $48.75 -$7M -11,158 -1.1%
32 ELS 1.39% 799,961 $50M $62.42 $11M +151,390 +23.3%
33 LNG 1.30% 164,910 $47M $283.76 $16M +4,633 +2.9%
34 HST 1.29% 2,417,960 $46M $19.16 $5M +103,736 +4.5%
35 NTR 1.28% 610,106 $46M $75.46 $8M -237 -0.0%
36 EMN 1.27% 600,368 $46M $76.32 $10M +45,077 +8.1%
37 GS 1.27% 53,857 $46M $845.99 -$3M -953 -1.7%
38 BK 1.25% 379,921 $45M $118.63 $244K -6,212 -1.6%
39 CSCO 1.24% 574,087 $45M $77.59 -$51M -660,205 -53.5%
40 MTB 1.22% 213,021 $44M $206.72 $1M +510 +0.2%
41 OMC 1.22% 581,969 $44M $75.31 -$3M +6,813 +1.2%
42 CMS 1.21% 563,102 $44M $77.58 $3M -14,312 -2.5%
43 RF 1.15% 1,589,537 $42M $26.12 -$1M +5,428 +0.3%
44 USB 1.15% 796,319 $41M $52.01 -$896K +3,355 +0.4%
45 GPS 1.15% 1,704,021 $41M $24.20 $21M +900,855 +112.2%
46 PAYX 1.10% 430,548 $40M $92.12 -$3M +51,477 +13.6%
47 CMCSA 1.02% 1,278,695 $37M $28.71 $10M +369,452 +40.6%
48 GEL 0.98% 1,977,609 $35M $17.83 $4M +565 +0.0%
49 PAGP 0.96% 1,421,518 $35M $24.28 $13M +291,397 +25.8%
50 TXN 0.95% 176,346 $34M $194.14 $3M -1,397 -0.8%
51 OGE 0.94% 705,127 $34M $47.96 $4M +2,388 +0.3%
52 OKE 0.90% 358,317 $32M $90.39 $12M +75,105 +26.5%
53 HRL 0.90% 1,423,720 $32M $22.65 $15M +714,080 +100.6%
54 DTM 0.89% 238,616 $32M $134.67 $6M +20,077 +9.2%
55 DVY 0.77% 184,182 $28M $151.41 -$43M -321,507 -63.6%
56 AM 0.72% 1,138,874 $26M $22.80 -$9M -839,531 -42.4%
57 PBA 0.71% 567,713 $25M $44.76 $6M +45,567 +8.7%
58 KO 0.68% 323,276 $25M $76.05 $2M -5,275 -1.6%
59 STAG 0.59% 586,985 $21M $36.06 -$672K -7,105 -1.2%
60 SRE 0.47% 172,212 $17M $97.17 $3M +12,615 +7.9%
61 NEE 0.41% 159,030 $15M $92.88 $3M +17,461 +12.3%
62 CNP 0.41% 342,077 $15M $43.16 $3M +23,662 +7.4%
63 CEG 0.35% 44,571 $12M $279.25 -$2M +3,001 +7.2%
64 MPC 0.32% 47,097 $12M $244.18 $4M +2,958 +6.7%
65 XEL 0.31% 141,639 $11M $79.44 $3M +31,387 +28.5%
66 AEE 0.30% 99,697 $11M $109.92 $2M +7,168 +7.8%
67 PPL 0.30% 282,632 $11M $38.20 -$1M -62,038 -18.0%
68 AMT 0.29% 61,337 $11M $172.58 $2M +11,243 +22.4%
69 WM 0.29% 45,419 $10M $229.79 $1M +3,384 +8.1%
70 NGG 0.28% 120,490 $10M $84.60 $3M +22,898 +23.5%
71 TMUS 0.27% 46,707 $10M $210.03 $1M +4,408 +10.4%
72 CSX 0.27% 238,817 $10M $41.05 $2M +15,310 +6.8%
73 ATO 0.27% 51,795 $10M $184.72 -$292K -7,024 -11.9%
74 NI 0.25% 193,840 $9M $46.66 -$2M -67,795 -25.9%
75 EQIX 0.23% 8,614 $8M $980.23 $5M +3,892 +82.4%
76 T 0.23% 284,422 $8M $28.99 $2M +25,292 +9.8%
77 AWK 0.22% 58,467 $8M $136.09 $3M +16,653 +39.8%
78 UNP 0.20% 30,101 $7M $242.62 $781K +1,908 +6.8%
79 KNTK 0.20% 146,317 $7M $48.41 $4M +59,942 +69.4%
80 AR 0.18% 155,374 $7M $42.44 $1M +5,977 +4.0%
81 VLO 0.18% 26,518 $7M $247.08 $3M +1,752 +7.1%
82 CQP 0.18% 101,266 $7M $64.63 $994K -2,520 -2.4%
83 FDX 0.18% 18,017 $6M $356.17 +18,017 NEW
84 SU 0.17% 95,128 $6M $66.11 $2M +3,410 +3.7%
85 OXY 0.16% 88,821 $6M $65.00 $3M +15,150 +20.6%
86 SUNC 0.15% 88,613 $5M $61.65 +88,613 NEW
87 WCN 0.15% 32,583 $5M $162.44 $567K +5,633 +20.9%
88 APA 0.14% 117,701 $5M $42.44 +117,701 NEW
89 AEP 0.13% 35,348 $5M $131.08 $2M +8,964 +34.0%
90 GPOR 0.13% 21,782 $5M $211.57 $243K +793 +3.8%
91 CHRD 0.12% 30,492 $4M $142.18 $2M +3,139 +11.5%
92 VST 0.12% 27,900 $4M $150.33 $43K +2,171 +8.4%
93 WTTR 0.11% 261,376 $4M $15.30 $1M +20,773 +8.6%
94 SO 0.10% 36,976 $4M $96.52 $591K +2,822 +8.3%
95 DUK 0.08% 21,445 $3M $130.94 $487K +1,644 +8.3%
96 UPS 0.07% 26,624 $3M $98.38 $184K +2,069 +8.4%
97 DTE 0.07% 16,616 $2M $146.22 $450K +1,269 +8.3%
98 BKR 0.07% 39,056 $2M $61.05 $670K +1,410 +3.8%
99 PEG 0.07% 29,454 $2M $80.95 $186K +2,077 +7.6%
100 OVV 0.06% 39,227 $2M $59.36 $2M +20,317 +107.4%

New Positions

SymbolValue% Port
SNA $51M 1.42%
FDX $6M 0.18%
SUNC $5M 0.15%
APA $5M 0.14%
BE $284K 0.01%
ARRY $77K —%
TE $72K —%
BLDP $70K —%
SHLS $70K —%
PLUG $60K —%
NRGV $51K —%

Sold Out Positions

SymbolValue% Port
HRB —%
VICI —%
AES —%
CCI —%
CPT —%
RDN —%
TSM —%
IGF —%
AMLP —%
HDV —%
SPY —%
ENFR —%
XLE —%
VXUS —%
View SEC EDGAR Filings for MILLER HOWARD INVESTMENTS INC /NY →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms