Miller Howard Investments Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 12, 2024), Miller Howard Investments Inc. reported 192 stock positions worth $3.0 billion. Its top holding was MPLX (MPLX) at 3.3% of the portfolio, followed by Enterprise Products Partners (EPD, 3.1%) and Energy Transfer (ET, 3.1%). Compared with Q4 2023, it opened 13 new positions, sold out of 16, added to 86 and reduced 79. The biggest buy was Canadian Natural Resources (CNQ, shares +353%) and the biggest sale EOG Resources (EOG, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- KINGSTON, NY
- CIK
- 0000903947
- Portfolio Value
- $3.0B (Q1 2024)
- SEC Filing
- 0000903947-24-000002 ↗ filed Apr 12, 2024
Holdings Value
Holdings 192 stocks · $3.0B
| MPLX MPLX LP | 3.25% | 2,385,733 | $99.2M | Add +1.0% |
| EPD Enterprise Products Partners | 3.08% | 3,220,815 | $94.0M | Add +2.2% |
| ET Energy Transfer LP | 3.08% | 5,969,807 | $93.9M | Add +2.2% |
| ABBV Abbvie Inc. | 2.73% | 456,849 | $83.2M | Reduce -1.4% |
| AVGO Broadcom Inc. | 2.46% | 56,478 | $74.9M | Reduce -30.0% |
| ORI Old Republic Intl Corp. | 2.41% | 2,387,010 | $73.3M | Reduce -1.4% |
| KO The Coca-Cola Co. | 2.34% | 1,167,298 | $71.4M | Add +4.1% |
| PAYX Paychex Inc. | 2.33% | 578,803 | $71.1M | Add +32.9% |
| GS Goldman Sachs Group Inc. | 2.31% | 168,486 | $70.4M | Reduce -1.1% |
| JNJ Johnson & Johnson | 2.30% | 444,054 | $70.2M | Add +6.0% |
| TXN Texas Instruments Inc. | 2.29% | 400,915 | $69.8M | Reduce -0.0% |
| CNQ Canadian Natural Resources | 2.27% | 906,056 | $69.2M | Add +353.4% |
| CMCSA Comcast Corp. Class A | 2.18% | 1,531,329 | $66.4M | Reduce -1.4% |
| CSCO Cisco Systems Inc. | 2.17% | 1,325,434 | $66.2M | Add +0.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 2.10% | 1,108,213 | $63.9M | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 2.01% | 305,332 | $61.2M | Reduce -1.4% |
| JEF Jefferies Financial Group Inc. | 2.00% | 1,383,123 | $61.0M | Reduce -1.3% |
| IPG Interpublic Group of Cos Inc. | 1.96% | 1,828,686 | $59.7M | Reduce -0.7% |
| EXC Exelon Corp. | 1.93% | 1,563,240 | $58.7M | Add +11.8% |
| TTE Totalenergies SE -Spon ADR | 1.90% | 841,665 | $57.9M | Reduce -1.2% |
| MDT Medtronic PLC | 1.82% | 636,974 | $55.5M | Reduce -0.6% |
| RY Royal Bank of Canada | 1.70% | 512,184 | $51.7M | Add +7.1% |
| MRK Merck & Co. Inc. | 1.69% | 391,148 | $51.6M | Reduce -1.6% |
| GILD Gilead Sciences Inc. | 1.69% | 704,047 | $51.6M | Reduce -1.6% |
| LYB Lyondellbasell Indu Class A | 1.66% | 495,249 | $50.7M | Reduce -0.9% |
| WES Western Midstream Partners L | 1.65% | 1,418,703 | $50.4M | Add +3.2% |
| PSX Phillips 66 | 1.65% | 307,278 | $50.2M | Reduce -5.0% |
| HST Host Hotels & Resorts Inc. | 1.64% | 2,422,961 | $50.1M | Add +21.4% |
| LAMR Lamar Advertising Co. Class A | 1.52% | 387,402 | $46.3M | Reduce -0.8% |
| PAA Plains All Amer Pipeline LP | 1.44% | 2,499,924 | $43.9M | Add +4.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.40% | 1,122,344 | $42.6M | Reduce -1.3% |
| CMS CMS Energy Corp. | 1.31% | 660,031 | $39.8M | Add +19.8% |
| EWBC East West Bancorp Inc. | 1.29% | 497,374 | $39.3M | New |
| AM Antero Midstream Corp. | 1.18% | 2,565,490 | $36.1M | Reduce -0.6% |
| PAGP Plains GP Holdings LP | 1.17% | 1,954,425 | $35.7M | Reduce -1.4% |
| NTR Nutrien Ltd. | 1.11% | 622,193 | $33.8M | Add +16.5% |
| TRGP Targa Resources Corp. | 1.11% | 301,182 | $33.7M | Reduce -10.6% |
| OGE Oge Energy Corp. | 1.00% | 892,712 | $30.6M | Add +16.1% |
| WMB Williams Cos Inc. | 0.98% | 766,335 | $29.9M | Add +0.7% |
| ENLC Enlink Midstream LLC | 0.97% | 2,160,476 | $29.5M | Add +3.3% |
| CAH Cardinal Health Inc. | 0.96% | 262,257 | $29.3M | Reduce -47.7% |
| ENB Enbridge Inc. | 0.92% | 774,931 | $28.0M | Add +10.5% |
| UPS United Parcel Service Class B | 0.91% | 187,510 | $27.9M | Add +5.1% |
| OKE Oneok Inc. | 0.90% | 340,421 | $27.3M | Add +11.8% |
| SUN Sunoco LP | 0.86% | 437,171 | $26.4M | Add +4.2% |
| MAA Mid-America Apartment Comm | 0.85% | 197,478 | $26.0M | Add +9.9% |
| MSM MSC Industrial Direct Co. Class A | 0.85% | 265,635 | $25.8M | Reduce -1.3% |
| STAG Stag Industrial Inc. | 0.82% | 646,243 | $24.8M | Reduce -0.9% |
| HESM Hess Midstream LP Class A | 0.81% | 685,333 | $24.8M | Add +17.1% |
| LNG Cheniere Energy Inc. | 0.74% | 139,452 | $22.5M | Reduce -20.7% |
| TRP TC Energy Corp. | 0.69% | 525,203 | $21.1M | Add +0.3% |
| KMI Kinder Morgan Inc. | 0.66% | 1,092,515 | $20.0M | Add +21.8% |
| NS Nustar Energy LP | 0.63% | 829,469 | $19.3M | Reduce -3.4% |
| CPT Camden Property Trust | 0.61% | 188,729 | $18.6M | Add +16.9% |
| ETRN Equitrans Midstream Corp. | 0.42% | 1,035,094 | $12.9M | Reduce -0.5% |
| PBA Pembina Pipeline Corp. | 0.42% | 358,254 | $12.7M | Reduce -0.5% |
| MPC Marathon Petroleum Corp. | 0.36% | 54,570 | $11.0M | Reduce -12.2% |
| DTM DT Midstream Inc. | 0.35% | 173,224 | $10.6M | Add +0.0% |
| KEYERA CORP COM | 0.32% | 375,170 | $9.7M | No change |
| SU Suncor Energy Inc. | 0.31% | 258,854 | $9.6M | Add +0.8% |
| D Dominion Energy Inc. | 0.29% | 182,598 | $9.0M | Reduce -3.3% |
| WM Waste Management Inc. | 0.29% | 41,269 | $8.8M | Reduce -7.8% |
| NI Nisource Inc. | 0.29% | 316,634 | $8.8M | Reduce -8.0% |
| ETR Entergy Corp. | 0.27% | 78,425 | $8.3M | Reduce -7.8% |
| MO Altria Group Inc. | 0.26% | 180,000 | $7.9M | No change |
| PPL PPL Corp. | 0.25% | 281,850 | $7.8M | Reduce -7.6% |
| DVY iShares Select Dividend ETF | 0.25% | 62,990 | $7.8M | Reduce -84.4% |
| CNP Centerpoint Energy Inc. | 0.25% | 268,322 | $7.6M | Add +15.7% |
| SRE Sempra | 0.25% | 104,679 | $7.5M | Reduce -20.5% |
| CEG Constellation Energy | 0.24% | 39,109 | $7.2M | Reduce -20.2% |
| AMT American Tower Corp. | 0.23% | 36,216 | $7.2M | Reduce -0.2% |
| AB Alliancebernstein Holding LP | 0.23% | 204,000 | $7.1M | No change |
| BHP BHP Group Ltd.-Spon ADR | 0.23% | 120,000 | $6.9M | No change |
| CAG Conagra Brands Inc. | 0.23% | 231,916 | $6.9M | Reduce 0.0% |
| CSX CSX Corp. | 0.22% | 181,454 | $6.7M | Reduce -0.1% |
| APLE Apple Hospitality REIT Inc. | 0.21% | 399,840 | $6.5M | Add +0.0% |
| HUN Huntsman Corp. | 0.21% | 248,053 | $6.5M | Reduce -0.0% |
| OXY Occidental Petroleum Corp. | 0.21% | 98,013 | $6.4M | Add +3.8% |
| POR Portland General Electric Co. | 0.21% | 150,202 | $6.3M | Reduce -15.3% |
| NGG National Grid PLC-SP ADR | 0.20% | 89,590 | $6.1M | Reduce -4.3% |
| NEE Nextera Energy Inc. | 0.20% | 94,209 | $6.0M | Add +12.6% |
| HES Hess Corp. | 0.20% | 39,387 | $6.0M | Add +0.3% |
| UNP Union Pacific Corp. | 0.19% | 23,253 | $5.7M | Add +0.2% |
| HCA HCA Healthcare Inc. | 0.19% | 16,992 | $5.7M | Add +1.1% |
| AEE Ameren Corporation | 0.19% | 76,312 | $5.6M | Reduce -3.7% |
| MTN Vail Resorts Inc. | 0.18% | 25,000 | $5.6M | No change |
| PEG Public Service Enterprise GP | 0.18% | 81,435 | $5.4M | Add +4.7% |
| SHEL Shell PLC-ADR | 0.18% | 80,000 | $5.4M | No change |
| O Realty Income Corp. | 0.18% | 99,060 | $5.4M | New |
| TMUS T-Mobile US Inc. | 0.17% | 31,275 | $5.1M | New |
| GIBSON ENERGY INC COM | 0.16% | 293,153 | $5.0M | No change |
| HTGC Hercules Capital Inc. | 0.16% | 270,000 | $5.0M | No change |
| CCI Crown Castle Inc. | 0.16% | 45,755 | $4.8M | Add +0.3% |
| CHRD Chord Energy Corp. | 0.16% | 27,133 | $4.8M | Reduce -1.5% |
| CQP Cheniere Energy Partners LP | 0.16% | 96,659 | $4.8M | Add +3.7% |
| COP Conocophillips | 0.15% | 36,653 | $4.7M | Reduce -0.8% |
| PXD Pioneer Natural Resources Co. | 0.15% | 17,314 | $4.5M | Reduce -1.5% |
| DINO HF Sinclair Corp. | 0.15% | 74,332 | $4.5M | Add +22.6% |
| SM SM Energy Co. | 0.14% | 88,118 | $4.4M | Add +1.1% |
| PBR Petroleo Brasileiro-Spon ADR | 0.14% | 275,000 | $4.2M | Add +10.0% |
Portfolio Sells Q4 2023 → Q1 2024
| EOG EOG Resources Inc. | Reduce -97.0% | 0.07% | −2.18 |
| DVY iShares Select Dividend ETF | Reduce -84.4% | 0.25% | −1.39 |
| CAH Cardinal Health Inc. | Reduce -47.7% | 0.96% | −0.80 |
| AVGO Broadcom Inc. | Reduce -30.0% | 2.46% | −0.68 |
| GILD Gilead Sciences Inc. | Reduce -1.6% | 1.69% | −0.33 |
| LNG Cheniere Energy Inc. | Reduce -20.7% | 0.74% | −0.31 |
| KEY Keycorp | Sold out | 0.00% | −0.25 |
| SRC Spirit Realty Capital Inc. | Sold out | 0.00% | −0.20 |
| CMCSA Comcast Corp. Class A | Reduce -1.4% | 2.18% | −0.19 |
| BCE Bce Inc. | Sold out | 0.00% | −0.17 |
| IPG Interpublic Group of Cos Inc. | Reduce -0.7% | 1.96% | −0.14 |
| MSM MSC Industrial Direct Co. Class A | Reduce -1.3% | 0.85% | −0.10 |
| TTE Totalenergies SE -Spon ADR | Reduce -1.2% | 1.90% | −0.10 |
| SRE Sempra | Reduce -20.5% | 0.25% | −0.10 |
| FTS Fortis Inc. | Reduce -77.5% | 0.02% | −0.10 |
| TXN Texas Instruments Inc. | Reduce -0.0% | 2.29% | −0.09 |
| OMF Onemain Holdings Inc. | Reduce -47.5% | 0.09% | −0.09 |
| STAG Stag Industrial Inc. | Reduce -0.9% | 0.82% | −0.08 |
| ORI Old Republic Intl Corp. | Reduce -1.4% | 2.41% | −0.07 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -63.3% | 0.04% | −0.07 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.06 |
| LBRT Liberty Energy Inc. | Reduce -47.3% | 0.08% | −0.06 |
| UNM Unum Group | Sold out | 0.00% | −0.06 |
| POR Portland General Electric Co. | Reduce -15.3% | 0.21% | −0.06 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -83.9% | 0.01% | −0.04 |
| AMT American Tower Corp. | Reduce -0.2% | 0.23% | −0.04 |
| PPL PPL Corp. | Reduce -7.6% | 0.25% | −0.03 |
| EIX Edison International | Reduce -28.1% | 0.07% | −0.03 |
| NI Nisource Inc. | Reduce -8.0% | 0.29% | −0.03 |
| SO The Southern Co. | Reduce -28.5% | 0.06% | −0.03 |
| ETR Entergy Corp. | Reduce -7.8% | 0.27% | −0.03 |
| SUSA iShares ESG Optimized MSCI U | Sold out | 0.00% | −0.03 |
| AMJ JPMorgan Alerian MLP Index | Sold out | 0.00% | −0.02 |
| NGG National Grid PLC-SP ADR | Reduce -4.3% | 0.20% | −0.02 |
| AEP American Electric Power | Reduce -25.8% | 0.06% | −0.02 |
| CPRX Catalyst Pharmaceuticals Inc. | Sold out | 0.00% | −0.02 |
| DUK Duke Energy Corp. | Reduce -27.1% | 0.04% | −0.02 |
| WEC WEC Energy Group Inc. | Reduce -27.6% | 0.04% | −0.02 |
| LNT Alliant Energy Corp. | Reduce -28.1% | 0.04% | −0.02 |
| MDT Medtronic PLC | Reduce -0.6% | 1.82% | −0.02 |
| OXM Oxford Industries Inc. | Sold out | 0.00% | −0.02 |
| PBA Pembina Pipeline Corp. | Reduce -0.5% | 0.42% | −0.02 |
| AEE Ameren Corporation | Reduce -3.7% | 0.19% | −0.01 |
| D Dominion Energy Inc. | Reduce -3.3% | 0.29% | −0.01 |
| WAFD Wafd Inc. | Sold out | 0.00% | −0.01 |
| M D C HLDGS INC | Sold out | 0.00% | −0.01 |
| ASO Academy Sports & Outdoors Inc. | Sold out | 0.00% | −0.01 |
| DTE DTE Energy Company | Reduce -16.4% | 0.05% | −0.01 |
| OGS One Gas Inc. | Reduce -22.0% | 0.03% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| CNQ Canadian Natural Resources | Add +353.4% | 2.27% | +1.81 |
| EWBC East West Bancorp Inc. | New | 1.29% | +1.29 |
| PAYX Paychex Inc. | Add +32.9% | 2.33% | +0.53 |
| HST Host Hotels & Resorts Inc. | Add +21.4% | 1.64% | +0.29 |
| ET Energy Transfer LP | Add +2.2% | 3.08% | +0.27 |
| WES Western Midstream Partners L | Add +3.2% | 1.65% | +0.25 |
| MPLX MPLX LP | Add +1.0% | 3.25% | +0.23 |
| CMS CMS Energy Corp. | Add +19.8% | 1.31% | +0.19 |
| EPD Enterprise Products Partners | Add +2.2% | 3.08% | +0.19 |
| EXC Exelon Corp. | Add +11.8% | 1.93% | +0.18 |
| O Realty Income Corp. | New | 0.18% | +0.18 |
| PAA Plains All Amer Pipeline LP | Add +4.2% | 1.44% | +0.17 |
| TMUS T-Mobile US Inc. | New | 0.17% | +0.17 |
| HESM Hess Midstream LP Class A | Add +17.1% | 0.81% | +0.17 |
| OKE Oneok Inc. | Add +11.8% | 0.90% | +0.15 |
| ATO Atmos Energy Corp. | New | 0.12% | +0.12 |
| KMI Kinder Morgan Inc. | Add +21.8% | 0.66% | +0.11 |
| KNTK Kinetik Holdings Inc. | New | 0.10% | +0.10 |
| CBRL Cracker Barrel Old Country | New | 0.10% | +0.10 |
| ENLC Enlink Midstream LLC | Add +3.3% | 0.97% | +0.08 |
| OGE Oge Energy Corp. | Add +16.1% | 1.00% | +0.07 |
| RRC Range Resources Corp. | Add +137.4% | 0.11% | +0.07 |
| NTR Nutrien Ltd. | Add +16.5% | 1.11% | +0.06 |
| WMB Williams Cos Inc. | Add +0.7% | 0.98% | +0.06 |
| CPT Camden Property Trust | Add +16.9% | 0.61% | +0.05 |
| KO The Coca-Cola Co. | Add +4.1% | 2.34% | +0.04 |
| ENB Enbridge Inc. | Add +10.5% | 0.92% | +0.04 |
| DINO HF Sinclair Corp. | Add +22.6% | 0.15% | +0.03 |
| HCA HCA Healthcare Inc. | Add +1.1% | 0.19% | +0.03 |
| SU Suncor Energy Inc. | Add +0.8% | 0.31% | +0.03 |
| SM SM Energy Co. | Add +1.1% | 0.14% | +0.03 |
| PCG P G & E Corp. | New | 0.02% | +0.02 |
| NEE Nextera Energy Inc. | Add +12.6% | 0.20% | +0.02 |
| CNP Centerpoint Energy Inc. | Add +15.7% | 0.25% | +0.02 |
| NOMD Nomad Foods Ltd. | New | 0.02% | +0.02 |
| DTM DT Midstream Inc. | Add +0.0% | 0.35% | +0.02 |
| JNJ Johnson & Johnson | Add +6.0% | 2.30% | +0.02 |
| BHE Benchmark Electronics Inc. | New | 0.01% | +0.01 |
| KBH KB Home | New | 0.01% | +0.01 |
| PEG Public Service Enterprise GP | Add +4.7% | 0.18% | +0.01 |
| OXY Occidental Petroleum Corp. | Add +3.8% | 0.21% | +0.01 |
| HAE Haemonetics Corp. | New | 0.01% | +0.01 |
| MAA Mid-America Apartment Comm | Add +9.9% | 0.85% | +0.01 |
| RY Royal Bank of Canada | Add +7.1% | 1.70% | +0.01 |
| SMP Standard Motor Prods | New | 0.01% | +0.01 |
| CBT Cabot Corp. | New | 0.01% | +0.01 |
| EME Emcor Group Inc. | Add +0.6% | 0.02% | +0.01 |
| MEDP Medpace Holdings Inc. | Add +0.6% | 0.04% | +0.01 |
| PDCO Patterson Cos Inc. | Add +83.2% | 0.02% | +0.01 |
| OVV Ovintiv Inc. | Add +3.4% | 0.05% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 152 | $3.8B | MPLX, EPD, JNJ, ET, ABBV |
| Q1 2026 | 138 | $3.7B | MPLX, EPD, ET, JNJ, GSK |
| Q4 2025 | 140 | $3.3B | MPLX, JNJ, EPD, CSCO, ABBV |
| Q3 2025 | 135 | $3.3B | MPLX, EPD, JNJ, ABBV, ET |
| Q2 2025 | 136 | $3.2B | MPLX, EPD, ET, CSCO, PAYX |
| Q1 2025 | 139 | $3.1B | MPLX, EPD, ET, JNJ, ABBV |
| Q4 2024 | 136 | $3.0B | MPLX, ET, JEF, EPD, GS |
| Q3 2024 | 195 | $3.2B | MPLX, ET, EPD, GILD, KO |
| Q2 2024 | 192 | $3.0B | MPLX, ET, EPD, ABBV, GS |
| Q1 2024 | 192 | $3.0B | MPLX, EPD, ET, ABBV, AVGO |