Miller Howard Investments Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 11, 2025), Miller Howard Investments Inc. reported 136 stock positions worth $3.2 billion. Its top holding was MPLX (MPLX) at 3.7% of the portfolio, followed by Enterprise Products Partners (EPD, 3.3%) and Energy Transfer (ET, 3.0%). Compared with Q1 2025, it opened 4 new positions, sold out of 7, added to 86 and reduced 46. The biggest buy was TC Energy (TRP, shares +94%) and the biggest sale iShares Select Dividend ETF (DVY, shares −83%).
- Most Recent 13F
- Q2 2026
- Location
- KINGSTON, NY
- CIK
- 0000903947
- Portfolio Value
- $3.2B (Q2 2025)
- SEC Filing
- 0000903947-25-000004 ↗ filed Jul 11, 2025
Holdings Value
Holdings 136 stocks · $3.2B
| MPLX MPLX LP | 3.66% | 2,240,136 | $115.4M | Reduce -3.4% |
| EPD Enterprise Products Partners | 3.30% | 3,358,259 | $104.1M | Add +0.7% |
| ET Energy Transfer LP | 3.00% | 5,214,638 | $94.5M | Add +3.6% |
| CSCO Cisco Systems Inc. | 2.75% | 1,249,066 | $86.7M | Add +0.2% |
| PAYX Paychex Inc. | 2.51% | 544,447 | $79.2M | Add +0.2% |
| JNJ Johnson & Johnson | 2.51% | 518,003 | $79.1M | Add +0.0% |
| ORI Old Republic Intl Corp. | 2.46% | 2,020,989 | $77.7M | Add +0.1% |
| ABBV Abbvie Inc. | 2.39% | 405,722 | $75.3M | Add +0.1% |
| GILD Gilead Sciences Inc. | 2.33% | 663,697 | $73.6M | Reduce -0.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 2.27% | 786,863 | $71.7M | Reduce -0.2% |
| JPM JPMorgan Chase & Co. | 2.11% | 229,902 | $66.7M | Add +0.2% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 2.09% | 2,020,651 | $65.9M | Add +0.3% |
| STT State Street Corp. | 2.04% | 604,916 | $64.3M | Add +27.4% |
| MDT Medtronic PLC | 2.03% | 732,971 | $63.9M | Add +0.1% |
| GSK GSK PLC-Spon ADR | 2.02% | 1,659,814 | $63.7M | Add +0.8% |
| EWBC East West Bancorp Inc. | 2.00% | 624,044 | $63.0M | Add +0.1% |
| EXC Exelon Corp. | 1.99% | 1,443,153 | $62.7M | Add +0.4% |
| VZ Verizon Communications Inc. | 1.91% | 1,389,297 | $60.1M | Add +0.6% |
| WES Western Midstream Partners L | 1.80% | 1,469,279 | $56.9M | Add +3.0% |
| WMB Williams Cos Inc. | 1.80% | 905,078 | $56.8M | Add +27.6% |
| TRP TC Energy Corp. | 1.79% | 1,153,849 | $56.3M | Add +93.8% |
| ENB Enbridge Inc. | 1.76% | 1,225,865 | $55.6M | Add +11.1% |
| PAA Plains All Amer Pipeline LP | 1.66% | 2,864,383 | $52.5M | Add +0.1% |
| CMCSA Comcast Corp. Class A | 1.61% | 1,419,835 | $50.7M | Add +1.5% |
| ETR Entergy Corp. | 1.60% | 608,244 | $50.6M | Add +1.1% |
| C Citigroup Inc. | 1.60% | 592,964 | $50.5M | Add +27.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.59% | 1,059,919 | $50.2M | Add +0.1% |
| KMI Kinder Morgan Inc. | 1.59% | 1,702,682 | $50.1M | Add +31.9% |
| HESM Hess Midstream LP Class A | 1.55% | 1,272,494 | $49.0M | Reduce -2.1% |
| TTE Totalenergies SE -Spon ADR | 1.55% | 796,417 | $48.9M | Reduce -0.2% |
| CNQ Canadian Natural Resources | 1.45% | 1,451,340 | $45.6M | Add +0.8% |
| LNG Cheniere Energy Inc. | 1.41% | 182,632 | $44.5M | Add +12.8% |
| IPG Interpublic Group of Cos Inc. | 1.33% | 1,714,292 | $42.0M | Add +2.5% |
| CMS CMS Energy Corp. | 1.26% | 571,340 | $39.6M | Add +0.7% |
| GS Goldman Sachs Group Inc. | 1.23% | 54,814 | $38.8M | Add +0.2% |
| LAMR Lamar Advertising Co. Class A | 1.23% | 319,350 | $38.8M | Add +0.4% |
| HST Host Hotels & Resorts Inc. | 1.20% | 2,464,422 | $37.9M | Add +26.6% |
| TXN Texas Instruments Inc. | 1.20% | 182,191 | $37.8M | Add +0.2% |
| SUN Sunoco LP | 1.17% | 691,096 | $37.0M | Add +0.6% |
| USB US Bancorp | 1.17% | 812,165 | $36.8M | Add +25.8% |
| AM Antero Midstream Corp. | 1.16% | 1,925,498 | $36.5M | Add +11.2% |
| NTR Nutrien Ltd. | 1.15% | 620,588 | $36.1M | Add +0.1% |
| PSX Phillips 66 | 1.07% | 283,518 | $33.8M | Reduce -0.7% |
| KO The Coca-Cola Co. | 1.03% | 459,793 | $32.5M | Reduce -0.4% |
| OGE Oge Energy Corp. | 1.00% | 707,619 | $31.4M | Add +0.2% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.98% | 561,218 | $30.8M | Add +1.3% |
| JEF Jefferies Financial Group Inc. | 0.90% | 521,040 | $28.5M | Add +0.1% |
| TRGP Targa Resources Corp. | 0.89% | 160,552 | $27.9M | Reduce -32.6% |
| EMN Eastman Chemical Co. | 0.83% | 351,091 | $26.2M | New |
| GEL Genesis Energy L.P. | 0.81% | 1,488,590 | $25.6M | Add +20.8% |
| PAGP Plains GP Holdings LP | 0.72% | 1,174,081 | $22.8M | Reduce -18.1% |
| STAG Stag Industrial Inc. | 0.69% | 602,743 | $21.9M | Reduce -0.1% |
| OKE Oneok Inc. | 0.65% | 251,128 | $20.5M | Reduce -30.8% |
| SOBO South Bow Corp. | 0.61% | 746,599 | $19.3M | Reduce -8.7% |
| PBA Pembina Pipeline Corp. | 0.61% | 508,891 | $19.1M | Add +15.9% |
| CAG Conagra Brands Inc. | 0.60% | 930,027 | $19.0M | Reduce -15.5% |
| DTM DT Midstream Inc. | 0.59% | 168,482 | $18.5M | Reduce -6.0% |
| KEYERA CORP COM | 0.57% | 549,845 | $17.9M | Add +27.4% |
| CEG Constellation Energy | 0.39% | 38,174 | $12.3M | Add +4.6% |
| AMT American Tower Corp. | 0.38% | 53,887 | $11.9M | Add +3.4% |
| CNP Centerpoint Energy Inc. | 0.35% | 301,154 | $11.1M | Add +2.8% |
| PPL PPL Corp. | 0.34% | 319,377 | $10.8M | Add +2.8% |
| NI Nisource Inc. | 0.33% | 255,820 | $10.3M | Add +3.6% |
| TMUS T-Mobile US Inc. | 0.30% | 40,241 | $9.6M | Add +1.1% |
| WM Waste Management Inc. | 0.28% | 38,937 | $8.9M | Add +2.5% |
| SRE Sempra | 0.28% | 116,365 | $8.8M | Add +6.5% |
| NEE Nextera Energy Inc. | 0.27% | 124,634 | $8.7M | Add +3.7% |
| ATO Atmos Energy Corp. | 0.26% | 53,505 | $8.2M | Add +3.5% |
| AEE Ameren Corporation | 0.26% | 84,805 | $8.1M | Add +7.1% |
| GIBSON ENERGY INC COM | 0.26% | 462,285 | $8.1M | Add +37.1% |
| DVY iShares Select Dividend ETF | 0.25% | 59,492 | $7.9M | Reduce -83.1% |
| ENFR Alerian Energy Infrastructur | 0.24% | 238,327 | $7.7M | Reduce -23.1% |
| PEG Public Service Enterprise GP | 0.24% | 90,477 | $7.6M | Add +2.8% |
| MPC Marathon Petroleum Corp. | 0.24% | 44,676 | $7.4M | Add +62.3% |
| T AT&T Inc. | 0.23% | 246,920 | $7.1M | Add +2.5% |
| NGG National Grid PLC-SP ADR | 0.21% | 89,925 | $6.7M | Add +2.9% |
| CSX CSX Corp. | 0.21% | 204,640 | $6.7M | Add +8.4% |
| UNP Union Pacific Corp. | 0.19% | 25,781 | $5.9M | Add +1.0% |
| CQP Cheniere Energy Partners LP | 0.19% | 104,438 | $5.9M | Add +0.3% |
| XEL Xcel Energy Inc. | 0.18% | 85,542 | $5.8M | Add +174.5% |
| AWK American Water Works Co. Inc. | 0.17% | 38,989 | $5.4M | Add +3.8% |
| WCN Waste Connections Inc. | 0.17% | 28,569 | $5.3M | Add +19.9% |
| COP Conocophillips | 0.16% | 56,243 | $5.0M | Reduce -6.7% |
| AR Antero Resources Corp. | 0.16% | 125,133 | $5.0M | Reduce -7.7% |
| GPOR Gulfport Energy Corp. | 0.16% | 24,380 | $4.9M | Add +84.4% |
| VST Vistra Corp. | 0.14% | 23,044 | $4.5M | Add +5.7% |
| HES Hess Corp. | 0.14% | 31,663 | $4.4M | Reduce -7.7% |
| SU Suncor Energy Inc. | 0.13% | 106,787 | $4.0M | Reduce -7.7% |
| EQT Eqt Corp. | 0.12% | 66,577 | $3.9M | Reduce -7.7% |
| EQIX Equinix Inc. | 0.12% | 4,788 | $3.8M | Add +23.9% |
| KNTK Kinetik Holdings Inc. | 0.11% | 81,368 | $3.6M | Reduce -48.0% |
| XOM Exxon Mobil Corp. | 0.11% | 31,971 | $3.4M | Reduce -7.8% |
| OXY Occidental Petroleum Corp. | 0.10% | 78,104 | $3.3M | Reduce -7.1% |
| RRC Range Resources Corp. | 0.10% | 80,603 | $3.3M | Reduce -7.8% |
| SO The Southern Co. | 0.09% | 30,335 | $2.8M | Add +5.6% |
| AEP American Electric Power | 0.08% | 23,439 | $2.4M | Add +5.7% |
| UPS United Parcel Service Class B | 0.07% | 22,531 | $2.3M | Add +5.0% |
| DUK Duke Energy Corp. | 0.07% | 17,586 | $2.1M | Add +5.6% |
| D Dominion Energy Inc. | 0.06% | 36,018 | $2.0M | Add +6.8% |
| DTE DTE Energy Company | 0.06% | 13,604 | $1.8M | Add +5.7% |
Portfolio Sells Q1 2025 → Q2 2025
| DVY iShares Select Dividend ETF | Reduce -83.1% | 0.25% | −1.25 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −1.04 |
| RHI Robert Half Inc. | Sold out | 0.00% | −0.73 |
| TRGP Targa Resources Corp. | Reduce -32.6% | 0.89% | −0.63 |
| OKE Oneok Inc. | Reduce -30.8% | 0.65% | −0.50 |
| CAG Conagra Brands Inc. | Reduce -15.5% | 0.60% | −0.33 |
| MPLX MPLX LP | Reduce -3.4% | 3.66% | −0.29 |
| PAGP Plains GP Holdings LP | Reduce -18.1% | 0.72% | −0.25 |
| HESM Hess Midstream LP Class A | Reduce -2.1% | 1.55% | −0.20 |
| KNTK Kinetik Holdings Inc. | Reduce -48.0% | 0.11% | −0.15 |
| TTE Totalenergies SE -Spon ADR | Reduce -0.2% | 1.55% | −0.09 |
| ENFR Alerian Energy Infrastructur | Reduce -23.1% | 0.24% | −0.08 |
| AES AES Corp. | Reduce -73.2% | 0.02% | −0.06 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -67.5% | 0.03% | −0.05 |
| SOBO South Bow Corp. | Reduce -8.7% | 0.61% | −0.05 |
| PSX Phillips 66 | Reduce -0.7% | 1.07% | −0.05 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.05 |
| COP Conocophillips | Reduce -6.7% | 0.16% | −0.04 |
| GILD Gilead Sciences Inc. | Reduce -0.2% | 2.33% | −0.04 |
| HES Hess Corp. | Reduce -7.7% | 0.14% | −0.04 |
| OXY Occidental Petroleum Corp. | Reduce -7.1% | 0.10% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -7.8% | 0.11% | −0.02 |
| LBRT Liberty Energy Inc. | Reduce -7.7% | 0.04% | −0.02 |
| KO The Coca-Cola Co. | Reduce -0.4% | 1.03% | −0.02 |
| AESI Atlas Energy Solutions Inc. | Sold out | 0.00% | −0.02 |
| WTTR Select Water Solutions Inc. | Reduce -7.1% | 0.06% | −0.02 |
| SU Suncor Energy Inc. | Reduce -7.7% | 0.13% | −0.02 |
| AR Antero Resources Corp. | Reduce -7.7% | 0.16% | −0.01 |
| BKR Baker Hughes Co. | Reduce -7.7% | 0.05% | −0.01 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.01 |
| HAL Halliburton Co. | Reduce -6.9% | 0.03% | −0.01 |
| AMLP Alerian MLP ETF | Sold out | 0.00% | −0.01 |
| SM SM Energy Co. | Reduce -7.2% | 0.03% | −0.01 |
| CHRD Chord Energy Corp. | Reduce -6.9% | 0.04% | −0.01 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.01 |
| CTRA Coterra Energy Inc. | Reduce -7.8% | 0.04% | −0.01 |
| RY Royal Bank of Canada | Reduce -41.1% | 0.02% | −0.01 |
| RRC Range Resources Corp. | Reduce -7.8% | 0.10% | −0.01 |
| OVV Ovintiv Inc. | Reduce -7.7% | 0.03% | −0.01 |
| CVE Cenovus Energy Inc. | Reduce -6.9% | 0.05% | −0.00 |
| OMC Omnicom Group | Reduce -4.4% | 0.01% | −0.00 |
| VLO Valero Energy Corp. | Reduce -6.6% | 0.04% | −0.00 |
| SON Sonoco Products Co. | Reduce -7.0% | 0.01% | −0.00 |
| PFE Pfizer Inc. | Reduce -4.4% | 0.01% | −0.00 |
| TGT Target Corp. | Reduce -4.4% | 0.01% | −0.00 |
| STAG Stag Industrial Inc. | Reduce -0.1% | 0.69% | −0.00 |
| RDN Radian Group Inc. | Reduce -6.4% | 0.01% | +0.00 |
| EQT Eqt Corp. | Reduce -7.7% | 0.12% | +0.00 |
| CAH Cardinal Health Inc. | Reduce -6.0% | 0.02% | +0.00 |
| DINO HF Sinclair Corp. | Reduce -6.2% | 0.04% | +0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| TRP TC Energy Corp. | Add +93.8% | 1.79% | +0.89 |
| EMN Eastman Chemical Co. | New | 0.83% | +0.83 |
| STT State Street Corp. | Add +27.4% | 2.04% | +0.69 |
| C Citigroup Inc. | Add +27.4% | 1.60% | +0.55 |
| WMB Williams Cos Inc. | Add +27.6% | 1.80% | +0.45 |
| KMI Kinder Morgan Inc. | Add +31.9% | 1.59% | +0.42 |
| JPM JPMorgan Chase & Co. | Add +0.2% | 2.11% | +0.32 |
| HST Host Hotels & Resorts Inc. | Add +26.6% | 1.20% | +0.32 |
| CSCO Cisco Systems Inc. | Add +0.2% | 2.75% | +0.30 |
| USB US Bancorp | Add +25.8% | 1.17% | +0.30 |
| GS Goldman Sachs Group Inc. | Add +0.2% | 1.23% | +0.28 |
| LNG Cheniere Energy Inc. | Add +12.8% | 1.41% | +0.22 |
| EWBC East West Bancorp Inc. | Add +0.1% | 2.00% | +0.22 |
| ENB Enbridge Inc. | Add +11.1% | 1.76% | +0.21 |
| GEL Genesis Energy L.P. | Add +20.8% | 0.81% | +0.20 |
| BAC Bank of America Corp. | Add +0.1% | 1.59% | +0.18 |
| NTR Nutrien Ltd. | Add +0.1% | 1.15% | +0.17 |
| AM Antero Midstream Corp. | Add +11.2% | 1.16% | +0.17 |
| TXN Texas Instruments Inc. | Add +0.2% | 1.20% | +0.16 |
| CEG Constellation Energy | Add +4.6% | 0.39% | +0.16 |
| KEYERA CORP COM | Add +27.4% | 0.57% | +0.14 |
| XEL Xcel Energy Inc. | Add +174.5% | 0.18% | +0.11 |
| MPC Marathon Petroleum Corp. | Add +62.3% | 0.24% | +0.11 |
| GIBSON ENERGY INC COM | Add +37.1% | 0.26% | +0.09 |
| GPOR Gulfport Energy Corp. | Add +84.4% | 0.16% | +0.08 |
| LAMR Lamar Advertising Co. Class A | Add +0.4% | 1.23% | +0.08 |
| VST Vistra Corp. | Add +5.7% | 0.14% | +0.06 |
| PBA Pembina Pipeline Corp. | Add +15.9% | 0.61% | +0.05 |
| CSX CSX Corp. | Add +8.4% | 0.21% | +0.04 |
| CNQ Canadian Natural Resources | Add +0.8% | 1.45% | +0.03 |
| SRE Sempra | Add +6.5% | 0.28% | +0.03 |
| NGG National Grid PLC-SP ADR | Add +2.9% | 0.21% | +0.03 |
| WCN Waste Connections Inc. | Add +19.9% | 0.17% | +0.02 |
| EQIX Equinix Inc. | Add +23.9% | 0.12% | +0.02 |
| ET Energy Transfer LP | Add +3.6% | 3.00% | +0.02 |
| AMT American Tower Corp. | Add +3.4% | 0.38% | +0.02 |
| JEF Jefferies Financial Group Inc. | Add +0.1% | 0.90% | +0.02 |
| NOMD Nomad Foods Ltd. | New | 0.01% | +0.01 |
| CNP Centerpoint Energy Inc. | Add +2.8% | 0.35% | +0.01 |
| NI Nisource Inc. | Add +3.6% | 0.33% | +0.01 |
| PEG Public Service Enterprise GP | Add +2.8% | 0.24% | +0.01 |
| T AT&T Inc. | Add +2.5% | 0.23% | +0.01 |
| HRB H&R Block Inc. | Add +1.3% | 0.98% | +0.01 |
| NTAP Netapp Inc. | New | 0.01% | +0.01 |
| ATO Atmos Energy Corp. | Add +3.5% | 0.26% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.01% | +0.01 |
| AEE Ameren Corporation | Add +7.1% | 0.26% | +0.01 |
| D Dominion Energy Inc. | Add +6.8% | 0.06% | +0.00 |
| SO The Southern Co. | Add +5.6% | 0.09% | +0.00 |
| NEE Nextera Energy Inc. | Add +3.7% | 0.27% | +0.00 |
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 |