Miller Howard Investments Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 24, 2025), Miller Howard Investments Inc. reported 135 stock positions worth $3.3 billion. Its top holding was MPLX (MPLX) at 3.4% of the portfolio, followed by Enterprise Products Partners (EPD, 2.9%) and Johnson & Johnson (JNJ, 2.9%). Compared with Q2 2025, it opened 6 new positions, sold out of 7, added to 84 and reduced 43. The biggest buy was Conocophillips (COP, shares +987%) and the biggest sale Totalenergies SE -Spon ADR (TTE, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- KINGSTON, NY
- CIK
- 0000903947
- Portfolio Value
- $3.3B (Q3 2025)
- SEC Filing
- 0000903947-25-000008 ↗ filed Oct 24, 2025
Holdings Value
Holdings 135 stocks · $3.3B
| MPLX MPLX LP | 3.44% | 2,258,674 | $112.8M | Add +0.8% |
| EPD Enterprise Products Partners | 2.94% | 3,080,386 | $96.3M | Reduce -8.3% |
| JNJ Johnson & Johnson | 2.94% | 519,216 | $96.3M | Add +0.2% |
| ABBV Abbvie Inc. | 2.87% | 406,731 | $94.2M | Add +0.3% |
| ET Energy Transfer LP | 2.80% | 5,351,145 | $91.8M | Add +2.6% |
| ORI Old Republic Intl Corp. | 2.62% | 2,023,074 | $85.9M | Add +0.1% |
| CSCO Cisco Systems Inc. | 2.61% | 1,250,074 | $85.5M | Add +0.1% |
| GILD Gilead Sciences Inc. | 2.24% | 663,157 | $73.6M | Reduce -0.1% |
| GSK GSK PLC-Spon ADR | 2.19% | 1,661,610 | $71.7M | Add +0.1% |
| STT State Street Corp. | 2.15% | 606,922 | $70.4M | Add +0.3% |
| MDT Medtronic PLC | 2.13% | 734,008 | $69.9M | Add +0.1% |
| PAYX Paychex Inc. | 2.10% | 544,020 | $69.0M | Reduce -0.1% |
| EWBC East West Bancorp Inc. | 2.03% | 626,326 | $66.7M | Add +0.4% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 2.01% | 2,023,105 | $66.0M | Add +0.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 2.01% | 603,911 | $65.8M | Reduce -23.3% |
| EXC Exelon Corp. | 1.99% | 1,449,009 | $65.2M | Add +0.4% |
| TRP TC Energy Corp. | 1.88% | 1,133,268 | $61.7M | Reduce -1.8% |
| VZ Verizon Communications Inc. | 1.87% | 1,396,148 | $61.4M | Add +0.5% |
| C Citigroup Inc. | 1.84% | 594,698 | $60.4M | Add +0.3% |
| WMB Williams Cos Inc. | 1.78% | 920,121 | $58.3M | Add +1.7% |
| WES Western Midstream Partners L | 1.77% | 1,480,497 | $58.2M | Add +0.8% |
| COP Conocophillips | 1.76% | 611,243 | $57.8M | Add +986.8% |
| ETR Entergy Corp. | 1.74% | 611,696 | $57.0M | Add +0.6% |
| ENB Enbridge Inc. | 1.67% | 1,086,127 | $54.8M | Reduce -11.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.67% | 1,062,061 | $54.8M | Add +0.2% |
| HESM Hess Midstream LP Class A | 1.59% | 1,507,121 | $52.1M | Add +18.4% |
| JPM JPMorgan Chase & Co. | 1.55% | 160,947 | $50.8M | Reduce -30.0% |
| PAA Plains All Amer Pipeline LP | 1.50% | 2,878,958 | $49.1M | Add +0.5% |
| KMI Kinder Morgan Inc. | 1.48% | 1,715,476 | $48.6M | Add +0.8% |
| IPG Interpublic Group of Cos Inc. | 1.47% | 1,731,113 | $48.3M | Add +1.0% |
| CNQ Canadian Natural Resources | 1.40% | 1,432,822 | $45.8M | Reduce -1.3% |
| GS Goldman Sachs Group Inc. | 1.34% | 55,032 | $43.8M | Add +0.4% |
| LNG Cheniere Energy Inc. | 1.33% | 185,532 | $43.6M | Add +1.6% |
| HST Host Hotels & Resorts Inc. | 1.29% | 2,476,395 | $42.1M | Add +0.5% |
| CMS CMS Energy Corp. | 1.28% | 573,241 | $42.0M | Add +0.3% |
| CMCSA Comcast Corp. Class A | 1.25% | 1,307,297 | $41.1M | Reduce -7.9% |
| ELS Equity Lifestyle Properties | 1.22% | 658,476 | $40.0M | New |
| USB US Bancorp | 1.20% | 816,542 | $39.5M | Add +0.5% |
| LAMR Lamar Advertising Co. Class A | 1.19% | 319,468 | $39.1M | Add +0.0% |
| PSX Phillips 66 | 1.17% | 282,491 | $38.4M | Reduce -0.4% |
| AM Antero Midstream Corp. | 1.14% | 1,930,588 | $37.5M | Add +0.3% |
| NTR Nutrien Ltd. | 1.11% | 618,911 | $36.3M | Reduce -0.3% |
| SUN Sunoco LP | 1.06% | 694,880 | $34.8M | Add +0.6% |
| GEL Genesis Energy L.P. | 1.05% | 2,051,440 | $34.3M | Add +37.8% |
| JEF Jefferies Financial Group Inc. | 1.04% | 522,294 | $34.2M | Add +0.2% |
| TXN Texas Instruments Inc. | 1.02% | 181,340 | $33.3M | Reduce -0.5% |
| OGE Oge Energy Corp. | 1.00% | 708,496 | $32.8M | Add +0.1% |
| KO The Coca-Cola Co. | 0.93% | 459,535 | $30.5M | Reduce -0.1% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.86% | 560,065 | $28.3M | Reduce -0.2% |
| TRGP Targa Resources Corp. | 0.84% | 163,550 | $27.4M | Add +1.9% |
| DTM DT Midstream Inc. | 0.73% | 210,411 | $23.8M | Add +24.9% |
| SOBO South Bow Corp. | 0.66% | 763,017 | $21.6M | Add +2.2% |
| STAG Stag Industrial Inc. | 0.65% | 603,761 | $21.3M | Add +0.2% |
| PBA Pembina Pipeline Corp. | 0.63% | 510,130 | $20.6M | Add +0.2% |
| PAGP Plains GP Holdings LP | 0.61% | 1,100,206 | $20.1M | Reduce -6.3% |
| HRL Hormel Foods Corp. | 0.60% | 801,302 | $19.8M | New |
| KEYERA CORP COM | 0.56% | 549,969 | $18.5M | Add +0.0% |
| OKE Oneok Inc. | 0.56% | 252,600 | $18.4M | Add +0.6% |
| EMN Eastman Chemical Co. | 0.55% | 286,016 | $18.0M | Reduce -18.5% |
| CEG Constellation Energy | 0.39% | 38,744 | $12.7M | Add +1.5% |
| PPL PPL Corp. | 0.37% | 325,830 | $12.1M | Add +2.0% |
| CNP Centerpoint Energy Inc. | 0.35% | 297,522 | $11.5M | Reduce -1.2% |
| SRE Sempra | 0.33% | 119,124 | $10.7M | Add +2.4% |
| NI Nisource Inc. | 0.32% | 243,553 | $10.5M | Reduce -4.8% |
| AMT American Tower Corp. | 0.31% | 53,348 | $10.3M | Reduce -1.0% |
| TMUS T-Mobile US Inc. | 0.30% | 40,937 | $9.8M | Add +1.7% |
| NEE Nextera Energy Inc. | 0.29% | 127,348 | $9.6M | Add +2.2% |
| ATO Atmos Energy Corp. | 0.28% | 54,633 | $9.3M | Add +2.1% |
| AEE Ameren Corporation | 0.28% | 86,512 | $9.0M | Add +2.0% |
| GIBSON ENERGY INC COM | 0.27% | 472,689 | $8.8M | Add +2.3% |
| WM Waste Management Inc. | 0.26% | 39,102 | $8.6M | Add +0.4% |
| DVY iShares Select Dividend ETF | 0.26% | 59,779 | $8.5M | Add +0.5% |
| MPC Marathon Petroleum Corp. | 0.25% | 43,361 | $8.4M | Reduce -2.9% |
| PEG Public Service Enterprise GP | 0.24% | 92,558 | $7.7M | Add +2.3% |
| CSX CSX Corp. | 0.22% | 207,368 | $7.4M | Add +1.3% |
| XEL Xcel Energy Inc. | 0.22% | 88,406 | $7.1M | Add +3.4% |
| ENFR Alerian Energy Infrastructur | 0.22% | 218,049 | $7.1M | Reduce -8.5% |
| T AT&T Inc. | 0.22% | 249,876 | $7.1M | Add +1.2% |
| NGG National Grid PLC-SP ADR | 0.20% | 90,984 | $6.6M | Add +1.2% |
| UNP Union Pacific Corp. | 0.18% | 25,406 | $6.0M | Reduce -1.4% |
| CQP Cheniere Energy Partners LP | 0.17% | 104,522 | $5.6M | Add +0.1% |
| AWK American Water Works Co. Inc. | 0.17% | 39,841 | $5.5M | Add +2.2% |
| AR Antero Resources Corp. | 0.16% | 156,389 | $5.2M | Add +25.0% |
| WCN Waste Connections Inc. | 0.15% | 28,696 | $5.0M | Add +0.4% |
| VST Vistra Corp. | 0.14% | 24,058 | $4.7M | Add +4.4% |
| SU Suncor Energy Inc. | 0.12% | 96,034 | $4.0M | Reduce -10.1% |
| GPOR Gulfport Energy Corp. | 0.12% | 21,915 | $4.0M | Reduce -10.1% |
| EQIX Equinix Inc. | 0.11% | 4,753 | $3.7M | Reduce -0.7% |
| KNTK Kinetik Holdings Inc. | 0.11% | 83,195 | $3.6M | Add +2.3% |
| CVX Chevron Corp. | 0.10% | 21,422 | $3.3M | New |
| OXY Occidental Petroleum Corp. | 0.10% | 70,270 | $3.3M | Reduce -10.0% |
| EQT Eqt Corp. | 0.10% | 59,860 | $3.3M | Reduce -10.1% |
| SO The Southern Co. | 0.09% | 31,657 | $3.0M | Add +4.4% |
| WTTR Select Water Solutions Inc. | 0.09% | 262,029 | $2.8M | Add +27.0% |
| AEP American Electric Power | 0.08% | 24,455 | $2.8M | Add +4.3% |
| XOM Exxon Mobil Corp. | 0.08% | 24,285 | $2.7M | Reduce -24.0% |
| RRC Range Resources Corp. | 0.08% | 72,477 | $2.7M | Reduce -10.1% |
| CCI Crown Castle Inc. | 0.08% | 26,716 | $2.6M | New |
| D Dominion Energy Inc. | 0.07% | 37,571 | $2.3M | Add +4.3% |
| DUK Duke Energy Corp. | 0.07% | 18,353 | $2.3M | Add +4.4% |
Portfolio Sells Q2 2025 → Q3 2025
| TTE Totalenergies SE -Spon ADR | Reduce -98.3% | 0.03% | −1.53 |
| CAG Conagra Brands Inc. | Sold out | 0.00% | −0.60 |
| JPM JPMorgan Chase & Co. | Reduce -30.0% | 1.55% | −0.57 |
| PAYX Paychex Inc. | Reduce -0.1% | 2.10% | −0.41 |
| EPD Enterprise Products Partners | Reduce -8.3% | 2.94% | −0.37 |
| CMCSA Comcast Corp. Class A | Reduce -7.9% | 1.25% | −0.35 |
| EMN Eastman Chemical Co. | Reduce -18.5% | 0.55% | −0.28 |
| BNY Bank of New York Mellon Corp. | Reduce -23.3% | 2.01% | −0.27 |
| TXN Texas Instruments Inc. | Reduce -0.5% | 1.02% | −0.18 |
| HES Hess Corp. | Sold out | 0.00% | −0.14 |
| HRB H&R Block Inc. | Reduce -0.2% | 0.86% | −0.11 |
| PAGP Plains GP Holdings LP | Reduce -6.3% | 0.61% | −0.11 |
| KO The Coca-Cola Co. | Reduce -0.1% | 0.93% | −0.10 |
| ENB Enbridge Inc. | Reduce -11.4% | 1.67% | −0.09 |
| GILD Gilead Sciences Inc. | Reduce -0.1% | 2.24% | −0.09 |
| AMT American Tower Corp. | Reduce -1.0% | 0.31% | −0.06 |
| CNQ Canadian Natural Resources | Reduce -1.3% | 1.40% | −0.05 |
| NTR Nutrien Ltd. | Reduce -0.3% | 1.11% | −0.04 |
| DINO HF Sinclair Corp. | Sold out | 0.00% | −0.04 |
| GPOR Gulfport Energy Corp. | Reduce -10.1% | 0.12% | −0.03 |
| ENFR Alerian Energy Infrastructur | Reduce -8.5% | 0.22% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -24.0% | 0.08% | −0.03 |
| EQT Eqt Corp. | Reduce -10.1% | 0.10% | −0.02 |
| RRC Range Resources Corp. | Reduce -10.1% | 0.08% | −0.02 |
| UPS United Parcel Service Class B | Reduce -8.6% | 0.05% | −0.02 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.01 |
| TGT Target Corp. | Sold out | 0.00% | −0.01 |
| MAA Mid-America Apartment Comm | Sold out | 0.00% | −0.01 |
| EQIX Equinix Inc. | Reduce -0.7% | 0.11% | −0.01 |
| CTRA Coterra Energy Inc. | Reduce -10.2% | 0.03% | −0.01 |
| CPT Camden Property Trust | Sold out | 0.00% | −0.01 |
| NI Nisource Inc. | Reduce -4.8% | 0.32% | −0.01 |
| CHRD Chord Energy Corp. | Reduce -11.2% | 0.04% | −0.01 |
| UNP Union Pacific Corp. | Reduce -1.4% | 0.18% | −0.01 |
| SM SM Energy Co. | Reduce -10.8% | 0.03% | −0.00 |
| SU Suncor Energy Inc. | Reduce -10.1% | 0.12% | −0.00 |
| LBRT Liberty Energy Inc. | Reduce -10.2% | 0.04% | −0.00 |
| OXY Occidental Petroleum Corp. | Reduce -10.0% | 0.10% | −0.00 |
| CAH Cardinal Health Inc. | Reduce -2.5% | 0.02% | −0.00 |
| OVV Ovintiv Inc. | Reduce -8.9% | 0.03% | −0.00 |
| RY Royal Bank of Canada | Reduce -6.1% | 0.02% | +0.00 |
| CNP Centerpoint Energy Inc. | Reduce -1.2% | 0.35% | +0.00 |
| HAL Halliburton Co. | Reduce -10.0% | 0.03% | +0.00 |
| AVGO Broadcom Inc. | Reduce -8.6% | 0.04% | +0.00 |
| VLO Valero Energy Corp. | Reduce -10.1% | 0.04% | +0.00 |
| CVE Cenovus Energy Inc. | Reduce -9.2% | 0.05% | +0.00 |
| BKR Baker Hughes Co. | Reduce -10.1% | 0.06% | +0.01 |
| MPC Marathon Petroleum Corp. | Reduce -2.9% | 0.25% | +0.02 |
| TRP TC Energy Corp. | Reduce -1.8% | 1.88% | +0.10 |
| PSX Phillips 66 | Reduce -0.4% | 1.17% | +0.10 |
Portfolio Buys Q2 2025 → Q3 2025
| COP Conocophillips | Add +986.8% | 1.76% | +1.60 |
| ELS Equity Lifestyle Properties | New | 1.22% | +1.22 |
| HRL Hormel Foods Corp. | New | 0.60% | +0.60 |
| ABBV Abbvie Inc. | Add +0.3% | 2.87% | +0.48 |
| JNJ Johnson & Johnson | Add +0.2% | 2.94% | +0.43 |
| C Citigroup Inc. | Add +0.3% | 1.84% | +0.24 |
| GEL Genesis Energy L.P. | Add +37.8% | 1.05% | +0.23 |
| GSK GSK PLC-Spon ADR | Add +0.1% | 2.19% | +0.17 |
| ORI Old Republic Intl Corp. | Add +0.1% | 2.62% | +0.16 |
| IPG Interpublic Group of Cos Inc. | Add +1.0% | 1.47% | +0.14 |
| JEF Jefferies Financial Group Inc. | Add +0.2% | 1.04% | +0.14 |
| DTM DT Midstream Inc. | Add +24.9% | 0.73% | +0.14 |
| ETR Entergy Corp. | Add +0.6% | 1.74% | +0.14 |
| STT State Street Corp. | Add +0.3% | 2.15% | +0.11 |
| GS Goldman Sachs Group Inc. | Add +0.4% | 1.34% | +0.11 |
| MDT Medtronic PLC | Add +0.1% | 2.13% | +0.11 |
| CVX Chevron Corp. | New | 0.10% | +0.10 |
| HST Host Hotels & Resorts Inc. | Add +0.5% | 1.29% | +0.08 |
| BAC Bank of America Corp. | Add +0.2% | 1.67% | +0.08 |
| CCI Crown Castle Inc. | New | 0.08% | +0.08 |
| SRE Sempra | Add +2.4% | 0.33% | +0.05 |
| SOBO South Bow Corp. | Add +2.2% | 0.66% | +0.04 |
| USB US Bancorp | Add +0.5% | 1.20% | +0.04 |
| NRG NRG Energy Inc. | New | 0.03% | +0.03 |
| EWBC East West Bancorp Inc. | Add +0.4% | 2.03% | +0.03 |
| HESM Hess Midstream LP Class A | Add +18.4% | 1.59% | +0.03 |
| XEL Xcel Energy Inc. | Add +3.4% | 0.22% | +0.03 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +110.6% | 0.06% | +0.03 |
| WTTR Select Water Solutions Inc. | Add +27.0% | 0.09% | +0.03 |
| PPL PPL Corp. | Add +2.0% | 0.37% | +0.03 |
| CMS CMS Energy Corp. | Add +0.3% | 1.28% | +0.03 |
| PBA Pembina Pipeline Corp. | Add +0.2% | 0.63% | +0.02 |
| ATO Atmos Energy Corp. | Add +2.1% | 0.28% | +0.02 |
| NEE Nextera Energy Inc. | Add +2.2% | 0.29% | +0.02 |
| AEE Ameren Corporation | Add +2.0% | 0.28% | +0.02 |
| CSX CSX Corp. | Add +1.3% | 0.22% | +0.01 |
| GIBSON ENERGY INC COM | Add +2.3% | 0.27% | +0.01 |
| DVY iShares Select Dividend ETF | Add +0.5% | 0.26% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.01% | +0.01 |
| AEP American Electric Power | Add +4.3% | 0.08% | +0.01 |
| LNT Alliant Energy Corp. | Add +4.3% | 0.05% | +0.01 |
| D Dominion Energy Inc. | Add +4.3% | 0.07% | +0.01 |
| WEC WEC Energy Group Inc. | Add +4.3% | 0.06% | +0.01 |
| AES AES Corp. | Add +3.7% | 0.02% | +0.00 |
| EVRG Evergy Inc. | Add +4.4% | 0.05% | +0.00 |
| DTE DTE Energy Company | Add +4.5% | 0.06% | +0.00 |
| OGE Oge Energy Corp. | Add +0.1% | 1.00% | +0.00 |
| DUK Duke Energy Corp. | Add +4.4% | 0.07% | +0.00 |
| OGS One Gas Inc. | Add +4.2% | 0.03% | +0.00 |
| SO The Southern Co. | Add +4.4% | 0.09% | +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 |