Miller Howard Investments Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), Miller Howard Investments Inc. reported 140 stock positions worth $3.3 billion. Its top holding was MPLX (MPLX) at 3.7% of the portfolio, followed by Johnson & Johnson (JNJ, 3.2%) and Enterprise Products Partners (EPD, 3.0%). Compared with Q3 2025, it opened 11 new positions, sold out of 6, added to 63 and reduced 63. The biggest buy was iShares Select Dividend ETF (DVY, shares +746%) and the biggest sale JPMorgan Chase (JPM, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- KINGSTON, NY
- CIK
- 0000903947
- Portfolio Value
- $3.3B (Q4 2025)
- SEC Filing
- 0000903947-26-000001 ↗ filed Jan 27, 2026
Holdings Value
Holdings 140 stocks · $3.3B
| MPLX MPLX LP | 3.73% | 2,315,921 | $123.6M | Add +2.5% |
| JNJ Johnson & Johnson | 3.20% | 512,294 | $106.0M | Reduce -1.3% |
| EPD Enterprise Products Partners | 3.01% | 3,112,119 | $99.8M | Add +1.0% |
| CSCO Cisco Systems Inc. | 2.87% | 1,234,292 | $95.1M | Reduce -1.3% |
| ABBV Abbvie Inc. | 2.77% | 401,292 | $91.7M | Reduce -1.3% |
| ORI Old Republic Intl Corp. | 2.75% | 1,996,225 | $91.1M | Reduce -1.3% |
| ET Energy Transfer LP | 2.60% | 5,229,111 | $86.2M | Reduce -2.3% |
| GSK GSK PLC-Spon ADR | 2.43% | 1,642,114 | $80.5M | Reduce -1.2% |
| GILD Gilead Sciences Inc. | 2.43% | 654,778 | $80.4M | Reduce -1.3% |
| STT State Street Corp. | 2.33% | 599,630 | $77.4M | Reduce -1.2% |
| DVY iShares Select Dividend ETF | 2.15% | 505,689 | $71.4M | Add +745.9% |
| MDT Medtronic PLC | 2.10% | 723,893 | $69.5M | Reduce -1.4% |
| EWBC East West Bancorp Inc. | 2.10% | 618,551 | $69.5M | Reduce -1.2% |
| C Citigroup Inc. | 2.07% | 587,187 | $68.5M | Reduce -1.3% |
| EXC Exelon Corp. | 1.90% | 1,443,215 | $62.9M | Reduce -0.4% |
| TRP TC Energy Corp. | 1.89% | 1,135,832 | $62.5M | Add +0.2% |
| WES Western Midstream Partners L | 1.78% | 1,491,432 | $58.9M | Add +0.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.74% | 1,048,024 | $57.6M | Reduce -1.3% |
| ETR Entergy Corp. | 1.73% | 618,714 | $57.2M | Add +1.1% |
| WMB Williams Cos Inc. | 1.72% | 950,538 | $57.1M | Add +3.3% |
| COP Conocophillips | 1.60% | 567,548 | $53.1M | Reduce -7.2% |
| ENB Enbridge Inc. | 1.59% | 1,099,664 | $52.6M | Add +1.3% |
| PAA Plains All Amer Pipeline LP | 1.55% | 2,854,516 | $51.3M | Reduce -0.8% |
| HESM Hess Midstream LP Class A | 1.51% | 1,446,315 | $49.9M | Reduce -4.0% |
| KMI Kinder Morgan Inc. | 1.47% | 1,765,707 | $48.5M | Add +2.9% |
| GS Goldman Sachs Group Inc. | 1.45% | 54,810 | $48.2M | Reduce -0.4% |
| CNQ Canadian Natural Resources | 1.41% | 1,384,034 | $46.8M | Reduce -3.4% |
| OMC Omnicom Group | 1.40% | 575,156 | $46.4M | Add +9971.0% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.35% | 386,133 | $44.8M | Reduce -36.1% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 1.34% | 1,577,879 | $44.4M | Reduce -22.0% |
| RF Regions Financial Corp. | 1.30% | 1,584,109 | $42.9M | New |
| MTB M & T Bank Corp. filed as M & T BK CORP | 1.29% | 212,511 | $42.8M | New |
| PAYX Paychex Inc. | 1.28% | 379,071 | $42.5M | Reduce -30.3% |
| USB US Bancorp | 1.28% | 792,964 | $42.3M | Reduce -2.9% |
| HST Host Hotels & Resorts Inc. | 1.24% | 2,314,224 | $41.0M | Reduce -6.5% |
| CMS CMS Energy Corp. | 1.22% | 577,414 | $40.4M | Add +0.7% |
| LAMR Lamar Advertising Co. Class A | 1.20% | 315,193 | $39.9M | Reduce -1.3% |
| ELS Equity Lifestyle Properties | 1.19% | 648,571 | $39.3M | Reduce -1.5% |
| NTR Nutrien Ltd. | 1.14% | 610,343 | $37.7M | Reduce -1.4% |
| PSX Phillips 66 | 1.13% | 290,810 | $37.5M | Add +2.9% |
| SUN Sunoco LP | 1.09% | 689,269 | $36.1M | Reduce -0.8% |
| EMN Eastman Chemical Co. | 1.07% | 555,291 | $35.4M | Add +94.2% |
| AM Antero Midstream Corp. | 1.06% | 1,978,405 | $35.2M | Add +2.5% |
| VZ Verizon Communications Inc. | 0.98% | 800,496 | $32.6M | Reduce -42.7% |
| LNG Cheniere Energy Inc. | 0.94% | 160,277 | $31.2M | Reduce -13.6% |
| TRGP Targa Resources Corp. | 0.94% | 167,940 | $31.0M | Add +2.7% |
| GEL Genesis Energy L.P. | 0.93% | 1,977,044 | $30.8M | Reduce -3.6% |
| TXN Texas Instruments Inc. | 0.93% | 177,743 | $30.8M | Reduce -2.0% |
| OGE Oge Energy Corp. | 0.91% | 702,739 | $30.0M | Reduce -0.8% |
| CMCSA Comcast Corp. Class A | 0.82% | 909,243 | $27.2M | Reduce -30.4% |
| DTM DT Midstream Inc. | 0.79% | 218,539 | $26.2M | Add +3.9% |
| KO The Coca-Cola Co. | 0.69% | 328,551 | $23.0M | Reduce -28.5% |
| SOBO South Bow Corp. | 0.66% | 798,348 | $21.9M | Add +4.6% |
| STAG Stag Industrial Inc. | 0.66% | 594,090 | $21.8M | Reduce -1.6% |
| PAGP Plains GP Holdings LP | 0.65% | 1,130,121 | $21.6M | Add +2.7% |
| OKE Oneok Inc. | 0.63% | 283,212 | $20.8M | Add +12.1% |
| GAP The Gap Inc. | 0.62% | 803,166 | $20.6M | New |
| PBA Pembina Pipeline Corp. | 0.60% | 522,146 | $19.9M | Add +2.4% |
| KEYERA CORP COM | 0.52% | 540,069 | $17.3M | Reduce -1.8% |
| HRL Hormel Foods Corp. | 0.51% | 709,640 | $16.8M | Reduce -11.4% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.49% | 370,841 | $16.2M | Reduce -33.8% |
| CEG Constellation Energy | 0.44% | 41,570 | $14.7M | Add +7.3% |
| SRE Sempra | 0.43% | 159,597 | $14.1M | Add +34.0% |
| CNP Centerpoint Energy Inc. | 0.37% | 318,415 | $12.2M | Add +7.0% |
| PPL PPL Corp. | 0.36% | 344,670 | $12.1M | Add +5.8% |
| NEE Nextera Energy Inc. | 0.34% | 141,569 | $11.4M | Add +11.2% |
| NI Nisource Inc. | 0.33% | 261,635 | $10.9M | Add +7.4% |
| ATO Atmos Energy Corp. | 0.30% | 58,819 | $9.9M | Add +7.7% |
| AEE Ameren Corporation | 0.28% | 92,529 | $9.2M | Add +7.0% |
| WM Waste Management Inc. | 0.28% | 42,035 | $9.2M | Add +7.5% |
| AMT American Tower Corp. | 0.27% | 50,094 | $8.8M | Reduce -6.1% |
| TMUS T-Mobile US Inc. | 0.26% | 42,299 | $8.6M | Add +3.3% |
| XEL Xcel Energy Inc. | 0.25% | 110,252 | $8.1M | Add +24.7% |
| CSX CSX Corp. | 0.24% | 223,507 | $8.1M | Add +7.8% |
| GIBSON ENERGY INC COM | 0.24% | 438,136 | $8.0M | Reduce -7.3% |
| NGG National Grid PLC-SP ADR | 0.23% | 97,592 | $7.5M | Add +7.3% |
| MPC Marathon Petroleum Corp. | 0.22% | 44,139 | $7.2M | Add +1.8% |
| ENFR Alerian Energy Infrastructur | 0.21% | 217,385 | $6.8M | Reduce -0.3% |
| UNP Union Pacific Corp. | 0.20% | 28,193 | $6.5M | Add +11.0% |
| T AT&T Inc. | 0.19% | 259,130 | $6.4M | Add +3.7% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.17% | 131,131 | $5.6M | Add +203.3% |
| CQP Cheniere Energy Partners LP | 0.17% | 103,786 | $5.6M | Reduce -0.7% |
| AWK American Water Works Co. Inc. | 0.16% | 41,814 | $5.5M | Add +5.0% |
| AR Antero Resources Corp. | 0.16% | 149,397 | $5.1M | Reduce -4.5% |
| WCN Waste Connections Inc. | 0.14% | 26,950 | $4.7M | Reduce -6.1% |
| GPOR Gulfport Energy Corp. | 0.13% | 20,989 | $4.4M | Reduce -4.2% |
| RPGSF Rockpoint Gas Storag Class A | 0.13% | 210,930 | $4.3M | New |
| VST Vistra Corp. | 0.13% | 25,729 | $4.2M | Add +7.0% |
| SU Suncor Energy Inc. | 0.12% | 91,718 | $4.1M | Reduce -4.5% |
| VLO Valero Energy Corp. | 0.12% | 24,766 | $4.0M | Add +199.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.11% | 5,508 | $3.8M | Add +1364.9% |
| EQIX Equinix Inc. | 0.11% | 4,722 | $3.6M | Reduce -0.7% |
| KNTK Kinetik Holdings Inc. | 0.09% | 86,375 | $3.1M | Add +3.8% |
| AEP American Electric Power | 0.09% | 26,384 | $3.0M | Add +7.9% |
| OXY Occidental Petroleum Corp. | 0.09% | 73,671 | $3.0M | Add +4.8% |
| SO The Southern Co. | 0.09% | 34,154 | $3.0M | Add +7.9% |
| XOM Exxon Mobil Corp. | 0.08% | 23,221 | $2.8M | Reduce -4.4% |
| CHRD Chord Energy Corp. | 0.08% | 27,353 | $2.5M | Add +134.8% |
| WTTR Select Water Solutions Inc. | 0.08% | 240,603 | $2.5M | Reduce -8.2% |
| CCI Crown Castle Inc. | 0.07% | 27,538 | $2.4M | Add +3.1% |
Portfolio Sells Q3 2025 → Q4 2025
| JPM JPMorgan Chase & Co. | Reduce -95.5% | 0.07% | −1.48 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −1.47 |
| JEF Jefferies Financial Group Inc. | Reduce -94.5% | 0.05% | −0.99 |
| VZ Verizon Communications Inc. | Reduce -42.7% | 0.98% | −0.89 |
| PAYX Paychex Inc. | Reduce -30.3% | 1.28% | −0.82 |
| VICI Vici Properties Inc. | Reduce -22.0% | 1.34% | −0.67 |
| BNY Bank of New York Mellon Corp. | Reduce -36.1% | 1.35% | −0.65 |
| CMCSA Comcast Corp. Class A | Reduce -30.4% | 0.82% | −0.43 |
| LNG Cheniere Energy Inc. | Reduce -13.6% | 0.94% | −0.39 |
| HRB H&R Block Inc. | Reduce -33.8% | 0.49% | −0.38 |
| KO The Coca-Cola Co. | Reduce -28.5% | 0.69% | −0.24 |
| ET Energy Transfer LP | Reduce -2.3% | 2.60% | −0.20 |
| PEG Public Service Enterprise GP | Reduce -70.4% | 0.07% | −0.17 |
| COP Conocophillips | Reduce -7.2% | 1.60% | −0.16 |
| GEL Genesis Energy L.P. | Reduce -3.6% | 0.93% | −0.11 |
| ABBV Abbvie Inc. | Reduce -1.3% | 2.77% | −0.10 |
| EQT Eqt Corp. | Sold out | 0.00% | −0.10 |
| HRL Hormel Foods Corp. | Reduce -11.4% | 0.51% | −0.10 |
| OGE Oge Energy Corp. | Reduce -0.8% | 0.91% | −0.09 |
| EXC Exelon Corp. | Reduce -0.4% | 1.90% | −0.09 |
| TXN Texas Instruments Inc. | Reduce -2.0% | 0.93% | −0.09 |
| HESM Hess Midstream LP Class A | Reduce -4.0% | 1.51% | −0.08 |
| RRC Range Resources Corp. | Reduce -63.9% | 0.03% | −0.06 |
| CVX Chevron Corp. | Reduce -50.5% | 0.05% | −0.05 |
| CVE Cenovus Energy Inc. | Sold out | 0.00% | −0.05 |
| AMT American Tower Corp. | Reduce -6.1% | 0.27% | −0.05 |
| HST Host Hotels & Resorts Inc. | Reduce -6.5% | 1.24% | −0.05 |
| KEYERA CORP COM | Reduce -1.8% | 0.52% | −0.04 |
| MDT Medtronic PLC | Reduce -1.4% | 2.10% | −0.03 |
| ELS Equity Lifestyle Properties | Reduce -1.5% | 1.19% | −0.03 |
| SM SM Energy Co. | Sold out | 0.00% | −0.03 |
| GIBSON ENERGY INC COM | Reduce -7.3% | 0.24% | −0.03 |
| SON Sonoco Products Co. | Sold out | 0.00% | −0.01 |
| NOMD Nomad Foods Ltd. | Sold out | 0.00% | −0.01 |
| WCN Waste Connections Inc. | Reduce -6.1% | 0.14% | −0.01 |
| ENFR Alerian Energy Infrastructur | Reduce -0.3% | 0.21% | −0.01 |
| WTTR Select Water Solutions Inc. | Reduce -8.2% | 0.08% | −0.01 |
| BKR Baker Hughes Co. | Reduce -4.5% | 0.05% | −0.01 |
| TTE Totalenergies SE | Reduce -33.0% | 0.02% | −0.01 |
| AR Antero Resources Corp. | Reduce -4.5% | 0.16% | −0.00 |
| EQIX Equinix Inc. | Reduce -0.7% | 0.11% | −0.00 |
| CQP Cheniere Energy Partners LP | Reduce -0.7% | 0.17% | −0.00 |
| OVV Ovintiv Inc. | Reduce -9.7% | 0.02% | −0.00 |
| RDN Radian Group Inc. | Reduce -16.0% | 0.01% | −0.00 |
| AVGO Broadcom Inc. | Reduce -2.9% | 0.04% | +0.00 |
| CTRA Coterra Energy Inc. | Reduce -8.2% | 0.03% | +0.00 |
| SU Suncor Energy Inc. | Reduce -4.5% | 0.12% | +0.00 |
| XOM Exxon Mobil Corp. | Reduce -4.4% | 0.08% | +0.00 |
| HAL Halliburton Co. | Reduce -8.4% | 0.03% | +0.00 |
| RY Royal Bank of Canada | Reduce -2.6% | 0.02% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| DVY iShares Select Dividend ETF | Add +745.9% | 2.15% | +1.90 |
| OMC Omnicom Group | Add +9971.0% | 1.40% | +1.39 |
| RF Regions Financial Corp. | New | 1.30% | +1.30 |
| MTB M & T Bank Corp. | New | 1.29% | +1.29 |
| GAP The Gap Inc. | New | 0.62% | +0.62 |
| EMN Eastman Chemical Co. | Add +94.2% | 1.07% | +0.52 |
| MPLX MPLX LP | Add +2.5% | 3.73% | +0.29 |
| RPGSF Rockpoint Gas Storag Class A | New | 0.13% | +0.13 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +203.3% | 0.17% | +0.11 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1364.9% | 0.11% | +0.11 |
| TRGP Targa Resources Corp. | Add +2.7% | 0.94% | +0.10 |
| SRE Sempra | Add +34.0% | 0.43% | +0.10 |
| VLO Valero Energy Corp. | Add +199.8% | 0.12% | +0.08 |
| EPD Enterprise Products Partners | Add +1.0% | 3.01% | +0.07 |
| OKE Oneok Inc. | Add +12.1% | 0.63% | +0.07 |
| DTM DT Midstream Inc. | Add +3.9% | 0.79% | +0.06 |
| AMLP Alerian MLP ETF | New | 0.06% | +0.06 |
| XLE SS Energy Select Sector | New | 0.06% | +0.06 |
| CEG Constellation Energy | Add +7.3% | 0.44% | +0.05 |
| NEE Nextera Energy Inc. | Add +11.2% | 0.34% | +0.05 |
| CHRD Chord Energy Corp. | Add +134.8% | 0.08% | +0.04 |
| PAGP Plains GP Holdings LP | Add +2.7% | 0.65% | +0.04 |
| IWD iShares Russell 1000 Value E | New | 0.04% | +0.04 |
| XEL Xcel Energy Inc. | Add +24.7% | 0.25% | +0.03 |
| NGG National Grid PLC-SP ADR | Add +7.3% | 0.23% | +0.03 |
| UPS United Parcel Service Class B | Add +19.3% | 0.07% | +0.02 |
| CSX CSX Corp. | Add +7.8% | 0.24% | +0.02 |
| CNP Centerpoint Energy Inc. | Add +7.0% | 0.37% | +0.02 |
| VXUS Vanguard Total Intl Stock | New | 0.02% | +0.02 |
| WM Waste Management Inc. | Add +7.5% | 0.28% | +0.02 |
| IGF iShares Global Infrastructur | New | 0.01% | +0.01 |
| UNP Union Pacific Corp. | Add +11.0% | 0.20% | +0.01 |
| ATO Atmos Energy Corp. | Add +7.7% | 0.30% | +0.01 |
| NI Nisource Inc. | Add +7.4% | 0.33% | +0.01 |
| AEP American Electric Power | Add +7.9% | 0.09% | +0.01 |
| HDV iShares Core High Dividend E | New | 0.01% | +0.01 |
| CPT Camden Property Trust | New | 0.01% | +0.01 |
| MDU Mdu Resources Group Inc. | Add +8.5% | 0.04% | +0.01 |
| BKH Black Hills Corp. | Add +8.6% | 0.03% | +0.01 |
| TRP TC Energy Corp. | Add +0.2% | 1.89% | +0.01 |
| WES Western Midstream Partners L | Add +0.7% | 1.78% | +0.00 |
| AES AES Corp. | Add +7.8% | 0.03% | +0.00 |
| PCG P G & E Corp. | Add +4.4% | 0.04% | +0.00 |
| SOBO South Bow Corp. | Add +4.6% | 0.66% | +0.00 |
| AEE Ameren Corporation | Add +7.0% | 0.28% | +0.00 |
| FTS Fortis Inc. | Add +8.4% | 0.04% | +0.00 |
| NRG NRG Energy Inc. | Add +8.7% | 0.04% | +0.00 |
| LNT Alliant Energy Corp. | Add +7.8% | 0.05% | +0.00 |
| D Dominion Energy Inc. | Add +7.8% | 0.07% | +0.00 |
| EVRG Evergy Inc. | Add +8.0% | 0.05% | +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 |