Miller Howard Investments Inc.

Q2 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 20, 2026), Miller Howard Investments Inc. reported 138 stock positions worth $3.7 billion. Its top holding was MPLX (MPLX) at 3.5% of the portfolio, followed by Enterprise Products Partners (EPD, 3.3%) and Energy Transfer (ET, 2.8%). Compared with Q4 2025, it opened 12 new positions, sold out of 14, added to 85 and reduced 40. The biggest buy was Cme (CME, shares +5269%) and the biggest sale Cisco Systems (CSCO, shares −53%).

Most Recent 13F: Q2 2026
Location: KINGSTON, NY
CIK: 0000903947
Portfolio Value: $3.7B (Q1 2026)
SEC Filing: 0000903947-26-000002 ↗ filed Apr 20, 2026

Holdings Value

Holdings 138 stocks · $3.7B


MPLX MPLX LP	3.49%	2,239,694	$127.8M	Reduce -3.3%
EPD Enterprise Products Partners	3.27%	3,160,206	$119.6M	Add +1.6%
ET Energy Transfer LP	2.75%	5,216,847	$100.7M	Reduce -0.2%
JNJ Johnson & Johnson	2.70%	404,296	$98.8M	Reduce -21.1%
GSK GSK PLC-Spon ADR	2.46%	1,629,351	$89.9M	Reduce -0.8%
ABBV Abbvie Inc.	2.37%	397,998	$86.6M	Reduce -0.8%
EXC Exelon Corp.	2.26%	1,685,069	$82.6M	Add +16.8%
TRP TC Energy Corp.	2.22%	1,294,518	$81.0M	Add +14.0%
COP Conocophillips	2.20%	609,900	$80.5M	Add +7.5%
STT State Street Corp.	2.06%	595,610	$75.4M	Reduce -0.7%
CNQ Canadian Natural Resources	1.92%	1,440,125	$70.2M	Add +4.0%
ETR Entergy Corp.	1.90%	619,237	$69.6M	Add +0.1%
ORI Old Republic Intl Corp.	1.81%	1,658,950	$66.2M	Reduce -16.9%
EWBC East West Bancorp Inc.	1.79%	612,464	$65.4M	Reduce -1.0%
WES Western Midstream Partners L	1.78%	1,584,975	$65.3M	Add +6.3%
ENB Enbridge Inc.	1.73%	1,170,678	$63.4M	Add +6.5%
WMB Williams Cos Inc.	1.73%	870,105	$63.3M	Reduce -8.5%
PAA Plains All Amer Pipeline LP	1.71%	2,801,601	$62.6M	Reduce -1.9%
MDT Medtronic PLC	1.69%	714,803	$61.9M	Reduce -1.3%
KMI Kinder Morgan Inc.	1.67%	1,822,905	$61.1M	Add +3.2%
LAMR Lamar Advertising Co. Class A	1.62%	468,026	$59.3M	Add +48.5%
HESM Hess Midstream LP Class A	1.59%	1,491,899	$58.0M	Add +3.1%
TRGP Targa Resources Corp.	1.58%	230,592	$57.8M	Add +37.3%
CME Cme Group Inc.	1.58%	195,433	$57.7M	Add +5269.0%
VZ Verizon Communications Inc.	1.51%	1,097,506	$55.1M	Add +37.1%
GILD Gilead Sciences Inc.	1.50%	393,238	$54.8M	Reduce -39.9%
PSX Phillips 66	1.47%	294,220	$53.6M	Add +1.2%
C Citigroup Inc.	1.46%	469,968	$53.3M	Reduce -20.0%
SUN Sunoco LP	1.45%	816,233	$53.0M	Add +18.4%
SNA Snap-on Inc.	1.40%	141,082	$51.2M	New
BAC Bank of America Corp. filed as BANK AMERICA CORP	1.38%	1,036,866	$50.5M	Reduce -1.1%
ELS Equity Lifestyle Properties	1.36%	799,961	$49.9M	Add +23.3%
LNG Cheniere Energy Inc.	1.28%	164,910	$46.8M	Add +2.9%
HST Host Hotels & Resorts Inc.	1.27%	2,417,960	$46.3M	Add +4.5%
NTR Nutrien Ltd.	1.26%	610,106	$46.0M	Reduce -0.0%
EMN Eastman Chemical Co.	1.25%	600,368	$45.8M	Add +8.1%
GS Goldman Sachs Group Inc.	1.25%	53,857	$45.6M	Reduce -1.7%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	1.23%	379,921	$45.1M	Reduce -1.6%
CSCO Cisco Systems Inc.	1.22%	574,087	$44.5M	Reduce -53.5%
MTB M & T Bank Corp. filed as M & T BK CORP	1.20%	213,021	$44.0M	Add +0.2%
OMC Omnicom Group	1.20%	581,969	$43.8M	Add +1.2%
CMS CMS Energy Corp.	1.19%	563,102	$43.7M	Reduce -2.5%
RF Regions Financial Corp.	1.13%	1,589,537	$41.5M	Add +0.3%
USB US Bancorp	1.13%	796,319	$41.4M	Add +0.4%
GAP The Gap Inc.	1.13%	1,704,021	$41.2M	Add +112.2%
PAYX Paychex Inc.	1.08%	430,548	$39.7M	Add +13.6%
CMCSA Comcast Corp. Class A	1.00%	1,278,695	$36.7M	Add +40.6%
GEL Genesis Energy L.P.	0.96%	1,977,609	$35.3M	Add +0.0%
PAGP Plains GP Holdings LP	0.94%	1,421,518	$34.5M	Add +25.8%
TXN Texas Instruments Inc.	0.94%	176,346	$34.2M	Reduce -0.8%
OGE Oge Energy Corp.	0.92%	705,127	$33.8M	Add +0.3%
OKE Oneok Inc.	0.89%	358,317	$32.4M	Add +26.5%
HRL Hormel Foods Corp.	0.88%	1,423,720	$32.2M	Add +100.6%
DTM DT Midstream Inc.	0.88%	238,616	$32.1M	Add +9.2%
DVY iShares Select Dividend ETF	0.76%	184,182	$27.9M	Reduce -63.6%
AM Antero Midstream Corp.	0.71%	1,138,874	$26.0M	Reduce -42.4%
PBA Pembina Pipeline Corp.	0.69%	567,713	$25.4M	Add +8.7%
KO The Coca-Cola Co.	0.67%	323,276	$24.6M	Reduce -1.6%
KEYERA CORP COM	0.62%	589,871	$22.7M	Add +9.2%
STAG Stag Industrial Inc.	0.58%	586,985	$21.2M	Reduce -1.2%
SOBO South Bow Corp.	0.48%	527,789	$17.6M	Reduce -33.9%
SRE Sempra	0.46%	172,212	$16.7M	Add +7.9%
NEE Nextera Energy Inc.	0.40%	159,030	$14.8M	Add +12.3%
CNP Centerpoint Energy Inc.	0.40%	342,077	$14.8M	Add +7.4%
CEG Constellation Energy	0.34%	44,571	$12.4M	Add +7.2%
MPC Marathon Petroleum Corp.	0.31%	47,097	$11.5M	Add +6.7%
XEL Xcel Energy Inc.	0.31%	141,639	$11.3M	Add +28.5%
AEE Ameren Corporation	0.30%	99,697	$11.0M	Add +7.8%
PPL PPL Corp.	0.30%	282,632	$10.8M	Reduce -18.0%
AMT American Tower Corp.	0.29%	61,337	$10.6M	Add +22.4%
WM Waste Management Inc.	0.29%	45,419	$10.4M	Add +8.1%
NGG National Grid PLC-SP ADR	0.28%	120,490	$10.2M	Add +23.5%
GIBSON ENERGY INC COM	0.28%	478,540	$10.2M	Add +9.2%
TMUS T-Mobile US Inc.	0.27%	46,707	$9.8M	Add +10.4%
CSX CSX Corp.	0.27%	238,817	$9.8M	Add +6.8%
ATO Atmos Energy Corp.	0.26%	51,795	$9.6M	Reduce -11.9%
NI Nisource Inc.	0.25%	193,840	$9.0M	Reduce -25.9%
EQIX Equinix Inc.	0.23%	8,614	$8.4M	Add +82.4%
T AT&T Inc.	0.23%	284,422	$8.2M	Add +9.8%
AWK American Water Works Co. Inc.	0.22%	58,467	$8.0M	Add +39.8%
UNP Union Pacific Corp.	0.20%	30,101	$7.3M	Add +6.8%
KNTK Kinetik Holdings Inc.	0.19%	146,317	$7.1M	Add +69.4%
AR Antero Resources Corp.	0.18%	155,374	$6.6M	Add +4.0%
VLO Valero Energy Corp.	0.18%	26,518	$6.6M	Add +7.1%
CQP Cheniere Energy Partners LP	0.18%	101,266	$6.5M	Reduce -2.4%
FDX FedEx Corp.	0.18%	18,017	$6.4M	New
SU Suncor Energy Inc.	0.17%	95,128	$6.3M	Add +3.7%
OXY Occidental Petroleum Corp.	0.16%	88,821	$5.8M	Add +20.6%
SUNC Sunococorp LLC	0.15%	88,613	$5.5M	New
WCN Waste Connections Inc.	0.14%	32,583	$5.3M	Add +20.9%
APA Apa Corp.	0.14%	117,701	$5.0M	New
AEP American Electric Power	0.13%	35,348	$4.6M	Add +34.0%
RPGSF Rockpoint Gas Storag Class A	0.13%	230,392	$4.6M	Add +9.2%
GPOR Gulfport Energy Corp.	0.13%	21,782	$4.6M	Add +3.8%
FER Ferrovial NV	0.12%	69,721	$4.5M	New
CHRD Chord Energy Corp.	0.12%	30,492	$4.3M	Add +11.5%
VST Vistra Corp.	0.11%	27,900	$4.2M	Add +8.4%
WTTR Select Water Solutions Inc.	0.11%	261,376	$4.0M	Add +8.6%
SO The Southern Co.	0.10%	36,976	$3.6M	Add +8.3%
DUK Duke Energy Corp.	0.08%	21,445	$2.8M	Add +8.3%
UPS United Parcel Service Class B	0.07%	26,624	$2.6M	Add +8.4%
DTE DTE Energy Company	0.07%	16,616	$2.4M	Add +8.3%
BKR Baker Hughes Co.	0.07%	39,056	$2.4M	Add +3.8%
PEG Public Service Enterprise GP	0.07%	29,454	$2.4M	Add +7.6%
OVV Ovintiv Inc.	0.06%	39,227	$2.3M	Add +107.4%
CVX Chevron Corp.	0.06%	11,009	$2.3M	Add +3.9%
D Dominion Energy Inc.	0.06%	36,815	$2.3M	Reduce -9.1%
WEC WEC Energy Group Inc.	0.06%	18,679	$2.2M	Add +8.3%
LNT Alliant Energy Corp.	0.06%	30,089	$2.2M	Add +8.2%
LBRT Liberty Energy Inc.	0.06%	73,902	$2.1M	Reduce -23.2%
EVRG Evergy Inc.	0.05%	22,770	$1.9M	Add +8.4%
XOM Exxon Mobil Corp.	0.05%	10,935	$1.9M	Reduce -52.9%
HAL Halliburton Co.	0.05%	42,426	$1.7M	Add +8.3%
PCG P G & E Corp.	0.04%	91,296	$1.6M	Add +11.9%
MDU Mdu Resources Group Inc.	0.04%	72,373	$1.5M	Add +7.6%
CTRA Coterra Energy Inc.	0.04%	40,917	$1.4M	Add +7.8%
FTS Fortis Inc.	0.04%	24,613	$1.4M	Add +7.6%
JPM JPMorgan Chase & Co.	0.03%	4,310	$1.3M	Reduce -40.3%
OGS One Gas Inc.	0.03%	14,379	$1.2M	Add +8.3%
RRC Range Resources Corp.	0.03%	27,132	$1.2M	Add +3.8%
NRG NRG Energy Inc.	0.03%	8,359	$1.2M	Add +8.8%
BKH Black Hills Corp.	0.03%	16,516	$1.1M	Add +7.5%
AVGO Broadcom Inc.	0.03%	3,211	$994K	Reduce -12.8%
ES Eversource Energy	0.03%	14,274	$989K	Add +8.4%
CAH Cardinal Health Inc.	0.02%	3,926	$830K	Reduce -0.1%
XLU St Sr Utl SL SE SPDR ETF-Usd	0.02%	17,999	$826K	Reduce -86.3%
JEF Jefferies Financial Group Inc.	0.01%	11,843	$489K	Reduce -58.6%
TTE Totalenergies SE	0.01%	5,215	$474K	Reduce -43.4%
RY Royal Bank of Canada	0.01%	2,734	$442K	Reduce -29.3%
BE Bloom Energy Corp. Class A	0.01%	2,098	$284K	New
IWD iShares Russell 1000 Value E	0.01%	1,147	$245K	Reduce -81.2%
NTAP Netapp Inc.	0.01%	2,142	$219K	No change
ARRY Array Technologies Inc.	0.00%	10,598	$77K	New
TE T1 Energy Inc.	0.00%	16,483	$72K	New
BLDP Ballard Power Systems Inc.	0.00%	29,025	$70K	New
SHLS Shoals Technologies Group -A	0.00%	10,570	$70K	New
PLUG Plug Power Inc. filed as PLUG PWR INC	0.00%	26,637	$60K	New
NRGV Energy Vault Holdings Inc.	0.00%	15,409	$51K	New

Portfolio Sells Q4 2025 → Q1 2026


CSCO Cisco Systems Inc.	Reduce -53.5%	1.22%	−1.65
DVY iShares Select Dividend ETF	Reduce -63.6%	0.76%	−1.39
VICI Vici Properties Inc.	Sold out	0.00%	−1.34
ORI Old Republic Intl Corp.	Reduce -16.9%	1.81%	−0.94
GILD Gilead Sciences Inc.	Reduce -39.9%	1.50%	−0.93
C Citigroup Inc.	Reduce -20.0%	1.46%	−0.61
JNJ Johnson & Johnson	Reduce -21.1%	2.70%	−0.50
HRB H&R Block Inc.	Sold out	0.00%	−0.49
MDT Medtronic PLC	Reduce -1.3%	1.69%	−0.41
ABBV Abbvie Inc.	Reduce -0.8%	2.37%	−0.40
BAC Bank of America Corp.	Reduce -1.1%	1.38%	−0.36
AM Antero Midstream Corp.	Reduce -42.4%	0.71%	−0.35
EWBC East West Bancorp Inc.	Reduce -1.0%	1.79%	−0.31
STT State Street Corp.	Reduce -0.7%	2.06%	−0.27
MPLX MPLX LP	Reduce -3.3%	3.49%	−0.24
GS Goldman Sachs Group Inc.	Reduce -1.7%	1.25%	−0.21
ENFR Alerian Energy Infrastructur	Sold out	0.00%	−0.21
SOBO South Bow Corp.	Reduce -33.9%	0.48%	−0.18
XLU St Sr Utl SL SE SPDR ETF-Usd	Reduce -86.3%	0.02%	−0.15
BNY Bank of New York Mellon Corp.	Reduce -1.6%	1.23%	−0.12
SPY SS SPDR S&P 500 ETF Trust-US	Sold out	0.00%	−0.11
NI Nisource Inc.	Reduce -25.9%	0.25%	−0.08
STAG Stag Industrial Inc.	Reduce -1.2%	0.58%	−0.08
CCI Crown Castle Inc.	Sold out	0.00%	−0.07
PPL PPL Corp.	Reduce -18.0%	0.30%	−0.07
AMLP Alerian MLP ETF	Sold out	0.00%	−0.06
XLE SS Energy Select Sector	Sold out	0.00%	−0.06
JEF Jefferies Financial Group Inc.	Reduce -58.6%	0.01%	−0.04
ATO Atmos Energy Corp.	Reduce -11.9%	0.26%	−0.04
JPM JPMorgan Chase & Co.	Reduce -40.3%	0.03%	−0.04
XOM Exxon Mobil Corp.	Reduce -52.9%	0.05%	−0.03
IWD iShares Russell 1000 Value E	Reduce -81.2%	0.01%	−0.03
AES AES Corp.	Sold out	0.00%	−0.03
CMS CMS Energy Corp.	Reduce -2.5%	1.19%	−0.02
KO The Coca-Cola Co.	Reduce -1.6%	0.67%	−0.02
VXUS Vanguard Total Intl Stock	Sold out	0.00%	−0.02
IGF iShares Global Infrastructur	Sold out	0.00%	−0.01
RDN Radian Group Inc.	Sold out	0.00%	−0.01
AVGO Broadcom Inc.	Reduce -12.8%	0.03%	−0.01
D Dominion Energy Inc.	Reduce -9.1%	0.06%	−0.01
TSM Taiwan Semiconductor-SP ADR	Sold out	0.00%	−0.01
RY Royal Bank of Canada	Reduce -29.3%	0.01%	−0.01
HDV iShares Core High Dividend E	Sold out	0.00%	−0.01
CPT Camden Property Trust	Sold out	0.00%	−0.01
TTE Totalenergies SE	Reduce -43.4%	0.01%	−0.01
CAH Cardinal Health Inc.	Reduce -0.1%	0.02%	−0.00
LBRT Liberty Energy Inc.	Reduce -23.2%	0.06%	+0.00
TXN Texas Instruments Inc.	Reduce -0.8%	0.94%	+0.01
WMB Williams Cos Inc.	Reduce -8.5%	1.73%	+0.01
CQP Cheniere Energy Partners LP	Reduce -2.4%	0.18%	+0.01

Portfolio Buys Q4 2025 → Q1 2026


CME Cme Group Inc.	Add +5269.0%	1.58%	+1.55
SNA Snap-on Inc.	New	1.40%	+1.40
TRGP Targa Resources Corp.	Add +37.3%	1.58%	+0.65
COP Conocophillips	Add +7.5%	2.20%	+0.60
VZ Verizon Communications Inc.	Add +37.1%	1.51%	+0.52
GAP The Gap Inc.	Add +112.2%	1.13%	+0.51
CNQ Canadian Natural Resources	Add +4.0%	1.92%	+0.50
LAMR Lamar Advertising Co. Class A	Add +48.5%	1.62%	+0.42
HRL Hormel Foods Corp.	Add +100.6%	0.88%	+0.37
SUN Sunoco LP	Add +18.4%	1.45%	+0.36
EXC Exelon Corp.	Add +16.8%	2.26%	+0.36
LNG Cheniere Energy Inc.	Add +2.9%	1.28%	+0.34
PSX Phillips 66	Add +1.2%	1.47%	+0.33
TRP TC Energy Corp.	Add +14.0%	2.22%	+0.33
PAGP Plains GP Holdings LP	Add +25.8%	0.94%	+0.29
EPD Enterprise Products Partners	Add +1.6%	3.27%	+0.26
OKE Oneok Inc.	Add +26.5%	0.89%	+0.26
KMI Kinder Morgan Inc.	Add +3.2%	1.67%	+0.21
CMCSA Comcast Corp. Class A	Add +40.6%	1.00%	+0.18
EMN Eastman Chemical Co.	Add +8.1%	1.25%	+0.18
ELS Equity Lifestyle Properties	Add +23.3%	1.36%	+0.18
ETR Entergy Corp.	Add +0.1%	1.90%	+0.18
FDX FedEx Corp.	New	0.18%	+0.18
SUNC Sunococorp LLC	New	0.15%	+0.15
ENB Enbridge Inc.	Add +6.5%	1.73%	+0.15
APA Apa Corp.	New	0.14%	+0.14
FER Ferrovial NV	New	0.12%	+0.12
EQIX Equinix Inc.	Add +82.4%	0.23%	+0.12
KNTK Kinetik Holdings Inc.	Add +69.4%	0.19%	+0.10
KEYERA CORP COM	Add +9.2%	0.62%	+0.10
MPC Marathon Petroleum Corp.	Add +6.7%	0.31%	+0.10
PBA Pembina Pipeline Corp.	Add +8.7%	0.69%	+0.09
DTM DT Midstream Inc.	Add +9.2%	0.88%	+0.09
HESM Hess Midstream LP Class A	Add +3.1%	1.59%	+0.08
OXY Occidental Petroleum Corp.	Add +20.6%	0.16%	+0.07
XEL Xcel Energy Inc.	Add +28.5%	0.31%	+0.06
NEE Nextera Energy Inc.	Add +12.3%	0.40%	+0.06
VLO Valero Energy Corp.	Add +7.1%	0.18%	+0.06
AWK American Water Works Co. Inc.	Add +39.8%	0.22%	+0.05
NGG National Grid PLC-SP ADR	Add +23.5%	0.28%	+0.05
SU Suncor Energy Inc.	Add +3.7%	0.17%	+0.05
CHRD Chord Energy Corp.	Add +11.5%	0.12%	+0.04
OVV Ovintiv Inc.	Add +107.4%	0.06%	+0.04
GIBSON ENERGY INC COM	Add +9.2%	0.28%	+0.04
CNP Centerpoint Energy Inc.	Add +7.4%	0.40%	+0.04
AEP American Electric Power	Add +34.0%	0.13%	+0.03
GEL Genesis Energy L.P.	Add +0.0%	0.96%	+0.03
WTTR Select Water Solutions Inc.	Add +8.6%	0.11%	+0.03
SRE Sempra	Add +7.9%	0.46%	+0.03
T AT&T Inc.	Add +9.8%	0.23%	+0.03

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