Miller Howard Investments Inc.

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

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 31, 2026), Miller Howard Investments Inc. reported 152 stock positions worth $3.8 billion. Its top holding was MPLX (MPLX) at 3.5% of the portfolio, followed by Enterprise Products Partners (EPD, 3.1%) and Johnson & Johnson (JNJ, 2.7%). Compared with Q1 2026, it opened 16 new positions, sold out of 2, added to 78 and reduced 57. The biggest buy was a new position in McDonald's (MCD) and the biggest sale Bank of New York Mellon (BNY, shares −93%).

Most Recent 13F: Q2 2026
Location: KINGSTON, NY
CIK: 0000903947
Portfolio Value: $3.8B (Q2 2026)
SEC Filing: 0000903947-26-000003 ↗ filed Jul 31, 2026

Holdings Value

Holdings 152 stocks · $3.8B


MPLX MPLX LP	3.48%	2,325,809	$131.0M	Add +3.8%
EPD Enterprise Products Partners	3.13%	3,211,891	$118.1M	Add +1.6%
JNJ Johnson & Johnson	2.72%	403,524	$102.5M	Reduce -0.2%
ET Energy Transfer LP	2.70%	5,314,984	$101.6M	Add +1.9%
ABBV Abbvie Inc.	2.65%	396,657	$99.8M	Reduce -0.3%
STT State Street Corp.	2.26%	503,296	$85.4M	Reduce -15.5%
TRP TC Energy Corp.	2.23%	1,270,274	$84.2M	Reduce -1.9%
EWBC East West Bancorp Inc.	2.10%	612,470	$79.1M	Add +0.0%
EXC Exelon Corp.	2.00%	1,620,430	$75.5M	Reduce -3.8%
LAMR Lamar Advertising Co. Class A	1.94%	469,463	$73.2M	Add +0.3%
WES Western Midstream Partners L	1.91%	1,648,942	$72.2M	Add +4.0%
ETR Entergy Corp.	1.91%	627,738	$72.1M	Add +1.4%
WMB Williams Cos Inc.	1.79%	905,934	$67.3M	Add +4.1%
CSCO Cisco Systems Inc.	1.77%	568,258	$66.7M	Reduce -1.0%
MDT Medtronic PLC	1.77%	851,494	$66.6M	Add +19.1%
PAA Plains All Amer Pipeline LP	1.77%	2,992,424	$66.6M	Add +6.8%
C Citigroup Inc.	1.75%	471,274	$66.0M	Add +0.3%
SUN Sunoco LP	1.74%	974,109	$65.8M	Add +19.3%
TRGP Targa Resources Corp.	1.72%	241,917	$64.9M	Add +4.9%
MTB M & T Bank Corp. filed as M & T BK CORP	1.68%	265,769	$63.3M	Add +24.8%
ENB Enbridge Inc.	1.68%	1,166,580	$63.2M	Reduce -0.3%
COP Conocophillips	1.68%	607,766	$63.2M	Reduce -0.3%
GSK GSK PLC-Spon ADR	1.64%	1,182,068	$62.0M	Reduce -27.4%
BAC Bank of America Corp.	1.57%	1,038,466	$59.2M	Add +0.1%
USB US Bancorp	1.56%	972,853	$58.8M	Add +22.2%
HESM Hess Midstream LP Class A	1.55%	1,558,131	$58.6M	Add +4.4%
HST Host Hotels & Resorts Inc.	1.52%	2,418,633	$57.3M	Add +0.0%
SNA Snap-on Inc.	1.50%	140,879	$56.7M	Reduce -0.1%
VZ Verizon Communications Inc.	1.50%	1,338,840	$56.7M	Add +22.0%
CNQ Canadian Natural Resources	1.50%	1,433,802	$56.6M	Reduce -0.4%
KMI Kinder Morgan Inc.	1.50%	1,766,361	$56.5M	Reduce -3.1%
GS Goldman Sachs Group Inc.	1.44%	53,517	$54.1M	Reduce -0.6%
MCD McDonald's Corp.	1.40%	195,848	$52.9M	New
TXN Texas Instruments Inc.	1.40%	176,722	$52.7M	Add +0.2%
ELS Equity Lifestyle Properties	1.36%	792,528	$51.1M	Reduce -0.9%
PSX Phillips 66	1.31%	293,135	$49.6M	Reduce -0.4%
GILD Gilead Sciences Inc.	1.31%	392,122	$49.5M	Reduce -0.3%
PAYX Paychex Inc.	1.31%	503,623	$49.5M	Add +17.0%
RF Regions Financial Corp.	1.28%	1,601,010	$48.4M	Add +0.7%
KO The Coca-Cola Co.	1.28%	593,133	$48.2M	Add +83.5%
ORI Old Republic Intl Corp.	1.21%	1,110,934	$45.5M	Reduce -33.0%
HRL Hormel Foods Corp.	1.16%	1,761,166	$43.7M	Add +23.7%
CMS CMS Energy Corp.	1.16%	571,159	$43.7M	Add +1.4%
OMC Omnicom Group	1.12%	580,248	$42.3M	Reduce -0.3%
EMN Eastman Chemical Co.	1.07%	603,100	$40.4M	Add +0.5%
LNG Cheniere Energy Inc.	1.05%	166,050	$39.7M	Add +0.7%
NTR Nutrien Ltd.	1.02%	608,140	$38.3M	Reduce -0.3%
CME Cme Group Inc.	0.93%	159,373	$35.2M	Reduce -18.4%
OGE Oge Energy Corp.	0.91%	705,897	$34.3M	Add +0.1%
PAGP Plains GP Holdings LP	0.90%	1,395,186	$33.9M	Reduce -1.9%
OKE Oneok Inc.	0.85%	368,104	$32.0M	Add +2.7%
DTM DT Midstream Inc.	0.82%	210,124	$30.8M	Reduce -11.9%
GAP The Gap Inc.	0.80%	1,624,040	$30.3M	Reduce -4.7%
AM Antero Midstream Corp.	0.67%	1,104,337	$25.1M	Reduce -3.0%
DVY iShares Select Dividend ETF	0.62%	150,229	$23.5M	Reduce -18.4%
STAG Stag Industrial Inc.	0.59%	586,882	$22.3M	Reduce -0.0%
KEYERA CORP COM	0.59%	556,221	$22.3M	Reduce -5.7%
BRX Brixmor Property Group Inc.	0.59%	707,245	$22.3M	New
PBA Pembina Pipeline Corp.	0.57%	465,233	$21.5M	Reduce -18.1%
GEL Genesis Energy L.P.	0.54%	1,423,389	$20.2M	Reduce -28.0%
SOBO South Bow Corp.	0.46%	496,936	$17.5M	Reduce -5.8%
SRE Sempra	0.45%	181,540	$16.8M	Add +5.4%
SUNC Sunococorp LLC	0.44%	243,124	$16.5M	Add +174.4%
CNP Centerpoint Energy Inc.	0.42%	361,649	$15.9M	Add +5.7%
NEE Nextera Energy Inc.	0.39%	167,152	$14.7M	Add +5.1%
XEL Xcel Energy Inc.	0.34%	157,444	$12.6M	Add +11.2%
CSX CSX Corp.	0.32%	253,619	$12.1M	Add +6.2%
AEE Ameren Corporation	0.32%	105,102	$11.9M	Add +5.4%
CEG Constellation Energy	0.31%	46,548	$11.6M	Add +4.4%
PPL PPL Corp.	0.29%	301,386	$11.0M	Add +6.6%
AMT American Tower Corp.	0.29%	66,322	$10.8M	Add +8.1%
WM Waste Management Inc.	0.28%	48,031	$10.7M	Add +5.8%
MPC Marathon Petroleum Corp.	0.28%	41,782	$10.7M	Reduce -11.3%
NGG National Grid PLC-SP ADR	0.28%	127,803	$10.6M	Add +6.1%
EQIX Equinix Inc.	0.26%	9,452	$9.9M	Add +9.7%
NI Nisource Inc.	0.26%	203,816	$9.7M	Add +5.2%
ATO Atmos Energy Corp.	0.25%	55,277	$9.5M	Add +6.7%
GIBSON ENERGY INC COM	0.24%	451,240	$9.1M	Reduce -5.7%
UNP Union Pacific Corp.	0.23%	32,057	$8.7M	Add +6.5%
AWK American Water Works Co. Inc.	0.22%	62,419	$8.2M	Add +6.8%
TMUS T-Mobile US Inc.	0.21%	47,149	$7.9M	Add +0.9%
FDX FedEx Corp.	0.20%	24,502	$7.7M	Add +36.0%
VLO Valero Energy Corp.	0.18%	25,899	$6.7M	Reduce -2.3%
KNTK Kinetik Holdings Inc.	0.18%	138,735	$6.7M	Reduce -5.2%
CQP Cheniere Energy Partners LP	0.17%	107,301	$6.5M	Add +6.0%
T AT&T Inc.	0.16%	286,386	$5.9M	Add +0.7%
AR Antero Resources Corp.	0.14%	151,971	$5.3M	Reduce -2.2%
FER Ferrovial NV	0.14%	75,656	$5.2M	Add +8.5%
WCN Waste Connections Inc.	0.14%	30,917	$5.2M	Reduce -5.1%
AEP American Electric Power	0.13%	36,648	$5.0M	Add +3.7%
SU Suncor Energy Inc.	0.13%	92,998	$5.0M	Reduce -2.2%
VST Vistra Corp.	0.12%	28,898	$4.6M	Add +3.6%
RPGSF Rockpoint Gas Storag Class A	0.12%	217,242	$4.5M	Reduce -5.7%
OXY Occidental Petroleum Corp.	0.11%	86,785	$4.2M	Reduce -2.3%
APA Apa Corp.	0.10%	115,181	$3.8M	Reduce -2.1%
BNY Bank of New York Mellon Corp.	0.10%	25,543	$3.7M	Reduce -93.3%
SO The Southern Co.	0.10%	38,342	$3.7M	Add +3.7%
GPOR Gulfport Energy Corp.	0.10%	21,262	$3.6M	Reduce -2.4%
HCA HCA Healthcare Inc.	0.09%	9,141	$3.6M	New
CHRD Chord Energy Corp.	0.09%	29,833	$3.4M	Reduce -2.2%
XLU St Sr Utl SL SE SPDR ETF-Usd	0.08%	63,851	$2.9M	Add +254.8%
DUK Duke Energy Corp.	0.07%	22,232	$2.8M	Add +3.7%
DTE DTE Energy Company	0.07%	17,224	$2.6M	Add +3.7%
D Dominion Energy Inc.	0.07%	38,159	$2.6M	Add +3.6%
PEG Public Service Enterprise GP	0.07%	30,502	$2.5M	Add +3.6%
LNT Alliant Energy Corp.	0.06%	31,184	$2.4M	Add +3.6%
WEC WEC Energy Group Inc.	0.06%	19,363	$2.3M	Add +3.7%
WTTR Select Water Solutions Inc.	0.06%	106,172	$2.1M	Reduce -59.4%
BKR Baker Hughes Co.	0.06%	38,161	$2.1M	Reduce -2.3%
EVRG Evergy Inc.	0.05%	23,598	$2.0M	Add +3.6%
OVV Ovintiv Inc.	0.05%	38,530	$2.0M	Reduce -1.8%
LBRT Liberty Energy Inc.	0.05%	72,261	$1.9M	Reduce -2.2%
CVX Chevron Corp.	0.05%	10,767	$1.8M	Reduce -2.2%
PCG P G & E Corp.	0.04%	94,678	$1.6M	Add +3.7%
MDU Mdu Resources Group Inc.	0.04%	75,038	$1.6M	Add +3.7%
FTS Fortis Inc.	0.04%	25,499	$1.5M	Add +3.6%
HAL Halliburton Co.	0.04%	41,463	$1.4M	Reduce -2.3%
BKH Black Hills Corp.	0.03%	17,119	$1.3M	Add +3.6%
NRG NRG Energy Inc.	0.03%	8,680	$1.3M	Add +3.8%
AVGO Broadcom Inc.	0.03%	3,109	$1.2M	Reduce -3.2%
XOM Exxonmobil Holdings Corp.	0.03%	8,454	$1.2M	New
OGS One Gas Inc.	0.03%	14,910	$1.1M	Add +3.7%
CRC California Resources Corp.	0.03%	20,275	$1.1M	New
ES Eversource Energy	0.03%	14,808	$1.1M	Add +3.7%
JPM JPMorgan Chase & Co.	0.03%	3,107	$1.0M	Reduce -27.9%
RRC Range Resources Corp.	0.03%	26,612	$990K	Reduce -1.9%
CAH Cardinal Health Inc.	0.02%	3,926	$933K	No change
BE Bloom Energy Corp. Class A	0.02%	2,759	$835K	Add +31.5%
JEF Jefferies Financial Group Inc.	0.01%	10,005	$500K	Reduce -15.5%
RY Royal Bank of Canada	0.01%	2,337	$484K	Reduce -14.5%
IWD iShares Russell 1000 Value E	0.01%	1,900	$461K	Add +65.7%
NTAP Netapp Inc.	0.01%	2,667	$413K	Add +24.5%
TTE Totalenergies SE	0.01%	4,624	$360K	Reduce -11.3%
GEV GE Vernova Inc.	0.01%	306	$360K	New
NXT Nextpower Inc.	0.01%	2,717	$324K	New
SEDG Solaredge Technologies Inc.	0.01%	5,477	$320K	New
XOM Exxon Mobil Corp.	0.01%	2,267	$310K	Reduce -79.3%
GNRC Generac Holdings Inc.	0.01%	965	$283K	New
CMCSA Comcast Corp. Class A	0.01%	11,079	$272K	Reduce -99.1%
TE T1 Energy Inc.	0.01%	28,212	$267K	Add +71.2%
ENPH Enphase Energy Inc.	0.01%	5,258	$259K	New
BLDP Ballard Power Systems Inc.	0.01%	59,216	$230K	Add +104.0%
CWEN Clearway Energy Inc. Class C	0.01%	6,396	$219K	New
CMI Cummins Inc.	0.01%	305	$218K	New
CPT Camden Property Trust	0.01%	1,785	$204K	New
SHLS Shoals Technologies Group -A	0.00%	18,091	$179K	Add +71.2%
PLUG Plug Power Inc. filed as PLUG PWR INC	0.00%	55,060	$149K	Add +106.7%
TAC Transalta Corp.	0.00%	10,557	$146K	New
ARRY Array Technologies Inc.	0.00%	18,139	$134K	Add +71.2%
NRGV Energy Vault Holdings Inc.	0.00%	26,381	$124K	Add +71.2%
RNW Renew Energy Global PLC-A	0.00%	16,423	$103K	New
EOSE Eos Energy Enterprises Inc.	0.00%	11,610	$68K	New

Portfolio Sells Q1 2026 → Q2 2026


BNY Bank of New York Mellon Corp.	Reduce -93.3%	0.10%	−1.13
CMCSA Comcast Corp. Class A	Reduce -99.1%	0.01%	−1.00
GSK GSK PLC-Spon ADR	Reduce -27.4%	1.64%	−0.81
CME Cme Group Inc.	Reduce -18.4%	0.93%	−0.64
ORI Old Republic Intl Corp.	Reduce -33.0%	1.21%	−0.60
COP Conocophillips	Reduce -0.3%	1.68%	−0.52
GEL Genesis Energy L.P.	Reduce -28.0%	0.54%	−0.43
CNQ Canadian Natural Resources	Reduce -0.4%	1.50%	−0.42
GAP The Gap Inc.	Reduce -4.7%	0.80%	−0.32
EXC Exelon Corp.	Reduce -3.8%	2.00%	−0.25
NTR Nutrien Ltd.	Reduce -0.3%	1.02%	−0.24
GILD Gilead Sciences Inc.	Reduce -0.3%	1.31%	−0.18
KMI Kinder Morgan Inc.	Reduce -3.1%	1.50%	−0.17
PSX Phillips 66	Reduce -0.4%	1.31%	−0.15
DVY iShares Select Dividend ETF	Reduce -18.4%	0.62%	−0.14
PBA Pembina Pipeline Corp.	Reduce -18.1%	0.57%	−0.12
OMC Omnicom Group	Reduce -0.3%	1.12%	−0.08
UPS United Parcel Service Class B	Sold out	0.00%	−0.07
DTM DT Midstream Inc.	Reduce -11.9%	0.82%	−0.06
ENB Enbridge Inc.	Reduce -0.3%	1.68%	−0.05
WTTR Select Water Solutions Inc.	Reduce -59.4%	0.06%	−0.05
OXY Occidental Petroleum Corp.	Reduce -2.3%	0.11%	−0.05
PAGP Plains GP Holdings LP	Reduce -1.9%	0.90%	−0.04
AM Antero Midstream Corp.	Reduce -3.0%	0.67%	−0.04
XOM Exxon Mobil Corp.	Reduce -79.3%	0.01%	−0.04
SU Suncor Energy Inc.	Reduce -2.2%	0.13%	−0.04
CTRA Coterra Energy Inc.	Sold out	0.00%	−0.04
AR Antero Resources Corp.	Reduce -2.2%	0.14%	−0.04
APA Apa Corp.	Reduce -2.1%	0.10%	−0.04
GIBSON ENERGY INC COM	Reduce -5.7%	0.24%	−0.04
MPC Marathon Petroleum Corp.	Reduce -11.3%	0.28%	−0.03
GPOR Gulfport Energy Corp.	Reduce -2.4%	0.10%	−0.03
KEYERA CORP COM	Reduce -5.7%	0.59%	−0.03
CHRD Chord Energy Corp.	Reduce -2.2%	0.09%	−0.03
SOBO South Bow Corp.	Reduce -5.8%	0.46%	−0.02
KNTK Kinetik Holdings Inc.	Reduce -5.2%	0.18%	−0.02
CVX Chevron Corp.	Reduce -2.2%	0.05%	−0.01
OVV Ovintiv Inc.	Reduce -1.8%	0.05%	−0.01
ELS Equity Lifestyle Properties	Reduce -0.9%	1.36%	−0.01
BKR Baker Hughes Co.	Reduce -2.3%	0.06%	−0.01
LBRT Liberty Energy Inc.	Reduce -2.2%	0.05%	−0.01
HAL Halliburton Co.	Reduce -2.3%	0.04%	−0.01
WCN Waste Connections Inc.	Reduce -5.1%	0.14%	−0.01
JPM JPMorgan Chase & Co.	Reduce -27.9%	0.03%	−0.01
RRC Range Resources Corp.	Reduce -1.9%	0.03%	−0.01
RPGSF Rockpoint Gas Storag Class A	Reduce -5.7%	0.12%	−0.01
TTE Totalenergies SE	Reduce -11.3%	0.01%	−0.00
JEF Jefferies Financial Group Inc.	Reduce -15.5%	0.01%	−0.00
VLO Valero Energy Corp.	Reduce -2.3%	0.18%	−0.00
RY Royal Bank of Canada	Reduce -14.5%	0.01%	+0.00

Portfolio Buys Q1 2026 → Q2 2026


MCD McDonald's Corp.	New	1.40%	+1.40
KO The Coca-Cola Co.	Add +83.5%	1.28%	+0.61
BRX Brixmor Property Group Inc.	New	0.59%	+0.59
MTB M & T Bank Corp.	Add +24.8%	1.68%	+0.47
TXN Texas Instruments Inc.	Add +0.2%	1.40%	+0.46
USB US Bancorp	Add +22.2%	1.56%	+0.43
LAMR Lamar Advertising Co. Class A	Add +0.3%	1.94%	+0.32
EWBC East West Bancorp Inc.	Add +0.0%	2.10%	+0.31
SUN Sunoco LP	Add +19.3%	1.74%	+0.29
C Citigroup Inc.	Add +0.3%	1.75%	+0.29
SUNC Sunococorp LLC	Add +174.4%	0.44%	+0.29
HRL Hormel Foods Corp.	Add +23.7%	1.16%	+0.28
HST Host Hotels & Resorts Inc.	Add +0.0%	1.52%	+0.26
PAYX Paychex Inc.	Add +17.0%	1.31%	+0.23
BAC Bank of America Corp.	Add +0.1%	1.57%	+0.19
RF Regions Financial Corp.	Add +0.7%	1.28%	+0.15
TRGP Targa Resources Corp.	Add +4.9%	1.72%	+0.14
WES Western Midstream Partners L	Add +4.0%	1.91%	+0.13
HCA HCA Healthcare Inc.	New	0.09%	+0.09
MDT Medtronic PLC	Add +19.1%	1.77%	+0.07
PAA Plains All Amer Pipeline LP	Add +6.8%	1.77%	+0.06
WMB Williams Cos Inc.	Add +4.1%	1.79%	+0.06
XLU St Sr Utl SL SE SPDR ETF-Usd	Add +254.8%	0.08%	+0.05
CSX CSX Corp.	Add +6.2%	0.32%	+0.05
UNP Union Pacific Corp.	Add +6.5%	0.23%	+0.03
XOM Exxonmobil Holdings Corp.	New	0.03%	+0.03
EQIX Equinix Inc.	Add +9.7%	0.26%	+0.03
CRC California Resources Corp.	New	0.03%	+0.03
FDX FedEx Corp.	Add +36.0%	0.20%	+0.03
XEL Xcel Energy Inc.	Add +11.2%	0.34%	+0.03
CNP Centerpoint Energy Inc.	Add +5.7%	0.42%	+0.02
AEE Ameren Corporation	Add +5.4%	0.32%	+0.02
BE Bloom Energy Corp. Class A	Add +31.5%	0.02%	+0.01
FER Ferrovial NV	Add +8.5%	0.14%	+0.01
ETR Entergy Corp.	Add +1.4%	1.91%	+0.01
NI Nisource Inc.	Add +5.2%	0.26%	+0.01
GEV GE Vernova Inc.	New	0.01%	+0.01
NXT Nextpower Inc.	New	0.01%	+0.01
SEDG Solaredge Technologies Inc.	New	0.01%	+0.01
GNRC Generac Holdings Inc.	New	0.01%	+0.01
VST Vistra Corp.	Add +3.6%	0.12%	+0.01
D Dominion Energy Inc.	Add +3.6%	0.07%	+0.01
ENPH Enphase Energy Inc.	New	0.01%	+0.01
AEP American Electric Power	Add +3.7%	0.13%	+0.01
CWEN Clearway Energy Inc. Class C	New	0.01%	+0.01
CMI Cummins Inc.	New	0.01%	+0.01
IWD iShares Russell 1000 Value E	Add +65.7%	0.01%	+0.01
CPT Camden Property Trust	New	0.01%	+0.01
TE T1 Energy Inc.	Add +71.2%	0.01%	+0.01
NTAP Netapp Inc.	Add +24.5%	0.01%	+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