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Portfolio (Quarterly) Guide ↗

MILLER HOWARD INVESTMENTS INC /NY

· CIK 0000903947
13F Portfolio $3.7B AUM 138 positions Filed Apr 20, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 12 New 79 Added 37 Reduced 14 Exited
Page 2 of 4  ·  79 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 GAP GAP INC/THE Consumer Cyclical 1,704,021.0 $41.2M 1.13% +901K +112.2% $24.20 -12.6%
22 PAYX PAYCHEX INC COM Industrials 430,548.0 $39.7M 1.08% +51K +13.6% $92.12 +6.6%
23 CMCSA COMCAST CORP NEW CL A Communication Services 1,278,695.0 $36.7M 1.00% +369K +40.6% $28.71 -21.9%
24 PAGP PLAINS GP HLDGS L P LTD PARTNR Energy 1,421,518.0 $34.5M 0.94% +291K +25.8% $24.28 -4.2%
25 OKE ONEOK INC NEW COM Energy 358,317.0 $32.4M 0.89% +75K +26.5% $90.39 -5.9%
26 HRL HORMEL FOODS CORP Consumer Defensive 1,423,720.0 $32.2M 0.88% +714K +100.6% $22.65 +6.7%
27 DTM DT MIDSTREAM INC COMMON STOCK Energy 238,616.0 $32.1M 0.88% +20K +9.2% $134.67 +6.4%
28 PBA PEMBINA PIPELINE CORP COM Energy 567,713.0 $25.4M 0.69% +46K +8.7% $44.76 +3.1%
29 KEYERA CORP COM 589,871.0 $22.7M 0.62% +50K +9.2% $38.56
30 SRE SEMPRA COM Utilities 172,212.0 $16.7M 0.46% +13K +7.9% $97.17 -6.7%
31 NEE NEXTERA ENERGY INC COM Utilities 159,030.0 $14.8M 0.40% +17K +12.3% $92.88 -6.6%
32 CNP CENTERPOINT ENERGY INC COM Utilities 342,077.0 $14.8M 0.40% +24K +7.4% $43.16 -0.8%
33 CEG CONSTELLATION ENERGY CORP COM Utilities 44,571.0 $12.4M 0.34% +3K +7.2% $279.25 -1.9%
34 MPC MARATHON PETE CORP COM Energy 47,097.0 $11.5M 0.31% +3K +6.7% $244.18 -0.5%
35 XEL XCEL ENERGY INC Utilities 141,639.0 $11.3M 0.31% +31K +28.5% $79.44 -2.5%
36 AEE AMEREN CORP COM Utilities 99,697.0 $11.0M 0.30% +7K +7.8% $109.92 -1.1%
37 AMT AMERICAN TOWER CORP NEW COM Real Estate 61,337.0 $10.6M 0.29% +11K +22.4% $172.58 +2.0%
38 WM WASTE MGMT INC DEL COM Industrials 45,419.0 $10.4M 0.28% +3K +8.1% $229.79 -6.1%
39 NGG NATIONAL GRID PLC SPONSORED AD Utilities 120,490.0 $10.2M 0.28% +23K +23.5% $84.60 -6.1%
40 GIBSON ENERGY INC COM 478,540.0 $10.2M 0.28% +40K +9.2% $21.27
Page 2 of 4  ·  79 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Energy 41.0%
Financial Services 16.8%
Healthcare 11.2%
Utilities 9.4%
Real Estate 5.6%
Communication Services 4.4%
Industrials 3.9%
Basic Materials 2.6%
Technology 2.3%
Consumer Defensive 1.6%