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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 7  ·  138 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 LAMR LAMAR ADVERTISING CO NEW CL A Real Estate 468,026.0 $59.3M 1.62% +153K +48.5% $126.66 +18.2%
22 HESM HESS MIDSTREAM LP CL A SHS Energy 1,491,899.0 $58.0M 1.58% +46K +3.1% $38.87 -5.4%
23 TRGP TARGA RES CORP COM Energy 230,592.0 $57.8M 1.58% +63K +37.3% $250.73 +3.1%
24 CME CME GROUP INC COM Financial Services 195,433.0 $57.7M 1.58% +192K +5269.0% $295.35 -16.6%
25 VZ VERIZON COMMUNICATIONS INC COM Communication Services 1,097,506.0 $55.1M 1.51% +297K +37.1% $50.20 -8.7%
26 GILD GILEAD SCIENCES INC COM Healthcare 393,238.0 $54.8M 1.50% -262K -39.9% $139.37 -11.2%
27 PSX PHILLIPS 66 COM Energy 294,220.0 $53.6M 1.47% +3K +1.2% $182.18 -8.8%
28 C CITIGROUP INC COM NEW Financial Services 469,968.0 $53.3M 1.46% -117K -20.0% $113.41 +26.2%
29 SUN SUNOCO LP/SUNOCO FIN CORP COM Energy 816,233.0 $53.0M 1.45% +127K +18.4% $64.97 -2.3%
30 SNA SNAP ON INC COM Industrials 141,082.0 $51.2M 1.40% NEW $363.22 +6.6%
31 BAC BANK AMERICA CORP COM Financial Services 1,036,866.0 $50.5M 1.38% -11K -1.1% $48.75 +15.3%
32 ELS EQUITY LIFESTYLE PROPERTIES IN Real Estate 799,961.0 $49.9M 1.36% +151K +23.3% $62.42 -0.4%
33 LNG CHENIERE ENERGY INC COM NEW Energy 164,910.0 $46.8M 1.28% +5K +2.9% $283.76 -20.0%
34 HST HOST HOTELS & RESORTS INC COM Real Estate 2,417,960.0 $46.3M 1.27% +104K +4.5% $19.16 +30.5%
35 NTR NUTRIEN LTD COM Basic Materials 610,106.0 $46.0M 1.26% $75.46 -16.7%
36 EMN EASTMAN CHEM CO COM Basic Materials 600,368.0 $45.8M 1.25% +45K +8.1% $76.32 -5.0%
37 GS GOLDMAN SACHS GROUP INC COM Financial Services 53,857.0 $45.6M 1.25% -953.0 -1.7% $845.99 +29.6%
38 BK BANK NEW YORK MELLON CORP COM Financial Services 379,921.0 $45.1M 1.23% -6K -1.6% $118.63 +20.1%
39 CSCO CISCO SYS INC COM Technology 574,087.0 $44.5M 1.22% -660K -53.5% $77.59 +54.1%
40 MTB M & T BK CORP COM Financial Services 213,021.0 $44.0M 1.20% $206.72 +8.9%
Page 2 of 7  ·  138 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%