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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 3 of 7  ·  138 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 OMC OMNICOM GROUP INC COM Communication Services 581,969.0 $43.8M 1.20% +7K +1.2% $75.31 -5.3%
42 CMS CMS ENERGY CORP COM Utilities 563,102.0 $43.7M 1.19% -14K -2.5% $77.58 -5.4%
43 RF REGIONS FINANCIAL CORP NEW COM Financial Services 1,589,537.0 $41.5M 1.14% $26.12 +9.6%
44 USB US BANCORP DEL COM NEW Financial Services 796,319.0 $41.4M 1.13% $52.01 +11.8%
45 GAP GAP INC/THE Consumer Cyclical 1,704,021.0 $41.2M 1.13% +901K +112.2% $24.20 -12.6%
46 PAYX PAYCHEX INC COM Industrials 430,548.0 $39.7M 1.08% +51K +13.6% $92.12 +6.6%
47 CMCSA COMCAST CORP NEW CL A Communication Services 1,278,695.0 $36.7M 1.00% +369K +40.6% $28.71 -21.9%
48 GEL GENESIS ENERGY L P UNIT LTD PA Energy 1,977,609.0 $35.3M 0.96% $17.83 -18.8%
49 PAGP PLAINS GP HLDGS L P LTD PARTNR Energy 1,421,518.0 $34.5M 0.94% +291K +25.8% $24.28 -4.2%
50 TXN TEXAS INSTRS INC COM Technology 176,346.0 $34.2M 0.94% -1K -0.8% $194.14 +66.3%
51 OGE OGE ENERGY CORP COM Utilities 705,127.0 $33.8M 0.92% $47.96 -1.4%
52 OKE ONEOK INC NEW COM Energy 358,317.0 $32.4M 0.89% +75K +26.5% $90.39 -5.9%
53 HRL HORMEL FOODS CORP Consumer Defensive 1,423,720.0 $32.2M 0.88% +714K +100.6% $22.65 +6.7%
54 DTM DT MIDSTREAM INC COMMON STOCK Energy 238,616.0 $32.1M 0.88% +20K +9.2% $134.67 +6.4%
55 DVY ISHARES TR SELECT DIVID ETF 184,182.0 $27.9M 0.76% -322K -63.6% $151.41 +1.2%
56 AM ANTERO MIDSTREAM CORP COM Energy 1,138,874.0 $26.0M 0.71% -840K -42.4% $22.80 -4.8%
57 PBA PEMBINA PIPELINE CORP COM Energy 567,713.0 $25.4M 0.69% +46K +8.7% $44.76 +3.1%
58 KO COCA COLA CO COM Consumer Defensive 323,276.0 $24.6M 0.67% -5K -1.6% $76.05 +4.4%
59 KEYERA CORP COM 589,871.0 $22.7M 0.62% +50K +9.2% $38.56
60 STAG STAG INDL INC COM Real Estate 586,985.0 $21.2M 0.58% -7K -1.2% $36.06 +4.8%
Page 3 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%