MILLER HOWARD INVESTMENTS INC /NY

Registered adviser

CIK

903947

Location

KINGSTON, NY

Portfolio Value

Mid $3,561,002,737

Diversification

Diversified

Filing Date

Global Rank

#1,086 / 8,821 ▼ 98 · as of Jun 2026

Top Industry

Oil & Gas Midstream 30.1%

Period ended 33 days ago

Filed Oct 26, 2026 · 7d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 105800

Roster of Oct 1, 2026

Regulatory AUM

$3,810,781,500

Main clients

Other (62% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$3,810,781,500	Other (62%)
Apr 2025 to Mar 2026	$3,450,989,180	Other (61%)
Apr 2024 to Mar 2025	$3,245,010,331	Other (57%)
May 2023 to Mar 2024	$3,145,174,550	Other (57%)
Apr 2023	$3,145,174,550	Other (57%)
Apr 2022 to Mar 2023	$3,043,643,380	Other (61%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 25.5%, 61.8 effective positions, active share 89.3% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

25.9% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 17.7 quarters (12+), a floor since 37.8% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 89.3%; sector active share 54.1% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

156 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

3.7%

+0.2 pts

Top 5

13.9%

−0.9 pts

Top 10

24.2%

−1.2 pts

HHI

157

Diversified−5

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Energy	38.8%	$1,382,485,999	46
Financial Services	15.6%	$557,018,821	14
Healthcare	10.9%	$387,416,861	8
Utilities	9.7%	$346,795,944	33
Real Estate	6.2%	$220,529,478	8
Technology	4.6%	$162,452,742	8
Communication Services	3.3%	$119,259,274	4
Consumer Cyclical	3.1%	$111,803,109	3
Industrials	2.8%	$98,382,528	14
Consumer Defensive	2.3%	$83,500,440	2
Basic Materials	1.8%	$62,446,952	2
Unclassified	0.8%	$28,910,589	14

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BRX	Brixmor Property Group Inc.	+808,010	1,515,255	$41,821,038
GAP	Gap Inc	+374,739	1,998,779	$45,652,112
SUNC	SunocoCorp LLC	+370,667	613,791	$44,892,673
ET	Energy Transfer LP	+364,190	5,679,174	$0
TRP	Tc Energy Corp	+208,983	1,479,257	$85,471,469
EPD	Enterprise Products Partners L.P.	+132,227	3,344,118	$119,084,041
KMI	Kinder Morgan, Inc.	+78,396	1,844,757	$55,619,423
WES	Western Midstream Partners, LP	+61,156	1,710,098	$75,877,048
MDU	Mdu Resources Group Inc	+57,891	132,929	$2,464,503
ENB	Enbridge Inc	+46,227	1,212,807	$56,383,397
AEE	Ameren Corp	+44,178	149,280	$14,835,446
WMB	Williams Companies, Inc.	+40,322	946,256	$64,317,020
KNTK	Kinetik Holdings Inc.	+39,950	178,685	$8,969,987
SOBO	South Bow Corp	+33,746	530,682	$17,581,494
CME	Cme Group Inc.	+33,169	192,542	$50,442,153
PBA	Pembina Pipeline Corp	+31,586	496,819	$22,148,191
HESM	Hess Midstream LP	+28,499	1,586,630	$59,292,363
T	At&T Inc.	+24,008	310,394	$7,573,613
XEL	Xcel Energy Inc	+19,041	176,485	$12,438,662
DTM	DT Midstream, Inc.	+14,259	224,383	$26,807,037
PAYX	Paychex Inc	+12,486	516,109	$50,836,736
TRGP	Targa Resources Corp.	+10,543	252,460	$68,242,462
LNG	Cheniere Energy, Inc.	+6,865	172,915	$46,519,322
CSX	Csx Corp	+5,515	259,134	$12,052,322
NRG	Nrg Energy, Inc.	+5,233	13,913	$1,330,778
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
HST	Host Hotels & Resorts, Inc.	−1,359,628	1,059,005	$23,711,121
STAG	STAG Industrial, Inc.	−570,972	15,910	$569,737
GEL	Genesis Energy LP	−389,049	1,034,340	$14,232,518
EMN	Eastman Chemical Co	−292,034	311,066	$20,169,519
COP	Conocophillips	−131,822	475,944	$59,564,391
STT	State Street Corp	−128,755	374,541	$65,391,113
DVY	iShares Select Dividend ETF	−119,822	30,407	$4,623,992
HRL	Hormel Foods Corp	−101,743	1,659,423	$33,088,894
ABBV	AbbVie Inc.	−101,089	295,568	$77,317,633
JNJ	Johnson & Johnson	−86,267	317,257	$83,990,618
PSX	Phillips 66	−76,440	216,695	$55,324,400
CNQ	CANADIAN NATURAL RESOURCES Ltd	−72,879	1,360,923	$64,058,645
SRE	Sempra	−46,521	135,019	$10,526,081
EXC	Exelon Corp	−46,266	1,574,164	$63,596,225
MCD	Mcdonalds Corp	−40,172	155,676	$35,951,815
SU	Suncor Energy Inc	−36,101	56,897	$3,861,599
CMS	Cms Energy Corp	−23,425	547,734	$34,551,060
ELS	Equity Lifestyle Properties Inc	−19,206	773,322	$45,107,872
FER	Ferrovial N.V.	−15,887	59,769	$3,233,502
RF	Regions Financial Corp	−13,729	1,587,281	$42,666,113
PAGP	Plains Gp Holdings LP	−13,057	1,382,129	$35,797,141
BAC	Bank Of America Corp	−10,719	1,027,747	$55,940,269
ORI	Old Republic International Corp	−10,551	1,100,383	$41,055,289
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	−9,720	54,131	$2,134,926
AM	Antero Midstream Corp	−9,426	1,094,911	$22,073,405
No positions match the current search.

New Positions

Positions the filer opened this quarter

18 positions

Ticker	Company	Shares	Value
NVS	Novartis AG	229,623	$32,737,351
HD	Home Depot, Inc.	106,152	$30,199,182
REG	Regency Centers Corp	300,043	$21,567,090
IXJ	iShares Global Healthcare ETF	86,136	$8,796,208
XLY	State Street(R) Consumer Discretionary Select Sector SPDR(R) ETF	63,572	$6,919,176
PR	Permian Resources Corp	181,473	$3,832,709
PTEN	Patterson Uti Energy Inc	255,108	$2,785,779
FUTY	Fidelity MSCI Utilities Index ETF	31,234	$1,594,495
ICF	iShares Select U.S. REIT ETF	23,158	$1,456,638
FANG	Diamondback Energy, Inc.	7,012	$1,288,875
IDU	iShares U.S. Utilities ETF	11,763	$1,186,180
XRT	State Street(R) SPDR(R) S&P(R) Retail ETF	10,011	$822,403
GQRE	FlexShares Global Quality Real Estate Index Fund	7,544	$448,528
JXI	iShares Global Utilities ETF	4,281	$329,166
ENFR	Alerian Energy Infrastructure ETF	8,473	$310,535
IXP	iShares Global Comm Services ETF	2,438	$288,342
RSPS	Victory Portfolios II	51,559	$0
RSPD	Victory Portfolios II	177,319	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
LBRT	Liberty Energy Inc.	72,261	$1,892,515
FTS	Fortis Inc.	25,499	$1,459,307
IWD	iShares Russell 1000 Value ETF	1,900	$460,617
SEDG	Solaredge Technologies, Inc.	5,477	$320,075
GNRC	Generac Holdings Inc.	965	$282,561
CMCSA	Comcast Corp	11,079	$271,989
ENPH	Enphase Energy, Inc.	5,258	$258,903
CWEN	Clearway Energy, Inc.	6,396	$218,615
CMI	Cummins Inc	305	$217,529
CPT	Camden Property Trust	1,785	$204,364
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

156 tracked positions · $3,561,002,737 total · filing declares 159 positions · $3,718,810,788 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 156 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MPLX	Mplx LP Energy	Reduced	2,317,575	-8,234	$130,525,824	−0.4%	3.67%
EPD	Enterprise Products Partners L.P. Energy	Added	3,344,118	+132,227	$119,084,041	+0.9%	3.34%
TRP	Tc Energy Corp Energy	Added	1,479,257	+208,983	$85,471,469	+1.5%	2.40%
JNJ	Johnson & Johnson Healthcare	Reduced	317,257	-86,267	$83,990,618	−18.0%	2.36%
ABBV	AbbVie Inc. Healthcare	Reduced	295,568	-101,089	$77,317,633	−22.5%	2.17%
WES	Western Midstream Partners, LP Energy	Added	1,710,098	+61,156	$75,877,048	+5.2%	2.13%
EWBC	East West Bancorp Inc Financial Services	Reduced	606,850	-5,620	$75,206,920	−4.9%	2.11%
MDT	Medtronic plc Healthcare	Reduced	848,325	-3,169	$73,201,964	+9.9%	2.06%
SUN	Sunoco LP Energy	Added	977,324	+3,215	$71,217,599	+8.3%	2.00%
PAA	Plains All American Pipeline LP Energy	Added	2,995,025	+2,601	$71,041,993	+6.7%	1.99%
TRGP	Targa Resources Corp. Energy	Added	252,460	+10,543	$68,242,462	+5.2%	1.92%
LAMR	Lamar Advertising Co Real Estate	Reduced	465,454	-4,009	$67,076,575	−8.4%	1.88%
STT	State Street Corp Financial Services	Reduced	374,541	-128,755	$65,391,113	−23.4%	1.84%
WMB	Williams Companies, Inc. Energy	Added	946,256	+40,322	$64,317,020	−4.5%	1.81%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Reduced	1,360,923	-72,879	$64,058,645	+13.1%	1.80%
EXC	Exelon Corp Utilities	Reduced	1,574,164	-46,266	$63,596,225	−15.8%	1.79%
ETR	Entergy Corp Utilities	Reduced	624,746	-2,992	$62,012,287	−14.0%	1.74%
VZ	Verizon Communications Inc Communication Services	Reduced	1,335,816	-3,024	$61,273,879	+8.1%	1.72%
C	Citigroup Inc Financial Services	Reduced	468,713	-2,561	$60,688,959	−8.0%	1.70%
CSCO	Cisco Systems, Inc. Technology	Reduced	563,082	-5,176	$60,604,515	−9.2%	1.70%
COP	Conocophillips Energy	Reduced	475,944	-131,822	$59,564,391	−5.7%	1.67%
HESM	Hess Midstream LP Energy	Added	1,586,630	+28,499	$59,292,363	+1.2%	1.67%
GILD	Gilead Sciences, Inc. Healthcare	Reduced	389,619	-2,503	$58,072,711	+17.2%	1.63%
MTB	M&T Bank Corp Financial Services	Reduced	263,177	-2,592	$57,267,315	−9.5%	1.61%
GSK	GSK plc Healthcare	Reduced	1,174,089	-7,979	$56,555,867	−8.7%	1.59%
ENB	Enbridge Inc Energy	Added	1,212,807	+46,227	$56,383,397	−10.8%	1.58%
BAC	Bank Of America Corp Financial Services	Reduced	1,027,747	-10,719	$55,940,269	−5.5%	1.57%
USB	US Bancorp \De\ Financial Services	Reduced	964,084	-8,769	$55,685,491	−5.2%	1.56%
KMI	Kinder Morgan, Inc. Energy	Added	1,844,757	+78,396	$55,619,423	−1.5%	1.56%
PSX	Phillips 66 Energy	Reduced	216,695	-76,440	$55,324,400	+11.6%	1.55%
PAYX	Paychex Inc Technology	Added	516,109	+12,486	$50,836,736	+2.7%	1.43%
SNA	Snap-on Inc Industrials	Reduced	139,212	-1,667	$50,582,680	−10.8%	1.42%
CME	Cme Group Inc. Financial Services	Added	192,542	+33,169	$50,442,153	+43.3%	1.42%
KO	Coca Cola Co Consumer Defensive	Reduced	585,636	-7,497	$50,411,546	+4.6%	1.42%
TXN	Texas Instruments Inc Technology	Reduced	174,862	-1,860	$48,977,097	−7.0%	1.38%
GS	Goldman Sachs Group Inc Financial Services	Reduced	52,804	-713	$47,542,609	−12.2%	1.34%
LNG	Cheniere Energy, Inc. Energy	Added	172,915	+6,865	$46,519,322	+17.2%	1.31%
GAP	Gap Inc Consumer Cyclical	Added	1,998,779	+374,739	$45,652,112	+50.5%	1.28%
ELS	Equity Lifestyle Properties Inc Real Estate	Reduced	773,322	-19,206	$45,107,872	−11.7%	1.27%
SUNC	SunocoCorp LLC Energy	Added	613,791	+370,667	$44,892,673	+172.9%	1.26%
RF	Regions Financial Corp Financial Services	Reduced	1,587,281	-13,729	$42,666,113	−11.8%	1.20%
OMC	Omnicom Group Inc. Communication Services	Reduced	575,810	-4,438	$42,396,890	+0.3%	1.19%
NTR	Nutrien Ltd. Basic Materials	Reduced	601,814	-6,326	$42,277,433	+10.4%	1.19%
BRX	Brixmor Property Group Inc. Real Estate	Added	1,515,255	+808,010	$41,821,038	+87.5%	1.17%
ORI	Old Republic International Corp Financial Services	Reduced	1,100,383	-10,551	$41,055,289	−9.7%	1.15%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	155,676	-40,172	$35,951,815	−32.1%	1.01%
PAGP	Plains Gp Holdings LP Energy	Reduced	1,382,129	-13,057	$35,797,141	+5.7%	1.01%
CMS	Cms Energy Corp Utilities	Reduced	547,734	-23,425	$34,551,060	−20.9%	0.97%
HRL	Hormel Foods Corp Consumer Defensive	Reduced	1,659,423	-101,743	$33,088,894	−24.3%	0.93%
NVS	Novartis AG Healthcare	NEW	229,623	NEW	$32,737,351	NEW	0.92%

Showing the top 50 of 156 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.