1y return+17.2%S&P 500 +20.9%
3y return+46.4%S&P 500 +68.5%
5y return+50.8%S&P 500 +74.5%
10y return+82.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $183 against $357 in the S&P 500.2
Miller Howard Investments Inc /nyS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MPLXMplx LP Com Unit Rep Ltd | $131.0M | 3.5% | +3.8% |
| EPDEnterprise Prods Partners L P | $118.1M | 3.1% | +1.6% |
| JNJJohnson & Johnson Com | $102.5M | 2.7% | |
| ETEnergy Transfer L P Com Ut Ltd | $101.6M | 2.7% | +1.9% |
| ABBVAbbvie Inc Com | $99.8M | 2.6% | |
| STTState Str Corp Com | $85.4M | 2.3% | −15.5% |
| TRPTc Energy Corp Com | $84.2M | 2.2% | −1.9% |
| EWBCEast West Bancorp Inc Com | $79.1M | 2.1% | |
| EXCExelon Corp Com | $75.5M | 2.0% | −3.8% |
| LAMRLamar Advertising Co New Cl A | $73.2M | 1.9% | |
| WESWestern Midstream Partners LP | $72.2M | 1.9% | +4.0% |
| ETREntergy Corp New Com | $72.1M | 1.9% | +1.4% |
| WMBWilliams Cos Inc Com | $67.3M | 1.8% | +4.1% |
| CSCOCisco Sys Inc Com | $66.7M | 1.8% | −1.0% |
| Medtronic PLC ShsCUSIP G5960L103 | $66.6M | 1.8% | +19.1% |
| PAAPlains All Amern Pipeline L P | $66.6M | 1.8% | +6.8% |
| CCitigroup Inc Com New | $66.0M | 1.8% | |
| SUNSunoco Lp/sunoco Fin Corp Com | $65.8M | 1.7% | +19.3% |
| TRGPTarga Res Corp Com | $64.9M | 1.7% | +4.9% |
| MTBM & T Bk Corp Com | $63.3M | 1.7% | +24.8% |
| ENBEnbridge Inc Com | $63.2M | 1.7% | |
| COPConocophillips Com | $63.2M | 1.7% | |
| GSKGsk PLC Sponsored Adr | $62.0M | 1.6% | −27.5% |
| BACBank America Corp Com | $59.2M | 1.6% | |
| USBUs Bancorp Del Com New | $58.8M | 1.6% | +22.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| TRGPTarga Res Corp Com | December 31, 2020 | +916.5% | $64.9M |
| CNQCanadian Nat Res Ltd Com | September 30, 2020 | +393.4% | $56.6M |
| WESWestern Midstream Partners LP | June 30, 2020 | +335.9% | $72.2M |
| WMBWilliams Cos Inc Com | June 30, 2020 | +290.8% | $67.3M |
| MPLXMplx LP Com Unit Rep Ltd | June 30, 2020 | +226.0% | $131.0M |
| GSGoldman Sachs Group Inc Com | December 31, 2022 | +194.5% | $54.1M |
| ETEnergy Transfer L P Com Ut Ltd | June 30, 2020 | +168.6% | $101.6M |
| ABBVAbbvie Inc Com | June 30, 2020 | +156.3% | $99.8M |
| PAAPlains All Amern Pipeline L P | June 30, 2020 | +151.8% | $66.6M |
| CSCOCisco Sys Inc Com | December 31, 2022 | +146.6% | $66.7M |
Sold off last quarter
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +2.2% | +14.8% |
| March 31, 2026 | +9.6% | −4.6% |
| December 31, 2025 | +1.1% | +2.4% |
| September 30, 2025 | +3.5% | +7.8% |
| June 30, 2025 | −0.8% | +10.5% |
| March 31, 2025 | +3.9% | −4.6% |
| December 31, 2024 | +1.1% | +2.1% |
| September 30, 2024 | +8.0% | +5.4% |
| June 30, 2024 | −0.6% | +4.0% |
| March 31, 2024 | +7.5% | +10.0% |
| December 31, 2023 | +5.8% | +11.2% |
| September 30, 2023 | −2.0% | −3.6% |
| June 30, 2023 | +0.8% | +8.3% |
| March 31, 2023 | −0.6% | +7.0% |
| December 31, 2022 | +12.9% | +7.1% |
| September 30, 2022 | −3.9% | −5.3% |
| June 30, 2022 | −11.5% | −16.5% |
| March 31, 2022 | +3.2% | −4.9% |
| December 31, 2021 | +6.3% | +10.7% |
| September 30, 2021 | −2.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Miller Howard Investments Inc /ny Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=903947&type=13F-HR&dateb=&owner=include&count=40CIK 903947
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/903947/000090394726000003/Filed July 31, 2026 · accession 0000903947-26-000003