MILLER HOWARD INVESTMENTS INC /NY
SEC Form 13F institutional filer · CIK 0000903947
13F-HR · 79 reported holdings · 2026-03-31
SEC-registered institutional investment manager.
Reported long-US-equity value
$2.06B
Top-10 concentration
38.9%
MILLER HOWARD INVESTMENTS INC /NY — $2.06B AUM allocation strategy
MILLER HOWARD INVESTMENTS INC /NY files SEC Form 13F and reports $2.06B of long US equity value across 79 reported holdings for 2026-03-31.
Its largest sector bet is Energy 22.1%, followed by Health Care 14.7% and Financials 12.2%.
The top 10 holdings account for 39% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
MILLER HOWARD INVESTMENTS INC /NY — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$2.06B
total across 79 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
39% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$HRL +714K sh · +$15.4M+$CMCSA +369K sh · +$9.53M+$VZ +297K sh · +$22.5M
Biggest trims (shares)
−$CSCO −660K sh · −$50.5M−$IYY −322K sh · −$43.5M−$GILD −262K sh · −$25.6M
Exited to nil (held last quarter, gone now)
$VICI ($44.4M last qtr)$SPY ($3.76M last qtr)$CCI ($2.45M last qtr)$XLE ($1.82M last qtr)$AES ($894K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Oil & Gas Refining & Marketing9.4%—
- Oil & Gas Storage & Transportation8.9%—
- Electric Utilities7.4%—
- Biotechnology6.9%—
- Diversified Banks5.0%—
- Pharmaceuticals4.8%—
- Oil & Gas Exploration & Production3.9%—
- Health Care Equipment3.0%—
- Other holdings50.8%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $MPC | Marathon Petroleum Corporation | 2.29M | $139M | -73.3K | 6.8% |
| $JNJ | Johnson & Johnson | 404K | $98.8M | -108K | 4.8% |
| $ABBV | AbbVie Inc | 398K | $86.6M | -3.29K | 4.2% |
| $EXC | Exelon Corporation | 1.69M | $82.6M | +242K | 4.0% |
| $COP | ConocoPhillips | 610K | $80.5M | +42.4K | 3.9% |
| $ETR | Entergy Corporation | 619K | $69.6M | +523 | 3.4% |
| $WMB | Williams Companies Inc | 870K | $63.3M | -80.4K | 3.1% |
| $MDT | Medtronic plc | 715K | $61.9M | -9.09K | 3.0% |
| $KMI | Kinder Morgan Inc | 1.82M | $61.1M | +57.2K | 3.0% |
| $TRGP | Targa Resources Inc | 231K | $57.8M | +62.7K | 2.8% |
…and 69 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
Newsletter signup
Free subscription. Daily trading day morning dispatch. No spam.