MILLER HOWARD INVESTMENTS INC /NY

KINGSTON, NY · CIK 903947 · 13F filing filed 2024-07-26

SEC-registered investment adviser since 1986 · corporation

Assets managed$3.8bn
Staff34 · 12 in investment roles
Main clients (by assets)Individuals 13%, Mutual funds and ETFs 11%, High net worth individuals 9%
Websitemhinvest.com
Form ADV · 2026-03-17SEC adviser record

Legal entityMILLER/HOWARD INVESTMENTS, INC. (US)

$3.0bn reported value -1.1% vs Q1 2024

192positions

26.9%in top 10

12 new 100 added 72 reduced 12 sold out vs Q1 2024

Also in the report of:

PERSONAL CFO SOLUTIONS, LLC – $2.1m of shares are in both reports
Dorsey & Whitney Trust CO LLC – $451.8k of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2024

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MPLX LP COM UNIT REP LTD MPLX	MPLX	2,571,817	$109.5m3.63%	3.63%	Added +186.1k	+186,084 7.8%
2	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	6,217,181	$100.8m3.35%	3.35%	Added +247.4k	+247,374 4.1%
3	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	3,144,365	$91.1m3.02%	3.02%	Reduced -76.5k	-76,450 -2.4%
4	ABBVIE INC COM ABBV	ABBV	450,670	$77.3m2.56%	2.56%	Reduced -6.2k	-6,179 -1.4%
5	GOLDMAN SACHS GROUP INC COM GS	GS	165,550	$74.9m2.48%	2.48%	Reduced -2.9k	-2,936 -1.7%
6	GILEAD SCIENCES INC COM GILD	GILD	1,068,251	$73.3m2.43%	2.43%	Added +364.2k	+364,204 51.7%
7	COCA COLA CO COM KO	KO	1,149,460	$73.2m2.43%	2.43%	Reduced -17.8k	-17,838 -1.5%
8	OLD REP INTL CORP COM ORI	ORI	2,351,207	$72.7m2.41%	2.41%	Reduced -35.8k	-35,803 -1.5%
9	JOHNSON & JOHNSON COM JNJ	JNJ	470,486	$68.8m2.28%	2.28%	Added +26.4k	+26,432 6.0%
10	JEFFERIES FINL GROUP INC COM JEF	JEF	1,360,614	$67.7m2.25%	2.25%	Reduced -22.5k	-22,509 -1.6%
11	PAYCHEX INC COM PAYX	PAYX	569,316	$67.5m2.24%	2.24%	Reduced -9.5k	-9,487 -1.6%
12	BANK NEW YORK MELLON CORP COM BNY	BNY	1,090,881	$65.3m2.17%	2.17%	Reduced -17.3k	-17,332 -1.6%
13	CANADIAN NAT RES LTD COM CNQ	CNQ	1,722,123	$61.3m2.03%	2.03%	Reduced -90.0k	-89,989 -5.0%
14	JPMORGAN CHASE & CO COM JPM	JPM	298,594	$60.4m2.00%	2.00%	Reduced -6.7k	-6,738 -2.2%
15	MEDTRONIC PLC SHS MDT	MDT	764,254	$60.2m2.00%	2.00%	Added +127.3k	+127,280 20.0%
16	COMCAST CORP NEW CL A CMCSA	CMCSA	1,488,915	$58.3m1.93%	1.93%	Reduced -42.4k	-42,414 -2.8%
17	WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT WES	WES	1,458,530	$57.9m1.92%	1.92%	Added +39.8k	+39,827 2.8%
18	CISCO SYS INC COM CSCO	CSCO	1,214,825	$57.7m1.91%	1.91%	Reduced -110.6k	-110,609 -8.3%
19	LYONDELLBASELL INDUSTRIES N SHS - A - LYB	LYB	592,850	$56.7m1.88%	1.88%	Added +97.6k	+97,601 19.7%
20	TOTALENERGIES SE SPONSORED ADS SPONSORED ADS		831,865	$55.5m1.84%	1.84%	Reduced -9.8k	-9,800 -1.2%
21	ROYAL BK CDA COM RY	RY	504,388	$53.7m1.78%	1.78%	Reduced -7.8k	-7,796 -1.5%
22	EXELON CORP COM EXC	EXC	1,541,009	$53.3m1.77%	1.77%	Reduced -22.2k	-22,231 -1.4%
23	INTERPUBLIC GROUP COS INC COM IPG	IPG	1,772,842	$51.6m1.71%	1.71%	Reduced -55.8k	-55,844 -3.0%
24	MERCK & CO INC COM MRK	MRK	384,847	$47.6m1.58%	1.58%	Reduced -6.3k	-6,301 -1.6%
25	EAST WEST BANCORP INC COM EWBC	EWBC	649,708	$47.6m1.58%	1.58%	Added +152.3k	+152,334 30.6%
26	PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN PAA	PAA	2,548,723	$45.5m1.51%	1.51%	Added +48.8k	+48,799 1.9%
27	TEXAS INSTRS INC COM TXN	TXN	231,527	$45.0m1.49%	1.49%	Reduced -169.4k	-169,388 -42.2%
28	TARGA RES CORP COM TRGP	TRGP	344,299	$44.3m1.47%	1.47%	Added +43.1k	+43,117 14.3%
29	BANK AMERICA CORP COM BAC	BAC	1,105,077	$43.9m1.46%	1.46%	Reduced -17.3k	-17,267 -1.5%
30	PHILLIPS 66 COM PSX	PSX	299,768	$42.3m1.40%	1.40%	Reduced -7.5k	-7,510 -2.4%
31	CONAGRA BRANDS INC COM CAG	CAG	1,446,775	$41.1m1.36%	1.36%	Added +1.2m	+1,214,859 523.8%
32	LAMAR ADVERTISING CO NEW CL A LAMR	LAMR	332,033	$39.7m1.32%	1.32%	Reduced -55.4k	-55,369 -14.3%
33	CMS ENERGY CORP COM CMS	CMS	653,543	$38.9m1.29%	1.29%	Reduced -6.5k	-6,488 -1.0%
34	HOST HOTELS & RESORTS INC COM HST	HST	2,153,826	$38.7m1.28%	1.28%	Reduced -269.1k	-269,135 -11.1%
35	ISHARES TR SELECT DIVID ETF DVY	DVY	315,140	$38.1m1.26%	1.26%	Added +252.2k	+252,150 400.3%
36	ANTERO MIDSTREAM CORP COM AM	AM	2,565,887	$37.8m1.25%	1.25%	Added +397	+397 0.0%
37	WILLIAMS COS INC COM WMB	WMB	863,345	$36.7m1.22%	1.22%	Added +97.0k	+97,010 12.7%
38	ROBERT HALF INC. COM RHI	RHI	552,632	$35.4m1.17%	1.17%	New
39	ONEOK INC NEW COM OKE	OKE	409,382	$33.4m1.11%	1.11%	Added +69.0k	+68,961 20.3%
40	SUNOCO LP/SUNOCO FIN CORP COM UT REP LP SUN	SUN	583,323	$33.0m1.09%	1.09%	Added +146.2k	+146,152 33.4%
41	NUTRIEN LTD COM NTR	NTR	623,037	$31.7m1.05%	1.05%	Added +844	+844 0.1%
42	OGE ENERGY CORP COM OGE	OGE	882,707	$31.5m1.05%	1.05%	Reduced -10.0k	-10,005 -1.1%
43	ENLINK MIDSTREAM LLC COM UNIT REP LTD ENLC	ENLC	2,254,063	$31.0m1.03%	1.03%	Added +93.6k	+93,587 4.3%
44	ENBRIDGE INC COM ENB	ENB	792,116	$28.2m0.94%	0.94%	Added +17.2k	+17,185 2.2%
45	MID-AMER APT CMNTYS INC COM MAA	MAA	196,823	$28.1m0.93%	0.93%	Reduced -655	-655 -0.3%
46	PLAINS GP HLDGS L P LTD PARTNR INT A PAGP	PAGP	1,445,248	$27.2m0.90%	0.90%	Reduced -509.2k	-509,177 -26.1%
47	HESS MIDSTREAM LP CL A SHS HESM	HESM	722,159	$26.3m0.87%	0.87%	Added +36.8k	+36,826 5.4%
48	CARDINAL HEALTH INC COM CAH	CAH	257,794	$25.3m0.84%	0.84%	Reduced -4.5k	-4,463 -1.7%
49	CHENIERE ENERGY INC COM NEW LNG	LNG	143,086	$25.0m0.83%	0.83%	Added +3.6k	+3,634 2.6%
50	TC ENERGY CORP COM TRP	TRP	656,619	$24.9m0.83%	0.83%	Added +131.4k	+131,416 25.0%
51	KINDER MORGAN INC DEL COM KMI	KMI	1,219,377	$24.2m0.80%	0.80%	Added +126.9k	+126,862 11.6%
52	STAG INDL INC COM STAG	STAG	632,960	$22.8m0.76%	0.76%	Reduced -13.3k	-13,283 -2.1%
53	CAMDEN PPTY TR SH BEN INT CPT	CPT	188,887	$20.6m0.68%	0.68%	Added +158	+158 0.1%
54	MSC INDL DIRECT INC CL A MSM	MSM	209,890	$16.6m0.55%	0.55%	Reduced -55.7k	-55,745 -21.0%
55	PEMBINA PIPELINE CORP COM PBA	PBA	425,991	$15.8m0.52%	0.52%	Added +67.7k	+67,737 18.9%
56	EQUITRANS MIDSTREAM CORP COM ETRN	ETRN	1,075,704	$14.0m0.46%	0.46%	Added +40.6k	+40,610 3.9%
57	DT MIDSTREAM INC COMMON STOCK DTM	DTM	180,506	$12.8m0.43%	0.43%	Added +7.3k	+7,282 4.2%
58	KEYERA CORP COM COM COM		391,397	$10.8m0.36%	0.36%	Added +16.2k	+16,227 4.3%
59	NISOURCE INC COM NI	NI	315,015	$9.1m0.30%	0.30%	Reduced -1.6k	-1,619 -0.5%
60	DOMINION ENERGY INC COM D	D	182,413	$8.9m0.30%	0.30%	Reduced -185	-185 -0.1%
61	BEST BUY INC COM BBY	BBY	100,000	$8.4m0.28%	0.28%	New
62	ENTERGY CORP NEW COM ETR	ETR	78,179	$8.4m0.28%	0.28%	Reduced -246	-246 -0.3%
63	CENTERPOINT ENERGY INC COM CNP	CNP	266,195	$8.2m0.27%	0.27%	Reduced -2.1k	-2,127 -0.8%
64	ALTRIA GROUP INC COM MO	MO	180,000	$8.2m0.27%	0.27%	Unchanged
65	SEMPRA COM SRE	SRE	104,069	$7.9m0.26%	0.26%	Reduced -610	-610 -0.6%
66	CONSTELLATION ENERGY CORP COM CEG	CEG	38,813	$7.8m0.26%	0.26%	Reduced -296	-296 -0.8%
67	PPL CORP COM PPL	PPL	280,689	$7.8m0.26%	0.26%	Reduced -1.2k	-1,161 -0.4%
68	NEXTERA ENERGY INC COM NEE	NEE	108,028	$7.6m0.25%	0.25%	Added +13.8k	+13,819 14.7%
69	EDISON INTL COM EIX	EIX	102,879	$7.4m0.25%	0.25%	Added +74.8k	+74,848 267.0%
70	AMERICAN TOWER CORP NEW COM AMT	AMT	35,630	$6.9m0.23%	0.23%	Reduced -586	-586 -1.6%
71	ALLIANCEBERNSTEIN HLDG L P UNIT LTD PARTN AB	AB	204,000	$6.9m0.23%	0.23%	Unchanged
72	BHP GROUP LTD SPONSORED ADS BHP	BHP	120,000	$6.9m0.23%	0.23%	Unchanged
73	PORTLAND GEN ELEC CO COM NEW POR	POR	150,202	$6.5m0.22%	0.22%	Unchanged
74	KINETIK HOLDINGS INC COM NEW CL A KNTK	KNTK	153,380	$6.4m0.21%	0.21%	Added +80.0k	+79,962 108.9%
75	OCCIDENTAL PETE CORP COM OXY	OXY	100,190	$6.3m0.21%	0.21%	Added +2.2k	+2,177 2.2%
76	T-MOBILE US INC COM TMUS	TMUS	35,447	$6.2m0.21%	0.21%	Added +4.2k	+4,172 13.3%
77	CSX CORP COM CSX	CSX	178,836	$6.0m0.20%	0.20%	Reduced -2.6k	-2,618 -1.4%
78	HESS CORP COM HES	HES	40,445	$6.0m0.20%	0.20%	Added +1.1k	+1,058 2.7%
79	PUBLIC SVC ENTERPRISE GRP IN COM PEG	PEG	80,663	$5.9m0.20%	0.20%	Reduced -772	-772 -0.9%
80	MARATHON PETE CORP COM MPC	MPC	34,257	$5.9m0.20%	0.20%	Reduced -20.3k	-20,313 -37.2%
81	APPLE HOSPITALITY REIT INC COM NEW APLE	APLE	400,189	$5.8m0.19%	0.19%	Added +349	+349 0.1%
82	WASTE MGMT INC DEL COM WM	WM	27,268	$5.8m0.19%	0.19%	Reduced -14.0k	-14,001 -33.9%
83	HUNTSMAN CORP COM HUN	HUN	247,273	$5.6m0.19%	0.19%	Reduced -780	-780 -0.3%
84	HCA HEALTHCARE INC COM HCA	HCA	16,874	$5.4m0.18%	0.18%	Reduced -118	-118 -0.7%
85	AMEREN CORP COM AEE	AEE	75,437	$5.4m0.18%	0.18%	Reduced -875	-875 -1.1%
86	REALTY INCOME CORP COM O	O	99,060	$5.2m0.17%	0.17%	Unchanged
87	SUNCOR ENERGY INC NEW COM SU	SU	136,803	$5.2m0.17%	0.17%	Reduced -122.1k	-122,051 -47.1%
88	GIBSON ENERGY INC COM COM COM		305,816	$5.2m0.17%	0.17%	Added +12.7k	+12,663 4.3%
89	UNION PAC CORP COM UNP	UNP	22,789	$5.2m0.17%	0.17%	Reduced -464	-464 -2.0%
90	VALE S A SPONSORED ADS VALE	VALE	455,000	$5.1m0.17%	0.17%	Added +180.0k	+180,000 65.5%
91	CHENIERE ENERGY PARTNERS LP COM UNIT CQP	CQP	99,724	$4.9m0.16%	0.16%	Added +3.1k	+3,065 3.2%
92	EXXON MOBIL CORP COM XOM	XOM	40,944	$4.7m0.16%	0.16%	New
93	NATIONAL GRID PLC SPONSORED ADR NE NGG	NGG	82,655	$4.7m0.16%	0.16%	Reduced -6.9k	-6,935 -7.7%
94	VAIL RESORTS INC COM MTN	MTN	25,000	$4.5m0.15%	0.15%	Unchanged
95	CROWN CASTLE INC COM CCI	CCI	44,555	$4.4m0.14%	0.14%	Reduced -1.2k	-1,200 -2.6%
96	CONOCOPHILLIPS COM COP	COP	37,504	$4.3m0.14%	0.14%	Added +851	+851 2.3%
97	BRITISH AMERN TOB PLC SPONSORED ADR BTI	BTI	135,000	$4.2m0.14%	0.14%	Unchanged
98	HF SINCLAIR CORP COM DINO	DINO	76,392	$4.1m0.14%	0.14%	Added +2.1k	+2,060 2.8%
99	ATMOS ENERGY CORP COM ATO	ATO	30,179	$3.5m0.12%	0.12%	Added +82	+82 0.3%
100	RANGE RES CORP COM RRC	RRC	103,381	$3.5m0.12%	0.12%	Added +2.5k	+2,474 2.5%

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
NUSTAR ENERGY LP NS	NS	829,469	$19.3m829.5k shares
SHELL PLC SHEL	SHEL	80,000	$5.4m80.0k shares
HERCULES CAPITAL INC HTGC	HTGC	270,000	$5.0m270.0k shares
PIONEER NAT RES CO PXD	PXD	17,314	$4.5m17.3k shares
PETROLEO BRASILEIRO SA PETRO PBR	PBR	275,000	$4.2m275.0k shares
ARES CAPITAL CORP ARCC	ARCC	150,000	$3.1m150.0k shares
MAIN STR CAP CORP MAIN	MAIN	62,000	$2.9m62.0k shares
CRACKER BARREL OLD CTRY STOR CBRL	CBRL	40,000	$2.9m40.0k shares
KULICKE & SOFFA INDS INC KLIC	KLIC	11,961	$601.8k12.0k shares
ADECOAGRO S A AGRO	AGRO	29,041	$320.0k29.0k shares
LANTHEUS HLDGS INC LNTH	LNTH	4,490	$279.5k4.5k shares
FRANKLIN ELEC INC FELE	FELE	1,995	$213.1k2.0k shares