MILLER HOWARD INVESTMENTS INC /NY

Q4 2025 13F-HR Holdings

Location
Kingston, NY
Holdings as of
12/31/2025
Date filed
1/27/2026
Form type
13F-HR
Num holdings
140
Total value ($000)
$3,313,348
Net value change ($000)
+34,064 (1.0%)
New positions
12
Sold out positions
7
Turnover %
5.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/24/2025 Next filing: 4/20/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
DVY 62,878 740.2%
OMC 45,978 9866.5%
RF 42,929 NEW
MTB 42,817 NEW
GAP 20,561 NEW
EMN 17,411 96.6%
MPLX 10,780 9.6%
JNJ 9,746 10.1%
CSCO 9,547 11.2%
GSK 8,814 12.3%
Top Reduces (Value $000, Stocks/ETFs)
JPM -48,441 -95.4%
IPG -48,315 -100.0%
JEF -32,395 -94.8%
VZ -28,757 -46.9%
PAYX -26,436 -38.3%
VICI -21,603 -32.7%
BK -20,976 -31.9%
CMCSA -13,898 -33.8%
LNG -12,440 -28.5%
HRB -12,162 -42.9%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type