Miller Howard Investments Inc Q3 2026 Portfolio Activity: Focus on Energy, Healthcare and Consumer Gains
Detailed analysis of Miller Howard's significant stock purchases and sales during the third quarter of 2026.
As reported in their latest filing dated June 30, 2026, Miller Howard Investments Inc saw substantial changes across its portfolio. The investment firm's holdings reflect a dynamic approach to capital allocation during this period.
Focused Growth in Energy and Utilities Sectors
The investor maintained a strong focus on the Energy sector, which continues to be one of their largest allocations at 37.65% as of June 30th. Key holdings like MPLX LP COM UNIT REP LTD (MPLX) and ET (ENERGY TRANSFER L P UT LTD) showed positive share changes during the quarter.
MPLX, representing approximately 3.48% of the portfolio, experienced a modest increase in shares held (+232,5809 units from prior period), while ET saw its allocation percentage rise slightly to 2.7%. Both companies are prominent players within the energy industry.
Within Utilities, TRP (TC ENERGY CORP COM) maintained its position at around 2.23% despite a slight decrease in shares (-187,000). This suggests ongoing confidence from Miller Howard in this utility stock's long-term prospects.
Strategic Consumer and Healthcare Acquisitions
The investor also demonstrated interest in the Healthcare sector during Q3. ABBV (ABBVIE INC COM) saw its portfolio allocation increase from 0.19% to 2.65%, while GSK PLC SPONSORED ADR (GSK) grew from a negligible position to 8.61%. Both companies are major names in the pharmaceutical and healthcare space.
Furthermore, significant gains were noted in Consumer Defensive holdings. HRL (HORMEL FOODS CORP) increased by over 237,000 shares (+23.7%), boosting its allocation to nearly 1.16%, while KO (COCA COLA CO COM) added approximately 269,857 shares (+83.48%) raising its percentage slightly above the previous quarter.
Notable Purchases and Sales
The third quarter saw Miller Howard make several notable purchases for the first time in this filing period:
- BRX (BRIXMOR PPTY GROUP INC COM) - Acquired a substantial position of over 707,245 shares (+100.0%), now representing approximately 0.59% of the portfolio.
- GEL (GENESIS ENERGY L P UNIT LTD PA) - Added over 1,423,389 shares (+0.54% allocation), indicating confidence in this mid-cap energy company.
- ORI (OLD REP INTL CORP COM) - Increased its stake by nearly half (-33.03% change, but positive shares), adding about 1.21% allocation.
- PAA (PLAINS ALL AMERICAN PIPELINE L P) - Purchased over 299,000 shares (+6.81%), adding to its allocation percentage.
- SUN (SUNOCO LP/SUNOCO FIN CORP COM) - Acquired nearly 974,000 shares (+19.34%), contributing to its position.
Conversely, the investor divested from several positions:
- BK (BANK NEW YORK MELLON CORP COM) - Sold off almost their entire position (-93.28%), reducing its allocation to just 0.1%.
- CMCSA (COMCAST CORP NEW CL A) - Significantly reduced their stake (-99.13%), exiting this position almost entirely as it now represents less than 0.01%.
- GSK (GSK PLC SPONSORED ADR) - Decreased their holdings by nearly a quarter (-27.45%), though it remains a significant position at over 1.6%.
- MCD (MCDONALD'S CORP) - Increased their stake significantly (+100.0%), adding to the allocation percentage despite being a new position in this filing.
- VZ (VERIZON COMMUNICATIONS INC COM) - Purchased shares (+21.99%), adding to their allocation percentage, though it remains a relatively small position.
- WTTR (SELECT WATER SOLUTIONS INC) - Sold off almost their entire position (-59.38%), reducing its allocation to just 0.06%.
Technology and Other Sectors Show Growth Without Disclosed Changes
The investor's Technology sector holdings, represented by XLU (Utilities) in this data set, grew substantially during the quarter (+19.34%) but did not appear in the Miller Howard's changed holdings list for Q3 2026.
Similarly, other sectors like Consumer Cyclical (MCD), which was a significant buy (+19.58k shares) but not listed in the change data with percentages, and Real Estate (BRX is already included above) show activity that isn't detailed in the specific changes provided here.
Overall Portfolio Dynamics
The portfolio now includes 143 stocks according to this filing's indicators. Miller Howard appears to be actively managing their holdings, with a clear pattern of selling underperforming assets like BK and WTTR while strategically adding positions in companies showing strong growth signals.