Miller Howard Investments Trims Stake in Genesis Energy

Investment firm reduces holdings in pipeline company by 3.6% in Q4 2025

Apr. 20, 2026 at 10:24am

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A highly detailed, black-and-white close-up image of industrial pipeline valves, gauges, and other heavy machinery, conveying the physical scale and complexity of energy infrastructure.An extreme close-up of the complex machinery and equipment that powers the energy pipeline network, reflecting the capital-intensive nature of the industry.Houston Today

Miller Howard Investments Inc. NY reduced its position in Genesis Energy, L.P. (NYSE:GEL) by 3.6% in the fourth quarter of 2025, according to a recent 13F filing with the Securities and Exchange Commission. The investment firm now owns 1,977,044 shares of the pipeline company's stock, or 1.61% of the total shares outstanding.

Why it matters

This filing provides insight into the investment decisions of Miller Howard Investments, a prominent institutional investor. Changes in major shareholders' positions can signal shifts in market sentiment or confidence around a company's prospects.

The details

According to the 13F, Miller Howard Investments sold 74,396 shares of Genesis Energy during the fourth quarter. The firm now owns a $30.8 million stake in the pipeline company. Other notable institutional investors in Genesis Energy include MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., which owns a 6.4 million share position, and Hilltop Holdings Inc., which holds 47,850 shares.

  • The 13F filing covers the fourth quarter of 2025, which ended on December 31, 2025.
  • Miller Howard Investments reduced its Genesis Energy stake during the three-month period from October 1 to December 31, 2025.

The players

Miller Howard Investments Inc. NY

A prominent institutional investor that manages a diversified portfolio of energy and infrastructure assets.

Genesis Energy, L.P.

A publicly traded master limited partnership headquartered in Houston, Texas that owns and operates a portfolio of energy infrastructure assets in the United States.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

An investment management firm that owns a sizable stake in Genesis Energy.

Hilltop Holdings Inc.

A financial services holding company that maintains a position in Genesis Energy.

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The takeaway

This filing highlights the shifting dynamics within Genesis Energy's shareholder base, as one of its larger institutional investors reduced its position during the fourth quarter. While the reasons behind Miller Howard's decision are not explicitly stated, the move could signal broader market trends or changes in the firm's investment strategy.