How is hedge fund similarity measured?

Similarity is computed from each fund's top conviction holdings in their latest 13F filing. Funds are scored by the overlap of distinctive shared positions (the mega-caps that nearly every fund owns are excluded), so the ranking reflects genuinely shared strategy rather than common index exposure.

Hedge Funds Similar to MILLER HOWARD INVESTMENTS

13F Portfolio OverlapQ2 2026MILLER HOWARD INVESTMENTS portfolio →

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Most similar hedge funds by 13F overlap

MILLER HOWARD INVESTMENTS INC /NY is an institutional investor managing $3.8B across 152 U.S. equity positions as of Q2 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to MILLER HOWARD INVESTMENTS are TORTOISE ADVISORS, L.L.C., Fractal Investments, KAYNE ANDERSON ADVISORS, with shared positions in $MPLX, $EPD, $ET, $TRP, $WES, $WMB. The full ranking of 25 similar funds is below.

#1TORTOISE CAPITAL ADVISORS, L.L.C.Active

Substantial overlap · 13 shared positions

$MPLX $EPD $ET $TRP $WES $WMB

$9.8B

91 positions

#2Fractal Investments LLCActive

Substantial overlap · 12 shared positions

$MPLX $EPD $ET $TRP $WES $WMB

$867M

80 positions

#3KAYNE ANDERSON CAPITAL ADVISORS LPActive

Substantial overlap · 12 shared positions

$MPLX $EPD $ET $TRP $WES $WMB

$5.1B

53 positions

#4Recurrent Investment Advisors LLCActive

Notable overlap · 11 shared positions

$EPD $ET $WES $MPLX $WMB $SUN

$1.6B

71 positions

#5CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENTActive

Notable overlap · 9 shared positions

$MPLX $ET $EPD $TRP $WES $WMB

$2.2B

73 positions

#6CHICKASAW CAPITAL MANAGEMENT LLCSmart money

Notable overlap · 11 shared positions

$MPLX $EPD $ET $WES $WMB $PAA

$2.8B

97 positions

#7Heronetta Management, L.P.Smart money

Notable overlap · 10 shared positions

$MPLX $EPD $ET $WES $WMB $TRGP

$109M

15 positions

#8SL ADVISORS, LLCActive

Notable overlap · 10 shared positions

$EPD $ET $TRP $WES $MPLX $WMB

$57M

32 positions

#9INFRASTRUCTURE CAPITAL ADVISORS, LLCActive

Notable overlap · 10 shared positions

$MPLX $EPD $ET $WES $PAA $SUN

$1.7B

185 positions

#10EAGLE GLOBAL ADVISORS LLCActive

Notable overlap · 9 shared positions

$MPLX $EPD $ET $WMB $TRGP $PAA

$3.0B

277 positions

#11Blackstone Inc.Active

Notable overlap · 11 shared positions

$EPD $MPLX $ET $WMB $TRGP $ENB

$32.9B

518 positions

#12Addis & Hill, IncSmart money

Notable overlap · 8 shared positions

$MPLX $EPD $ET $EXC $WMB $TRGP

$181M

29 positions

#13Energy Income Partners, LLCActive

Notable overlap · 8 shared positions

$MPLX $EPD $ET $ETR $SUN $WMB

$6.4B

88 positions

#14ALPS ADVISORS INCActive

Notable overlap · 10 shared positions

$MPLX $EPD $ET $WES $PAA $SUN

$21.3B

1,170 positions

#15RR Advisors, LLCActive

Notable overlap · 8 shared positions

$MPLX $EPD $ET $WES $WMB $TRGP

$346M

25 positions

#16LONGFELLOW INVESTMENT MANAGEMENT CO LLCPassive

Notable overlap · 7 shared positions

$MPLX $EPD $ET $WES $PAA $HESM

$489M

244 positions

#17Catalyst Capital Advisors LLCActive

Notable overlap · 11 shared positions

$ET $TRGP $MPLX $WES $WMB $EPD

$6.0B

369 positions

#18Sovereign Investment Advisors, LLCActive

Notable overlap · 7 shared positions

$MPLX $EPD $WES $TRP $PAA $SUN

$533M

109 positions

#19Adams Asset Advisors, LLCActive

Notable overlap · 8 shared positions

$ET $WES $EPD $PAA $C $SUN

$882M

88 positions

#20WALNUT PRIVATE EQUITY PARTNERS, LLCSmart money

Notable overlap · 6 shared positions

$MPLX $EPD $ET $WMB $PAA $SUN

$185M

15 positions

#21WESTWOOD HOLDINGS GROUP INCPassive

Notable overlap · 9 shared positions

$ET $EPD $WMB $KMI $ENB $TRGP

$13.3B

626 positions

#22Arrow Investment Advisors, LLCActive

Notable overlap · 8 shared positions

$WES $MPLX $PAA $SUN $ET $EPD

$103M

75 positions

#23ELCO Management Co., LLCPassive

Notable overlap · 8 shared positions

$ET $MPLX $WMB $PAA $TRGP $WES

$232M

174 positions

#24SKBA CAPITAL MANAGEMENT LLCPassive

Notable overlap · 8 shared positions

$MDT $C $COP $USB $VZ $KMI

$606M

79 positions

#25Verity & Verity, LLCActive

Notable overlap · 8 shared positions

$STT $ENB $VZ $CNQ $TXN $GILD

$1.5B

138 positions

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Similarity is derived from each fund’s latest 13F-HR filing with the SEC. Funds are ranked by the overlap of distinctive conviction holdings; near-universal mega-cap positions are excluded so the ranking reflects shared strategy, not common index exposure. Data is informational only and not investment advice.