SEC 13F Intelligence

Managers / Q2 2023 · view latest →

TORTOISE CAPITAL ADVISORS, L.L.C.

CIK 0001280965 · 5901 COLLEGE BOULEVARD, SUITE 400, OVERLAND PARK, KS, 66211-1861 · 913-981-1020

Reported Value
$6.6B
Q2 2023
Positions
148
Filings on Record
35
2019–present window
Filed
Aug 14, 2023
original filing

Summary

Tortoise Capital Advisors, L.L.C. reported $6.6B in U.S.-listed holdings across 148 positions for Q2 2023.

Its largest position, TRGP, represents 9.1% of the portfolio.

Compared with Q1 2023, the fund opened 4 new positions and exited 6.

Portfolio Metrics

Turnover
+7.6%
vs prior filed quarter
Top-10 Concentration
+60.8%
share of reported value
Largest Position
+9.1%
Targa Resources
New / Exited
4 / 6
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $13.7BQ4 ’18Q1 ’19: $16.2BQ2 ’19: $15.3BQ3 ’19: $16.3BQ4 ’19: $15.7BQ4 ’19Q1 ’20: $5.4BQ2 ’20: $6.2BQ3 ’20: $5.0BQ4 ’20: $5.2BQ4 ’20Q1 ’21: $6.0BQ2 ’21: $6.6BQ3 ’21: $6.2BQ4 ’21: $6.6BQ4 ’21Q1 ’22: $7.5BQ2 ’22: $6.4BQ3 ’22: $6.3BQ4 ’22: $6.7BQ4 ’22Q1 ’23: $6.7BQ2 ’23: $6.6BQ3 ’23: $6.6BQ4 ’23: $6.5BQ4 ’23Q1 ’24: $7.2BQ2 ’24: $7.6BQ3 ’24: $7.8BQ4 ’24: $7.8BQ4 ’24Q1 ’25: $8.3BQ2 ’25: $7.7BQ3 ’25: $7.8BQ4 ’25: $7.9BQ4 ’25Q1 ’26: $9.6Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 58.8%MLP: 36.1%Unit: 2.6%Other: 2.3%PUBLIC: 0.1%Other: 0.0%
  • Common Stock · 58.8% · $3.9B
  • MLP · 36.1% · $2.4B
  • Unit · 2.6% · $173M
  • Other · 2.3% · $151M
  • PUBLIC · 0.1% · $5M
  • Other · 0.0% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SOSOUTHERN CONEW+90.3K90.3K+$6M$6M
KGSKodiak Gas Services IncNEW+225.0K225.0K+$4M$4M
SUNSunoco LPNEW+8.3K8.3K+$361,330$361,330
ONTMontrose Environmental GroupNEW+5.0K5.0K+$209,463$209,463
EIXEDISON INTLADDED+198.1K292.2K+$14M$20M
NGLNGL Energy Partners LPADDED+46.7K81.8K+$216,355$318,046
Aptiv PLCADDED+42.2K74.2K+$4M$8M
Sunnova Energy International IADDED+108.8K191.6K+$2M$4M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2023

44 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TRGPTarga Resources Corp.history →cs9.10%$597M7.84M
2LNGCheniere Energy Inc.history →cs8.11%$532M3.49M
3ETEnergy Transfer LPhistory →lp6.78%$444M35.00M
4EPDEnterprise Products Partners LPhistory →lp6.49%$425M15.79M
5MPLXMPLX LPhistory →lp6.34%$416M12.25M
6WMBWILLIAMS COS INChistory →cs5.96%$391M11.99M
7WESWestern Midstream Partners LPhistory →lp4.94%$324M12.20M
8PAAPlains All American Pipelinehistory →lp4.49%$294M20.88M
9WEPMagellan Midstream Partners, LPhistory →lp4.44%$291M4.67M
10KMIKinder Morgan Inchistory →cs4.15%$272M15.81M
11ENBEnbridge Inchistory →cs3.43%$225M6.05M
12OKEONEOK, Inchistory →cs3.10%$203M3.30M
13PAGPEURPlains GP Holdings, L.P.history →cs2.94%$193M13.00M
140E41Enlink Midstream, LLChistory →lp2.64%$173M16.36M
15PPLPembina Pipeline Corporationhistory →cs2.21%$145M4.61M
16XIFRNEXTERA ENERGY PARTNERS LPhistory →lp1.81%$119M2.03M
17NEENEXTERA ENERGY INChistory →cs1.68%$110M1.49M
18HESMHess Midstream LPhistory →cs1.50%$99M3.22M
19TRPTC Energy Corp.history →cs1.31%$86M2.12M
20NSUSDNuStar Energy L.P.history →lp1.02%$67M3.91M
21CEQPUSDCrestwood Equity Partners LPhistory →lp1.01%$66M2.50M
22ETRNUSDEquitrans Midstream Corporationhistory →cs0.96%$63M6.61M
23CWENClearway Energy, Inc.history →cs0.95%$62M2.17M
24AMAntero Midstream Corporationhistory →cs0.84%$55M4.74M
25DTMDT Midstream Inchistory →cs0.71%$46M934.7K
26SRESempra Energyhistory →cs0.70%$46M316.1K
27CEGCONSTELLATION ENERGY CORPhistory →cs0.65%$43M465.0K
28ATLANTICA SUSTAINABLE INFR PLCcs0.52%$34M1.45M
29TE CONNECTIVITY LTDcs0.39%$26M184.7K
30EQTEQT Corphistory →cs0.39%$26M622.1K
31NEXTNextDecade Corporationhistory →cs0.36%$24M2.91M
32DTEDTE ENERGY COhistory →cs0.34%$22M201.2K
33COPConocoPhillipshistory →cs0.32%$21M202.2K
34CQPCheniere Energy Partners LPhistory →lp0.30%$20M431.3K
35KNTKKinetik Holdings Inchistory →cs0.29%$19M550.4K
36RUNSUNRUN INChistory →cs0.29%$19M1.08M
37PXDEURPioneer Natural Resources Cohistory →cs0.28%$19M89.9K
38AEPAMERICAN ELEC PWR CO INChistory →cs0.28%$18M214.5K
39TRANE TECHNOLOGIES PLCcs0.27%$18M93.7K
40XELXcel Energyhistory →cs0.27%$18M284.7K
41ADSKAUTODESK INChistory →cs0.26%$17M81.8K
42GELGenesis Energy L.P.history →lp0.25%$17M1.74M
43DDOMINION ENERGY INChistory →cs0.23%$15M296.6K
44AEEAmeren Corporationhistory →cs0.23%$15M188.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$9.6B108May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$7.9B104Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$7.8B100Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$7.7B73Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$8.3B56May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$7.8B51Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$7.8B105Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$7.6B110Aug 5, 202413F-HRchanges · EDGAR ↗
Q1 2024$7.2B114May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$6.5B140Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$6.6B142Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$6.6B148Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$6.7B153May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$6.7B164Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$6.3B171Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$6.4B216Aug 15, 2022RESTATEMENTchanges · EDGAR ↗
Q1 2022$7.5B203May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$6.6B186Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$6.2B198Nov 4, 202113F-HRchanges · EDGAR ↗
Q2 2021$6.6B184Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$6.0B175May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$5.2B124Feb 16, 2021RESTATEMENTchanges · EDGAR ↗
Q3 2020$5.0B131Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$6.2B117Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$5.4B150May 14, 2020RESTATEMENTchanges · EDGAR ↗
Q4 2019$15.7B149Feb 21, 2020RESTATEMENTchanges · EDGAR ↗
Q3 2019$16.3B151Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$15.3B175Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$16.2B178May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$13.7B179Feb 13, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • Ecofin Advisors Ltd028-12086

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.