SEC 13F Intelligence

Managers / Q1 2024

Tortoise Index Solutions, LLC

CIK 0001650373 · 5901 COLLEGE BOULEVARD, SUITE 400, OVERLAND PARK, KS, 66211-1861 · 913-981-1020

Reported Value
$497M
Q1 2024
Positions
64
Filings on Record
22
2019–present window
Filed
May 10, 2024
original filing

Summary

Tortoise Index Solutions, LLC reported $497M in U.S.-listed holdings across 64 positions for Q1 2024.

Its largest position, WMB, represents 7.6% of the portfolio.

Compared with Q4 2023, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+1.4%
vs prior filed quarter
Top-10 Concentration
+58.7%
share of reported value
Largest Position
+7.6%
Williams Cos Inc Com
New / Exited
2 / 1
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: $263MQ4 ’18Q1 ’19: $336MQ2 ’19: $338MQ3 ’19: $332MQ3 ’19Q4 ’19: $462MQ1 ’20: $245MQ2 ’20: $287MQ2 ’20Q3 ’20: $260MQ4 ’20: $354MQ1 ’21: $416MQ1 ’21Q2 ’21: $478MQ3 ’21: $421MQ4 ’21: $454MQ4 ’21Q1 ’22: $554MQ2 ’22: $531MQ3 ’22: $515MQ3 ’22Q4 ’22: $572MQ1 ’23: $524MQ2 ’23: $490MQ2 ’23Q3 ’23: $481MQ4 ’23: $538MQ1 ’24: $497MQ1 ’24filingsflow.com

Portfolio Composition

By security type
Common Stock: 81.8%MLP: 16.6%Unit: 1.1%Other: 0.5%
  • Common Stock · 81.8% · $407M
  • MLP · 16.6% · $83M
  • Unit · 1.1% · $5M
  • Other · 0.5% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VLTOVeralto CorpNEW+30.7K30.7K+$3M$3M
ONTMontrose Environmental GroupNEW+5.4K5.4K+$213,241$213,241
AWRAmerican States Water CompanySOLD OUT−7.3K0−$589,639$0
CNMCore & Main IncADDED+8.8K33.4K+$919,836$2M
KNTKKinetik Holdings IncADDED+14.2K58.3K+$850,689$2M
TRGPTarga Resources Corp.TRIMMED−66.8K179.8K−$1M$20M
OKEONEOK, IncTRIMMED−125.2K453.3K−$4M$36M
MPLXMPLX LPTRIMMED−99.9K363.4K−$2M$15M

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

Holdings — Q1 2024

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WMBWILLIAMS COS INC COMhistory →cs7.55%$38M962.7K
2OKEONEOK, Inchistory →cs7.31%$36M453.3K
3ENBEnbridge Inchistory →cs7.31%$36M1.00M
4TRPTC Energy Corp.history →cs7.11%$35M878.3K
5LNGCheniere Energy Inc.history →cs7.02%$35M216.2K
6KMIKinder Morgan Inchistory →cs6.63%$33M1.79M
7TRGPTarga Resources Corp.history →cs4.05%$20M179.8K
8EPDEnterprise Products Partners Lhistory →lp3.93%$20M669.9K
9ETEnergy Transfer LPhistory →lp3.92%$19M1.24M
10ATOAtmos Energy Corphistory →cs3.90%$19M162.8K
11NINisource Inchistory →cs3.85%$19M691.8K
12PPLPembina Pipeline Corphistory →cs3.79%$19M533.7K
13MPLXMPLX LPhistory →lp3.04%$15M363.4K
14ETRNUSDEquitrans Midstream Corporatiohistory →cs1.82%$9M725.1K
15PAAPlains All American Pipeline,history →lp1.67%$8M472.5K
16NFGNational Fuel Gas Cohistory →cs1.67%$8M154.2K
17AMAntero Midstream Corporationhistory →cs1.61%$8M570.0K
18SWXSouthwest Gas Corporationhistory →cs1.54%$8M100.5K
19NJRNew Jersey Resources Corporatihistory →cs1.42%$7M164.5K
20WESWestern Midstream Partners LPhistory →lp1.41%$7M196.8K
21DTMDT Midstream Inchistory →cs1.24%$6M100.6K
22OGSONE Gas, Inc.history →cs1.21%$6M92.8K
23SRSpire Inchistory →cs1.14%$6M92.0K
240E41Enlink Midstream, LLChistory →lp1.09%$5M397.6K
25AROCArchrock, Inc.cs0.91%$5M229.8K
26ECLEcolab Inc.cs0.81%$4M17.4K
27CPKChesapeake Utilities Corporatics0.80%$4M37.2K
28XYLXylem Inc.cs0.80%$4M30.9K
29PAGPEURPlains GP Holdings, L.P.cs0.75%$4M203.7K
30SUNSunoco LPlp0.70%$3M57.5K
31NFENew Fortress Energy Inc.cs0.68%$3M109.8K
32AWCAMERICAN WTR WKS CO INC NEW COcs0.67%$3M27.3K
33HESMHess Midstream LPlp0.60%$3M82.8K
34NSUSDNuStar Energy L.P.lp0.55%$3M117.5K
35VLTOVeralto Corpcs0.55%$3M30.7K
36KNTKKinetik Holdings Inccs0.47%$2M58.3K
37NWNNorthwest Natural Holding Co.cs0.46%$2M61.5K
38PENTAIR INCcs0.45%$2M26.3K
39WMSAdvanced Drainage Systems Inccs0.44%$2M12.7K
40AOSA O SMITHcs0.43%$2M24.1K
41IEXIDEX Corporationcs0.43%$2M8.8K
42CQPCheniere Energy Partners LPlp0.39%$2M39.2K
43TTEKTetra Tech, Inc.cs0.39%$2M10.5K
44CNMCore & Main Inccs0.39%$2M33.4K
45STNStantec Inc.cs0.37%$2M22.4K
46WTRGEssential Utilities Inccs0.37%$2M49.3K
47USACUSA Compression Partners LPlp0.33%$2M61.2K
48GELGenesis Energy L.P.lp0.26%$1M115.5K
49GLPGlobal Partners LPlp0.26%$1M28.6K
50WTSWatts Water Technologies, Inc.cs0.23%$1M5.4K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2024$497M64May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$538M63Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$481M65Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$490M65Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$524M66May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$572M65Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$515M79Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$531M110Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$554M108May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$454M111Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$421M109Nov 4, 202113F-HRchanges · EDGAR ↗
Q2 2021$478M101Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$416M88May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$354M108Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$260M104Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$287M75Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$245M107May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$462M107Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$332M157Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$338M161Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$336M162May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$263M87Feb 13, 201913F-HRchanges · EDGAR ↗

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 ↗.