SEC 13F Intelligence

Managers / Q4 2019 · view latest →

Tortoise Index Solutions, LLC

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

Reported Value
$462M
Q4 2019
Positions
107
Filings on Record
22
2019–present window
Filed
Feb 14, 2020
original filing

Summary

Tortoise Index Solutions, LLC reported $462M in U.S.-listed holdings across 107 positions for Q4 2019.

Its largest position, KMI, represents 8.0% of the portfolio.

Compared with Q3 2019, the fund opened 1 new position and exited 51.

Portfolio Metrics

Turnover
+2.7%
vs prior filed quarter
Top-10 Concentration
+61.3%
share of reported value
Largest Position
+8.0%
Kinder Morgan
New / Exited
1 / 51
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: 78.8%MLP: 19.7%Unit: 0.7%Other: 0.5%ADR: 0.1%Other: 0.1%
  • Common Stock · 78.8% · $364M
  • MLP · 19.7% · $91M
  • Unit · 0.7% · $3M
  • Other · 0.5% · $2M
  • ADR · 0.1% · $629,000
  • Other · 0.1% · $420,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HESMHess Midstream LPNEW+11.2K11.2K+$255,000$255,000
NBLXUSDNoble Midstream Partners LPADDED+13.0K22.5K+$370,000$598,000
AQUAUSDEvoqua Water Technologies CorpADDED+4.4K8.0K+$90,000$152,000
WMSAdvanced Drainage Systems Inc.ADDED+3.0K5.7K+$136,000$220,000
AMAntero Midstream CorporationADDED+325.9K624.1K+$3M$5M
RXNEURRexnord CorpADDED+7.0K13.6K+$265,000$444,000
XYLXylem Inc.ADDED+7.3K14.6K+$570,000$1M
BPLUSDBuckeye Partners, L.P.SOLD OUT−65.6K0−$3M$0

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

Holdings — Q4 2019

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1KMIKinder Morgan Inchistory →COM8.02%$37M1.75M
2TRPTC Energy Corp.history →COM7.89%$36M683.9K
3ENBEnbridge Inc.history →COM7.87%$36M914.5K
4OKEONEOK, Inc.history →COM7.46%$34M455.8K
5WMBWilliams Companies, Inc.history →COM6.86%$32M1.34M
6EPDEnterprise Products Partners LPhistory →COM6.11%$28M1.00M
7TRGPTarga Resources Corp.history →COM4.32%$20M489.0K
8ETEnergy Transfer LPhistory →COM UT LTD PTN4.30%$20M1.55M
9ATOAtmos Energy Corphistory →COM4.25%$20M175.8K
10PPLPembina Pipeline Corphistory →COM4.23%$20M527.2K
11NINisource Inc.history →COM4.22%$20M701.0K
12LNGCheniere Energy Inc.history →COM4.18%$19M316.2K
13OGSONE Gas, Inc.history →COM2.24%$10M110.5K
14WEPMagellan Midstream Partners, LPhistory →COM UNIT RP LP2.09%$10M154.0K
15NJRNew Jersey Resources Corporationhistory →COM1.94%$9M200.7K
16SRSpire Inc.history →COM1.92%$9M106.8K
17SWXSouthwest Gas Corporationhistory →COM1.88%$9M114.7K
18NFGNational Fuel Gas Cohistory →COM1.82%$8M181.2K
19MPLXMPLX LPhistory →COM UNIT REP LTD1.41%$7M256.8K
20SJIEURSouth Jersey Industries, Inc.history →COM1.38%$6M194.0K
21ETRNUSDEquitrans Midstream Corporationhistory →COM1.24%$6M428.4K
22PAAPlains All American Pipeline,history →UNIT LTD PARTN1.17%$5M294.4K
23AMAntero Midstream Corporationhistory →COM1.02%$5M624.1K
24NWNNorthwest Natural Holding Co.history →COM1.01%$5M63.6K
250E41Enlink Midstream, LLCCOM UNIT REP LTD0.72%$3M543.1K
26CPKChesapeake Utilities CorporationCOM0.71%$3M34.1K
27AROCArchrock, Inc.COM0.58%$3M268.0K
28WESWestern Midstream Partners LPCOM UNIT LP INT0.57%$3M134.4K
29PAGPEURPlains GP Holdings, L.P.LTD PARTNR INT A0.51%$2M125.2K
30PSXPUSDPhillips 66 Partners LPCOM0.51%$2M38.3K
31Tallgrass Energy LPCLASS A SHS0.49%$2M101.4K
32Shell Midstream Partners LPUNIT LTD INT0.38%$2M86.5K
33NSUSDNuStar Energy L.P.UNIT COM0.37%$2M66.2K
34EQMUSDEQM Midstream Partners, LPUNIT LTD PARTN0.36%$2M55.4K
35TCPTC PipeLines, LPUT COM LTD PRT0.33%$2M36.5K
36GELGenesis Energy L.P.UNIT LTD PARTN0.33%$2M74.3K
37DCP Midstream LPCOM UT LTD PTN0.32%$1M60.4K
38AWCAmerican Water Works CompanyCOM0.25%$1M9.4K
39XYLXylem Inc.COM0.25%$1M14.6K
40CQPCheniere Energy Partners LPCOM UNIT0.24%$1M28.2K
41SUNSunoco LPCOM UT REP LP0.23%$1M34.9K
42CEQPUSDCrestwood Equity Partners LPUNIT LTD PARTNER0.22%$1M33.1K
43HEPUSDHolly Energy Partners, L.P.COM UT LTD PTN0.14%$624,00028.2K
44PENTAIR INC.SHS0.13%$611,00013.3K
45USACUSA Compression Partners LPCOMUNIT LTDPAR0.13%$603,00033.2K
46NBLXUSDNoble Midstream Partners LPCOM UNIT REPST0.13%$598,00022.5K
47Cia de Saneamento Basico do EsSPOSORED ADR0.12%$575,00038.2K
48BP Midstream Partners LPUNIT LTD PTNR0.11%$502,00032.1K
49NFENew Fortress Energy LLCCL A SHS RP LLC0.11%$501,00032.0K
50RXNEURRexnord CorpCOM0.10%$444,00013.6K

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 ↗.