SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Tortoise Index Solutions, LLC

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

Reported Value
$416M
Q1 2021
Positions
88
Filings on Record
22
2019–present window
Filed
May 17, 2021
original filing

Summary

Tortoise Index Solutions, LLC reported $416M in U.S.-listed holdings across 88 positions for Q1 2021.

Its largest position, KMI, represents 7.9% of the portfolio.

Compared with Q4 2020, the fund opened 3 new positions and exited 23.

Portfolio Metrics

Turnover
+0.9%
vs prior filed quarter
Top-10 Concentration
+60.4%
share of reported value
Largest Position
+7.9%
Kinder Morgan
New / Exited
3 / 23
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: 79.9%MLP: 18.8%Other: 0.6%Unit: 0.5%Ltd Part: 0.1%Other: 0.1%
  • Common Stock · 79.9% · $333M
  • MLP · 18.8% · $78M
  • Other · 0.6% · $3M
  • Unit · 0.5% · $2M
  • Ltd Part · 0.1% · $356,000
  • Other · 0.1% · $343,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ECLEcolab Inc.NEW+11.9K11.9K+$3M$3M
IEXIDEX CorporationNEW+8.2K8.2K+$2M$2M
BCBUSDPrimo Water CorpNEW+22.0K22.0K+$359,000$359,000
TCPTC PipeLines, LPSOLD OUT41.3K0$1M$0
SRLPUSDSprague Resources, LPSOLD OUT8.0K0$152,000$0
MSEXMiddlesex Water CoSOLD OUT2.0K0$147,000$0
VYXNcr CorpSOLD OUT3.2K0$121,000$0
TSAAci Worldwide IncSOLD OUT2.9K0$112,000$0

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

Holdings — Q1 2021

50 positions
#IssuerClass% PortfolioValueShares
1KMIKinder Morgan Inchistory →cs7.94%$33M1.99M
2ENBEnbridge Inchistory →cs7.85%$33M898.3K
3TRPTC Energy Corp.history →cs7.70%$32M700.8K
4WMBWilliams Companies, Inchistory →cs7.49%$31M1.32M
5EPDEnterprise Products Partners LPhistory →lp6.52%$27M1.23M
6OKEONEOK, Inchistory →cs5.87%$24M482.4K
7ATOAtmos Energy Corphistory →cs4.50%$19M189.4K
8NINisource Inchistory →cs4.46%$19M770.3K
9LNGCheniere Energy Inc.history →cs4.02%$17M232.5K
10PPLPembina Pipeline Corphistory →cs4.02%$17M579.3K
11ETEnergy Transfer LPhistory →lp3.69%$15M2.00M
12TRGPTarga Resources Corp.history →cs3.42%$14M448.6K
13NFGNational Fuel Gas Cohistory →cs2.15%$9M178.8K
14OGSONE Gas, Inc.history →cs1.93%$8M104.4K
15WEPMagellan Midstream Partners, L.P.history →lp1.87%$8M179.8K
16SWXSouthwest Gas Corporationhistory →cs1.85%$8M112.2K
17NJRNew Jersey Resources Corporationhistory →cs1.81%$8M188.7K
18SRSpire Inchistory →cs1.80%$7M101.3K
19MPLXMPLX LPhistory →lp1.75%$7M283.9K
20ETRNUSDEquitrans Midstream Corporationhistory →cs1.57%$7M800.0K
21AMAntero Midstream Corporationhistory →cs1.22%$5M561.2K
22SJIEURSouth Jersey Industries, Inc.history →cs1.07%$4M197.3K
23CPKChesapeake Utilities Corporationcs0.96%$4M34.3K
24PAAPlains All American Pipelinelp0.80%$3M366.3K
25NWNNorthwest Natural Holding Co.cs0.78%$3M60.0K
26AWCAmerican Water Works Companycs0.68%$3M19.0K
27WESWestern Midstream Partners LPlp0.67%$3M149.7K
28ECLEcolab Inc.cs0.61%$3M11.9K
29AROCArchrock, Inc.cs0.57%$2M251.7K
300E41Enlink Midstream, LLCcs0.52%$2M509.4K
31XYLXylem Inc.cs0.49%$2M19.6K
32CQPCheniere Energy Partners LPlp0.47%$2M46.8K
33IEXIDEX Corporationcs0.41%$2M8.2K
34DCP Midstream LPlp0.38%$2M73.8K
35NFENew Fortress Energy Inc.cs0.38%$2M34.2K
36PSXPUSDPhillips 66 Partners LPlp0.36%$2M47.8K
37PAGPEURPlains GP Holdings, L.P.cs0.35%$1M156.3K
38PENTAIR INCcs0.34%$1M22.9K
39SUNSunoco LPlp0.33%$1M43.6K
40WTRGEssential Utilities Inccs0.33%$1M30.7K
41NSUSDNuStar Energy L.P.lp0.32%$1M79.1K
42Shell Midstream Partners LPlp0.31%$1M98.2K
43AOSA O SMITHcs0.30%$1M18.6K
44CEQPUSDCrestwood Equity Partners LPlp0.28%$1M41.3K
45TTEKTetra Tech, Inc.cs0.24%$1M7.4K
46GELGenesis Energy L.P.lp0.20%$840,00089.9K
47RXNEURRexnord Corpcs0.19%$776,00016.5K
48HEPUSDHolly Energy Partners, L.P.lp0.17%$705,00036.9K
49USACUSA Compression Partners LPlp0.15%$616,00040.2K
50PYPLPaypal Holdings Inccs0.15%$609,0002.5K

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 ↗.