SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Tortoise Index Solutions, LLC

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

Reported Value
$572M
Q4 2022
Positions
65
Filings on Record
22
2019–present window
Filed
Feb 13, 2023
original filing

Summary

Tortoise Index Solutions, LLC reported $572M in U.S.-listed holdings across 65 positions for Q4 2022.

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

Compared with Q3 2022, the fund opened 2 new positions and exited 16.

Portfolio Metrics

Turnover
+49.9%
vs prior filed quarter
Top-10 Concentration
+58.8%
share of reported value
Largest Position
+7.6%
Energy Recovery
New / Exited
2 / 16
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: 81.0%MLP: 14.8%Unit: 4.1%Other: 0.2%
  • Common Stock · 81.0% · $463M
  • MLP · 14.8% · $85M
  • Unit · 4.1% · $23M
  • Other · 0.2% · $865,603

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HTOSjw CorpNEW+8.2K8.2K+$2M$2M
PENTAIR INCNEW+50.8K50.8K+$865,603$865,603
Shell Midstream Partners LPSOLD OUT114.5K0$2M$0
PBFXUSDPBF Logistics LPSOLD OUT23.0K0$434,000$0
DOCUDocusign IncSOLD OUT5.5K0$293,000$0
JKHYJack Henry & Associates IncSOLD OUT1.5K0$280,000$0
DFSEURDiscover Financial ServicesSOLD OUT3.0K0$275,000$0
PYPLPaypal Holdings IncSOLD OUT3.2K0$274,000$0

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

Holdings — Q4 2022

50 positions
#IssuerClass% PortfolioValueShares
1ERIIEnergy Recovery Inchistory →cs7.60%$43M17.2K
2KNTKKinetik Holdings Inchistory →cs7.48%$43M45.4K
3WMBWILLIAMS COS INChistory →cs7.42%$42M1.29M
4TTEKTetra Tech, Inc.history →cs7.15%$41M15.3K
5CQPCheniere Energy Partners LPhistory →lp6.40%$37M44.3K
6PPLPembina Pipeline Corphistory →cs6.15%$35M679.0K
7TRPTC Energy Corp.history →cs4.36%$25M1.03M
8ETRNUSDEquitrans Midstream Corporationhistory →cs4.11%$24M940.6K
90E41Enlink Midstream, LLChistory →lp4.05%$23M535.3K
10NWNNorthwest Natural Holding Co.history →cs4.03%$23M76.3K
11BMIBadger Meter, Inc.history →cs3.88%$22M9.0K
12NFGNational Fuel Gas Cohistory →cs2.50%$14M198.8K
13NFENew Fortress Energy Inc.history →cs2.20%$13M104.4K
14ONTMontrose Environmental Grouphistory →cs2.17%$12M8.4K
15KMIKinder Morgan Inchistory →cs1.83%$10M2.37M
16NINisource Inchistory →cs1.81%$10M841.7K
17SWXSouthwest Gas Corporationhistory →cs1.65%$9M134.1K
18OKEONEOK, Inchistory →cs1.56%$9M535.4K
19SRSpire Inchistory →cs1.45%$8M114.1K
20SUNSunoco LPhistory →lp1.37%$8M66.7K
21AMAntero Midstream Corporationhistory →cs1.37%$8M728.0K
22EPDEnterprise Products Partners L.P.history →lp1.15%$7M976.1K
23ECLEcolab Inc.history →cs1.13%$6M29.6K
24PAGPEURPlains GP Holdings, L.P.history →cs1.11%$6M234.4K
25WTRGEssential Utilities Inchistory →cs1.10%$6M48.5K
26WESWestern Midstream Partners LPhistory →lp1.09%$6M232.2K
27GLPGlobal Partners LPlp0.97%$6M33.5K
28FELEFranklin Electric Co Inccs0.78%$4M12.0K
29NJRNew Jersey Resources Corporationcs0.77%$4M209.1K
30AWCAMERICAN WTR WKS COcs0.76%$4M28.4K
31ENBEnbridge Inccs0.75%$4M1.11M
32DKLDelek Logistics Partners LPlp0.75%$4M10.5K
33XYLXylem Inc.cs0.75%$4M38.6K
34NSUSDNuStar Energy L.P.lp0.63%$4M119.4K
35GELGenesis Energy L.P.lp0.63%$4M135.6K
36TRGPTarga Resources Corp.cs0.50%$3M339.7K
37AROCArchrock, Inc.cs0.46%$3M290.9K
38CPKChesapeake Utilities Corporationcs0.44%$3M38.6K
39CAPLCrossAmerica Partners LPlp0.43%$2M22.1K
40AQUAUSDEvoqua Water Technologies Corpcs0.40%$2M37.5K
41PAAPlains All American Pipelinelp0.40%$2M539.1K
42AOSA O SMITHcs0.39%$2M39.4K
43HTOSjw Corpcs0.39%$2M8.2K
44OGSONE Gas, Inc.cs0.33%$2M117.7K
45WMSAdvanced Drainage Systems Inccs0.28%$2M19.8K
46HEPUSDHolly Energy Partners, L.P.lp0.28%$2M55.3K
47EEExcelerate Energy Inc.cs0.26%$1M21.1K
48LNNLindsay Corporationcs0.24%$1M3.4K
49WEPMagellan Midstream Partners, LPlp0.24%$1M247.2K
50WTSWatts Water Technologies, Inc.cs0.22%$1M8.4K

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 ↗.