SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Tortoise Index Solutions, LLC

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

Reported Value
$524M
Q1 2023
Positions
66
Filings on Record
22
2019–present window
Filed
May 11, 2023
original filing

Summary

Tortoise Index Solutions, LLC reported $524M in U.S.-listed holdings across 66 positions for Q1 2023.

Its largest position, ENB, represents 7.5% of the portfolio.

Compared with Q4 2022, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+50.6%
vs prior filed quarter
Top-10 Concentration
+59.1%
share of reported value
Largest Position
+7.5%
Enbridge
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: 80.7%MLP: 17.9%Unit: 1.1%Other: 0.4%
  • Common Stock · 80.7% · $423M
  • MLP · 17.9% · $94M
  • Unit · 1.1% · $6M
  • Other · 0.4% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
STNStantec Inc.NEW+24.3K24.3K+$1M$1M
CWTCalifornia Water Service GroupNEW+12.0K12.0K+$700,553$700,553
SJIEURSouth Jersey Industries, Inc.SOLD OUT−266.2K0−$667,544$0
IEXIDEX CorporationTRIMMED−7.5K8.7K+$1M$2M
PENTAIR INCTRIMMED−16.0K34.8K+$1M$2M
WMSAdvanced Drainage Systems IncTRIMMED−5.8K14.0K−$444,704$1M
AOSA O SMITHTRIMMED−11.5K27.9K−$327,170$2M
WTSWatts Water Technologies, Inc.TRIMMED−2.4K6.0K−$224,899$1M

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

Holdings — Q1 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ENBEnbridge Inchistory →cs7.52%$39M1.03M
2KMIKinder Morgan Inchistory →cs7.49%$39M2.24M
3WMBWILLIAMS COS INChistory →cs7.44%$39M1.31M
4LNGCheniere Energy Inc.history →cs7.29%$38M242.6K
5TRPTC Energy Corp.history →cs7.26%$38M978.7K
6OKEONEOK, Inchistory →cs6.13%$32M505.8K
7NINisource Inchistory →cs4.06%$21M761.6K
8ATOAtmos Energy Corphistory →cs4.02%$21M187.7K
9EPDEnterprise Products Partners L.P.history →lp4.00%$21M810.6K
10PPLPembina Pipeline Corphistory →cs3.87%$20M626.5K
11TRGPTarga Resources Corp.history →cs3.84%$20M275.9K
12ETEnergy Transfer LPhistory →lp3.81%$20M1.60M
13MPLXMPLX LPhistory →lp2.49%$13M378.2K
14WEPMagellan Midstream Partners, LPhistory →lp2.22%$12M214.6K
15NFGNational Fuel Gas Cohistory →cs2.15%$11M195.7K
16NJRNew Jersey Resources Corporationhistory →cs2.10%$11M206.5K
17OGSONE Gas, Inc.history →cs1.74%$9M115.4K
18SWXSouthwest Gas Corporationhistory →cs1.65%$9M138.9K
19SRSpire Inchistory →cs1.50%$8M112.0K
20AMAntero Midstream Corporationhistory →cs1.43%$7M713.9K
21PAAPlains All American Pipelinehistory →lp1.11%$6M468.0K
220E41Enlink Midstream, LLChistory →lp1.09%$6M524.9K
23ETRNUSDEquitrans Midstream Corporationhistory →cs1.02%$5M922.4K
24WESWestern Midstream Partners LPhistory →lp1.01%$5M201.6K
25DTMDT Midstream Inccs0.95%$5M101.3K
26CPKChesapeake Utilities Corporationcs0.92%$5M37.8K
27DCP Midstream LPlp0.76%$4M96.0K
28AWCAMERICAN WATER WORKS COcs0.73%$4M26.3K
29ECLEcolab Inc.cs0.72%$4M22.8K
30NWNNorthwest Natural Holding Co.cs0.68%$4M74.8K
31XYLXylem Inc.cs0.60%$3M30.1K
32NFENew Fortress Energy Inc.cs0.57%$3M102.3K
33AROCArchrock, Inc.cs0.53%$3M285.2K
34PAGPEURPlains GP Holdings, L.P.cs0.51%$3M203.5K
35SUNSunoco LPlp0.48%$3M57.9K
36CEQPUSDCrestwood Equity Partners LPlp0.39%$2M81.1K
37IEXIDEX Corporationcs0.38%$2M8.7K
38WTRGEssential Utilities Inccs0.38%$2M45.7K
39AOSA O SMITHcs0.37%$2M27.9K
40PENTAIR INCcs0.37%$2M34.8K
41CQPCheniere Energy Partners LPlp0.35%$2M38.5K
42TTEKTetra Tech, Inc.cs0.33%$2M11.6K
43NSUSDNuStar Energy L.P.lp0.31%$2M102.8K
44KNTKKinetik Holdings Inccs0.28%$1M46.7K
45STNStantec Inc.cs0.27%$1M24.3K
46HESMHess Midstream LPcs0.25%$1M46.1K
47AQUAUSDEvoqua Water Technologies Corpcs0.25%$1M26.7K
48GELGenesis Energy L.P.lp0.25%$1M116.8K
49WMSAdvanced Drainage Systems Inccs0.22%$1M14.0K
50USACUSA Compression Partners LPlp0.22%$1M53.4K

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 ↗.