SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Tortoise Index Solutions, LLC

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

Reported Value
$490M
Q2 2023
Positions
65
Filings on Record
22
2019–present window
Filed
Aug 14, 2023
original filing

Summary

Tortoise Index Solutions, LLC reported $490M in U.S.-listed holdings across 65 positions for Q2 2023.

Its largest position, WMB, represents 7.8% of the portfolio.

Compared with Q1 2023, the fund opened 1 new position and exited 2.

Portfolio Metrics

Turnover
+1.3%
vs prior filed quarter
Top-10 Concentration
+59.2%
share of reported value
Largest Position
+7.8%
Williams Cos
New / Exited
1 / 2
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: 81.2%MLP: 17.3%Unit: 1.0%Other: 0.4%
  • Common Stock · 81.2% · $398M
  • MLP · 17.3% · $85M
  • Unit · 1.0% · $5M
  • Other · 0.4% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AWRAmerican States Water CompanyNEW+7.8K7.8K+$681,123$681,123
DCP Midstream LPSOLD OUT−96.0K0−$4M$0
AQUAUSDEvoqua Water Technologies CorpSOLD OUT−26.7K0−$1M$0
HESMHess Midstream LPADDED+5.9K52.0K+$260,392$2M
XYLXylem Inc.ADDED+3.8K34.0K+$669,560$4M
WEPMagellan Midstream Partners, LPTRIMMED−24.4K190.2K+$211,024$12M
ATOAtmos Energy CorpTRIMMED−20.8K166.9K−$2M$19M
WMBWILLIAMS COS INCTRIMMED−138.2K1.17M−$894,044$38M

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

Holdings — Q2 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WMBWILLIAMS COS INChistory →cs7.77%$38M1.17M
2LNGCheniere Energy Inc.history →cs7.47%$37M240.2K
3ENBEnbridge Inchistory →cs7.33%$36M967.1K
4KMIKinder Morgan Inchistory →cs7.33%$36M2.09M
5TRPTC Energy Corp.history →cs7.26%$36M880.0K
6OKEONEOK, Inchistory →cs5.96%$29M473.3K
7TRGPTarga Resources Corp.history →cs4.17%$20M268.6K
8EPDEnterprise Products Partners LPhistory →lp4.01%$20M745.5K
9NINisource Inchistory →cs3.98%$20M713.4K
10ATOAtmos Energy Corphistory →cs3.96%$19M166.9K
11ETEnergy Transfer LPhistory →lp3.93%$19M1.52M
12PPLPembina Pipeline Corphistory →cs3.85%$19M600.1K
13WEPMagellan Midstream Partners, LPhistory →lp2.42%$12M190.2K
14MPLXMPLX LPhistory →lp2.35%$12M339.3K
15NFGNational Fuel Gas Cohistory →cs1.87%$9M178.8K
16NJRNew Jersey Resources Corporationhistory →cs1.82%$9M188.8K
17OGSONE Gas, Inc.history →cs1.69%$8M107.9K
18SWXSouthwest Gas Corporationhistory →cs1.66%$8M127.8K
19ETRNUSDEquitrans Midstream Corporationhistory →cs1.65%$8M843.6K
20AMAntero Midstream Corporationhistory →cs1.55%$8M653.9K
21SRSpire Inchistory →cs1.33%$6M102.4K
22PAAPlains All American Pipelinehistory →lp1.21%$6M420.7K
230E41Enlink Midstream, LLChistory →lp1.02%$5M471.9K
24WESWestern Midstream Partners LPlp0.98%$5M181.0K
25DTMDT Midstream Inccs0.92%$5M91.2K
26CPKChesapeake Utilities Corporationcs0.84%$4M34.6K
27ECLEcolab Inc.cs0.79%$4M20.8K
28XYLXylem Inc.cs0.78%$4M34.0K
29AWCAMERICAN WTR WKS CO INCcs0.72%$4M24.7K
30NWNNorthwest Natural Holding Co.cs0.62%$3M70.0K
31PAGPEURPlains GP Holdings, L.P.cs0.55%$3M183.0K
32AROCArchrock, Inc.cs0.55%$3M262.4K
33NFENew Fortress Energy Inc.cs0.50%$2M91.8K
34SUNSunoco LPlp0.46%$2M52.2K
35PENTAIR INCcs0.42%$2M31.9K
36IEXIDEX Corporationcs0.41%$2M9.3K
37AOSA O SMITHcs0.40%$2M26.9K
38CEQPUSDCrestwood Equity Partners LPlp0.40%$2M73.3K
39WTRGEssential Utilities Inccs0.38%$2M46.5K
40TTEKTetra Tech, Inc.cs0.38%$2M11.3K
41CQPCheniere Energy Partners LPlp0.37%$2M39.3K
42KNTKKinetik Holdings Inccs0.33%$2M45.9K
43HESMHess Midstream LPcs0.33%$2M52.0K
44NSUSDNuStar Energy L.P.lp0.32%$2M92.9K
45STNStantec Inc.cs0.31%$2M23.5K
46WMSAdvanced Drainage Systems Inccs0.31%$2M13.2K
47WTSWatts Water Technologies, Inc.cs0.22%$1M5.8K
48GELGenesis Energy L.P.lp0.20%$1M105.0K
49USACUSA Compression Partners LPlp0.19%$949,39548.1K
50BMIBadger Meter, Inc.cs0.19%$914,8726.2K

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 ↗.