SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Tortoise Index Solutions, LLC

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

Reported Value
$481M
Q3 2023
Positions
65
Filings on Record
22
2019–present window
Filed
Nov 13, 2023
original filing

Summary

Tortoise Index Solutions, LLC reported $481M in U.S.-listed holdings across 65 positions for Q3 2023.

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

Compared with Q2 2023, the fund opened 2 new positions and exited 2.

Portfolio Metrics

Turnover
+5.2%
vs prior filed quarter
Top-10 Concentration
+59.8%
share of reported value
Largest Position
+7.6%
Williams Cos
New / Exited
2 / 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: 80.8%MLP: 17.7%Unit: 1.1%Other: 0.4%
  • Common Stock · 80.8% · $389M
  • MLP · 17.7% · $85M
  • Unit · 1.1% · $6M
  • Other · 0.4% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
JT5Mueller Water Products, Inc.NEW+32.1K32.1K+$407,662$407,662
KGSKodiak Gas Services IncNEW+19.0K19.0K+$340,435$340,435
WEPMagellan Midstream Partners, LPSOLD OUT−190.2K0−$12M$0
ONTMontrose Environmental GroupSOLD OUT−5.8K0−$243,875$0
HESMHess Midstream LPADDED+26.4K78.3K+$687,427$2M
USACUSA Compression Partners LPADDED+21.0K69.1K+$698,687$2M
NSUSDNuStar Energy L.P.ADDED+39.8K132.7K+$721,497$2M
CEQPUSDCrestwood Equity Partners LPADDED+29.0K102.3K+$1M$3M

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

Holdings — Q3 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WMBWILLIAMS COS INChistory →cs7.59%$37M1.08M
2LNGCheniere Energy Inc.history →cs7.36%$35M213.3K
3ENBEnbridge Inchistory →cs7.28%$35M1.06M
4OKEONEOK, Inchistory →cs7.26%$35M550.7K
5TRPTC Energy Corp.history →cs7.16%$34M1.00M
6KMIKinder Morgan Inchistory →cs6.91%$33M2.01M
7ETEnergy Transfer LPhistory →lp4.10%$20M1.41M
8TRGPTarga Resources Corp.history →cs4.10%$20M230.2K
9EPDEnterprise Products Partners LPhistory →lp4.04%$19M709.8K
10PPLPembina Pipeline Corphistory →cs4.01%$19M641.2K
11ATOAtmos Energy Corphistory →cs3.86%$19M175.4K
12NINisource Inchistory →cs3.74%$18M728.4K
13MPLXMPLX LPhistory →lp3.03%$15M410.5K
14NFGNational Fuel Gas Cohistory →cs1.86%$9M172.4K
15PAAPlains All American Pipelinehistory →lp1.69%$8M531.8K
16AMAntero Midstream Corporationhistory →cs1.59%$8M639.6K
17ETRNUSDEquitrans Midstream Corporationhistory →cs1.58%$8M813.7K
18NJRNew Jersey Resources Corporationhistory →cs1.55%$7M183.2K
19OGSONE Gas, Inc.history →cs1.48%$7M104.1K
20SWXSouthwest Gas Corporationhistory →cs1.42%$7M112.8K
21WESWestern Midstream Partners LPhistory →lp1.27%$6M225.3K
22DTMDT Midstream Inchistory →cs1.25%$6M113.5K
23SRSpire Inchistory →cs1.16%$6M98.8K
240E41Enlink Midstream, LLChistory →lp1.14%$6M450.7K
25NFENew Fortress Energy Inc.cs0.84%$4M123.2K
26PAGPEURPlains GP Holdings, L.P.cs0.77%$4M229.5K
27CPKChesapeake Utilities Corporationcs0.68%$3M33.4K
28AROCArchrock, Inc.cs0.68%$3M258.6K
29ECLEcolab Inc.cs0.66%$3M18.9K
30XYLXylem Inc.cs0.66%$3M35.0K
31SUNSunoco LPlp0.66%$3M65.0K
32AWCAMERICAN WATER WORKS CO INCcs0.65%$3M25.2K
33CEQPUSDCrestwood Equity Partners LPlp0.62%$3M102.3K
34NWNNorthwest Natural Holding Co.cs0.54%$3M67.7K
35NSUSDNuStar Energy L.P.lp0.48%$2M132.7K
36CQPCheniere Energy Partners LPlp0.48%$2M42.3K
37HESMHess Midstream LPlp0.47%$2M78.3K
38WTRGEssential Utilities Inccs0.36%$2M50.0K
39IEXIDEX Corporationcs0.35%$2M8.2K
40PENTAIR INCcs0.35%$2M26.2K
41AOSA O SMITHcs0.35%$2M25.4K
42TTEKTetra Tech, Inc.cs0.35%$2M10.9K
43USACUSA Compression Partners LPlp0.34%$2M69.1K
44WMSAdvanced Drainage Systems Inccs0.34%$2M14.2K
45STNStantec Inc.cs0.31%$1M22.8K
46GELGenesis Energy L.P.lp0.28%$1M130.7K
47HEPUSDHolly Energy Partners, L.P.lp0.24%$1M53.3K
48GLPGlobal Partners LPlp0.24%$1M32.3K
49WTSWatts Water Technologies, Inc.cs0.20%$972,2855.6K
50KNTKKinetik Holdings Inccs0.20%$955,32828.3K

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 ↗.