SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Tortoise Index Solutions, LLC

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

Reported Value
$538M
Q4 2023
Positions
63
Filings on Record
22
2019–present window
Filed
Feb 14, 2024
original filing

Summary

Tortoise Index Solutions, LLC reported $538M in U.S.-listed holdings across 63 positions for Q4 2023.

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

Compared with Q3 2023, the fund opened 0 new positions and exited 2.

Portfolio Metrics

Turnover
+0.9%
vs prior filed quarter
Top-10 Concentration
+59.6%
share of reported value
Largest Position
+7.6%
Enbridge

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: 81.5%MLP: 17.0%Unit: 1.1%Other: 0.4%
  • Common Stock · 81.5% · $439M
  • MLP · 17.0% · $92M
  • Unit · 1.1% · $6M
  • Other · 0.4% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CEQPUSDCrestwood Equity Partners LPSOLD OUT−102.3K0−$3M$0
HEPUSDHolly Energy Partners, L.P.SOLD OUT−53.3K0−$1M$0
KNTKKinetik Holdings IncADDED+15.8K44.1K+$517,846$1M
CNMCore & Main IncADDED+6.2K24.6K+$463,102$994,490
CPKChesapeake Utilities CorporationADDED+9.3K42.7K+$1M$5M
HESMHess Midstream LPADDED+12.1K90.4K+$577,090$3M
IEXIDEX CorporationADDED+1.1K9.3K+$320,307$2M
PAAPlains All American PipelineADDED+70.6K602.4K+$979,540$9M

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

Holdings — Q4 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ENBEnbridge Inchistory →cs7.60%$41M1.14M
2TRPTC Energy Corp.history →cs7.59%$41M1.04M
3OKEONEOK, Inchistory →cs7.55%$41M578.5K
4WMBWILLIAMS COS INChistory →cs7.15%$38M1.11M
5KMIKinder Morgan Inchistory →cs6.85%$37M2.09M
6LNGCheniere Energy Inc.history →cs6.77%$36M213.3K
7PPLPembina Pipeline Corphistory →cs4.06%$22M634.6K
8NINisource Inchistory →cs4.02%$22M815.4K
9ETEnergy Transfer LPhistory →lp4.02%$22M1.57M
10TRGPTarga Resources Corp.history →cs3.98%$21M246.7K
11ATOAtmos Energy Corphistory →cs3.97%$21M184.1K
12EPDEnterprise Products Partners LPhistory →lp3.90%$21M795.6K
13MPLXMPLX LPhistory →lp3.16%$17M463.3K
14PAAPlains All American Pipelinehistory →lp1.70%$9M602.4K
15NFGNational Fuel Gas Cohistory →cs1.69%$9M181.2K
16ETRNUSDEquitrans Midstream Corporationhistory →cs1.62%$9M854.9K
17NJRNew Jersey Resources Corporationhistory →cs1.59%$9M192.5K
18AMAntero Midstream Corporationhistory →cs1.56%$8M672.0K
19SWXSouthwest Gas Corporationhistory →cs1.40%$8M118.5K
20WESWestern Midstream Partners LPhistory →lp1.36%$7M250.9K
21DTMDT Midstream Inchistory →cs1.30%$7M128.1K
22OGSONE Gas, Inc.history →cs1.30%$7M109.4K
23SRSpire Inchistory →cs1.20%$6M103.8K
240E41Enlink Midstream, LLChistory →lp1.06%$6M468.7K
25NFENew Fortress Energy Inc.cs0.91%$5M129.5K
26CPKChesapeake Utilities Corporationcs0.84%$5M42.7K
27SUNSunoco LPlp0.82%$4M73.3K
28AROCArchrock, Inc.cs0.78%$4M271.0K
29PAGPEURPlains GP Holdings, L.P.cs0.77%$4M259.7K
30XYLXylem Inc.cs0.72%$4M33.7K
31ECLEcolab Inc.cs0.69%$4M18.8K
32AWCAMERICAN WTR WKS CO INCcs0.66%$4M27.0K
33HESMHess Midstream LPlp0.53%$3M90.4K
34NWNNorthwest Natural Holding Co.cs0.53%$3M72.6K
35NSUSDNuStar Energy L.P.lp0.52%$3M149.8K
36CQPCheniere Energy Partners LPlp0.44%$2M47.5K
37PENTAIR INCcs0.39%$2M28.7K
38IEXIDEX Corporationcs0.38%$2M9.3K
39AOSA O SMITHcs0.37%$2M24.4K
40WMSAdvanced Drainage Systems Inccs0.36%$2M13.6K
41WTRGEssential Utilities Inccs0.35%$2M49.8K
42USACUSA Compression Partners LPlp0.33%$2M78.0K
43STNStantec Inc.cs0.33%$2M22.0K
44TTEKTetra Tech, Inc.cs0.33%$2M10.6K
45GELGenesis Energy L.P.lp0.32%$2M147.3K
46GLPGlobal Partners LPlp0.29%$2M36.4K
47KNTKKinetik Holdings Inccs0.27%$1M44.1K
48WTSWatts Water Technologies, Inc.cs0.21%$1M5.4K
49CNMCore & Main Inccs0.18%$994,49024.6K
50BMIBadger Meter, Inc.cs0.17%$898,1255.8K

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 ↗.