TC
Tortoise Capital Advisors, L.l.c. Institutional Portfolio & 13F Holdings (Q2 2026)
Tortoise Capital Advisors, L.l.c.CIK: 0001280965
Diversified strategySector-focusedMomentum follower
Total reported value
$9.8B
Reporting period: 2026-06-30 · Number of holdings: 111
TORTOISE CAPITAL ADVISORS, L.L.C. disclosed 111 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $9.8B and a quarterly turnover rate of 20.5%.
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Personality snowflake
- Concentration
- 19.65
- Portfolio Stability
- 20.53
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 81.26
Tortoise Capital Advisors, L.l.c.'s disclosed holdings carry a Herfindahl concentration index of 0.049 — mathematically equivalent to about 20 equally-sized positions, well below its 111 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.87), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim MPLX
-20.8% -$165.3M
Trim KMI
-46.4% -$128.7M
Add EPD
+25.4% $122.7M
New buy VG
Trim CWEN
-90.8% -$93.4M
Trim WES
-25.9% -$76.7M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 91 holdings (of 111 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TRGP | Targa Resources CORP | Stock-Energy | 9.62% | +0.36% | -0.49% | |
| 2 | WMB | Williams Cos Inc | Stock-Energy | 8.50% | -0.22% | -2.18% | |
| 3 | ET | Energy Transfer LP | Stock-Energy | 7.39% | -0.54% | -3.71% | |
| 4 | LNG | Cheniere Energy Inc | Stock-Energy | 7.15% | -0.41% | +14.99% | |
| 5 | EPD | Enterprise Products Partners | Stock-Energy | 6.96% | +1.10% | +25.40% | |
| 6 | MPLX | Mplx LP | Stock-Energy | 6.01% | -1.87% | -20.81% | |
| 7 | OKE | Oneok Inc | Stock-Energy | 5.61% | -0.13% | +4.13% | |
| 8 | TRP | Tc Energy CORP | Stock-Energy | 4.92% | -0.30% | -8.91% | |
| 9 | DTM | Dt Midstream Inc | Stock-Energy | 4.44% | +0.22% | -1.05% | |
| 10 | ENB | Enbridge Inc | Stock-Energy | 3.29% | -0.49% | -10.97% | |
| 11 | PAA | Plains All Amer Pipeline LP | Stock-Energy | 3.08% | +0.57% | +26.04% | |
| 12 | WES | Western Midstream Partners L | Stock-Energy | 2.89% | -0.88% | -25.89% | |
| 13 | PAGP | Plains Gp Holdings Lp-cl A | Stock-Energy | 2.74% | -0.24% | -5.78% | |
| 14 | AM | Antero Midstream CORP | Stock-Energy | 2.36% | -0.29% | -8.75% | |
| 15 | PBA | Pembina Pipeline CORP | Stock-Energy | 2.17% | +0.32% | +16.08% | |
| 16 | HESM | Hess Midstream LP - Class A | Stock-Other | 1.62% | -0.19% | -5.17% | |
| 17 | KMI | Kinder Morgan, Inc. | Stock-Energy | 1.37% | -1.37% | -46.39% | |
| 18 | ETR | Entergy CORP | Stock-Utilities | 1.11% | +0.61% | +121.96% | |
| 19 | VG | Venture Global Inc-cl A | Stock-Energy | 1.08% | +1.08% | NEW | |
| 20 | CEG | Constellation Energy | Stock-Utilities | 0.86% | -0.29% | -14.22% | |
| 21 | SRE | Sempra | Stock-Utilities | 0.77% | -0.37% | -27.93% | |
| 22 | VST | Vistra CORP | Stock-Utilities | 0.68% | -0.07% | -10.95% | |
| 23 | CQP | Cheniere Energy Partners LP | Stock-Other | 0.67% | -0.07% | -2.36% | |
| 24 | PWR | Quanta Services Inc | Stock-Industrials | 0.65% | +0.58% | +644.99% | |
| 25 | MTZ | Mastec Inc | Stock-Industrials | 0.61% | +0.55% | +683.70% | |
| 26 | NRG | Nrg Energy Inc | Stock-Utilities | 0.60% | — | +2.57% | |
| 27 | GEV | GE Vernova Inc | Stock-Industrials | 0.59% | +0.56% | +1333.18% | |
| 28 | KGS | Kodiak Gas Services Inc | Stock-Other | 0.59% | +0.15% | +5.81% | |
| 29 | EVRG | Evergy Inc | Stock-Utilities | 0.54% | -0.54% | -51.54% | |
| 30 | SUN | Sunoco LP | Stock-Other | 0.53% | -0.02% | -4.48% | |
| 31 | CNP | Centerpoint Energy Inc | Stock-Utilities | 0.49% | +0.14% | +41.69% | |
| 32 | TLN | Talen Energy CORP | Stock-Utilities | 0.49% | +0.03% | -10.00% | |
| 33 | NI | Nisource Inc | Stock-Utilities | 0.48% | +0.14% | +42.50% | |
| 34 | EE | Excelerate Energy Inc-a | Stock-Other | 0.45% | +0.04% | -1.43% | |
| 35 | AEP | American Electric Power | Stock-Utilities | 0.43% | +0.43% | NEW | |
| 36 | VLO | Valero Energy CORP | Stock-Energy | 0.42% | -0.01% | -5.11% | |
| 37 | MPC | Marathon Petroleum CORP | Stock-Energy | 0.42% | -0.01% | -5.00% | |
| 38 | EQT | Eqt CORP | Stock-Energy | 0.41% | -0.05% | +10.76% | |
| 39 | SOBO | South Bow CORP | Stock-Other | 0.34% | +0.01% | -1.72% | |
| 40 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 0.33% | +0.24% | +167.91% | |
| 41 | MU | Micron Technology Inc | Stock-Tech | 0.32% | +0.24% | +20.10% | |
| 42 | DTE | Dte Energy Company | Stock-Utilities | 0.30% | +0.11% | +54.63% | |
| 43 | DELL | Dell Technologies -c | Stock-Tech | 0.27% | +0.17% | +2.04% | |
| 44 | SNDK | Sandisk CORP | Stock-Tech | 0.25% | +0.22% | +148.48% | |
| 45 | SEI | Solaris Energy Infrastructur | Stock-Energy | 0.24% | +0.24% | NEW | |
| 46 | OXY | Occidental Petroleum CORP | Stock-Energy | 0.24% | +0.24% | NEW | |
| 47 | FANG | Diamondback Energy Inc | Stock-Energy | 0.24% | +0.13% | +155.29% | |
| 48 | CIEN | Ciena CORP | Stock-Tech | 0.23% | +0.13% | +84.32% | |
| 49 | WDC | Western Digital CORP | Stock-Tech | 0.21% | +0.12% | +13.14% | |
| 50 | STX | Seagate Technology Holdings plc | Stock-Tech | 0.20% | +0.12% | +9.13% |
1–50 of 91
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
+6.7%
Performance Last 4 Quarters
+27.9%
- Stdev
- +15%
- Beta
- +0.38
- Alpha
- +16.7%
- Max Drawdown
- -7.1%
- Annualized Perf
- +26%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +3.64
- Stutzer
- +0.49
- Treynor
- +0.64
- Sterling
- +1.82
- Calmar
- +3.68
- Information Ratio
- +0.27
- Tracking Error
- +16.3%
- Stdev Down
- +6.7%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +52.3%
- Worst 12 Months
- -0.7%
- Efficiency Ratio
- +0.78
- Sharpe
- +1.62
- Stdev Sectors
- +31.4%
- Skewness
- +0.42
- Kurtosis
- +1.32
- Upside Potential
- +5
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 111 | $9.8B | 21 | ||
| 2026 Q1 | 108 | $9.6B | 22 | ||
| 2025 Q4 | 104 | $7.9B | 12 | ||
| 2025 Q3 | 100 | $7.8B | 31 | ||
| 2025 Q2 | 73 | $7.7B | 0 | ||
| 2025 Q1 | 56 | $8.3B | 100 | ||
| 2024 Q4 | 51 | $7.8B | 0 | ||
| 2024 Q3 | 105 | $7.8B | 0 | ||
| 2024 Q2 | 110 | $7.6B | 0 | ||
| 2024 Q1 | 114 | $7.2B | 0 | ||
| 2023 Q4 | 140 | $6.5B | 0 | ||
| 2023 Q3 | 142 | $6.6B | 0 | ||
| 2023 Q2 | 148 | $6.6B | 0 | ||
| 2023 Q1 | 153 | $6.7B | 0 | ||
| 2022 Q4 | 164 | $6.7B | 0 | ||
| 2022 Q3 | 171 | $6.3B | 0 | ||
| 2022 Q2 | 216 | $6.4B | 0 | ||
| 2022 Q1 | 203 | $7.5B | 0 | ||
| 2021 Q4 | 186 | $6.6B | 0 | ||
| 2021 Q3 | 198 | $6.2B | 0 | ||
| 2021 Q2 | 184 | $6.6B | 95 | ||
| 2021 Q1 | 175 | $6.0B | 100 | ||
| 2020 Q4 | 124 | $5.2B | 0 | ||
| 2020 Q3 | 131 | $5.0B | 41 | ||
| 2020 Q2 | 117 | $6.2B | 50 | ||
| 2020 Q1 | 150 | $5.4B | 100 | ||
| 2019 Q4 | 149 | $15.7B | 19 | ||
| 2019 Q3 | 151 | $16.3B | 27 | ||
| 2019 Q2 | 175 | $15.3B | 15 | ||
| 2019 Q1 | 178 | $16.2B | 36 | ||
| 2018 Q4 | 179 | $13.7B | 34 | ||
| 2018 Q3 | 181 | $17.1B | 28 | ||
| 2018 Q2 | 184 | $15.6B | 26 | ||
| 2018 Q1 | 184 | $14.2B | 25 | ||
| 2017 Q4 | 186 | $15.2B | 21 | ||
| 2017 Q3 | 170 | $15.3B | 27 | ||
| 2017 Q2 | 173 | $15.4B | 14 | ||
| 2017 Q1 | 169 | $16.3B | 14 | ||
| 2016 Q4 | 175 | $15.6B | 13 | ||
| 2016 Q3 | 170 | $15.0B | 12 | ||
| 2016 Q2 | 165 | $14.3B | 21 | ||
| 2016 Q1 | 171 | $12.5B | 20 | ||
| 2015 Q4 | 166 | $11.9B | 27 | ||
| 2015 Q3 | 167 | $12.7B | 30 | ||
| 2015 Q2 | 173 | $16.4B | 15 | ||
| 2015 Q1 | 159 | $16.8B | 18 | ||
| 2014 Q4 | 132 | $16.8B | 21 | ||
| 2014 Q3 | 123 | $18.1B | 10 | ||
| 2014 Q2 | 122 | $18.5B | 23 | ||
| 2014 Q1 | 109 | $15.1B | 20 | ||
| 2013 Q4 | 105 | $13.8B | 21 | ||
| 2013 Q3 | 100 | $12.7B | 12 | ||
| 2013 Q2 | 116 | $12.0B | 0 |
Holding changes this quarter
Tortoise Capital Advisors, L.l.c.'s most significant position changes for 2026-06-30: New buy: Venture Global Inc-cl A (VG); New buy: American Electric Power (AEP); Sold out: Xcel Energy Inc (XEL); New buy: Solaris Energy Infrastructur (SEI); New buy: Occidental Petroleum CORP (OXY).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | EPD | Enterprise Products Partners | +1.1% | +25.40% | Add |
| 2 | VG | Venture Global Inc-cl A | +1.1% | NEW | New buy |
| 3 | ETR | Entergy CORP | +0.6% | +121.96% | Add |
| 4 | PWR | Quanta Services Inc | +0.6% | +644.99% | Add |
| 5 | PAA | Plains All Amer Pipeline LP | +0.6% | +26.04% | Add |
| 6 | GEV | GE Vernova Inc | +0.6% | +1333.18% | Add |
| 7 | MTZ | Mastec Inc | +0.6% | +683.70% | Add |
| 8 | AEP | American Electric Power | +0.4% | NEW | New buy |
| 9 | TRGP | Targa Resources CORP | +0.4% | -0.49% | Trim |
| 10 | PBA | Pembina Pipeline CORP | +0.3% | +16.08% | Add |
| 11 | MU | Micron Technology Inc | +0.2% | +20.10% | Add |
| 12 | SEI | Solaris Energy Infrastructur | +0.2% | NEW | New buy |
| 13 | OXY | Occidental Petroleum CORP | +0.2% | NEW | New buy |
| 14 | VRT | Vertiv Holdings Co-a | +0.2% | +167.91% | Add |
| 15 | DTM | Dt Midstream Inc | +0.2% | -1.05% | Trim |
| 16 | SNDK | Sandisk CORP | +0.2% | +148.48% | Add |
| 17 | DELL | Dell Technologies -c | +0.2% | +2.04% | Add |
| 18 | KGS | Kodiak Gas Services Inc | +0.2% | +5.81% | Add |
| 19 | CRDO | Credo Technology Group Holding Ltd | +0.2% | +84.93% | Add |
| 20 | ✓ | +0.2% | NEW | New buy | |
| 21 | CNP | Centerpoint Energy Inc | +0.1% | +41.69% | Add |
| 22 | NI | Nisource Inc | +0.1% | +42.50% | Add |
| 23 | MYRG | Myr Group Inc/delaware | +0.1% | +84.82% | Add |
| 24 | CIEN | Ciena CORP | +0.1% | +84.32% | Add |
| 25 | FANG | Diamondback Energy Inc | +0.1% | +155.29% | Add |
| 26 | WDC | Western Digital CORP | +0.1% | +13.14% | Add |
| 27 | STX | Seagate Technology Holdings plc | +0.1% | +9.13% | Add |
| 28 | DTE | Dte Energy Company | +0.1% | +54.63% | Add |
| 29 | NVT | nVent Electric plc | +0.1% | +84.56% | Add |
| 30 | NBIS | Nebius Group N.V. | +0.1% | +203.85% | Add |
| 31 | DVN | Devon Energy CORP | +0.1% | +161.23% | Add |
| 32 | CIFR | Cipher Digital Inc | +0.1% | +85.03% | Add |
| 33 | DY | Dycom Industries Inc | +0.1% | +120.56% | Add |
| 34 | WULF | Terawulf Inc | +0.1% | +85.07% | Add |
| 35 | HPE | Hewlett Packard Enterprise | +0.1% | NEW | New buy |
| 36 | MOD | Modine Manufacturing Co | +0.1% | +220.63% | Add |
| 37 | HUT | Hut 8 CORP | +0.1% | +123.78% | Add |
| 38 | IREN | IREN Limited | +0.1% | +84.84% | Add |
| 39 | ANET | Arista Networks Inc | +0.1% | +84.02% | Add |
| 40 | RIOT | Riot Platforms Inc | +0.1% | NEW | New buy |
| 41 | FIX | Comfort Systems USA Inc | +0.1% | NEW | New buy |
| 42 | EE | Excelerate Energy Inc-a | 0% | -1.43% | Trim |
| 43 | APH | Amphenol Corp-cl A | 0% | +85.05% | Add |
| 44 | APLD | Applied Digital CORP | 0% | NEW | New buy |
| 45 | COHR | Coherent CORP | 0% | +82.80% | Add |
| 46 | TLN | Talen Energy CORP | 0% | -10.00% | Trim |
| 47 | CAT | Caterpillar Inc | 0% | +82.73% | Add |
| 48 | OVV | Ovintiv Inc | 0% | +38.54% | Add |
| 49 | LITE | Lumentum Holdings Inc | 0% | +75.95% | Add |
| 50 | AR | Antero Resources CORP | 0% | +36.41% | Add |
1–50 of 99
Filing History
FAQ
What is Tortoise Capital Advisors, L.l.c. and what type of investor is it?
Tortoise Capital Advisors, L.l.c. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $9.8B, spread across 111 disclosed positions.
What are Tortoise Capital Advisors, L.l.c.'s largest equity positions?
Based on the latest 13F filing, Tortoise Capital Advisors, L.l.c.'s top holdings by market value are:
1. Targa Resources CORP (TRGP) — $946.4M (9.6%)
2. Williams Cos Inc (WMB) — $836.2M (8.5%)
3. Energy Transfer LP (ET) — $726.5M (7.4%)
4. Cheniere Energy Inc (LNG) — $703.0M (7.2%)
5. Enterprise Products Partners (EPD) — $685.1M (7.0%)
What changes did Tortoise Capital Advisors, L.l.c. make in its most recent portfolio filing?
In the latest reported quarter, Tortoise Capital Advisors, L.l.c. made 96 notable position adjustments: 9 new positions were initiated, 45 existing holdings were added to, 34 positions were partially reduced, and 8 were completely exited. The largest of these moves: New buy: Venture Global Inc-cl A (VG); New buy: American Electric Power (AEP); Sold out: Xcel Energy Inc (XEL); New buy: Solaris Energy Infrastructur (SEI); New buy: Occidental Petroleum CORP (OXY)
What sectors does Tortoise Capital Advisors, L.l.c. focus on?
Tortoise Capital Advisors, L.l.c. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Energy: 86.8%
• Utilities: 7.3%
• Industrials: 3.0%
• Information Technology: 2.5%
• Financials: 0.3%
• Consumer Discretionary: 0.1%
Investment Profile
Tortoise Capital Advisors, L.l.c. returned an annualized 26.0% over the trailing 36 months — outperforming the S&P 500 by 16.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.38 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 86.8% of the portfolio concentrated in Energy.
Its turnover score has risen from 0 to 21 over the past 4 quarters — a shift toward more active trading.
It has added to its TRGP position over the past two quarters (+$321.1M, now $946.4M), while trimming SRE over the same stretch (-$66.0M, still holding $75.5M).
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Developer Access
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REST API
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