TI
Tortoise Index Solutions, LLC Historical SEC 13F Holdings & Archive (Q1 2024)
Tortoise Index Solutions, LLCCIK: 0001650373
Diversified strategySector-focusedLong-term holder
Total reported value
$496.8M
Reporting period: 2024-03-31 · Number of holdings: 64
Tortoise Index Solutions, LLC disclosed 64 holdings in its latest 13F filing for the period ending 2024-03-31, with total reported value of $496.8M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 17.6
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 86.42
Tortoise Index Solutions, LLC's disclosed holdings carry a Herfindahl concentration index of 0.044 — mathematically equivalent to about 23 equally-sized positions, well below its 64 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 1.36), 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.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | WMB | Williams Cos Inc | Stock-Energy | 7.55% | — | -12.88% | |
| 2 | OKE | Oneok Inc | Stock-Energy | 7.31% | — | -21.64% | |
| 3 | ENB | Enbridge Inc | Stock-Energy | 7.31% | — | -11.66% | |
| 4 | TRP | Tc Energy CORP | Stock-Energy | 7.11% | — | -15.93% | |
| 5 | LNG | Cheniere Energy Inc | Stock-Energy | 7.02% | — | +1.34% | |
| 6 | KMI | Kinder Morgan, Inc. | Stock-Energy | 6.63% | — | -14.14% | |
| 7 | TRGP | Targa Resources CORP | Stock-Energy | 4.05% | — | -27.09% | |
| 8 | EPD | Enterprise Products Partners | Stock-Energy | 3.93% | — | -15.80% | |
| 9 | ET | Energy Transfer LP | Stock-Energy | 3.92% | — | -20.99% | |
| 10 | ATO | Atmos Energy CORP | Stock-Utilities | 3.90% | — | -11.57% | |
| 11 | NI | Nisource Inc | Stock-Utilities | 3.85% | — | -15.15% | |
| 12 | PBA | Pembina Pipeline CORP | Stock-Energy | 3.79% | — | -15.91% | |
| 13 | MPLX | Mplx LP | Stock-Energy | 3.04% | — | -21.56% | |
| 14 | ETRNUSD | Equitrans Midstream CORP | Stock-Other | 1.82% | — | -15.18% | |
| 15 | PAA | Plains All Amer Pipeline LP | Stock-Energy | 1.67% | — | -21.56% | |
| 16 | NFG | National Fuel Gas Co | Stock-Energy | 1.67% | — | -14.90% | |
| 17 | AM | Antero Midstream CORP | Stock-Energy | 1.61% | — | -15.18% | |
| 18 | SWX | Southwest Gas Holdings Inc | Stock-Utilities | 1.54% | — | -15.18% | |
| 19 | NJR | New Jersey Resources CORP | Stock-Utilities | 1.42% | — | -14.54% | |
| 20 | WES | Western Midstream Partners L | Stock-Energy | 1.41% | — | -21.56% | |
| 21 | DTM | Dt Midstream Inc | Stock-Energy | 1.24% | — | -21.51% | |
| 22 | OGS | One Gas Inc | Stock-Utilities | 1.21% | — | -15.18% | |
| 23 | SR | Spire Inc | Stock-Utilities | 1.14% | — | -11.35% | |
| 24 | 0E41 | Enlink Midstream LLC | Stock-Other | 1.09% | — | -15.18% | |
| 25 | AROC | Archrock Inc | Stock-Energy | 0.91% | — | -15.18% | |
| 26 | ECL | Ecolab Inc | Stock-Materials | 0.81% | — | -7.26% | |
| 27 | CPK | Chesapeake Utilities CORP | Stock-Other | 0.80% | — | -12.92% | |
| 28 | XYL | Xylem Inc | Stock-Industrials | 0.80% | — | -8.52% | |
| 29 | PAGP | Plains Gp Holdings Lp-cl A | Stock-Energy | 0.75% | — | -21.56% | |
| 30 | SUN | Sunoco LP | Stock-Other | 0.70% | — | -21.56% | |
| 31 | NFE | New Fortress Energy Inc | Stock-Other | 0.68% | — | -15.18% | |
| 32 | AWK | American Water Works Co Inc | Stock-Utilities | 0.67% | — | +1.20% | |
| 33 | HESM | Hess Midstream LP - Class A | Stock-Other | 0.60% | — | -8.35% | |
| 34 | NSUSD | Nustar Energy LP | Stock-Other | 0.55% | — | -21.56% | |
| 35 | VLTO | Veralto CORP | Stock-Industrials | 0.55% | — | — | |
| 36 | KNTK | Kinetik Holdings Inc | Stock-Other | 0.47% | — | +32.15% | |
| 37 | NWN | Northwest Natural Holding Co | Stock-Other | 0.46% | — | -15.18% | |
| 38 | PNR | Pentair plc | Stock-Industrials | 0.45% | — | -8.57% | |
| 39 | WMS | Advanced Drainage Systems In | Stock-Industrials | 0.44% | — | -6.33% | |
| 40 | AOS | Smith (a.o.) CORP | Stock-Industrials | 0.43% | — | -1.12% | |
| 41 | IEX | Idex CORP | Stock-Industrials | 0.43% | — | -5.99% | |
| 42 | CQP | Cheniere Energy Partners LP | Stock-Other | 0.39% | — | -17.36% | |
| 43 | TTEK | Tetra Tech Inc | Stock-Industrials | 0.39% | — | -0.71% | |
| 44 | CNM | Core & Main Inc-class A | Stock-Industrials | 0.39% | — | +35.87% | |
| 45 | STN | Stantec Inc | Stock-Other | 0.37% | — | +1.65% | |
| 46 | WTRG | Essential Utilities Inc | Stock-Utilities | 0.37% | — | -1.07% | |
| 47 | USAC | USA Compression Partners LP | Stock-Other | 0.33% | — | -21.56% | |
| 48 | GEL | Genesis Energy L.p. | Stock-Other | 0.26% | — | -21.56% | |
| 49 | GLP | Global Partners LP | Stock-Other | 0.26% | — | -21.56% | |
| 50 | WTS | Watts Water Technologies-a | Stock-Industrials | 0.23% | — | -1.12% |
1–50 of 64
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Portfolio Performance
Performance for Q3 2026
+5%
Performance Last 4 Quarters
+21.6%
- Stdev
- +13.9%
- Beta
- +0.3
- Alpha
- +16.1%
- Max Drawdown
- -6.3%
- Annualized Perf
- +23.4%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +3.41
- Stutzer
- +0.47
- Treynor
- +0.73
- Sterling
- +1.62
- Calmar
- +3.71
- Information Ratio
- +0.13
- Tracking Error
- +16.1%
- Stdev Down
- +6.5%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +46.5%
- Worst 12 Months
- +2.5%
- Efficiency Ratio
- +0.71
- Sharpe
- +1.59
- Stdev Sectors
- +29.6%
- Skewness
- +0.23
- Kurtosis
- +0.63
- Upside Potential
- +4.87
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2024 Q1 | 64 | $496.8M | 0 | ||
| 2023 Q4 | 63 | $538.1M | 0 | ||
| 2023 Q3 | 65 | $481.3M | 0 | ||
| 2023 Q2 | 65 | $490.0M | 0 | ||
| 2023 Q1 | 66 | $524.3M | 0 | ||
| 2022 Q4 | 65 | $572.5M | 0 | ||
| 2022 Q3 | 79 | $515.3M | 0 | ||
| 2022 Q2 | 110 | $530.7M | 0 | ||
| 2022 Q1 | 108 | $554.5M | 0 | ||
| 2021 Q4 | 111 | $454.0M | 0 | ||
| 2021 Q3 | 109 | $420.9M | 0 | ||
| 2021 Q2 | 101 | $478.0M | 93 | ||
| 2021 Q1 | 88 | $416.3M | 18 | ||
| 2020 Q4 | 108 | $354.3M | 31 | ||
| 2020 Q3 | 104 | $260.2M | 14 | ||
| 2020 Q2 | 75 | $287.0M | 27 | ||
| 2020 Q1 | 107 | $244.6M | 62 | ||
| 2019 Q4 | 107 | $462.2M | 38 | ||
| 2019 Q3 | 157 | $331.8M | 12 | ||
| 2019 Q2 | 161 | $338.3M | 19 | ||
| 2019 Q1 | 162 | $336.3M | 28 | ||
| 2018 Q4 | 87 | $263.1M | 59 | ||
| 2018 Q3 | 87 | $152.6M | 19 | ||
| 2018 Q2 | 95 | $139.8M | 29 | ||
| 2018 Q1 | 107 | $108.5M | 9 | ||
| 2017 Q4 | 107 | $112.3M | 100 | ||
| 2015 Q3 | 96 | $20.3M | 26 | ||
| 2015 Q2 | 96 | $22.1M | 0 |
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Tortoise Index Solutions, LLC and what type of investor is it?
Tortoise Index Solutions, LLC 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 (2024-03-31), the firm manages a tracked equity portfolio valued at approximately $496.8M, spread across 64 disclosed positions.
What are Tortoise Index Solutions, LLC's largest equity positions?
Based on the latest 13F filing, Tortoise Index Solutions, LLC's top holdings by market value are:
1. Williams Cos Inc (WMB) — $37.5M (7.5%)
2. Oneok Inc (OKE) — $36.3M (7.3%)
3. Enbridge Inc (ENB) — $36.3M (7.3%)
4. Tc Energy CORP (TRP) — $35.3M (7.1%)
5. Cheniere Energy Inc (LNG) — $34.9M (7.0%)
What changes did Tortoise Index Solutions, LLC make in its most recent portfolio filing?
No notable portfolio changes were recorded for Tortoise Index Solutions, LLC in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Tortoise Index Solutions, LLC focus on?
Tortoise Index Solutions, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Energy: 78.2%
• Utilities: 15.7%
• Industrials: 5.0%
• Materials: 0.9%
• Information Technology: 0.2%
Investment Profile
Tortoise Index Solutions, LLC returned an annualized 23.4% over the trailing 36 months — outperforming the S&P 500 by 16.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.30 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 78.2% of the portfolio concentrated in Energy.
It has added to its ETRNUSD position over the past two quarters (+$1.4M, now $9.1M), while trimming OGS over the same stretch (-$1.1M, still holding $6.0M).
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Developer Access
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