Tortoise Investment Management, LLC 13F Filing History & Holdings

CIK: 0001599511

Diversified strategyMomentum followerSector-focused

Total reported value

$1.2B

Reporting period: 2026-03-31 · Number of holdings: 252

Tortoise Investment Management, LLC disclosed 252 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.2B and a quarterly turnover rate of 19.9%.

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Personality snowflake

Concentration: 8.74
Portfolio Stability: 19.93
Momentum/Contrarian: 100
Sector conviction: 76.51
Diversification: 100
Sizing Uniformity: 79.03

Tortoise Investment Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.022 — mathematically equivalent to about 46 equally-sized positions, well below its 252 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 2.10), 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.

Sector classification currently covers about 5% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.

Recent moves

Add JMTG
+1491.4%　$29.4M
Add STIP
+48.3%　$28.9M
Trim DMBS
-92.9%　-$20.6M
Add VGIT
+3849.7%　$16.5M
Trim IVV
-1.2%　-$5.8M
Add AVEE
+1288.4%　$10.6M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 200 holdings (of 252 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	7.84%	-1.00%	-1.16%
2	STIP	Ishares 0-5 Year Tips Bond E	ETF-Other	7.18%	+2.09%	+48.32%
3	AVUS	Avantis U.s. Equity ETF	ETF-Other	3.60%	+0.07%	+9.14%
4	BTT	Blackrock 2030 Muni Trgt Trm	Stock-Other	2.63%	-0.10%	+2.94%
5	JMTG	Mortgage-backed Securities	ETF-Other	2.59%	+2.42%	+1491.41%
6	JMUB	Jpmorgan Municipal ETF	ETF-Other	2.44%	+0.09%	+11.50%
7	SGOV	Ishares 0-3 Month Treasury B	ETF-Gov Bonds	2.40%	—	+1.06%
8	MTBA	Simplify Mbs ETF	ETF-Other	2.10%	+0.02%	+9.46%
9	SCHP	Schwab U.s. Tips ETF	ETF-Other	2.04%	-0.04%	+3.86%
10	VGLT	Vanguard Long-term Treasury	ETF-Gov Bonds	2.00%	—	-0.00%
11	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	1.77%	—	-0.75%
12	SCHX	Schwab US Large-cap ETF	ETF-Other	1.58%	—	+5.80%
13	DFAU	Dimensional US Core Equity M	ETF-Other	1.49%	-0.02%	+8.99%
14	VTV	Vanguard Value ETF	ETF-Other	1.44%	—	+0.99%
15	VGIT	Vanguard Intermediate-term T	ETF-Other	1.39%	+1.35%	+3849.71%
16	SCHC	Schwab Intl Small-cap Equity	ETF-Other	1.39%	—	+1.04%
17	BOXX	Alpha Architect 1-3 Mnth Box	ETF-Other	1.39%	+0.12%	+15.54%
18	IWB	Ishares Russell 1000 ETF	ETF-Other	1.38%	-0.18%	-1.35%
19	ITOT	Ishares Core S&p Total U.s.	ETF-Other	1.36%	-0.20%	-3.24%
20	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	1.31%	—	+2698.65%
21	SPEM	State Street Sp Ptf Em ETF	ETF-Other	1.30%	—	+0.95%
22	VBIL	Vanguard 0-3m T-bill ETF	ETF-Other	1.28%	+0.76%	+159.75%
23	SPYM	Ste Str Spdr Pt S&p 500 ETF	ETF-Large Cap & Growth	1.23%	+0.06%	+16.74%
24	DCRE	Dbl Comm Real Est Debt	ETF-Other	1.17%	—	+2.60%
25	IEFA	Ishares Core Msci Eafe ETF	ETF-Other	1.16%	—	-1.85%
26	CARY	Angel Oak Income ETF	ETF-Other	1.14%	—	+2.27%
27	AAPL	Apple INC	Stock-Tech	1.07%	-0.21%	-17.60%
28	SPDW	Ste Str Spdr Pt Dw EU ETF	ETF-Other	1.04%	—	+2.45%
29	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	1.04%	-0.12%	-0.60%
30	IJR	Ishares Core S&p Small-cap E	ETF-Small Cap	1.02%	—	-0.28%
31	SCHH	Schwab US Reit ETF	ETF-Other	1.00%	+0.04%	+7.14%
32	DFAI	Dimensional International Co	ETF-Other	0.99%	+0.02%	+6.42%
33	DFAE	Dimensional Emerging Core Eq	ETF-Emerging Markets	0.98%	+0.01%	+3.40%
34	BAB	Invesco Taxable Municipal Bo	ETF-Other	0.95%	—	+3.03%
35	DFAC	Dimensional US Core Equity 2	ETF-Other	0.95%	—	+4.11%
36	AVEE	Avantis Em Mkt Sm Cap Eq ETF	ETF-Other	0.95%	+0.88%	+1288.44%
37	VEA	Vanguard Ftse Developed ETF	ETF-Other	0.90%	—	-0.17%
38	SPSM	Ss Spdr P S&p 600 Small Cap	ETF-Small Cap	0.88%	+0.03%	+6.60%
39	MLN	Vaneck Long Muni ETF	ETF-Other	0.86%	+0.07%	+16.24%
40	IUSV	Ishares Core S&p U.s. Value	ETF-Other	0.86%	—	-2.31%
41	VV	Vanguard Large-cap ETF	ETF-Other	0.85%	—	+11.59%
42	DFSV	Dimensional US Small Cap Val	ETF-Small Cap	0.84%	+0.03%	+3.72%
43	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	0.83%	—	+2.39%
44	AVEM	Avantis Emerging Markets Eq	ETF-Emerging Markets	0.82%	+0.01%	+2.43%
45	DFIV	Dimensional International Va	ETF-Other	0.79%	—	-0.49%
46	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	0.70%	-0.12%	-4.46%
47	AVUV	Avantis US Small Cap Value	ETF-Small Cap	0.67%	+0.04%	+3.08%
48	DGS	Wisdomtree Em Small Cap	ETF-Small Cap	0.65%	-0.78%	-54.05%
49	NUW	Nuveen Amt-free Muni Val	Stock-Other	0.62%	-0.16%	-15.01%
50	SCHA	Schwab US Small-cap ETF	ETF-Other	0.61%	—	+1.82%

1–50 of 200

Portfolio Performance

Performance for Q3 2026

+1.4%

Performance Last 4 Quarters

+15.4%

Based on 67% of reported portfolio value with available pricing

Stdev: +8.8%
Beta: +0.61
Alpha: +0.3%
Max Drawdown: -5.4%
Annualized Perf: +11.7%
Batting Avg vs S&P: +38.9%
Sortino: +2.52
Stutzer: +0.38
Treynor: +0.19
Sterling: +0.83
Calmar: +2.17
Information Ratio: -1.11
Tracking Error: +6.3%
Stdev Down: +4.6%
Winning Months %: +66.7%
Losing Months %: +33.3%
Best 12 Months: +23.1%
Worst 12 Months: +6.7%
Efficiency Ratio: +0.49
Sharpe: +1.31
Stdev Sectors: +12.6%
Skewness: -0.06
Kurtosis: -0.28
Upside Potential: +4.22

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	252	$1.2B	20	1IVV 2STIP 3AVUS Top holdings2026-03-31 1.IVV 2.STIP 3.AVUS 4.BTT 5.JMTG 6.JMUB 7.SGOV 8.MTBA 9.SCHP 10.VGLT
2025-12-31	240	$1.1B	9	1IVV 2STIP 3AVUS Top holdings2025-12-31 1.IVV 2.STIP 3.AVUS 4.BTT 5.SGOV 6.JMUB 7.VGLT 8.MTBA 9.SCHP 10.DMBS
2025-09-30	1569	$1.1B	25	1IVV 2STIP 3AVUS Top holdings2025-09-30 1.IVV 2.STIP 3.AVUS 4.SGOV 5.BTT 6.VGLT 7.JMUB 8.SCHP 9.MTBA 10.IEMG
2025-06-30	1311	$1.0B	0	1IVV 2STIP 3AVUS Top holdings2025-06-30 1.IVV 2.STIP 3.AVUS 4.SGOV 5.BTT 6.VGLT 7.SCHP 8.IEMG 9.SCHX 10.ITOT
2025-03-31	831	$960.3M	0	1IVV 2STIP 3SGOV Top holdings2025-03-31 1.IVV 2.STIP 3.SGOV 4.AVUS 5.VGLT 6.BTT 7.SCHP 8.IEMG 9.MTBA 10.SCHX
2024-12-31	873	$947.2M	0	1IVV 2STIP 3AVUS Top holdings2024-12-31 1.IVV 2.STIP 3.AVUS 4.SGOV 5.VGLT 6.ITOT 7.AAPL 8.IEMG 9.BTT 10.CMBS
2024-09-30	892	$957.2M	0	1IVV 2STIP 3SGOV Top holdings2024-09-30 1.IVV 2.STIP 3.SGOV 4.AVUS 5.VGLT 6.IEMG 7.ITOT 8.NUV 9.CMBS 10.AAPL
2024-06-30	894	$876.9M	0	1IVV 2STIP 3SGOV Top holdings2024-06-30 1.IVV 2.STIP 3.SGOV 4.AVUS 5.VGLT 6.MBB 7.IEMG 8.ITOT 9.NUV 10.CMBS
2024-03-31	876	$823.7M	0	1IVV 2STIP 3SGOV Top holdings2024-03-31 1.IVV 2.STIP 3.SGOV 4.AVUS 5.MBB 6.IEMG 7.ITOT 8.CMBS 9.VGLT 10.NUV
2023-12-31	801	$737.1M	0	1IVV 2STIP 3SGOV Top holdings2023-12-31 1.IVV 2.STIP 3.SGOV 4.MBB 5.AVUS 6.IEMG 7.ITOT 8.CMBS 9.AAPL 10.VGLT
2023-09-30	810	$671.5M	0	1IVV 2STIP 3MBB Top holdings2023-09-30 1.IVV 2.STIP 3.MBB 4.SGOV 5.IEMG 6.CMBS 7.ITOT 8.AVUS 9.AAPL 10.SPY
2023-06-30	782	$673.6M	0	1IVV 2STIP 3MBB Top holdings2023-06-30 1.IVV 2.STIP 3.MBB 4.SGOV 5.IEMG 6.ITOT 7.CMBS 8.AAPL 9.AVUS 10.SPY
2023-03-31	785	$627.5M	0	1IVV 2STIP 3SGOV Top holdings2023-03-31 1.IVV 2.STIP 3.SGOV 4.MBB 5.IEMG 6.BAB 7.CMBS 8.ITOT 9.AAPL 10.SPY
2022-12-31	777	$570.9M	0	1IVV 2STIP 3CMBS Top holdings2022-12-31 1.IVV 2.STIP 3.CMBS 4.IEMG 5.BAB 6.MBB 7.SGOV 8.ITOT 9.SPY 10.IWB
2022-09-30	767	$514.3M	0	1IVV 2CMBS 3BAB Top holdings2022-09-30 1.IVV 2.CMBS 3.BAB 4.STIP 5.MBB 6.IEMG 7.ITOT 8.SPY 9.AAPL 10.SGOV
2022-06-30	751	$509.9M	0	1IVV 2CMBS 3BAB Top holdings2022-06-30 1.IVV 2.CMBS 3.BAB 4.IEMG 5.ITOT 6.SPY 7.MBB 8.IWB 9.VGSH 10.IUSV
2022-03-31	697	$540.0M	0	1IVV 2BAB 3CMBS Top holdings2022-03-31 1.IVV 2.BAB 3.CMBS 4.IEMG 5.SPY 6.ITOT 7.VCSH 8.IWB 9.JSCP 10.IUSV
2021-12-31	674	$534.3M	0	1IVV 2BAB 3SPY Top holdings2021-12-31 1.IVV 2.BAB 3.SPY 4.IEMG 5.CMBS 6.ITOT 7.MBB 8.VCSH 9.JSCP 10.IWB
2021-09-30	633	$495.0M	0	1IVV 2BAB 3MBB Top holdings2021-09-30 1.IVV 2.BAB 3.MBB 4.IEMG 5.CMBS 6.SPY 7.ITOT 8.JSCP 9.IWB 10.IEFA
2021-06-30	616	$484.5M	100	1IVV 2BAB 3MBB Top holdings2021-06-30 1.IVV 2.BAB 3.MBB 4.IEMG 5.SPY 6.ITOT 7.CMBS 8.IWB 9.IEFA 10.IUSV
2021-03-31	597	$455.2M	16	1IVV 2MBB 3BAB Top holdings2021-03-31 1.IVV 2.MBB 3.BAB 4.IEMG 5.SPY 6.ITOT 7.IWB 8.IEFA 9.CMBS 10.IUSV
2020-12-31	554	$438.5M	19	1IVV 2MBB 3BAB Top holdings2020-12-31 1.IVV 2.MBB 3.BAB 4.IEMG 5.SPY 6.ITOT 7.IWB 8.IEFA 9.VRIG 10.VWO
2020-09-30	539	$410.0M	14	1IVV 2MBB 3VRIG Top holdings2020-09-30 1.IVV 2.MBB 3.VRIG 4.BAB 5.IEMG 6.SPY 7.ITOT 8.IWB 9.IEFA 10.XJQCX
2020-06-30	523	$387.0M	19	1IVV 2MBB 3VRIG Top holdings2020-06-30 1.IVV 2.MBB 3.VRIG 4.SPY 5.IEMG 6.BAB 7.ITOT 8.IWB 9.IEFA 10.VWO
2020-03-31	571	$344.8M	31	1IVV 2MBB 3VRIG Top holdings2020-03-31 1.IVV 2.MBB 3.VRIG 4.SPY 5.IEMG 6.ITOT 7.IWB 8.MUB 9.JPST 10.VWO
2019-12-31	615	$424.3M	16	1IVV 2VRIG 3MBB Top holdings2019-12-31 1.IVV 2.VRIG 3.MBB 4.IEMG 5.SPY 6.ITOT 7.JPST 8.IWB 9.SLQD 10.IEFA
2019-09-30	624	$387.6M	16	1IVV 2VRIG 3IEMG Top holdings2019-09-30 1.IVV 2.VRIG 3.IEMG 4.SPY 5.SLQD 6.ITOT 7.IWB 8.JPST 9.IJR 10.IEFA
2019-06-30	646	$395.7M	12	1IVV 2IEMG 3SPY Top holdings2019-06-30 1.IVV 2.IEMG 3.SPY 4.SLQD 5.ITOT 6.VRIG 7.IWB 8.IEFA 9.IJR 10.VCSH
2019-03-31	646	$382.3M	22	1IVV 2IEMG 3SPY Top holdings2019-03-31 1.IVV 2.IEMG 3.SPY 4.ITOT 5.IWB 6.NBB 7.SLQD 8.IEFA 9.IJR 10.IVE
2018-12-31	555	$369.6M	31	1IVV 2NBB 3IEMG Top holdings2018-12-31 1.IVV 2.NBB 3.IEMG 4.SPY 5.ITOT 6.IWB 7.XJQCX 8.IVE 9.IEFA 10.IJR
2018-09-30	555	$380.6M	10	1IVV 2NBB 3IEMG Top holdings2018-09-30 1.IVV 2.NBB 3.IEMG 4.SPY 5.ITOT 6.IWB 7.IVE 8.IEFA 9.IXUS 10.IJS
2018-06-30	581	$363.9M	17	1IVV 2NBB 3IEMG Top holdings2018-06-30 1.IVV 2.NBB 3.IEMG 4.SPY 5.ITOT 6.IWB 7.IVE 8.IEFA 9.NBB 10.IXUS
2018-03-31	560	$361.2M	14	1IVV 2NBB 3IEMG Top holdings2018-03-31 1.IVV 2.NBB 3.IEMG 4.SPY 5.ITOT 6.IWB 7.IVE 8.NAN 9.IEFA 10.IXUS
2017-12-31	576	$348.6M	11	1IVV 2NBB 3IEMG Top holdings2017-12-31 1.IVV 2.NBB 3.IEMG 4.SPY 5.VCSH 6.IWB 7.ITOT 8.IVE 9.IEFA 10.IXUS
2017-09-30	504	$329.0M	10	1IVV 2NBB 3IEMG Top holdings2017-09-30 1.IVV 2.NBB 3.IEMG 4.SPY 5.VCSH 6.IWB 7.ITOT 8.IVE 9.IEFA 10.IXUS
2017-06-30	507	$309.6M	11	1IVV 2NBB 3IEMG Top holdings2017-06-30 1.IVV 2.NBB 3.IEMG 4.SPY 5.VCSH 6.IWB 7.ITOT 8.SGOL 9.NAN 10.IXUS
2017-03-31	490	$305.6M	13	1IVV 2NBB 3IEMG Top holdings2017-03-31 1.IVV 2.NBB 3.IEMG 4.VCSH 5.SPY 6.IWB 7.SGOL 8.ITOT 9.NAN 10.BABUSD
2016-12-31	504	$290.4M	18	1IVV 2NBB 3SPY Top holdings2016-12-31 1.IVV 2.NBB 3.SPY 4.IEMG 5.VCSH 6.NAN 7.IWB 8.SGOL 9.ITOT 10.SHYD
2016-09-30	451	$294.9M	9	1IVV 2NBB 3NAN Top holdings2016-09-30 1.IVV 2.NBB 3.NAN 4.XJQCX 5.IEMG 6.SPY 7.VCSH 8.SGOL 9.IWB 10.SHYD
2016-06-30	509	$287.1M	19	1IVV 2NBB 3NAN Top holdings2016-06-30 1.IVV 2.NBB 3.NAN 4.XJQCX 5.IEMG 6.SPY 7.SGOL 8.IWB 9.VCSH 10.SHYD
2016-03-31	407	$278.2M	24	1IVV 2NBB 3NAN Top holdings2016-03-31 1.IVV 2.NBB 3.NAN 4.XJQCX 5.SGOL 6.SPY 7.HYG 8.IEMG 9.IWB 10.VCSH
2015-12-31	435	$279.3M	13	1IVV 2NAN 3NBB Top holdings2015-12-31 1.IVV 2.NAN 3.NBB 4.NBB 5.XJQCX 6.SGOL 7.SPY 8.HYG 9.IWB 10.57061R
2015-09-30	424	$263.2M	19	1IVV 2NAN 3NBB Top holdings2015-09-30 1.IVV 2.NAN 3.NBB 4.NBB 5.SGOL 6.SPY 7.XJQCX 8.IWB 9.HYG 10.57061R
2015-06-30	455	$266.5M	18	1IVV 2NAN 3NBB Top holdings2015-06-30 1.IVV 2.NAN 3.NBB 4.NBB 5.SPY 6.SGOL 7.IWB 8.IEMG 9.57061R 10.ITOT
2015-03-31	442	$262.3M	17	1IVV 2NBB 3NBB Top holdings2015-03-31 1.IVV 2.NBB 3.NBB 4.67070A 5.SPY 6.SGOL 7.IWB 8.IEMG 9.NAN 10.SJNK
2014-12-31	496	$249.7M	20	1IVV 2NBB 3NBB Top holdings2014-12-31 1.IVV 2.NBB 3.NBB 4.67070A 5.SPY 6.SGOL 7.IWB 8.IEMG 9.NAN 10.SJNK
2014-09-30	420	$238.4M	12	1IVV 2NBB 3NBB Top holdings2014-09-30 1.IVV 2.NBB 3.NBB 4.67070A 5.SPY 6.IEMG 7.SGOL 8.BABUSD 9.IWB 10.NAN
2014-06-30	456	$239.5M	16	1IVV 2NBB 3NBB Top holdings2014-06-30 1.IVV 2.NBB 3.NBB 4.SPY 5.67070A 6.IEMG 7.BABUSD 8.KMI 9.SGOL 10.IWB
2014-03-31	382	$216.6M	24	1IVV 2NBB 3SPY Top holdings2014-03-31 1.IVV 2.NBB 3.SPY 4.67070A 5.NBB 6.BABUSD 7.IEMG 8.KMI 9.SGOL 10.IWB
2013-12-31	340	$182.3M	35	1IVV 2SPY 3NBB Top holdings2013-12-31 1.IVV 2.SPY 3.NBB 4.BABUSD 5.KMI 6.67070A 7.IWB 8.NBB 9.EFA 10.NAN
2013-09-30	364	$165.6M	27	1IVV 2SPY 3BABUSD Top holdings2013-09-30 1.IVV 2.SPY 3.BABUSD 4.KMI 5.HYG 6.SJNK 7.IWB 8.67070A 9.QNDX 10.EFA
2013-06-30	383	$151.4M	29	1KMI 2IVV 3SPY Top holdings2013-06-30 1.KMI 2.IVV 3.SPY 4.BABUSD 5.IWB 6.SPSB 7.QNDX 8.MUB 9.EEM 10.EFA

Holding changes this quarter

Tortoise Investment Management, LLC's most significant position changes for 2026-03-31: Sold out: Janus Henderson Aaa Clo ETF (JAAA); Sold out: Dimensional Short Duration (DFSD); New buy: Avantis Total Equity ETF (AVTM); New buy: Avantis US Quality Eq ETF (AVUQ); Sold out: Nuveen Municipal Value (NUV).

Position changes disclosed by Tortoise Investment Management, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	JMTG	Mortgage-backed Securities	+2.4%	+1491.41%	Add
2	STIP	Ishares 0-5 Year Tips Bond E	+2.1%	+48.32%	Add
3	VGIT	Vanguard Intermediate-term T	+1.4%	+3849.71%	Add
4	AVEE	Avantis Em Mkt Sm Cap Eq ETF	+0.9%	+1288.44%	Add
5	VBIL	Vanguard 0-3m T-bill ETF	+0.8%	+159.75%	Add
6	FTNY	Fr New York Muni INC ETF	+0.2%	+904.81%	Add
7	BOXX	Alpha Architect 1-3 Mnth Box	+0.1%	+15.54%	Add
8	MINO	Pimco Municipal Income Oppor	+0.1%	+52.05%	Add
9	MUNY	Vanguard Ny Tax-ex Bond	+0.1%	+99.23%	Add
10	JMUB	Jpmorgan Municipal ETF	+0.1%	+11.50%	Add
11	AVMU	Avantis Core Municipal Fixed	+0.1%	+69.30%	Add
12	AVUS	Avantis U.s. Equity ETF	+0.1%	+9.14%	Add
13	MLN	Vaneck Long Muni ETF	+0.1%	+16.24%	Add
14	SPYM	Ste Str Spdr Pt S&p 500 ETF	+0.1%	+16.74%	Add
15	DUHP	Dimensional US High Profi Et	+0.1%	+25.88%	Add
16	SCHH	Schwab US Reit ETF	0%	+7.14%	Add
17	AVUV	Avantis US Small Cap Value	0%	+3.08%	Add
18	SPSM	Ss Spdr P S&p 600 Small Cap	0%	+6.60%	Add
19	DFSV	Dimensional US Small Cap Val	0%	+3.72%	Add
20	MTBA	Simplify Mbs ETF	0%	+9.46%	Add
21	DFAI	Dimensional International Co	0%	+6.42%	Add
22	DFEV	Dimensional Emrg Mrkt Val	0%	+4.90%	Add
23	DFAE	Dimensional Emerging Core Eq	0%	+3.40%	Add
24	AVEM	Avantis Emerging Markets Eq	0%	+2.43%	Add
25	DFAU	Dimensional US Core Equity M	0%	+8.99%	Add
26	SCHP	Schwab U.s. Tips ETF	0%	+3.86%	Add
27	EWX	State Street Spdr S&p Emergi	-0.1%	-16.56%	Trim
28	BTT	Blackrock 2030 Muni Trgt Trm	-0.1%	+2.94%	Add
29	PGR	Progressive CORP	-0.1%	-2.73%	Trim
30	MSFT	Microsoft CORP	-0.1%	-0.75%	Trim
31	NNY	Nuveen New York Muni Val	-0.1%	-17.01%	Trim
32	BRK-B	Berkshire Hathaway Inc-cl B	-0.1%	-4.46%	Trim
33	VTI	Vanguard Total Stock Mkt ETF	-0.1%	-0.60%	Trim
34	NUW	Nuveen Amt-free Muni Val	-0.2%	-15.01%	Trim
35	IWB	Ishares Russell 1000 ETF	-0.2%	-1.35%	Trim
36	MEAR	Ishrs Short Mat Muni Act ETF	-0.2%	-72.34%	Trim
37	ITOT	Ishares Core S&p Total U.s.	-0.2%	-3.24%	Trim
38	AAPL	Apple INC	-0.2%	-17.60%	Trim
39	MBB	Ishares Mbs ETF	-0.3%	-82.46%	Trim
40	JMST	JPM Ultra-short Muni Income	-0.5%	-67.77%	Trim
41	DGS	Wisdomtree Em Small Cap	-0.8%	-54.05%	Trim
42	IVV	Ishares Core S&p 500 ETF	-1%	-1.16%	Trim
43	DMBS	Doubleline Mortgage ETF	-1.8%	-92.85%	Trim
44	JAAA	Janus Henderson Aaa Clo ETF	—	EXIT	Sold out
45	DFSD	Dimensional Short Duration	—	EXIT	Sold out
46	AVTM	Avantis Total Equity ETF	—	NEW	New buy
47	AVUQ	Avantis US Quality Eq ETF	—	NEW	New buy
48	NUV	Nuveen Municipal Value	—	EXIT	Sold out
49	VTHR	Vanguard Russell 3000	—	NEW	New buy
50	SPTM	Ss Spdr P S&p 1500 Comp ETF	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-05	13F-HR	View on EDGAR
2025-12-31	2026-02-06	13F-HR	View on EDGAR
2025-09-30	2025-11-13	13F-HR	View on EDGAR
2025-06-30	2025-08-08	13F-HR	View on EDGAR
2025-03-31	2025-08-07	Amendment	View on EDGAR
2025-03-31	2025-05-14	13F-HR	View on EDGAR
2024-12-31	2025-08-07	Amendment	View on EDGAR
2024-12-31	2025-02-07	13F-HR	View on EDGAR
2024-09-30	2025-08-07	Amendment	View on EDGAR
2024-09-30	2024-11-13	13F-HR	View on EDGAR
2024-06-30	2025-08-07	Amendment	View on EDGAR
2024-06-30	2024-08-01	13F-HR	View on EDGAR
2024-03-31	2025-08-07	Amendment	View on EDGAR
2024-03-31	2024-05-09	13F-HR	View on EDGAR
2023-12-31	2025-08-07	Amendment	View on EDGAR
2023-12-31	2024-02-29	Amendment	View on EDGAR
2023-12-31	2024-02-08	13F-HR	View on EDGAR
2023-09-30	2025-08-07	Amendment	View on EDGAR
2023-09-30	2023-11-09	13F-HR	View on EDGAR
2023-06-30	2023-08-07	13F-HR	View on EDGAR
2023-03-31	2023-05-09	13F-HR	View on EDGAR
2022-12-31	2023-02-03	13F-HR	View on EDGAR
2022-09-30	2022-11-04	13F-HR	View on EDGAR
2022-06-30	2022-08-03	13F-HR	View on EDGAR
2022-03-31	2022-05-06	13F-HR	View on EDGAR
2021-12-31	2022-02-10	13F-HR	View on EDGAR
2021-09-30	2021-11-04	13F-HR	View on EDGAR
2021-06-30	2021-07-30	13F-HR	View on EDGAR
2021-03-31	2021-05-05	13F-HR	View on EDGAR
2020-12-31	2021-02-05	13F-HR	View on EDGAR
2020-09-30	2020-11-04	13F-HR	View on EDGAR
2020-06-30	2020-08-06	13F-HR	View on EDGAR
2020-03-31	2020-05-05	13F-HR	View on EDGAR
2019-12-31	2020-02-06	13F-HR	View on EDGAR
2019-09-30	2019-11-06	13F-HR	View on EDGAR
2019-06-30	2019-08-07	13F-HR	View on EDGAR
2019-03-31	2019-05-07	13F-HR	View on EDGAR
2018-12-31	2019-02-08	13F-HR	View on EDGAR
2018-09-30	2018-11-20	13F-HR	View on EDGAR
2018-06-30	2018-08-09	13F-HR	View on EDGAR
2018-03-31	2018-05-11	13F-HR	View on EDGAR
2017-12-31	2018-01-31	13F-HR	View on EDGAR
2017-09-30	2017-11-15	13F-HR	View on EDGAR
2017-06-30	2017-08-02	13F-HR	View on EDGAR
2017-03-31	2017-05-09	13F-HR	View on EDGAR
2016-12-31	2017-02-16	13F-HR	View on EDGAR
2016-09-30	2016-11-09	13F-HR	View on EDGAR
2016-06-30	2016-08-03	13F-HR	View on EDGAR
2016-03-31	2016-05-06	13F-HR	View on EDGAR
2015-12-31	2016-02-05	13F-HR	View on EDGAR
2015-09-30	2015-10-23	13F-HR	View on EDGAR
2015-06-30	2015-07-23	13F-HR	View on EDGAR
2015-03-31	2015-04-20	13F-HR	View on EDGAR
2014-12-31	2015-02-12	13F-HR	View on EDGAR
2014-09-30	2014-10-21	13F-HR	View on EDGAR
2014-06-30	2014-07-29	13F-HR	View on EDGAR
2014-03-31	2014-05-02	13F-HR	View on EDGAR
2013-12-31	2014-02-28	Amendment	View on EDGAR
2013-12-31	2014-02-12	13F-HR	View on EDGAR
2013-09-30	2014-03-10	13F-HR	View on EDGAR
2013-06-30	2014-03-14	13F-HR	View on EDGAR

FAQ

What is Tortoise Investment Management, LLC and what type of investor is it?

Tortoise Investment Management, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $1.2B, spread across 252 disclosed positions.

What are Tortoise Investment Management, LLC's largest equity positions?

Based on the latest 13F filing, Tortoise Investment Management, LLC's top holdings by market value are: 1. Ishares Core S&p 500 ETF (IVV) — $94.9M (7.8%) 2. Ishares 0-5 Year Tips Bond E (STIP) — $86.9M (7.2%) 3. Avantis U.s. Equity ETF (AVUS) — $43.6M (3.6%) 4. Blackrock 2030 Muni Trgt Trm (BTT) — $31.8M (2.6%) 5. Mortgage-backed Securities (JMTG) — $31.4M (2.6%)

What changes did Tortoise Investment Management, LLC make in its most recent portfolio filing?

In the latest reported quarter, Tortoise Investment Management, LLC made 50 notable position adjustments: 4 new positions were initiated, 27 existing holdings were added to, 16 positions were partially reduced, and 3 were completely exited. The largest of these moves: Sold out: Janus Henderson Aaa Clo ETF (JAAA); Sold out: Dimensional Short Duration (DFSD); New buy: Avantis Total Equity ETF (AVTM); New buy: Avantis US Quality Eq ETF (AVUQ); Sold out: Nuveen Municipal Value (NUV)

What sectors does Tortoise Investment Management, LLC focus on?

Tortoise Investment Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 35.6% • Information Technology: 33.4% • Communication Services: 6.1% • Industrials: 6.1% • Consumer Discretionary: 6.0% • Consumer Staples: 4.9%

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View detail

Tortoise Investment Management, LLC 13F Filing History & Holdings

CIK: 0001599511

Diversified strategyMomentum followerSector-focused

Total reported value

$1.2B

Reporting period: 2026-03-31 · Number of holdings: 252

Tortoise Investment Management, LLC disclosed 252 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.2B and a quarterly turnover rate of 19.9%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "T"

Personality snowflake

Concentration: 8.74
Portfolio Stability: 19.93
Momentum/Contrarian: 100
Sector conviction: 76.51
Diversification: 100
Sizing Uniformity: 79.03

Position sizes vary widely across the portfolio (a coefficient of variation of 2.10), 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.

Recent moves

Add JMTG
+1491.4%　$29.4M
Add STIP
+48.3%　$28.9M
Trim DMBS
-92.9%　-$20.6M
Add VGIT
+3849.7%　$16.5M
Trim IVV
-1.2%　-$5.8M
Add AVEE
+1288.4%　$10.6M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 200 holdings (of 252 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	7.84%	-1.00%	-1.16%
2	STIP	Ishares 0-5 Year Tips Bond E	ETF-Other	7.18%	+2.09%	+48.32%
3	AVUS	Avantis U.s. Equity ETF	ETF-Other	3.60%	+0.07%	+9.14%
4	BTT	Blackrock 2030 Muni Trgt Trm	Stock-Other	2.63%	-0.10%	+2.94%
5	JMTG	Mortgage-backed Securities	ETF-Other	2.59%	+2.42%	+1491.41%
6	JMUB	Jpmorgan Municipal ETF	ETF-Other	2.44%	+0.09%	+11.50%
7	SGOV	Ishares 0-3 Month Treasury B	ETF-Gov Bonds	2.40%	—	+1.06%
8	MTBA	Simplify Mbs ETF	ETF-Other	2.10%	+0.02%	+9.46%
9	SCHP	Schwab U.s. Tips ETF	ETF-Other	2.04%	-0.04%	+3.86%
10	VGLT	Vanguard Long-term Treasury	ETF-Gov Bonds	2.00%	—	-0.00%
11	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	1.77%	—	-0.75%
12	SCHX	Schwab US Large-cap ETF	ETF-Other	1.58%	—	+5.80%
13	DFAU	Dimensional US Core Equity M	ETF-Other	1.49%	-0.02%	+8.99%
14	VTV	Vanguard Value ETF	ETF-Other	1.44%	—	+0.99%
15	VGIT	Vanguard Intermediate-term T	ETF-Other	1.39%	+1.35%	+3849.71%
16	SCHC	Schwab Intl Small-cap Equity	ETF-Other	1.39%	—	+1.04%
17	BOXX	Alpha Architect 1-3 Mnth Box	ETF-Other	1.39%	+0.12%	+15.54%
18	IWB	Ishares Russell 1000 ETF	ETF-Other	1.38%	-0.18%	-1.35%
19	ITOT	Ishares Core S&p Total U.s.	ETF-Other	1.36%	-0.20%	-3.24%
20	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	1.31%	—	+2698.65%
21	SPEM	State Street Sp Ptf Em ETF	ETF-Other	1.30%	—	+0.95%
22	VBIL	Vanguard 0-3m T-bill ETF	ETF-Other	1.28%	+0.76%	+159.75%
23	SPYM	Ste Str Spdr Pt S&p 500 ETF	ETF-Large Cap & Growth	1.23%	+0.06%	+16.74%
24	DCRE	Dbl Comm Real Est Debt	ETF-Other	1.17%	—	+2.60%
25	IEFA	Ishares Core Msci Eafe ETF	ETF-Other	1.16%	—	-1.85%
26	CARY	Angel Oak Income ETF	ETF-Other	1.14%	—	+2.27%
27	AAPL	Apple INC	Stock-Tech	1.07%	-0.21%	-17.60%
28	SPDW	Ste Str Spdr Pt Dw EU ETF	ETF-Other	1.04%	—	+2.45%
29	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	1.04%	-0.12%	-0.60%
30	IJR	Ishares Core S&p Small-cap E	ETF-Small Cap	1.02%	—	-0.28%
31	SCHH	Schwab US Reit ETF	ETF-Other	1.00%	+0.04%	+7.14%
32	DFAI	Dimensional International Co	ETF-Other	0.99%	+0.02%	+6.42%
33	DFAE	Dimensional Emerging Core Eq	ETF-Emerging Markets	0.98%	+0.01%	+3.40%
34	BAB	Invesco Taxable Municipal Bo	ETF-Other	0.95%	—	+3.03%
35	DFAC	Dimensional US Core Equity 2	ETF-Other	0.95%	—	+4.11%
36	AVEE	Avantis Em Mkt Sm Cap Eq ETF	ETF-Other	0.95%	+0.88%	+1288.44%
37	VEA	Vanguard Ftse Developed ETF	ETF-Other	0.90%	—	-0.17%
38	SPSM	Ss Spdr P S&p 600 Small Cap	ETF-Small Cap	0.88%	+0.03%	+6.60%
39	MLN	Vaneck Long Muni ETF	ETF-Other	0.86%	+0.07%	+16.24%
40	IUSV	Ishares Core S&p U.s. Value	ETF-Other	0.86%	—	-2.31%
41	VV	Vanguard Large-cap ETF	ETF-Other	0.85%	—	+11.59%
42	DFSV	Dimensional US Small Cap Val	ETF-Small Cap	0.84%	+0.03%	+3.72%
43	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	0.83%	—	+2.39%
44	AVEM	Avantis Emerging Markets Eq	ETF-Emerging Markets	0.82%	+0.01%	+2.43%
45	DFIV	Dimensional International Va	ETF-Other	0.79%	—	-0.49%
46	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	0.70%	-0.12%	-4.46%
47	AVUV	Avantis US Small Cap Value	ETF-Small Cap	0.67%	+0.04%	+3.08%
48	DGS	Wisdomtree Em Small Cap	ETF-Small Cap	0.65%	-0.78%	-54.05%
49	NUW	Nuveen Amt-free Muni Val	Stock-Other	0.62%	-0.16%	-15.01%
50	SCHA	Schwab US Small-cap ETF	ETF-Other	0.61%	—	+1.82%

1–50 of 200

Portfolio Performance

Performance for Q3 2026

+1.4%

Performance Last 4 Quarters

+15.4%

Based on 67% of reported portfolio value with available pricing

Stdev: +8.8%
Beta: +0.61
Alpha: +0.3%
Max Drawdown: -5.4%
Annualized Perf: +11.7%
Batting Avg vs S&P: +38.9%
Sortino: +2.52
Stutzer: +0.38
Treynor: +0.19
Sterling: +0.83
Calmar: +2.17
Information Ratio: -1.11
Tracking Error: +6.3%
Stdev Down: +4.6%
Winning Months %: +66.7%
Losing Months %: +33.3%
Best 12 Months: +23.1%
Worst 12 Months: +6.7%
Efficiency Ratio: +0.49
Sharpe: +1.31
Stdev Sectors: +12.6%
Skewness: -0.06
Kurtosis: -0.28
Upside Potential: +4.22

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	252	$1.2B	20	1IVV 2STIP 3AVUS Top holdings2026-03-31 1.IVV 2.STIP 3.AVUS 4.BTT 5.JMTG 6.JMUB 7.SGOV 8.MTBA 9.SCHP 10.VGLT
2025-12-31	240	$1.1B	9	1IVV 2STIP 3AVUS Top holdings2025-12-31 1.IVV 2.STIP 3.AVUS 4.BTT 5.SGOV 6.JMUB 7.VGLT 8.MTBA 9.SCHP 10.DMBS
2025-09-30	1569	$1.1B	25	1IVV 2STIP 3AVUS Top holdings2025-09-30 1.IVV 2.STIP 3.AVUS 4.SGOV 5.BTT 6.VGLT 7.JMUB 8.SCHP 9.MTBA 10.IEMG
2025-06-30	1311	$1.0B	0	1IVV 2STIP 3AVUS Top holdings2025-06-30 1.IVV 2.STIP 3.AVUS 4.SGOV 5.BTT 6.VGLT 7.SCHP 8.IEMG 9.SCHX 10.ITOT
2025-03-31	831	$960.3M	0	1IVV 2STIP 3SGOV Top holdings2025-03-31 1.IVV 2.STIP 3.SGOV 4.AVUS 5.VGLT 6.BTT 7.SCHP 8.IEMG 9.MTBA 10.SCHX
2024-12-31	873	$947.2M	0	1IVV 2STIP 3AVUS Top holdings2024-12-31 1.IVV 2.STIP 3.AVUS 4.SGOV 5.VGLT 6.ITOT 7.AAPL 8.IEMG 9.BTT 10.CMBS
2024-09-30	892	$957.2M	0	1IVV 2STIP 3SGOV Top holdings2024-09-30 1.IVV 2.STIP 3.SGOV 4.AVUS 5.VGLT 6.IEMG 7.ITOT 8.NUV 9.CMBS 10.AAPL
2024-06-30	894	$876.9M	0	1IVV 2STIP 3SGOV Top holdings2024-06-30 1.IVV 2.STIP 3.SGOV 4.AVUS 5.VGLT 6.MBB 7.IEMG 8.ITOT 9.NUV 10.CMBS
2024-03-31	876	$823.7M	0	1IVV 2STIP 3SGOV Top holdings2024-03-31 1.IVV 2.STIP 3.SGOV 4.AVUS 5.MBB 6.IEMG 7.ITOT 8.CMBS 9.VGLT 10.NUV
2023-12-31	801	$737.1M	0	1IVV 2STIP 3SGOV Top holdings2023-12-31 1.IVV 2.STIP 3.SGOV 4.MBB 5.AVUS 6.IEMG 7.ITOT 8.CMBS 9.AAPL 10.VGLT
2023-09-30	810	$671.5M	0	1IVV 2STIP 3MBB Top holdings2023-09-30 1.IVV 2.STIP 3.MBB 4.SGOV 5.IEMG 6.CMBS 7.ITOT 8.AVUS 9.AAPL 10.SPY
2023-06-30	782	$673.6M	0	1IVV 2STIP 3MBB Top holdings2023-06-30 1.IVV 2.STIP 3.MBB 4.SGOV 5.IEMG 6.ITOT 7.CMBS 8.AAPL 9.AVUS 10.SPY
2023-03-31	785	$627.5M	0	1IVV 2STIP 3SGOV Top holdings2023-03-31 1.IVV 2.STIP 3.SGOV 4.MBB 5.IEMG 6.BAB 7.CMBS 8.ITOT 9.AAPL 10.SPY
2022-12-31	777	$570.9M	0	1IVV 2STIP 3CMBS Top holdings2022-12-31 1.IVV 2.STIP 3.CMBS 4.IEMG 5.BAB 6.MBB 7.SGOV 8.ITOT 9.SPY 10.IWB
2022-09-30	767	$514.3M	0	1IVV 2CMBS 3BAB Top holdings2022-09-30 1.IVV 2.CMBS 3.BAB 4.STIP 5.MBB 6.IEMG 7.ITOT 8.SPY 9.AAPL 10.SGOV
2022-06-30	751	$509.9M	0	1IVV 2CMBS 3BAB Top holdings2022-06-30 1.IVV 2.CMBS 3.BAB 4.IEMG 5.ITOT 6.SPY 7.MBB 8.IWB 9.VGSH 10.IUSV
2022-03-31	697	$540.0M	0	1IVV 2BAB 3CMBS Top holdings2022-03-31 1.IVV 2.BAB 3.CMBS 4.IEMG 5.SPY 6.ITOT 7.VCSH 8.IWB 9.JSCP 10.IUSV
2021-12-31	674	$534.3M	0	1IVV 2BAB 3SPY Top holdings2021-12-31 1.IVV 2.BAB 3.SPY 4.IEMG 5.CMBS 6.ITOT 7.MBB 8.VCSH 9.JSCP 10.IWB
2021-09-30	633	$495.0M	0	1IVV 2BAB 3MBB Top holdings2021-09-30 1.IVV 2.BAB 3.MBB 4.IEMG 5.CMBS 6.SPY 7.ITOT 8.JSCP 9.IWB 10.IEFA
2021-06-30	616	$484.5M	100	1IVV 2BAB 3MBB Top holdings2021-06-30 1.IVV 2.BAB 3.MBB 4.IEMG 5.SPY 6.ITOT 7.CMBS 8.IWB 9.IEFA 10.IUSV
2021-03-31	597	$455.2M	16	1IVV 2MBB 3BAB Top holdings2021-03-31 1.IVV 2.MBB 3.BAB 4.IEMG 5.SPY 6.ITOT 7.IWB 8.IEFA 9.CMBS 10.IUSV
2020-12-31	554	$438.5M	19	1IVV 2MBB 3BAB Top holdings2020-12-31 1.IVV 2.MBB 3.BAB 4.IEMG 5.SPY 6.ITOT 7.IWB 8.IEFA 9.VRIG 10.VWO
2020-09-30	539	$410.0M	14	1IVV 2MBB 3VRIG Top holdings2020-09-30 1.IVV 2.MBB 3.VRIG 4.BAB 5.IEMG 6.SPY 7.ITOT 8.IWB 9.IEFA 10.XJQCX
2020-06-30	523	$387.0M	19	1IVV 2MBB 3VRIG Top holdings2020-06-30 1.IVV 2.MBB 3.VRIG 4.SPY 5.IEMG 6.BAB 7.ITOT 8.IWB 9.IEFA 10.VWO
2020-03-31	571	$344.8M	31	1IVV 2MBB 3VRIG Top holdings2020-03-31 1.IVV 2.MBB 3.VRIG 4.SPY 5.IEMG 6.ITOT 7.IWB 8.MUB 9.JPST 10.VWO
2019-12-31	615	$424.3M	16	1IVV 2VRIG 3MBB Top holdings2019-12-31 1.IVV 2.VRIG 3.MBB 4.IEMG 5.SPY 6.ITOT 7.JPST 8.IWB 9.SLQD 10.IEFA
2019-09-30	624	$387.6M	16	1IVV 2VRIG 3IEMG Top holdings2019-09-30 1.IVV 2.VRIG 3.IEMG 4.SPY 5.SLQD 6.ITOT 7.IWB 8.JPST 9.IJR 10.IEFA
2019-06-30	646	$395.7M	12	1IVV 2IEMG 3SPY Top holdings2019-06-30 1.IVV 2.IEMG 3.SPY 4.SLQD 5.ITOT 6.VRIG 7.IWB 8.IEFA 9.IJR 10.VCSH
2019-03-31	646	$382.3M	22	1IVV 2IEMG 3SPY Top holdings2019-03-31 1.IVV 2.IEMG 3.SPY 4.ITOT 5.IWB 6.NBB 7.SLQD 8.IEFA 9.IJR 10.IVE
2018-12-31	555	$369.6M	31	1IVV 2NBB 3IEMG Top holdings2018-12-31 1.IVV 2.NBB 3.IEMG 4.SPY 5.ITOT 6.IWB 7.XJQCX 8.IVE 9.IEFA 10.IJR
2018-09-30	555	$380.6M	10	1IVV 2NBB 3IEMG Top holdings2018-09-30 1.IVV 2.NBB 3.IEMG 4.SPY 5.ITOT 6.IWB 7.IVE 8.IEFA 9.IXUS 10.IJS
2018-06-30	581	$363.9M	17	1IVV 2NBB 3IEMG Top holdings2018-06-30 1.IVV 2.NBB 3.IEMG 4.SPY 5.ITOT 6.IWB 7.IVE 8.IEFA 9.NBB 10.IXUS
2018-03-31	560	$361.2M	14	1IVV 2NBB 3IEMG Top holdings2018-03-31 1.IVV 2.NBB 3.IEMG 4.SPY 5.ITOT 6.IWB 7.IVE 8.NAN 9.IEFA 10.IXUS
2017-12-31	576	$348.6M	11	1IVV 2NBB 3IEMG Top holdings2017-12-31 1.IVV 2.NBB 3.IEMG 4.SPY 5.VCSH 6.IWB 7.ITOT 8.IVE 9.IEFA 10.IXUS
2017-09-30	504	$329.0M	10	1IVV 2NBB 3IEMG Top holdings2017-09-30 1.IVV 2.NBB 3.IEMG 4.SPY 5.VCSH 6.IWB 7.ITOT 8.IVE 9.IEFA 10.IXUS
2017-06-30	507	$309.6M	11	1IVV 2NBB 3IEMG Top holdings2017-06-30 1.IVV 2.NBB 3.IEMG 4.SPY 5.VCSH 6.IWB 7.ITOT 8.SGOL 9.NAN 10.IXUS
2017-03-31	490	$305.6M	13	1IVV 2NBB 3IEMG Top holdings2017-03-31 1.IVV 2.NBB 3.IEMG 4.VCSH 5.SPY 6.IWB 7.SGOL 8.ITOT 9.NAN 10.BABUSD
2016-12-31	504	$290.4M	18	1IVV 2NBB 3SPY Top holdings2016-12-31 1.IVV 2.NBB 3.SPY 4.IEMG 5.VCSH 6.NAN 7.IWB 8.SGOL 9.ITOT 10.SHYD
2016-09-30	451	$294.9M	9	1IVV 2NBB 3NAN Top holdings2016-09-30 1.IVV 2.NBB 3.NAN 4.XJQCX 5.IEMG 6.SPY 7.VCSH 8.SGOL 9.IWB 10.SHYD
2016-06-30	509	$287.1M	19	1IVV 2NBB 3NAN Top holdings2016-06-30 1.IVV 2.NBB 3.NAN 4.XJQCX 5.IEMG 6.SPY 7.SGOL 8.IWB 9.VCSH 10.SHYD
2016-03-31	407	$278.2M	24	1IVV 2NBB 3NAN Top holdings2016-03-31 1.IVV 2.NBB 3.NAN 4.XJQCX 5.SGOL 6.SPY 7.HYG 8.IEMG 9.IWB 10.VCSH
2015-12-31	435	$279.3M	13	1IVV 2NAN 3NBB Top holdings2015-12-31 1.IVV 2.NAN 3.NBB 4.NBB 5.XJQCX 6.SGOL 7.SPY 8.HYG 9.IWB 10.57061R
2015-09-30	424	$263.2M	19	1IVV 2NAN 3NBB Top holdings2015-09-30 1.IVV 2.NAN 3.NBB 4.NBB 5.SGOL 6.SPY 7.XJQCX 8.IWB 9.HYG 10.57061R
2015-06-30	455	$266.5M	18	1IVV 2NAN 3NBB Top holdings2015-06-30 1.IVV 2.NAN 3.NBB 4.NBB 5.SPY 6.SGOL 7.IWB 8.IEMG 9.57061R 10.ITOT
2015-03-31	442	$262.3M	17	1IVV 2NBB 3NBB Top holdings2015-03-31 1.IVV 2.NBB 3.NBB 4.67070A 5.SPY 6.SGOL 7.IWB 8.IEMG 9.NAN 10.SJNK
2014-12-31	496	$249.7M	20	1IVV 2NBB 3NBB Top holdings2014-12-31 1.IVV 2.NBB 3.NBB 4.67070A 5.SPY 6.SGOL 7.IWB 8.IEMG 9.NAN 10.SJNK
2014-09-30	420	$238.4M	12	1IVV 2NBB 3NBB Top holdings2014-09-30 1.IVV 2.NBB 3.NBB 4.67070A 5.SPY 6.IEMG 7.SGOL 8.BABUSD 9.IWB 10.NAN
2014-06-30	456	$239.5M	16	1IVV 2NBB 3NBB Top holdings2014-06-30 1.IVV 2.NBB 3.NBB 4.SPY 5.67070A 6.IEMG 7.BABUSD 8.KMI 9.SGOL 10.IWB
2014-03-31	382	$216.6M	24	1IVV 2NBB 3SPY Top holdings2014-03-31 1.IVV 2.NBB 3.SPY 4.67070A 5.NBB 6.BABUSD 7.IEMG 8.KMI 9.SGOL 10.IWB
2013-12-31	340	$182.3M	35	1IVV 2SPY 3NBB Top holdings2013-12-31 1.IVV 2.SPY 3.NBB 4.BABUSD 5.KMI 6.67070A 7.IWB 8.NBB 9.EFA 10.NAN
2013-09-30	364	$165.6M	27	1IVV 2SPY 3BABUSD Top holdings2013-09-30 1.IVV 2.SPY 3.BABUSD 4.KMI 5.HYG 6.SJNK 7.IWB 8.67070A 9.QNDX 10.EFA
2013-06-30	383	$151.4M	29	1KMI 2IVV 3SPY Top holdings2013-06-30 1.KMI 2.IVV 3.SPY 4.BABUSD 5.IWB 6.SPSB 7.QNDX 8.MUB 9.EEM 10.EFA

Holding changes this quarter

Position changes disclosed by Tortoise Investment Management, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	JMTG	Mortgage-backed Securities	+2.4%	+1491.41%	Add
2	STIP	Ishares 0-5 Year Tips Bond E	+2.1%	+48.32%	Add
3	VGIT	Vanguard Intermediate-term T	+1.4%	+3849.71%	Add
4	AVEE	Avantis Em Mkt Sm Cap Eq ETF	+0.9%	+1288.44%	Add
5	VBIL	Vanguard 0-3m T-bill ETF	+0.8%	+159.75%	Add
6	FTNY	Fr New York Muni INC ETF	+0.2%	+904.81%	Add
7	BOXX	Alpha Architect 1-3 Mnth Box	+0.1%	+15.54%	Add
8	MINO	Pimco Municipal Income Oppor	+0.1%	+52.05%	Add
9	MUNY	Vanguard Ny Tax-ex Bond	+0.1%	+99.23%	Add
10	JMUB	Jpmorgan Municipal ETF	+0.1%	+11.50%	Add
11	AVMU	Avantis Core Municipal Fixed	+0.1%	+69.30%	Add
12	AVUS	Avantis U.s. Equity ETF	+0.1%	+9.14%	Add
13	MLN	Vaneck Long Muni ETF	+0.1%	+16.24%	Add
14	SPYM	Ste Str Spdr Pt S&p 500 ETF	+0.1%	+16.74%	Add
15	DUHP	Dimensional US High Profi Et	+0.1%	+25.88%	Add
16	SCHH	Schwab US Reit ETF	0%	+7.14%	Add
17	AVUV	Avantis US Small Cap Value	0%	+3.08%	Add
18	SPSM	Ss Spdr P S&p 600 Small Cap	0%	+6.60%	Add
19	DFSV	Dimensional US Small Cap Val	0%	+3.72%	Add
20	MTBA	Simplify Mbs ETF	0%	+9.46%	Add
21	DFAI	Dimensional International Co	0%	+6.42%	Add
22	DFEV	Dimensional Emrg Mrkt Val	0%	+4.90%	Add
23	DFAE	Dimensional Emerging Core Eq	0%	+3.40%	Add
24	AVEM	Avantis Emerging Markets Eq	0%	+2.43%	Add
25	DFAU	Dimensional US Core Equity M	0%	+8.99%	Add
26	SCHP	Schwab U.s. Tips ETF	0%	+3.86%	Add
27	EWX	State Street Spdr S&p Emergi	-0.1%	-16.56%	Trim
28	BTT	Blackrock 2030 Muni Trgt Trm	-0.1%	+2.94%	Add
29	PGR	Progressive CORP	-0.1%	-2.73%	Trim
30	MSFT	Microsoft CORP	-0.1%	-0.75%	Trim
31	NNY	Nuveen New York Muni Val	-0.1%	-17.01%	Trim
32	BRK-B	Berkshire Hathaway Inc-cl B	-0.1%	-4.46%	Trim
33	VTI	Vanguard Total Stock Mkt ETF	-0.1%	-0.60%	Trim
34	NUW	Nuveen Amt-free Muni Val	-0.2%	-15.01%	Trim
35	IWB	Ishares Russell 1000 ETF	-0.2%	-1.35%	Trim
36	MEAR	Ishrs Short Mat Muni Act ETF	-0.2%	-72.34%	Trim
37	ITOT	Ishares Core S&p Total U.s.	-0.2%	-3.24%	Trim
38	AAPL	Apple INC	-0.2%	-17.60%	Trim
39	MBB	Ishares Mbs ETF	-0.3%	-82.46%	Trim
40	JMST	JPM Ultra-short Muni Income	-0.5%	-67.77%	Trim
41	DGS	Wisdomtree Em Small Cap	-0.8%	-54.05%	Trim
42	IVV	Ishares Core S&p 500 ETF	-1%	-1.16%	Trim
43	DMBS	Doubleline Mortgage ETF	-1.8%	-92.85%	Trim
44	JAAA	Janus Henderson Aaa Clo ETF	—	EXIT	Sold out
45	DFSD	Dimensional Short Duration	—	EXIT	Sold out
46	AVTM	Avantis Total Equity ETF	—	NEW	New buy
47	AVUQ	Avantis US Quality Eq ETF	—	NEW	New buy
48	NUV	Nuveen Municipal Value	—	EXIT	Sold out
49	VTHR	Vanguard Russell 3000	—	NEW	New buy
50	SPTM	Ss Spdr P S&p 1500 Comp ETF	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-05	13F-HR	View on EDGAR
2025-12-31	2026-02-06	13F-HR	View on EDGAR
2025-09-30	2025-11-13	13F-HR	View on EDGAR
2025-06-30	2025-08-08	13F-HR	View on EDGAR
2025-03-31	2025-08-07	Amendment	View on EDGAR
2025-03-31	2025-05-14	13F-HR	View on EDGAR
2024-12-31	2025-08-07	Amendment	View on EDGAR
2024-12-31	2025-02-07	13F-HR	View on EDGAR
2024-09-30	2025-08-07	Amendment	View on EDGAR
2024-09-30	2024-11-13	13F-HR	View on EDGAR
2024-06-30	2025-08-07	Amendment	View on EDGAR
2024-06-30	2024-08-01	13F-HR	View on EDGAR
2024-03-31	2025-08-07	Amendment	View on EDGAR
2024-03-31	2024-05-09	13F-HR	View on EDGAR
2023-12-31	2025-08-07	Amendment	View on EDGAR
2023-12-31	2024-02-29	Amendment	View on EDGAR
2023-12-31	2024-02-08	13F-HR	View on EDGAR
2023-09-30	2025-08-07	Amendment	View on EDGAR
2023-09-30	2023-11-09	13F-HR	View on EDGAR
2023-06-30	2023-08-07	13F-HR	View on EDGAR
2023-03-31	2023-05-09	13F-HR	View on EDGAR
2022-12-31	2023-02-03	13F-HR	View on EDGAR
2022-09-30	2022-11-04	13F-HR	View on EDGAR
2022-06-30	2022-08-03	13F-HR	View on EDGAR
2022-03-31	2022-05-06	13F-HR	View on EDGAR
2021-12-31	2022-02-10	13F-HR	View on EDGAR
2021-09-30	2021-11-04	13F-HR	View on EDGAR
2021-06-30	2021-07-30	13F-HR	View on EDGAR
2021-03-31	2021-05-05	13F-HR	View on EDGAR
2020-12-31	2021-02-05	13F-HR	View on EDGAR
2020-09-30	2020-11-04	13F-HR	View on EDGAR
2020-06-30	2020-08-06	13F-HR	View on EDGAR
2020-03-31	2020-05-05	13F-HR	View on EDGAR
2019-12-31	2020-02-06	13F-HR	View on EDGAR
2019-09-30	2019-11-06	13F-HR	View on EDGAR
2019-06-30	2019-08-07	13F-HR	View on EDGAR
2019-03-31	2019-05-07	13F-HR	View on EDGAR
2018-12-31	2019-02-08	13F-HR	View on EDGAR
2018-09-30	2018-11-20	13F-HR	View on EDGAR
2018-06-30	2018-08-09	13F-HR	View on EDGAR
2018-03-31	2018-05-11	13F-HR	View on EDGAR
2017-12-31	2018-01-31	13F-HR	View on EDGAR
2017-09-30	2017-11-15	13F-HR	View on EDGAR
2017-06-30	2017-08-02	13F-HR	View on EDGAR
2017-03-31	2017-05-09	13F-HR	View on EDGAR
2016-12-31	2017-02-16	13F-HR	View on EDGAR
2016-09-30	2016-11-09	13F-HR	View on EDGAR
2016-06-30	2016-08-03	13F-HR	View on EDGAR
2016-03-31	2016-05-06	13F-HR	View on EDGAR
2015-12-31	2016-02-05	13F-HR	View on EDGAR
2015-09-30	2015-10-23	13F-HR	View on EDGAR
2015-06-30	2015-07-23	13F-HR	View on EDGAR
2015-03-31	2015-04-20	13F-HR	View on EDGAR
2014-12-31	2015-02-12	13F-HR	View on EDGAR
2014-09-30	2014-10-21	13F-HR	View on EDGAR
2014-06-30	2014-07-29	13F-HR	View on EDGAR
2014-03-31	2014-05-02	13F-HR	View on EDGAR
2013-12-31	2014-02-28	Amendment	View on EDGAR
2013-12-31	2014-02-12	13F-HR	View on EDGAR
2013-09-30	2014-03-10	13F-HR	View on EDGAR
2013-06-30	2014-03-14	13F-HR	View on EDGAR