TORTOISE CAPITAL ADVISORS, L.L.C.

Registered adviser

CIK

1280965

Location

OVERLAND PARK, KS

Portfolio Value

Mid $9,837,017,617

Diversification

Diversified

Reports for

EXCHANGE TRADED CONCEPTS, LLC

Files via

EXCHANGE TRADED CONCEPTS, LLC

Filing Date

Global Rank

#548 / 8,818 ▼ 55

Top Industry

Oil & Gas Midstream 82.9%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 123711

Roster of Oct 1, 2026

Regulatory AUM

$8,928,633,630

Main clients

Registered funds and BDCs (67% of AUM)

Private funds

1 fund · Other private funds

Focus by fund count, roster of Oct 1, 2026

$0 gross assets

Registered funds advised

9 series (0 index, 5 ETFs)

$5,758,682,119 net assets· N-CEN Nov 30, 2025

LEI

2549002CGOZK5RQVXG26

Private funds on Schedule D 7.B.(1)

As filed Aug 2, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$85,269,771 gross assets in 2 funds Other private funds $77,130,422 (1) Hedge funds $8,139,349 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$8,928,633,630	Registered funds and BDCs (67%)
Apr 2025 to Mar 2026	$8,444,747,246	Registered funds and BDCs (62%)
Apr 2024 to Mar 2025	$6,906,161,911	Registered funds and BDCs (62%)
May 2023 to Mar 2024	$7,253,089,278	Registered funds and BDCs (65%)
Apr 2023	$7,253,089,278	Registered funds and BDCs (65%)
Apr 2022 to Mar 2023	$7,095,461,456	Registered funds and BDCs (64%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 63.9% of the book (60%+)

Turnover

Low turnover

17.7% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 22.2 quarters (12+), a floor since 78.0% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 95.2%; sector active share 88.7% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

91 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

9.6%

+0.4 pts

Top 5

39.6%

−1.7 pts

Top 10

63.9%

−2.3 pts

HHI

491

Diversified−39

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Energy	87.0%	$8,560,676,392	41
Utilities	6.9%	$680,831,158	14
Industrials	3.0%	$296,946,466	13
Technology	2.4%	$235,299,240	17
Financial Services	0.4%	$39,825,907	4
Communication Services	0.1%	$11,959,265	1
Consumer Cyclical	0.1%	$11,479,189	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
EPD	Enterprise Products Partners L.P.	+3,775,362	18,636,746	$685,086,782
PAA	Plains All American Pipeline LP	+2,810,890	13,603,422	$302,812,172
PBA	Pembina Pipeline Corp	+640,542	4,623,490	$213,836,411
ETR	Entergy Corp	+522,925	951,677	$109,309,620
LNG	Cheniere Energy, Inc.	+383,398	2,941,182	$702,971,908
CNP	Centerpoint Energy Inc	+323,873	1,100,699	$48,474,783
NI	Nisource Inc.	+295,913	992,110	$47,174,830
DVN	Devon Energy Corp	+273,829	443,670	$18,332,444
WULF	Terawulf Inc.	+255,360	555,552	$13,722,134
OKE	Oneok Inc	+251,320	6,343,979	$551,545,533
CIFR	Cipher Digital Inc.	+250,344	544,776	$13,347,012
AR	ANTERO RESOURCES Corp	+133,270	499,277	$17,544,593
MTZ	Mastec Inc	+125,391	143,731	$59,800,719
IREN	IREN Ltd	+107,160	233,472	$10,676,674
OVV	Ovintiv Inc.	+88,697	318,847	$16,787,294
FANG	Diamondback Energy, Inc.	+80,260	131,944	$23,193,116
PWR	Quanta Services, Inc.	+76,960	88,892	$64,005,795
EQT	EQT Corp	+74,530	767,234	$40,793,831
DTE	Dte Energy Co	+67,315	190,541	$29,032,732
VRT	Vertiv Holdings Co	+60,290	96,196	$32,208,344
HUT	Hut 8 Corp.	+48,602	87,866	$10,143,690
NVT	nVent Electric plc	+46,512	101,518	$17,218,467
GEV	GE Vernova Inc.	+45,768	49,201	$57,804,286
KGS	Kodiak Gas Services, Inc.	+42,223	768,470	$57,735,150
CRDO	Credo Technology Group Holding Ltd	+31,464	68,512	$18,631,838
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
KMI	Kinder Morgan, Inc.	−3,643,289	4,210,122	$134,597,600
MPLX	Mplx LP	−2,760,115	10,500,469	$591,491,418
CWEN	Clearway Energy, Inc.	−2,345,787	236,351	$8,078,477
WES	Western Midstream Partners, LP	−2,273,474	6,506,154	$284,709,298
ET	Energy Transfer LP	−1,465,823	37,997,055	$726,503,683
AM	Antero Midstream Corp	−975,910	10,183,484	$231,674,260
ENB	Enbridge Inc	−734,602	5,961,957	$323,197,688
TRP	Tc Energy Corp	−713,336	7,294,330	$483,541,135
PAGP	Plains Gp Holdings LP	−682,302	11,116,796	$269,804,638
EVRG	Evergy, Inc.	−653,250	614,254	$53,089,973
CORZ	Core Scientific, Inc.	−653,196	453,530	$11,605,832
SRE	Sempra	−315,481	814,192	$75,483,740
WMB	Williams Companies, Inc.	−250,495	11,248,639	$836,223,822
HESM	Hess Midstream LP	−230,725	4,236,214	$159,281,646
WEC	Wec Energy Group, Inc.	−115,990	36,408	$4,251,362
CEG	Constellation Energy Corp	−56,413	340,376	$84,539,187
VST	Vistra Corp.	−52,165	424,040	$67,265,465
SUN	Sunoco LP	−36,525	778,973	$52,580,677
DTM	DT Midstream, Inc.	−31,592	2,975,967	$436,693,397
CQP	Cheniere Energy Partners, L.P.	−26,071	1,080,566	$65,860,497
TRGP	Targa Resources Corp.	−17,270	3,529,491	$946,397,716
EE	Excelerate Energy, Inc.	−16,969	1,166,178	$44,303,102
SOBO	South Bow Corp	−16,532	943,552	$33,250,772
TLN	Talen Energy Corp	−13,909	125,132	$48,083,222
PUMP	ProPetro Holding Corp.	−9,102	472,192	$6,771,233
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
VG	Venture Global, Inc.	9,559,853	$106,401,163
AEP	American Electric Power Co Inc	308,617	$42,221,891
SEI	Solaris Energy Infrastructure, Inc.	293,332	$23,601,492
OXY	Occidental Petroleum Corp	477,971	$23,215,051
INIO	Innio N.V.	365,036	$14,437,173
HPE	Hewlett Packard Enterprise Co	203,922	$9,198,921
RIOT	Riot Platforms, Inc.	192,966	$5,283,409
FIX	Comfort Systems USA Inc	2,320	$4,598,124
APLD	Applied Digital Corp.	110,620	$4,126,126
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
XEL	Xcel Energy Inc	440,626	$35,003,329
CMS	Cms Energy Corp	223,947	$17,373,808
—		403,440	$14,176,882
FRMI	Fermi Inc.	2,280,837	$13,320,088
PRIM	Primoris Services Corp	29,558	$4,227,976
SO	Southern Co	42,495	$4,101,617
FPS	Forgent Power Solutions, Inc.	62,692	$1,834,994
P	Everpure, Inc.	24,848	$1,467,025
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

91 tracked positions · $9,837,017,617 total · filing declares 111 positions · $9,837,083,733 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Energy Financial Services Industrials Technology Utilities

Showing 1–50 of 91 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
TRGP	Targa Resources Corp. Energy	Reduced	3,529,491	-17,270	$946,397,716	+6.4%	26+	before history	9.62%
WMB	Williams Companies, Inc. Energy	Reduced	11,248,639	-250,495	$836,223,822	−0.1%	26+	before history	8.50%
ET	Energy Transfer LP Energy	Reduced	37,997,055	-1,465,823	$726,503,683	−4.6%	26+	before history	7.39%
LNG	Cheniere Energy, Inc. Energy	Added	2,941,182	+383,398	$702,971,908	−3.1%	26+	before history	7.15%
EPD	Enterprise Products Partners L.P. Energy	Added	18,636,746	+3,775,362	$685,086,782	+21.8%	26+	before history	6.96%
MPLX	Mplx LP Energy	Reduced	10,500,469	-2,760,115	$591,491,418	−21.8%	26+	before history	6.01%
OKE	Oneok Inc Energy	Added	6,343,979	+251,320	$551,545,533	+0.2%	26+	before history	5.61%
TRP	Tc Energy Corp Energy	Reduced	7,294,330	-713,336	$483,541,135	−3.5%	26+	before history	4.92%
DTM	DT Midstream, Inc. Energy	Reduced	2,975,967	-31,592	$436,693,397	+7.8%	20	$83.32	4.44%
ENB	Enbridge Inc Energy	Reduced	5,961,957	-734,602	$323,197,688	−10.9%	26+	before history	3.29%
PAA	Plains All American Pipeline LP Energy	Added	13,603,422	+2,810,890	$302,812,172	+25.6%	26+	before history	3.08%
WES	Western Midstream Partners, LP Energy	Reduced	6,506,154	-2,273,474	$284,709,298	−21.2%	26+	before history	2.89%
PAGP	Plains Gp Holdings LP Energy	Reduced	11,116,796	-682,302	$269,804,638	−5.8%	26+	before history	2.74%
AM	Antero Midstream Corp Energy	Reduced	10,183,484	-975,910	$231,674,260	−8.9%	26+	before history	2.36%
PBA	Pembina Pipeline Corp Energy	Added	4,623,490	+640,542	$213,836,411	+19.9%	26+	before history	2.17%
HESM	Hess Midstream LP Energy	Reduced	4,236,214	-230,725	$159,281,646	−8.3%	26+	before history	1.62%
KMI	Kinder Morgan, Inc. Energy	Reduced	4,210,122	-3,643,289	$134,597,600	−48.9%	26+	before history	1.37%
ETR	Entergy Corp Utilities	Added	951,677	+522,925	$109,309,620	+126.9%	5	$101.11	1.11%
VG	Venture Global, Inc. Energy	NEW	9,559,853	NEW	$106,401,163	NEW	1	$12.65	1.08%
CEG	Constellation Energy Corp Utilities	Reduced	340,376	-56,413	$84,539,187	−23.7%	18	$217.75	0.86%
SRE	Sempra Utilities	Reduced	814,192	-315,481	$75,483,740	−31.2%	26+	before history	0.77%
VST	Vistra Corp. Utilities	Reduced	424,040	-52,165	$67,265,465	−6.0%	11	$97.34	0.68%
CQP	Cheniere Energy Partners, L.P. Energy	Reduced	1,080,566	-26,071	$65,860,497	−7.9%	26+	before history	0.67%
PWR	Quanta Services, Inc. Industrials	Added	88,892	+76,960	$64,005,795	+877.1%	4	$648.82	0.65%
MTZ	Mastec Inc Industrials	Added	143,731	+125,391	$59,800,719	+913.4%	4	$360.10	0.61%
NRG	Nrg Energy, Inc. Utilities	Added	405,440	+10,140	$59,218,566	+2.5%	4	$157.47	0.60%
GEV	GE Vernova Inc. Industrials	Added	49,201	+45,768	$57,804,286	+1829.0%	4	$995.80	0.59%
KGS	Kodiak Gas Services, Inc. Energy	Added	768,470	+42,223	$57,735,150	+36.3%	13	unpriced	0.59%
EVRG	Evergy, Inc. Utilities	Reduced	614,254	-653,250	$53,089,973	−48.9%	5	$67.74	0.54%
SUN	Sunoco LP Energy	Reduced	778,973	-36,525	$52,580,677	−0.8%	13	$54.61	0.53%
CNP	Centerpoint Energy Inc Utilities	Added	1,100,699	+323,873	$48,474,783	+44.6%	5	$38.99	0.49%
TLN	Talen Energy Corp Utilities	Reduced	125,132	-13,909	$48,083,222	+8.3%	4	$363.11	0.49%
NI	Nisource Inc. Utilities	Added	992,110	+295,913	$47,174,830	+45.2%	5	$42.01	0.48%
EE	Excelerate Energy, Inc. Energy	Reduced	1,166,178	-16,969	$44,303,102	+12.0%	17	$25.32	0.45%
AEP	American Electric Power Co Inc Utilities	NEW	308,617	NEW	$42,221,891	NEW	1	$131.73	0.43%
VLO	Valero Energy Corp Energy	Reduced	158,847	-8,547	$41,370,112	+0.0%	4	$195.50	0.42%
MPC	Marathon Petroleum Corp Energy	Reduced	161,222	-8,482	$41,219,628	−0.5%	8	$196.54	0.42%
EQT	EQT Corp Energy	Added	767,234	+74,530	$40,793,831	−7.5%	26+	before history	0.41%
SOBO	South Bow Corp Energy	Reduced	943,552	-16,532	$33,250,772	+3.9%	7	$24.53	0.34%
VRT	Vertiv Holdings Co Industrials	Added	96,196	+60,290	$32,208,344	+258.0%	4	$256.93	0.33%
MU	Micron Technology Inc Technology	Added	27,310	+4,570	$31,523,659	+310.3%	3	$381.91	0.32%
DTE	Dte Energy Co Utilities	Added	190,541	+67,315	$29,032,732	+61.1%	26+	before history	0.30%
DELL	Dell Technologies Inc. Technology	Added	62,504	+1,252	$26,967,975	+168.3%	4	$136.90	0.27%
SNDK	Sandisk Corp Technology	Added	10,918	+6,524	$24,824,584	+789.2%	3	$933.60	0.25%
SEI	Solaris Energy Infrastructure, Inc. Energy	NEW	293,332	NEW	$23,601,492	NEW	1	$71.46	0.24%
OXY	Occidental Petroleum Corp Energy	NEW	477,971	NEW	$23,215,051	NEW	1	$56.78	0.24%
FANG	Diamondback Energy, Inc. Energy	Added	131,944	+80,260	$23,193,116	+126.9%	2	$184.57	0.24%
CIEN	Ciena Corp Technology	Added	46,850	+21,432	$22,982,736	+132.9%	4	$314.43	0.23%
WDC	Western Digital Corp Technology	Added	31,574	+3,668	$20,166,945	+167.2%	4	$199.74	0.21%
STX	Seagate Technology Holdings plc Technology	Added	20,722	+1,734	$19,996,730	+168.8%	2	$413.46	0.20%

Showing the top 50 of 91 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.