TORTOISE INDEX SOLUTIONS, LLC

CIK

1650373

Location

LEAWOOD, KS

Portfolio Value

Small $485,014,062

Diversification

Diversified

Filing Date

Global Rank

#3,060 / 7,434 ▼ 301 · as of Mar 2024

Top Industry

Oil & Gas Midstream 73.6%

Period ended 2 years ago

Filed May 10, 2024 · 2y

17 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

Unknown

Portfolio style

Measured from the filed 13F common-share book for Mar 31, 2024, never from the firm's own description.

Style

Concentrated

The top 10 positions are 60.2% of the book (60%+)

Turnover

Low turnover

7.4% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 16.3 quarters (12+), a floor since 90.7% of the book was already held when coverage starts

Closest benchmark: the S&P MidCap 400 as of 2024-03-31, active share 97.0%; sector active share 86.9% against the combined 13F book's sector weights.

Over time 17 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.

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Portfolio Concentration

64 tracked positions · as of Mar 31, 2024 · Δ vs Dec 31, 2023

Top Position

7.7%

−0.0 pts

Top 5

37.2%

−0.4 pts

Top 10

60.2%

−0.8 pts

HHI

458

Diversified−12

Portfolio Trend

17 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2024

Sector	% Portfolio	Value	Positions
Energy	76.8%	$372,313,414	31
Utilities	15.9%	$77,132,877	12
Industrials	5.2%	$25,185,934	16
Unclassified	1.1%	$5,422,664	3
Basic Materials	0.8%	$4,028,281	1
Technology	0.2%	$930,892	1

Last Quarter's Activity

Export CSV

Mar 31, 2024 vs Dec 31, 2023

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
KNTK	Kinetik Holdings Inc.	+14,179	58,286	$2,323,862
CNM	Core & Main, Inc.	+8,828	33,438	$1,914,325
LNG	Cheniere Energy, Inc.	+2,866	216,193	$34,867,607
STN	Stantec Inc	+362	22,360	$1,856,774
AWK	American Water Works Company, Inc.	+324	27,300	$3,336,333
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ET	Energy Transfer LP	−328,990	1,238,052	$19,474,558
KMI	Kinder Morgan, Inc.	−295,538	1,794,668	$32,914,211
TRP	Tc Energy Corp	−166,432	878,332	$35,308,946
WMB	Williams Companies, Inc.	−142,379	962,727	$37,517,471
ENB	Enbridge Inc	−132,468	1,003,379	$36,302,252
PAA	Plains All American Pipeline LP	−129,881	472,495	$8,297,012
—		−129,803	725,054	$0
EPD	Enterprise Products Partners L.P.	−125,746	669,875	$19,546,952
OKE	Oneok Inc	−125,198	453,260	$36,337,854
NI	Nisource Inc.	−123,541	691,842	$19,136,349
AM	Antero Midstream Corp	−102,041	569,981	$8,013,932
PBA	Pembina Pipeline Corp	−100,974	533,672	$18,859,968
MPLX	Mplx LP	−99,889	363,384	$15,102,239
—		−71,173	397,556	$5,422,664
TRGP	Targa Resources Corp.	−66,837	179,849	$20,141,289
PAGP	Plains Gp Holdings LP	−55,989	203,680	$3,717,160
WES	Western Midstream Partners, LP	−54,091	196,775	$6,995,351
AROC	Archrock, Inc.	−41,143	229,821	$4,520,579
—		−32,298	117,496	$0
GEL	Genesis Energy LP	−31,756	115,526	$1,284,649
NJR	New Jersey Resources Corp	−27,987	164,510	$7,059,124
DTM	DT Midstream, Inc.	−27,550	100,557	$6,144,032
NFG	National Fuel Gas Co	−26,992	154,174	$8,282,227
ATO	Atmos Energy Corp	−21,300	162,817	$19,354,056
NFE	New Fortress Energy Inc.	−19,656	109,797	$3,358,690
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
VLTO	Veralto Corp	30,748	$2,726,117
ONT	Onterris, Inc.	5,444	$213,241
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
AWR	American States Water Co	7,332	$589,639
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

64 tracked positions · $485,014,062 total · filing declares 64 positions · $496,785,573 · as of Mar 31, 2024

All sectors Basic Materials Energy Industrials Technology Utilities

Showing 1–50 of 64 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
WMB	Williams Companies, Inc. Energy	Reduced	962,727	-142,379	$37,517,471	−2.5%	17+	before history	7.74%
OKE	Oneok Inc Energy	Reduced	453,260	-125,198	$36,337,854	−10.5%	17+	before history	7.49%
ENB	Enbridge Inc Energy	Reduced	1,003,379	-132,468	$36,302,252	−11.3%	17+	before history	7.48%
TRP	Tc Energy Corp Energy	Reduced	878,332	-166,432	$35,308,946	−13.5%	17+	before history	7.28%
LNG	Cheniere Energy, Inc. Energy	Added	216,193	+2,866	$34,867,607	−4.3%	17+	before history	7.19%
KMI	Kinder Morgan, Inc. Energy	Reduced	1,794,668	-295,538	$32,914,211	−10.7%	17+	before history	6.79%
TRGP	Targa Resources Corp. Energy	Reduced	179,849	-66,837	$20,141,289	−6.0%	17+	before history	4.15%
EPD	Enterprise Products Partners L.P. Energy	Reduced	669,875	-125,746	$19,546,952	−6.8%	17+	before history	4.03%
ET	Energy Transfer LP Energy	Reduced	1,238,052	-328,990	$19,474,558	−9.9%	17+	before history	4.02%
ATO	Atmos Energy Corp Utilities	Reduced	162,817	-21,300	$19,354,056	−9.3%	17+	before history	3.99%
NI	Nisource Inc. Utilities	Reduced	691,842	-123,541	$19,136,349	−11.6%	17+	before history	3.95%
PBA	Pembina Pipeline Corp Energy	Reduced	533,672	-100,974	$18,859,968	−13.7%	17+	before history	3.89%
MPLX	Mplx LP Energy	Reduced	363,384	-99,889	$15,102,239	−11.2%	17+	before history	3.11%
PAA	Plains All American Pipeline LP Energy	Reduced	472,495	-129,881	$8,297,012	−9.1%	17+	before history	1.71%
NFG	National Fuel Gas Co Energy	Reduced	154,174	-26,992	$8,282,227	−8.9%	17+	before history	1.71%
AM	Antero Midstream Corp Energy	Reduced	569,981	-102,041	$8,013,932	−4.8%	17+	before history	1.65%
SWX	Southwest Gas Holdings, Inc. Utilities	Reduced	100,539	-17,995	$7,654,034	+1.9%	17+	before history	1.58%
NJR	New Jersey Resources Corp Utilities	Reduced	164,510	-27,987	$7,059,124	−17.7%	17+	before history	1.46%
WES	Western Midstream Partners, LP Energy	Reduced	196,775	-54,091	$6,995,351	−4.7%	17+	before history	1.44%
DTM	DT Midstream, Inc. Energy	Reduced	100,557	-27,550	$6,144,032	−12.5%	11	unpriced	1.27%
OGS	ONE Gas, Inc. Utilities	Reduced	92,801	-16,614	$5,988,448	−14.1%	17+	before history	1.23%
SR	Spire Inc Utilities	Reduced	92,013	-11,777	$5,646,837	−12.7%	17+	before history	1.16%
		Reduced	397,556	-71,173	$5,422,664	−4.9%	17+	before history	1.12%
AROC	Archrock, Inc. Energy	Reduced	229,821	-41,143	$4,520,579	+8.3%	11	$8.38	0.93%
ECL	Ecolab Inc. Basic Materials	Reduced	17,446	-1,365	$4,028,281	+8.0%	13	$200.80	0.83%
CPK	Chesapeake Utilities Corp Utilities	Reduced	37,210	-5,521	$3,992,633	−11.5%	17+	before history	0.82%
XYL	Xylem Inc. Industrials	Reduced	30,866	-2,874	$3,989,121	+3.4%	17+	before history	0.82%
PAGP	Plains Gp Holdings LP Energy	Reduced	203,680	-55,989	$3,717,160	−10.3%	17+	before history	0.77%
SUN	Sunoco LP Energy	Reduced	57,535	-15,815	$3,468,785	−21.1%	17+	before history	0.72%
NFE	New Fortress Energy Inc. Energy	Reduced	109,797	-19,656	$3,358,690	−31.2%	17+	before history	0.69%
AWK	American Water Works Company, Inc. Utilities	Added	27,300	+324	$3,336,333	−6.3%	11	$167.82	0.69%
HESM	Hess Midstream LP Energy	Reduced	82,821	-7,550	$2,992,322	+4.7%	15	$27.93	0.62%
VLTO	Veralto Corp Industrials	NEW	30,748	NEW	$2,726,117	NEW	1	$82.92	0.56%
KNTK	Kinetik Holdings Inc. Energy	Added	58,286	+14,179	$2,323,862	+57.7%	11	unpriced	0.48%
NWN	Northwest Natural Holding Co Utilities	Reduced	61,547	-11,019	$2,290,779	−18.9%	17+	before history	0.47%
PNR	PENTAIR plc Industrials	Reduced	26,272	-2,464	$2,244,679	+7.4%	6	$45.30	0.46%
WMS	Advanced Drainage Systems, Inc. Industrials	Reduced	12,731	-861	$2,192,787	+14.7%	7	$122.16	0.45%
AOS	Smith A O Corp Industrials	Reduced	24,078	-273	$2,154,017	+7.3%	11	$67.80	0.44%
IEX	Idex Corp Industrials	Reduced	8,773	-559	$2,140,787	+5.7%	13	$203.74	0.44%
CQP	Cheniere Energy Partners, L.P. Energy	Reduced	39,230	-8,241	$1,937,569	−18.0%	17+	before history	0.40%
TTEK	Tetra Tech Inc Industrials	Reduced	10,481	-75	$1,935,945	+9.9%	15	$124.78	0.40%
CNM	Core & Main, Inc. Industrials	Added	33,438	+8,828	$1,914,325	+92.5%	8	$31.69	0.39%
STN	Stantec Inc Industrials	Added	22,360	+362	$1,856,774	+5.3%	5	$54.63	0.38%
WTRG	Essential Utilities, Inc. Utilities	Reduced	49,288	-535	$1,826,120	−1.9%	17+	before history	0.38%
USAC	USA Compression Partners, LP Energy	Reduced	61,160	-16,812	$1,631,137	−8.4%	17+	before history	0.34%
GEL	Genesis Energy LP Energy	Reduced	115,526	-31,756	$1,284,649	−24.7%	17+	before history	0.26%
GLP	Global Partners LP Energy	Reduced	28,555	-7,849	$1,267,270	−17.7%	17+	before history	0.26%
WTS	Watts Water Technologies Inc Industrials	Reduced	5,365	-61	$1,140,330	+0.9%	17+	before history	0.24%
BMI	Badger Meter Inc Technology	Reduced	5,753	-65	$930,892	+3.6%	17+	before history	0.19%
ZWS	Zurn Elkay Water Solutions Corp Industrials	Reduced	27,647	-446	$925,345	+12.0%	10	$33.51	0.19%

Showing the top 50 of 64 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.