Tortoise Capital Advisors, L.L.C.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 10, 2024), Tortoise Capital Advisors, L.L.C. reported 84 stock positions worth $7.2 billion. Its top holding was Targa Resources (TRGP) at 10.0% of the portfolio, followed by MPLX (MPLX, 8.4%) and Oneok (OKE, 7.3%). Compared with Q4 2023, it opened 4 new positions, sold out of 17, added to 22 and reduced 40. The biggest buy was MPLX (MPLX, shares +25%) and the biggest sale Cheniere Energy (LNG, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- OVERLAND PARK, KS
- CIK
- 0001280965
- Portfolio Value
- $7.2B (Q1 2024)
- SEC Filing
- 0001280965-24-000039 ↗ filed May 10, 2024
Holdings Value
Holdings 84 stocks · $7.2B
| TRGP Targa Resources Corp. | 10.03% | 6,410,722 | $717.9M | Reduce -5.6% |
| MPLX MPLX LP | 8.40% | 14,472,581 | $601.5M | Add +25.2% |
| OKE Oneok Inc. | 7.35% | 6,563,270 | $526.2M | Reduce -3.4% |
| ET Energy Transfer LP | 7.15% | 32,527,131 | $511.7M | Reduce -8.1% |
| WMB Williams Cos Inc. | 6.82% | 12,525,462 | $488.1M | Reduce -0.8% |
| LNG Cheniere Energy Inc. | 6.69% | 2,969,311 | $478.9M | Reduce -0.7% |
| EPD Enterprise Products Partners | 6.31% | 15,479,999 | $451.7M | Add +6.5% |
| PAA Plains All Amer Pipeline LP | 4.61% | 18,796,780 | $330.1M | Add +2.4% |
| WES Western Midstream Partners L | 4.26% | 8,587,461 | $305.3M | Reduce -9.2% |
| KMI Kinder Morgan Inc. | 3.51% | 13,717,810 | $251.6M | Reduce -6.3% |
| HESM Hess Midstream LP Class A | 3.33% | 6,605,951 | $238.7M | Add +50.5% |
| ENLC Enlink Midstream LLC | 2.84% | 14,898,008 | $203.2M | Reduce -6.7% |
| PAGP Plains GP Holdings LP | 2.79% | 10,963,789 | $200.1M | Reduce -5.0% |
| ENB Enbridge Inc. | 2.19% | 4,329,060 | $156.6M | Reduce -25.5% |
| PBA Pembina Pipeline Corp. | 2.10% | 4,251,511 | $150.1M | Reduce -13.4% |
| NEE Nextera Energy Inc. | 1.46% | 1,630,785 | $104.2M | Add +3.5% |
| NS Nustar Energy LP | 1.28% | 3,948,859 | $91.9M | Add +1.6% |
| TRP TC Energy Corp. | 1.23% | 2,185,964 | $87.9M | Reduce -2.6% |
| ETRN Equitrans Midstream Corp. | 1.14% | 6,562,500 | $82.0M | Reduce -0.7% |
| XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP | 1.07% | 2,546,344 | $76.6M | Reduce -3.2% |
| AM Antero Midstream Corp. | 1.06% | 5,378,959 | $75.6M | Add +8.5% |
| CEG Constellation Energy | 0.95% | 369,203 | $68.2M | Add +19.5% |
| CWEN Clearway Energy Inc. Class C | 0.90% | 2,797,217 | $64.5M | Reduce -8.3% |
| DTM DT Midstream Inc. | 0.82% | 963,666 | $58.9M | Add +11.1% |
| SRE Sempra | 0.74% | 734,924 | $52.8M | Add +13.9% |
| EXC Exelon Corp. | 0.69% | 1,320,630 | $49.6M | Add +4.0% |
| EIX Edison International | 0.65% | 660,178 | $46.7M | Add +13.6% |
| AY Atlantica Sustainable Infras | 0.60% | 2,307,554 | $42.6M | Reduce -2.2% |
| CQP Cheniere Energy Partners LP | 0.53% | 771,996 | $38.1M | Reduce -5.5% |
| D Dominion Energy Inc. | 0.49% | 715,062 | $35.2M | Add +12.7% |
| RNW Renew Energy Global PLC-A | 0.42% | 5,068,471 | $30.4M | Add +2.4% |
| PEG Public Service Enterprise GP | 0.42% | 454,124 | $30.3M | Add +10.8% |
| KGS Kodiak Gas Services Inc. | 0.42% | 1,087,530 | $29.7M | Add +112.1% |
| TEL Te Connectivity Ltd. | 0.39% | 191,343 | $27.8M | Reduce -2.0% |
| HUBB Hubbell Inc. | 0.37% | 63,975 | $26.6M | Add +30.1% |
| COP Conocophillips | 0.33% | 187,936 | $23.9M | No change |
| AEP American Electric Power | 0.31% | 258,173 | $22.2M | Reduce -42.5% |
| EQT Eqt Corp. | 0.31% | 592,778 | $22.0M | No change |
| KNTK Kinetik Holdings Inc. | 0.30% | 544,770 | $21.7M | Reduce -0.9% |
| AVA Avista Corp. | 0.30% | 609,817 | $21.4M | Add +114.1% |
| FANG Diamondback Energy Inc. | 0.28% | 102,929 | $20.4M | Reduce -1.4% |
| PXD Pioneer Natural Resources Co. | 0.26% | 72,193 | $19.0M | No change |
| AES AES Corp. | 0.26% | 1,048,873 | $18.8M | Reduce -17.3% |
| DTE DTE Energy Company | 0.25% | 156,542 | $17.6M | Reduce -39.5% |
| AEE Ameren Corporation | 0.24% | 229,147 | $16.9M | Reduce -29.8% |
| NEXT Nextdecade Corp. | 0.23% | 2,910,172 | $16.5M | No change |
| CMS CMS Energy Corp. | 0.21% | 250,513 | $15.1M | New |
| GEL Genesis Energy L.P. | 0.21% | 1,321,251 | $14.7M | Reduce -18.6% |
| VST Vistra Corp. | 0.20% | 205,086 | $14.3M | Add +65.8% |
| CTRA Coterra Energy Inc. | 0.19% | 482,792 | $13.5M | No change |
| DVN Devon Energy Corp. | 0.18% | 262,959 | $13.2M | No change |
| EE Excelerate Energy Inc. Class A | 0.17% | 739,144 | $11.8M | Reduce -0.8% |
| PSX Phillips 66 | 0.16% | 71,283 | $11.6M | No change |
| RUN Sunrun Inc. | 0.14% | 763,855 | $10.1M | Reduce -19.6% |
| SO The Southern Co. | 0.14% | 136,706 | $9.8M | Add +18.3% |
| OVV Ovintiv Inc. | 0.14% | 187,335 | $9.7M | No change |
| XEL Xcel Energy Inc. | 0.13% | 177,716 | $9.6M | Reduce -62.2% |
| NFE New Fortress Energy Inc. | 0.12% | 285,719 | $8.7M | Reduce -48.7% |
| NXPI NXP Semiconductors NV | 0.10% | 28,308 | $7.0M | New |
| LNT Alliant Energy Corp. | 0.10% | 136,852 | $6.9M | Reduce -0.1% |
| APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC | 0.10% | 85,405 | $6.8M | Add +12.9% |
| SEDG Solaredge Technologies Inc. | 0.07% | 75,678 | $5.4M | Reduce -40.9% |
| XOM Exxon Mobil Corp. | 0.07% | 44,004 | $5.1M | Reduce -0.0% |
| ADSK Autodesk Inc. | 0.06% | 15,400 | $4.0M | Add +3.7% |
| CVX Chevron Corp. | 0.04% | 19,528 | $3.1M | No change |
| AWK American Water Works Co. Inc. | 0.04% | 25,009 | $3.1M | Reduce -3.4% |
| EOG EOG Resources Inc. | 0.04% | 23,081 | $3.0M | No change |
| WLKP Westlake Chemical Partners L | 0.04% | 132,811 | $2.9M | No change |
| OXY Occidental Petroleum Corp. | 0.04% | 44,524 | $2.9M | No change |
| MRO Marathon Oil Corp. | 0.03% | 81,699 | $2.3M | No change |
| WTRG Essential Utilities Inc. | 0.03% | 61,384 | $2.3M | Reduce -59.7% |
| FSLR First Solar Inc. | 0.03% | 11,562 | $2.0M | Reduce -58.8% |
| TT Trane Technologies PLC | 0.02% | 5,525 | $1.7M | Reduce -19.3% |
| SU Suncor Energy Inc. | 0.02% | 40,528 | $1.5M | No change |
| BKR Baker Hughes Co. | 0.02% | 38,763 | $1.3M | No change |
| GLP Global Partners LP | 0.02% | 24,362 | $1.1M | Reduce -32.2% |
| TXO Txo Partners LP | 0.01% | 50,000 | $898K | No change |
| ENPH Enphase Energy Inc. | 0.01% | 4,348 | $526K | New |
| MNR Mach Natural Resources LP | 0.01% | 26,315 | $508K | No change |
| PBF PBF Energy Inc. Class A | 0.01% | 8,275 | $476K | No change |
| NGL NGL Energy Partners LP | 0.00% | 61,400 | $354K | Reduce -31.3% |
| SUN Sunoco LP | 0.00% | 5,110 | $308K | Reduce -38.4% |
| XTEAX Tortoise Sust&social Imp Ter filed as ECOFIN SUSTAINABLE AND SOCIA | 0.00% | 19,362 | $229K | New |
| XYL Xylem Inc. | 0.00% | 1,760 | $227K | Reduce -85.8% |
Portfolio Sells Q4 2023 → Q1 2024
| LNG Cheniere Energy Inc. | Reduce -0.7% | 6.69% | −1.19 |
| ENB Enbridge Inc. | Reduce -25.5% | 2.19% | −1.04 |
| KMI Kinder Morgan Inc. | Reduce -6.3% | 3.51% | −0.47 |
| ET Energy Transfer LP | Reduce -8.1% | 7.15% | −0.39 |
| CWEN Clearway Energy Inc. Class C | Reduce -8.3% | 0.90% | −0.39 |
| XEL Xcel Energy Inc. | Reduce -62.2% | 0.13% | −0.32 |
| PBA Pembina Pipeline Corp. | Reduce -13.4% | 2.10% | −0.27 |
| AEP American Electric Power | Reduce -42.5% | 0.31% | −0.25 |
| NFE New Fortress Energy Inc. | Reduce -48.7% | 0.12% | −0.20 |
| DTE DTE Energy Company | Reduce -39.5% | 0.25% | −0.20 |
| AY Atlantica Sustainable Infras | Reduce -2.2% | 0.60% | −0.19 |
| XIFR XPLR Infrastructure LP | Reduce -3.2% | 1.07% | −0.16 |
| ENLC Enlink Midstream LLC | Reduce -6.7% | 2.84% | −0.16 |
| RUN Sunrun Inc. | Reduce -19.6% | 0.14% | −0.15 |
| AEE Ameren Corporation | Reduce -29.8% | 0.24% | −0.13 |
| TRP TC Energy Corp. | Reduce -2.6% | 1.23% | −0.13 |
| AES AES Corp. | Reduce -17.3% | 0.26% | −0.11 |
| SEDG Solaredge Technologies Inc. | Reduce -40.9% | 0.07% | −0.11 |
| CQP Cheniere Energy Partners LP | Reduce -5.5% | 0.53% | −0.09 |
| GEL Genesis Energy L.P. | Reduce -18.6% | 0.21% | −0.08 |
| WTRG Essential Utilities Inc. | Reduce -59.7% | 0.03% | −0.06 |
| FSLR First Solar Inc. | Reduce -58.8% | 0.03% | −0.05 |
| PAGP Plains GP Holdings LP | Reduce -5.0% | 2.79% | −0.05 |
| TEL Te Connectivity Ltd. | Reduce -2.0% | 0.39% | −0.04 |
| NOVAQ Sunnova Energy International | Sold out | 0.00% | −0.03 |
| XYL Xylem Inc. | Reduce -85.8% | 0.00% | −0.02 |
| OKE Oneok Inc. | Reduce -3.4% | 7.35% | −0.01 |
| EE Excelerate Energy Inc. Class A | Reduce -0.8% | 0.17% | −0.01 |
| LNT Alliant Energy Corp. | Reduce -0.1% | 0.10% | −0.01 |
| IEX Idex Corp. | Sold out | 0.00% | −0.01 |
| PNR Pentair PLC | Sold out | 0.00% | −0.01 |
| ACM Aecom | Sold out | 0.00% | −0.01 |
| HTO H2O America | Sold out | 0.00% | −0.01 |
| TTEK Tetra Tech Inc. | Sold out | 0.00% | −0.01 |
| AWK American Water Works Co. Inc. | Reduce -3.4% | 0.04% | −0.01 |
| BMI Badger Meter Inc. | Sold out | 0.00% | −0.01 |
| GLP Global Partners LP | Reduce -32.2% | 0.02% | −0.01 |
| STN Stantec Inc. | Sold out | 0.00% | −0.01 |
| WMS Advanced Drainage Systems Inc. | Sold out | 0.00% | −0.01 |
| LNN Lindsay Corp. | Sold out | 0.00% | −0.01 |
| WES Western Midstream Partners L | Reduce -9.2% | 4.26% | −0.01 |
| AWR American States Water Co. | Sold out | 0.00% | −0.01 |
| CNM Core & Main Inc. Class A | Sold out | 0.00% | −0.01 |
| ECL Ecolab Inc. | Sold out | 0.00% | −0.01 |
| ONT Onterris Inc. | Sold out | 0.00% | −0.01 |
| VLTO Veralto Corp. | Sold out | 0.00% | −0.00 |
| SUN Sunoco LP | Reduce -38.4% | 0.00% | −0.00 |
| MWA Mueller Water Products Inc. Class A | Sold out | 0.00% | −0.00 |
| NGL NGL Energy Partners LP | Reduce -31.3% | 0.00% | −0.00 |
| TT Trane Technologies PLC | Reduce -19.3% | 0.02% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| MPLX MPLX LP | Add +25.2% | 8.40% | +1.85 |
| HESM Hess Midstream LP Class A | Add +50.5% | 3.33% | +1.19 |
| EPD Enterprise Products Partners | Add +6.5% | 6.31% | +0.40 |
| CEG Constellation Energy | Add +19.5% | 0.95% | +0.40 |
| PAA Plains All Amer Pipeline LP | Add +2.4% | 4.61% | +0.32 |
| KGS Kodiak Gas Services Inc. | Add +112.1% | 0.42% | +0.26 |
| CMS CMS Energy Corp. | New | 0.21% | +0.21 |
| NS Nustar Energy LP | Add +1.6% | 1.28% | +0.16 |
| AVA Avista Corp. | Add +114.1% | 0.30% | +0.14 |
| VST Vistra Corp. | Add +65.8% | 0.20% | +0.13 |
| HUBB Hubbell Inc. | Add +30.1% | 0.37% | +0.12 |
| NXPI NXP Semiconductors NV | New | 0.10% | +0.10 |
| AM Antero Midstream Corp. | Add +8.5% | 1.06% | +0.10 |
| DTM DT Midstream Inc. | Add +11.1% | 0.82% | +0.09 |
| PEG Public Service Enterprise GP | Add +10.8% | 0.42% | +0.04 |
| D Dominion Energy Inc. | Add +12.7% | 0.49% | +0.03 |
| SO The Southern Co. | Add +18.3% | 0.14% | +0.01 |
| EIX Edison International | Add +13.6% | 0.65% | +0.01 |
| ENPH Enphase Energy Inc. | New | 0.01% | +0.01 |
| XTEAX Tortoise Sust&social Imp Ter | New | 0.00% | +0.00 |
| ADSK Autodesk Inc. | Add +3.7% | 0.06% | +0.00 |
| SRE Sempra | Add +13.9% | 0.74% | −0.01 |
| APTV Aptiv Irish Holdings Ltd. | Add +12.9% | 0.10% | −0.01 |
| EXC Exelon Corp. | Add +4.0% | 0.69% | −0.01 |
| NEE Nextera Energy Inc. | Add +3.5% | 1.46% | −0.02 |
| RNW Renew Energy Global PLC-A | Add +2.4% | 0.42% | −0.16 |
Notes & Other Activity Q4 2023 → Q1 2024
| 0 | 0 | New | 0 | $0 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 91 | $9.8B | TRGP, WMB, ET, LNG, EPD |
| Q1 2026 | 90 | $9.6B | TRGP, WMB, ET, MPLX, LNG |
| Q4 2025 | 84 | $7.9B | MPLX, WMB, ET, TRGP, TRP |
| Q3 2025 | 82 | $7.8B | WMB, MPLX, ET, LNG, TRP |
| Q2 2025 | 55 | $7.7B | WMB, MPLX, ET, LNG, TRGP |
| Q1 2025 | 51 | $8.3B | TRGP, MPLX, OKE, ET, LNG |
| Q4 2024 | 50 | $7.8B | TRGP, ET, MPLX, LNG, WMB |
| Q3 2024 | 84 | $7.8B | TRGP, MPLX, ET, OKE, LNG |
| Q2 2024 | 81 | $7.6B | TRGP, MPLX, ET, LNG, OKE |
| Q1 2024 | 84 | $7.2B | TRGP, MPLX, OKE, ET, WMB |