Tortoise Capital Advisors, L.L.C.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Tortoise Capital Advisors, L.L.C. reported 84 stock positions worth $7.8 billion. Its top holding was Targa Resources (TRGP) at 9.0% of the portfolio, followed by MPLX (MPLX, 8.3%) and Energy Transfer (ET, 7.7%). Compared with Q2 2024, it opened 5 new positions, sold out of 2, added to 20 and reduced 40. The biggest buy was TC Energy (TRP, shares +263%) and the biggest sale Targa Resources (TRGP, shares −25%).

Most Recent 13F
Q2 2026
Location
OVERLAND PARK, KS
CIK
0001280965
Portfolio Value
$7.8B (Q3 2024)
SEC Filing
0001280965-24-000060 ↗ filed Nov 13, 2024

Holdings Value

0$2.0B$4.0B$6.0B$8.0B$10.0B Q1 2024: $7.2B Q1 2024 Q2 2024: $7.6B Q2 2024 Q3 2024: $7.8B $7.8B Q3 2024 Q4 2024: $7.8B Q4 2024 Q1 2025: $8.3B Q1 2025 Q2 2025: $7.7B Q2 2025 Q3 2025: $7.8B Q3 2025 Q4 2025: $7.9B Q4 2025 Q1 2026: $9.6B Q1 2026 Q2 2026: $9.8B Q2 2026

Holdings 84 stocks · $7.8B
TRGP Targa Resources Corp. 8.99% 4,712,378 $697.5M Reduce -24.6%
MPLX MPLX LP 8.27% 14,444,393 $642.2M Reduce -2.6%
ET Energy Transfer LP 7.72% 37,342,200 $599.3M Add +1.8%
OKE Oneok Inc. 7.68% 6,542,947 $596.3M Reduce -3.7%
LNG Cheniere Energy Inc. 7.41% 3,199,370 $575.4M Reduce -1.3%
WMB Williams Cos Inc. 7.24% 12,308,747 $561.9M Reduce -2.9%
EPD Enterprise Products Partners 5.86% 15,634,955 $455.1M Reduce -3.6%
TRP TC Energy Corp. 4.87% 7,942,350 $377.7M Add +263.3%
WES Western Midstream Partners L 3.90% 7,905,073 $302.4M Reduce -7.4%
HESM Hess Midstream LP Class A 3.41% 7,497,163 $264.4M Add +0.9%
KMI Kinder Morgan Inc. 3.19% 11,211,559 $247.7M Add +4.3%
ENB Enbridge Inc. 3.03% 5,791,640 $235.2M Add +27.8%
PAA Plains All Amer Pipeline LP 2.96% 13,246,457 $230.1M Reduce -29.7%
PAGP Plains GP Holdings LP 2.76% 11,585,150 $214.3M Reduce -0.7%
PBA Pembina Pipeline Corp. 2.21% 4,159,991 $171.5M Reduce -8.4%
ENLC Enlink Midstream LLC 1.94% 10,377,247 $150.6M Reduce -28.0%
DTM DT Midstream Inc. 1.45% 1,434,607 $112.8M Add +40.1%
AM Antero Midstream Corp. 1.34% 6,933,712 $104.4M Add +24.3%
NEE Nextera Energy Inc. 1.19% 1,090,755 $92.2M Reduce -13.7%
CEG Constellation Energy 1.05% 313,501 $81.5M Add +3.5%
CWEN Clearway Energy Inc. Class C 1.03% 2,612,374 $80.1M Reduce -5.7%
SRE Sempra 0.96% 886,666 $74.2M Add +20.6%
SUN Sunoco LP 0.93% 1,349,687 $72.5M Reduce -0.1%
VST Vistra Corp. 0.93% 606,072 $71.8M Add +40.4%
EXC Exelon Corp. 0.56% 1,071,586 $43.5M Reduce -22.6%
EIX Edison International 0.46% 405,932 $35.4M Reduce -37.4%
CQP Cheniere Energy Partners LP 0.42% 671,550 $32.7M Add +10.6%
HUBB Hubbell Inc. 0.40% 73,069 $31.3M Add +3.9%
EQT Eqt Corp. 0.38% 810,461 $29.7M Add +36.7%
RUN Sunrun Inc. 0.37% 1,595,190 $28.8M Add +61.0%
KGS Kodiak Gas Services Inc. 0.34% 912,421 $26.5M Reduce -15.5%
XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP 0.34% 954,684 $26.4M Reduce -50.8%
D Dominion Energy Inc. 0.34% 454,387 $26.3M Reduce -36.6%
DTE DTE Energy Company 0.32% 190,544 $24.5M Add +29.5%
FSLR First Solar Inc. 0.31% 94,920 $23.7M New
TEL Te Connectivity PLC 0.30% 156,706 $23.7M Reduce -7.8%
CMS CMS Energy Corp. 0.30% 329,930 $23.3M Add +31.7%
AEP American Electric Power 0.29% 222,426 $22.8M Reduce -1.6%
RNW Renew Energy Global PLC-A 0.29% 3,597,651 $22.6M Reduce -36.5%
KNTK Kinetik Holdings Inc. 0.29% 492,458 $22.3M Reduce -9.4%
AES AES Corp. 0.28% 1,079,482 $21.7M Add +3.5%
AEE Ameren Corporation 0.26% 227,038 $19.9M Reduce -0.0%
EE Excelerate Energy Inc. Class A 0.22% 793,189 $17.5M Reduce -2.6%
FANG Diamondback Energy Inc. 0.22% 100,325 $17.3M No change
TECK Teck Resources Ltd.-CLS B 0.21% 312,046 $16.3M Add +5.0%
XOM Exxon Mobil Corp. 0.19% 127,701 $15.0M No change
PEG Public Service Enterprise GP 0.18% 158,973 $14.2M Reduce -33.5%
NXPI NXP Semiconductors NV 0.18% 58,188 $14.0M Reduce -0.2%
NEXT Nextdecade Corp. 0.18% 2,890,612 $13.6M Reduce -0.7%
AVA Avista Corp. 0.17% 333,481 $12.9M Reduce -51.9%
COP Conocophillips 0.16% 118,672 $12.5M Reduce -36.1%
CTRA Coterra Energy Inc. 0.15% 482,792 $11.6M No change
XEL Xcel Energy Inc. 0.15% 174,151 $11.4M Reduce -0.0%
GEL Genesis Energy L.P. 0.14% 824,432 $11.0M Reduce -3.7%
SO The Southern Co. 0.14% 120,916 $10.9M Reduce -0.0%
DVN Devon Energy Corp. 0.12% 244,149 $9.6M No change
PSX Phillips 66 0.12% 71,283 $9.4M No change
LNT Alliant Energy Corp. 0.10% 134,202 $8.1M Reduce -0.0%
OVV Ovintiv Inc. 0.09% 187,340 $7.2M No change
MPC Marathon Petroleum Corp. 0.07% 31,275 $5.1M New
ADSK Autodesk Inc. 0.06% 15,890 $4.4M Add +5.3%
AY Atlantica Sustainable Infras 0.05% 179,190 $3.9M Reduce -76.5%
ORA Ormat Technologies Inc. 0.04% 44,579 $3.4M New
AWK American Water Works Co. Inc. 0.04% 20,922 $3.1M Reduce -5.3%
WLKP Westlake Chemical Partners L 0.04% 131,664 $3.0M Reduce -0.9%
EOG EOG Resources Inc. 0.04% 23,826 $2.9M No change
CVX Chevron Corp. 0.04% 19,528 $2.9M No change
SEDG Solaredge Technologies Inc. 0.04% 125,008 $2.9M Add +25.6%
NFE New Fortress Energy Inc. 0.03% 285,719 $2.6M No change
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC 0.03% 33,299 $2.4M Reduce -56.7%
OXY Occidental Petroleum Corp. 0.03% 44,524 $2.3M No change
WTRG Essential Utilities Inc. 0.03% 58,479 $2.3M Reduce -4.4%
MRO Marathon Oil Corp. 0.03% 81,699 $2.2M No change
SHLS Shoals Technologies Group -A 0.02% 341,918 $1.9M New
SU Suncor Energy Inc. 0.02% 40,528 $1.5M No change
BKR Baker Hughes Co. 0.02% 38,763 $1.4M No change
GLP Global Partners LP 0.01% 24,362 $1.1M No change
TXO Txo Partners LP 0.01% 50,000 $989K No change
AIRJ Airjoule Technologies Corp. filed as MONTANA TECHNOLOGIES CORP 0.01% 128,235 $744K New
TT Trane Technologies PLC 0.01% 1,508 $586K Reduce -1.2%
MNR Mach Natural Resources LP 0.01% 26,315 $421K No change
NGL NGL Energy Partners LP 0.00% 68,234 $307K No change
PBF PBF Energy Inc. Class A 0.00% 8,275 $256K No change
XTEAX Tortoise Sust&social Imp Ter filed as ECOFIN SUSTAINABLE AND SOCIA 0.00% 19,362 $253K No change

Portfolio Sells Q2 2024 → Q3 2024
TRGP Targa Resources Corp. Reduce -24.6% 8.99% −1.67
PAA Plains All Amer Pipeline LP Reduce -29.7% 2.96% −1.49
ETRN Equitrans Midstream Corp. Sold out 0.00% −1.13
ENLC Enlink Midstream LLC Reduce -28.0% 1.94% −0.68
WES Western Midstream Partners L Reduce -7.4% 3.90% −0.59
XIFR XPLR Infrastructure LP Reduce -50.8% 0.34% −0.37
EPD Enterprise Products Partners Reduce -3.6% 5.86% −0.35
RNW Renew Energy Global PLC-A Reduce -36.5% 0.29% −0.18
AY Atlantica Sustainable Infras Reduce -76.5% 0.05% −0.17
EIX Edison International Reduce -37.4% 0.46% −0.16
AVA Avista Corp. Reduce -51.9% 0.17% −0.15
PAGP Plains GP Holdings LP Reduce -0.7% 2.76% −0.14
NEXT Nextdecade Corp. Reduce -0.7% 0.18% −0.13
D Dominion Energy Inc. Reduce -36.6% 0.34% −0.13
COP Conocophillips Reduce -36.1% 0.16% −0.12
LNG Cheniere Energy Inc. Reduce -1.3% 7.41% −0.09
MPLX MPLX LP Reduce -2.6% 8.27% −0.08
SUN Sunoco LP Reduce -0.1% 0.93% −0.08
EXC Exelon Corp. Reduce -22.6% 0.56% −0.07
PEG Public Service Enterprise GP Reduce -33.5% 0.18% −0.05
KGS Kodiak Gas Services Inc. Reduce -15.5% 0.34% −0.05
APTV Aptiv Irish Holdings Ltd. Reduce -56.7% 0.03% −0.04
TEL Te Connectivity PLC Reduce -7.8% 0.30% −0.03
NXPI NXP Semiconductors NV Reduce -0.2% 0.18% −0.03
GEL Genesis Energy L.P. Reduce -3.7% 0.14% −0.02
PBA Pembina Pipeline Corp. Reduce -8.4% 2.21% −0.02
KNTK Kinetik Holdings Inc. Reduce -9.4% 0.29% −0.01
XYL Xylem Inc. Sold out 0.00% −0.00
WLKP Westlake Chemical Partners L Reduce -0.9% 0.04% −0.00
WTRG Essential Utilities Inc. Reduce -4.4% 0.03% −0.00
TT Trane Technologies PLC Reduce -1.2% 0.01% +0.00
AWK American Water Works Co. Inc. Reduce -5.3% 0.04% +0.00
NEE Nextera Energy Inc. Reduce -13.7% 1.19% +0.00
LNT Alliant Energy Corp. Reduce -0.0% 0.10% +0.01
SO The Southern Co. Reduce -0.0% 0.14% +0.02
XEL Xcel Energy Inc. Reduce -0.0% 0.15% +0.02
EE Excelerate Energy Inc. Class A Reduce -2.6% 0.22% +0.03
AEP American Electric Power Reduce -1.6% 0.29% +0.03
AEE Ameren Corporation Reduce -0.0% 0.26% +0.04
WMB Williams Cos Inc. Reduce -2.9% 7.24% +0.12
CWEN Clearway Energy Inc. Class C Reduce -5.7% 1.03% +0.13
OKE Oneok Inc. Reduce -3.7% 7.68% +0.35

Portfolio Buys Q2 2024 → Q3 2024
TRP TC Energy Corp. Add +263.3% 4.87% +3.77
ENB Enbridge Inc. Add +27.8% 3.03% +0.90
DTM DT Midstream Inc. Add +40.1% 1.45% +0.49
VST Vistra Corp. Add +40.4% 0.93% +0.43
KMI Kinder Morgan Inc. Add +4.3% 3.19% +0.36
FSLR First Solar Inc. New 0.31% +0.31
AM Antero Midstream Corp. Add +24.3% 1.34% +0.26
CEG Constellation Energy Add +3.5% 1.05% +0.25
SRE Sempra Add +20.6% 0.96% +0.22
RUN Sunrun Inc. Add +61.0% 0.37% +0.22
CMS CMS Energy Corp. Add +31.7% 0.30% +0.10
DTE DTE Energy Company Add +29.5% 0.32% +0.10
EQT Eqt Corp. Add +36.7% 0.38% +0.09
MPC Marathon Petroleum Corp. New 0.07% +0.07
HUBB Hubbell Inc. Add +3.9% 0.40% +0.06
ORA Ormat Technologies Inc. New 0.04% +0.04
AES AES Corp. Add +3.5% 0.28% +0.04
CQP Cheniere Energy Partners LP Add +10.6% 0.42% +0.03
SHLS Shoals Technologies Group -A New 0.02% +0.02
TECK Teck Resources Ltd.-CLS B Add +5.0% 0.21% +0.02
AIRJ Airjoule Technologies Corp. New 0.01% +0.01
ADSK Autodesk Inc. Add +5.3% 0.06% +0.01
SEDG Solaredge Technologies Inc. Add +25.6% 0.04% +0.00
ET Energy Transfer LP Add +1.8% 7.72% −0.15
HESM Hess Midstream LP Class A Add +0.9% 3.41% −0.17

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 91$9.8BTRGP, WMB, ET, LNG, EPD
Q1 2026 90$9.6BTRGP, WMB, ET, MPLX, LNG
Q4 2025 84$7.9BMPLX, WMB, ET, TRGP, TRP
Q3 2025 82$7.8BWMB, MPLX, ET, LNG, TRP
Q2 2025 55$7.7BWMB, MPLX, ET, LNG, TRGP
Q1 2025 51$8.3BTRGP, MPLX, OKE, ET, LNG
Q4 2024 50$7.8BTRGP, ET, MPLX, LNG, WMB
Q3 2024 84$7.8BTRGP, MPLX, ET, OKE, LNG
Q2 2024 81$7.6BTRGP, MPLX, ET, LNG, OKE
Q1 2024 84$7.2BTRGP, MPLX, OKE, ET, WMB