Tortoise Capital Advisors, L.L.C.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Tortoise Capital Advisors, L.L.C. reported 50 stock positions worth $7.8 billion. Its top holding was Targa Resources (TRGP) at 10.0% of the portfolio, followed by Energy Transfer (ET, 9.3%) and MPLX (MPLX, 8.7%). Compared with Q3 2024, it sold out of 35, added to 13 and reduced 31. The biggest buy was Enterprise Products Partners (EPD, shares +0%) and the biggest sale Nextera Energy (NEE, shares −68%).
- Most Recent 13F
- Q2 2026
- Location
- OVERLAND PARK, KS
- CIK
- 0001280965
- Portfolio Value
- $7.8B (Q4 2024)
- SEC Filing
- 0001280965-25-000002 ↗ filed Feb 13, 2025
Holdings Value
Holdings 50 stocks · $7.8B
| TRGP Targa Resources Corp. | 10.00% | 4,377,544 | $781.4M | Reduce -7.1% |
| ET Energy Transfer LP | 9.34% | 37,253,839 | $729.8M | Reduce -0.2% |
| MPLX MPLX LP | 8.72% | 14,228,684 | $681.0M | Reduce -1.5% |
| LNG Cheniere Energy Inc. | 8.47% | 3,079,735 | $661.7M | Reduce -3.7% |
| WMB Williams Cos Inc. | 7.94% | 11,458,927 | $620.2M | Reduce -6.9% |
| OKE Oneok Inc. | 7.87% | 6,123,985 | $614.8M | Reduce -6.4% |
| EPD Enterprise Products Partners | 6.28% | 15,642,522 | $490.5M | Add +0.1% |
| TRP TC Energy Corp. | 4.93% | 8,279,997 | $385.3M | Add +4.3% |
| WES Western Midstream Partners L | 3.97% | 8,064,089 | $309.9M | Add +2.0% |
| HESM Hess Midstream LP Class A | 3.59% | 7,581,106 | $280.7M | Add +1.1% |
| KMI Kinder Morgan Inc. | 3.57% | 10,189,661 | $279.2M | Reduce -9.1% |
| ENB Enbridge Inc. | 3.38% | 6,222,673 | $264.0M | Add +7.4% |
| PAGP Plains GP Holdings LP | 2.94% | 12,513,005 | $230.0M | Add +8.0% |
| PAA Plains All Amer Pipeline LP | 2.91% | 13,321,966 | $227.5M | Add +0.6% |
| PBA Pembina Pipeline Corp. | 2.01% | 4,240,053 | $156.6M | Add +1.9% |
| ENLC Enlink Midstream LLC | 1.99% | 10,958,740 | $155.1M | Add +5.6% |
| DTM DT Midstream Inc. | 1.65% | 1,299,963 | $129.3M | Reduce -9.4% |
| AM Antero Midstream Corp. | 1.37% | 7,069,598 | $106.7M | Add +2.0% |
| SRE Sempra | 1.19% | 1,059,155 | $92.9M | Add +19.4% |
| CWEN Clearway Energy Inc. Class C | 0.93% | 2,798,918 | $72.8M | Add +7.1% |
| SUN Sunoco LP | 0.84% | 1,279,736 | $65.8M | Reduce -5.2% |
| VST Vistra Corp. | 0.81% | 458,484 | $63.2M | Reduce -24.4% |
| CEG Constellation Energy | 0.50% | 175,382 | $39.2M | Reduce -44.1% |
| CQP Cheniere Energy Partners LP | 0.45% | 666,833 | $35.4M | Reduce -0.7% |
| EQT Eqt Corp. | 0.45% | 767,729 | $35.4M | Reduce -5.3% |
| KGS Kodiak Gas Services Inc. | 0.42% | 797,750 | $32.6M | Reduce -12.6% |
| SOBO South Bow Corp. | 0.36% | 1,195,892 | $28.2M | Reduce -24.7% |
| KNTK Kinetik Holdings Inc. | 0.33% | 455,231 | $25.8M | Reduce -7.6% |
| NEE Nextera Energy Inc. | 0.32% | 349,963 | $25.1M | Reduce -67.9% |
| CMS CMS Energy Corp. | 0.31% | 359,738 | $24.0M | Add +9.0% |
| EE Excelerate Energy Inc. Class A | 0.29% | 756,120 | $22.9M | Reduce -4.7% |
| DTE DTE Energy Company | 0.26% | 170,714 | $20.6M | Reduce -10.4% |
| AEE Ameren Corporation | 0.21% | 179,673 | $16.0M | Reduce -20.9% |
| NEXT Nextdecade Corp. | 0.18% | 1,774,551 | $13.7M | Reduce -38.6% |
| FANG Diamondback Energy Inc. | 0.17% | 81,661 | $13.4M | Reduce -18.6% |
| CTRA Coterra Energy Inc. | 0.14% | 432,396 | $11.0M | Reduce -10.4% |
| COP Conocophillips | 0.12% | 91,961 | $9.1M | Reduce -22.5% |
| AES AES Corp. | 0.12% | 708,155 | $9.1M | Reduce -34.4% |
| GEL Genesis Energy L.P. | 0.10% | 811,374 | $8.2M | Reduce -1.6% |
| PSX Phillips 66 | 0.10% | 67,253 | $7.7M | Reduce -5.7% |
| OVV Ovintiv Inc. | 0.10% | 187,340 | $7.6M | No change |
| XOM Exxon Mobil Corp. | 0.09% | 64,415 | $6.9M | Reduce -49.6% |
| DVN Devon Energy Corp. | 0.07% | 159,805 | $5.2M | Reduce -34.5% |
| MPC Marathon Petroleum Corp. | 0.06% | 31,275 | $4.4M | No change |
| NFE New Fortress Energy Inc. | 0.06% | 285,719 | $4.3M | No change |
| WLKP Westlake Chemical Partners L | 0.04% | 126,724 | $2.9M | Reduce -3.8% |
| OXY Occidental Petroleum Corp. | 0.02% | 35,038 | $1.7M | Reduce -21.3% |
| GLP Global Partners LP | 0.01% | 24,362 | $1.1M | No change |
| NGL NGL Energy Partners LP | 0.00% | 68,234 | $340K | No change |
| XTEAX Tortoise Sust&social Imp Ter | 0.00% | 19,362 | $232K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| NEE Nextera Energy Inc. | Reduce -67.9% | 0.32% | −0.87 |
| EXC Exelon Corp. | Sold out | 0.00% | −0.56 |
| CEG Constellation Energy | Reduce -44.1% | 0.50% | −0.55 |
| EIX Edison International | Sold out | 0.00% | −0.46 |
| HUBB Hubbell Inc. | Sold out | 0.00% | −0.40 |
| RUN Sunrun Inc. | Sold out | 0.00% | −0.37 |
| XIFR XPLR Infrastructure LP | Sold out | 0.00% | −0.34 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.34 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.31 |
| TEL Te Connectivity PLC | Sold out | 0.00% | −0.30 |
| AEP American Electric Power | Sold out | 0.00% | −0.29 |
| RNW Renew Energy Global PLC-A | Sold out | 0.00% | −0.29 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.21 |
| PEG Public Service Enterprise GP | Sold out | 0.00% | −0.18 |
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −0.18 |
| AVA Avista Corp. | Sold out | 0.00% | −0.17 |
| AES AES Corp. | Reduce -34.4% | 0.12% | −0.16 |
| XEL Xcel Energy Inc. | Sold out | 0.00% | −0.15 |
| SO The Southern Co. | Sold out | 0.00% | −0.14 |
| SOBO South Bow Corp. | Reduce -24.7% | 0.36% | −0.12 |
| VST Vistra Corp. | Reduce -24.4% | 0.81% | −0.12 |
| LNT Alliant Energy Corp. | Sold out | 0.00% | −0.10 |
| XOM Exxon Mobil Corp. | Reduce -49.6% | 0.09% | −0.10 |
| SUN Sunoco LP | Reduce -5.2% | 0.84% | −0.09 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.06 |
| DVN Devon Energy Corp. | Reduce -34.5% | 0.07% | −0.06 |
| FANG Diamondback Energy Inc. | Reduce -18.6% | 0.17% | −0.05 |
| DTE DTE Energy Company | Reduce -10.4% | 0.26% | −0.05 |
| AEE Ameren Corporation | Reduce -20.9% | 0.21% | −0.05 |
| AY Atlantica Sustainable Infras | Sold out | 0.00% | −0.05 |
| COP Conocophillips | Reduce -22.5% | 0.12% | −0.04 |
| ORA Ormat Technologies Inc. | Sold out | 0.00% | −0.04 |
| AWK American Water Works Co. Inc. | Sold out | 0.00% | −0.04 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.04 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.04 |
| GEL Genesis Energy L.P. | Reduce -1.6% | 0.10% | −0.04 |
| SEDG Solaredge Technologies Inc. | Sold out | 0.00% | −0.04 |
| APTV Aptiv Irish Holdings Ltd. | Sold out | 0.00% | −0.03 |
| WTRG Essential Utilities Inc. | Sold out | 0.00% | −0.03 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.03 |
| SHLS Shoals Technologies Group -A | Sold out | 0.00% | −0.02 |
| PSX Phillips 66 | Reduce -5.7% | 0.10% | −0.02 |
| SU Suncor Energy Inc. | Sold out | 0.00% | −0.02 |
| BKR Baker Hughes Co. | Sold out | 0.00% | −0.02 |
| TXO Txo Partners LP | Sold out | 0.00% | −0.01 |
| AIRJ Airjoule Technologies Corp. | Sold out | 0.00% | −0.01 |
| CTRA Coterra Energy Inc. | Reduce -10.4% | 0.14% | −0.01 |
| TT Trane Technologies PLC | Sold out | 0.00% | −0.01 |
| OXY Occidental Petroleum Corp. | Reduce -21.3% | 0.02% | −0.01 |
| MNR Mach Natural Resources LP | Sold out | 0.00% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| EPD Enterprise Products Partners | Add +0.1% | 6.28% | +0.42 |
| ENB Enbridge Inc. | Add +7.4% | 3.38% | +0.35 |
| SRE Sempra | Add +19.4% | 1.19% | +0.23 |
| HESM Hess Midstream LP Class A | Add +1.1% | 3.59% | +0.19 |
| PAGP Plains GP Holdings LP | Add +8.0% | 2.94% | +0.18 |
| WES Western Midstream Partners L | Add +2.0% | 3.97% | +0.07 |
| TRP TC Energy Corp. | Add +4.3% | 4.93% | +0.07 |
| ENLC Enlink Midstream LLC | Add +5.6% | 1.99% | +0.05 |
| AM Antero Midstream Corp. | Add +2.0% | 1.37% | +0.02 |
| CMS CMS Energy Corp. | Add +9.0% | 0.31% | +0.01 |
| PAA Plains All Amer Pipeline LP | Add +0.6% | 2.91% | −0.05 |
| CWEN Clearway Energy Inc. Class C | Add +7.1% | 0.93% | −0.10 |
| PBA Pembina Pipeline Corp. | Add +1.9% | 2.01% | −0.20 |
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 |