Tortoise Capital Advisors, L.L.C.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Tortoise Capital Advisors, L.L.C. reported 55 stock positions worth $7.7 billion. Its top holding was Williams Cos (WMB) at 8.9% of the portfolio, followed by MPLX (MPLX, 8.9%) and Energy Transfer (ET, 8.8%). Compared with Q1 2025, it opened 7 new positions, sold out of 3, added to 11 and reduced 33. The biggest buy was DT Midstream (DTM, shares +62%) and the biggest sale Targa Resources (TRGP, shares −31%).
- Most Recent 13F
- Q2 2026
- Location
- OVERLAND PARK, KS
- CIK
- 0001280965
- Portfolio Value
- $7.7B (Q2 2025)
- SEC Filing
- 0001280965-25-000005 ↗ filed Aug 14, 2025
Holdings Value
Holdings 55 stocks · $7.7B
| WMB Williams Cos Inc. | 8.90% | 10,856,407 | $681.9M | Reduce -4.3% |
| MPLX MPLX LP | 8.86% | 13,190,837 | $679.5M | Reduce -3.9% |
| ET Energy Transfer LP | 8.82% | 37,275,081 | $675.8M | Reduce -2.4% |
| LNG Cheniere Energy Inc. | 8.65% | 2,723,242 | $663.2M | Reduce -8.8% |
| TRGP Targa Resources Corp. | 6.46% | 2,846,624 | $495.5M | Reduce -31.1% |
| EPD Enterprise Products Partners | 6.03% | 14,896,909 | $462.0M | Reduce -3.6% |
| TRP TC Energy Corp. | 5.65% | 8,870,394 | $432.8M | Add +2.3% |
| OKE Oneok Inc. | 5.46% | 5,129,862 | $418.8M | Reduce -28.5% |
| ENB Enbridge Inc. | 4.42% | 7,470,527 | $338.6M | Add +16.5% |
| WES Western Midstream Partners L | 3.74% | 7,416,770 | $287.0M | Reduce -6.5% |
| DTM DT Midstream Inc. | 3.67% | 2,562,007 | $281.6M | Add +61.9% |
| KMI Kinder Morgan Inc. | 3.59% | 9,367,756 | $275.4M | Reduce -7.7% |
| HESM Hess Midstream LP Class A | 3.59% | 7,151,252 | $275.4M | Reduce -2.4% |
| PAGP Plains GP Holdings LP | 2.95% | 11,637,450 | $226.1M | Reduce -1.8% |
| AM Antero Midstream Corp. | 2.70% | 10,921,886 | $207.0M | Add +17.3% |
| PAA Plains All Amer Pipeline LP | 2.27% | 9,487,680 | $173.8M | Reduce -23.9% |
| PBA Pembina Pipeline Corp. | 1.90% | 3,871,831 | $145.3M | Reduce -5.6% |
| SRE Sempra | 1.41% | 1,424,301 | $107.9M | Reduce -1.1% |
| CWEN Clearway Energy Inc. Class C | 1.19% | 2,850,083 | $91.2M | Add +2.6% |
| EVRG Evergy Inc. | 1.14% | 1,269,067 | $87.5M | New |
| SUN Sunoco LP | 0.98% | 1,404,738 | $75.3M | Add +15.8% |
| VST Vistra Corp. | 0.88% | 347,544 | $67.4M | Reduce -16.1% |
| CEG Constellation Energy | 0.67% | 158,979 | $51.3M | Reduce -1.1% |
| CQP Cheniere Energy Partners LP | 0.59% | 803,037 | $45.0M | Add +12.7% |
| VG Venture Global Inc. Class A | 0.54% | 2,650,533 | $41.3M | Reduce -4.8% |
| EE Excelerate Energy Inc. Class A | 0.46% | 1,209,835 | $35.5M | Add +62.1% |
| EQT Eqt Corp. | 0.45% | 589,582 | $34.4M | Reduce -4.5% |
| KGS Kodiak Gas Services Inc. | 0.33% | 735,489 | $25.2M | Reduce -5.3% |
| SOBO South Bow Corp. | 0.31% | 931,547 | $24.1M | Reduce -22.7% |
| NI Nisource Inc. | 0.31% | 594,198 | $24.0M | New |
| CNP Centerpoint Energy Inc. | 0.31% | 649,985 | $23.9M | New |
| ETR Entergy Corp. | 0.29% | 265,915 | $22.1M | New |
| CMS CMS Energy Corp. | 0.26% | 291,118 | $20.2M | Reduce -36.4% |
| DTE DTE Energy Company | 0.25% | 145,700 | $19.3M | Add +14.1% |
| WEC WEC Energy Group Inc. | 0.23% | 172,566 | $18.0M | Add +767.1% |
| XOM Exxon Mobil Corp. | 0.23% | 166,490 | $17.9M | Reduce -1.5% |
| XEL Xcel Energy Inc. | 0.23% | 261,729 | $17.8M | Add +759.2% |
| KNTK Kinetik Holdings Inc. | 0.21% | 362,141 | $16.0M | Reduce -10.3% |
| PSX Phillips 66 | 0.19% | 119,170 | $14.2M | Reduce -4.4% |
| CTRA Coterra Energy Inc. | 0.13% | 389,266 | $9.9M | Reduce -24.3% |
| EXE Expand Energy Corp. | 0.13% | 82,992 | $9.7M | New |
| AR Antero Resources Corp. | 0.12% | 232,694 | $9.4M | New |
| DVN Devon Energy Corp. | 0.10% | 232,482 | $7.4M | Reduce -29.4% |
| COP Conocophillips | 0.09% | 72,599 | $6.5M | Reduce -31.6% |
| FANG Diamondback Energy Inc. | 0.08% | 42,137 | $5.8M | Reduce -34.1% |
| MPC Marathon Petroleum Corp. | 0.06% | 29,648 | $4.9M | Reduce -5.2% |
| OVV Ovintiv Inc. | 0.05% | 104,851 | $4.0M | Reduce -44.0% |
| SO The Southern Co. | 0.05% | 39,174 | $3.6M | New |
| WLKP Westlake Chemical Partners L | 0.03% | 117,349 | $2.6M | Reduce -6.5% |
| GLP Global Partners LP | 0.02% | 24,362 | $1.3M | No change |
| GEL Genesis Energy L.P. | 0.01% | 32,331 | $557K | No change |
| NEE Nextera Energy Inc. | 0.01% | 6,285 | $436K | Reduce -98.6% |
| XIFR XPLR Infrastructure LP | 0.01% | 47,490 | $389K | Reduce -92.9% |
| NGL NGL Energy Partners LP | 0.00% | 68,234 | $291K | No change |
| XTEAX Tortoise Sust&social Imp Ter | 0.00% | 19,362 | $237K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| TRGP Targa Resources Corp. | Reduce -31.1% | 6.46% | −3.54 |
| OKE Oneok Inc. | Reduce -28.5% | 5.46% | −3.14 |
| PAA Plains All Amer Pipeline LP | Reduce -23.9% | 2.27% | −0.75 |
| NEE Nextera Energy Inc. | Reduce -98.6% | 0.01% | −0.38 |
| EPD Enterprise Products Partners | Reduce -3.6% | 6.03% | −0.35 |
| AEE Ameren Corporation | Sold out | 0.00% | −0.22 |
| WES Western Midstream Partners L | Reduce -6.5% | 3.74% | −0.18 |
| NEXT Nextdecade Corp. | Sold out | 0.00% | −0.16 |
| HESM Hess Midstream LP Class A | Reduce -2.4% | 3.59% | −0.15 |
| CMS CMS Energy Corp. | Reduce -36.4% | 0.26% | −0.15 |
| PAGP Plains GP Holdings LP | Reduce -1.8% | 2.95% | −0.11 |
| AES AES Corp. | Sold out | 0.00% | −0.11 |
| PBA Pembina Pipeline Corp. | Reduce -5.6% | 1.90% | −0.09 |
| XIFR XPLR Infrastructure LP | Reduce -92.9% | 0.01% | −0.07 |
| SOBO South Bow Corp. | Reduce -22.7% | 0.31% | −0.06 |
| DVN Devon Energy Corp. | Reduce -29.4% | 0.10% | −0.05 |
| CTRA Coterra Energy Inc. | Reduce -24.3% | 0.13% | −0.05 |
| COP Conocophillips | Reduce -31.6% | 0.09% | −0.05 |
| FANG Diamondback Energy Inc. | Reduce -34.1% | 0.08% | −0.05 |
| KNTK Kinetik Holdings Inc. | Reduce -10.3% | 0.21% | −0.05 |
| OVV Ovintiv Inc. | Reduce -44.0% | 0.05% | −0.04 |
| KGS Kodiak Gas Services Inc. | Reduce -5.3% | 0.33% | −0.02 |
| MPLX MPLX LP | Reduce -3.9% | 8.86% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -1.5% | 0.23% | −0.01 |
| WLKP Westlake Chemical Partners L | Reduce -6.5% | 0.03% | −0.00 |
| PSX Phillips 66 | Reduce -4.4% | 0.19% | −0.00 |
| MPC Marathon Petroleum Corp. | Reduce -5.2% | 0.06% | +0.01 |
| EQT Eqt Corp. | Reduce -4.5% | 0.45% | +0.05 |
| KMI Kinder Morgan Inc. | Reduce -7.7% | 3.59% | +0.09 |
| SRE Sempra | Reduce -1.1% | 1.41% | +0.17 |
| VG Venture Global Inc. Class A | Reduce -4.8% | 0.54% | +0.19 |
| ET Energy Transfer LP | Reduce -2.4% | 8.82% | +0.23 |
| CEG Constellation Energy | Reduce -1.1% | 0.67% | +0.28 |
| VST Vistra Corp. | Reduce -16.1% | 0.88% | +0.29 |
| LNG Cheniere Energy Inc. | Reduce -8.8% | 8.65% | +0.30 |
| WMB Williams Cos Inc. | Reduce -4.3% | 8.90% | +0.70 |
Portfolio Buys Q1 2025 → Q2 2025
| DTM DT Midstream Inc. | Add +61.9% | 3.67% | +1.83 |
| EVRG Evergy Inc. | New | 1.14% | +1.14 |
| ENB Enbridge Inc. | Add +16.5% | 4.42% | +0.98 |
| TRP TC Energy Corp. | Add +2.3% | 5.65% | +0.69 |
| AM Antero Midstream Corp. | Add +17.3% | 2.70% | +0.67 |
| NI Nisource Inc. | New | 0.31% | +0.31 |
| CNP Centerpoint Energy Inc. | New | 0.31% | +0.31 |
| ETR Entergy Corp. | New | 0.29% | +0.29 |
| WEC WEC Energy Group Inc. | Add +767.1% | 0.23% | +0.21 |
| XEL Xcel Energy Inc. | Add +759.2% | 0.23% | +0.21 |
| EE Excelerate Energy Inc. Class A | Add +62.1% | 0.46% | +0.20 |
| CWEN Clearway Energy Inc. Class C | Add +2.6% | 1.19% | +0.17 |
| SUN Sunoco LP | Add +15.8% | 0.98% | +0.13 |
| EXE Expand Energy Corp. | New | 0.13% | +0.13 |
| AR Antero Resources Corp. | New | 0.12% | +0.12 |
| SO The Southern Co. | New | 0.05% | +0.05 |
| DTE DTE Energy Company | Add +14.1% | 0.25% | +0.04 |
| CQP Cheniere Energy Partners LP | Add +12.7% | 0.59% | +0.02 |
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 |