Tortoise Capital Advisors, L.L.C.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Tortoise Capital Advisors, L.L.C. reported 82 stock positions worth $7.8 billion. Its top holding was Williams Cos (WMB) at 9.0% of the portfolio, followed by MPLX (MPLX, 8.7%) and Energy Transfer (ET, 8.5%). Compared with Q2 2025, it opened 30 new positions, sold out of 3, added to 26 and reduced 22. The biggest buy was TC Energy (TRP, shares +3%) and the biggest sale Hess Midstream Class A (HESM, shares −34%).
- Most Recent 13F
- Q2 2026
- Location
- OVERLAND PARK, KS
- CIK
- 0001280965
- Portfolio Value
- $7.8B (Q3 2025)
- SEC Filing
- 0001280965-25-000007 ↗ filed Nov 13, 2025
Holdings Value
Holdings 82 stocks · $7.8B
| WMB Williams Cos Inc. | 8.98% | 10,987,549 | $696.1M | Add +1.2% |
| MPLX MPLX LP | 8.71% | 13,520,479 | $675.3M | Add +2.5% |
| ET Energy Transfer LP | 8.54% | 38,572,583 | $661.9M | Add +3.5% |
| LNG Cheniere Energy Inc. | 8.09% | 2,668,035 | $626.9M | Reduce -2.0% |
| TRP TC Energy Corp. | 6.42% | 9,151,323 | $497.9M | Add +3.2% |
| TRGP Targa Resources Corp. | 6.09% | 2,816,444 | $471.9M | Reduce -1.1% |
| EPD Enterprise Products Partners | 5.91% | 14,652,128 | $458.2M | Reduce -1.6% |
| OKE Oneok Inc. | 4.98% | 5,289,583 | $386.0M | Add +3.1% |
| ENB Enbridge Inc. | 4.87% | 7,482,326 | $377.6M | Add +0.2% |
| DTM DT Midstream Inc. | 3.93% | 2,695,175 | $304.7M | Add +5.2% |
| WES Western Midstream Partners L | 3.74% | 7,375,184 | $289.8M | Reduce -0.6% |
| KMI Kinder Morgan Inc. | 3.27% | 8,966,909 | $253.9M | Reduce -4.3% |
| AM Antero Midstream Corp. | 2.85% | 11,376,797 | $221.2M | Add +4.2% |
| PAGP Plains GP Holdings LP | 2.78% | 11,819,485 | $215.6M | Add +1.6% |
| HESM Hess Midstream LP Class A | 2.09% | 4,695,305 | $162.2M | Reduce -34.3% |
| PBA Pembina Pipeline Corp. | 2.08% | 3,979,845 | $160.9M | Add +2.8% |
| PAA Plains All Amer Pipeline LP | 2.04% | 9,276,601 | $158.3M | Reduce -2.2% |
| SRE Sempra | 1.76% | 1,514,941 | $136.3M | Add +6.4% |
| EVRG Evergy Inc. | 1.26% | 1,289,314 | $98.0M | Add +1.6% |
| CWEN Clearway Energy Inc. Class C | 0.96% | 2,624,901 | $74.2M | Reduce -7.9% |
| SUN Sunoco LP | 0.94% | 1,456,902 | $72.9M | Add +3.7% |
| VST Vistra Corp. | 0.92% | 362,464 | $71.0M | Add +4.3% |
| CEG Constellation Energy | 0.83% | 194,677 | $64.1M | Add +22.4% |
| TLN Talen Energy Corp. | 0.55% | 100,603 | $42.8M | New |
| CQP Cheniere Energy Partners LP | 0.55% | 794,300 | $42.7M | Reduce -1.1% |
| NRG NRG Energy Inc. | 0.52% | 250,375 | $40.5M | New |
| VG Venture Global Inc. Class A | 0.49% | 2,661,617 | $37.8M | Add +0.4% |
| EQT Eqt Corp. | 0.46% | 659,998 | $35.9M | Add +11.9% |
| XEL Xcel Energy Inc. | 0.40% | 381,642 | $30.8M | Add +45.8% |
| EE Excelerate Energy Inc. Class A | 0.39% | 1,212,892 | $30.6M | Add +0.3% |
| ETR Entergy Corp. | 0.38% | 315,181 | $29.4M | Add +18.5% |
| EXE Expand Energy Corp. | 0.37% | 273,545 | $29.1M | Add +229.6% |
| KGS Kodiak Gas Services Inc. | 0.35% | 727,527 | $26.9M | Reduce -1.1% |
| SOBO South Bow Corp. | 0.34% | 942,828 | $26.7M | Add +1.2% |
| NI Nisource Inc. | 0.33% | 593,326 | $25.7M | Reduce -0.1% |
| CNP Centerpoint Energy Inc. | 0.32% | 648,921 | $25.2M | Reduce -0.2% |
| WEC WEC Energy Group Inc. | 0.25% | 172,174 | $19.7M | Reduce -0.2% |
| CMS CMS Energy Corp. | 0.21% | 220,445 | $16.1M | Reduce -24.3% |
| PSX Phillips 66 | 0.20% | 115,703 | $15.7M | Reduce -2.9% |
| XOM Exxon Mobil Corp. | 0.20% | 138,036 | $15.6M | Reduce -17.1% |
| KNTK Kinetik Holdings Inc. | 0.20% | 363,059 | $15.5M | Add +0.3% |
| DTE DTE Energy Company | 0.20% | 108,656 | $15.4M | Reduce -25.4% |
| AR Antero Resources Corp. | 0.17% | 390,172 | $13.1M | Add +67.7% |
| OVV Ovintiv Inc. | 0.12% | 238,772 | $9.6M | Add +127.7% |
| CTRA Coterra Energy Inc. | 0.11% | 376,484 | $8.9M | Reduce -3.3% |
| DVN Devon Energy Corp. | 0.10% | 224,081 | $7.9M | Reduce -3.6% |
| VLO Valero Energy Corp. | 0.07% | 33,959 | $5.8M | New |
| MPC Marathon Petroleum Corp. | 0.07% | 28,724 | $5.5M | Reduce -3.1% |
| SO The Southern Co. | 0.05% | 38,630 | $3.7M | Reduce -1.4% |
| VRT Vertiv Holdings Co. Class A | 0.05% | 24,200 | $3.7M | New |
| DELL Dell Technologies -C | 0.04% | 20,478 | $2.9M | New |
| PWR Quanta Services Inc. | 0.03% | 5,948 | $2.5M | New |
| NVT Nvent Electric PLC | 0.03% | 22,220 | $2.2M | New |
| DLR Digital Realty Trust Inc. | 0.03% | 11,672 | $2.0M | New |
| ANET Arista Networks Inc. | 0.03% | 13,642 | $2.0M | New |
| MTZ Mastec Inc. | 0.03% | 9,264 | $2.0M | New |
| CIFR Cipher Digital Inc. | 0.02% | 145,214 | $1.8M | New |
| CIEN Ciena Corp. | 0.02% | 12,540 | $1.8M | New |
| PRIM Primoris Services Corp. | 0.02% | 12,100 | $1.7M | New |
| GEV GE Vernova Inc. | 0.02% | 2,659 | $1.6M | New |
| RIOT Riot Platforms Inc. | 0.02% | 82,738 | $1.6M | New |
| EQIX Equinix Inc. | 0.02% | 2,000 | $1.6M | New |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.02% | 18,066 | $1.5M | New |
| WULF Terawulf Inc. | 0.02% | 122,558 | $1.4M | New |
| TT Trane Technologies PLC | 0.02% | 3,080 | $1.3M | New |
| GLP Global Partners LP | 0.02% | 24,362 | $1.2M | No change |
| NTAP Netapp Inc. | 0.01% | 9,700 | $1.1M | New |
| SMCI Super Micro Computer Inc. | 0.01% | 20,032 | $960K | New |
| CMI Cummins Inc. | 0.01% | 1,998 | $844K | New |
| MOD Modine Manufacturing Co. | 0.01% | 5,764 | $819K | New |
| NEE Nextera Energy Inc. | 0.01% | 9,799 | $740K | Add +55.9% |
| CARR Carrier Global Corp. | 0.01% | 12,320 | $736K | New |
| MYRG MYR Group Inc./Delaware | 0.01% | 3,318 | $690K | New |
| APH Amphenol Corp. Class A | 0.01% | 5,280 | $653K | New |
| NVDA Nvidia Corp. | 0.01% | 3,324 | $620K | New |
| GEL Genesis Energy L.P. | 0.01% | 32,331 | $540K | No change |
| XIFR XPLR Infrastructure LP | 0.01% | 46,838 | $476K | Reduce -1.4% |
| NGL NGL Energy Partners LP | 0.01% | 68,234 | $409K | No change |
| APLD Applied Digital Corp. | 0.01% | 17,840 | $409K | New |
| WDC Western Digital Corp. | 0.01% | 3,326 | $399K | New |
| CLS Celestica Inc. | 0.00% | 1,336 | $329K | New |
| XTEAX Tortoise Sust&social Imp Ter | 0.00% | 19,362 | $228K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| HESM Hess Midstream LP Class A | Reduce -34.3% | 2.09% | −1.50 |
| LNG Cheniere Energy Inc. | Reduce -2.0% | 8.09% | −0.57 |
| TRGP Targa Resources Corp. | Reduce -1.1% | 6.09% | −0.38 |
| KMI Kinder Morgan Inc. | Reduce -4.3% | 3.27% | −0.32 |
| CWEN Clearway Energy Inc. Class C | Reduce -7.9% | 0.96% | −0.23 |
| PAA Plains All Amer Pipeline LP | Reduce -2.2% | 2.04% | −0.23 |
| EPD Enterprise Products Partners | Reduce -1.6% | 5.91% | −0.12 |
| COP Conocophillips | Sold out | 0.00% | −0.09 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.08 |
| CMS CMS Energy Corp. | Reduce -24.3% | 0.21% | −0.05 |
| DTE DTE Energy Company | Reduce -25.4% | 0.20% | −0.05 |
| CQP Cheniere Energy Partners LP | Reduce -1.1% | 0.55% | −0.04 |
| WLKP Westlake Chemical Partners L | Sold out | 0.00% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -17.1% | 0.20% | −0.03 |
| CTRA Coterra Energy Inc. | Reduce -3.3% | 0.11% | −0.01 |
| WES Western Midstream Partners L | Reduce -0.6% | 3.74% | −0.01 |
| SO The Southern Co. | Reduce -1.4% | 0.05% | +0.00 |
| XIFR XPLR Infrastructure LP | Reduce -1.4% | 0.01% | +0.00 |
| DVN Devon Energy Corp. | Reduce -3.6% | 0.10% | +0.00 |
| MPC Marathon Petroleum Corp. | Reduce -3.1% | 0.07% | +0.01 |
| CNP Centerpoint Energy Inc. | Reduce -0.2% | 0.32% | +0.01 |
| PSX Phillips 66 | Reduce -2.9% | 0.20% | +0.02 |
| KGS Kodiak Gas Services Inc. | Reduce -1.1% | 0.35% | +0.02 |
| NI Nisource Inc. | Reduce -0.1% | 0.33% | +0.02 |
| WEC WEC Energy Group Inc. | Reduce -0.2% | 0.25% | +0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| TRP TC Energy Corp. | Add +3.2% | 6.42% | +0.78 |
| TLN Talen Energy Corp. | New | 0.55% | +0.55 |
| NRG NRG Energy Inc. | New | 0.52% | +0.52 |
| ENB Enbridge Inc. | Add +0.2% | 4.87% | +0.45 |
| SRE Sempra | Add +6.4% | 1.76% | +0.35 |
| DTM DT Midstream Inc. | Add +5.2% | 3.93% | +0.26 |
| EXE Expand Energy Corp. | Add +229.6% | 0.37% | +0.25 |
| PBA Pembina Pipeline Corp. | Add +2.8% | 2.08% | +0.18 |
| XEL Xcel Energy Inc. | Add +45.8% | 0.40% | +0.16 |
| CEG Constellation Energy | Add +22.4% | 0.83% | +0.16 |
| AM Antero Midstream Corp. | Add +4.2% | 2.85% | +0.15 |
| EVRG Evergy Inc. | Add +1.6% | 1.26% | +0.12 |
| ETR Entergy Corp. | Add +18.5% | 0.38% | +0.09 |
| WMB Williams Cos Inc. | Add +1.2% | 8.98% | +0.08 |
| VLO Valero Energy Corp. | New | 0.07% | +0.07 |
| OVV Ovintiv Inc. | Add +127.7% | 0.12% | +0.07 |
| VRT Vertiv Holdings Co. Class A | New | 0.05% | +0.05 |
| AR Antero Resources Corp. | Add +67.7% | 0.17% | +0.05 |
| DELL Dell Technologies -C | New | 0.04% | +0.04 |
| VST Vistra Corp. | Add +4.3% | 0.92% | +0.04 |
| PWR Quanta Services Inc. | New | 0.03% | +0.03 |
| SOBO South Bow Corp. | Add +1.2% | 0.34% | +0.03 |
| NVT Nvent Electric PLC | New | 0.03% | +0.03 |
| DLR Digital Realty Trust Inc. | New | 0.03% | +0.03 |
| ANET Arista Networks Inc. | New | 0.03% | +0.03 |
| MTZ Mastec Inc. | New | 0.03% | +0.03 |
| CIEN Ciena Corp. | New | 0.02% | +0.02 |
| CIFR Cipher Digital Inc. | New | 0.02% | +0.02 |
| PRIM Primoris Services Corp. | New | 0.02% | +0.02 |
| GEV GE Vernova Inc. | New | 0.02% | +0.02 |
| RIOT Riot Platforms Inc. | New | 0.02% | +0.02 |
| EQIX Equinix Inc. | New | 0.02% | +0.02 |
| P Everpure Inc. Class A | New | 0.02% | +0.02 |
| WULF Terawulf Inc. | New | 0.02% | +0.02 |
| TT Trane Technologies PLC | New | 0.02% | +0.02 |
| EQT Eqt Corp. | Add +11.9% | 0.46% | +0.01 |
| NTAP Netapp Inc. | New | 0.01% | +0.01 |
| SMCI Super Micro Computer Inc. | New | 0.01% | +0.01 |
| CMI Cummins Inc. | New | 0.01% | +0.01 |
| MOD Modine Manufacturing Co. | New | 0.01% | +0.01 |
| CARR Carrier Global Corp. | New | 0.01% | +0.01 |
| MYRG MYR Group Inc./Delaware | New | 0.01% | +0.01 |
| APH Amphenol Corp. Class A | New | 0.01% | +0.01 |
| NVDA Nvidia Corp. | New | 0.01% | +0.01 |
| APLD Applied Digital Corp. | New | 0.01% | +0.01 |
| WDC Western Digital Corp. | New | 0.01% | +0.01 |
| CLS Celestica Inc. | New | 0.00% | +0.00 |
| NEE Nextera Energy Inc. | Add +55.9% | 0.01% | +0.00 |
| KNTK Kinetik Holdings Inc. | Add +0.3% | 0.20% | −0.01 |
| SUN Sunoco LP | Add +3.7% | 0.94% | −0.04 |
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 |