Tortoise Capital Advisors, L.L.C.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Tortoise Capital Advisors, L.L.C. reported 84 stock positions worth $7.9 billion. Its top holding was MPLX (MPLX) at 9.0% of the portfolio, followed by Williams Cos (WMB, 8.7%) and Energy Transfer (ET, 8.1%). Compared with Q3 2025, it opened 10 new positions, sold out of 8, added to 44 and reduced 27. The biggest buy was Targa Resources (TRGP, shares +20%) and the biggest sale Cheniere Energy (LNG, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- OVERLAND PARK, KS
- CIK
- 0001280965
- Portfolio Value
- $7.9B (Q4 2025)
- SEC Filing
- 0001280965-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 84 stocks · $7.9B
| MPLX MPLX LP | 9.05% | 13,319,918 | $710.9M | Reduce -1.5% |
| WMB Williams Cos Inc. | 8.69% | 11,362,696 | $683.0M | Add +3.4% |
| ET Energy Transfer LP | 8.12% | 38,675,828 | $637.8M | Add +0.3% |
| TRGP Targa Resources Corp. | 7.96% | 3,389,006 | $625.3M | Add +20.3% |
| TRP TC Energy Corp. | 6.43% | 9,182,370 | $505.1M | Add +0.3% |
| EPD Enterprise Products Partners | 5.83% | 14,281,220 | $457.9M | Reduce -2.5% |
| LNG Cheniere Energy Inc. | 5.68% | 2,294,410 | $446.0M | Reduce -14.0% |
| OKE Oneok Inc. | 5.41% | 5,781,533 | $424.9M | Add +9.3% |
| DTM DT Midstream Inc. | 4.54% | 2,980,945 | $356.8M | Add +10.6% |
| ENB Enbridge Inc. | 4.30% | 7,057,049 | $337.5M | Reduce -5.7% |
| WES Western Midstream Partners L | 4.29% | 8,539,175 | $337.3M | Add +15.8% |
| KMI Kinder Morgan Inc. | 3.20% | 9,152,339 | $251.6M | Add +2.1% |
| PAGP Plains GP Holdings LP | 2.85% | 11,704,169 | $224.0M | Reduce -1.0% |
| AM Antero Midstream Corp. | 2.58% | 11,403,093 | $202.9M | Add +0.2% |
| PAA Plains All Amer Pipeline LP | 2.18% | 9,542,156 | $171.4M | Add +2.9% |
| HESM Hess Midstream LP Class A | 1.94% | 4,421,856 | $152.6M | Reduce -5.8% |
| PBA Pembina Pipeline Corp. | 1.87% | 3,852,716 | $146.8M | Reduce -3.2% |
| SRE Sempra | 1.80% | 1,602,837 | $141.5M | Add +5.8% |
| EVRG Evergy Inc. | 1.26% | 1,364,928 | $98.9M | Add +5.9% |
| CWEN Clearway Energy Inc. Class C | 1.11% | 2,627,260 | $87.4M | Add +0.1% |
| CEG Constellation Energy | 0.97% | 215,168 | $76.0M | Add +10.5% |
| VST Vistra Corp. | 0.83% | 404,502 | $65.3M | Add +11.6% |
| CQP Cheniere Energy Partners LP | 0.74% | 1,092,866 | $58.4M | Add +37.6% |
| NRG NRG Energy Inc. | 0.65% | 320,971 | $51.1M | Add +28.2% |
| TLN Talen Energy Corp. | 0.56% | 116,701 | $43.7M | Add +16.0% |
| SUN Sunoco LP | 0.53% | 800,665 | $42.0M | Reduce -45.0% |
| ETR Entergy Corp. | 0.46% | 392,689 | $36.3M | Add +24.6% |
| EQT Eqt Corp. | 0.45% | 661,440 | $35.5M | Add +0.2% |
| EE Excelerate Energy Inc. Class A | 0.42% | 1,165,463 | $32.7M | Reduce -3.9% |
| EXE Expand Energy Corp. | 0.38% | 271,020 | $29.9M | Reduce -0.9% |
| CNP Centerpoint Energy Inc. | 0.38% | 772,099 | $29.6M | Add +19.0% |
| XEL Xcel Energy Inc. | 0.38% | 399,236 | $29.5M | Add +4.6% |
| NI Nisource Inc. | 0.37% | 701,207 | $29.3M | Add +18.2% |
| KGS Kodiak Gas Services Inc. | 0.34% | 720,537 | $26.9M | Reduce -1.0% |
| SOBO South Bow Corp. | 0.33% | 942,091 | $25.9M | Reduce -0.1% |
| WEC WEC Energy Group Inc. | 0.21% | 154,558 | $16.3M | Reduce -10.2% |
| XOM Exxon Mobil Corp. | 0.20% | 132,996 | $16.0M | Reduce -3.6% |
| DTE DTE Energy Company | 0.20% | 122,111 | $15.7M | Add +12.4% |
| CMS CMS Energy Corp. | 0.19% | 216,772 | $15.2M | Reduce -1.7% |
| CORZ Core Scientific Inc. | 0.19% | 1,026,045 | $14.9M | New |
| PSX Phillips 66 | 0.18% | 109,584 | $14.1M | Reduce -5.3% |
| KNTK Kinetik Holdings Inc. | 0.17% | 362,879 | $13.1M | Reduce -0.1% |
| AR Antero Resources Corp. | 0.16% | 368,542 | $12.7M | Reduce -5.5% |
| CTRA Coterra Energy Inc. | 0.12% | 362,540 | $9.5M | Reduce -3.7% |
| OVV Ovintiv Inc. | 0.11% | 229,952 | $9.0M | Reduce -3.7% |
| FRMI Fermi Inc. | 0.11% | 1,083,974 | $8.7M | New |
| FSLR First Solar Inc. | 0.09% | 28,265 | $7.4M | New |
| CIEN Ciena Corp. | 0.08% | 26,014 | $6.1M | Add +107.5% |
| DVN Devon Energy Corp. | 0.07% | 140,604 | $5.2M | Reduce -37.3% |
| VLO Valero Energy Corp. | 0.06% | 31,275 | $5.1M | Reduce -7.9% |
| VRT Vertiv Holdings Co. Class A | 0.06% | 29,008 | $4.7M | Add +19.9% |
| NEE Nextera Energy Inc. | 0.06% | 57,070 | $4.6M | Add +482.4% |
| MPC Marathon Petroleum Corp. | 0.06% | 27,716 | $4.5M | Reduce -3.5% |
| DELL Dell Technologies -C | 0.06% | 34,310 | $4.3M | Add +67.5% |
| PWR Quanta Services Inc. | 0.05% | 10,214 | $4.3M | Add +71.7% |
| WDC Western Digital Corp. | 0.05% | 23,116 | $4.0M | Add +595.0% |
| NVT Nvent Electric PLC | 0.05% | 38,534 | $3.9M | Add +73.4% |
| FERG Ferguson Enterprises Inc. | 0.05% | 17,377 | $3.9M | New |
| SO The Southern Co. | 0.05% | 41,392 | $3.6M | Add +7.2% |
| MU Micron Technology Inc. | 0.04% | 11,738 | $3.4M | New |
| MTZ Mastec Inc. | 0.04% | 14,700 | $3.2M | Add +58.7% |
| MYRG MYR Group Inc./Delaware | 0.04% | 13,286 | $2.9M | Add +300.4% |
| CIFR Cipher Digital Inc. | 0.04% | 191,220 | $2.8M | Add +31.7% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.03% | 35,806 | $2.4M | Add +98.2% |
| PRIM Primoris Services Corp. | 0.03% | 19,218 | $2.4M | Add +58.8% |
| WULF Terawulf Inc. | 0.03% | 194,912 | $2.2M | Add +59.0% |
| PUMP Propetro Holding Corp. | 0.03% | 228,383 | $2.2M | New |
| ANET Arista Networks Inc. | 0.03% | 15,734 | $2.1M | Add +15.3% |
| STN Stantec Inc. | 0.03% | 21,269 | $2.0M | New |
| APH Amphenol Corp. Class A | 0.02% | 13,918 | $1.9M | Add +163.6% |
| GEV GE Vernova Inc. | 0.02% | 2,281 | $1.5M | Reduce -14.2% |
| MOD Modine Manufacturing Co. | 0.02% | 11,018 | $1.5M | Add +91.2% |
| DLR Digital Realty Trust Inc. | 0.02% | 8,500 | $1.3M | Reduce -27.2% |
| SNDK Sandisk Corp. | 0.02% | 5,060 | $1.2M | New |
| CAT Caterpillar Inc. | 0.01% | 1,816 | $1.0M | New |
| GLP Global Partners LP | 0.01% | 24,362 | $1.0M | No change |
| NVDA Nvidia Corp. | 0.01% | 5,266 | $982K | Add +58.4% |
| SMCI Super Micro Computer Inc. | 0.01% | 31,810 | $931K | Add +58.8% |
| CMI Cummins Inc. | 0.01% | 1,450 | $740K | Reduce -27.4% |
| NGL NGL Energy Partners LP | 0.01% | 68,234 | $682K | No change |
| CLS Celestica Inc. | 0.01% | 2,112 | $624K | Add +58.1% |
| EQIX Equinix Inc. | 0.01% | 798 | $611K | Reduce -60.1% |
| GEL Genesis Energy L.P. | 0.01% | 32,331 | $504K | No change |
| TYG Tortoise Energy Infrastruct | 0.00% | 6,112 | $250K | New |
Portfolio Sells Q3 2025 → Q4 2025
| LNG Cheniere Energy Inc. | Reduce -14.0% | 5.68% | −2.41 |
| ENB Enbridge Inc. | Reduce -5.7% | 4.30% | −0.57 |
| VG Venture Global Inc. Class A | Sold out | 0.00% | −0.49 |
| SUN Sunoco LP | Reduce -45.0% | 0.53% | −0.41 |
| PBA Pembina Pipeline Corp. | Reduce -3.2% | 1.87% | −0.21 |
| HESM Hess Midstream LP Class A | Reduce -5.8% | 1.94% | −0.15 |
| EPD Enterprise Products Partners | Reduce -2.5% | 5.83% | −0.08 |
| WEC WEC Energy Group Inc. | Reduce -10.2% | 0.21% | −0.05 |
| DVN Devon Energy Corp. | Reduce -37.3% | 0.07% | −0.04 |
| KNTK Kinetik Holdings Inc. | Reduce -0.1% | 0.17% | −0.03 |
| PSX Phillips 66 | Reduce -5.3% | 0.18% | −0.02 |
| RIOT Riot Platforms Inc. | Sold out | 0.00% | −0.02 |
| TT Trane Technologies PLC | Sold out | 0.00% | −0.02 |
| CMS CMS Energy Corp. | Reduce -1.7% | 0.19% | −0.02 |
| NTAP Netapp Inc. | Sold out | 0.00% | −0.01 |
| SOBO South Bow Corp. | Reduce -0.1% | 0.33% | −0.01 |
| MPC Marathon Petroleum Corp. | Reduce -3.5% | 0.06% | −0.01 |
| EQIX Equinix Inc. | Reduce -60.1% | 0.01% | −0.01 |
| VLO Valero Energy Corp. | Reduce -7.9% | 0.06% | −0.01 |
| OVV Ovintiv Inc. | Reduce -3.7% | 0.11% | −0.01 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.01 |
| DLR Digital Realty Trust Inc. | Reduce -27.2% | 0.02% | −0.01 |
| AR Antero Resources Corp. | Reduce -5.5% | 0.16% | −0.01 |
| XIFR XPLR Infrastructure LP | Sold out | 0.00% | −0.01 |
| APLD Applied Digital Corp. | Sold out | 0.00% | −0.01 |
| KGS Kodiak Gas Services Inc. | Reduce -1.0% | 0.34% | −0.00 |
| XTEAX Tortoise Sust&social Imp Ter | Sold out | 0.00% | −0.00 |
| GEV GE Vernova Inc. | Reduce -14.2% | 0.02% | −0.00 |
| CMI Cummins Inc. | Reduce -27.4% | 0.01% | −0.00 |
| XOM Exxon Mobil Corp. | Reduce -3.6% | 0.20% | +0.00 |
| EXE Expand Energy Corp. | Reduce -0.9% | 0.38% | +0.01 |
| CTRA Coterra Energy Inc. | Reduce -3.7% | 0.12% | +0.01 |
| EE Excelerate Energy Inc. Class A | Reduce -3.9% | 0.42% | +0.02 |
| PAGP Plains GP Holdings LP | Reduce -1.0% | 2.85% | +0.07 |
| MPLX MPLX LP | Reduce -1.5% | 9.05% | +0.34 |
Portfolio Buys Q3 2025 → Q4 2025
| TRGP Targa Resources Corp. | Add +20.3% | 7.96% | +1.87 |
| DTM DT Midstream Inc. | Add +10.6% | 4.54% | +0.61 |
| WES Western Midstream Partners L | Add +15.8% | 4.29% | +0.55 |
| OKE Oneok Inc. | Add +9.3% | 5.41% | +0.43 |
| CQP Cheniere Energy Partners LP | Add +37.6% | 0.74% | +0.19 |
| CORZ Core Scientific Inc. | New | 0.19% | +0.19 |
| CWEN Clearway Energy Inc. Class C | Add +0.1% | 1.11% | +0.16 |
| CEG Constellation Energy | Add +10.5% | 0.97% | +0.14 |
| PAA Plains All Amer Pipeline LP | Add +2.9% | 2.18% | +0.14 |
| NRG NRG Energy Inc. | Add +28.2% | 0.65% | +0.13 |
| FRMI Fermi Inc. | New | 0.11% | +0.11 |
| FSLR First Solar Inc. | New | 0.09% | +0.09 |
| ETR Entergy Corp. | Add +24.6% | 0.46% | +0.08 |
| CIEN Ciena Corp. | Add +107.5% | 0.08% | +0.05 |
| CNP Centerpoint Energy Inc. | Add +19.0% | 0.38% | +0.05 |
| FERG Ferguson Enterprises Inc. | New | 0.05% | +0.05 |
| NEE Nextera Energy Inc. | Add +482.4% | 0.06% | +0.05 |
| WDC Western Digital Corp. | Add +595.0% | 0.05% | +0.05 |
| SRE Sempra | Add +5.8% | 1.80% | +0.04 |
| MU Micron Technology Inc. | New | 0.04% | +0.04 |
| NI Nisource Inc. | Add +18.2% | 0.37% | +0.04 |
| MYRG MYR Group Inc./Delaware | Add +300.4% | 0.04% | +0.03 |
| PUMP Propetro Holding Corp. | New | 0.03% | +0.03 |
| STN Stantec Inc. | New | 0.03% | +0.03 |
| PWR Quanta Services Inc. | Add +71.7% | 0.05% | +0.02 |
| NVT Nvent Electric PLC | Add +73.4% | 0.05% | +0.02 |
| DELL Dell Technologies -C | Add +67.5% | 0.06% | +0.02 |
| APH Amphenol Corp. Class A | Add +163.6% | 0.02% | +0.02 |
| SNDK Sandisk Corp. | New | 0.02% | +0.02 |
| MTZ Mastec Inc. | Add +58.7% | 0.04% | +0.02 |
| CAT Caterpillar Inc. | New | 0.01% | +0.01 |
| VRT Vertiv Holdings Co. Class A | Add +19.9% | 0.06% | +0.01 |
| CIFR Cipher Digital Inc. | Add +31.7% | 0.04% | +0.01 |
| P Everpure Inc. Class A | Add +98.2% | 0.03% | +0.01 |
| WULF Terawulf Inc. | Add +59.0% | 0.03% | +0.01 |
| PRIM Primoris Services Corp. | Add +58.8% | 0.03% | +0.01 |
| MOD Modine Manufacturing Co. | Add +91.2% | 0.02% | +0.01 |
| TRP TC Energy Corp. | Add +0.3% | 6.43% | +0.01 |
| TLN Talen Energy Corp. | Add +16.0% | 0.56% | +0.00 |
| NVDA Nvidia Corp. | Add +58.4% | 0.01% | +0.00 |
| CLS Celestica Inc. | Add +58.1% | 0.01% | +0.00 |
| TYG Tortoise Energy Infrastruct | New | 0.00% | +0.00 |
| DTE DTE Energy Company | Add +12.4% | 0.20% | +0.00 |
| ANET Arista Networks Inc. | Add +15.3% | 0.03% | +0.00 |
| SMCI Super Micro Computer Inc. | Add +58.8% | 0.01% | −0.00 |
| SO The Southern Co. | Add +7.2% | 0.05% | −0.00 |
| EVRG Evergy Inc. | Add +5.9% | 1.26% | −0.01 |
| EQT Eqt Corp. | Add +0.2% | 0.45% | −0.01 |
| XEL Xcel Energy Inc. | Add +4.6% | 0.38% | −0.02 |
| KMI Kinder Morgan Inc. | Add +2.1% | 3.20% | −0.07 |
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 |