Tortoise Investment Management, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 7, 2026), Tortoise Investment Management, LLC reported 252 stock positions worth $1.3 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 8.0% of the portfolio, followed by iShares 0-5 Year Tips Bond E (STIP, 6.9%) and Avantis U.S. Equity ETF (AVUS, 4.0%). Compared with Q1 2026, it opened 20 new positions, sold out of 13, added to 105 and reduced 90. The biggest buy was a new position in AB New York Inter Muni ETF (NYM) and the biggest sale iShares 0-3 Month Treasury B (SGOV, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- WHITE PLAINS, NY
- CIK
- 0001599511
- Portfolio Value
- $1.3B (Q2 2026)
- SEC Filing
- 0001599511-26-000003 ↗ filed Aug 7, 2026
Holdings Value
Holdings 252 stocks · $1.3B
| IVV iShares Core S&P 500 ETF | 7.98% | 142,937 | $107.0M | Reduce -1.6% |
| STIP iShares 0-5 Year Tips Bond E | 6.86% | 900,987 | $92.0M | Add +7.2% |
| AVUS Avantis U.S. Equity ETF | 3.97% | 415,640 | $53.2M | Add +6.0% |
| JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F | 2.66% | 705,007 | $35.7M | Add +14.6% |
| JMUB JPMorgan Municipal ETF | 2.51% | 664,214 | $33.6M | Add +12.4% |
| BTT BlackRock 2030 Muni TRGT TRM | 2.41% | 1,420,474 | $32.3M | Add +1.4% |
| VGLT Vanguard Long-Term Treasury | 2.04% | 495,847 | $27.4M | Add +13.0% |
| SGOV iShares 0-3 Month Treasury B | 1.97% | 262,915 | $26.5M | Reduce -8.9% |
| SCHP Schwab U.S. Tips ETF | 1.93% | 978,659 | $25.9M | Add +5.3% |
| MTBA Simplify MBS ETF | 1.93% | 527,409 | $25.9M | Add +2.4% |
| IEMG iShares Core MSCI Emerging | 1.82% | 295,482 | $24.5M | Reduce -3.6% |
| SCHX Schwab US Large-Cap ETF | 1.62% | 737,656 | $21.7M | Reduce -1.1% |
| DFAU Dimensional US Core Equity M | 1.56% | 404,352 | $20.9M | Add +0.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.47% | 90,620 | $19.7M | Add +1.7% |
| ITOT iShares Core S&P Total U.S. | 1.42% | 116,376 | $19.1M | Add +0.9% |
| IWB iShares Russell 1000 ETF | 1.42% | 46,519 | $19.0M | Reduce -0.9% |
| VGIT Vanguard Intermediate-Term T | 1.40% | 319,219 | $18.8M | Add +12.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.34% | 24,069 | $18.0M | Reduce -1.3% |
| BOXX Alpha Architect 1-3 MNTH Box | 1.33% | 152,407 | $17.8M | Add +5.2% |
| SCHC Schwab Intl Small-Cap Equity | 1.31% | 365,315 | $17.6M | Add +1.3% |
| SPEM State Street SP PTF Em ETF | 1.30% | 336,148 | $17.4M | Reduce -0.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.25% | 190,204 | $16.7M | Reduce -2.7% |
| VBIL Vanguard 0-3M T-Bill ETF | 1.16% | 205,882 | $15.6M | Add +0.1% |
| AAPL Apple Inc. | 1.11% | 51,606 | $14.9M | Add +1.5% |
| IEFA iShares Core MSCI Eafe ETF | 1.10% | 152,455 | $14.7M | Reduce -2.0% |
| VTI VG Morningstar TS MKT ETF-US | 1.07% | 38,756 | $14.3M | Reduce -1.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 1.07% | 284,576 | $14.3M | Add +2.8% |
| IJR iShares Core S&P Small-Cap E | 1.06% | 96,204 | $14.3M | Reduce -2.8% |
| DFAE Dimensional Emerging Core Eq | 1.06% | 354,317 | $14.2M | Add +0.8% |
| DCRE DBL Comm Real Est Debt | 1.06% | 273,990 | $14.2M | Add +0.8% |
| SPSM SS SPDR P S&P 600 Small Cap | 1.01% | 235,466 | $13.6M | Add +6.3% |
| CARY Angel Oak Income ETF | 1.01% | 651,023 | $13.5M | Reduce -1.8% |
| SCHH Schwab US REIT ETF | 1.01% | 570,742 | $13.5M | Add +1.7% |
| DFAC Dimensional US Core Equity 2 | 0.99% | 300,547 | $13.3M | Add +1.5% |
| AVEE Avantis Em MKT SM Cap Eq ETF | 0.95% | 184,695 | $12.8M | Add +2.2% |
| DFAI Dimensional International Co. | 0.95% | 310,076 | $12.8M | Add +0.5% |
| BAB Invesco Taxable Municipal Bo | 0.93% | 464,700 | $12.5M | Add +8.4% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.88% | 34,519 | $11.9M | Add +0.6% |
| VEA Vanguard Ftse Developed ETF | 0.88% | 165,461 | $11.8M | Reduce -3.0% |
| AVEM Avantis Emerging Markets Eq | 0.87% | 121,127 | $11.7M | Reduce -1.8% |
| DFSV Dimensional US Small Cap Val | 0.85% | 292,404 | $11.3M | Add +0.8% |
| MLN Vaneck Long Muni ETF | 0.84% | 634,387 | $11.3M | Add +6.3% |
| IUSV iShares Core S&P U.S. Value | 0.82% | 100,080 | $11.0M | Reduce -1.2% |
| VWO Vanguard Ftse Emerging Marke | 0.81% | 181,484 | $10.8M | Reduce -2.3% |
| DFIV Dimensional International Va | 0.73% | 181,496 | $9.8M | Add +0.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.68% | 18,159 | $9.1M | Add +2.7% |
| SCHA Schwab US Small-Cap ETF | 0.67% | 249,627 | $9.0M | Reduce -1.8% |
| AVUV Avantis US Small Cap Value | 0.66% | 71,494 | $8.9M | Reduce -2.0% |
| DFUS Dimensional US Eq MKT ETF | 0.64% | 105,284 | $8.6M | Add +8.3% |
| DFEV Dimensional Emrg MRKT Val | 0.64% | 199,815 | $8.5M | Reduce -2.0% |
| DGS Wisdomtree Em Small Cap | 0.62% | 128,217 | $8.3M | Reduce -2.2% |
| DUHP Dimensional US High Profi Et | 0.56% | 180,837 | $7.5M | Add +5.0% |
| AVIV Avantis Intl LRG Cap Val ETF | 0.55% | 95,289 | $7.4M | Add +4.4% |
| NUW Nuveen Amt-Free Muni Val | 0.55% | 511,065 | $7.3M | Reduce -2.7% |
| AVTM Avantis Total Equity ETF | 0.50% | 123,076 | $6.7M | Reduce -1.9% |
| PGR Progressive Corp. | 0.48% | 29,699 | $6.5M | Add +0.1% |
| DFAS Dimensional US Small Cap ETF | 0.48% | 78,776 | $6.5M | Reduce -0.1% |
| PZA Invesco National Amt-Free Mu | 0.47% | 265,440 | $6.2M | Reduce -0.9% |
| IVE iShares S&P 500 Value ETF | 0.46% | 27,450 | $6.2M | Reduce -1.4% |
| MINO PIMCO Municipal Income Oppor | 0.43% | 126,080 | $5.8M | Add +14.7% |
| NIM Nuveen Select Maturit Muni | 0.40% | 570,254 | $5.4M | Reduce -0.2% |
| NYM AB New York Inter Muni ETF filed as AB ACTIVE ETFS INC | 0.38% | 201,018 | $5.1M | New |
| DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND | 0.36% | 9,340 | $4.9M | Reduce -0.3% |
| AVDV Avantis Intl S/C Value ETF | 0.36% | 46,832 | $4.8M | Reduce -1.1% |
| VSS Vanguard Ftse All Wo X-US SC | 0.36% | 30,905 | $4.8M | Reduce -3.0% |
| NNY Nuveen New York Muni Val | 0.35% | 538,148 | $4.7M | Reduce -2.1% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.35% | 19,299 | $4.7M | Reduce -5.5% |
| IXUS iShares Core Intl Stock ETF | 0.35% | 49,007 | $4.7M | Reduce -6.9% |
| VOO Vanguard S&P 500 ETF | 0.33% | 6,419 | $4.4M | Add +0.0% |
| AVES Avantis Emerging Markets Val | 0.33% | 67,181 | $4.4M | Reduce -0.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.32% | 14,367 | $4.4M | Add +4.7% |
| SCHB Schwab US Broad Market ETF | 0.31% | 145,287 | $4.2M | Reduce -0.7% |
| AVDE Avantis International Equity | 0.29% | 43,312 | $3.9M | Add +3.6% |
| SCHF Schwab Intl Equity ETF | 0.29% | 139,138 | $3.9M | Add +0.1% |
| QUAL iShares MSCI USA Quality Fac | 0.28% | 17,324 | $3.8M | Reduce -2.7% |
| WULF Terawulf Inc. | 0.28% | 153,225 | $3.8M | Add +0.0% |
| EWX State Street SPDR S&P Emergi | 0.28% | 49,974 | $3.7M | Reduce -2.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.27% | 43,984 | $3.7M | Reduce -0.6% |
| JPIE JPMorgan Income ETF | 0.27% | 79,732 | $3.7M | Add +1349.7% |
| LTPZ PIMCO 15+ YR US Tips Indx | 0.27% | 71,497 | $3.6M | Add +15.9% |
| IJS iShares S&P Small-Cap 600 Va | 0.27% | 26,352 | $3.6M | Reduce -0.2% |
| MSFT Microsoft Corp. | 0.27% | 9,549 | $3.6M | Add +0.5% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.26% | 32,052 | $3.5M | Reduce -0.6% |
| DIHP Dimensional International Hi | 0.25% | 98,742 | $3.4M | Reduce -3.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.25% | 65,548 | $3.3M | Reduce -1.6% |
| AVLV Avantis US Large Cap Value | 0.24% | 36,038 | $3.3M | Add +4.9% |
| AVMU Avantis Core Municipal Fixed | 0.24% | 68,554 | $3.2M | Add +7.7% |
| SCHV Schwab US Large-Cap Value | 0.22% | 83,088 | $2.9M | Reduce -1.9% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.21% | 77,970 | $2.8M | Add +0.1% |
| FTNY FR New York Muni Inc. ETF | 0.21% | 354,245 | $2.8M | Add +27.0% |
| MUNY Vanguard NY Tax-Ex Bond | 0.20% | 25,410 | $2.6M | Reduce -5.2% |
| TLT iShares 20+ Year Treasury BD | 0.20% | 30,520 | $2.6M | Reduce -30.8% |
| VGSH Vanguard Short-Term Treasury | 0.19% | 44,895 | $2.6M | Reduce -25.3% |
| OEF iShares S&P 100 ETF | 0.19% | 6,917 | $2.5M | No change |
| JPM JPMorgan Chase & Co. | 0.18% | 7,492 | $2.5M | Add +2.0% |
| NVDA Nvidia Corp. | 0.18% | 11,950 | $2.4M | Add +26.7% |
| SCHR Schwab Intermediate-Term US | 0.18% | 95,958 | $2.4M | Add +47.8% |
| ESGV Vanguard ESG US Stock ETF | 0.17% | 17,083 | $2.3M | Reduce -2.5% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.15% | 40,000 | $2.0M | Reduce -20.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.15% | 2,674 | $2.0M | Add +3.8% |
Options reported separately and not counted above: SPY puts ($45K), AAPL puts ($2K), AXSM puts ($680).
Portfolio Sells Q1 2026 → Q2 2026
| SGOV iShares 0-3 Month Treasury B | Reduce -8.9% | 1.97% | −0.43 |
| CARY Angel Oak Income ETF | Reduce -1.8% | 1.01% | −0.13 |
| TLT iShares 20+ Year Treasury BD | Reduce -30.8% | 0.20% | −0.12 |
| VGSH Vanguard Short-Term Treasury | Reduce -25.3% | 0.19% | −0.10 |
| NUW Nuveen Amt-Free Muni Val | Reduce -2.7% | 0.55% | −0.07 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -2.0% | 1.10% | −0.07 |
| DMBS Doubleline Mortgage ETF | Reduce -39.3% | 0.07% | −0.06 |
| JMST JPM Ultra-Short Muni Income | Reduce -20.0% | 0.15% | −0.06 |
| SCHO Schwab Short-Term US Treas | Reduce -30.0% | 0.10% | −0.06 |
| NIM Nuveen Select Maturit Muni | Reduce -0.2% | 0.40% | −0.05 |
| PZA Invesco National Amt-Free Mu | Reduce -0.9% | 0.47% | −0.04 |
| IUSV iShares Core S&P U.S. Value | Reduce -1.2% | 0.82% | −0.03 |
| VCSH Vanguard S/T Corp. Bond ETF | Sold out | 0.00% | −0.03 |
| DGS Wisdomtree Em Small Cap | Reduce -2.2% | 0.62% | −0.03 |
| AVDV Avantis Intl S/C Value ETF | Reduce -1.1% | 0.36% | −0.03 |
| MUNY Vanguard NY Tax-Ex Bond | Reduce -5.2% | 0.20% | −0.03 |
| NNY Nuveen New York Muni Val | Reduce -2.1% | 0.35% | −0.03 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -3.0% | 0.36% | −0.03 |
| IXUS iShares Core Intl Stock ETF | Reduce -6.9% | 0.35% | −0.03 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -1.6% | 0.25% | −0.03 |
| MUB iShares National Muni Bond E | Reduce -28.1% | 0.05% | −0.02 |
| VTEC Vanguard Ca Tax-Ex Bond | Reduce -53.7% | 0.02% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Reduce -3.0% | 0.88% | −0.02 |
| T AT&T Inc. | Sold out | 0.00% | −0.02 |
| JSCP JPMorgan Short Duration Core | Sold out | 0.00% | −0.02 |
| VWO Vanguard Ftse Emerging Marke | Reduce -2.3% | 0.81% | −0.02 |
| GLD SPDR Gold Shares | Reduce -30.6% | 0.03% | −0.02 |
| DIHP Dimensional International Hi | Reduce -3.5% | 0.25% | −0.02 |
| IVE iShares S&P 500 Value ETF | Reduce -1.4% | 0.46% | −0.02 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.02 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -11.8% | 0.10% | −0.02 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -5.5% | 0.35% | −0.02 |
| WOOD iShares Global Timber & Fore | Sold out | 0.00% | −0.02 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.02 |
| EPD Enterprise Products Partners | Sold out | 0.00% | −0.02 |
| ZBRA Zebra Technologies Corp. Class A | Sold out | 0.00% | −0.02 |
| JEPI JPMorgan Equity Premium Inco | Reduce -32.1% | 0.02% | −0.01 |
| TFI SS SPDR N Ice Muni Bond ETF | Reduce -21.8% | 0.03% | −0.01 |
| MUNI PIMCO Intermediate Municipal | Reduce -7.5% | 0.06% | −0.01 |
| DLS Wisdomtree Intl S/C DVD Fund | Reduce -5.0% | 0.07% | −0.01 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -17.9% | 0.03% | −0.01 |
| MBB iShares MBS ETF | Reduce -7.5% | 0.04% | −0.01 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -3.0% | 0.09% | −0.01 |
| JNJ Johnson & Johnson | Reduce -12.8% | 0.04% | −0.01 |
| AVRE Avantis Real Estate ETF | Reduce -23.8% | 0.02% | −0.01 |
| SPEM State Street SP PTF Em ETF | Reduce -0.2% | 1.30% | −0.01 |
| DXJ Wisdomtree Japan Hedged Eq | Reduce -31.2% | 0.02% | −0.01 |
| KMI Kinder Morgan Inc. | Reduce -17.1% | 0.02% | −0.01 |
| SOFI Sofi Technologies Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| NYM AB New York Inter Muni ETF | New | 0.38% | +0.38 |
| AVUS Avantis U.S. Equity ETF | Add +6.0% | 3.97% | +0.37 |
| JPIE JPMorgan Income ETF | Add +1349.7% | 0.27% | +0.25 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +6.3% | 1.01% | +0.13 |
| WULF Terawulf Inc. | Add +0.0% | 0.28% | +0.10 |
| DFAE Dimensional Emerging Core Eq | Add +0.8% | 1.06% | +0.08 |
| DFUS Dimensional US Eq MKT ETF | Add +8.3% | 0.64% | +0.07 |
| JMTG Mortgage-Backed Securities | Add +14.6% | 2.66% | +0.07 |
| ITOT iShares Core S&P Total U.S. | Add +0.9% | 1.42% | +0.07 |
| JMUB JPMorgan Municipal ETF | Add +12.4% | 2.51% | +0.07 |
| DFAU Dimensional US Core Equity M | Add +0.8% | 1.56% | +0.06 |
| JOYT JPMorgan Eq and Optin TR ETF | New | 0.06% | +0.06 |
| AAPL Apple Inc. | Add +1.5% | 1.11% | +0.05 |
| DFAC Dimensional US Core Equity 2 | Add +1.5% | 0.99% | +0.04 |
| SCHR Schwab Intermediate-Term US | Add +47.8% | 0.18% | +0.04 |
| NVDA Nvidia Corp. | Add +26.7% | 0.18% | +0.04 |
| DUHP Dimensional US High Profi Et | Add +5.0% | 0.56% | +0.04 |
| NBIS Nebius Group NV | New | 0.04% | +0.04 |
| JMBS Janus Henderson Mortg Backed | New | 0.04% | +0.04 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +0.6% | 0.88% | +0.04 |
| AMD Advanced Micro Devices | New | 0.04% | +0.04 |
| VGLT Vanguard Long-Term Treasury | Add +13.0% | 2.04% | +0.03 |
| FTNY FR New York Muni Inc. ETF | Add +27.0% | 0.21% | +0.03 |
| AMAT Applied Materials Inc. | New | 0.03% | +0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +1.7% | 1.47% | +0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +4.7% | 0.32% | +0.03 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +2.8% | 1.07% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +3.8% | 0.15% | +0.02 |
| LLY Eli Lilly & Co. | Add +6.7% | 0.12% | +0.02 |
| APH Amphenol Corp. Class A | New | 0.02% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +12.0% | 0.10% | +0.02 |
| ETN Eaton Corp. PLC | New | 0.02% | +0.02 |
| VGT Vanguard Info Tech ETF | New | 0.02% | +0.02 |
| MINO PIMCO Municipal Income Oppor | Add +14.7% | 0.43% | +0.02 |
| TXN Texas Instruments Inc. | New | 0.02% | +0.02 |
| CVS CVS Health Corp. | New | 0.02% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +4.5% | 0.12% | +0.02 |
| MU Micron Technology Inc. | New | 0.02% | +0.02 |
| BAC Bank of America Corp. | New | 0.02% | +0.02 |
| USRT iShares Core US REIT ETF | New | 0.02% | +0.02 |
| AVGO Broadcom Inc. | Add +21.4% | 0.07% | +0.02 |
| CAM AB California Inter Muni ETF | New | 0.02% | +0.02 |
| AVLV Avantis US Large Cap Value | Add +4.9% | 0.24% | +0.02 |
| HBAN Huntington Bancshares Inc. | New | 0.02% | +0.02 |
| BA The Boeing Co. | New | 0.02% | +0.02 |
| USMV iShares MSCI USA Min Vol Fac | New | 0.02% | +0.02 |
| CSCO Cisco Systems Inc. | Add +3.2% | 0.05% | +0.02 |
| BND Vanguard Total Bond Market | New | 0.01% | +0.01 |
| AMZN Amazon.com Inc. | Add +10.6% | 0.11% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +0.0% | 0.33% | +0.01 |
Options Activity Q1 2026 → Q2 2026
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -98.3% | 21,800 | $45K |
| AAPL Apple Inc. | put | New | 1,500 | $2K |
| AXSM Axsome Therapeutics Inc. | put | Reduce -99.0% | 800 | $680 |
| SOFI Sofi Technologies Inc. | call | Sold out | 50,000 | $143before exit |
| INVH Invitation Homes Inc. | call | Sold out | 20,000 | $120before exit |
| NDAQ Nasdaq Inc. | call | Sold out | 10,000 | $49before exit |
| QXO Qxo Inc. | call | Sold out | 20,000 | $46before exit |
| MBLY Mobileye Global Inc. Class A | call | Sold out | 30,000 | $15before exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 252 | $1.3B | IVV, STIP, AVUS, JMTG, JMUB |
| Q1 2026 | 245 | $1.2B | IVV, STIP, AVUS, BTT, JMTG |
| Q4 2025 | 236 | $1.1B | IVV, STIP, AVUS, BTT, SGOV |
| Q3 2025 | 1,534 | $1.1B | IVV, STIP, AVUS, SGOV, BTT |
| Q2 2025 | 1,282 | $1.0B | IVV, STIP, AVUS, SGOV, BTT |
| Q1 2025Amended | 813 | $960.2M | IVV, STIP, SGOV, AVUS, VGLT |
| Q4 2024Amended | 859 | $947.2M | IVV, STIP, AVUS, SGOV, VGLT |
| Q3 2024Amended | 866 | $957.1M | IVV, STIP, SGOV, AVUS, VGLT |
| Q2 2024Amended | 871 | $876.8M | IVV, STIP, SGOV, AVUS, VGLT |
| Q1 2024Amended | 861 | $823.7M | IVV, STIP, SGOV, AVUS, MBB |