Tortoise Investment Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 5, 2026), Tortoise Investment Management, LLC reported 245 stock positions worth $1.2 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 7.8% of the portfolio, followed by iShares 0-5 Year Tips Bond E (STIP, 7.2%) and Avantis U.S. Equity ETF (AVUS, 3.6%). Compared with Q4 2025, it opened 22 new positions, sold out of 13, added to 113 and reduced 80. The biggest buy was Mortgage-Backed Securities (JMTG, shares +1491%) and the biggest sale Doubleline Mortgage ETF (DMBS, shares −93%).
- Most Recent 13F
- Q2 2026
- Location
- WHITE PLAINS, NY
- CIK
- 0001599511
- Portfolio Value
- $1.2B (Q1 2026)
- SEC Filing
- 0001599511-26-000002 ↗ filed May 5, 2026
Holdings Value
Holdings 245 stocks · $1.2B
| IVV iShares Core S&P 500 ETF | 7.84% | 145,300 | $94.9M | Reduce -1.2% |
| STIP iShares 0-5 Year Tips Bond E | 7.18% | 840,231 | $86.9M | Add +48.3% |
| AVUS Avantis U.S. Equity ETF | 3.60% | 392,287 | $43.6M | Add +9.1% |
| BTT BlackRock 2030 Muni TRGT TRM | 2.63% | 1,401,152 | $31.8M | Add +2.9% |
| JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F | 2.59% | 615,239 | $31.4M | Add +1491.4% |
| JMUB JPMorgan Municipal ETF | 2.44% | 591,139 | $29.6M | Add +11.5% |
| SGOV iShares 0-3 Month Treasury B | 2.40% | 288,750 | $29.1M | Add +1.1% |
| MTBA Simplify MBS ETF | 2.10% | 515,238 | $25.5M | Add +9.5% |
| SCHP Schwab U.S. Tips ETF | 2.04% | 929,663 | $24.7M | Add +3.9% |
| VGLT Vanguard Long-Term Treasury | 2.00% | 438,652 | $24.3M | Reduce 0.0% |
| IEMG iShares Core MSCI Emerging | 1.77% | 306,530 | $21.4M | Reduce -0.8% |
| SCHX Schwab US Large-Cap ETF | 1.58% | 745,894 | $19.1M | Add +5.8% |
| DFAU Dimensional US Core Equity M | 1.49% | 401,124 | $18.1M | Add +9.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.44% | 89,094 | $17.5M | Add +1.0% |
| VGIT Vanguard Intermediate-Term T | 1.39% | 283,471 | $16.9M | Add +3849.7% |
| SCHC Schwab Intl Small-Cap Equity | 1.39% | 360,627 | $16.9M | Add +1.0% |
| BOXX Alpha Architect 1-3 MNTH Box | 1.39% | 144,816 | $16.8M | Add +15.5% |
| IWB iShares Russell 1000 ETF | 1.38% | 46,963 | $16.7M | Reduce -1.4% |
| ITOT iShares Core S&P Total U.S. | 1.36% | 115,343 | $16.4M | Reduce -3.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.31% | 24,387 | $15.9M | Add +2.7% |
| SPEM State Street SP PTF Em ETF | 1.30% | 336,843 | $15.8M | Add +0.9% |
| VBIL Vanguard 0-3M T-Bill ETF | 1.28% | 205,702 | $15.6M | Add +159.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.24% | 195,424 | $15.0M | Add +16.7% |
| DCRE DBL Comm Real Est Debt | 1.17% | 271,791 | $14.1M | Add +2.6% |
| IEFA iShares Core MSCI Eafe ETF | 1.16% | 155,530 | $14.1M | Reduce -1.9% |
| CARY Angel Oak Income ETF | 1.14% | 662,643 | $13.8M | Add +2.3% |
| AAPL Apple Inc. | 1.07% | 50,826 | $12.9M | Reduce -4.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 1.04% | 276,912 | $12.6M | Add +2.5% |
| VTI VG Morningstar TS MKT ETF-US | 1.04% | 39,297 | $12.6M | Reduce -0.6% |
| IJR iShares Core S&P Small-Cap E | 1.02% | 99,019 | $12.3M | Reduce -0.3% |
| SCHH Schwab US REIT ETF | 1.00% | 561,307 | $12.1M | Add +7.1% |
| DFAI Dimensional International Co. | 0.99% | 308,575 | $12.0M | Add +6.4% |
| DFAE Dimensional Emerging Core Eq | 0.98% | 351,334 | $11.9M | Add +3.4% |
| BAB Invesco Taxable Municipal Bo | 0.95% | 428,478 | $11.6M | Add +3.0% |
| DFAC Dimensional US Core Equity 2 | 0.95% | 296,120 | $11.5M | Add +4.1% |
| AVEE Avantis Em MKT SM Cap Eq ETF | 0.95% | 180,706 | $11.5M | Add +1288.4% |
| VEA Vanguard Ftse Developed ETF | 0.90% | 170,559 | $10.9M | Reduce -0.2% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.88% | 221,406 | $10.7M | Add +6.6% |
| MLN Vaneck Long Muni ETF | 0.86% | 596,857 | $10.4M | Add +16.2% |
| IUSV iShares Core S&P U.S. Value | 0.86% | 101,314 | $10.4M | Reduce -2.3% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.85% | 34,317 | $10.3M | Add +11.6% |
| DFSV Dimensional US Small Cap Val | 0.84% | 290,014 | $10.2M | Add +3.7% |
| VWO Vanguard Ftse Emerging Marke | 0.83% | 185,778 | $10.0M | Add +2.4% |
| AVEM Avantis Emerging Markets Eq | 0.82% | 123,355 | $9.9M | Add +2.4% |
| DFIV Dimensional International Va | 0.79% | 180,692 | $9.5M | Reduce -0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.70% | 17,683 | $8.5M | Reduce -4.5% |
| AVUV Avantis US Small Cap Value | 0.67% | 72,935 | $8.1M | Add +3.1% |
| DGS Wisdomtree Em Small Cap | 0.65% | 131,140 | $7.9M | Reduce -54.0% |
| NUW Nuveen Amt-Free Muni Val | 0.62% | 525,107 | $7.5M | Reduce -15.0% |
| SCHA Schwab US Small-Cap ETF | 0.61% | 254,119 | $7.4M | Add +1.8% |
| DFEV Dimensional Emrg MRKT Val | 0.60% | 203,938 | $7.3M | Add +4.9% |
| DFUS Dimensional US Eq MKT ETF | 0.57% | 97,251 | $6.9M | Add +7.1% |
| AVIV Avantis Intl LRG Cap Val ETF | 0.56% | 91,290 | $6.8M | Reduce -0.2% |
| DUHP Dimensional US High Profi Et | 0.52% | 172,151 | $6.3M | Add +25.9% |
| PZA Invesco National Amt-Free Mu | 0.51% | 267,836 | $6.2M | Add +3.6% |
| AVTM Avantis Total Equity ETF | 0.49% | 125,476 | $5.9M | New |
| PGR Progressive Corp. | 0.49% | 29,668 | $5.9M | Reduce -1.4% |
| IVE iShares S&P 500 Value ETF | 0.49% | 27,846 | $5.9M | Reduce -3.3% |
| DFAS Dimensional US Small Cap ETF | 0.46% | 78,897 | $5.6M | Add +1.1% |
| NIM Nuveen Select Maturit Muni | 0.45% | 571,194 | $5.4M | Reduce -7.7% |
| MINO PIMCO Municipal Income Oppor | 0.41% | 109,890 | $5.0M | Add +52.0% |
| AVDV Avantis Intl S/C Value ETF | 0.39% | 47,375 | $4.7M | Add +4.0% |
| VSS Vanguard Ftse All Wo X-US SC | 0.38% | 31,847 | $4.6M | Reduce -2.0% |
| NNY Nuveen New York Muni Val | 0.38% | 549,648 | $4.6M | Reduce -17.0% |
| IXUS iShares Core Intl Stock ETF | 0.38% | 52,637 | $4.6M | Reduce -1.9% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.37% | 20,433 | $4.4M | Reduce -2.9% |
| DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND | 0.36% | 9,367 | $4.3M | Reduce -8.3% |
| AVES Avantis Emerging Markets Val | 0.34% | 67,743 | $4.1M | Reduce -1.4% |
| VOO Vanguard S&P 500 ETF | 0.32% | 6,418 | $3.8M | Reduce -3.6% |
| TLT iShares 20+ Year Treasury BD | 0.32% | 44,109 | $3.8M | Add +3.5% |
| SCHB Schwab US Broad Market ETF | 0.30% | 146,331 | $3.7M | Reduce -2.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.30% | 13,717 | $3.6M | Add +3.8% |
| AVDE Avantis International Equity | 0.29% | 41,812 | $3.5M | Add +10.8% |
| VGSH Vanguard Short-Term Treasury | 0.29% | 60,074 | $3.5M | Add +20.7% |
| MSFT Microsoft Corp. | 0.29% | 9,498 | $3.5M | Reduce -0.8% |
| SCHF Schwab Intl Equity ETF | 0.28% | 138,957 | $3.4M | Reduce -0.0% |
| QUAL iShares MSCI USA Quality Fac | 0.28% | 17,799 | $3.4M | Add +8.4% |
| EWX State Street SPDR S&P Emergi | 0.28% | 51,463 | $3.4M | Reduce -16.6% |
| VEU Vanguard Ftse All-World Ex-U | 0.27% | 44,249 | $3.3M | Reduce -1.6% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.27% | 66,579 | $3.3M | Reduce -0.6% |
| DIHP Dimensional International Hi | 0.27% | 102,340 | $3.3M | No change |
| LTPZ PIMCO 15+ YR US Tips Indx | 0.26% | 61,697 | $3.1M | Add +10.2% |
| IJS iShares S&P Small-Cap 600 Va | 0.26% | 26,400 | $3.1M | Reduce -0.2% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.25% | 32,252 | $3.1M | Reduce -0.6% |
| AVMU Avantis Core Municipal Fixed | 0.24% | 63,630 | $2.9M | Add +69.3% |
| AVLV Avantis US Large Cap Value | 0.23% | 34,351 | $2.8M | Add +6.2% |
| MUNY Vanguard NY Tax-Ex Bond | 0.23% | 26,797 | $2.7M | Add +99.2% |
| SCHV Schwab US Large-Cap Value | 0.21% | 84,717 | $2.6M | Add +1.5% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.21% | 77,920 | $2.6M | Add +3.7% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.21% | 50,000 | $2.5M | Reduce -67.8% |
| LTBR Lightbridge Corp. | 0.19% | 215,937 | $2.3M | No change |
| WULF Terawulf Inc. | 0.18% | 153,221 | $2.2M | Add +0.0% |
| OEF iShares S&P 100 ETF | 0.18% | 6,917 | $2.2M | Reduce -0.4% |
| FTNY FR New York Muni Inc. ETF | 0.18% | 278,905 | $2.2M | Add +904.8% |
| JPM JPMorgan Chase & Co. | 0.18% | 7,346 | $2.2M | Reduce -5.9% |
| ESGV Vanguard ESG US Stock ETF | 0.16% | 17,526 | $2.0M | Add +3.7% |
| SCHO Schwab Short-Term US Treas | 0.15% | 76,127 | $1.8M | Reduce -1.6% |
| IJH iShares Core S&P Midcap ETF | 0.14% | 25,794 | $1.7M | Reduce -0.5% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.14% | 66,152 | $1.7M | Reduce -3.3% |
| NVDA Nvidia Corp. | 0.14% | 9,434 | $1.6M | Add +14.0% |
Options reported separately and not counted above: SPY puts ($59K), AXSM puts ($8K), SOFI calls ($143), INVH calls ($120), NDAQ calls ($49), QXO calls ($46), MBLY calls ($15).
Portfolio Sells Q4 2025 → Q1 2026
| DMBS Doubleline Mortgage ETF | Reduce -92.8% | 0.13% | −1.81 |
| IVV iShares Core S&P 500 ETF | Reduce -1.2% | 7.84% | −1.01 |
| DGS Wisdomtree Em Small Cap | Reduce -54.0% | 0.65% | −0.78 |
| JAAA Janus Henderson Aaa Clo ETF | Sold out | 0.00% | −0.68 |
| DFSD Dimensional Short Duration | Sold out | 0.00% | −0.52 |
| JMST JPM Ultra-Short Muni Income | Reduce -67.8% | 0.21% | −0.48 |
| MBB iShares MBS ETF | Reduce -82.5% | 0.05% | −0.26 |
| AAPL Apple Inc. | Reduce -4.4% | 1.07% | −0.20 |
| MEAR Ishrs Short Mat Muni Act ETF | Reduce -72.3% | 0.07% | −0.20 |
| ITOT iShares Core S&P Total U.S. | Reduce -3.2% | 1.36% | −0.20 |
| IWB iShares Russell 1000 ETF | Reduce -1.4% | 1.38% | −0.18 |
| NUW Nuveen Amt-Free Muni Val | Reduce -15.0% | 0.62% | −0.16 |
| VGLT Vanguard Long-Term Treasury | Reduce 0.0% | 2.00% | −0.14 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.6% | 1.04% | −0.12 |
| NNY Nuveen New York Muni Val | Reduce -17.0% | 0.38% | −0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -4.5% | 0.70% | −0.12 |
| PGR Progressive Corp. | Reduce -1.4% | 0.49% | −0.12 |
| MSFT Microsoft Corp. | Reduce -0.8% | 0.29% | −0.12 |
| NUV Nuveen Municipal Value | Sold out | 0.00% | −0.09 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -1.9% | 1.16% | −0.08 |
| IUSV iShares Core S&P U.S. Value | Reduce -2.3% | 0.86% | −0.08 |
| EWX State Street SPDR S&P Emergi | Reduce -16.6% | 0.28% | −0.07 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -8.3% | 0.36% | −0.07 |
| NIM Nuveen Select Maturit Muni | Reduce -7.7% | 0.45% | −0.06 |
| IEMG iShares Core MSCI Emerging | Reduce -0.8% | 1.77% | −0.06 |
| GS Goldman Sachs Group Inc. | Reduce -49.2% | 0.05% | −0.06 |
| IVE iShares S&P 500 Value ETF | Reduce -3.3% | 0.49% | −0.05 |
| VOO Vanguard S&P 500 ETF | Reduce -3.6% | 0.32% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -15.4% | 0.09% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -5.9% | 0.18% | −0.04 |
| SCHB Schwab US Broad Market ETF | Reduce -2.4% | 0.30% | −0.04 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.04 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.2% | 0.90% | −0.04 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.3% | 1.02% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -9.0% | 0.12% | −0.03 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -29.5% | 0.06% | −0.03 |
| OEF iShares S&P 100 ETF | Reduce -0.4% | 0.18% | −0.03 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -2.0% | 0.38% | −0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -2.9% | 0.37% | −0.03 |
| COF Capital One Financial Corp. | Sold out | 0.00% | −0.02 |
| AMP Ameriprise Financial Inc. | Sold out | 0.00% | −0.02 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.02 |
| IXUS iShares Core Intl Stock ETF | Reduce -1.9% | 0.38% | −0.02 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -0.6% | 0.27% | −0.02 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.02 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.02 |
| CSCO Cisco Systems Inc. | Reduce -29.1% | 0.04% | −0.02 |
| USMV iShares MSCI USA Min Vol Fac | Sold out | 0.00% | −0.02 |
| VGT Vanguard Info Tech ETF | Sold out | 0.00% | −0.02 |
| FXB Invesco Currencyshares Briti | Sold out | 0.00% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| JMTG Mortgage-Backed Securities | Add +1491.4% | 2.59% | +2.42 |
| STIP iShares 0-5 Year Tips Bond E | Add +48.3% | 7.18% | +2.08 |
| VGIT Vanguard Intermediate-Term T | Add +3849.7% | 1.39% | +1.36 |
| AVEE Avantis Em MKT SM Cap Eq ETF | Add +1288.4% | 0.95% | +0.88 |
| VBIL Vanguard 0-3M T-Bill ETF | Add +159.8% | 1.28% | +0.76 |
| AVTM Avantis Total Equity ETF | New | 0.49% | +0.49 |
| FTNY FR New York Muni Inc. ETF | Add +904.8% | 0.18% | +0.16 |
| BOXX Alpha Architect 1-3 MNTH Box | Add +15.5% | 1.39% | +0.12 |
| MINO PIMCO Municipal Income Oppor | Add +52.0% | 0.41% | +0.12 |
| MUNY Vanguard NY Tax-Ex Bond | Add +99.2% | 0.23% | +0.10 |
| JMUB JPMorgan Municipal ETF | Add +11.5% | 2.44% | +0.09 |
| AVMU Avantis Core Municipal Fixed | Add +69.3% | 0.24% | +0.09 |
| AVUQ Avantis US Quality Eq ETF | New | 0.09% | +0.09 |
| VTHR Vanguard Russell 3000 | New | 0.08% | +0.08 |
| SPTM SS SPDR P S&P 1500 Comp ETF | New | 0.07% | +0.07 |
| AVUS Avantis U.S. Equity ETF | Add +9.1% | 3.60% | +0.07 |
| MLN Vaneck Long Muni ETF | Add +16.2% | 0.86% | +0.07 |
| DUHP Dimensional US High Profi Et | Add +25.9% | 0.52% | +0.07 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +16.7% | 1.24% | +0.06 |
| GLD SPDR Gold Shares | New | 0.05% | +0.05 |
| FLMI Franklin Dynamic Municipal B | New | 0.05% | +0.05 |
| JEPI JPMorgan Equity Premium Inco | New | 0.04% | +0.04 |
| SCHH Schwab US REIT ETF | Add +7.1% | 1.00% | +0.03 |
| VGSH Vanguard Short-Term Treasury | Add +20.7% | 0.29% | +0.03 |
| AVUV Avantis US Small Cap Value | Add +3.1% | 0.67% | +0.03 |
| DFSV Dimensional US Small Cap Val | Add +3.7% | 0.84% | +0.03 |
| AVRE Avantis Real Estate ETF | New | 0.03% | +0.03 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +6.6% | 0.88% | +0.03 |
| WULF Terawulf Inc. | Add +0.0% | 0.18% | +0.03 |
| DFEV Dimensional Emrg MRKT Val | Add +4.9% | 0.60% | +0.03 |
| SCHR Schwab Intermediate-Term US | Add +32.1% | 0.13% | +0.03 |
| DXJ Wisdomtree Japan Hedged Eq | New | 0.02% | +0.02 |
| DFAI Dimensional International Co. | Add +6.4% | 0.99% | +0.02 |
| JPIE JPMorgan Income ETF | New | 0.02% | +0.02 |
| IDEV iShares Core MSCI Dev MKTS | New | 0.02% | +0.02 |
| MTBA Simplify MBS ETF | Add +9.5% | 2.10% | +0.02 |
| AVDE Avantis International Equity | Add +10.8% | 0.29% | +0.02 |
| DFLV Dim US Large Cap Value ETF | Add +59.3% | 0.06% | +0.02 |
| VTEC Vanguard Ca Tax-Ex Bond | Add +97.8% | 0.04% | +0.02 |
| MPC Marathon Petroleum Corp. | New | 0.02% | +0.02 |
| XOM Exxon Mobil Corp. | Add +6.8% | 0.06% | +0.02 |
| DVY iShares Select Dividend ETF | New | 0.02% | +0.02 |
| SCHD Schwab US DVD Equity ETF | New | 0.02% | +0.02 |
| HEFA Isha Curr Hedged MSCI Eafe | New | 0.02% | +0.02 |
| VZ Verizon Communications Inc. | New | 0.02% | +0.02 |
| EPD Enterprise Products Partners | New | 0.02% | +0.02 |
| USFR Wisdomtree Floating Rate Tre | New | 0.02% | +0.02 |
| MUNI PIMCO Intermediate Municipal | Add +39.5% | 0.07% | +0.02 |
| AVDV Avantis Intl S/C Value ETF | Add +4.0% | 0.39% | +0.01 |
| AVLV Avantis US Large Cap Value | Add +6.2% | 0.23% | +0.01 |
Options Activity Q4 2025 → Q1 2026
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +5332.1% | 1,320,000 | $59K |
| AXSM Axsome Therapeutics Inc. | put | Add +9900.0% | 80,000 | $8K |
| AAPL Apple Inc. | put | Sold out | 8,500 | $600before exit |
| SOFI Sofi Technologies Inc. | call | New | 50,000 | $143 |
| INVH Invitation Homes Inc. | call | New | 20,000 | $120 |
| PGR Progressive Corp. | call | Sold out | 400 | $108before exit |
| NDAQ Nasdaq Inc. | call | New | 10,000 | $49 |
| QXO Qxo Inc. | call | New | 20,000 | $46 |
| MBLY Mobileye Global Inc. Class A | call | New | 30,000 | $15 |
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 |