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TCA
Tortoise Capital Advisors Portfolio holdings
AUM
$9.6B
1-Year Est. Return
19.53%
This Fund
S&P 500
This Quarter
Est. Return
-41.96%
1 Year Est. Return
+19.53%
3 Year Est. Return
+98.15%
5 Year Est. Return
+186.3%
10 Year Est. Return
+234.34%
AUM
$5.42B
AUM Growth
-$10.3B
(-66%)
Cap. Flow
-$3.8B
Cap. Flow
% of AUM
-70.08%
Top 10 Holdings %
Top 10 Hldgs %
65.98%
Holding
155
New
27
Increased
13
Reduced
81
Closed
31
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pembina Pipeline
PBA
|
+$131M |
| 2 |
CEQP.PR
Crestwood Equity Partners LP Preferred Units representing limited partner interests
CEQP.PR
|
+$103M |
| 3 |
CMS Energy
CMS
|
+$51.3M |
| 4 |
TCP
TC Pipelines LP
TCP
|
+$30.2M |
| 5 |
Enbridge
ENB
|
+$23.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Energy Transfer Partners
ET
|
+$437M |
| 2 |
Enterprise Products Partners
EPD
|
+$323M |
| 3 |
Targa Resources
TRGP
|
+$306M |
| 4 |
MPLX
MPLX
|
+$283M |
| 5 |
MMP
Magellan Midstream Partners, L.P.
MMP
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 86.85% |
| 2 | Utilities | 8.5% |
| 3 | Industrials | 0.17% |
| 4 | Materials | 0.1% |
| 5 | Healthcare | 0.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MMP
1
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $443M | 8.16% |
12,129,029
-4,791,640
| -28% | -$257M |
|
2
TC Energy
TRP
$70.9B
| $441M | 8.13% |
9,950,734
-1,165,259
| -10% | -$59.1M |
|
|
3
Enterprise Products Partners
EPD
$84.6B
| $432M | 7.98% |
30,239,150
-13,917,480
| -32% | -$323M |
|
4
Kinder Morgan
KMI
$71.7B
| $399M | 7.35% |
28,647,936
-3,381,245
| -11% | -$64.3M |
|
5
Williams Companies
WMB
$86.7B
| $366M | 6.76% |
25,884,243
-11,921,432
| -32% | -$231M |
|
|
PSXP
6
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $358M | 6.6% |
9,829,253
-2,839,922
| -22% | -$151M |
|
|
7
MPLX
MPLX
$60.8B
| $328M | 6.05% |
28,236,575
-13,799,803
| -33% | -$283M |
|
|
8
Energy Transfer Partners
ET
$70.4B
| $298M | 5.5% |
64,855,984
-41,038,659
| -39% | -$437M |
|
|
9
Enbridge
ENB
$122B
| $282M | 5.21% |
9,701,959
+629,501
| +7% | +$23.3M |
|
10
Cheniere Energy
LNG
$54.4B
| $230M | 4.24% |
6,861,243
-2,690,623
| -28% | -$138M |
|
11
Oneok
OKE
$57.3B
| $222M | 4.09% |
10,178,634
-3,794,259
| -27% | -$231M |
|
12
NextEra Energy
NEE
$187B
| $200M | 3.68% |
3,317,440
+321,324
| +11% | +$20.2M |
|
|
SHLX
13
DELISTED
Shell Midstream Partners, L.P.
SHLX
| $182M | 3.36% |
18,262,133
-3,019,318
| -14% | -$51.5M |
|
14
Sempra
SRE
$59.4B
| $163M | 3% |
2,881,690
-742,576
| -20% | -$52.7M |
|
15
Plains All American Pipeline
PAA
$17.6B
| $112M | 2.07% |
21,258,613
-17,477,657
| -45% | -$240M |
|
|
16
Pembina Pipeline
PBA
$29.3B
| $75.7M | 1.4% |
4,031,845
+3,993,321
| +10,366% | +$131M |
|
17
Plains GP Holdings
PAGP
$5.27B
| $66.1M | 1.22% |
11,785,993
-922,183
| -7% | -$13M |
|
|
EQM
18
DELISTED
EQM Midstream Partners, LP
EQM
| $56M | 1.03% |
4,749,513
-6,859,371
| -59% | -$140M |
|
|
NS
19
DELISTED
NuStar Energy L.P.
NS
| $53.1M | 0.98% |
6,180,749
-4,373,291
| -41% | -$95.1M |
|
|
CEQP.PR
20
DELISTED
Crestwood Equity Partners LP Preferred Units representing limited partner interests
CEQP.PR
| $50M | 0.92% |
+13,146,442
| New | +$103M |
|
|
BPMP
21
DELISTED
BP Midstream Partners LP Common Units representing Limited Partner Interests
BPMP
| $49.4M | 0.91% |
5,306,692
-1,300,160
| -20% | -$16.9M |
|
|
22
CMS Energy
CMS
$23.2B
| $47.2M | 0.87% |
802,852
+801,000
| +43,251% | +$51.3M |
|
|
23
Targa Resources
TRGP
$57.3B
| $36.7M | 0.68% |
5,317,025
-10,286,282
| -66% | -$306M |
|
|
ETRN
24
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $34.1M | 0.63% |
6,785,485
-2,653,942
| -28% | -$23.2M |
|
25
Western Midstream Partners
WES
$19.7B
| $32.6M | 0.6% |
10,048,918
-10,830,256
| -52% | -$149M |
|
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Tortoise Capital Advisors's Q1 2020 Portfolio in Review
As of Q1 2020, Tortoise Capital Advisors held 155 positions worth $5.42B, down 66% from $15.7B the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Tortoise Capital Advisors withdrew a net $3.8B in Q1 2020, closing 31 positions and reducing 81 holdings. Its most notable exit was Enviva Inc., an estimated $5.05M position sold in full.
By sector, the portfolio is most concentrated in Energy at 87% of assets, down from 94% a quarter earlier, followed by Utilities and Industrials.
Against the trend, Tortoise Capital Advisors opened a new position in Crestwood Equity Partners LP Preferred Units representing limited partner interests worth $50M.
- Tortoise Capital Advisors's largest Q1 2020 buy was Crestwood Equity Partners LP Preferred Units representing limited partner interests: 13,146,442 shares worth $50M.
- Tortoise Capital Advisors added most to Pembina Pipeline in Q1 2020, an estimated $131M increase.
- Tortoise Capital Advisors's biggest Q1 2020 reduction was Energy Transfer Partners, cutting an estimated $437M.
- Tortoise Capital Advisors fully exited Enviva Inc. in Q1 2020, selling an estimated $5.05M.
- Tortoise Capital Advisors's ten largest holdings make up 66% of its $5.42B portfolio in Q1 2020.
- Tortoise Capital Advisors opened 27 new positions and closed 31 in Q1 2020.
- Tortoise Capital Advisors's portfolio value fell 66% quarter-over-quarter to $5.42B.
Based on Tortoise Capital Advisors's 13F filing for Q1 2020, filed 14 May 2020.