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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
+47.75%
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
$6.22B
AUM Growth
+$799M
(+15%)
Cap. Flow
-$739M
Cap. Flow
% of AUM
-11.87%
Top 10 Holdings %
Top 10 Hldgs %
65.18%
Holding
127
New
3
Increased
33
Reduced
53
Closed
34
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
|
+$127M |
| 2 |
Plains All American Pipeline
PAA
|
+$123M |
| 3 |
Targa Resources
TRGP
|
+$98.4M |
| 4 |
Plains GP Holdings
PAGP
|
+$60.7M |
| 5 |
Western Midstream Partners
WES
|
+$59.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TC Energy
TRP
|
+$220M |
| 2 |
NextEra Energy
NEE
|
+$179M |
| 3 |
Sempra
SRE
|
+$156M |
| 4 |
Williams Companies
WMB
|
+$138M |
| 5 |
Kinder Morgan
KMI
|
+$108M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 97.26% |
| 2 | Utilities | 1.59% |
| 3 | Industrials | 0.29% |
| 4 | Materials | 0.08% |
| 5 | Healthcare | 0.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Enterprise Products Partners
EPD
$84.6B
| $548M | 8.8% |
30,133,604
-105,546
| -0.3% | -$1.89M |
|
2
MPLX
MPLX
$60.8B
| $525M | 8.43% |
30,366,672
+2,130,097
| +8% | +$36.4M |
|
3
Energy Transfer Partners
ET
$70.4B
| $491M | 7.89% |
68,914,928
+4,058,944
| +6% | +$30.1M |
|
|
MMP
4
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $473M | 7.61% |
10,968,027
-1,161,002
| -10% | -$49M |
|
5
Oneok
OKE
$57.4B
| $397M | 6.39% |
11,962,181
+1,783,547
| +18% | +$58.1M |
|
|
6
Williams Companies
WMB
$86.7B
| $351M | 5.64% |
18,447,484
-7,436,759
| -29% | -$138M |
|
|
7
Kinder Morgan
KMI
$71.7B
| $327M | 5.25% |
21,526,715
-7,121,221
| -25% | -$108M |
|
8
Cheniere Energy
LNG
$54.4B
| $316M | 5.09% |
6,548,356
-312,887
| -5% | -$13.7M |
|
|
9
Plains All American Pipeline
PAA
$17.6B
| $315M | 5.07% |
35,674,085
+14,415,472
| +68% | +$123M |
|
|
PSXP
10
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $312M | 5.01% |
8,652,256
-1,176,997
| -12% | -$48.9M |
|
11
Enbridge
ENB
$122B
| $296M | 4.76% |
9,731,787
+29,828
| +0.3% | +$916K |
|
|
12
Targa Resources
TRGP
$57.3B
| $238M | 3.83% |
11,862,673
+6,545,648
| +123% | +$98.4M |
|
|
13
TC Energy
TRP
$71B
| $217M | 3.48% |
5,054,404
-4,896,330
| -49% | -$220M |
|
|
SHLX
14
DELISTED
Shell Midstream Partners, L.P.
SHLX
| $216M | 3.47% |
17,618,166
-643,967
| -4% | -$8.28M |
|
|
ETRN
15
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $191M | 3.07% |
22,953,642
+16,168,157
| +238% | +$127M |
|
|
16
Western Midstream Partners
WES
$19.6B
| $173M | 2.78% |
17,199,450
+7,150,532
| +71% | +$59.3M |
|
|
17
Plains GP Holdings
PAGP
$5.27B
| $166M | 2.67% |
18,671,557
+6,885,564
| +58% | +$60.7M |
|
18
Pembina Pipeline
PBA
$29.3B
| $106M | 1.71% |
4,250,020
+218,175
| +5% | +$5.05M |
|
|
NS
19
DELISTED
NuStar Energy L.P.
NS
| $82.3M | 1.32% |
5,766,667
-414,082
| -7% | -$5.51M |
|
|
BPMP
20
DELISTED
BP Midstream Partners LP Common Units representing Limited Partner Interests
BPMP
| $78.3M | 1.26% |
6,830,522
+1,523,830
| +29% | +$17.4M |
|
|
DCP
21
DELISTED
DCP Midstream, LP
DCP
| $62.8M | 1.01% |
5,561,474
-590,342
| -10% | -$5.59M |
|
|
NBLX
22
DELISTED
Noble Midstream Partners LP
NBLX
| $28.4M | 0.46% |
3,358,086
-974,537
| -22% | -$7.13M |
|
|
XIFR
23
XPLR Infrastructure LP
XIFR
$1.1B
| $27.7M | 0.45% |
540,250
-51,946
| -9% | -$2.52M |
|
24
Cheniere Energy
CQP
$31.7B
| $23.2M | 0.37% |
664,145
-253,712
| -28% | -$8.5M |
|
|
CEQP
25
DELISTED
Crestwood Equity Partners LP
CEQP
| $21.7M | 0.35% |
1,655,572
+1,333,072
| +413% | +$15.2M |
|
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Tortoise Capital Advisors's Q2 2020 Portfolio in Review
As of Q2 2020, Tortoise Capital Advisors held 127 positions worth $6.22B, up 15% from $5.42B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Tortoise Capital Advisors withdrew a net $739M in Q2 2020, closing 34 positions and reducing 53 holdings. Its most notable exit was EQM Midstream Partners, LP, an estimated $56M position sold in full.
By sector, the portfolio is most concentrated in Energy at 97% of assets, up from 87% a quarter earlier, followed by Utilities and Industrials.
Against the trend, Tortoise Capital Advisors opened a new position in Enviva Inc. worth $11.5M.
- Tortoise Capital Advisors's largest Q2 2020 buy was Enviva Inc.: 338,461 shares worth $11.5M.
- Tortoise Capital Advisors added most to Equitrans Midstream Corporation Common Stock in Q2 2020, an estimated $127M increase.
- Tortoise Capital Advisors's biggest Q2 2020 reduction was TC Energy, cutting an estimated $220M.
- Tortoise Capital Advisors fully exited EQM Midstream Partners, LP in Q2 2020, selling an estimated $56M.
- Tortoise Capital Advisors's ten largest holdings make up 65% of its $6.22B portfolio in Q2 2020.
- Tortoise Capital Advisors opened 3 new positions and closed 34 in Q2 2020.
- Tortoise Capital Advisors's portfolio value rose 15% quarter-over-quarter to $6.22B.
Based on Tortoise Capital Advisors's 13F filing for Q2 2020, filed 14 Aug 2020.