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TIS
Tortoise Index Solutions Portfolio holdings
AUM
$497M
1-Year Est. Return
17.23%
This Fund
S&P 500
This Quarter
Est. Return
+2.2%
1 Year Est. Return
+17.23%
3 Year Est. Return
+52.24%
5 Year Est. Return
+63.23%
10 Year Est. Return
–
AUM
$490M
AUM Growth
-$34.3M
(-6.5%)
Cap. Flow
-$41M
Cap. Flow
% of AUM
-8.38%
Top 10 Holdings %
Top 10 Hldgs %
59.25%
Holding
67
New
1
Increased
5
Reduced
59
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American States Water
AWR
|
+$701K |
| 2 |
Xylem
XYL
|
+$405K |
| 3 |
Hess Midstream
HESM
|
+$169K |
| 4 |
IDEX
IEX
|
+$135K |
| 5 |
Cheniere Energy
CQP
|
+$36.4K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Williams Companies
WMB
|
+$4.15M |
| 2 |
TC Energy
TRP
|
+$4.03M |
| 3 |
DCP
DCP Midstream, LP
DCP
|
+$4.01M |
| 4 |
Kinder Morgan
KMI
|
+$2.67M |
| 5 |
Enbridge
ENB
|
+$2.51M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 77.84% |
| 2 | Utilities | 17.34% |
| 3 | Industrials | 3.84% |
| 4 | Materials | 0.79% |
| 5 | Technology | 0.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Williams Companies
WMB
$90.7B
| $38.1M | 7.77% |
1,167,276
-138,225
| -11% | -$4.15M |
|
2
Cheniere Energy
LNG
$58B
| $36.6M | 7.47% |
240,208
-2,374
| -1% | -$351K |
|
|
3
Enbridge
ENB
$109B
| $35.9M | 7.33% |
967,083
-65,776
| -6% | -$2.51M |
|
|
4
Kinder Morgan
KMI
$70.2B
| $35.9M | 7.33% |
2,086,228
-157,219
| -7% | -$2.67M |
|
|
5
TC Energy
TRP
$64.6B
| $35.6M | 7.26% |
880,011
-98,738
| -10% | -$4.03M |
|
6
Oneok
OKE
$59.7B
| $29.2M | 5.96% |
473,297
-32,459
| -6% | -$2.01M |
|
7
Targa Resources
TRGP
$62B
| $20.4M | 4.17% |
268,590
-7,306
| -3% | -$530K |
|
8
Enterprise Products Partners
EPD
$84.3B
| $19.6M | 4.01% |
745,537
-65,078
| -8% | -$1.7M |
|
9
NiSource
NI
$19.6B
| $19.5M | 3.98% |
713,430
-48,159
| -6% | -$1.34M |
|
10
Atmos Energy
ATO
$28.3B
| $19.4M | 3.96% |
166,877
-20,793
| -11% | -$2.41M |
|
11
Energy Transfer Partners
ET
$73.6B
| $19.2M | 3.93% |
1,515,347
-87,402
| -5% | -$1.11M |
|
12
Pembina Pipeline
PBA
$28.1B
| $18.9M | 3.85% |
600,126
-26,325
| -4% | -$841K |
|
|
MMP
13
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $11.9M | 2.42% |
190,234
-24,369
| -11% | -$1.42M |
|
14
MPLX
MPLX
$60.3B
| $11.5M | 2.35% |
339,266
-38,938
| -10% | -$1.33M |
|
15
National Fuel Gas
NFG
$7.88B
| $9.18M | 1.87% |
178,787
-16,863
| -9% | -$896K |
|
16
New Jersey Resources
NJR
$5.46B
| $8.91M | 1.82% |
188,836
-17,669
| -9% | -$890K |
|
17
ONE Gas
OGS
$5B
| $8.29M | 1.69% |
107,871
-7,524
| -7% | -$601K |
|
18
Southwest Gas
SWX
$6.48B
| $8.14M | 1.66% |
127,812
-11,100
| -8% | -$656K |
|
|
ETRN
19
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $8.06M | 1.65% |
843,617
-78,801
| -9% | -$529K |
|
20
Antero Midstream
AM
$10.7B
| $7.59M | 1.55% |
653,886
-59,995
| -8% | -$638K |
|
21
Spire
SR
$4.88B
| $6.5M | 1.33% |
102,432
-9,564
| -9% | -$642K |
|
22
Plains All American Pipeline
PAA
$18B
| $5.93M | 1.21% |
420,734
-47,281
| -10% | -$624K |
|
|
ENLC
23
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $5M | 1.02% |
471,903
-52,991
| -10% | -$528K |
|
24
Western Midstream Partners
WES
$19.8B
| $4.8M | 0.98% |
181,020
-20,597
| -10% | -$542K |
|
25
DT Midstream
DTM
$13.4B
| $4.52M | 0.92% |
91,203
-10,112
| -10% | -$484K |
|
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Tortoise Index Solutions's Q2 2023 Portfolio in Review
As of Q2 2023, Tortoise Index Solutions held 67 positions worth $490M, down 6.5% from $524M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Tortoise Index Solutions withdrew a net $41M in Q2 2023, closing 2 positions and reducing 59 holdings. Its most notable exit was DCP Midstream, LP, an estimated $4.01M position sold in full.
By sector, the portfolio is most concentrated in Energy at 78% of assets, up from 78% a quarter earlier, followed by Utilities and Industrials.
Against the trend, Tortoise Index Solutions opened a new position in American States Water worth $681K.
- Tortoise Index Solutions's largest Q2 2023 buy was American States Water: 7,829 shares worth $681K.
- Tortoise Index Solutions added most to Xylem in Q2 2023, an estimated $405K increase.
- Tortoise Index Solutions's biggest Q2 2023 reduction was Williams Companies, cutting an estimated $4.15M.
- Tortoise Index Solutions fully exited DCP Midstream, LP in Q2 2023, selling an estimated $4.01M.
- Tortoise Index Solutions's ten largest holdings make up 59% of its $490M portfolio in Q2 2023.
- Tortoise Index Solutions opened 1 new position and closed 2 in Q2 2023.
- Tortoise Index Solutions's portfolio value fell 6.5% quarter-over-quarter to $490M.
Based on Tortoise Index Solutions's 13F filing for Q2 2023, filed 14 Aug 2023.