# Tortoise Index Solutions, LLC

> Institutional holdings reported to the SEC as of Q1 2024 on Form 13F. CIK 1650373. Source: https://holderbook.com/funds/1650373-tortoise-index-solutions-llc/

- Reported value: $496.8M
- Positions: 64
- Weight of the ten largest: 58.7%
- Filed: 2024-05-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $37.5M | 962,727 | 7.6% | 22 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $36.3M | 453,260 | 7.3% | 22 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $36.3M | 1,003,379 | 7.3% | 22 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $35.3M | 878,332 | 7.1% | 20 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $34.9M | 216,193 | 7.0% | 22 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $32.9M | 1,794,668 | 6.6% | 22 |
| TARGA RES CORP | [TRGP](https://holderbook.com/stocks/TRGP/) | $20.1M | 179,849 | 4.1% | 22 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $19.5M | 669,875 | 3.9% | 22 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $19.5M | 1,238,052 | 3.9% | 22 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $19.4M | 162,817 | 3.9% | 22 |
| NISOURCE INC | [NI](https://holderbook.com/stocks/NI/) | $19.1M | 691,842 | 3.9% | 22 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $18.8M | 533,672 | 3.8% | 22 |
| MPLX LP | [MPLX](https://holderbook.com/stocks/MPLX/) | $15.1M | 363,384 | 3.0% | 22 |
| EQUITRANS MIDSTREAM CORP | [ETRN](https://holderbook.com/stocks/ETRN/) | $9.1M | 725,054 | 1.8% | 22 |
| PLAINS ALL AMERN PIPELINE L | [PAA](https://holderbook.com/stocks/PAA/) | $8.3M | 472,495 | 1.7% | 22 |
| NATIONAL FUEL GAS CO | [NFG](https://holderbook.com/stocks/NFG/) | $8.3M | 154,174 | 1.7% | 22 |
| ANTERO MIDSTREAM CORP | [AM](https://holderbook.com/stocks/AM/) | $8.0M | 569,981 | 1.6% | 21 |
| SOUTHWEST GAS HLDGS INC | [SWX](https://holderbook.com/stocks/SWX/) | $7.7M | 100,539 | 1.5% | 22 |
| NEW JERSEY RES CORP | [NJR](https://holderbook.com/stocks/NJR/) | $7.1M | 164,510 | 1.4% | 22 |
| WESTERN MIDSTREAM PARTNERS L | [WES](https://holderbook.com/stocks/WES/) | $7.0M | 196,775 | 1.4% | 21 |
| DT MIDSTREAM INC | [DTM](https://holderbook.com/stocks/DTM/) | $6.1M | 100,557 | 1.2% | 11 |
| ONE GAS INC | [OGS](https://holderbook.com/stocks/OGS/) | $6.0M | 92,801 | 1.2% | 22 |
| SPIRE INC | [SR](https://holderbook.com/stocks/SR/) | $5.6M | 92,013 | 1.1% | 22 |
| ENLINK MIDSTREAM LLC | [ENLC](https://holderbook.com/stocks/ENLC/) | $5.4M | 397,556 | 1.1% | 22 |
| ARCHROCK INC | [AROC](https://holderbook.com/stocks/AROC/) | $4.5M | 229,821 | 0.9% | 11 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $4.0M | 17,446 | 0.8% | 13 |
| CHESAPEAKE UTILS CORP | [CPK](https://holderbook.com/stocks/CPK/) | $4.0M | 37,210 | 0.8% | 22 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $4.0M | 30,866 | 0.8% | 22 |
| PLAINS GP HLDGS L P | [PAGP](https://holderbook.com/stocks/PAGP/) | $3.7M | 203,680 | 0.7% | 22 |
| SUNOCO LP/SUNOCO FIN CORP | [SUN](https://holderbook.com/stocks/SUN/) | $3.5M | 57,535 | 0.7% | 22 |
| NEW FORTRESS ENERGY INC | [NFE](https://holderbook.com/stocks/NFE/) | $3.4M | 109,797 | 0.7% | 21 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $3.3M | 27,300 | 0.7% | 11 |
| HESS MIDSTREAM LP | [HESM](https://holderbook.com/stocks/HESM/) | $3.0M | 82,821 | 0.6% | 15 |
| NUSTAR ENERGY LP | [NS](https://holderbook.com/stocks/NS/) | $2.7M | 117,496 | 0.6% | 22 |
| VERALTO CORP | [VLTO](https://holderbook.com/stocks/VLTO/) | $2.7M | 30,748 | 0.5% | 1 |
| KINETIK HOLDINGS INC | [KNTK](https://holderbook.com/stocks/KNTK/) | $2.3M | 58,286 | 0.5% | 11 |
| NORTHWEST NAT HLDG CO | [NWN](https://holderbook.com/stocks/NWN/) | $2.3M | 61,547 | 0.5% | 22 |
| PENTAIR PLC | [PNR](https://holderbook.com/stocks/PNR/) | $2.2M | 26,272 | 0.5% | 6 |
| ADVANCED DRAIN SYS INC DEL | [WMS](https://holderbook.com/stocks/WMS/) | $2.2M | 12,731 | 0.4% | 7 |
| SMITH A O CORP | [AOS](https://holderbook.com/stocks/AOS/) | $2.2M | 24,078 | 0.4% | 11 |
| IDEX CORP | [IEX](https://holderbook.com/stocks/IEX/) | $2.1M | 8,773 | 0.4% | 13 |
| CHENIERE ENERGY PARTNERS LP | [CQP](https://holderbook.com/stocks/CQP/) | $1.9M | 39,230 | 0.4% | 22 |
| TETRA TECH INC NEW | [TTEK](https://holderbook.com/stocks/TTEK/) | $1.9M | 10,481 | 0.4% | 15 |
| CORE & MAIN INC | [CNM](https://holderbook.com/stocks/CNM/) | $1.9M | 33,438 | 0.4% | 8 |
| STANTEC INC | [STN](https://holderbook.com/stocks/STN/) | $1.9M | 22,360 | 0.4% | 5 |
| ESSENTIAL UTILS INC | [WTRG](https://holderbook.com/stocks/WTRG/) | $1.8M | 49,288 | 0.4% | 17 |
| USA COMPRESSION PARTNERS LP | [USAC](https://holderbook.com/stocks/USAC/) | $1.6M | 61,160 | 0.3% | 22 |
| GENESIS ENERGY L P | [GEL](https://holderbook.com/stocks/GEL/) | $1.3M | 115,526 | 0.3% | 22 |
| GLOBAL PARTNERS LP | [GLP](https://holderbook.com/stocks/GLP/) | $1.3M | 28,555 | 0.3% | 22 |
| WATTS WATER TECHNOLOGIES INC | [WTS](https://holderbook.com/stocks/WTS/) | $1.1M | 5,365 | 0.2% | 22 |
| BADGER METER INC | [BMI](https://holderbook.com/stocks/BMI/) | $930.9K | 5,753 | 0.2% | 22 |
| ZURN ELKAY WATER SOLNS CORP | [ZWS](https://holderbook.com/stocks/ZWS/) | $925.3K | 27,647 | 0.2% | 10 |
| FRANKLIN ELEC INC | [FELE](https://holderbook.com/stocks/FELE/) | $830.6K | 7,776 | 0.2% | 22 |
| CALIFORNIA WTR SVC GROUP | [CWT](https://holderbook.com/stocks/CWT/) | $525.8K | 11,313 | 0.1% | 5 |
| MUELLER WTR PRODS INC | [MWA](https://holderbook.com/stocks/MWA/) | $492.6K | 30,615 | 0.1% | 3 |
| KODIAK GAS SVCS INC | [KGS](https://holderbook.com/stocks/KGS/) | $460.8K | 16,855 | 0.1% | 3 |
| CROSSAMERICA PARTNERS LP | [CAPL](https://holderbook.com/stocks/CAPL/) | $430.7K | 18,900 | 0.1% | 15 |
| DELEK LOGISTICS PARTNERS LP | [DKL](https://holderbook.com/stocks/DKL/) | $370.6K | 9,042 | 0.1% | 15 |
| H2O AMERICA | [HTO](https://holderbook.com/stocks/HTO/) | $322.3K | 5,696 | 0.1% | 6 |
| EXCELERATE ENERGY INC | [EE](https://holderbook.com/stocks/EE/) | $296.7K | 18,518 | 0.1% | 7 |
| LINDSAY CORP | [LNN](https://holderbook.com/stocks/LNN/) | $254.4K | 2,162 | 0.1% | 15 |
| ONTERRIS INC | [ONT](https://holderbook.com/stocks/ONT/) | $213.2K | 5,444 | 0.0% | 1 |
| ENERGY RECOVERY INC | [ERII](https://holderbook.com/stocks/ERII/) | $174.9K | 11,079 | 0.0% | 8 |
| SELECT WATER SOLUTIONS INC | [WTTR](https://holderbook.com/stocks/WTTR/) | $146.7K | 15,889 | 0.0% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2024 | +7.7% | +10.0% | -2.3% | 100% |
| Q4 2023 | +6.4% | +11.2% | -4.8% | 99% |
| Q3 2023 | -1.0% | -3.6% | +2.5% | 100% |
| Q2 2023 | +1.4% | +8.3% | -6.8% | 99% |
| Q1 2023 | -1.3% | +7.0% | -8.3% | 114% |
| Q4 2022 | +7.4% | +7.1% | +0.4% | 100% |
| Q3 2022 | -4.5% | -5.3% | +0.9% | 100% |
| Q2 2022 | -8.9% | -16.5% | +7.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2024 | $496.8M | 64 |
| Q4 2023 | $538.1M | 63 |
| Q3 2023 | $481.3M | 65 |
| Q2 2023 | $490.0M | 65 |
| Q1 2023 | $524.3M | 66 |
| Q4 2022 | $572.5M | 65 |
| Q3 2022 | $515.3M | 79 |
| Q2 2022 | $530.7M | 110 |
| Q1 2022 | $554.5M | 108 |
| Q4 2021 | $454.0M | 111 |
| Q3 2021 | $420.9M | 109 |
| Q2 2021 | $478.0M | 101 |