Tortoise Investment Management, LLC — 13F Holdings & Portfolio
CIK 1599511 · latest 13F-HR filed 2026-08-07
Tortoise Investment Management, LLC manages $1.34B in 13F-reported U.S. long-equity assets across 255 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are IVV (7.98%), STIP (6.86%), AVUS (3.97%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 20 new positions and exited 13; 162 existing positions rose in reported value and 28 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-07
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 34.3%Cumulative share of the portfolio held in the largest N positions.
SUITE 400
OVERLAND PARK, KS 66211-1861
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| FLORENCE, THOMAS, IBBERSON Control | CHIEF EXECUTIVE OFFICER | Less than 5% | Individual |
| KRUSKE, JEFFREY, SCOTT Control | CHIEF COMPLIANCE OFFICER, CHIEF LEGAL OFFICER, CHIEF OPERATING OFFICER | Less than 5% | Individual |
| TORTOISE BORROWER LLC Control | MANAGING MEMBER | 75% or more | Domestic Entity |
| PAONESSA, JOSEPH, PAUL | CHIEF FINANCIAL OFFICER | Less than 5% | Individual |
| FLORENCE, THOMAS, IBBERSON Control Indirect owner via TORTOISE BORROWER LLC | CHIEF EXECUTIVE OFFICER | General partner, trustee or manager | Individual |
| FUND IV UGP LLC Control Indirect owner via LOVELL MINNICK EQUITY ADVISORS IV LP | GENERAL PARTNER | General partner, trustee or manager | Domestic Entity |
| HCF4 HOLDINGS LLC Control Indirect owner via LM TORTOISE HOLDINGS CO-INVESTMENT LLC | MEMBER | 25–50% | Domestic Entity |
| KRUSKE, JEFFREY, SCOTT Control Indirect owner via TORTOISE BORROWER LLC | CHIEF LEGAL OFFICER, CHIEF OPERATING OFFICER | General partner, trustee or manager | Individual |
| LM TORTOISE HOLDINGS CO-INVESTMENT LLC Control Indirect owner via LM TORTOISE HOLDINGS LLC | MEMBER | 25–50% | Domestic Entity |
| LM TORTOISE HOLDINGS LLC Control Indirect owner via TORTOISE PARENT HOLDCO LLC | MEMBER | 50–75% | Domestic Entity |
| LM TORTOISE INVESTMENT HOLDINGS IV CO-INVESTMENT LLC Control Indirect owner via LM TORTOISE HOLDINGS LLC | MEMBER | 50–75% | Domestic Entity |
| LM TORTOISE INVESTMENT HOLDINGS IV LLC Control Indirect owner via LM TORTOISE INVESTMENT HOLDINGS IV CO-INVESTMENT LLC | MANAGING MEMBER | 50–75% | Domestic Entity |
| LM TORTOISE INVESTMENT HOLDINGS IV-A INC. Control Indirect owner via LM TORTOISE INVESTMENT HOLDINGS IV LLC | MEMBER | 25–50% | Domestic Entity |
| LOVELL MINNICK EQUITY ADVISORS IV LP Control Indirect owner via LOVELL MINNICK EQUITY PARTNERS IV LP | GENERAL PARTNER | General partner, trustee or manager | Domestic Entity |
| LOVELL MINNICK EQUITY ADVISORS IV LP Control Indirect owner via LOVELL MINNICK EQUITY PARTNERS IV-A LP | GENERAL PARTNER | General partner, trustee or manager | Domestic Entity |
| LOVELL MINNICK EQUITY PARTNERS IV LP Control Indirect owner via LM TORTOISE INVESTMENT HOLDINGS IV LLC | MEMBER | 50–75% | Domestic Entity |
| LOVELL MINNICK EQUITY PARTNERS IV-A LP Control Indirect owner via LM TORTOISE INVESTMENT HOLDINGS IV-A INC. | OWNER | 75% or more | Domestic Entity |
| LOVELL MINNICK PARTNERS LLC Control Indirect owner via FUND IV UGP LLC | MANAGING MEMBER | 75% or more | Domestic Entity |
| TORTOISE PARENT HOLDCO LLC Control Indirect owner via TORTOISE BORROWER LLC | SOLE MEMBER | 75% or more | Domestic Entity |
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- ISHARES TR$12.1M +12.8%
- AMERICAN CENTY ETF TR$9.6M +22.1%
- ISHARES TR$5.1M +5.9%
- J P MORGAN EXCHANGE TRADED F$4.4M +13.9%
- J P MORGAN EXCHANGE TRADED F$4.1M +13.9%
Top Trims
- ISHARES TR-$2.6M -8.9%
- ISHARES TR-$1.2M -31.0%
- VANGUARD SCOTTSDALE FDS-$903.8K -25.7%
- DOUBLELINE ETF TRUST-$623.7K -39.7%
- SCHWAB STRATEGIC TR-$561.4K -30.4%
New Positions
- AB ACTIVE ETFS INC$5.1M
- J P MORGAN EXCHANGE TRADED F$761.7K
- NEBIUS GROUP N.V.$528.8K
- JANUS DETROIT STR TR$523.0K
- ADVANCED MICRO DEVICES INC$473.4K
Exited Positions
- VANGUARD SCOTTSDALE FDS$398.7K
- AT&T INC$284.3K
- J P MORGAN EXCHANGE TRADED F$269.4K
- HONEYWELL INTL INC$250.4K
- SELECT SECTOR SPDR TR$214.6K
Tortoise Investment Management, LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ISHARES TR | IVV | 464287200 | $107.0M | 7.98% | 142,937 | SH |
| 2 | ISHARES TR | STIP | 46429B747 | $92.0M | 6.86% | 900,987 | SH |
| 3 | AMERICAN CENTY ETF TR | AVUS | 025072885 | $53.2M | 3.97% | 415,640 | SH |
| 4 | J P MORGAN EXCHANGE TRADED F | JMTG | 46654Q575 | $35.7M | 2.66% | 705,007 | SH |
| 5 | J P MORGAN EXCHANGE TRADED F | JMUB | 46641Q647 | $33.6M | 2.51% | 664,214 | SH |
| 6 | BLACKROCK MUN TARGET TERM TR | BTT | 09257P105 | $32.3M | 2.41% | 1,420,474 | SH |
| 7 | VANGUARD SCOTTSDALE FDS | VGLT | 92206C847 | $27.4M | 2.04% | 495,847 | SH |
| 8 | ISHARES TR | SGOV | 46436E718 | $26.5M | 1.97% | 262,915 | SH |
| 9 | SCHWAB STRATEGIC TR | SCHP | 808524870 | $25.9M | 1.93% | 978,659 | SH |
| 10 | SIMPLIFY EXCHANGE TRADED FUN | MTBA | 82889N525 | $25.9M | 1.93% | 527,409 | SH |
| 11 | ISHARES INC | IEMG | 46434G103 | $24.5M | 1.82% | 295,482 | SH |
| 12 | SCHWAB STRATEGIC TR | SCHX | 808524201 | $21.7M | 1.62% | 737,656 | SH |
| 13 | DIMENSIONAL ETF TRUST | DFAU | 25434V104 | $20.9M | 1.56% | 404,352 | SH |
| 14 | VANGUARD INDEX FDS | VTV | 922908744 | $19.7M | 1.47% | 90,620 | SH |
| 15 | ISHARES TR | ITOT | 464287150 | $19.1M | 1.42% | 116,376 | SH |
| 16 | ISHARES TR | IWB | 464287622 | $19.0M | 1.42% | 46,519 | SH |
| 17 | VANGUARD SCOTTSDALE FDS | VGIT | 92206C706 | $18.8M | 1.40% | 319,219 | SH |
| 18 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $18.0M | 1.34% | 24,069 | SH |
| 19 | EA SERIES TRUST | BOXX | 02072L565 | $17.8M | 1.33% | 152,407 | SH |
| 20 | SCHWAB STRATEGIC TR | SCHC | 808524888 | $17.6M | 1.31% | 365,315 | SH |
| 21 | SPDR INDEX SHS FDS | SPEM | 78463X509 | $17.4M | 1.30% | 336,148 | SH |
| 22 | SPDR SERIES TRUST | SPYM | 78464A854 | $16.7M | 1.25% | 190,204 | SH |
| 23 | VANGUARD INSTL INDEX FD | VBIL | 922040845 | $15.6M | 1.16% | 205,882 | SH |
| 24 | APPLE INC | AAPL | 037833100 | $14.9M | 1.11% | 51,606 | SH |
| 25 | ISHARES TR | IEFA | 46432F842 | $14.7M | 1.10% | 152,455 | SH |
| 26 | VANGUARD INDEX FDS | VTI | 922908769 | $14.3M | 1.07% | 38,756 | SH |
| 27 | SPDR INDEX SHS FDS | SPDW | 78463X889 | $14.3M | 1.07% | 284,576 | SH |
| 28 | ISHARES TR | IJR | 464287804 | $14.3M | 1.06% | 96,204 | SH |
| 29 | DIMENSIONAL ETF TRUST | DFAE | 25434V302 | $14.2M | 1.06% | 354,317 | SH |
| 30 | DOUBLELINE ETF TRUST | DCRE | 25861R303 | $14.2M | 1.06% | 273,990 | SH |
| 31 | SPDR SERIES TRUST | SPSM | 78468R853 | $13.6M | 1.01% | 235,466 | SH |
| 32 | ANGEL OAK FUNDS TRUST | CARY | 03463K760 | $13.5M | 1.01% | 651,023 | SH |
| 33 | SCHWAB STRATEGIC TR | SCHH | 808524847 | $13.5M | 1.01% | 570,742 | SH |
| 34 | DIMENSIONAL ETF TRUST | DFAC | 25434V708 | $13.3M | 0.99% | 300,547 | SH |
| 35 | AMERICAN CENTY ETF TR | AVEE | 025072141 | $12.8M | 0.95% | 184,695 | SH |
| 36 | DIMENSIONAL ETF TRUST | DFAI | 25434V203 | $12.8M | 0.95% | 310,076 | SH |
| 37 | INVESCO EXCH TRADED FD TR II | BAB | 46138G805 | $12.5M | 0.93% | 464,700 | SH |
| 38 | VANGUARD INDEX FDS | VV | 922908637 | $11.9M | 0.88% | 34,519 | SH |
| 39 | VANGUARD TAX-MANAGED FDS | VEA | 921943858 | $11.8M | 0.88% | 165,461 | SH |
| 40 | AMERICAN CENTY ETF TR | AVEM | 025072604 | $11.7M | 0.87% | 121,127 | SH |
| 41 | DIMENSIONAL ETF TRUST | DFSV | 25434V815 | $11.3M | 0.85% | 292,404 | SH |
| 42 | VANECK ETF TRUST | MLN | 92189F536 | $11.3M | 0.84% | 634,387 | SH |
| 43 | ISHARES TR | IUSV | 464287663 | $11.0M | 0.82% | 100,080 | SH |
| 44 | VANGUARD INTL EQUITY INDEX F | VWO | 922042858 | $10.8M | 0.81% | 181,484 | SH |
| 45 | DIMENSIONAL ETF TRUST | DFIV | 25434V807 | $9.8M | 0.73% | 181,496 | SH |
| 46 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $9.1M | 0.68% | 18,159 | SH |
| 47 | SCHWAB STRATEGIC TR | SCHA | 808524607 | $9.0M | 0.67% | 249,627 | SH |
| 48 | AMERICAN CENTY ETF TR | AVUV | 025072877 | $8.9M | 0.66% | 71,494 | SH |
| 49 | DIMENSIONAL ETF TRUST | DFUS | 25434V401 | $8.6M | 0.64% | 105,284 | SH |
| 50 | DIMENSIONAL ETF TRUST | DFEV | 25434V740 | $8.5M | 0.64% | 199,815 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-07 | $1.34B | 255 | 0001599511-26-000003 |
| 2026-03-31 | 2026-05-05 | $1.21B | 252 | 0001599511-26-000002 |
| 2025-12-31 | 2026-02-06 | $1.14B | 240 | 0001599511-26-000001 |
SUITE 215
WHITE PLAINS, NY 10604