Tortoise Index Solutions 13F annual report
Tortoise Index Solutions is an investment fund managing more than $497 billion ran by Diane Bono. There are currently 64 companies in Mrs. Bono’s portfolio. The largest investments include Williams Cos Inc and Oneok, together worth $73.9 billion.
$497 billion Assets Under Management (AUM)
As of 3rd May 2024, Tortoise Index Solutions’s top holding is 962,727 shares of Williams Cos Inc currently worth over $37.5 billion and making up 7.6% of the portfolio value.
Relative to the number of outstanding shares of Williams Cos Inc, Tortoise Index Solutions owns more than approximately 0.1% of the company.
In addition, the fund holds 453,260 shares of Oneok worth $36.3 billion, whose value grew 24.3% in the past six months.
The third-largest holding is Enbridge Inc worth $36.3 billion and the next is TC worth $35.3 billion, with 878,332 shares owned.
Currently, Tortoise Index Solutions's portfolio is worth at least $497 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Tortoise Index Solutions
The Tortoise Index Solutions office and employees reside in Overland Park, Kansas. According to the last 13-F report filed with the SEC, Diane Bono serves as the Managing Director and Chief Compliance Officer at Tortoise Index Solutions.
Recent trades
In the most recent 13F filing, Tortoise Index Solutions revealed that it had opened a new position in
Veralto Corp and bought 30,748 shares worth $2.73 billion.
The investment fund also strengthened its position in Cheniere by buying
2,866 additional shares.
This makes their stake in Cheniere total 216,193 shares worth $34.9 billion.
Cheniere soared 6.4% in the past year.
On the other hand, there are companies that Tortoise Index Solutions is getting rid of from its portfolio.
Tortoise Index Solutions closed its position in American States Water Co on 10th May 2024.
It sold the previously owned 7,332 shares for $590 million.
Diane Bono also disclosed a decreased stake in Williams Cos Inc by 0.1%.
This leaves the value of the investment at $37.5 billion and 962,727 shares.
One of the average hedge funds
The two most similar investment funds to Tortoise Index Solutions are Farmers Trust Co and Wbi Investments, Inc. They manage $497 billion and $497 billion respectively.
Diane Bono investment strategy
Tortoise Index Solutions’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Energy — making up 63.7% of
the total portfolio value.
The fund focuses on investments in the United States as
70.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
28% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $12.4 billion.
The complete list of Tortoise Index Solutions trades based on 13F SEC filings
These positions were updated on May 10th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Williams Cos Inc |
12.88%
962,727
|
$37,517,471,000 | 7.55% |
| Oneok Inc. |
21.64%
453,260
|
$36,337,854,000 | 7.31% |
| Enbridge Inc |
11.66%
1,003,379
|
$36,302,252,000 | 7.31% |
| TC Energy Corporation |
15.93%
878,332
|
$35,308,946,000 | 7.11% |
| Cheniere Energy Inc. |
1.34%
216,193
|
$34,867,607,000 | 7.02% |
| Kinder Morgan Inc |
14.14%
1,794,668
|
$32,914,211,000 | 6.63% |
| Targa Resources Corp |
27.09%
179,849
|
$20,141,290,000 | 4.05% |
| Enterprise Products Partners L |
15.80%
669,875
|
$19,546,953,000 | 3.93% |
| Energy Transfer Lp |
20.99%
1,238,052
|
$19,474,558,000 | 3.92% |
| Atmos Energy Corp. |
11.57%
162,817
|
$19,354,057,000 | 3.90% |
| NiSource Inc |
15.15%
691,842
|
$19,136,350,000 | 3.85% |
| Pembina Pipeline Corporation |
15.91%
533,672
|
$18,841,278,000 | 3.79% |
| MPLX LP |
21.56%
363,384
|
$15,102,239,000 | 3.04% |
| Equitrans Midstream Corporatio |
15.18%
725,054
|
$9,055,924,000 | 1.82% |
| Plains All American Pipeline, |
21.56%
472,495
|
$8,297,012,000 | 1.67% |
| National Fuel Gas Co. |
14.90%
154,174
|
$8,282,227,000 | 1.67% |
| Antero Midstream Corp |
15.18%
569,981
|
$8,013,933,000 | 1.61% |
| Southwest Gas Holdings Inc |
15.18%
100,539
|
$7,654,034,000 | 1.54% |
| New Jersey Resources Corporati |
14.54%
164,510
|
$7,059,124,000 | 1.42% |
| Western Midstream Partners LP |
21.56%
196,775
|
$6,995,351,000 | 1.41% |
| Dt Midstream Inc |
21.51%
100,557
|
$6,144,033,000 | 1.24% |
| ONE Gas Inc |
15.18%
92,801
|
$5,988,449,000 | 1.21% |
| Spire Inc. |
11.35%
92,013
|
$5,646,838,000 | 1.14% |
| Enlink Midstream LLC |
15.18%
397,556
|
$5,422,664,000 | 1.09% |
| Archrock Inc |
15.18%
229,821
|
$4,520,579,000 | 0.91% |
| Ecolab, Inc. |
7.26%
17,446
|
$4,028,281,000 | 0.81% |
| Chesapeake Utilities Corporati |
12.92%
37,210
|
$3,992,633,000 | 0.80% |
| Xylem Inc |
8.52%
30,866
|
$3,989,122,000 | 0.80% |
| Plains Gp Holdings, L.p. |
21.56%
203,680
|
$3,717,160,000 | 0.75% |
| Sunoco LP |
21.56%
57,535
|
$3,468,785,000 | 0.70% |
| New Fortress Energy LLC |
15.18%
109,797
|
$3,358,690,000 | 0.68% |
| American Wtr Wks Co Inc New Co |
1.20%
27,300
|
$3,336,333,000 | 0.67% |
| Hess Midstream LP |
8.35%
82,821
|
$2,992,323,000 | 0.60% |
| Nustar Energy L P |
21.56%
117,496
|
$2,734,132,000 | 0.55% |
| Veralto Corp |
Opened
30,748
|
$2,726,118,000 | 0.55% |
| Kinetik Holdings Inc |
32.15%
58,286
|
$2,323,863,000 | 0.47% |
| Northwest Natural Holding Co |
15.18%
61,547
|
$2,290,779,000 | 0.46% |
| Pentair Inc |
8.57%
26,272
|
$2,244,680,000 | 0.45% |
| Advanced Drainage Systems Inc |
6.33%
12,731
|
$2,192,787,000 | 0.44% |
| A.O. Smith Corp. |
1.12%
24,078
|
$2,154,018,000 | 0.43% |
| Idex Corporation |
5.99%
8,773
|
$2,140,787,000 | 0.43% |
| Cheniere Energy Partners LP |
17.36%
39,230
|
$1,937,570,000 | 0.39% |
| Tetra Tech, Inc. |
0.71%
10,481
|
$1,935,946,000 | 0.39% |
| Core & Main, Inc. |
35.87%
33,438
|
$1,914,326,000 | 0.39% |
| Stantec Inc |
1.65%
22,360
|
$1,856,894,000 | 0.37% |
| Essential Utilities Inc |
1.07%
49,288
|
$1,826,120,000 | 0.37% |
| USA Compression Partners LP |
21.56%
61,160
|
$1,631,137,000 | 0.33% |
| Genesis Energy L.P. |
21.56%
115,526
|
$1,284,649,000 | 0.26% |
| Global Partners LP |
21.56%
28,555
|
$1,267,271,000 | 0.26% |
| Watts Water Technologies, Inc. |
1.12%
5,365
|
$1,140,331,000 | 0.23% |
| Badger Meter Inc. |
1.12%
5,753
|
$930,893,000 | 0.19% |
| Zurn Elkay Water Solutions Cor |
1.59%
27,647
|
$925,345,000 | 0.19% |
| Franklin Electric Co., Inc. |
1.13%
7,776
|
$830,555,000 | 0.17% |
| American States Water Co. |
Closed
7,332
|
$589,639,000 | |
| California Water Service Group |
1.12%
11,313
|
$525,828,000 | 0.11% |
| Mueller Water Products Inc |
1.32%
30,615
|
$492,595,000 | 0.10% |
| Kodiak Gas Services Inc |
21.56%
16,855
|
$460,816,000 | 0.09% |
| CrossAmerica Partners LP |
21.56%
18,900
|
$430,731,000 | 0.09% |
| Delek Logistics Partners LP |
21.56%
9,042
|
$370,632,000 | 0.07% |
| Sjw Corp |
1.13%
5,696
|
$322,337,000 | 0.06% |
| Excelerate Energy Inc |
21.56%
18,518
|
$296,658,000 | 0.06% |
| Lindsay Corporation |
0.96%
2,162
|
$254,381,000 | 0.05% |
| Montrose Environmental Group, Inc. |
Opened
5,444
|
$213,241,000 | 0.04% |
| Energy Recovery Inc |
0.93%
11,079
|
$174,937,000 | 0.04% |
| Select Water Solutions Inc |
1.12%
15,889
|
$146,655,000 | 0.03% |
| No transactions found | |||
| Showing first 500 out of 65 holdings | |||
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