Equal-WT
WhaleScore 2.0
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TORTOISE CAPITAL ADVISORS, L.L.C.
OVERLAND PARK KS
Investment Advisor
Hedge Fund
Tortoise Capital Advisors is based out of Overland Park. Tortoise Capital Advisors is a hedge fund with 359 clients and discretionary assets under management (AUM) of $6,906,161,911 (Form ADV from 2024-08-02). Their last reported 13F filing for Q3 2024 included $7,760,924,882 in managed 13F securities
and a top 10 holdings concentration of 65.36%. Tortoise Capital Advisors's largest holding is Targa Resources Corp with shares held of 4,712,378. Whalewisdom has at least 94 13F filings, 2 13D filings, 337 13G filings, and 10 Form 4 filings
Business Description
Tortoise Capital Advisors, L.L.C. (Tortoise) is an investment adviser founded in 2002 and indirectly controlled by Lovell Minnick Partners LLC. Tortoise is an indirectly wholly owned subsidiary of TortoiseEcofin Parent Holdco LLC, which in turn holds multiple wholly owned TortoiseEcofin essential asset SEC registered investment advisers. A vehicle formed by Lovell Minnick and owned by certain private funds sponsored by Lovell Minnick and a group of institutional co-investors owns a controlling interest in TortoiseEcofin. Certain employees in the TortoiseEcofin complex, including substantially all of our Managing Directors and a board member of TortoiseEcofin own the remaining common interests in TortoiseEcofin.
Tortoise's day-to-day business is managed by its senior management team. The firm provides investment advisory services to clients, including discretionary and non-discretionary accounts. Tortoise observes the client's investment policies, limitations, and restrictions when selecting the identity and amount of securities to be bought or sold. Various securities and/or tax laws, as well as internal compliance policies, may impose additional restrictions on the investments that may be made.
Investment Strategy
The primary investment strategy is fundamentals based, long-only, with an emphasis on managing risk. The company may employ other strategies for investment company clients involving leveraging and hedging, or writing (selling) covered call options and put options on selected equity securities in the client’s portfolio. These other strategies may include currency hedging transactions and interest rate transactions such as swaps, caps and floors.
The company uses a three-prong approach to portfolio construction consisting of qualitative analysis, quantitative analysis and relative value. Potential investments are ranked based on a proprietary model, which includes an assessment of qualitative, quantitative and valuation metrics as well as various subjective criteria. The portfolio management team meets at least weekly to review portfolio strategy and research impacting portfolio companies.
Known Email Addresses
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Other Contact Information
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2024-09-30
Top Buys (13F)
| Name | % Change |
|---|---|
| TRP TC Energy Corp | 3.77% |
| ENB Enbridge Inc | 0.9% |
| DTM DT Midstream Inc | 0.49% |
| VST Vistra Corp | 0.43% |
| KMI Kinder Morgan Inc | 0.36% |
2024-09-30
Top Sells (13F)
| Name | % Change |
|---|---|
| TRGP Targa Resources Corp | 1.67% |
| PAA Plains All American | 1.49% |
| ETRN Equitrans Midstream | 1.13% |
| ENLC EnLink Midstream LLC | 0.68% |
| WES Western Midstream Pa | 0.59% |
2024-09-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| TRGP Targa Resources Corp | 8.99% |
| MPLX MPLX L.P | 8.27% |
| ET Energy Transfer LP | 7.72% |
| OKE Oneok Inc. | 7.68% |
| LNG Cheniere Energy Inc | 7.41% |
All or part of TORTOISE CAPITAL ADVISORS, L.L.C. 13F disclosures were filed
under a combined 13F through
LEE FINANCIAL COMPANY
for 2024-09-30
for 2024-09-30
2024-09-30
13F Activity
| Market Value | $7.76b, Prior: $7.56b |
| Inflows (Outflows) as % of Total MV | (-3.2182)% |
| New Purchases | 5 stocks |
| Added To | 20 stocks |
| Sold out of | 2 stocks |
| Reduced holdings in | 40 stocks |
| Top 10 Holdings % | 65.36% |
| Turnover %[1] | 8.14% |
| Turnover Alt %[2] | 6.55% |
| Time Held Top 20 | 25.5 quarters |
| Time Held Top 10 | 20.3 quarters |
| Time Held All | 24.85 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-09-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-09-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30