Tortoise Investment Management, LLC

13F filer · CIK 0001599511

Reported Aug 7, 2026

Net buyer this quarter

13F portfolio value$1.34BU.S. long equity reported on 13F

Positions9015 new · 9 closed

Net flow last quarter+$11.1MBuys minus sells

Top 10 positions weight8.8%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Aug 7, 202690 positions
BTTBlackRock Municipal 2030 Target Term Trust	$32.3M	2.41%	Not reported	+1.4%	Q3 2015
SPYSPDR S&P 500 ETF Trust	$18M	1.34%	Not reported	-1.3%	Q4 2012
AAPLApple Inc.	$14.9M	1.11%	0.00%	+1.5%	Q4 2012
BABGuggenheim Taxable Municipal Bond & Investment Grade Debt Trust	$12.5M	0.93%	Not reported	+8.5%	Q2 2018
BRK.BBerkshire Hathaway Inc	$9.09M	0.68%	Not reported	+2.7%	Q4 2012
AVIVAviv REIT, Inc.	$7.38M	0.55%	0.20%	+4.4%	Q4 2022
NUWNuveen AMT-Free Municipal Value Fund	$7.35M	0.55%	Not reported	-2.7%	Q1 2021
PGRProgressive Corp	$6.49M	0.48%	0.01%	+0.1%	Q4 2020
NIMNuveen Select Maturities Municipal Fund	$5.37M	0.40%	Not reported	-0.2%	Q2 2022
NYMNymagic Inc	$5.05M	0.38%	Not reported	New	Q2 2026
DIASPDR Dow Jones Industrial Average ETF Trust	$4.88M	0.36%	Not reported	-0.3%	Q4 2012
NNYNuveen New York Municipal Value Fund	$4.7M	0.35%	Not reported	-2.1%	Q4 2014
WULFTerawulf Inc.	$3.78M	0.28%	0.03%	0.0%	Q1 2025
MSFTMicrosoft Corp	$3.56M	0.27%	0.00%	+0.5%	Q4 2012
JPMJPMorgan Chase & Co	$2.45M	0.18%	0.00%	+2.0%	Q4 2012
NVDANvidia Corp	$2.39M	0.18%	0.00%	+26.7%	Q1 2017
QQQInvesco QQQ Trust, Series 1	$1.97M	0.15%	Not reported	+3.8%	Q2 2018
LTBRLIGHTBRIDGE Corp	$1.9M	0.14%	0.58%	Not reported	Q4 2012
GOOGLAlphabet Inc.	$1.62M	0.12%	0.00%	+4.5%	Q4 2015
LLYELI LILLY & Co	$1.58M	0.12%	0.00%	+6.7%	Q4 2012
AMZNAmazon Com Inc	$1.49M	0.11%	0.00%	+10.6%	Q4 2012
GOOGAlphabet Inc.	$1.41M	0.10%	Not reported	+12.0%	Q4 2015
COSTCostco Wholesale Corp	$1.35M	0.10%	0.00%	+1.0%	Q4 2012
DFAXGulf Resources, Inc.	$1.3M	0.10%	Not reported	Not reported	Q3 2021
SCZNXG NextGen Infrastructure Income Fund	$1.24M	0.09%	Not reported	-3.0%	Q4 2012
HDHome Depot, Inc.	$1.2M	0.09%	0.00%	+1.1%	Q4 2012
AVGOBroadcom Inc.	$893K	0.07%	0.00%	+21.4%	Q2 2017
DNPDNP Select Income Fund Inc	$760K	0.06%	Not reported	+2.1%	Q4 2012
HEI.AHeico Corp	$753K	0.06%	Not reported	Not reported	Q4 2012
IBMInternational Business Machines Corp	$717K	0.05%	0.00%	-1.7%	Q4 2012
GSGoldman Sachs Group Inc	$716K	0.05%	0.00%	+1.0%	Q4 2014
CSCOCisco Systems, Inc.	$708K	0.05%	0.00%	+3.2%	Q4 2012
UNPUnion Pacific Corp	$671K	0.05%	0.00%	+1.3%	Q4 2012
XOMExxonMobil Holdings Corp	$657K	0.05%	0.00%	+12.5%	Q4 2012
TSLATesla, Inc.	$636K	0.05%	0.00%	+6.7%	Q4 2014
METAMeta Platforms, Inc.	$617K	0.05%	Not reported	+6.0%	Q4 2012
PHParker-Hannifin Corp	$615K	0.05%	0.00%	+6.4%	Q2 2022
BSVNBank7 Corp.	$568K	0.04%	0.08%	+1.8%	Q1 2017
EMREmerson Electric Co	$561K	0.04%	0.00%	+5.3%	Q2 2014
GEGeneral Electric Co	$535K	0.04%	0.00%	+4.5%	Q3 2021
NBISNebius Group N.V.	$529K	0.04%	0.00%	Not reported	Q3 2025
PEPPepsico Inc	$526K	0.04%	0.00%	+0.8%	Q4 2012
CATCaterpillar Inc	$517K	0.04%	0.00%	+4.3%	Q2 2014
JNJJohnson & Johnson	$480K	0.04%	0.00%	-12.8%	Q4 2012
AXPAmerican Express Co	$476K	0.04%	0.00%	+7.2%	Q4 2012
AMDAdvanced Micro Devices Inc	$473K	0.04%	0.00%	Not reported	Q2 2018
RDDTReddit, Inc.	$472K	0.04%	Not reported	+0.6%	Q2 2025
AXSMAxsome Therapeutics, Inc.	$461K	0.03%	0.00%	+0.3%	Q4 2021
GEVGE Vernova Inc.	$459K	0.03%	0.00%	+1.6%	Q2 2024
IAUIshares Gold Trust	$453K	0.03%	0.00%	Not reported	Q2 2016

Q1 2026Reported May 5, 202684 positions
BTTBlackRock Municipal 2030 Target Term Trust	$31.8M	2.63%	Not reported	+2.9%	Q3 2015
SPYSPDR S&P 500 ETF Trust	$15.9M	1.31%	Not reported	+2.7%	Q4 2012
AAPLApple Inc.	$12.9M	1.07%	0.00%	-4.4%	Q4 2012
BABGuggenheim Taxable Municipal Bond & Investment Grade Debt Trust	$11.6M	0.95%	Not reported	+3.0%	Q2 2018
BRK.BBerkshire Hathaway Inc	$8.47M	0.70%	Not reported	-4.5%	Q4 2012
NUWNuveen AMT-Free Municipal Value Fund	$7.52M	0.62%	Not reported	-15.0%	Q1 2021
AVIVAviv REIT, Inc.	$6.83M	0.56%	0.19%	-0.2%	Q4 2022
PGRProgressive Corp	$5.88M	0.49%	0.01%	-1.4%	Q4 2020
NIMNuveen Select Maturities Municipal Fund	$5.4M	0.45%	Not reported	-7.7%	Q2 2022
NNYNuveen New York Municipal Value Fund	$4.59M	0.38%	Not reported	-17.0%	Q4 2014
DIASPDR Dow Jones Industrial Average ETF Trust	$4.34M	0.36%	Not reported	-8.3%	Q4 2012
MSFTMicrosoft Corp	$3.52M	0.29%	0.00%	-0.8%	Q4 2012
LTBRLIGHTBRIDGE Corp	$2.3M	0.19%	0.62%	Not reported	Q4 2012
WULFTerawulf Inc.	$2.21M	0.18%	0.04%	0.0%	Q1 2025
JPMJPMorgan Chase & Co	$2.16M	0.18%	0.00%	-5.9%	Q4 2012
NVDANvidia Corp	$1.65M	0.14%	0.00%	+14.0%	Q1 2017
QQQInvesco QQQ Trust, Series 1	$1.49M	0.12%	Not reported	-9.0%	Q2 2018
COSTCostco Wholesale Corp	$1.42M	0.12%	0.00%	-10.5%	Q4 2012
GOOGLAlphabet Inc.	$1.25M	0.10%	0.00%	+6.2%	Q4 2015
SCZNXG NextGen Infrastructure Income Fund	$1.22M	0.10%	Not reported	-3.4%	Q4 2012
DFAXGulf Resources, Inc.	$1.2M	0.10%	Not reported	-4.3%	Q3 2021
AMZNAmazon Com Inc	$1.18M	0.10%	0.00%	+13.3%	Q4 2012
LLYELI LILLY & Co	$1.13M	0.09%	0.00%	-15.4%	Q4 2012
HDHome Depot, Inc.	$1.11M	0.09%	0.00%	+0.1%	Q4 2012
GOOGAlphabet Inc.	$1.02M	0.08%	Not reported	+30.6%	Q4 2015
XOMExxonMobil Holdings Corp	$725K	0.06%	0.00%	+6.8%	Q4 2012
DNPDNP Select Income Fund Inc	$711K	0.06%	Not reported	+3.6%	Q4 2012
IBMInternational Business Machines Corp	$629K	0.05%	0.00%	+0.2%	Q4 2012
HEI.AHeico Corp	$616K	0.05%	Not reported	+0.1%	Q4 2012
AVGOBroadcom Inc.	$603K	0.05%	0.00%	+15.0%	Q2 2017
PEPPepsico Inc	$598K	0.05%	0.00%	-11.5%	Q4 2012
GSGoldman Sachs Group Inc	$593K	0.05%	0.00%	-49.2%	Q4 2014
UNPUnion Pacific Corp	$591K	0.05%	0.00%	+1.3%	Q4 2012
METAMeta Platforms, Inc.	$591K	0.05%	Not reported	+10.7%	Q4 2012
GLDSPDR Gold Trust	$569K	0.05%	0.00%	Not reported	Q2 2014
BSVNBank7 Corp.	$561K	0.05%	0.08%	+6.2%	Q1 2017
JNJJohnson & Johnson	$530K	0.04%	0.00%	-11.4%	Q4 2012
IAUIshares Gold Trust	$529K	0.04%	0.00%	+7.3%	Q2 2016
PHParker-Hannifin Corp	$529K	0.04%	0.00%	+1.4%	Q2 2022
TSLATesla, Inc.	$526K	0.04%	0.00%	+14.2%	Q4 2014
EMREmerson Electric Co	$487K	0.04%	0.00%	+0.7%	Q2 2014
CSCOCisco Systems, Inc.	$453K	0.04%	0.00%	-29.1%	Q4 2012
CVXChevron Corp	$426K	0.04%	0.00%	-34.5%	Q4 2012
MRKMerck & Co., Inc.	$417K	0.03%	0.00%	-4.8%	Q4 2012
AXPAmerican Express Co	$397K	0.03%	0.00%	+3.1%	Q4 2012
GEGeneral Electric Co	$388K	0.03%	0.00%	-9.2%	Q3 2021
MLIMueller Industries Inc	$385K	0.03%	0.00%	+0.1%	Q4 2014
CLColgate Palmolive Co	$374K	0.03%	0.00%	-20.0%	Q4 2012
PGPROCTER & GAMBLE Co	$372K	0.03%	0.00%	-27.9%	Q4 2012
RTXRTX Corp	$371K	0.03%	0.00%	+3.9%	Q2 2020

Q4 2025Reported Feb 6, 202684 positions
BTTBlackRock Municipal 2030 Target Term Trust	$31.1M	2.73%	Not reported	+11.3%	Q3 2015
SPYSPDR S&P 500 ETF Trust	$16.2M	1.42%	Not reported	-2.5%	Q4 2012
AAPLApple Inc.	$14.5M	1.27%	0.00%	-2.4%	Q4 2012
BABGuggenheim Taxable Municipal Bond & Investment Grade Debt Trust	$11.3M	0.99%	Not reported	+5.7%	Q2 2018
BRK.BBerkshire Hathaway Inc	$9.3M	0.82%	Not reported	-0.1%	Q4 2012
NUWNuveen AMT-Free Municipal Value Fund	$8.84M	0.78%	Not reported	-9.7%	Q1 2021
PGRProgressive Corp	$6.85M	0.60%	0.01%	+0.5%	Q4 2020
AVIVAviv REIT, Inc.	$6.51M	0.57%	0.19%	-1.0%	Q4 2022
NIMNuveen Select Maturities Municipal Fund	$5.76M	0.51%	Not reported	-1.4%	Q2 2022
NNYNuveen New York Municipal Value Fund	$5.67M	0.50%	Not reported	-17.7%	Q4 2014
DIASPDR Dow Jones Industrial Average ETF Trust	$4.91M	0.43%	Not reported	-1.8%	Q4 2012
MSFTMicrosoft Corp	$4.63M	0.41%	0.00%	+34.8%	Q4 2012
LTBRLIGHTBRIDGE Corp	$2.73M	0.24%	0.65%	+32.1%	Q4 2012
JPMJPMorgan Chase & Co	$2.51M	0.22%	0.00%	-3.3%	Q4 2012
WULFTerawulf Inc.	$1.76M	0.15%	0.04%	Not reported	Q1 2025
QQQInvesco QQQ Trust, Series 1	$1.74M	0.15%	Not reported	+6.0%	Q2 2018
LLYELI LILLY & Co	$1.56M	0.14%	0.00%	+0.6%	Q4 2012
NVDANvidia Corp	$1.54M	0.14%	0.00%	-9.7%	Q1 2017
COSTCostco Wholesale Corp	$1.38M	0.12%	0.00%	+4.7%	Q4 2012
GOOGLAlphabet Inc.	$1.28M	0.11%	0.00%	+0.7%	Q4 2015
SCZNXG NextGen Infrastructure Income Fund	$1.25M	0.11%	Not reported	-3.0%	Q4 2012
GSGoldman Sachs Group Inc	$1.21M	0.11%	0.00%	-0.3%	Q4 2014
DFAXGulf Resources, Inc.	$1.21M	0.11%	Not reported	+15.8%	Q3 2021
HDHome Depot, Inc.	$1.16M	0.10%	0.00%	-2.0%	Q4 2012
AMZNAmazon Com Inc	$1.15M	0.10%	0.00%	+8.8%	Q4 2012
NUVNuveen Municipal Value Fund Inc	$1.02M	0.09%	Not reported	-74.2%	Q1 2018
GOOGAlphabet Inc.	$855K	0.08%	Not reported	+0.7%	Q4 2015
IBMInternational Business Machines Corp	$767K	0.07%	0.00%	-2.5%	Q4 2012
HEI.AHeico Corp	$736K	0.06%	Not reported	-3.3%	Q4 2012
DNPDNP Select Income Fund Inc	$666K	0.06%	Not reported	+2.4%	Q4 2012
CSCOCisco Systems, Inc.	$634K	0.06%	0.00%	-7.8%	Q4 2012
PEPPepsico Inc	$625K	0.05%	0.00%	+0.5%	Q4 2012
METAMeta Platforms, Inc.	$616K	0.05%	Not reported	-2.8%	Q4 2012
AVGOBroadcom Inc.	$586K	0.05%	0.00%	+4.1%	Q2 2017
TSLATesla, Inc.	$558K	0.05%	0.00%	+59.2%	Q4 2014
UNPUnion Pacific Corp	$557K	0.05%	0.00%	-0.1%	Q4 2012
BSVNBank7 Corp.	$531K	0.05%	0.07%	-5.8%	Q1 2017
PHParker-Hannifin Corp	$512K	0.04%	0.00%	+0.3%	Q2 2022
PGPROCTER & GAMBLE Co	$512K	0.04%	0.00%	-1.2%	Q4 2012
JNJJohnson & Johnson	$506K	0.04%	0.00%	-5.9%	Q4 2012
EMREmerson Electric Co	$490K	0.04%	0.00%	+0.5%	Q2 2014
CATCaterpillar Inc	$488K	0.04%	0.00%	+0.5%	Q2 2014
XOMExxonMobil Holdings Corp	$482K	0.04%	0.00%	+2.6%	Q4 2012
CVXChevron Corp	$479K	0.04%	0.00%	+0.8%	Q4 2012
AXPAmerican Express Co	$471K	0.04%	0.00%	-9.7%	Q4 2012
GEGeneral Electric Co	$464K	0.04%	0.00%	-0.6%	Q3 2021
IAUIshares Gold Trust	$454K	0.04%	0.00%	+1.8%	Q2 2016
CLColgate Palmolive Co	$433K	0.04%	0.00%	+0.7%	Q4 2012
SYKStryker Corp	$412K	0.04%	0.00%	+0.5%	Q1 2017
MLIMueller Industries Inc	$399K	0.04%	0.00%	-4.6%	Q4 2014

Q3 2025Reported Nov 13, 20251,245 positions
BTTBlackRock Municipal 2030 Target Term Trust	$27.5M	2.45%	Not reported	+2.8%	Q3 2015
SPYSPDR S&P 500 ETF Trust	$16.2M	1.44%	Not reported	-0.4%	Q4 2012
AAPLApple Inc.	$13.9M	1.24%	0.00%	-1.3%	Q4 2012
BABGuggenheim Taxable Municipal Bond & Investment Grade Debt Trust	$10.7M	0.96%	Not reported	+1.7%	Q2 2018
NUWNuveen AMT-Free Municipal Value Fund	$9.7M	0.86%	Not reported	-16.2%	Q1 2021
BRK.BBerkshire Hathaway Inc	$9.32M	0.83%	Not reported	0.0%	Q4 2012
PGRProgressive Corp	$7.4M	0.66%	0.01%	0.0%	Q4 2020
NNYNuveen New York Municipal Value Fund	$6.64M	0.59%	Not reported	-7.8%	Q4 2014
AVIVAviv REIT, Inc.	$6.23M	0.55%	0.19%	+1.1%	Q4 2022
NIMNuveen Select Maturities Municipal Fund	$5.81M	0.52%	Not reported	-1.5%	Q2 2022
DIASPDR Dow Jones Industrial Average ETF Trust	$4.82M	0.43%	Not reported	-1.0%	Q4 2012
NUVNuveen Municipal Value Fund Inc	$3.92M	0.35%	Not reported	-42.9%	Q1 2018
MSFTMicrosoft Corp	$3.68M	0.33%	0.00%	+2.2%	Q4 2012
LTBRLIGHTBRIDGE Corp	$3.47M	0.31%	0.54%	Not reported	Q4 2012
JPMJPMorgan Chase & Co	$2.54M	0.23%	0.00%	+0.5%	Q4 2012
WULFTerawulf Inc.	$1.75M	0.16%	0.03%	+10.8%	Q1 2025
NVDANvidia Corp	$1.71M	0.15%	0.00%	+3.2%	Q1 2017
QQQInvesco QQQ Trust, Series 1	$1.6M	0.14%	Not reported	-6.3%	Q2 2018
COSTCostco Wholesale Corp	$1.41M	0.13%	0.00%	+0.7%	Q4 2012
HDHome Depot, Inc.	$1.39M	0.12%	0.00%	+0.2%	Q4 2012
SCZNXG NextGen Infrastructure Income Fund	$1.27M	0.11%	Not reported	Not reported	Q4 2012
LLYELI LILLY & Co	$1.1M	0.10%	0.00%	+1.6%	Q4 2012
GSGoldman Sachs Group Inc	$1.1M	0.10%	0.00%	+1.3%	Q4 2014
AMZNAmazon Com Inc	$1.01M	0.09%	0.00%	+6.0%	Q4 2012
DFAXGulf Resources, Inc.	$998K	0.09%	Not reported	-0.5%	Q3 2021
GOOGLAlphabet Inc.	$988K	0.09%	0.00%	+1.8%	Q4 2015
HEI.AHeico Corp	$767K	0.07%	Not reported	+0.2%	Q4 2012
IBMInternational Business Machines Corp	$749K	0.07%	0.00%	-1.7%	Q4 2012
METAMeta Platforms, Inc.	$705K	0.06%	Not reported	+4.9%	Q4 2012
GOOGAlphabet Inc.	$659K	0.06%	Not reported	+4.4%	Q4 2015
DNPDNP Select Income Fund Inc	$652K	0.06%	Not reported	+2.0%	Q4 2012
CSCOCisco Systems, Inc.	$611K	0.05%	0.00%	+1.1%	Q4 2012
PEPPepsico Inc	$608K	0.05%	0.00%	+0.7%	Q4 2012
UNPUnion Pacific Corp	$569K	0.05%	0.00%	+0.3%	Q4 2012
PGPROCTER & GAMBLE Co	$555K	0.05%	0.00%	+1.5%	Q4 2012
BSVNBank7 Corp.	$539K	0.05%	0.08%	+1.7%	Q1 2017
AVGOBroadcom Inc.	$537K	0.05%	0.00%	+4.0%	Q2 2017
CVXChevron Corp	$484K	0.04%	0.00%	+4.6%	Q4 2012
EMREmerson Electric Co	$482K	0.04%	0.00%	+0.4%	Q2 2014
JNJJohnson & Johnson	$482K	0.04%	0.00%	+1.8%	Q4 2012
AXPAmerican Express Co	$468K	0.04%	0.00%	+0.1%	Q4 2012
GEGeneral Electric Co	$456K	0.04%	0.00%	+4.1%	Q3 2021
PHParker-Hannifin Corp	$440K	0.04%	0.00%	+0.5%	Q2 2022
XOMExxonMobil Holdings Corp	$440K	0.04%	0.00%	+2.4%	Q4 2012
CLColgate Palmolive Co	$435K	0.04%	0.00%	-0.2%	Q4 2012
SYKStryker Corp	$431K	0.04%	0.00%	+0.5%	Q1 2017
CATCaterpillar Inc	$404K	0.04%	0.00%	+1.0%	Q2 2014
IAUIshares Gold Trust	$400K	0.04%	0.00%	+441.1%	Q2 2016
BBWIBath & Body Works, Inc.	$380K	0.03%	0.01%	Not reported	Q3 2021
MLIMueller Industries Inc	$368K	0.03%	0.00%	+0.1%	Q4 2014

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