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.

Limited to 30 biggest holdings

$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