Tortoise Investment Management, LLC

Q3 2025 13F-HR Holdings

Location
White Plains, NY
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
1,554
Total value ($000)
$1,122,773
Net value change ($000)
+74,238 (7.1%)
New positions
300
Sold out positions
48
Turnover %
0.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/8/2025 Next filing: 2/6/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
JMUB 9,521 65.6%
IVV 8,638 9.3%
DMBS 4,350 27.7%
MTBA 3,858 22.4%
AVUS 2,818 8.2%
AAPL 2,545 22.5%
SCHP 2,286 11.1%
STIP 1,863 3.5%
DCRE 1,679 15.4%
IEMG 1,653 8.6%
Top Reduces (Value $000, Stocks/ETFs)
NUV -2,725 -41.0%
SGOV -1,958 -5.9%
MBB -1,713 -25.8%
NUW -1,469 -13.2%
VGSH -1,046 -36.4%
SCHO -1,012 -34.9%
PGR -598 -7.5%
CMBS -568 -87.4%
SCHR -464 -20.3%
NNY -432 -6.1%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 27 (0.0% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type