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Asset Manager ← All Institutions

Tortoise Investment Management, LLC

2 WESTCHESTER PARK DRIVE SUITE 215, WHITE PLAINS, NY 10604 • 914-686-0024

Q2 2025 · Filed 2025-08-08
Market Value
$1.0B
+9.2%
Holdings
1,282
+417
New Purchases
477
Added To
403
Closed
22
Reduced
115
Top 10 Concentration
32.5%
Turnover
38.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
JMUB 1.39% 0.00% +1.39% $15M
DCMB 1.04% 0.06% +0.98% $11M
PZA 0.60% 0.32% +0.28% $6M
MLN 0.81% 0.53% +0.28% $8M
LTPZ 0.25% 0.01% +0.23% $3M
AVUS 3.30% 3.07% +0.22% $35M
DFAS 0.48% 0.27% +0.21% $5M
SCHP 1.96% 1.80% +0.17% $21M
DFSV 0.73% 0.58% +0.16% $8M
AVEM 0.80% 0.65% +0.14% $8M
IVV 8.86% 8.73% +0.13% $93M
SCHC 1.41% 1.29% +0.12% $15M
DGS 1.41% 1.29% +0.12% $15M
DFUS 0.60% 0.48% +0.11% $6M
DFAE 0.89% 0.78% +0.11% $9M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CMBS 0.06% 1.65% -1.59% $650K
NUV 0.63% 1.24% -0.61% $7M
VGLT 2.35% 2.82% -0.47% $25M
NUW 1.07% 1.34% -0.28% $11M
STIP 5.05% 5.31% -0.27% $53M
AAPL 1.08% 1.34% -0.26% $11M
DFSD 0.51% 0.72% -0.21% $5M
NNY 0.67% 0.88% -0.20% $7M
SGOV 3.18% 3.37% -0.19% $33M
PGR 0.76% 0.93% -0.16% $8M
SCHH 1.05% 1.20% -0.15% $11M
BRK-B 0.86% 1.00% -0.14% $9M
NIM 0.55% 0.68% -0.13% $6M
JAAA 0.73% 0.86% -0.13% $8M
MBB 0.63% 0.76% -0.13% $7M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 96.5%
Technology 1.7%
Industrials 0.5%
Communication Services 0.3%
Consumer Cyclical 0.3%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 70 $195M 18.6%
Large Cap 735 $563M 53.7%
Mid Cap 301 $100M 9.5%
Small Cap 133 $148M 14.1%
Micro Cap 43 $41M 4.0%

Portfolio Analytics

Avg Market Cap
$74.1B
Median Market Cap
$15.3B
Avg P/E
34.1
Median P/E
23.7
Avg Dividend Yield
0.02%
Avg Beta
0.98
# Stocks
951
# ETFs / Funds
332

Top Holdings (1,282 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IVV 8.86% 149,510 $93M $620.90 $9M +424 +0.3%
2 STIP 5.05% 513,987 $53M $102.91 $2M +21,043 +4.3%
3 AVUS 3.30% 342,698 $35M $100.82 $5M +23,337 +7.3%
4 SGOV 3.18% 331,023 $33M $100.69 $936K +9,230 +2.9%
5 BTT 2.48% 1,189,486 $26M $21.89 $3M +103,140 +9.5%
6 VGLT 2.35% 439,846 $25M $56.12 -$2M -30,120 -6.4%
7 SCHP 1.96% 771,988 $21M $26.68 $3M +129,870 +20.2%
8 IEMG 1.82% 318,640 $19M $60.03 $2M +4,007 +1.3%
9 SCHX 1.75% 751,352 $18M $24.44 $2M +28,534 +4.0%
10 ITOT 1.70% 132,197 $18M $135.04 $2M +2,635 +2.0%
11 MTBA 1.64% 343,462 $17M $50.09 $532K +10,961 +3.3%
12 IWB 1.59% 49,047 $17M $339.57 $2M -279 -0.6%
13 DFAU 1.54% 382,201 $16M $42.36 $727K -20,065 -5.0%
14 DMBS 1.50% 320,021 $16M $49.07 $1M +20,762 +6.9%
15 BOXX 1.49% 138,836 $16M $112.68 $2M +13,355 +10.6%
16 SPY 1.44% 24,434 $15M $617.85 $1M -283 -1.1%
17 DGS 1.41% 267,215 $15M $55.24 $2M +10,375 +4.0%
18 SCHC 1.41% 346,215 $15M $42.59 $2M +2,335 +0.7%
19 VTV 1.40% 83,336 $15M $176.74 $934K +3,477 +4.3%
20 JMUB 1.39% 292,528 $15M $49.64 +292,528 NEW
21 IEFA 1.30% 163,616 $14M $83.48 $921K -4,757 -2.8%
22 SPEM 1.28% 313,052 $13M $42.74 $1M +943 +0.3%
23 CARY 1.19% 599,336 $12M $20.80 $225K +9,685 +1.6%
24 VTI 1.12% 38,793 $12M $303.93 $2M +1,815 +4.9%
25 AAPL 1.08% 55,216 $11M $205.17 -$2M -2,568 -4.4%
26 NUW 1.07% 816,221 $11M $13.68 -$2M -120,386 -12.8%
27 SCHH 1.05% 520,883 $11M $21.16 -$521K -15,759 -2.9%
28 IJR 1.04% 99,648 $11M $109.29 $223K -2,367 -2.3%
29 DCMB 1.04% 208,916 $11M $52.03 $10M +198,536 +1912.7%
30 IUSV 1.03% 114,365 $11M $94.63 -$291K -6,051 -5.0%
31 DFAC 1.02% 298,484 $11M $35.84 $2M +28,486 +10.6%
32 BAB 0.98% 386,850 $10M $26.53 -$136K -2,940 -0.8%
33 VEA 0.93% 171,889 $10M $57.01 $1M +3,394 +2.0%
34 DFAI 0.91% 277,128 $10M $34.57 $1M +14,092 +5.4%
35 SPDW 0.89% 231,593 $9M $40.49 $867K -2,135 -0.9%
36 DFAE 0.89% 321,410 $9M $28.95 $2M +33,277 +11.6%
37 VV 0.87% 31,922 $9M $285.30 $1M +1,453 +4.8%
38 BRK-B 0.86% 18,528 $9M $485.77 -$623K +459 +2.5%
39 VWO 0.85% 179,171 $9M $49.46 $829K +1,688 +0.9%
40 JMST 0.84% 173,390 $9M $50.92 $869K +16,860 +10.8%
41 MLN 0.81% 502,283 $8M $16.89 $3M +211,157 +72.5%
42 AVEM 0.80% 121,625 $8M $68.54 $2M +17,608 +16.9%
43 PGR 0.76% 29,964 $8M $266.86 -$906K -1,493 -4.8%
44 SPSM 0.76% 186,283 $8M $42.60 $1M +16,592 +9.8%
45 SPLG 0.74% 106,969 $8M $72.69 $1M +4,979 +4.9%
46 DFSV 0.73% 261,530 $8M $29.43 $2M +64,501 +32.7%
47 JAAA 0.73% 150,736 $8M $50.75 -$637K -12,690 -7.8%
48 DFIV 0.73% 178,157 $8M $42.83 $782K +4,155 +2.4%
49 NNY 0.67% 872,360 $7M $8.11 -$1M -150,069 -14.7%
50 MBB 0.63% 70,831 $7M $93.89 -$680K -7,330 -9.4%
51 NUV 0.63% 765,156 $7M $8.69 -$5M -594,605 -43.7%
52 AVUV 0.62% 71,570 $7M $91.10 $867K +6,725 +10.4%
53 PZA 0.60% 282,105 $6M $22.39 $3M +148,890 +111.8%
54 SCHA 0.60% 247,141 $6M $25.30 $952K +20,893 +9.2%
55 DFUS 0.60% 93,196 $6M $67.02 $2M +16,520 +21.6%
56 IVE 0.57% 30,514 $6M $195.42 -$65K -1,115 -3.5%
57 NIM 0.55% 636,599 $6M $9.06 -$796K -67,633 -9.6%
58 AVIV 0.54% 91,349 $6M $62.24 $690K +3,223 +3.7%
59 DFEV 0.52% 181,634 $5M $29.99 $1M +19,698 +12.2%
60 DFSD 0.51% 110,298 $5M $48.01 -$2M -34,276 -23.7%
61 DFAS 0.48% 79,503 $5M $63.71 $2M +36,256 +83.8%
62 DIA 0.44% 10,502 $5M $440.65 $38K -430 -3.9%
63 VSS 0.42% 32,826 $4M $134.39 $472K -1,250 -3.7%
64 IXUS 0.42% 56,660 $4M $77.31 $425K
65 VBR 0.41% 21,830 $4M $195.01 $165K -135 -0.6%
66 TLT 0.39% 46,248 $4M $88.25 $720K +9,319 +25.2%
67 EWX 0.37% 62,673 $4M $62.03 $258K -1,420 -2.2%
68 DUHP 0.37% 108,363 $4M $35.56 $437K +5,279 +5.1%
69 AVES 0.36% 69,919 $4M $53.55 $370K -1,612 -2.2%
70 SCHB 0.35% 154,301 $4M $23.83 $396K +1,930 +1.3%
71 AVDV 0.33% 43,883 $3M $79.28 $431K +178 +0.4%
72 MSFT 0.33% 6,950 $3M $497.38 $995K +392 +6.0%
73 MEAR 0.32% 66,610 $3M $50.27 $535K +10,600 +18.9%
74 VB 0.31% 13,706 $3M $236.98 $604K +1,784 +15.0%
75 VTEB 0.30% 65,080 $3M $49.03 -$294K -5,160 -7.3%
76 VOO 0.30% 5,614 $3M $568.00 $971K +1,298 +30.1%
77 SCHF 0.30% 143,996 $3M $22.10 $315K -961 -0.7%
78 VEU 0.29% 44,583 $3M $67.22 $277K -255 -0.6%
79 SCHO 0.28% 118,960 $3M $24.38 -$300K -12,518 -9.5%
80 VGSH 0.27% 48,860 $3M $58.78 -$709K -12,148 -19.9%
81 DIHP 0.27% 97,370 $3M $29.49 $336K +3,270 +3.5%
82 IJS 0.26% 27,629 $3M $99.49 $114K +597 +2.2%
83 SLYV 0.26% 34,213 $3M $79.76 -$84K -1,661 -4.6%
84 QUAL 0.25% 14,506 $3M $182.82 $1M +5,827 +67.1%
85 LTPZ 0.25% 49,639 $3M $52.47 $2M +47,234 +1964.0%
86 AVDE 0.25% 34,795 $3M $74.01 $580K +4,692 +15.6%
87 SCHE 0.22% 77,981 $2M $30.14 $219K +676 +0.9%
88 JPM 0.22% 8,028 $2M $289.92 $378K +80 +1.0%
89 SCHR 0.22% 91,412 $2M $25.03 $640K +25,129 +37.9%
90 OEF 0.22% 7,445 $2M $304.35 $234K -56 -0.8%
91 AVLV 0.21% 32,440 $2M $68.21 $558K +7,060 +27.8%
92 LTBR 0.21% 163,521 $2M $13.37 $966K
93 SCHV 0.21% 78,280 $2M $27.67 $291K +7,736 +11.0%
94 SPTL 0.18% 71,032 $2M $26.58 -$231K -6,713 -8.6%
95 QQQ 0.15% 2,848 $2M $551.64 $247K +25 +0.9%
96 COST 0.14% 1,516 $2M $989.94 $96K +31 +2.1%
97 EFA 0.14% 16,358 $1M $89.39 $116K -113 -0.7%
98 ESGV 0.14% 13,010 $1M $109.64 $158K +63 +0.5%
99 VNQ 0.13% 15,816 $1M $89.06 $93K +1,291 +8.9%
100 NVDA 0.13% 8,875 $1M $157.99 $612K +1,582 +21.7%

Options Breakdown

16 Calls $6K Call Value 5 Puts $93K Put Value 16.04 P/C Ratio

Top Calls

SymbolSharesValueStatus
SHAK 100 $3K NEW
GPS 300 $705 NEW
CPNG 500 $610 NEW
EL 100 $580 NEW
TOST 100 $435
QXO 100 $205 NEW
JBLU 1,000 $160 NEW
TSLX 500 $150 NEW
OWL 100 $100 NEW
ICL 1,000 $100 NEW

Top Puts

SymbolSharesValueStatus
AAPL 8,000 $46K
SPY 19,300 $22K
LLY 400 $20K
COST 300 $3K NEW
IVV 700 $2K NEW

New Positions

SymbolValue% Port
JMUB $15M 1.39%
MUNI $395K 0.04%
FXB $204K 0.02%
RDDT $166K 0.02%
ZIM $145K 0.01%
IGOV $104K 0.01%
FXE $101K 0.01%
IHI $19K —%
XJR $16K —%
IYT $14K —%
FHN $12K —%
TOST $12K —%
TDG $8K —%
DE $5K —%
CRON $5K —%

Sold Out Positions

SymbolValue% Port
NEA —%
FBRT —%
NAD —%
NBB —%
MBLY —%
GHRS —%
CRDF —%
DEM —%
DFVX —%
VOOG —%
HDV —%
SAIL —%
BBAX —%
SLQD —%
XLB —%
View SEC EDGAR Filings for Tortoise Investment Management, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms