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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

Q3 2025 · Filed 2025-11-13
Market Value
$1.1B
+7.0%
Holdings
1,550
+268
New Purchases
290
Added To
676
Closed
46
Reduced
230
Top 10 Concentration
32.6%
Turnover
21.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
JMUB 2.14% 1.39% +0.76% $24M
DMBS 1.79% 1.50% +0.29% $20M
MTBA 1.88% 1.64% +0.24% $21M
IVV 9.04% 8.86% +0.19% $101M
AAPL 1.24% 1.08% +0.16% $14M
LTBR 0.31% 0.21% +0.10% $3M
WULF 0.16% 0.06% +0.10% $2M
MINO 0.10% 0.00% +0.10% $1M
AVMU 0.12% 0.02% +0.09% $1M
SPLG 0.82% 0.74% +0.08% $9M
DCMB 1.12% 1.04% +0.08% $13M
SCHP 2.04% 1.96% +0.07% $23M
SPEM 1.34% 1.28% +0.06% $15M
DUHP 0.42% 0.37% +0.05% $5M
VBIL 0.06% 0.01% +0.05% $631K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SGOV 2.80% 3.18% -0.38% $31M
NUV 0.35% 0.63% -0.28% $4M
NUW 0.86% 1.07% -0.20% $10M
MBB 0.44% 0.63% -0.19% $5M
VGLT 2.16% 2.35% -0.19% $24M
STIP 4.88% 5.05% -0.16% $55M
VGSH 0.16% 0.27% -0.11% $2M
SCHO 0.17% 0.28% -0.11% $2M
BOXX 1.38% 1.49% -0.11% $16M
PGR 0.66% 0.76% -0.10% $7M
SCHH 0.95% 1.05% -0.10% $11M
NNY 0.59% 0.67% -0.08% $7M
IUSV 0.95% 1.03% -0.08% $11M
IEFA 1.24% 1.30% -0.06% $14M
PZA 0.54% 0.60% -0.06% $6M

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 72 $214M 19.1%
Large Cap 786 $590M 52.6%
Mid Cap 470 $114M 10.2%
Small Cap 178 $161M 14.3%
Micro Cap 44 $43M 3.9%

Portfolio Analytics

Avg Market Cap
$62.9B
Median Market Cap
$12.1B
Avg P/E
34.1
Median P/E
22.7
Avg Dividend Yield
0.02%
Avg Beta
1.00
# Stocks
1,209
# ETFs / Funds
342

Top Holdings (1,550 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IVV 9.04% 151,604 $101M $669.30 $9M +2,094 +1.4%
2 STIP 4.88% 529,770 $55M $103.36 $2M +15,783 +3.1%
3 AVUS 3.33% 343,783 $37M $108.70 $3M +1,085 +0.3%
4 SGOV 2.80% 311,547 $31M $100.70 -$2M -19,476 -5.9%
5 BTT 2.45% 1,222,601 $27M $22.46 $1M +33,115 +2.8%
6 VGLT 2.16% 426,948 $24M $56.86 -$408K -12,898 -2.9%
7 JMUB 2.14% 476,369 $24M $50.47 $10M +183,841 +62.9%
8 SCHP 2.04% 849,076 $23M $26.95 $2M +77,088 +10.0%
9 MTBA 1.88% 418,318 $21M $50.35 $4M +74,856 +21.8%
10 IEMG 1.85% 315,246 $21M $65.92 $2M -3,394 -1.1%
11 DMBS 1.79% 403,640 $20M $49.68 $4M +83,619 +26.1%
12 SCHX 1.74% 742,370 $20M $26.34 $1M -8,982 -1.2%
13 ITOT 1.67% 128,253 $19M $145.65 $828K -3,944 -3.0%
14 IWB 1.58% 48,423 $18M $365.48 $1M -624 -1.3%
15 DFAU 1.50% 367,366 $17M $45.76 $621K -14,835 -3.9%
16 SPY 1.45% 24,339 $16M $666.18 $1M -95 -0.4%
17 DGS 1.41% 277,597 $16M $57.10 $1M +10,382 +3.9%
18 VTV 1.40% 84,475 $16M $186.49 $1M +1,139 +1.4%
19 SCHC 1.40% 345,311 $16M $45.51 $970K -904 -0.3%
20 BOXX 1.38% 136,456 $16M $113.86 -$107K -2,380 -1.7%
21 SPEM 1.34% 320,969 $15M $46.81 $2M +7,917 +2.5%
22 IEFA 1.24% 159,927 $14M $87.31 $305K -3,689 -2.2%
23 AAPL 1.24% 54,487 $14M $254.63 $3M -729 -1.3%
24 VTI 1.16% 39,494 $13M $328.17 $1M +701 +1.8%
25 CARY 1.15% 616,106 $13M $20.91 $417K +16,770 +2.8%
26 DCMB 1.12% 240,961 $13M $52.08 $2M +32,045 +15.3%
27 IJR 1.07% 101,085 $12M $118.83 $1M +1,437 +1.4%
28 DFAC 1.00% 292,070 $11M $38.57 $567K -6,414 -2.1%
29 BAB 0.96% 393,386 $11M $27.29 $472K +6,536 +1.7%
30 SCHH 0.95% 495,307 $11M $21.57 -$338K -25,576 -4.9%
31 IUSV 0.95% 106,769 $11M $99.95 -$151K -7,596 -6.6%
32 SPDW 0.94% 246,281 $11M $42.79 $1M +14,688 +6.3%
33 DFAI 0.93% 288,251 $10M $36.35 $898K +11,123 +4.0%
34 DFAE 0.93% 331,676 $10M $31.53 $1M +10,266 +3.2%
35 VEA 0.91% 170,996 $10M $59.92 $447K -893 -0.5%
36 VWO 0.87% 180,968 $10M $54.18 $943K +1,797 +1.0%
37 NUW 0.86% 683,819 $10M $14.18 -$1M -132,402 -16.2%
38 VV 0.83% 30,413 $9M $307.86 $256K -1,509 -4.7%
39 BRK-B 0.83% 18,534 $9M $502.74 $317K +6 +0.0%
40 SPLG 0.82% 117,973 $9M $78.34 $1M +11,004 +10.3%
41 AVEM 0.82% 121,955 $9M $75.11 $824K +330 +0.3%
42 JMST 0.80% 175,240 $9M $51.04 $115K +1,850 +1.1%
43 MLN 0.80% 511,476 $9M $17.48 $457K +9,193 +1.8%
44 SPSM 0.80% 192,868 $9M $46.32 $998K +6,585 +3.5%
45 DFSV 0.75% 264,068 $8M $31.84 $711K +2,538 +1.0%
46 DFIV 0.74% 179,502 $8M $46.12 $648K +1,345 +0.8%
47 JAAA 0.69% 152,580 $8M $50.78 $98K +1,844 +1.2%
48 PGR 0.66% 29,959 $7M $246.95 -$598K -5 -0.0%
49 AVUV 0.62% 69,475 $7M $99.53 $395K -2,095 -2.9%
50 SCHA 0.61% 243,319 $7M $27.90 $536K -3,822 -1.6%
51 NNY 0.59% 804,281 $7M $8.26 -$431K -68,079 -7.8%
52 DFUS 0.59% 90,601 $7M $72.44 $317K -2,595 -2.8%
53 IVE 0.56% 30,343 $6M $206.51 $303K -171 -0.6%
54 AVIV 0.56% 92,332 $6M $67.44 $542K +983 +1.1%
55 PZA 0.54% 264,482 $6M $23.09 -$209K -17,623 -6.2%
56 DFEV 0.54% 189,754 $6M $31.89 $604K +8,120 +4.5%
57 NIM 0.52% 627,313 $6M $9.26 $41K -9,286 -1.5%
58 DFSD 0.48% 112,756 $5M $48.19 $138K +2,458 +2.2%
59 DFAS 0.47% 77,575 $5M $68.46 $246K -1,928 -2.4%
60 MBB 0.44% 51,886 $5M $95.15 -$2M -18,945 -26.8%
61 DIA 0.43% 10,402 $5M $463.74 $196K -100 -0.9%
62 DUHP 0.42% 124,426 $5M $37.77 $846K +16,063 +14.8%
63 VSS 0.41% 32,640 $5M $142.55 $241K -186 -0.6%
64 IXUS 0.41% 55,074 $5M $82.58 $168K -1,586 -2.8%
65 VBR 0.39% 21,149 $4M $208.71 $157K -681 -3.1%
66 EWX 0.38% 62,563 $4M $67.29 $322K -110 -0.2%
67 AVDV 0.37% 46,303 $4M $89.03 $643K +2,420 +5.5%
68 AVES 0.36% 70,509 $4M $57.37 $301K +590 +0.8%
69 SCHB 0.35% 154,556 $4M $25.71 $297K +255 +0.2%
70 NUV 0.35% 436,955 $4M $8.98 -$3M -328,201 -42.9%
71 TLT 0.34% 42,683 $4M $89.37 -$267K -3,565 -7.7%
72 MSFT 0.33% 7,102 $4M $517.93 $222K +152 +2.2%
73 MEAR 0.32% 70,610 $4M $50.51 $218K +4,000 +6.0%
74 VOO 0.31% 5,753 $4M $612.42 $334K +139 +2.5%
75 VB 0.31% 13,738 $3M $254.28 $245K +32 +0.2%
76 LTBR 0.31% 163,521 $3M $21.21 $1M
77 VTEB 0.30% 67,189 $3M $50.07 $173K +2,109 +3.2%
78 SCHF 0.30% 144,275 $3M $23.28 $176K +279 +0.2%
79 VEU 0.28% 44,583 $3M $71.37 $185K
80 IJS 0.27% 27,256 $3M $110.59 $265K -373 -1.4%
81 SLYV 0.27% 33,868 $3M $88.65 $274K -345 -1.0%
82 QUAL 0.27% 15,319 $3M $194.50 $328K +813 +5.6%
83 DIHP 0.26% 95,940 $3M $30.39 $45K -1,430 -1.5%
84 LTPZ 0.25% 52,431 $3M $53.28 $189K +2,792 +5.6%
85 AVDE 0.24% 34,735 $3M $78.90 $165K -60 -0.2%
86 SCHE 0.23% 77,154 $3M $33.37 $224K -827 -1.1%
87 JPM 0.23% 8,067 $3M $315.45 $217K +39 +0.5%
88 SCHV 0.22% 84,234 $2M $29.11 $286K +5,954 +7.6%
89 AVLV 0.21% 33,340 $2M $72.26 $196K +900 +2.8%
90 OEF 0.21% 7,140 $2M $332.84 $111K -305 -4.1%
91 SCHO 0.17% 77,386 $2M $24.40 -$1M -41,574 -35.0%
92 SPTL 0.16% 68,032 $2M $26.95 -$55K -3,000 -4.2%
93 VGSH 0.16% 31,029 $2M $58.85 -$1M -17,831 -36.5%
94 SCHR 0.16% 72,580 $2M $25.13 -$464K -18,832 -20.6%
95 WULF 0.16% 153,218 $2M $11.42 $1M +14,961 +10.8%
96 ESGV 0.15% 14,633 $2M $118.44 $307K +1,623 +12.5%
97 NVDA 0.15% 9,158 $2M $186.58 $307K +283 +3.2%
98 IJH 0.15% 25,934 $2M $65.26 $383K +4,819 +22.8%
99 QQQ 0.14% 2,668 $2M $600.37 $31K -180 -6.3%
100 EFA 0.14% 16,358 $2M $93.37 $65K

Options Breakdown

16 Calls $4K Call Value 10 Puts $23K Put Value 5.73 P/C Ratio

Top Calls

SymbolSharesValueStatus
MRVL 100 $875 NEW
DHR 100 $760 NEW
RKT 1,000 $650 NEW
CRH.L 100 $600 NEW
EL 100 $480
GPS 300 $402
NDAQ 200 $110 NEW
SHAK 200 $107
QXO 100 $10
OWL 100 $7

Top Puts

SymbolSharesValueStatus
SPY 17,400 $18K
AAPL 10,000 $5K
COIN 1 $4 NEW
BLSH 1 $4 NEW
PLTR 2 $3 NEW
CVNA 1 $3 NEW
CRWV 1 $3 NEW
COST $0 SOLD
LLY $0 SOLD
IVV $0 SOLD

New Positions

SymbolValue% Port
FNDF $266K 0.02%
HYPR $65K 0.01%
PCQ $55K —%
RWL $39K —%
BKIE $38K —%
FNDX $22K —%
ITA $21K —%
CIBR $18K —%
GGN $15K —%
XAR $14K —%
VLUE $14K —%
SMH $12K —%
IXP $12K —%
GSLC $11K —%
DEM $10K —%

Sold Out Positions

SymbolValue% Port
CUBE —%
INSP —%
HCI —%
HIMS —%
AES —%
GLOB —%
UHAL-B —%
CHPT —%
MOH —%
MED —%
PNFP —%
KNF —%
NZF —%
BAH —%
BF-B —%
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