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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

Q4 2025 · Filed 2026-02-06
Market Value
$1.1B
+1.3%
Holdings
1,506
-44
New Purchases
2
Added To
105
Closed
1,272
Reduced
95
Top 10 Concentration
33.4%
Turnover
84.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VBIL 0.53% 0.06% +0.47% $6M
SPLG 1.18% 0.82% +0.36% $13M
BTT 2.73% 2.45% +0.28% $31M
STIP 5.10% 4.88% +0.22% $58M
JMUB 2.35% 2.14% +0.21% $27M
MTBA 2.09% 1.88% +0.21% $24M
AVUS 3.53% 3.33% +0.20% $40M
MINO 0.29% 0.10% +0.19% $3M
JMTG 0.17% 0.00% +0.17% $2M
DMBS 1.95% 1.79% +0.16% $22M
SPDW 1.06% 0.94% +0.12% $12M
VGSH 0.26% 0.16% +0.09% $3M
DCMB 1.21% 1.12% +0.09% $14M
VTIP 0.09% 0.01% +0.09% $1M
MSFT 0.41% 0.33% +0.08% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SGOV 2.52% 2.80% -0.27% $29M
NUV 0.09% 0.35% -0.26% $1M
IVV 8.86% 9.04% -0.19% $101M
MBB 0.31% 0.44% -0.13% $4M
BOXX 1.27% 1.38% -0.12% $14M
ITOT 1.56% 1.67% -0.11% $18M
JMST 0.70% 0.80% -0.10% $8M
NNY 0.50% 0.59% -0.09% $6M
NUW 0.78% 0.86% -0.09% $9M
SCHX 1.67% 1.74% -0.07% $19M
LTBR 0.24% 0.31% -0.07% $3M
PGR 0.60% 0.66% -0.06% $7M
SCHR 0.11% 0.16% -0.05% $1M
MEAR 0.27% 0.32% -0.05% $3M
IEMG 1.83% 1.85% -0.03% $21M

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 $216M 19.0%
Large Cap 770 $589M 51.8%
Mid Cap 454 $123M 10.8%
Small Cap 170 $167M 14.7%
Micro Cap 40 $42M 3.7%

Portfolio Analytics

Avg Market Cap
$64.3B
Median Market Cap
$12.4B
Avg P/E
34.0
Median P/E
22.5
Avg Dividend Yield
0.02%
Avg Beta
1.00
# Stocks
1,170
# ETFs / Funds
337

Top Holdings (1,506 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IVV 8.86% 147,003 $101M $684.94 -$781K -4,601 -3.0%
2 STIP 5.10% 566,503 $58M $102.39 $3M +36,733 +6.9%
3 AVUS 3.53% 359,435 $40M $111.78 $3M +15,652 +4.5%
4 BTT 2.73% 1,361,137 $31M $22.82 $4M +138,536 +11.3%
5 SGOV 2.52% 285,711 $29M $100.38 -$3M -25,836 -8.3%
6 JMUB 2.35% 530,147 $27M $50.50 $3M +53,778 +11.3%
7 VGLT 2.15% 438,668 $24M $55.80 $201K +11,720 +2.8%
8 MTBA 2.09% 470,695 $24M $50.41 $3M +52,377 +12.5%
9 SCHP 2.09% 895,124 $24M $26.49 $829K +46,048 +5.4%
10 DMBS 1.95% 445,735 $22M $49.66 $2M +42,095 +10.4%
11 IEMG 1.83% 308,861 $21M $67.22 -$19K -6,385 -2.0%
12 SCHX 1.67% 705,007 $19M $26.91 -$582K -37,363 -5.0%
13 IWB 1.56% 47,607 $18M $373.44 $81K -816 -1.7%
14 ITOT 1.56% 119,211 $18M $148.69 -$955K -9,042 -7.0%
15 DFAU 1.52% 368,042 $17M $46.80 $414K +676 +0.2%
16 VTV 1.48% 88,221 $17M $190.99 $1M +3,746 +4.4%
17 DGS 1.44% 285,367 $16M $57.24 $484K +7,770 +2.8%
18 SCHC 1.43% 356,927 $16M $45.53 $536K +11,616 +3.4%
19 SPY 1.42% 23,737 $16M $681.93 -$27K -602 -2.5%
20 SPEM 1.37% 333,685 $16M $46.81 $595K +12,716 +4.0%
21 AAPL 1.27% 53,180 $14M $271.86 $583K -1,307 -2.4%
22 BOXX 1.27% 125,336 $14M $115.10 -$1M -11,120 -8.2%
23 IEFA 1.25% 158,462 $14M $89.46 $213K -1,465 -0.9%
24 DCMB 1.21% 264,905 $14M $51.90 $1M +23,944 +9.9%
25 CARY 1.19% 647,945 $13M $20.83 $611K +31,839 +5.2%
26 SPLG 1.18% 167,397 $13M $80.22 $4M +49,424 +41.9%
27 VTI 1.17% 39,536 $13M $335.27 $294K +42 +0.1%
28 SPDW 1.06% 270,291 $12M $44.41 $1M +24,010 +9.8%
29 IJR 1.05% 99,296 $12M $120.18 -$79K -1,789 -1.8%
30 BAB 0.99% 415,867 $11M $27.20 $576K +22,481 +5.7%
31 DFAC 0.99% 284,441 $11M $39.59 -$4K -7,629 -2.6%
32 DFAE 0.97% 339,794 $11M $32.57 $609K +8,118 +2.5%
33 DFAI 0.97% 289,962 $11M $38.11 $573K +1,711 +0.6%
34 SCHH 0.96% 523,909 $11M $20.89 $261K +28,602 +5.8%
35 VEA 0.94% 170,856 $11M $62.47 $427K -140 -0.1%
36 IUSV 0.94% 103,711 $11M $102.54 -$37K -3,058 -2.9%
37 VWO 0.86% 181,448 $10M $53.76 -$50K +480 +0.3%
38 SPSM 0.86% 207,692 $10M $46.86 $799K +14,824 +7.7%
39 VV 0.85% 30,753 $10M $314.80 $318K +340 +1.1%
40 BRK-B 0.82% 18,508 $9M $502.65 -$15K -26 -0.1%
41 AVEM 0.82% 120,434 $9M $77.02 $116K -1,521 -1.2%
42 DFSV 0.81% 279,622 $9M $32.89 $789K +15,554 +5.9%
43 DFIV 0.80% 181,586 $9M $49.90 $783K +2,084 +1.2%
44 MLN 0.79% 513,476 $9M $17.53 $61K +2,000 +0.4%
45 NUW 0.78% 617,823 $9M $14.31 -$856K -65,996 -9.7%
46 JMST 0.70% 155,119 $8M $50.94 -$1M -20,121 -11.5%
47 JAAA 0.68% 152,728 $8M $50.58 -$23K +148 +0.1%
48 AVUV 0.63% 70,754 $7M $101.98 $301K +1,279 +1.8%
49 SCHA 0.63% 249,586 $7M $28.48 $320K +6,267 +2.6%
50 PGR 0.60% 30,100 $7M $227.72 -$544K +141 +0.5%
51 DFUS 0.59% 90,811 $7M $74.17 $172K +210 +0.2%
52 DFEV 0.58% 194,412 $7M $33.74 $508K +4,658 +2.5%
53 AVIV 0.57% 91,451 $7M $71.23 $287K -881 -0.9%
54 IVE 0.54% 28,782 $6M $212.07 -$162K -1,561 -5.1%
55 PZA 0.53% 258,557 $6M $23.19 -$111K -5,925 -2.2%
56 VBIL 0.53% 79,192 $6M $75.43 $5M +70,852 +849.5%
57 DFSD 0.52% 124,188 $6M $47.95 $521K +11,432 +10.1%
58 NIM 0.51% 618,713 $6M $9.31 -$49K -8,600 -1.4%
59 NNY 0.50% 662,306 $6M $8.56 -$971K -141,975 -17.6%
60 DFAS 0.48% 78,062 $5M $69.67 $128K +487 +0.6%
61 DUHP 0.46% 136,759 $5M $38.03 $501K +12,333 +9.9%
62 DIA 0.43% 10,212 $5M $480.57 $84K -190 -1.8%
63 VSS 0.41% 32,499 $5M $143.33 $5K -141 -0.4%
64 MSFT 0.41% 9,570 $5M $483.60 $950K +2,468 +34.8%
65 IXUS 0.40% 53,651 $5M $84.64 -$7K -1,423 -2.6%
66 VBR 0.39% 21,047 $4M $211.79 $43K -102 -0.5%
67 AVDV 0.38% 45,545 $4M $93.97 $158K -758 -1.6%
68 VOO 0.37% 6,659 $4M $627.11 $653K +906 +15.8%
69 EWX 0.36% 61,678 $4M $65.66 -$160K -885 -1.4%
70 AVES 0.35% 68,703 $4M $58.31 -$39K -1,806 -2.6%
71 SCHB 0.35% 149,926 $4M $26.23 -$41K -4,630 -3.0%
72 TLT 0.33% 42,634 $4M $87.16 -$99K -49 -0.1%
73 MBB 0.31% 37,002 $4M $95.22 -$1M -14,884 -28.7%
74 VB 0.30% 13,213 $3M $257.95 -$85K -525 -3.8%
75 VTEB 0.30% 66,979 $3M $50.29 $4K -210 -0.3%
76 SCHF 0.29% 139,001 $3M $24.04 -$17K -5,274 -3.7%
77 VEU 0.29% 44,975 $3M $73.56 $126K +392 +0.9%
78 MINO 0.29% 72,270 $3M $45.32 $2M +48,130 +199.4%
79 QUAL 0.29% 16,419 $3M $198.62 $282K +1,100 +7.2%
80 DIHP 0.29% 102,340 $3M $31.66 $324K +6,400 +6.7%
81 AVDE 0.27% 37,725 $3M $82.32 $365K +2,990 +8.6%
82 MEAR 0.27% 61,470 $3M $50.32 -$473K -9,140 -12.9%
83 IJS 0.26% 26,456 $3M $113.72 -$6K -800 -2.9%
84 SLYV 0.26% 32,441 $3M $90.97 -$51K -1,427 -4.2%
85 VGSH 0.26% 49,756 $3M $58.73 $1M +18,727 +60.4%
86 LTPZ 0.25% 55,967 $3M $51.75 $103K +3,536 +6.7%
87 LTBR 0.24% 215,937 $3M $12.64 -$739K +52,416 +32.0%
88 JPM 0.22% 7,804 $3M $322.22 -$30K -263 -3.3%
89 SCHV 0.22% 83,497 $2M $29.61 $20K -737 -0.9%
90 SCHE 0.22% 75,116 $2M $32.75 -$115K -2,038 -2.6%
91 AVLV 0.22% 32,351 $2M $75.77 $42K -989 -3.0%
92 OEF 0.21% 6,947 $2M $342.97 $6K -193 -2.7%
93 ESGV 0.18% 16,898 $2M $120.96 $311K +2,265 +15.5%
94 JMTG 0.17% 38,660 $2M $51.06 +38,660 NEW
95 SCHO 0.17% 77,348 $2M $24.37 -$3K -38 -0.1%
96 SPTL 0.16% 68,382 $2M $26.47 -$23K +350 +0.5%
97 WULF 0.15% 153,218 $2M $11.49 $11K
98 QQQ 0.15% 2,829 $2M $614.40 $136K +161 +6.0%
99 AVMU 0.15% 37,585 $2M $46.24 $438K +9,084 +31.9%
100 IJH 0.15% 25,934 $2M $66.00 $19K

Options Breakdown

12 Calls $108 Call Value 8 Puts $69K Put Value 638.3 P/C Ratio

Top Calls

SymbolSharesValueStatus
PGR 400 $108 NEW
NDAQ $0 SOLD
EL $0 SOLD
CRH.L $0 SOLD
QXO $0 SOLD
SHAK $0 SOLD
GPS $0 SOLD
RKT $0 SOLD
DHR $0 SOLD
OWL $0 SOLD

Top Puts

SymbolSharesValueStatus
SPY 24,300 $68K
AAPL 8,500 $600
AXSM 800 $480 NEW
COIN $0 SOLD
BLSH $0 SOLD
CRWV $0 SOLD
PLTR $0 SOLD
CVNA $0 SOLD

New Positions

SymbolValue% Port
JMTG $2M 0.17%
FTNY $218K 0.02%

Sold Out Positions

SymbolValue% Port
21P.F —%
AME —%
OGS —%
ESTC —%
ABT —%
AVB —%
BDX —%
NVT —%
EXR —%
EXPD —%
HRB —%
IBP —%
ATR —%
GLW —%
ARW —%
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