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TORTOISE CAPITAL ADVISORS, L.L.C.

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13F filer, CIK 1280965, OVERLAND PARK, KS

TORTOISE CAPITAL ADVISORS, L.L.C. reported $8,270,706,766 across 51 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-14. Its ten largest share positions make up 71.63% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001280965-25-000004

Period
2025-03-31
Reported value
$8.27B
Holdings
51
Top 10 weight
71.63%
New
4
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
OKEadded+1,047,810$104M
AMadded+2,242,283$40.4M
VGnew+2,783,770$28.7M
DTMadded+282,870$27.3M
SREadded+380,970$27.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
ENLINK MIDSTREAM LLCexited-10,958,740-$155M
TRGPreduced-248,405-$49.8M
MPLXreduced-504,539-$27M
LNGreduced-95,167-$22M
PAAreduced-856,467-$17.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001280965-25-000004, largest first. % of portfolio is the value over $8,270,706,766, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TRGPTARGA RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,712,378 shares; 2024Q4: 4,377,544 shares; 2025Q1: 4,129,139 shares 4,129,139$828M10.01%-248,405Timeline
MPLXMPLX LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,444,393 shares; 2024Q4: 14,228,684 shares; 2025Q1: 13,724,145 shares 13,724,145$735M8.88%-504,539Timeline
OKEONEOK INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,542,947 shares; 2024Q4: 6,123,985 shares; 2025Q1: 7,171,795 shares 7,171,795$712M8.6%+1,047,810Timeline
ETENERGY TRANSFER L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 37,342,200 shares; 2024Q4: 37,253,839 shares; 2025Q1: 38,205,495 shares 38,205,495$710M8.59%+951,656Timeline
LNGCHENIERE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,199,370 shares; 2024Q4: 3,079,735 shares; 2025Q1: 2,984,568 shares 2,984,568$691M8.35%-95,167Timeline
WMBWILLIAMS COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,308,747 shares; 2024Q4: 11,458,927 shares; 2025Q1: 11,340,914 shares 11,340,914$678M8.19%-118,013Timeline
EPDENTERPRISE PRODS PARTNERS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,634,955 shares; 2024Q4: 15,642,522 shares; 2025Q1: 15,446,929 shares 15,446,929$527M6.38%-195,593Timeline
TRPTC ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,942,350 shares; 2024Q4: 8,279,997 shares; 2025Q1: 8,673,255 shares 8,673,255$409M4.95%+393,258Timeline
WESWESTERN MIDSTREAM PARTNERS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,905,073 shares; 2024Q4: 8,064,089 shares; 2025Q1: 7,930,425 shares 7,930,425$325M3.93%-133,664Timeline
HESMHESS MIDSTREAM LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,497,163 shares; 2024Q4: 7,581,106 shares; 2025Q1: 7,326,845 shares 7,326,845$310M3.75%-254,261Timeline
KMIKINDER MORGAN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,211,559 shares; 2024Q4: 10,189,661 shares; 2025Q1: 10,152,678 shares 10,152,678$290M3.5%-36,983Timeline
ENBENBRIDGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,791,640 shares; 2024Q4: 6,222,673 shares; 2025Q1: 6,414,282 shares 6,414,282$284M3.44%+191,609Timeline
PAGPPLAINS GP HLDGS L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,585,150 shares; 2024Q4: 12,513,005 shares; 2025Q1: 11,854,683 shares 11,854,683$253M3.06%-658,322Timeline
PAAPLAINS ALL AMERN PIPELINE LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,246,457 shares; 2024Q4: 13,321,966 shares; 2025Q1: 12,465,499 shares 12,465,499$249M3.01%-856,467Timeline
AMANTERO MIDSTREAM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,933,712 shares; 2024Q4: 7,069,598 shares; 2025Q1: 9,311,881 shares 9,311,881$168M2.03%+2,242,283Timeline
PBAPEMBINA PIPELINE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,159,991 shares; 2024Q4: 4,240,053 shares; 2025Q1: 4,102,649 shares 4,102,649$164M1.98%-137,404Timeline
DTMDT MIDSTREAM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,434,607 shares; 2024Q4: 1,299,963 shares; 2025Q1: 1,582,833 shares 1,582,833$153M1.85%+282,870Timeline
SRESEMPRAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 886,666 shares; 2024Q4: 1,059,155 shares; 2025Q1: 1,440,125 shares 1,440,125$103M1.24%+380,970Timeline
CWENCLEARWAY ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,612,374 shares; 2024Q4: 2,798,918 shares; 2025Q1: 2,777,047 shares 2,777,047$84.1M1.02%-21,871Timeline
SUNSUNOCO LP/SUNOCO FIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,349,687 shares; 2024Q4: 1,279,736 shares; 2025Q1: 1,213,616 shares 1,213,616$70.5M0.85%-66,120Timeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 606,072 shares; 2024Q4: 458,484 shares; 2025Q1: 414,434 shares 414,434$48.7M0.59%-44,050Timeline
CQPCHENIERE ENERGY PARTNERS L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 671,550 shares; 2024Q4: 666,833 shares; 2025Q1: 712,703 shares 712,703$47.1M0.57%+45,870Timeline
CMSCMS ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 329,930 shares; 2024Q4: 359,738 shares; 2025Q1: 457,809 shares 457,809$34.4M0.42%+98,071Timeline
EQTEQT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 810,461 shares; 2024Q4: 767,729 shares; 2025Q1: 617,147 shares 617,147$33M0.4%-150,582Timeline
CEGCONSTELLATION ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 313,501 shares; 2024Q4: 175,382 shares; 2025Q1: 160,659 shares 160,659$32.4M0.39%-14,723Timeline
NEENEXTERA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,090,755 shares; 2024Q4: 349,963 shares; 2025Q1: 445,388 shares 445,388$31.6M0.38%+95,425Timeline
SOBOSOUTH BOW CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,195,892 shares; 2025Q1: 1,205,314 shares 1,205,314$30.8M0.37%+9,422Timeline
KGSKODIAK GAS SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 912,421 shares; 2024Q4: 797,750 shares; 2025Q1: 776,423 shares 776,423$29M0.35%-21,327Timeline
VGVENTURE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,783,770 shares 2,783,770$28.7M0.35%newTimeline
EEEXCELERATE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 793,189 shares; 2024Q4: 756,120 shares; 2025Q1: 746,482 shares 746,482$21.4M0.26%-9,638Timeline
KNTKKINETIK HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 492,458 shares; 2024Q4: 455,231 shares; 2025Q1: 403,762 shares 403,762$21M0.25%-51,469Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 127,701 shares; 2024Q4: 64,415 shares; 2025Q1: 169,099 shares 169,099$20.1M0.24%+104,684Timeline
AEEAMEREN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 227,038 shares; 2024Q4: 179,673 shares; 2025Q1: 179,673 shares 179,673$18M0.22%0Timeline
DTEDTE ENERGY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 190,544 shares; 2024Q4: 170,714 shares; 2025Q1: 127,666 shares 127,666$17.7M0.21%-43,048Timeline
PSXPHILLIPS 66Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 71,283 shares; 2024Q4: 67,253 shares; 2025Q1: 124,619 shares 124,619$15.4M0.19%+57,366Timeline
CTRACOTERRA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 482,792 shares; 2024Q4: 432,396 shares; 2025Q1: 514,385 shares 514,385$14.9M0.18%+81,989Timeline
NEXTNEXTDECADE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,890,612 shares; 2024Q4: 1,774,551 shares; 2025Q1: 1,753,186 shares 1,753,186$13.6M0.16%-21,365Timeline
DVNDEVON ENERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 244,149 shares; 2024Q4: 159,805 shares; 2025Q1: 329,426 shares 329,426$12.3M0.15%+169,621Timeline
COPCONOCOPHILLIPSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 118,672 shares; 2024Q4: 91,961 shares; 2025Q1: 106,076 shares 106,076$11.1M0.13%+14,115Timeline
FANGDIAMONDBACK ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,325 shares; 2024Q4: 81,661 shares; 2025Q1: 63,974 shares 63,974$10.2M0.12%-17,687Timeline
AESAES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,079,482 shares; 2024Q4: 708,155 shares; 2025Q1: 708,155 shares 708,155$8.8M0.11%0Timeline
OVVOVINTIV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 187,340 shares; 2024Q4: 187,340 shares; 2025Q1: 187,340 shares 187,340$8.02M0.1%0Timeline
XIFRXPLR INFRASTRUCTURE LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 954,684 shares; 2024Q4: not reported; 2025Q1: 672,561 shares 672,561$6.39M0.08%newTimeline
MPCMARATHON PETE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,275 shares; 2024Q4: 31,275 shares; 2025Q1: 31,275 shares 31,275$4.56M0.06%0Timeline
WLKPWESTLAKE CHEM PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 131,664 shares; 2024Q4: 126,724 shares; 2025Q1: 125,546 shares 125,546$2.9M0.04%-1,178Timeline
WECWEC ENERGY GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 19,901 shares 19,901$2.17M0.03%newTimeline
XELXCEL ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 174,151 shares; 2024Q4: not reported; 2025Q1: 30,463 shares 30,463$2.16M0.03%newTimeline
GLPGLOBAL PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,362 shares; 2024Q4: 24,362 shares; 2025Q1: 24,362 shares 24,362$1.3M0.02%0Timeline
GELGENESIS ENERGY L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 824,432 shares; 2024Q4: 811,374 shares; 2025Q1: 32,331 shares 32,331$507K0.01%-779,043Timeline
NGLNGL ENERGY PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 68,234 shares; 2024Q4: 68,234 shares; 2025Q1: 68,234 shares 68,234$310K<0.01%0Timeline
ECOFIN SUSTAINABLE & SOC IM…ECOFIN SUSTAINABLE & SOC IMP TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,362 shares; 2024Q4: 19,362 shares; 2025Q1: 19,362 shares 19,362$220K<0.01%0

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
ENLINK MIDSTREAM LLCENLINK MIDSTREAM LLC10,958,740$155Mshares
NFENEW FORTRESS ENERGY INC285,719$4.32Mshares
OXYOCCIDENTAL PETE CORP35,038$1.73Mshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001280965-25-000004 base2025-05-14acceptance time not in the bulk data set