TORTOISE CAPITAL ADVISORS, L.L.C.

Filed: 8/14/2025ACC: 0001280965-25-000005

📋 What this filing means

TORTOISE CAPITAL ADVISORS, L.L.C. filed this quarterly 13F‑HR report disclosing 55 equity positions with a total reported market value of $7.67B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$7.67B

Total AUM (reported)

184.62M

Total Shares

Allocation by class

CS$4.99B65.1%

LP$2.68B34.9%

COM SH BEN INT$237.1K0.0%

Portfolio Concentration

Top 3$2.04B26.6%

4–10$3.10B40.4%

11–25$2.15B28.1%

Rest$379.50M5.0%

Top 3 weight

26.6%

Top 10 weight

67.0%

Voting Authority Distribution

Total shares with voting rights: 184.62M

Sole

Full voting authority

166.46M

% of voting shares90.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

18.16M

% of voting shares9.8%

Investment Discretion (by position count)

Sole55

Shared0

Other0

Dominant voting typeSole · 90.2% of voting shares

Institutional Holdings55

Rows:

WILLIAMS COS INC COM

SOLE

Shares10.86M

TypeSH

Market value$681.89M

8.90%

Sole

9.73M

Shared

0.00

None

1.12M

MPLX LP

SOLE

Shares13.19M

TypeSH

Market value$679.46M

8.86%

Sole

11.72M

Shared

0.00

None

1.47M

Energy Transfer LP

SOLE

Shares37.28M

TypeSH

Market value$675.80M

8.82%

Sole

32.08M

Shared

0.00

None

5.19M

Cheniere Energy Inc.

SOLE

Shares2.72M

TypeSH

Market value$663.16M

8.65%

Sole

2.45M

Shared

0.00

None

272.74K

Targa Resources Corp.

SOLE

Shares2.85M

TypeSH

Market value$495.54M

6.46%

Sole

2.59M

Shared

0.00

None

258.29K

Enterprise Products Partners L

SOLE

Shares14.90M

TypeSH

Market value$461.95M

6.03%

Sole

12.81M

Shared

0.00

None

2.08M

TC Energy Corp.

SOLE

Shares8.87M

TypeSH

Market value$432.79M

5.65%

Sole

7.72M

Shared

0.00

None

1.15M

ONEOK Inc

SOLE

Shares5.13M

TypeSH

Market value$418.75M

5.46%

Sole

4.58M

Shared

0.00

None

549.96K

Enbridge Inc

SOLE

Shares7.47M

TypeSH

Market value$338.56M

4.42%

Sole

6.82M

Shared

0.00

None

647.61K

Western Midstream Partners LP

SOLE

Shares7.42M

TypeSH

Market value$287.03M

3.74%

Sole

6.76M

Shared

0.00

None

657.72K

DT Midstream Inc

SOLE

Shares2.56M

TypeSH

Market value$281.59M

3.67%

Sole

2.37M

Shared

0.00

None

194.19K

Kinder Morgan Inc

SOLE

Shares9.37M

TypeSH

Market value$275.41M

3.59%

Sole

8.92M

Shared

0.00

None

450.08K

Hess Midstream LP

SOLE

Shares7.15M

TypeSH

Market value$275.39M

3.59%

Sole

6.53M

Shared

0.00

None

618.56K

Plains GP Holdings, L.P.

SOLE

Shares11.64M

TypeSH

Market value$226.12M

2.95%

Sole

11.64M

Shared

0.00

None

0.00

Antero Midstream Corporation

SOLE

Shares10.92M

TypeSH

Market value$206.97M

2.70%

Sole

10.43M

Shared

0.00

None

491.99K

Plains All American Pipeline L

SOLE

Shares9.49M

TypeSH

Market value$173.81M

2.27%

Sole

7.43M

Shared

0.00

None

2.06M

Pembina Pipeline Corporation

SOLE

Shares3.87M

TypeSH

Market value$145.34M

1.90%

Sole

3.79M

Shared

0.00

None

82.49K

Sempra Energy

SOLE

Shares1.42M

TypeSH

Market value$107.92M

1.41%

Sole

1.42M

Shared

0.00

None

0.00

Clearway Energy, Inc.

SOLE

Shares2.85M

TypeSH

Market value$91.20M

1.19%

Sole

2.85M

Shared

0.00

None

0.00

EVERGY INC COM

SOLE

Shares1.27M

TypeSH

Market value$87.48M

1.14%

Sole

1.27M

Shared

0.00

None

0.00

Sunoco LP

SOLE

Shares1.40M

TypeSH

Market value$75.28M

0.98%

Sole

1.29M

Shared

0.00

None

113.02K

Vistra Energy Corp.

SOLE

Shares347.54K

TypeSH

Market value$67.36M

0.88%

Sole

347.54K

Shared

0.00

None

0.00

CONSTELLATION ENERGY CORP COM

SOLE

Shares158.98K

TypeSH

Market value$51.31M

0.67%

Sole

158.98K

Shared

0.00

None

0.00

Cheniere Energy Partners LP

SOLE

Shares803.04K

TypeSH

Market value$45.01M

0.59%

Sole

671.08K

Shared

0.00

None

131.96K

Venture Global Inc

SOLE

Shares2.65M

TypeSH

Market value$41.30M

0.54%

Sole

2.42M

Shared

0.00

None

230.40K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
WILLIAMS COS INC COMSOLE	cs	10.86M	SH	$681.89M 8.90%	9.73M	1.12M
MPLX LPSOLE	lp	13.19M	SH	$679.46M 8.86%	11.72M	1.47M
Energy Transfer LPSOLE	lp	37.28M	SH	$675.80M 8.82%	32.08M	5.19M
Cheniere Energy Inc.SOLE	cs	2.72M	SH	$663.16M 8.65%	2.45M	272.74K
Targa Resources Corp.SOLE	cs	2.85M	SH	$495.54M 6.46%	2.59M	258.29K
Enterprise Products Partners LSOLE	lp	14.90M	SH	$461.95M 6.03%	12.81M	2.08M
TC Energy Corp.SOLE	cs	8.87M	SH	$432.79M 5.65%	7.72M	1.15M
ONEOK IncSOLE	cs	5.13M	SH	$418.75M 5.46%	4.58M	549.96K
Enbridge IncSOLE	cs	7.47M	SH	$338.56M 4.42%	6.82M	647.61K
Western Midstream Partners LPSOLE	lp	7.42M	SH	$287.03M 3.74%	6.76M	657.72K
DT Midstream IncSOLE	cs	2.56M	SH	$281.59M 3.67%	2.37M	194.19K
Kinder Morgan IncSOLE	cs	9.37M	SH	$275.41M 3.59%	8.92M	450.08K
Hess Midstream LPSOLE	lp	7.15M	SH	$275.39M 3.59%	6.53M	618.56K
Plains GP Holdings, L.P.SOLE	cs	11.64M	SH	$226.12M 2.95%	11.64M	0.00
Antero Midstream CorporationSOLE	cs	10.92M	SH	$206.97M 2.70%	10.43M	491.99K
Plains All American Pipeline LSOLE	lp	9.49M	SH	$173.81M 2.27%	7.43M	2.06M
Pembina Pipeline CorporationSOLE	cs	3.87M	SH	$145.34M 1.90%	3.79M	82.49K
Sempra EnergySOLE	cs	1.42M	SH	$107.92M 1.41%	1.42M	0.00
Clearway Energy, Inc.SOLE	cs	2.85M	SH	$91.20M 1.19%	2.85M	0.00
EVERGY INC COMSOLE	cs	1.27M	SH	$87.48M 1.14%	1.27M	0.00
Sunoco LPSOLE	lp	1.40M	SH	$75.28M 0.98%	1.29M	113.02K
Vistra Energy Corp.SOLE	cs	347.54K	SH	$67.36M 0.88%	347.54K	0.00
CONSTELLATION ENERGY CORP COMSOLE	cs	158.98K	SH	$51.31M 0.67%	158.98K	0.00
Cheniere Energy Partners LPSOLE	lp	803.04K	SH	$45.01M 0.59%	671.08K	131.96K
Venture Global IncSOLE	cs	2.65M	SH	$41.30M 0.54%	2.42M	230.40K

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