TORTOISE CAPITAL ADVISORS, L.L.C.

PrivateCIK: 1280965

Location

OVERLAND PARK, KS

Positions

$9.84B

Total AUM (reported)

191.37M

Total Shares

Allocation by class

COM$5.78B58.8%

COM NEW$789.30M8.0%

COM UT LTD PTN$726.50M7.4%

COM UNIT REP LTD$591.49M6.0%

COMMON STOCK$436.69M4.4%

UNIT LTD PARTN$303.09M3.1%

COM UNIT LP INT$284.71M2.9%

Portfolio Concentration

Top 3$2.51B25.5%

4–10$3.77B38.4%

11–25$2.23B22.7%

Rest$1.32B13.5%

Top 3 weight

25.5%

Top 10 weight

63.9%

Voting Authority Distribution

Total shares with voting rights: 191.37M

Sole

Full voting authority

171.49M

% of voting shares89.6%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

19.89M

% of voting shares10.4%

Investment Discretion (by position count)

Sole89

Shared0

Other2

Dominant voting typeSole · 89.6% of voting shares

Institutional Holdings91

Rows:

Targa Resources Corp.

SOLE

COM

Shares3.53M

TypeSH

Market value$946.40M

9.62%

Sole

3.20M

Shared

0.00

None

331.61K

WILLIAMS COS INC COM

SOLE

COM

Shares11.25M

TypeSH

Market value$836.22M

8.50%

Sole

10.16M

Shared

0.00

None

1.09M

Energy Transfer LP

SOLE

COM UT LTD PTN

Shares38M

TypeSH

Market value$726.50M

7.39%

Sole

32.79M

Shared

0.00

None

5.21M

Cheniere Energy Inc.

SOLE

COM NEW

Shares2.94M

TypeSH

Market value$702.97M

7.15%

Sole

2.68M

Shared

0.00

None

261.02K

Enterprise Products Partners L

SOLE

COM

Shares18.64M

TypeSH

Market value$685.09M

6.96%

Sole

16.07M

Shared

0.00

None

2.57M

MPLX LP

SOLE

COM UNIT REP LTD

Shares10.50M

TypeSH

Market value$591.49M

6.01%

Sole

9.28M

Shared

0.00

None

1.22M

ONEOK Inc

SOLE

COM

Shares6.34M

TypeSH

Market value$551.55M

5.61%

Sole

5.68M

Shared

0.00

None

665.80K

TC Energy Corp.

SOLE

COM

Shares7.29M

TypeSH

Market value$483.54M

4.92%

Sole

6.32M

Shared

0.00

None

976.17K

DT Midstream Inc

SOLE

COMMON STOCK

Shares2.98M

TypeSH

Market value$436.69M

4.44%

Sole

2.76M

Shared

0.00

None

214.36K

Enbridge Inc

SOLE

COM

Shares5.96M

TypeSH

Market value$323.20M

3.29%

Sole

5.33M

Shared

0.00

None

631.77K

Plains All American Pipeline L

SOLE

UNIT LTD PARTN

Shares13.60M

TypeSH

Market value$302.81M

3.08%

Sole

10.66M

Shared

0.00

None

2.94M

Western Midstream Partners LP

SOLE

COM UNIT LP INT

Shares6.51M

TypeSH

Market value$284.71M

2.89%

Sole

5.95M

Shared

0.00

None

560.85K

Plains GP Holdings, L.P.

SOLE

LTD PARTNR INT A

Shares11.12M

TypeSH

Market value$269.80M

2.74%

Sole

11.12M

Shared

0.00

None

0.00

Antero Midstream Corporation

SOLE

COM

Shares10.18M

TypeSH

Market value$231.67M

2.36%

Sole

9.71M

Shared

0.00

None

475.51K

Pembina Pipeline Corporation

SOLE

COM

Shares4.62M

TypeSH

Market value$213.89M

2.17%

Sole

3.84M

Shared

0.00

None

783.37K

Hess Midstream LP

SOLE

CL A SHS

Shares4.24M

TypeSH

Market value$159.28M

1.62%

Sole

3.74M

Shared

0.00

None

492.64K

Kinder Morgan Inc

SOLE

COM

Shares4.21M

TypeSH

Market value$134.60M

1.37%

Sole

3.78M

Shared

0.00

None

430.13K

Entergy Corporation

SOLE

COM

Shares951.68K

TypeSH

Market value$109.31M

1.11%

Sole

951.68K

Shared

0.00

None

0.00

Venture Global Inc

SOLE

COM CL A

Shares9.56M

TypeSH

Market value$106.40M

1.08%

Sole

9.25M

Shared

0.00

None

309.15K

CONSTELLATION ENERGY CORP COM

SOLE

COM

Shares340.38K

TypeSH

Market value$84.54M

0.86%

Sole

340.38K

Shared

0.00

None

0.00

Sempra Energy

SOLE

COM

Shares814.19K

TypeSH

Market value$75.48M

0.77%

Sole

814.19K

Shared

0.00

None

0.00

Vistra Corp.

SOLE

COM

Shares424.04K

TypeSH

Market value$67.27M

0.68%

Sole

424.04K

Shared

0.00

None

0.00

Cheniere Energy Partners LP

SOLE

COM UNIT

Shares1.08M

TypeSH

Market value$65.86M

0.67%

Sole

870.78K

Shared

0.00

None

209.79K

Quanta Services Inc

SOLE

COM

Shares88.89K

TypeSH

Market value$64.01M

0.65%

Sole

88.89K

Shared

0.00

None

0.00

MasTec Inc

SOLE

COM

Shares143.73K

TypeSH

Market value$59.80M

0.61%

Sole

143.73K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
Targa Resources Corp.SOLE	COM	3.53M	SH	$946.40M 9.62%	3.20M	331.61K
WILLIAMS COS INC COMSOLE	COM	11.25M	SH	$836.22M 8.50%	10.16M	1.09M
Energy Transfer LPSOLE	COM UT LTD PTN	38M	SH	$726.50M 7.39%	32.79M	5.21M
Cheniere Energy Inc.SOLE	COM NEW	2.94M	SH	$702.97M 7.15%	2.68M	261.02K
Enterprise Products Partners LSOLE	COM	18.64M	SH	$685.09M 6.96%	16.07M	2.57M
MPLX LPSOLE	COM UNIT REP LTD	10.50M	SH	$591.49M 6.01%	9.28M	1.22M
ONEOK IncSOLE	COM	6.34M	SH	$551.55M 5.61%	5.68M	665.80K
TC Energy Corp.SOLE	COM	7.29M	SH	$483.54M 4.92%	6.32M	976.17K
DT Midstream IncSOLE	COMMON STOCK	2.98M	SH	$436.69M 4.44%	2.76M	214.36K
Enbridge IncSOLE	COM	5.96M	SH	$323.20M 3.29%	5.33M	631.77K
Plains All American Pipeline LSOLE	UNIT LTD PARTN	13.60M	SH	$302.81M 3.08%	10.66M	2.94M
Western Midstream Partners LPSOLE	COM UNIT LP INT	6.51M	SH	$284.71M 2.89%	5.95M	560.85K
Plains GP Holdings, L.P.SOLE	LTD PARTNR INT A	11.12M	SH	$269.80M 2.74%	11.12M	0.00
Antero Midstream CorporationSOLE	COM	10.18M	SH	$231.67M 2.36%	9.71M	475.51K
Pembina Pipeline CorporationSOLE	COM	4.62M	SH	$213.89M 2.17%	3.84M	783.37K
Hess Midstream LPSOLE	CL A SHS	4.24M	SH	$159.28M 1.62%	3.74M	492.64K
Kinder Morgan IncSOLE	COM	4.21M	SH	$134.60M 1.37%	3.78M	430.13K
Entergy CorporationSOLE	COM	951.68K	SH	$109.31M 1.11%	951.68K	0.00
Venture Global IncSOLE	COM CL A	9.56M	SH	$106.40M 1.08%	9.25M	309.15K
CONSTELLATION ENERGY CORP COMSOLE	COM	340.38K	SH	$84.54M 0.86%	340.38K	0.00
Sempra EnergySOLE	COM	814.19K	SH	$75.48M 0.77%	814.19K	0.00
Vistra Corp.SOLE	COM	424.04K	SH	$67.27M 0.68%	424.04K	0.00
Cheniere Energy Partners LPSOLE	COM UNIT	1.08M	SH	$65.86M 0.67%	870.78K	209.79K
Quanta Services IncSOLE	COM	88.89K	SH	$64.01M 0.65%	88.89K	0.00
MasTec IncSOLE	COM	143.73K	SH	$59.80M 0.61%	143.73K	0.00

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