1y return+14.5%S&P 500 +20.9%
3y return+35.6%S&P 500 +68.5%
5y return+25.1%S&P 500 +74.5%
10y return+87.8%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $188 against $357 in the S&P 500.2
Tortoise Investment Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| IVVIshares Tr | $107.0M | 8.0% | −1.6% |
| STIPIshares Tr | $92.0M | 6.9% | +7.2% |
| AVUSAmerican Centy Etf Tr | $53.2M | 4.0% | +6.0% |
| JMTGJ P Morgan Exchange Traded F | $35.7M | 2.7% | +14.6% |
| JMUBJ P Morgan Exchange Traded F | $33.6M | 2.5% | +12.4% |
| BTTBlackrock Mun Target Term Tr | $32.3M | 2.4% | +1.4% |
| VGLTVanguard Scottsdale Fds | $27.4M | 2.0% | +13.0% |
| SGOVIshares Tr | $26.5M | 2.0% | −8.9% |
| SCHPSchwab Strategic Tr | $25.9M | 1.9% | +5.3% |
| MTBASimplify Exchange Traded Fun | $25.9M | 1.9% | +2.4% |
| IEMGIshares Inc | $24.5M | 1.8% | −3.6% |
| SCHXSchwab Strategic Tr | $21.7M | 1.6% | −1.1% |
| DFAUDimensional Etf Trust | $20.9M | 1.6% | |
| VTVVanguard Index Fds | $19.7M | 1.5% | +1.7% |
| ITOTIshares Tr | $19.1M | 1.4% | |
| IWBIshares Tr | $19.0M | 1.4% | |
| VGITVanguard Scottsdale Fds | $18.8M | 1.4% | +12.6% |
| SPYState Str Spdr S&p 500 Etf T | $18.0M | 1.3% | −1.3% |
| BOXXEa Series Trust | $17.8M | 1.3% | +5.2% |
| SCHCSchwab Strategic Tr | $17.6M | 1.3% | +1.3% |
| SPEMSpdr Index Shs Fds | $17.4M | 1.3% | |
| SPYMSpdr Series Trust | $16.7M | 1.2% | −2.7% |
| VBILVanguard Instl Index Fd | $15.6M | 1.2% | |
| AAPLApple Inc | $14.9M | 1.1% | +1.5% |
| IEFAIshares Tr | $14.7M | 1.1% | −2.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AAPLApple Inc | June 30, 2020 | +217.3% | $14.9M |
| SPYMSpdr Series Trust | June 30, 2020 | +142.4% | $16.7M |
| SPYState Str Spdr S&p 500 Etf T | June 30, 2020 | +142.2% | $18.0M |
| IVVIshares Tr | June 30, 2020 | +141.8% | $107.0M |
| VVVanguard Index Fds | June 30, 2020 | +140.5% | $11.9M |
| IWBIshares Tr | June 30, 2020 | +138.5% | $19.0M |
| SCHXSchwab Strategic Tr | June 30, 2020 | +138.3% | $21.7M |
| ITOTIshares Tr | June 30, 2020 | +136.6% | $19.1M |
| VTIVanguard Index Fds | June 30, 2020 | +136.4% | $14.3M |
| VTVVanguard Index Fds | June 30, 2020 | +118.8% | $19.7M |
Sold off last quarter
- VCSHVanguard Scottsdale Fds was $399K
- TAt&t Inc was $284K
- JSCPJ P Morgan Exchange Traded F was $269K
- Honeywell Intl IncCUSIP 438516106 was $250K
- XLFSelect Sector Spdr Tr was $215K
- WOODIshares Tr was $206K
- VZVerizon Communications Inc was $203K
- EPDEnterprise Prods Partners L was $201K
- ZBRAZebra Technologies Corporati was $200K
- SOFISofi Technologies Inc was $88K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +8.0% | +14.8% |
| March 31, 2026 | −0.6% | −4.6% |
| December 31, 2025 | +1.2% | +2.4% |
| September 30, 2025 | +5.4% | +7.8% |
| June 30, 2025 | +5.4% | +10.5% |
| March 31, 2025 | −0.4% | −4.6% |
| December 31, 2024 | −2.4% | +2.1% |
| September 30, 2024 | +5.7% | +5.4% |
| June 30, 2024 | +0.9% | +4.0% |
| March 31, 2024 | +4.3% | +10.0% |
| December 31, 2023 | +8.1% | +11.2% |
| September 30, 2023 | −3.9% | −3.6% |
| June 30, 2023 | +3.0% | +8.3% |
| March 31, 2023 | +4.6% | +7.0% |
| December 31, 2022 | +6.3% | +7.1% |
| September 30, 2022 | −6.0% | −5.3% |
| June 30, 2022 | −12.0% | −16.5% |
| March 31, 2022 | −5.3% | −4.9% |
| December 31, 2021 | +4.3% | +10.7% |
| September 30, 2021 | −1.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Tortoise Investment Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1599511&type=13F-HR&dateb=&owner=include&count=40CIK 1599511
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1599511/000159951126000003/Filed August 7, 2026 · accession 0001599511-26-000003