Tortoise Investment Management, LLC

CIK 0001599511 · Q2 2026

13F Equity AUM

$1.3B

+10.8% QoQ

Positions

252

+7 QoQ

AUM Rank

#2,895

Top 23%

Skill Alpha (FF)

-1.6%/yr^ns

No Clear Edge

Rank #5,169 · Top 62%

vs S&P -5.6%/yr (unadj.)

Quarters Tracked

~12 years

Portfolio Concentration

Top 5: 24.0%Top 10: 34.3%Top 20: 49.0%

IVV8.0%

STIP6.9%

AVUS4.0%

JMTG2.7%

JMUB2.5%

BTT2.4%

VGLT2.0%

SGOV2.0%

SCHP1.9%

MTBA1.9%

Others (242)65.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services94.7%

Other5.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 252Median: 0.09%Avg: 0.40%

0–0.5%

198(20.7%)

0.5–1%

21(16.1%)

1–3%

30(44.4%)

3–5%

1(4.0%)

5%+

2(14.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 252vs 20 funds

0%Low

252

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New20Increased106Decreased91Exited14

New Positions

NYM0.4%

+201K

JOYT0.1%

+13K

YNDX0.0%

+2K

AMD0.0%

+815

JMBS0.0%

+12K

AMAT0.0%

+535

CAM0.0%

+9K

MU0.0%

+206

USMV0.0%

+2K

BAC0.0%

+4K

Increased

JMTG2.7%

+90K(+15%)

FTNY0.2%

+75K(+27%)

JPIE0.3%

+74K(+1350%)

JMUB2.5%

+73K(+12%)

STIP6.9%

+61K(+7%)

VGLT2.0%

+57K(+13%)

SCHP1.9%

+49K(+5%)

MLN0.8%

+38K(+6%)

BAB0.9%

+36K(+8%)

VGIT1.4%

+36K(+13%)

Decreased

SPY1.3%

-1,298,518(-97%)

AXSM0.0%

-79,194(-97%)

SGOV2.0%

-25,835(-9%)

SCHO0.1%

-22,848(-30%)

VGSH0.2%

-15,179(-25%)

NUW0.6%

-14,042(-3%)

TLT0.2%

-13,589(-31%)

DMBS0.1%

-12,517(-39%)

CARY1.0%

-11,620(-2%)

NNY0.3%

-11,500(-2%)

Exited

-5,030

-4,347

-1,108

-2,900

-9,808

-957

-5,695

-4,036

-5,300

-55,527

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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