Tortoise Investment Management, LLC Q3 2025 Filing

Filed November 13, 2025

Portfolio Value

$1.1B

Holdings

1,538

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (1,538 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	IVVISHARES TR	151,604	$101.5M	9.04%
2	STIPISHARES TR	529,770	$54.8M	4.88%
3	AVUSAMERICAN CENTY ETF TR	343,783	$37.4M	3.33%
4	SGOVISHARES TR	311,547	$31.4M	2.79%
5	BTTBLACKROCK MUN TARGET TERM TR	1,222,601	$27.5M	2.45%
6	VGLTVANGUARD SCOTTSDALE FDS	426,948	$24.3M	2.16%
7	JMUBJ P MORGAN EXCHANGE TRADED F	476,369	$24.0M	2.14%
8	SCHPSCHWAB STRATEGIC TR	849,076	$22.9M	2.04%
9	MTBASIMPLIFY EXCHANGE TRADED FUN	418,318	$21.1M	1.88%
10	IEMGISHARES INC	315,246	$20.8M	1.85%
11	DMBSDOUBLELINE ETF TRUST	403,640	$20.1M	1.79%
12	SCHXSCHWAB STRATEGIC TR	742,370	$19.6M	1.74%
13	ITOTISHARES TR	128,253	$18.7M	1.66%
14	IWBISHARES TR	48,423	$17.7M	1.58%
15	DFAUDIMENSIONAL ETF TRUST	367,366	$16.8M	1.50%
16	SPYSPDR S&P 500 ETF TR	41,739	$16.2M	1.45%	Put
17	DGSWISDOMTREE TR	277,597	$15.9M	1.41%
18	VTVVANGUARD INDEX FDS	84,475	$15.8M	1.40%
19	SCHCSCHWAB STRATEGIC TR	345,311	$15.7M	1.40%
20	BOXXEA SERIES TRUST	136,456	$15.5M	1.38%
21	SPEMSPDR INDEX SHS FDS	320,969	$15.0M	1.34%
22	AQLTISHARES TR	159,927	$14.0M	1.24%
23	AAPLAPPLE INC	64,487	$13.9M	1.24%	Put
24	VTIVANGUARD INDEX FDS	39,494	$13.0M	1.15%
25	CARYANGEL OAK FUNDS TRUST	616,106	$12.9M	1.15%
26	DCREDOUBLELINE ETF TRUST	240,961	$12.5M	1.12%
27	IJRISHARES TR	101,085	$12.0M	1.07%
28	DFACDIMENSIONAL ETF TRUST	292,070	$11.3M	1.00%
29	BABINVESCO EXCH TRADED FD TR II	393,386	$10.7M	0.96%
30	SCHHSCHWAB STRATEGIC TR	495,307	$10.7M	0.95%
31	IUSVISHARES TR	106,769	$10.7M	0.95%
32	SPDWSPDR INDEX SHS FDS	246,281	$10.5M	0.94%
33	DFAIDIMENSIONAL ETF TRUST	288,251	$10.5M	0.93%
34	DFAEDIMENSIONAL ETF TRUST	331,676	$10.5M	0.93%
35	VEAVANGUARD TAX-MANAGED FDS	170,996	$10.2M	0.91%
36	VWOVANGUARD INTL EQUITY INDEX F	180,968	$9.8M	0.87%
37	NUWNUVEEN AMT-FREE MUN VALUE FD	683,819	$9.7M	0.86%
38	VVVANGUARD INDEX FDS	30,413	$9.4M	0.83%
39	BRK/BBERKSHIRE HATHAWAY INC DEL	18,534	$9.3M	0.83%
40	SPYMSPDR SERIES TRUST	117,973	$9.2M	0.82%
41	AVEMAMERICAN CENTY ETF TR	121,955	$9.2M	0.82%
42	JMSTJ P MORGAN EXCHANGE TRADED F	175,240	$8.9M	0.80%
43	MLNVANECK ETF TRUST	511,476	$8.9M	0.80%
44	SPSMSPDR SERIES TRUST	192,868	$8.9M	0.80%
45	DFSVDIMENSIONAL ETF TRUST	264,068	$8.4M	0.75%
46	DFIVDIMENSIONAL ETF TRUST	179,502	$8.3M	0.74%
47	JAAAJANUS DETROIT STR TR	152,580	$7.7M	0.69%
48	PGRPROGRESSIVE CORP	29,959	$7.4M	0.66%
49	AVUVAMERICAN CENTY ETF TR	69,475	$6.9M	0.62%
50	SCHASCHWAB STRATEGIC TR	243,319	$6.8M	0.60%
51	NNYNUVEEN N Y MUN VALUE FD	804,281	$6.6M	0.59%
52	DFUSDIMENSIONAL ETF TRUST	90,601	$6.6M	0.58%
53	IVEISHARES TR	30,343	$6.3M	0.56%
54	AVIVAMERICAN CENTY ETF TR	92,332	$6.2M	0.55%
55	PZAINVESCO EXCH TRADED FD TR II	264,482	$6.1M	0.54%
56	DFEVDIMENSIONAL ETF TRUST	189,754	$6.1M	0.54%
57	NIMNUVEEN SELECT MAT MUN FD	627,313	$5.8M	0.52%
58	DFSDDIMENSIONAL ETF TRUST	112,756	$5.4M	0.48%
59	DFASDIMENSIONAL ETF TRUST	77,575	$5.3M	0.47%
60	MBBISHARES TR	51,886	$4.9M	0.44%
61	DONSPDR DOW JONES INDL AVERAGE	10,402	$4.8M	0.43%
62	DUHPDIMENSIONAL ETF TRUST	124,426	$4.7M	0.42%
63	VSSVANGUARD INTL EQUITY INDEX F	32,640	$4.7M	0.41%
64	IXUSISHARES TR	55,074	$4.5M	0.41%
65	VBRVANGUARD INDEX FDS	21,149	$4.4M	0.39%
66	EWXSPDR INDEX SHS FDS	62,563	$4.2M	0.37%
67	AVDVAMERICAN CENTY ETF TR	46,303	$4.1M	0.37%
68	AVESAMERICAN CENTY ETF TR	70,509	$4.0M	0.36%
69	SCHBSCHWAB STRATEGIC TR	154,556	$4.0M	0.35%
70	NUVNUVEEN MUN VALUE FD INC	436,955	$3.9M	0.35%
71	TLTISHARES TR	42,683	$3.8M	0.34%
72	MSFTMICROSOFT CORP	7,102	$3.7M	0.33%
73	MEARISHARES U S ETF TR	70,610	$3.6M	0.32%
74	VOOVANGUARD INDEX FDS	5,753	$3.5M	0.31%
75	VBVANGUARD INDEX FDS	13,738	$3.5M	0.31%
76	LTBRLIGHTBRIDGE CORP	163,521	$3.5M	0.31%
77	VTEBVANGUARD MUN BD FDS	67,189	$3.4M	0.30%
78	SCHFSCHWAB STRATEGIC TR	144,275	$3.4M	0.30%
79	VEUVANGUARD INTL EQUITY INDEX F	44,583	$3.2M	0.28%
80	IJSISHARES TR	27,256	$3.0M	0.27%
81	SLYVSPDR SERIES TRUST	33,868	$3.0M	0.27%
82	QUALISHARES TR	15,319	$3.0M	0.27%
83	DIHPDIMENSIONAL ETF TRUST	95,940	$2.9M	0.26%
84	LTPZPIMCO ETF TR	52,431	$2.8M	0.25%
85	AVDEAMERICAN CENTY ETF TR	34,735	$2.7M	0.24%
86	SCHESCHWAB STRATEGIC TR	77,154	$2.6M	0.23%
87	JPMJPMORGAN CHASE & CO.	8,067	$2.5M	0.23%
88	SCHVSCHWAB STRATEGIC TR	84,234	$2.5M	0.22%
89	AVLVAMERICAN CENTY ETF TR	33,340	$2.4M	0.21%
90	OEFISHARES TR	7,140	$2.4M	0.21%
91	SCHOSCHWAB STRATEGIC TR	77,386	$1.9M	0.17%
92	SPTLSPDR SERIES TRUST	68,032	$1.8M	0.16%
93	VGSHVANGUARD SCOTTSDALE FDS	31,029	$1.8M	0.16%
94	SCHRSCHWAB STRATEGIC TR	72,580	$1.8M	0.16%
95	WULFTERAWULF INC	153,218	$1.7M	0.16%
96	ESGVVANGUARD WORLD FD	14,633	$1.7M	0.15%
97	NVDANVIDIA CORPORATION	9,158	$1.7M	0.15%
98	IJHISHARES TR	25,934	$1.7M	0.15%
99	NDQINVESCO QQQ TR	2,668	$1.6M	0.14%
100	EFAISHARES TR	16,358	$1.5M	0.14%

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