MAGELLAN MIDSTREAM PARTNERS,L. TORTOISE INDEX SOLUTIONS LLC holding in Form 13-F
TORTOISE INDEX SOLUTIONS LLC reported holding of MMP
This chart displays the historical ownership data of MMP by TORTOISE INDEX SOLUTIONS LLC. At the end of Q3 2015 the holding was valued at $299,000.
| Date | Holding Value |
|---|---|
| 299000 | |
| 2087000 | |
| 1735000 | |
| 2374000 | |
| 2677000 | |
| 4748000 | |
| 5925000 | |
| 6337000 | |
| 6447000 | |
| 9679000 | |
| 9547000 | |
| 6636000 | |
| 5697000 | |
| 7488000 | |
| 7797000 | |
| 9507000 | |
| 7345000 | |
| 7807000 | |
| 8864000 | |
| 9324000 | |
| 9266000 | |
| 1372428 | |
| 11644359 | |
| 11855383 | |
| 0 |
About MAGELLAN MIDSTREAM PARTNERS L
Magellan Midstream Partners, L.P. is a Delaware limited partnership specializing in the transportation, storage, and distribution of refined petroleum products and crude oil. The company operates a significant network of pipelines and storage terminals, making it a key player in the midstream energy sector in the United States.
The company's refined products segment includes a 9,800-mile pipeline system, which is the longest common carrier pipeline system for refined products in the U.S. This system includes 54 terminals and two marine storage terminals, with a combined storage capacity of 47 million barrels. Its crude oil segment comprises approximately 2,200 miles of pipelines, a condensate splitter, and 39 million barrels of storage capacity. Notable assets include the Galena Park and Pasadena marine terminals located along the Houston Ship Channel.
Magellan generates revenue primarily through transportation tariffs on volumes shipped via its pipelines, as well as from terminalling and storage services. Additional revenue streams include blending and fractionating transmix into usable refined products, and providing pipeline capacity and tank storage services to its customers. The company's clientele ranges from refiners and wholesalers to retailers, traders, railroads, airlines, and regional farm cooperatives.
The company operates several joint ventures, including Powder Springs Logistics, LLC, Texas Frontera, LLC, and MVP Terminalling, LLC, through which it holds ownership interests in various terminals and storage facilities. Magellan's competitive edge lies in its transportation charges, quality of customer service, proximity to end users, and long-standing customer relationships.
Magellan's crude oil assets are strategically positioned to serve major supply and demand centers, with significant operations in the Permian Basin via its Longhorn and BridgeTex pipelines. These pipelines deliver crude oil to trading hubs in the Houston area. The company also operates a condensate splitter at its Corpus Christi terminal, processing condensate from the Eagle Ford basin.
The company faces competition from other pipeline systems and alternative transportation modes like truck, rail, and barge. It is subject to regulation by the Federal Energy Regulatory Commission (FERC) and state authorities, which set rates and terms for its services. Magellan is also governed by commodity market regulations that prevent market manipulation and require compliance with laws related to hedging commodity price exposures.
Magellan Midstream Partners, L.P. is publicly traded on the New York Stock Exchange under the ticker symbol MMP. The company places a strong emphasis on employee training and development and is committed to maintaining robust environmental, health, and safety policies. Its operations are designed to ensure the safe and efficient transportation and storage of petroleum products, with periodic reviews and audits conducted by regulatory bodies and third-party inspectors.
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TORTOISE INDEX SOLUTIONS LLC reported holdings of MMP from Q3 2015 to Q3 2023
| Reporting period | Holding Type | Market Value | % of portfolio | Shares | Change in shares | % Change in shares |
|---|---|---|---|---|---|---|
| Q3 2015 | Stock | $299,000 | 1.47% | 4,976 | 616 | 14.13% |
| Q4 2017 | Stock | $2,087,000 | 1.86% | 29,423 | 24,447 | 491.3% |
| Q1 2018 | Stock | $1,735,000 | 1.6% | 29,740 | 317 | 1.08% |
| Q2 2018 | Stock | $2,374,000 | 1.7% | 34,373 | 4,633 | 15.58% |
| Q3 2018 | Stock | $2,677,000 | 1.75% | 39,533 | 5,160 | 15.01% |
| Q4 2018 | Stock | $4,748,000 | 1.8% | 83,210 | 43,677 | 110.48% |
| Q1 2019 | Stock | $5,925,000 | 1.76% | 97,716 | 14,506 | 17.43% |
| Q2 2019 | Stock | $6,337,000 | 1.87% | 99,019 | 1,303 | 1.33% |
| Q3 2019 | Stock | $6,447,000 | 1.94% | 97,281 | -1,738 | -1.76% |
| Q4 2019 | Stock | $9,679,000 | 2.09% | 153,957 | 56,676 | 58.26% |
| Q1 2020 | Stock | $9,547,000 | 3.9% | 261,634 | 107,677 | 69.94% |
| Q2 2020 | Stock | $6,636,000 | 2.31% | 153,725 | -107,909 | -41.24% |
| Q3 2020 | Stock | $5,697,000 | 2.19% | 166,570 | 12,845 | 8.36% |
| Q4 2020 | Stock | $7,488,000 | 2.11% | 176,434 | 9,864 | 5.92% |
| Q1 2021 | Stock | $7,797,000 | 1.87% | 179,810 | 3,376 | 1.91% |
| Q2 2021 | Stock | $9,507,000 | 1.99% | 194,386 | 14,576 | 8.11% |
| Q3 2021 | Stock | $7,345,000 | 1.74% | 161,151 | -33,235 | -17.1% |
| Q4 2021 | Stock | $7,807,000 | 1.72% | 168,107 | 6,956 | 4.32% |
| Q1 2022 | Stock | $8,864,000 | 1.6% | 180,647 | 12,540 | 7.46% |
| Q2 2022 | Stock | $9,324,000 | 1.76% | 195,227 | 14,580 | 8.07% |
| Q3 2022 | Stock | $9,266,000 | 1.8% | 195,039 | -188 | -0.1% |
| Q4 2022 | Stock | $1,372,428 | 0.24% | 247,206 | 52,167 | 26.75% |
| Q1 2023 | Stock | $11,644,359 | 2.22% | 214,603 | -32,603 | -13.19% |
| Q2 2023 | Stock | $11,855,383 | 2.42% | 190,234 | -24,369 | -11.36% |
| Q3 2023 | Stock | $0 | 0 | 0 | -190,234 | -100.0% |