Tortoise Global Water Fund (TBLU) Holdings
TBLU holdings summary
as of Oct 25, 2026- Holdings
- 60 positions listed
- Top 10 weight
- 63.0% of net assets
- Effective holdings
- 20 equal-weight equivalent
- Largest holding
- VLTO 8.17% Veralto Corporation
- Annual turnover
- — of the portfolio traded
All TBLU holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | VLTO | Veralto Corporation | Industrials | 8.17% | $4.6M | $24.63B | 25.8 |
| 2 | ECL | Ecolab Inc. | Basic Materials | 8.14% | $4.5M | $80.98B | 38.8 |
| 3 | FERG | Ferguson plc | Industrials | 7.42% | $4.1M | $44.81B | 22.8 |
| 4 | AWK | American Water Works Company, Inc. | Utilities | 7.42% | $4.1M | $26.82B | 23.4 |
| 5 | XYL | Xylem Inc. | Industrials | 7.37% | $4.1M | $24.29B | 24.8 |
| 6 | VIE | Veolia Environnement VE SA | Industrials | 7.27% | $4.1M | — | — |
| 7 | SBS | Companhia de Saneamento Básico do Estado de São Paulo - SABESP | Utilities | 4.67% | $2.6M | $22.01B | 14.2 |
| 8 | UU | United Utilities Group PLC | Utilities | 4.56% | $2.5M | — | — |
| 9 | GEBN | Geberit AG | Industrials | 3.99% | $2.2M | — | — |
| 10 | WTRG | Essential Utilities, Inc. | Utilities | 3.94% | $2.2M | $11.58B | 20.8 |
| 11 | SVT | Severn Trent PLC | Utilities | 3.90% | $2.2M | — | — |
| 12 | IEX | IDEX Corporation | Industrials | 3.81% | $2.1M | $17.36B | 33.9 |
| 13 | BEAN | Belimo Holding | Industrials | 3.09% | $1.7M | — | — |
| 14 | STN | Stantec Inc | Industrials | 2.95% | $1.6M | — | — |
| 15 | GF | Georg Fischer AG | Industrials | 1.87% | $1.0M | — | — |
| 16 | 6370 | Kurita Water Industries Ltd | Industrials | 1.35% | $754,879.01 | — | — |
| 17 | WMS | Advanced Drainage Systems, Inc. | Industrials | 1.16% | $645,804.38 | $9.67B | 21.8 |
| 18 | WTS | Watts Water Technologies, Inc. | Industrials | 1.16% | $645,581.32 | $11.91B | 31.2 |
| 19 | TTEK | Tetra Tech, Inc. | Industrials | 1.12% | $624,892.83 | $8.89B | 20.9 |
| 20 | PNR | Pentair plc | Industrials | 1.11% | $616,249.39 | $8.53B | 13.8 |
| 21 | 0270 | Guangdong Investment Ltd | Utilities | 1.04% | $582,010.21 | — | — |
| 22 | 5938 | Lixil Group | Industrials | 1.02% | $567,455.78 | — | — |
| 23 | CNM | Core & Main, Inc. | Industrials | 0.93% | $520,335.09 | $7.74B | 17.3 |
| 24 | 5947 | Rinnai Corporation | Consumer Cyclical | 0.86% | $479,794.57 | — | — |
| 25 | ZWS | Zurn Elkay Water Solutions Corporation | Industrials | 0.85% | $475,779.55 | $7.81B | 29.2 |
| 26 | AOS | A. O. Smith Corporation | Industrials | 0.85% | $475,277.67 | $8.05B | 16.5 |
| 27 | PNN | Pennon Group Plc | Utilities | 0.80% | $448,120.54 | — | — |
| 28 | 6005 | Miura Co Ltd | Industrials | 0.78% | $432,339.29 | — | — |
| 29 | 6368 | Organo Corp | Industrials | 0.68% | $379,697.95 | — | — |
| 30 | FBIN | Fortune Brands Innovations, Inc. | Industrials | 0.67% | $371,110.28 | $4.78B | 32.3 |
| 31 | PRMB | Primo Brands Corporation | Consumer Defensive | 0.67% | $370,942.99 | $7.14B | 65.7 |
| 32 | BMI | Badger Meter, Inc. | Technology | 0.51% | $281,999.20 | $3.67B | 29.6 |
| 33 | FELE | Franklin Electric Co., Inc. | Industrials | 0.51% | $281,999.20 | $4.43B | 28.9 |
| 34 | OTTR | Otter Tail Corporation | Industrials | 0.45% | $250,659.76 | $3.78B | 19.5 |
| 35 | MWA | Mueller Water Products, Inc. | Industrials | 0.44% | $246,923.56 | $3.40B | 15.3 |
| 36 | 6498 | Kitz Corp | Industrials | 0.43% | $240,510.69 | — | — |
| 37 | AWR | American States Water Company | Utilities | 0.42% | $235,045.80 | $3.31B | 22.9 |
| 38 | CWT | California Water Service Group | Utilities | 0.35% | $195,620.56 | $2.87B | 20.8 |
| 39 | FGXXX | First American Funds Inc. - Government Obligations Fund | Other | 0.34% | $190,880.61 | — | — |
| 40 | 0371 | Beijing Enterprises Water Group Ltd | Utilities | 0.34% | $187,980.88 | — | — |
| 41 | HAYW | Hayward Holdings, Inc. | Industrials | 0.32% | $176,605.00 | $2.51B | 16.2 |
| 42 | GEN | Genuit Group plc | Industrials | 0.30% | $167,069.33 | — | — |
| 43 | WTTR | Select Energy Services, Inc. | Energy | 0.27% | $150,674.68 | $2.65B | 66.4 |
| 44 | SJW | SJW Group Common Stock | Utilities | 0.26% | $143,090.76 | — | — |
| 45 | 6254 | Nomura Micro Science Co Ltd | Industrials | 0.24% | $133,053.21 | — | — |
| 46 | WBI | WaterBridge Infrastructure LLC | Energy | 0.20% | $111,807.08 | $3.52B | 356.1 |
| 47 | 6332 | Tsukishima Kikai Co Ltd | Industrials | 0.18% | $98,535.22 | — | — |
| 48 | GRC | The Gorman-Rupp Company | Industrials | 0.17% | $95,022.08 | $1.90B | 30.3 |
| 49 | 9551 | Metawater Co Ltd | Industrials | 0.16% | $88,163.09 | — | — |
| 50 | LNN | Lindsay Corporation | Industrials | 0.14% | $80,746.46 | $1.09B | 20.6 |
| 51 | 2128 | China Lesso Group Holdings Ltd | Industrials | 0.14% | $76,787.21 | — | — |
| 52 | MSEX | Middlesex Water Company | Utilities | 0.13% | $72,326.08 | $1.03B | 21.1 |
| 53 | NWPX | NWPX Infrastructure, Inc. | Basic Materials | 0.11% | $62,232.77 | $940.7M | 19.6 |
| 54 | 9755 | Oyo Corp | Industrials | 0.10% | $58,329.28 | — | — |
| 55 | YORW | The York Water Company | Utilities | 0.06% | $33,681.53 | $502.1M | 19.2 |
| 56 | MEG | Montrose Environmental Grp | Industrials | 0.06% | $31,116.38 | — | — |
| 57 | CWCO | Consolidated Water Co. Ltd. | Utilities | 0.05% | $29,778.04 | $452.2M | 27.7 |
| 58 | ERII | Energy Recovery, Inc. | Industrials | 0.04% | $22,751.76 | $339.4M | 25.6 |
| 59 | CDZI | Cadiz Inc. | Industrials | 0.03% | $15,279.37 | $327.7M | — |
Weights as a percentage of net assets. Value held = weight × net assets ($55.8M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
TBLU sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Industrials | 61.3% | 37 | VLTO, FERG, XYL |
| Utilities | 27.9% | 14 | AWK, SBS, UU |
| Basic Materials | 8.2% | 2 | ECL, NWPX |
| Consumer Cyclical | 0.9% | 1 | 5947 |
| Consumer Defensive | 0.7% | 1 | PRMB |
| Technology | 0.5% | 1 | BMI |
| Energy | 0.5% | 2 | WTTR, WBI |
| Other | 0.3% | 1 | FGXXX |
Sum of the weights of the holdings in each sector.
TBLU top industries
TBLU overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| AQWA | Global X Clean Water ETF | 47.9% | 30 of 40 | 0.52% |
| IWM | iShares Russell 2000 ETF | 1.3% | 16 of 1,962 | 0.19% |
| VTI | Vanguard Total Stock Market ETF | 0.4% | 35 of 2,941 | 0.03% |
| SPY | SPDR S&P 500 ETF | 0.3% | 9 of 502 | 0.09% |
| VXUS | Vanguard Total International Stock ETF | 0.3% | 27 of 8,035 | 0.05% |
| QQQ | Invesco QQQ ETF | 0.0% | 0 of 101 | 0.17% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the TBLU portfolio
Tortoise Global Water Fund holds 60 positions. The ten largest make up 63.0% of the fund and the top 50 99.7%, so it behaves like a portfolio of about 20 equally weighted stocks. The biggest positions are Veralto Corporation (8.17%), Ecolab Inc. (8.14%), Ferguson plc (7.42%), American Water Works Company, Inc. (7.42%), Xylem Inc. (7.37%).
By sector, Industrials is 61.3%, Utilities is 27.9%, Basic Materials is 8.2%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: TBLU chart, TBLU performance, TBLU dividends, TBLU valuation, TBLU overview.
TBLU holdings FAQ
How many holdings does TBLU have?
TBLU holds 60 positions as of October 25, 2026.
What are the top 10 holdings of TBLU?
The ten largest holdings are Veralto Corporation (8.17%), Ecolab Inc. (8.14%), Ferguson plc (7.42%), American Water Works Company, Inc. (7.42%), Xylem Inc. (7.37%), Veolia Environnement VE SA (7.27%), Companhia de Saneamento Básico do Estado de São Paulo - SABESP (4.67%), United Utilities Group PLC (4.56%), Geberit AG (3.99%), Essential Utilities, Inc. (3.94%). Together they are 63.0% of the fund.
What percentage of TBLU is Veralto Corporation?
Veralto Corporation is the largest holding at 8.17% of net assets, about $4.6M of the fund's $55.8M.
Which sector is the largest in TBLU?
Industrials is the largest sector at 61.3%, followed by Utilities (27.9%) and Basic Materials (8.2%), based on the sectors of the individual holdings.
How concentrated is TBLU?
The top 10 holdings are 63.0% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) TBLU behaves like a portfolio of about 20 equally weighted stocks.