TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
31 hedge funds and large institutions have $49M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 6 closing their positions.
7% more capital invested
Capital invested by funds: $45.8M → $49M (+$3.15M)
6% less funds holding
Funds holding: 33 → 31 (-2)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
33% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.56M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.66M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$754K |
| 4 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
+$377K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$270K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$904K |
| 2 |
OC
Oppenheimer & Co
New York
|
-$744K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$652K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$639K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$618K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $10K | – | – | – |
|
27
US Bancorp
Minneapolis,
Minnesota
| $8K | – | – | – |
|
28
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $8K | +$7.65K | +47 | New |
|
29
Fifth Third Bancorp
Cincinnati,
Ohio
| $3K | – | – | – |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| $2K | +$2.12K | +13 | New |
|
|
BRWM
31
B. Riley Wealth Management
Memphis,
Tennessee
| $1K | – | – | – |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| – | -$904K | -5,969 | Closed |
|
|
VKH
33
Virtu KCG Holdings
New York
| – | -$490K | -3,233 | Closed |
|
|
WAM
34
Weiss Asset Management
Boston,
Massachusetts
| – | -$424K | -2,799 | Closed |
|
|
LCM
35
Landscape Capital Management
Englewood,
New Jersey
| – | -$251K | -1,655 | Closed |
|
|
TIM
36
Tortoise Investment Management
White Plains,
New York
| – | -$38K | -250 | Closed |
|
|
NPC
37
National Planning Corporation
El Segundo,
California
| – | -$16.1K | -106 | Closed |
|
NDP Hedge Fund Activity: Q1 2015 in Review
31 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q1 2015, worth a combined $49M — up 6.9% from $45.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of NDP and 5 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 8 added.
The largest buyer was Morgan Stanley, adding an estimated $2.56M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $904K sold.
- 31 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q1 2015, down from 33 in Q4 2014.
- Funds reported $49M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q1 2015, up 6.9% quarter-over-quarter.
- 5 funds opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q1 2015 and 6 closed out, a net change of -1 holder.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q1 2015 was Morgan Stanley, an estimated $2.56M added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q1 2015 was Wolverine Asset Management, an estimated $904K sold.
Based on aggregated 13F filings for Q1 2015.