TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
28 hedge funds and large institutions have $37.4M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2015 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 4 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
10% less funds holding
Funds holding: 31 → 28 (-3)
24% less capital invested
Capital invested by funds: $49M → $37.4M (-$11.6M)
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$506K |
| 2 |
FWM
Frontier Wealth Management
Kansas City,
Missouri
|
+$229K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$112K |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$97.9K |
| 5 |
AIG
American International Group
New York
|
+$44.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.4M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$532K |
| 3 |
Morgan Stanley
New York
|
-$455K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$444K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$224K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
US Bancorp
Minneapolis,
Minnesota
| $7K | – | – | – |
|
27
Fifth Third Bancorp
Cincinnati,
Ohio
| $3K | – | – | – |
|
|
BRWM
28
B. Riley Wealth Management
Memphis,
Tennessee
| $1K | – | – | – |
|
|
RJA
29
Raymond James & Associates
St Petersburg,
Florida
| – | -$224K | -1,393 | Closed |
|
30
Creative Planning
Overland Park,
Kansas
| – | -$20K | -125 | Closed |
|
31
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$8K | -47 | Closed |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| – | -$2K | -13 | Closed |
|
NDP Hedge Fund Activity: Q2 2015 in Review
28 of the 3,713 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q2 2015, worth a combined $37.4M — down 24% from $49M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of NDP and 1 opened new positions — a net loss of 3 holders — while 7 trimmed existing stakes and 10 added.
The largest buyer was Bank of America, adding an estimated $506K. The largest seller was Invesco, cutting an estimated $1.4M.
- 28 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q2 2015, down from 31 in Q1 2015.
- Funds reported $37.4M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q2 2015, down 24% quarter-over-quarter.
- 1 fund opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q2 2015 and 4 closed out, a net change of -3 holders.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q2 2015 was Bank of America, an estimated $506K added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q2 2015 was Invesco, an estimated $1.4M sold.
Based on aggregated 13F filings for Q2 2015.