TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
32 hedge funds and large institutions have $26.6M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2016 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 6 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
15% more capital invested
Capital invested by funds: $23.1M → $26.6M (+$3.52M)
0% more funds holding
Funds holding: 32 → 32 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.41M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.09M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$527K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$463K |
| 5 |
SAM
SignalPoint Asset Management
Springfield,
Missouri
|
+$316K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.02M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.44M |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
-$1.14M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$740K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$398K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MFS
26
MSI Financial Services
Springfield,
Massachusetts
| $14K | -$8.93K | -84 | -42% |
|
27
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $10K | +$9.14K | +86 | New |
|
|
ACS
28
Archford Capital Strategies
Swansea,
Illinois
| $8K | +$6.8K | +64 | New |
|
29
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $7K | – | – | – |
|
30
US Bancorp
Minneapolis,
Minnesota
| $6K | – | – | – |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| $5K | +$1.91K | +18 | +82% |
|
32
Fifth Third Bancorp
Cincinnati,
Ohio
| $2K | – | – | – |
|
|
CA
33
Cornerstone Advisors
Asheville,
North Carolina
| – | -$2.02M | -22,148 | Closed |
|
|
WAM
34
Wolverine Asset Management
Chicago,
Illinois
| – | -$1.44M | -15,737 | Closed |
|
|
MC
35
Matisse Capital
Portland,
Oregon
| – | -$1.14M | -12,490 | Closed |
|
|
TC
36
TFS Capital
West Chester,
Pennsylvania
| – | -$251K | -2,741 | Closed |
|
|
ICM
37
Ionic Capital Management
New York
| – | -$165K | -1,805 | Closed |
|
|
AIG
38
American International Group
New York
| – | -$11K | -125 | Closed |
|
NDP Hedge Fund Activity: Q2 2016 in Review
32 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q2 2016, worth a combined $26.6M — up 15% from $23.1M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new NDP positions and 6 closed out — a net gain of 1 holder — while 12 added to existing stakes and 8 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $1.41M. The largest seller was Cornerstone Advisors, exiting entirely with an estimated $2.02M sold.
- 32 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q2 2016, unchanged from Q1 2016.
- Funds reported $26.6M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q2 2016, up 15% quarter-over-quarter.
- 7 funds opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q2 2016 and 6 closed out, a net change of +1 holder.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q2 2016 was Advisors Asset Management, an estimated $1.41M added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q2 2016 was Cornerstone Advisors, an estimated $2.02M sold.
Based on aggregated 13F filings for Q2 2016.