TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
30 hedge funds and large institutions have $36.8M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2016 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 5 reducing their positions, and 2 closing their positions.
140% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 5
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
26% more capital invested
Capital invested by funds: $29.1M → $36.8M (+$7.68M)
3% more funds holding
Funds holding: 29 → 30 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.55M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.11M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.05M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$579K |
| 5 |
Morgan Stanley
New York
|
+$442K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$167K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$87.9K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$36.5K |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$11K |
| 5 |
PRS
Pinkerton Retirement Specialists
Coeur D Alene,
Idaho
|
-$4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
US Bancorp
Minneapolis,
Minnesota
| $7K | – | – | – |
|
|
LTFS
27
Ladenburg Thalmann Financial Services
Miami,
Florida
| $5K | – | – | – |
|
|
TJHA
28
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $3K | – | – | – |
|
|
TIM
29
Tortoise Investment Management
White Plains,
New York
| $3K | +$3.16K | +25 | New |
|
30
Fifth Third Bancorp
Cincinnati,
Ohio
| $2K | – | – | – |
|
|
31
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$11K | -86 | Closed |
|
|
PRS
32
Pinkerton Retirement Specialists
Coeur D Alene,
Idaho
| – | -$4K | -34 | Closed |
|
NDP Hedge Fund Activity: Q4 2016 in Review
30 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q4 2016, worth a combined $36.8M — up 26% from $29.1M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new NDP positions and 2 closed out — a net gain of 2 holders — while 12 added to existing stakes and 5 trimmed.
The largest buyer was Cambridge Investment Research Advisors, opening a new position worth an estimated $1.55M. The largest seller was Bank of America, cutting an estimated $167K.
- 30 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q4 2016, up from 29 in Q3 2016.
- Funds reported $36.8M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q4 2016, up 26% quarter-over-quarter.
- 4 funds opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q4 2016 and 2 closed out, a net change of +2 holders.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q4 2016 was Cambridge Investment Research Advisors, an estimated $1.55M added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q4 2016 was Bank of America, an estimated $167K sold.
Based on aggregated 13F filings for Q4 2016.