TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
27 hedge funds and large institutions have $27.7M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2017 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 16 reducing their positions, and 4 closing their positions.
13% less funds holding
Funds holding: 31 → 27 (-4)
32% less capital invested
Capital invested by funds: $40.5M → $27.7M (-$12.9M)
69% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 16
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$212K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$151K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$125K |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$102K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$37.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$1.55M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.12M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$988K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$587K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$535K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
US Bancorp
Minneapolis,
Minnesota
| $5K | – | – | – |
|
|
AP
27
Atwood & Palmer
Kansas City,
Missouri
| $3K | – | – | – |
|
28
Fifth Third Bancorp
Cincinnati,
Ohio
| $2K | – | – | – |
|
|
IAA
29
Independent Advisor Alliance
Charlotte,
North Carolina
| – | -$179K | -1,346 | Closed |
|
|
CAG
30
Crestwood Advisors Group
Boston,
Massachusetts
| – | -$15K | -125 | Closed |
|
|
ACS
31
Archford Capital Strategies
Swansea,
Illinois
| – | -$8K | -64 | Closed |
|
|
TIM
32
Tortoise Investment Management
White Plains,
New York
| – | -$3K | -25 | Closed |
|
NDP Hedge Fund Activity: Q2 2017 in Review
27 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q2 2017, worth a combined $27.7M — down 32% from $40.5M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of NDP and 1 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 5 added.
The largest buyer was Cambridge Investment Research Advisors, adding an estimated $212K. The largest seller was First Trust Advisors, cutting an estimated $1.55M.
- 27 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q2 2017, down from 31 in Q1 2017.
- Funds reported $27.7M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q2 2017, down 32% quarter-over-quarter.
- 1 fund opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q2 2017 and 4 closed out, a net change of -3 holders.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q2 2017 was Cambridge Investment Research Advisors, an estimated $212K added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q2 2017 was First Trust Advisors, an estimated $1.55M sold.
Based on aggregated 13F filings for Q2 2017.