TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
24 hedge funds and large institutions have $25.5M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2017 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 3 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 7
8% less capital invested
Capital invested by funds: $27.7M → $25.5M (-$2.17M)
11% less funds holding
Funds holding: 27 → 24 (-3)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$466K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$375K |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$60.7K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$52.2K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$6.24K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.44M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$695K |
| 3 |
Morgan Stanley
New York
|
-$205K |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$140K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$136K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
First Trust Advisors
Wheaton,
Illinois
| – | -$140K | -1,310 | Closed |
|
|
RJA
27
Raymond James & Associates
St Petersburg,
Florida
| – | -$136K | -1,279 | Closed |
|
28
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$2K | -18 | Closed |
|
NDP Hedge Fund Activity: Q3 2017 in Review
24 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q3 2017, worth a combined $25.5M — down 7.9% from $27.7M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of NDP and 0 opened new positions — a net loss of 3 holders — while 7 trimmed existing stakes and 12 added.
The largest buyer was UBS Group, adding an estimated $466K. The largest seller was Sit Investment Associates, cutting an estimated $1.44M.
- 24 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q3 2017, down from 27 in Q2 2017.
- Funds reported $25.5M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q3 2017, down 7.9% quarter-over-quarter.
- 0 funds opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q3 2017 and 3 closed out, a net change of -3 holders.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q3 2017 was UBS Group, an estimated $466K added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q3 2017 was Sit Investment Associates, an estimated $1.44M sold.
Based on aggregated 13F filings for Q3 2017.