TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
30 hedge funds and large institutions have $25.4M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2017 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 6 increasing their positions, 11 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
25% more funds holding
Funds holding: 24 → 30 (+6)
0% less capital invested
Capital invested by funds: $25.5M → $25.4M (-$91.4K)
45% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.42M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$932K |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$401K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$270K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$236K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.69M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.1M |
| 3 |
CIC
Canal Insurance Company
Greenville,
South Carolina
|
-$1.02M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$193K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$166K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
26
Ladenburg Thalmann Financial Services
Miami,
Florida
| $69K | -$2.66K | -26 | -4% |
|
|
FHA
27
First Horizon Advisors
Memphis,
Tennessee
| $20K | – | – | – |
|
28
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $13K | +$12.8K | +125 | New |
|
29
Citigroup
New York
| $5K | -$10.4K | -102 | -70% |
|
30
US Bancorp
Minneapolis,
Minnesota
| $5K | – | – | – |
|
|
SIA
31
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$2.69M | -25,202 | Closed |
|
|
CIC
32
Canal Insurance Company
Greenville,
South Carolina
| – | -$1.02M | -9,517 | Closed |
|
NDP Hedge Fund Activity: Q4 2017 in Review
30 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q4 2017, worth a combined $25.4M — down 0.36% from $25.5M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NDP positions and 2 closed out — a net gain of 6 holders — while 6 added to existing stakes and 11 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $2.42M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $2.69M sold.
- 30 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q4 2017, up from 24 in Q3 2017.
- Funds reported $25.4M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q4 2017, down 0.36% quarter-over-quarter.
- 8 funds opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q4 2017 and 2 closed out, a net change of +6 holders.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q4 2017 was Wolverine Asset Management, an estimated $2.42M added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q4 2017 was Sit Investment Associates, an estimated $2.69M sold.
Based on aggregated 13F filings for Q4 2017.