TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
29 hedge funds and large institutions have $18.3M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2018 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 4 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
3% less funds holding
Funds holding: 30 → 29 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
28% less capital invested
Capital invested by funds: $25.4M → $18.3M (-$7.11M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.23M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$303K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$224K |
| 4 |
LFS
Legacy Financial Strategies
Overland Park,
Kansas
|
+$201K |
| 5 |
LPL Financial
San Diego,
California
|
+$177K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$2.55M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.42M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$610K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$586K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$395K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RFC
26
Regions Financial Corp
Birmingham,
Alabama
| $17K | +$19.3K | +192 | New |
|
|
RCAG
27
Rehmann Capital Advisory Group
Lansing,
Michigan
| $8K | +$9.47K | +94 | New |
|
28
US Bancorp
Minneapolis,
Minnesota
| $5K | – | – | – |
|
29
Citigroup
New York
| $3K | -$906 | -9 | -20% |
|
|
WAM
30
Weiss Asset Management
Boston,
Massachusetts
| – | -$280K | -2,639 | Closed |
|
|
PAG
31
Private Advisor Group
Morristown,
New Jersey
| – | -$245K | -2,303 | Closed |
|
32
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$135K | -1,273 | Closed |
|
33
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$13K | -125 | Closed |
|
NDP Hedge Fund Activity: Q1 2018 in Review
29 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q1 2018, worth a combined $18.3M — down 28% from $25.4M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of NDP and 3 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 13 added.
The largest buyer was Morgan Stanley, adding an estimated $1.23M. The largest seller was UBS Group, cutting an estimated $2.55M.
- 29 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q1 2018, down from 30 in Q4 2017.
- Funds reported $18.3M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q1 2018, down 28% quarter-over-quarter.
- 3 funds opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q1 2018 and 4 closed out, a net change of -1 holder.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q1 2018 was Morgan Stanley, an estimated $1.23M added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q1 2018 was UBS Group, an estimated $2.55M sold.
Based on aggregated 13F filings for Q1 2018.