TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
31 hedge funds and large institutions have $20.8M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2018 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 6 reducing their positions, and 3 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 6
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
14% more capital invested
Capital invested by funds: $18.3M → $20.8M (+$2.55M)
7% more funds holding
Funds holding: 29 → 31 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$756K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$545K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$518K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$460K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$384K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$850K |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$623K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$360K |
| 4 |
Morgan Stanley
New York
|
-$257K |
| 5 |
Mariner
Overland Park,
Kansas
|
-$119K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RFC
26
Regions Financial Corp
Birmingham,
Alabama
| $19K | – | – | – |
|
|
FHA
27
Flagship Harbor Advisors
Boston,
Massachusetts
| $14K | +$14.2K | +144 | New |
|
|
RCAG
28
Rehmann Capital Advisory Group
Lansing,
Michigan
| $9.46K | – | – | – |
|
29
US Bancorp
Minneapolis,
Minnesota
| $5K | – | – | – |
|
30
Citigroup
New York
| $4K | – | – | – |
|
|
SPIA
31
Steward Partners Investment Advisory
New York
| $4K | +$3.74K | +38 | New |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| – | -$850K | -9,454 | Closed |
|
|
CCP
33
Clough Capital Partners
Boston,
Massachusetts
| – | -$623K | -6,925 | Closed |
|
|
34
Mariner
Overland Park,
Kansas
| – | -$119K | -1,321 | Closed |
|
NDP Hedge Fund Activity: Q2 2018 in Review
31 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q2 2018, worth a combined $20.8M — up 14% from $18.3M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new NDP positions and 3 closed out — a net gain of 2 holders — while 12 added to existing stakes and 6 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $756K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $850K sold.
- 31 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q2 2018, up from 29 in Q1 2018.
- Funds reported $20.8M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q2 2018, up 14% quarter-over-quarter.
- 5 funds opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q2 2018 and 3 closed out, a net change of +2 holders.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q2 2018 was Raymond James & Associates, an estimated $756K added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q2 2018 was Wolverine Asset Management, an estimated $850K sold.
Based on aggregated 13F filings for Q2 2018.