TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
31 hedge funds and large institutions have $16.3M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2019 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 7 closing their positions.
32% more capital invested
Capital invested by funds: $12.3M → $16.3M (+$3.98M)
8% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 12
14% less funds holding
Funds holding: 36 → 31 (-5)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$2M |
| 2 |
Morgan Stanley
New York
|
+$1.46M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$365K |
| 4 |
PAS
Partnervest Advisory Services
Santa Barbara,
California
|
+$145K |
| 5 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
+$127K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.16M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$592K |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$240K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$173K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$126K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SMFS
26
Squar Milner Financial Services
Irvine,
California
| $38K | +$39.8K | +572 | New |
|
|
FHA
27
First Horizon Advisors
Memphis,
Tennessee
| $13K | – | – | – |
|
|
CFGS
28
Concourse Financial Group Securities
Birmingham,
Alabama
| $5K | – | – | – |
|
29
US Bancorp
Minneapolis,
Minnesota
| $3K | – | – | – |
|
30
Citigroup
New York
| $2K | – | – | – |
|
|
FHB
31
First Hawaiian Bank
Honolulu,
Hawaii
| $2K | – | – | – |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| – | -$1.16M | -21,464 | Closed |
|
|
WAM
33
Weiss Asset Management
Boston,
Massachusetts
| – | -$240K | -4,418 | Closed |
|
|
34
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$173K | -3,201 | Closed |
|
|
PAG
35
Private Advisor Group
Morristown,
New Jersey
| – | -$71K | -1,306 | Closed |
|
|
MOS
36
MGO One Seven
Beachwood,
Ohio
| – | -$61K | -1,130 | Closed |
|
|
IA
37
IFP Advisors
Tampa,
Florida
| – | -$16K | -301 | Closed |
|
|
BRC
38
Bell Rock Capital
Rehoboth Beach,
Delaware
| – | -$4K | -83 | Closed |
|
NDP Hedge Fund Activity: Q1 2019 in Review
31 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q1 2019, worth a combined $16.3M — up 32% from $12.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NDP and 2 opened new positions — a net loss of 5 holders — while 12 trimmed existing stakes and 11 added.
The largest buyer was Arete Wealth Advisors, adding an estimated $2M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.16M sold.
- 31 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q1 2019, down from 36 in Q4 2018.
- Funds reported $16.3M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q1 2019, up 32% quarter-over-quarter.
- 2 funds opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q1 2019 and 7 closed out, a net change of -5 holders.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q1 2019 was Arete Wealth Advisors, an estimated $2M added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q1 2019 was Wolverine Asset Management, an estimated $1.16M sold.
Based on aggregated 13F filings for Q1 2019.