TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
29 hedge funds and large institutions have $14.1M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2019 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 12 reducing their positions, and 4 closing their positions.
6% less funds holding
Funds holding: 31 → 29 (-2)
13% less capital invested
Capital invested by funds: $16.3M → $14.1M (-$2.17M)
42% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 12
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$502K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$197K |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$122K |
| 4 |
LPL Financial
San Diego,
California
|
+$94.3K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
+$86K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAS
Partnervest Advisory Services
Santa Barbara,
California
|
-$383K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$121K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$90K |
| 4 |
QCIG
Quad-Cities Investment Group
Davenport,
Iowa
|
-$71K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$61.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFGS
26
Concourse Financial Group Securities
Birmingham,
Alabama
| $5K | – | – | – |
|
|
QCIG
27
Quad-Cities Investment Group
Davenport,
Iowa
| $4K | -$71K | -1,087 | -93% |
|
28
US Bancorp
Minneapolis,
Minnesota
| $3K | – | – | – |
|
29
Citigroup
New York
| $1K | – | – | – |
|
|
PAS
30
Partnervest Advisory Services
Santa Barbara,
California
| – | -$383K | -5,738 | Closed |
|
|
RJFSA
31
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$90K | -1,342 | Closed |
|
|
BFEC
32
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$39K | -585 | Closed |
|
|
FHB
33
First Hawaiian Bank
Honolulu,
Hawaii
| – | -$2K | -34 | Closed |
|
NDP Hedge Fund Activity: Q2 2019 in Review
29 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q2 2019, worth a combined $14.1M — down 13% from $16.3M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of NDP and 2 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 7 added.
The largest buyer was Morgan Stanley, adding an estimated $502K. The largest seller was Partnervest Advisory Services, exiting entirely with an estimated $383K sold.
- 29 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q2 2019, down from 31 in Q1 2019.
- Funds reported $14.1M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q2 2019, down 13% quarter-over-quarter.
- 2 funds opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q2 2019 and 4 closed out, a net change of -2 holders.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q2 2019 was Morgan Stanley, an estimated $502K added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q2 2019 was Partnervest Advisory Services, an estimated $383K sold.
Based on aggregated 13F filings for Q2 2019.