TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
25 hedge funds and large institutions have $8.75M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 9 closing their positions.
14% less funds holding
Funds holding: 29 → 25 (-4)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
38% less capital invested
Capital invested by funds: $14.1M → $8.75M (-$5.35M)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$844K |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
+$839K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$768K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$602K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$219K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$901K |
| 2 |
Morgan Stanley
New York
|
-$647K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$352K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$212K |
| 5 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$139K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Invesco
Atlanta,
Georgia
| – | -$352K | -6,133 | Closed |
|
|
MAFM
27
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
| – | -$139K | -2,413 | Closed |
|
|
BTS
28
BB&T Securities
Richmond,
Virginia
| – | -$134K | -2,335 | Closed |
|
|
RJA
29
Raymond James & Associates
St Petersburg,
Florida
| – | -$131K | -2,282 | Closed |
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$95K | -1,654 | Closed |
|
31
LPL Financial
San Diego,
California
| – | -$83K | -1,444 | Closed |
|
32
Mariner
Overland Park,
Kansas
| – | -$76K | -1,323 | Closed |
|
|
SMFS
33
Squar Milner Financial Services
Irvine,
California
| – | -$33K | -572 | Closed |
|
|
QCIG
34
Quad-Cities Investment Group
Davenport,
Iowa
| – | -$4K | -88 | Closed |
|
NDP Hedge Fund Activity: Q3 2019 in Review
25 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q3 2019, worth a combined $8.75M — down 38% from $14.1M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of NDP and 5 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 5 added.
The largest buyer was Private Advisor Group, opening a new position worth an estimated $844K. The largest seller was Bank of America, cutting an estimated $901K.
- 25 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q3 2019, down from 29 in Q2 2019.
- Funds reported $8.75M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q3 2019, down 38% quarter-over-quarter.
- 5 funds opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q3 2019 and 9 closed out, a net change of -4 holders.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q3 2019 was Private Advisor Group, an estimated $844K added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q3 2019 was Bank of America, an estimated $901K sold.
Based on aggregated 13F filings for Q3 2019.