TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
18 hedge funds and large institutions have $5.6M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2020 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 16 closing their positions.
31% more capital invested
Capital invested by funds: $4.27M → $5.6M (+$1.33M)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
44% less funds holding
Funds holding: 32 → 18 (-14)
88% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristides Capital
Louisville,
Kentucky
|
+$1.43M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
+$450K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$207K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$116K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$112K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$661K |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$218K |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
-$202K |
| 4 |
CC
Cannell Capital
Alta,
Wyoming
|
-$140K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$116K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Ameriprise
Minneapolis,
Minnesota
| – | -$45K | -4,847 | Closed |
|
27
Creative Planning
Overland Park,
Kansas
| – | -$21K | -2,250 | Closed |
|
|
WGA
28
Weather Gauge Advisory
Williamsburg,
Virginia
| – | -$15K | -1,631 | Closed |
|
|
RJFSA
29
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$15K | -1,606 | Closed |
|
|
TSS
30
Two Sigma Securities
New York
| – | -$13K | -1,364 | Closed |
|
|
ASN
31
Advisory Services Network
Atlanta,
Georgia
| – | -$8K | -824 | Closed |
|
|
SMFS
32
Squar Milner Financial Services
Irvine,
California
| – | -$5K | -572 | Closed |
|
|
SFS
33
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$2K | -217 | Closed |
|
NDP Hedge Fund Activity: Q2 2020 in Review
18 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q2 2020, worth a combined $5.6M — up 31% from $4.27M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of NDP and 2 opened new positions — a net loss of 14 holders — while 9 trimmed existing stakes and 7 added.
The largest buyer was Aristides Capital, opening a new position worth an estimated $1.43M. The largest seller was Punch & Associates Investment Management, exiting entirely with an estimated $661K sold.
- 18 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q2 2020, down from 32 in Q1 2020.
- Funds reported $5.6M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q2 2020, up 31% quarter-over-quarter.
- 2 funds opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q2 2020 and 16 closed out, a net change of -14 holders.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q2 2020 was Aristides Capital, an estimated $1.43M added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q2 2020 was Punch & Associates Investment Management, an estimated $661K sold.
Based on aggregated 13F filings for Q2 2020.