TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
26 hedge funds and large institutions have $23.8M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2022 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 6 closing their positions.
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
4% more funds holding
Funds holding: 25 → 26 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less capital invested
Capital invested by funds: $24.6M → $23.8M (-$725K)
33% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$5.08M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$667K |
| 3 |
WP
Woodline Partners
San Francisco,
California
|
+$430K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$403K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$359K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$2.1M |
| 2 |
BFM
Boothbay Fund Management
New York
|
-$1.87M |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
-$1.53M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$705K |
| 5 |
SCM
Saba Capital Management
New York
|
-$577K |
NDP Hedge Fund Activity: Q4 2022 in Review
26 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q4 2022, worth a combined $23.8M — down 3% from $24.6M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NDP positions and 6 closed out — a net gain of 2 holders — while 6 added to existing stakes and 9 trimmed.
The largest buyer was Raymond James & Associates, opening a new position worth an estimated $5.08M. The largest seller was Bulldog Investors, exiting entirely with an estimated $2.1M sold.
- 26 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q4 2022, up from 25 in Q3 2022.
- Funds reported $23.8M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q4 2022, down 3% quarter-over-quarter.
- 8 funds opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q4 2022 and 6 closed out, a net change of +2 holders.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q4 2022 was Raymond James & Associates, an estimated $5.08M added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q4 2022 was Bulldog Investors, an estimated $2.1M sold.
Based on aggregated 13F filings for Q4 2022.