TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
28 hedge funds and large institutions have $22.3M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
8% more funds holding
Funds holding: 26 → 28 (+2)
2% less capital invested
Capital invested by funds: $22.7M → $22.3M (-$463K)
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.35M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.06M |
| 3 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$213K |
| 4 |
SOA
Sea Otter Advisors
Miami,
Florida
|
+$142K |
| 5 |
SCM
Saba Capital Management
New York
|
+$89.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.7M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$497K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$348K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$325K |
| 5 |
Morgan Stanley
New York
|
-$113K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DAM
26
Delta Asset Management
Memphis,
Tennessee
| $3.59K | +$3.55K | +125 | New |
|
27
Citigroup
New York
| $1.52K | +$1.5K | +53 | New |
|
|
BFEC
28
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $1K | – | – | – |
|
|
RJFSA
29
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$497K | -17,649 | Closed |
|
|
MCM
30
Manchester Capital Management
Manchester,
Vermont
| – | -$28.1K | -1,000 | Closed |
|
31
US Bancorp
Minneapolis,
Minnesota
| – | -$28.1K | -1,000 | Closed |
|
|
ASN
32
Advisory Services Network
Atlanta,
Georgia
| – | -$3.94K | -140 | Closed |
|
NDP Hedge Fund Activity: Q2 2023 in Review
28 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q2 2023, worth a combined $22.3M — down 2% from $22.7M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new NDP positions and 4 closed out — a net gain of 2 holders — while 7 added to existing stakes and 11 trimmed.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $1.35M. The largest seller was Raymond James & Associates, cutting an estimated $2.7M.
- 28 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q2 2023, up from 26 in Q1 2023.
- Funds reported $22.3M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q2 2023, down 2% quarter-over-quarter.
- 6 funds opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q2 2023 and 4 closed out, a net change of +2 holders.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q2 2023 was Sit Investment Associates, an estimated $1.35M added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q2 2023 was Raymond James & Associates, an estimated $2.7M sold.
Based on aggregated 13F filings for Q2 2023.