TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
24 hedge funds and large institutions have $24.5M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2023 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 7 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
10% more capital invested
Capital invested by funds: $22.3M → $24.5M (+$2.25M)
14% less funds holding
Funds holding: 28 → 24 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.64M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$244K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$145K |
| 4 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$144K |
| 5 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$125K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.35M |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
-$264K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$236K |
| 4 |
BCA
Bay Colony Advisors
Concord,
Massachusetts
|
-$222K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$114K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CL
26
CSS LLC
Chicago,
Illinois
| – | -$264K | -9,199 | Closed |
|
|
BCA
27
Bay Colony Advisors
Concord,
Massachusetts
| – | -$222K | -7,731 | Closed |
|
|
MMG
28
Monetary Management Group
St Louis,
Missouri
| – | -$87.7K | -3,051 | Closed |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| – | -$8.57K | -298 | Closed |
|
|
DAM
30
Delta Asset Management
Memphis,
Tennessee
| – | -$3.59K | -125 | Closed |
|
31
Citigroup
New York
| – | -$1.52K | -53 | Closed |
|
NDP Hedge Fund Activity: Q3 2023 in Review
24 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q3 2023, worth a combined $24.5M — up 10% from $22.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NDP and 3 opened new positions — a net loss of 4 holders — while 5 trimmed existing stakes and 9 added.
The largest buyer was Sit Investment Associates, adding an estimated $1.64M. The largest seller was Raymond James & Associates, exiting entirely with an estimated $1.35M sold.
- 24 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q3 2023, down from 28 in Q2 2023.
- Funds reported $24.5M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q3 2023, up 10% quarter-over-quarter.
- 3 funds opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q3 2023 and 7 closed out, a net change of -4 holders.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q3 2023 was Sit Investment Associates, an estimated $1.64M added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q3 2023 was Raymond James & Associates, an estimated $1.35M sold.
Based on aggregated 13F filings for Q3 2023.