TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
32 hedge funds and large institutions have $23.1M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 10 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
7% less capital invested
Capital invested by funds: $24.9M → $23.1M (-$1.82M)
18% less funds holding
Funds holding: 39 → 32 (-7)
70% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.31M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$863K |
| 3 |
CIC
Canal Insurance Company
Greenville,
South Carolina
|
+$736K |
| 4 |
Morgan Stanley
New York
|
+$205K |
| 5 |
SAM
SignalPoint Asset Management
Springfield,
Missouri
|
+$203K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.56M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$860K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$566K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$562K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$476K |
NDP Hedge Fund Activity: Q1 2016 in Review
32 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q1 2016, worth a combined $23.1M — down 7.3% from $24.9M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NDP and 3 opened new positions — a net loss of 7 holders — while 8 trimmed existing stakes and 15 added.
The largest buyer was Advisors Asset Management, adding an estimated $1.31M. The largest seller was Bank of America, cutting an estimated $1.56M.
- 32 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q1 2016, down from 39 in Q4 2015.
- Funds reported $23.1M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q1 2016, down 7.3% quarter-over-quarter.
- 3 funds opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q1 2016 and 10 closed out, a net change of -7 holders.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q1 2016 was Advisors Asset Management, an estimated $1.31M added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q1 2016 was Bank of America, an estimated $1.56M sold.
Based on aggregated 13F filings for Q1 2016.