TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
15 hedge funds and large institutions have $10M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2021 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 1 increasing their positions, 8 reducing their positions, and 5 closing their positions.
13% more capital invested
Capital invested by funds: $8.88M → $10M (+$1.13M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
17% less funds holding
Funds holding: 18 → 15 (-3)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
88% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$579K |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$247K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$39.3K |
| 4 |
FIA
FNY Investment Advisers
New York
|
+$6.98K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$364K |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$237K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$204K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$123K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$32.9K |
NDP Hedge Fund Activity: Q1 2021 in Review
15 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q1 2021, worth a combined $10M — up 13% from $8.88M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NDP and 3 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 1 added.
The largest buyer was Punch & Associates Investment Management, opening a new position worth an estimated $579K. The largest seller was Curi RMB Capital, exiting entirely with an estimated $364K sold.
- 15 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q1 2021, down from 18 in Q4 2020.
- Funds reported $10M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q1 2021, up 13% quarter-over-quarter.
- 3 funds opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q1 2021 and 5 closed out, a net change of -2 holders.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q1 2021 was Punch & Associates Investment Management, an estimated $579K added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q1 2021 was Curi RMB Capital, an estimated $364K sold.
Based on aggregated 13F filings for Q1 2021.