TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
26 hedge funds and large institutions have $23M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
0.02% more ownership
Funds ownership: 44.23% → 44.26% (+0.02%)
0% more funds holding
Funds holding: 26 → 26 (0)
3% less capital invested
Capital invested by funds: $23.8M → $23M (-$801K)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.3M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$904K |
| 3 |
ZP
Zimmer Partners
New York
|
+$249K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$95.6K |
| 5 |
MCM
Manchester Capital Management
Manchester,
Vermont
|
+$29.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.28M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$461K |
| 3 |
WP
Woodline Partners
San Francisco,
California
|
-$388K |
| 4 |
SCM
Saba Capital Management
New York
|
-$302K |
| 5 |
Morgan Stanley
New York
|
-$104K |
NDP Hedge Fund Activity: Q1 2023 in Review
26 of the 6,284 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q1 2023, worth a combined $23M — down 3.4% from $23.8M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new NDP positions and 2 closed out — a net gain of 1 holder — while 8 added to existing stakes and 7 trimmed.
The largest buyer was Bulldog Investors, opening a new position worth an estimated $1.3M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $1.28M.
- 26 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q1 2023, unchanged from Q4 2022.
- Funds reported $23M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q1 2023, down 3.4% quarter-over-quarter.
- 3 funds opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q1 2023 and 2 closed out, a net change of +1 holder.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q1 2023 was Bulldog Investors, an estimated $1.3M added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q1 2023 was Thomas J. Herzfeld Advisors, an estimated $1.28M sold.
Based on aggregated 13F filings for Q1 2023.