TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
26 hedge funds and large institutions have $20M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2023 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
8% more funds holding
Funds holding: 24 → 26 (+2)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
1.94% less ownership
Funds ownership: 41.83% → 39.89% (-1.9%)
18% less capital invested
Capital invested by funds: $24.5M → $20M (-$4.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$798K |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$547K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$378K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$302K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$280K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.19M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.22M |
| 3 |
SCM
Saba Capital Management
New York
|
-$685K |
| 4 |
AC
Aristides Capital
Louisville,
Kentucky
|
-$184K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$149K |
NDP Hedge Fund Activity: Q4 2023 in Review
26 of the 6,870 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q4 2023, worth a combined $20M — down 18% from $24.5M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new NDP positions and 2 closed out — a net gain of 2 holders — while 10 added to existing stakes and 11 trimmed.
The largest buyer was Matisse Capital, opening a new position worth an estimated $798K. The largest seller was Sit Investment Associates, exiting entirely with an estimated $3.19M sold.
- 26 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q4 2023, up from 24 in Q3 2023.
- Funds reported $20M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q4 2023, down 18% quarter-over-quarter.
- 4 funds opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q4 2023 and 2 closed out, a net change of +2 holders.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q4 2023 was Matisse Capital, an estimated $798K added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q4 2023 was Sit Investment Associates, an estimated $3.19M sold.
Based on aggregated 13F filings for Q4 2023.