TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
22 hedge funds and large institutions have $22.8M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2024 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 5 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
14% more capital invested
Capital invested by funds: $20M → $22.8M (+$2.8M)
1.25% less ownership
Funds ownership: 39.89% → 38.64% (-1.2%)
15% less funds holding
Funds holding: 26 → 22 (-4)
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$849K |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$287K |
| 3 |
Morgan Stanley
New York
|
+$235K |
| 4 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$43.8K |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$19.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$418K |
| 2 |
CIA
Concurrent Investment Advisors
Tampa,
Florida
|
-$409K |
| 3 |
SOA
Sea Otter Advisors
Miami,
Florida
|
-$349K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$338K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$258K |
NDP Hedge Fund Activity: Q1 2024 in Review
22 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q1 2024, worth a combined $22.8M — up 14% from $20M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NDP and 1 opened new positions — a net loss of 4 holders — while 6 trimmed existing stakes and 7 added.
The largest buyer was Saba Capital Management, adding an estimated $849K. The largest seller was CAPTRUST Financial Advisors, exiting entirely with an estimated $418K sold.
- 22 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q1 2024, down from 26 in Q4 2023.
- Funds reported $22.8M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q1 2024, up 14% quarter-over-quarter.
- 1 fund opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q1 2024 and 5 closed out, a net change of -4 holders.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q1 2024 was Saba Capital Management, an estimated $849K added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q1 2024 was CAPTRUST Financial Advisors, an estimated $418K sold.
Based on aggregated 13F filings for Q1 2024.