TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP was delisted on the 20th of December, 2024.
20 hedge funds and large institutions have $24M invested in TORTOISE ENERGY INDEPENDENCE FUND, INC. in 2024 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 3 closing their positions.
5% more capital invested
Capital invested by funds: $22.8M → $24M (+$1.17M)
1.03% more ownership
Funds ownership: 38.64% → 39.67% (+1%)
9% less funds holding
Funds holding: 22 → 20 (-2)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$902K |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
+$513K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$460K |
| 4 |
SCM
Saba Capital Management
New York
|
+$261K |
| 5 |
Morgan Stanley
New York
|
+$233K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$893K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$712K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$562K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$296K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$162K |
NDP Hedge Fund Activity: Q2 2024 in Review
20 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) for Q2 2024, worth a combined $24M — up 5.1% from $22.8M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of NDP and 1 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 7 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $902K. The largest seller was Matisse Capital, exiting entirely with an estimated $893K sold.
- 20 institutional investors held TORTOISE ENERGY INDEPENDENCE FUND, INC. (NDP) as of Q2 2024, down from 22 in Q1 2024.
- Funds reported $24M of TORTOISE ENERGY INDEPENDENCE FUND, INC. stock for Q2 2024, up 5.1% quarter-over-quarter.
- 1 fund opened new TORTOISE ENERGY INDEPENDENCE FUND, INC. positions in Q2 2024 and 3 closed out, a net change of -2 holders.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. buyer in Q2 2024 was Rivernorth Capital Management, an estimated $902K added.
- The largest TORTOISE ENERGY INDEPENDENCE FUND, INC. seller in Q2 2024 was Matisse Capital, an estimated $893K sold.
Based on aggregated 13F filings for Q2 2024.