TC Pipelines LP
TCP
TCP was delisted on the 2nd of March, 2021.
177 hedge funds and large institutions have $2.23B invested in TC Pipelines LP in 2017 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 64 increasing their positions, 55 reducing their positions, and 16 closing their positions.
20% more call options, than puts
Call options by funds: $2.35M | Put options by funds: $1.96M
16% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 55
4% less capital invested
Capital invested by funds: $2.31B → $2.23B (-$85.2M)
4% less funds holding
Funds holding: 184 → 177 (-7)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
31% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
ALPS Advisors
Denver,
Colorado
|
+$24.4M |
| 2 |
EIP
Energy Income Partners
Westport,
Connecticut
|
+$13.9M |
| 3 |
CCCA
Center Coast Capital Advisors
Houston,
Texas
|
+$13.5M |
| 4 |
IG
ING Group
Amsterdam,
Netherlands
|
+$8.57M |
| 5 |
ClearBridge Investments
New York
|
+$6.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SOMRS
State of Michigan Retirement System
Lansing,
Michigan
|
-$21M |
| 2 |
O
OppenheimerFunds
New York
|
-$18.8M |
| 3 |
Nordea Investment Management
Stockholm,
Sweden
|
-$8.09M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$5.98M |
| 5 |
Renaissance Technologies
New York
|
-$5.27M |
TCP Hedge Fund Activity: Q3 2017 in Review
177 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in TC Pipelines LP (TCP) for Q3 2017, worth a combined $2.23B — down 3.7% from $2.31B a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of TCP and 11 opened new positions — a net loss of 5 holders — while 55 trimmed existing stakes and 64 added.
The largest buyer was ALPS Advisors, adding an estimated $24.4M. The largest seller was State of Michigan Retirement System, exiting entirely with an estimated $21M sold.
- 177 institutional investors held TC Pipelines LP (TCP) as of Q3 2017, down from 184 in Q2 2017.
- Funds reported $2.23B of TC Pipelines LP stock for Q3 2017, down 3.7% quarter-over-quarter.
- 11 funds opened new TC Pipelines LP positions in Q3 2017 and 16 closed out, a net change of -5 holders.
- The largest TC Pipelines LP buyer in Q3 2017 was ALPS Advisors, an estimated $24.4M added.
- The largest TC Pipelines LP seller in Q3 2017 was State of Michigan Retirement System, an estimated $21M sold.
Based on aggregated 13F filings for Q3 2017.