TC Pipelines LP
TCP
TCP was delisted on the 2nd of March, 2021.
163 hedge funds and large institutions have $1.4B invested in TC Pipelines LP in 2018 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 55 increasing their positions, 47 reducing their positions, and 32 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 47
10% less funds holding
Funds holding: 181 → 163 (-18)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
41% less capital invested
Capital invested by funds: $2.35B → $1.4B (-$955M)
53% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 32
85% less call options, than puts
Call options by funds: $1.88M | Put options by funds: $12.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$16.4M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$12.8M |
| 3 |
NMIMC
Northwestern Mutual Investment Management Company
Milwaukee,
Wisconsin
|
+$8.18M |
| 4 |
EIP
Energy Income Partners
Westport,
Connecticut
|
+$7.55M |
| 5 |
EGA
Eagle Global Advisors
Houston,
Texas
|
+$7.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FC
Finepoint Capital
Boston,
Massachusetts
|
-$42.5M |
| 2 |
AA
ALPS Advisors
Denver,
Colorado
|
-$6.12M |
| 3 |
NIM
NXG Investment Management
Dallas,
Texas
|
-$6.07M |
| 4 |
Jennison Associates
New York
|
-$6.05M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$5.77M |
TCP Hedge Fund Activity: Q1 2018 in Review
163 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in TC Pipelines LP (TCP) for Q1 2018, worth a combined $1.4B — down 41% from $2.35B a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of TCP and 15 opened new positions — a net loss of 17 holders — while 47 trimmed existing stakes and 55 added.
The largest buyer was CIBC Private Wealth Group, opening a new position worth an estimated $16.4M. The largest seller was Finepoint Capital, cutting an estimated $42.5M.
- 163 institutional investors held TC Pipelines LP (TCP) as of Q1 2018, down from 181 in Q4 2017.
- Funds reported $1.4B of TC Pipelines LP stock for Q1 2018, down 41% quarter-over-quarter.
- 15 funds opened new TC Pipelines LP positions in Q1 2018 and 32 closed out, a net change of -17 holders.
- The largest TC Pipelines LP buyer in Q1 2018 was CIBC Private Wealth Group, an estimated $16.4M added.
- The largest TC Pipelines LP seller in Q1 2018 was Finepoint Capital, an estimated $42.5M sold.
Based on aggregated 13F filings for Q1 2018.