TC Pipelines LP
TCP
TCP was delisted on the 2nd of March, 2021.
132 hedge funds and large institutions have $1.31B invested in TC Pipelines LP in 2020 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 32 increasing their positions, 37 reducing their positions, and 26 closing their positions.
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
15% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 26
1% more funds holding
Funds holding: 131 → 132 (+1)
14% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 37
15% less call options, than puts
Call options by funds: $1.63M | Put options by funds: $1.93M
34% less capital invested
Capital invested by funds: $1.97B → $1.31B (-$666M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$56.3M |
| 2 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$30.2M |
| 3 |
JP Morgan Chase
New York
|
+$22.6M |
| 4 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$21.7M |
| 5 |
Citigroup
New York
|
+$21.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$111M |
| 2 |
ClearBridge Investments
New York
|
-$39.6M |
| 3 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$9.71M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$9.36M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$8.52M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$242K | -5,712 | Closed |
|
|
SPIO
152
Seven Post Investment Office
San Francisco,
California
| – | -$233K | -5,500 | Closed |
|
|
FC
153
FORA Capital
Miami,
Florida
| – | -$228K | -5,397 | Closed |
|
|
ZB
154
Zions Bancorporation
Salt Lake City,
Utah
| – | -$51K | -1,202 | Closed |
|
|
CDIA
155
Capital Directions Investment Advisors
Atlanta,
Georgia
| – | -$32K | -750 | Closed |
|
|
RIA
156
Realta Investment Advisors
Wilmington,
Delaware
| – | -$18K | -455 | Closed |
|
|
CAN
157
Claraphi Advisory Network
Aliso Viejo,
United States
| – | +$261 | +7 | New |
|
TCP Hedge Fund Activity: Q1 2020 in Review
132 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in TC Pipelines LP (TCP) for Q1 2020, worth a combined $1.31B — down 34% from $1.97B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new TCP positions and 26 closed out — a net gain of 4 holders — while 32 added to existing stakes and 37 trimmed.
The largest buyer was CIBC Private Wealth Group, opening a new position worth an estimated $56.3M. The largest seller was Invesco, cutting an estimated $111M.
- 132 institutional investors held TC Pipelines LP (TCP) as of Q1 2020, up from 131 in Q4 2019.
- Funds reported $1.31B of TC Pipelines LP stock for Q1 2020, down 34% quarter-over-quarter.
- 30 funds opened new TC Pipelines LP positions in Q1 2020 and 26 closed out, a net change of +4 holders.
- The largest TC Pipelines LP buyer in Q1 2020 was CIBC Private Wealth Group, an estimated $56.3M added.
- The largest TC Pipelines LP seller in Q1 2020 was Invesco, an estimated $111M sold.
Based on aggregated 13F filings for Q1 2020.