TC Pipelines LP
TCP
TCP was delisted on the 2nd of March, 2021.
177 hedge funds and large institutions have $2.4B invested in TC Pipelines LP in 2016 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 62 increasing their positions, 45 reducing their positions, and 9 closing their positions.
156% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 9
38% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 45
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
9% more capital invested
Capital invested by funds: $2.21B → $2.4B (+$193M)
7% more funds holding
Funds holding: 165 → 177 (+12)
31% less call options, than puts
Call options by funds: $3.63M | Put options by funds: $5.25M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$30M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$28.3M |
| 3 |
EIP
Energy Income Partners
Westport,
Connecticut
|
+$20.6M |
| 4 |
TA
Tiedemann Advisors
New York
|
+$15.4M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$15.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NC
Nicholas Company
Milwaukee,
Wisconsin
|
-$31.4M |
| 2 |
CCCA
Center Coast Capital Advisors
Houston,
Texas
|
-$11.1M |
| 3 |
IG
ING Group
Amsterdam,
Netherlands
|
-$10.6M |
| 4 |
Renaissance Technologies
New York
|
-$4.87M |
| 5 |
NIM
NXG Investment Management
Dallas,
Texas
|
-$3.32M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PA
176
Parallel Advisors
San Francisco,
California
| $6K | +$5.4K | +100 | New |
|
177
Bessemer Group
Woodbridge,
New Jersey
| $3K | – | – | – |
|
|
NC
178
Nicholas Company
Milwaukee,
Wisconsin
| – | -$31.4M | -550,407 | Closed |
|
|
IG
179
ING Group
Amsterdam,
Netherlands
| – | -$10.6M | -183,739 | Closed |
|
|
LWCA
180
Locust Wood Capital Advisers
New York
| – | -$1.99M | -34,963 | Closed |
|
|
DC
181
Deere & Company
Moline,
Illinois
| – | -$1.22M | -21,422 | Closed |
|
|
SGCA
182
Steel Grove Capital Advisors
Memphis,
Tennessee
| – | -$654K | -11,473 | Closed |
|
183
Verition Fund Management
Greenwich,
Connecticut
| – | -$570K | -10,000 | Closed |
|
184
Envestnet Asset Management
Chicago,
Illinois
| – | -$533K | -9,342 | Closed |
|
|
LAM
185
Lebenthal Asset Management
New York
| – | -$11K | -200 | Closed |
|
|
DAM
186
Delta Asset Management
Memphis,
Tennessee
| – | -$432 | -8 | -53% |
|
TCP Hedge Fund Activity: Q4 2016 in Review
177 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in TC Pipelines LP (TCP) for Q4 2016, worth a combined $2.4B — up 8.7% from $2.21B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new TCP positions and 9 closed out — a net gain of 14 holders — while 62 added to existing stakes and 45 trimmed.
The largest buyer was Kayne Anderson Capital Advisors, adding an estimated $30M. The largest seller was Nicholas Company, exiting entirely with an estimated $31.4M sold.
- 177 institutional investors held TC Pipelines LP (TCP) as of Q4 2016, up from 165 in Q3 2016.
- Funds reported $2.4B of TC Pipelines LP stock for Q4 2016, up 8.7% quarter-over-quarter.
- 23 funds opened new TC Pipelines LP positions in Q4 2016 and 9 closed out, a net change of +14 holders.
- The largest TC Pipelines LP buyer in Q4 2016 was Kayne Anderson Capital Advisors, an estimated $30M added.
- The largest TC Pipelines LP seller in Q4 2016 was Nicholas Company, an estimated $31.4M sold.
Based on aggregated 13F filings for Q4 2016.