TC Pipelines LP
TCP
TCP was delisted on the 2nd of March, 2021.
131 hedge funds and large institutions have $1.2B invested in TC Pipelines LP in 2020 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 38 increasing their positions, 40 reducing their positions, and 12 closing their positions.
369% more call options, than puts
Call options by funds: $1.27M | Put options by funds: $271K
1% less funds holding
Funds holding: 132 → 131 (-1)
5% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 40
8% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 12
19% less capital invested
Capital invested by funds: $1.48B → $1.2B (-$274M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$15.3M |
| 2 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$11.4M |
| 3 |
SCA
Salient Capital Advisors
Houston,
Texas
|
+$7.82M |
| 4 |
IG
ING Group
Amsterdam,
Netherlands
|
+$5.36M |
| 5 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$5.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$13.5M |
| 2 |
Goldman Sachs
New York
|
-$11.8M |
| 3 |
Citigroup
New York
|
-$9.35M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$9.03M |
| 5 |
EIP
Energy Income Partners
Westport,
Connecticut
|
-$8.32M |
TCP Hedge Fund Activity: Q3 2020 in Review
131 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in TC Pipelines LP (TCP) for Q3 2020, worth a combined $1.2B — down 19% from $1.48B a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of TCP and 11 opened new positions — a net loss of 1 holder — while 40 trimmed existing stakes and 38 added.
The largest buyer was Morgan Stanley, adding an estimated $15.3M. The largest seller was Bank of Montreal, cutting an estimated $13.5M.
- 131 institutional investors held TC Pipelines LP (TCP) as of Q3 2020, down from 132 in Q2 2020.
- Funds reported $1.2B of TC Pipelines LP stock for Q3 2020, down 19% quarter-over-quarter.
- 11 funds opened new TC Pipelines LP positions in Q3 2020 and 12 closed out, a net change of -1 holder.
- The largest TC Pipelines LP buyer in Q3 2020 was Morgan Stanley, an estimated $15.3M added.
- The largest TC Pipelines LP seller in Q3 2020 was Bank of Montreal, an estimated $13.5M sold.
Based on aggregated 13F filings for Q3 2020.