TORTOISE PIPELINE & ENERGY FUND, INC.
TTP was delisted on the 20th of December, 2024.
26 hedge funds and large institutions have $27.2M invested in TORTOISE PIPELINE & ENERGY FUND, INC. in 2019 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 6 closing their positions.
9% less capital invested
Capital invested by funds: $30M → $27.2M (-$2.8M)
13% less funds holding
Funds holding: 30 → 26 (-4)
33% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 12
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$3.09M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.6M |
| 3 |
LNC
Lincoln National Corp
Radnor,
Pennsylvania
|
+$379K |
| 4 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$190K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$92.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.75M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.12M |
| 3 |
QCMNJ
Quantum Capital Management (New Jersey)
Northfield,
New Jersey
|
-$973K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$675K |
| 5 |
PSUF
People's United Financial
Bridgeport,
Connecticut
|
-$550K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AWM
26
Avior Wealth Management
Omaha,
Nebraska
| $5K | – | – | – |
|
|
TJHA
27
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$1.12M | -19,529 | Closed |
|
|
QCMNJ
28
Quantum Capital Management (New Jersey)
Northfield,
New Jersey
| – | -$973K | -16,919 | Closed |
|
|
PSUF
29
People's United Financial
Bridgeport,
Connecticut
| – | -$550K | -9,575 | Closed |
|
|
OIA
30
OneDigital Investment Advisors
Overland Park,
Kansas
| – | -$32K | -562 | Closed |
|
31
US Bancorp
Minneapolis,
Minnesota
| – | -$14K | -250 | Closed |
|
32
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$14K | -241 | Closed |
|
TTP Hedge Fund Activity: Q3 2019 in Review
26 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in TORTOISE PIPELINE & ENERGY FUND, INC. (TTP) for Q3 2019, worth a combined $27.2M — down 9.3% from $30M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of TTP and 2 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 8 added.
The largest buyer was Kayne Anderson Capital Advisors, adding an estimated $3.09M. The largest seller was Raymond James & Associates, cutting an estimated $1.75M.
- 26 institutional investors held TORTOISE PIPELINE & ENERGY FUND, INC. (TTP) as of Q3 2019, down from 30 in Q2 2019.
- Funds reported $27.2M of TORTOISE PIPELINE & ENERGY FUND, INC. stock for Q3 2019, down 9.3% quarter-over-quarter.
- 2 funds opened new TORTOISE PIPELINE & ENERGY FUND, INC. positions in Q3 2019 and 6 closed out, a net change of -4 holders.
- The largest TORTOISE PIPELINE & ENERGY FUND, INC. buyer in Q3 2019 was Kayne Anderson Capital Advisors, an estimated $3.09M added.
- The largest TORTOISE PIPELINE & ENERGY FUND, INC. seller in Q3 2019 was Raymond James & Associates, an estimated $1.75M sold.
Based on aggregated 13F filings for Q3 2019.