TORTOISE PIPELINE & ENERGY FUND, INC.
TTP was delisted on the 20th of December, 2024.
33 hedge funds and large institutions have $24.5M invested in TORTOISE PIPELINE & ENERGY FUND, INC. in 2018 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 16 reducing their positions, and 6 closing their positions.
11% less funds holding
Funds holding: 37 → 33 (-4)
40% less capital invested
Capital invested by funds: $40.6M → $24.5M (-$16.1M)
44% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 16
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LNC
Lincoln National Corp
Radnor,
Pennsylvania
|
+$1.04M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$381K |
| 3 |
TSS
Two Sigma Securities
New York
|
+$309K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$292K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$275K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.36M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.29M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.18M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$993K |
| 5 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$823K |
TTP Hedge Fund Activity: Q4 2018 in Review
33 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in TORTOISE PIPELINE & ENERGY FUND, INC. (TTP) for Q4 2018, worth a combined $24.5M — down 40% from $40.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of TTP and 3 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 9 added.
The largest buyer was Lincoln National Corp, adding an estimated $1.04M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $1.36M.
- 33 institutional investors held TORTOISE PIPELINE & ENERGY FUND, INC. (TTP) as of Q4 2018, down from 37 in Q3 2018.
- Funds reported $24.5M of TORTOISE PIPELINE & ENERGY FUND, INC. stock for Q4 2018, down 40% quarter-over-quarter.
- 3 funds opened new TORTOISE PIPELINE & ENERGY FUND, INC. positions in Q4 2018 and 6 closed out, a net change of -3 holders.
- The largest TORTOISE PIPELINE & ENERGY FUND, INC. buyer in Q4 2018 was Lincoln National Corp, an estimated $1.04M added.
- The largest TORTOISE PIPELINE & ENERGY FUND, INC. seller in Q4 2018 was Thomas J. Herzfeld Advisors, an estimated $1.36M sold.
Based on aggregated 13F filings for Q4 2018.