TORTOISE PIPELINE & ENERGY FUND, INC.
TTP was delisted on the 20th of December, 2024.
29 hedge funds and large institutions have $25.3M invested in TORTOISE PIPELINE & ENERGY FUND, INC. in 2023 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
6% more capital invested
Capital invested by funds: $23.9M → $25.3M (+$1.4M)
4% more funds holding
Funds holding: 28 → 29 (+1)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.22M |
| 2 |
SOA
Sea Otter Advisors
Miami,
Florida
|
+$71K |
| 3 |
SCM
Saba Capital Management
New York
|
+$63.8K |
| 4 |
Comerica Bank
Dallas,
Texas
|
+$51K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$31.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.26M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
-$472K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$426K |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
-$250K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$73.7K |
TTP Hedge Fund Activity: Q3 2023 in Review
29 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in TORTOISE PIPELINE & ENERGY FUND, INC. (TTP) for Q3 2023, worth a combined $25.3M — up 5.9% from $23.9M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new TTP positions and 2 closed out — a net gain of 1 holder — while 7 added to existing stakes and 10 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $3.22M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.26M.
- 29 institutional investors held TORTOISE PIPELINE & ENERGY FUND, INC. (TTP) as of Q3 2023, up from 28 in Q2 2023.
- Funds reported $25.3M of TORTOISE PIPELINE & ENERGY FUND, INC. stock for Q3 2023, up 5.9% quarter-over-quarter.
- 3 funds opened new TORTOISE PIPELINE & ENERGY FUND, INC. positions in Q3 2023 and 2 closed out, a net change of +1 holder.
- The largest TORTOISE PIPELINE & ENERGY FUND, INC. buyer in Q3 2023 was Sit Investment Associates, an estimated $3.22M added.
- The largest TORTOISE PIPELINE & ENERGY FUND, INC. seller in Q3 2023 was Rivernorth Capital Management, an estimated $1.26M sold.
Based on aggregated 13F filings for Q3 2023.