Tortoise Energy Infrastructure Corp
140 hedge funds and large institutions have $474M invested in Tortoise Energy Infrastructure Corp in 2016 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 46 increasing their positions, 45 reducing their positions, and 15 closing their positions.
47% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 15
15% more capital invested
Capital invested by funds: $412M → $474M (+$62.6M)
4% more funds holding
Funds holding: 135 → 140 (+5)
2% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 45
0.76% less ownership
Funds ownership: 8.63% → 7.87% (-0.76%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| 1 |
Morgan Stanley
New York
|
+$12.7M |
| 2 |
HK
Horizon Kinetics
New York
|
+$4.54M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$3.49M |
| 4 |
MWAC
Mariner Wealth Advisors (Cincinnati)
Cincinnati,
Ohio
|
+$3.12M |
| 5 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$2.8M |
Top Sellers
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$16.5M |
| 2 |
JIC
Johnson Investment Counsel
Cincinnati,
Ohio
|
-$14.9M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$6.11M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$5.01M |
| 5 |
LPL Financial
San Diego,
California
|
-$3.82M |
TYG Hedge Fund Activity: Q2 2016 in Review
140 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Tortoise Energy Infrastructure Corp (TYG) for Q2 2016, worth a combined $474M — up 15% from $412M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new TYG positions and 15 closed out — a net gain of 7 holders — while 46 added to existing stakes and 45 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $12.7M. The largest seller was Sit Investment Associates, cutting an estimated $16.5M.
- 140 institutional investors held Tortoise Energy Infrastructure Corp (TYG) as of Q2 2016, up from 135 in Q1 2016.
- Funds reported $474M of Tortoise Energy Infrastructure Corp stock for Q2 2016, up 15% quarter-over-quarter.
- 22 funds opened new Tortoise Energy Infrastructure Corp positions in Q2 2016 and 15 closed out, a net change of +7 holders.
- The largest Tortoise Energy Infrastructure Corp buyer in Q2 2016 was Morgan Stanley, an estimated $12.7M added.
- The largest Tortoise Energy Infrastructure Corp seller in Q2 2016 was Sit Investment Associates, an estimated $16.5M sold.
Based on aggregated 13F filings for Q2 2016.