Cornerstone Advisors’s GDL Fund GDL Stock Holding History

Cornerstone Advisors’s Portfolio GDL Stock Details GDL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-130,325	Closed	-$1.1M	–	127
2025 Q4	$1.1M	Sell	130,325 -17,580	-12%	-$149K	0.04%	152
2025 Q3	$1.26M	Sell	147,905 -12,198	-8%	-$103K	0.04%	192
2025 Q2	$1.34M	Buy	160,103 +680	+0.4%	+$5.57K	0.05%	202
2025 Q1	$1.31M	Sell	159,423 -30,385	-16%	-$251K	0.06%	202
2024 Q4	$1.52M	Sell	189,808 -11,179	-6%	-$90.6K	0.06%	195
2024 Q3	$1.64M	Buy	200,987 +12,699	+7%	+$102K	0.06%	204
2024 Q2	$1.48M	Buy	188,288 +16,075	+9%	+$126K	0.06%	209
2024 Q1	$1.37M	Sell	172,213 -10,130	-6%	-$80.1K	0.06%	245
2023 Q4	$1.47M	Buy	182,343 +5,018	+3%	+$39.3K	0.06%	236
2023 Q3	$1.37M	Sell	177,325 -12,749	-7%	-$100K	0.06%	239
2023 Q2	$1.49M	Sell	190,074 -25,666	-12%	-$201K	0.07%	186
2023 Q1	$1.69M	Sell	215,740 -8,929	-4%	-$71.1K	0.08%	152
2022 Q4	$1.76M	Buy	224,669 +30,114	+15%	+$238K	0.09%	156
2022 Q3	$1.54M	Buy	194,555 +18,375	+10%	+$150K	0.08%	168
2022 Q2	$1.45M	Buy	176,180 +800	+0.5%	+$6.66K	0.08%	162
2022 Q1	$1.51M	Sell	175,380 -2,000	-1%	-$17.3K	0.09%	147
2021 Q4	$1.58M	Sell	177,380 -33,500	-16%	-$300K	0.09%	159
2021 Q3	$1.89M	Sell	210,880 -37,373	-15%	-$337K	0.11%	154
2021 Q2	$2.25M	Sell	248,253 -7,000	-3%	-$62.8K	0.13%	154
2021 Q1	$2.28M	Sell	255,253 -9,196	-3%	-$81.4K	0.2%	115
2020 Q4	$2.31M	Buy	264,449 +4,100	+2%	+$35.1K	0.2%	109
2020 Q3	$2.18M	Buy	260,349 +10,292	+4%	+$86.4K	0.2%	111
2020 Q2	$2.06M	Buy	250,057 +20,799	+9%	+$169K	0.19%	117
2020 Q1	$1.8M	Sell	229,258 -227,097	-50%	-$2M	0.2%	102
2019 Q4	$4.24M	Buy	+456,355	New	+$4.2M	0.35%	85
2019 Q1	$4.33M	Buy	452,417 +24,245	+6%	+$228K	0.35%	79
2018 Q4	$3.93M	Sell	428,172 -5,056	-1%	-$45.4K	0.34%	79
2018 Q3	$3.94M	Buy	433,228 +59,381	+16%	+$546K	0.28%	101
2018 Q2	$3.43M	Buy	373,847 +76,660	+26%	+$715K	0.42%	68
2018 Q1	$2.77M	Buy	297,187 +51,776	+21%	+$499K	0.33%	91
2017 Q4	$2.39M	Buy	245,411 +78,155	+47%	+$782K	0.27%	102
2017 Q3	$1.71M	Sell	167,256 -69,671	-29%	-$712K	0.2%	144
2017 Q2	$2.43M	Sell	236,927 -87,579	-27%	-$880K	0.45%	64
2017 Q1	$3.2M	Hold	324,506	–	–	0.58%	54
2016 Q4	$3.19M	Buy	324,506 +58,988	+22%	+$577K	0.59%	49
2016 Q3	$2.64M	Hold	265,518	–	–	0.67%	44
2016 Q2	$2.64M	Hold	265,518	–	–	0.65%	47
2016 Q1	$2.65M	Sell	265,518 -25,580	-9%	-$253K	0.64%	45
2015 Q4	$2.91M	Sell	291,098 -5,032	-2%	-$50.3K	0.68%	39
2015 Q3	$2.91M	Hold	296,130	–	–	0.68%	35
2015 Q2	$3.02M	Buy	296,130 +25,881	+10%	+$269K	0.67%	44
2015 Q1	$2.79M	Buy	270,249 +107,138	+66%	+$1.1M	0.58%	50
2014 Q4	$1.67M	Buy	163,111 +59,148	+57%	+$608K	0.33%	84
2014 Q3	$1.1M	Buy	103,963 +69,185	+199%	+$742K	0.21%	133
2014 Q2	$378K	Buy	+34,778	New	+$382K	0.08%	220
2013 Q4	–	Sell	-14,068	Closed	-$159K	–	265
2013 Q3	$159K	Hold	14,068	–	–	0.05%	224
2013 Q2	$160K	Buy	+14,068	New	+$164K	0.06%	195

Other funds holding GDL

GCIA

Gabelli & Co Investment Advisers Rye, New York $674M AUM 64.52% 1-Year Est. Return

Focus Partners Wealth Boston, Massachusetts $89.9B AUM 20.5% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

GAMCO Investors Greenwich, Connecticut $10.2B AUM 30.27% 1-Year Est. Return

Bulldog Investors Saddle Brook, New Jersey $445M AUM 2.55% 1-Year Est. Return

IAA

Independent Advisor Alliance Charlotte, North Carolina $9.32B AUM 33.19% 1-Year Est. Return

Zazove Associates Incline Village, Nevada $1.22B AUM 1.91% 1-Year Est. Return

Ancora Advisors Cleveland, Ohio $4.7B AUM 19.05% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

NewEdge Advisors New Orleans, Louisiana $27.7B AUM 22.98% 1-Year Est. Return

Cornerstone Advisors's GDL Position: Q1 2026 in Review

Cornerstone Advisors sold out of GDL Fund (GDL) in Q1 2026, closing a stake of 130,325 shares — an estimated $1.1M sold.

Cornerstone Advisors first reported a position in GDL in Q2 2013 and held it in 47 quarters. The position peaked at $4.33M in Q1 2019. 31 funds tracked by Wall St. Rank hold GDL as of Q1 2026.

Cornerstone Advisors reported no remaining GDL Fund position as of Q1 2026 after selling out during the quarter.
Cornerstone Advisors sold 130,325 GDL Fund shares in Q1 2026, an estimated $1.1M.
Cornerstone Advisors first reported a position in GDL Fund in Q2 2013 and held it in 47 quarters.
Cornerstone Advisors's GDL Fund position peaked at $4.33M in Q1 2019.
31 funds tracked by Wall St. Rank held GDL Fund as of Q1 2026.

Based on Cornerstone Advisors's 13F filing for Q1 2026, filed 8 May 2026.