Summit Capital Management’s GDL Fund GDL Stock Holding History

Summit Capital Management’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
2016 Q1	–	Sell	-50,132	Closed	-$502K	–	67
2015 Q4	$502K	Sell	50,132 -35,006	-41%	-$350K	0.2%	57
2015 Q3	$834K	Sell	85,138 -14,519	-15%	-$147K	0.41%	47
2015 Q2	$1.02M	Sell	99,657 -9,866	-9%	-$102K	0.43%	43
2015 Q1	$1.13M	Sell	109,523 -59,662	-35%	-$612K	0.46%	46
2014 Q4	$1.73M	Buy	169,185 +11,047	+7%	+$114K	0.65%	32
2014 Q3	$1.67M	Buy	158,138 +16,860	+12%	+$181K	0.59%	42
2014 Q2	$1.53M	Buy	141,278 +92,670	+191%	+$1.02M	0.55%	42
2014 Q1	$536K	Buy	48,608 +15,655	+48%	+$174K	0.19%	47
2013 Q4	$363K	Buy	32,953 +11,200	+51%	+$126K	0.14%	54
2013 Q3	$245K	Hold	21,753	–	–	0.12%	43
2013 Q2	$249K	Buy	+21,753	New	+$254K	0.11%	41

Other funds holding GDL

Lazard Asset Management New York $60.8B AUM 22.47% 1-Year Est. Return

GCIA

Gabelli & Co Investment Advisers Rye, New York $674M AUM 64.46% 1-Year Est. Return

GPC

Glacier Peak Capital Bellevue, Washington $96.2M AUM 0.45% 1-Year Est. Return

AAM

Advisors Asset Management Monument, Colorado $6.01B AUM 24.74% 1-Year Est. Return

PAIM

Punch & Associates Investment Management Edina, Minnesota $1.73B AUM 27.65% 1-Year Est. Return

RCM

Rivernorth Capital Management West Palm Beach, Florida $2B AUM 0.79% 1-Year Est. Return

Matisse Capital Portland, Oregon $234M AUM 19.72% 1-Year Est. Return

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

Cornerstone Advisors Asheville, North Carolina $2.72B AUM 22.17% 1-Year Est. Return

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

Summit Capital Management's GDL Position: Q1 2016 in Review

Summit Capital Management sold out of GDL Fund (GDL) in Q1 2016, closing a stake of 50,132 shares — an estimated $502K sold.

Summit Capital Management first reported a position in GDL in Q2 2013 and held it in 11 quarters. The position peaked at $1.73M in Q4 2014. 46 funds tracked by Wall St. Rank hold GDL as of Q1 2016.

Summit Capital Management reported no remaining GDL Fund position as of Q1 2016 after selling out during the quarter.
Summit Capital Management sold 50,132 GDL Fund shares in Q1 2016, an estimated $502K.
Summit Capital Management first reported a position in GDL Fund in Q2 2013 and held it in 11 quarters.
Summit Capital Management's GDL Fund position peaked at $1.73M in Q4 2014.
46 funds tracked by Wall St. Rank held GDL Fund as of Q1 2016.

Based on Summit Capital Management's 13F filing for Q1 2016, filed 11 May 2016.