GDL Fund
31 hedge funds and large institutions have $44.2M invested in GDL Fund in 2026 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 13 increasing their positions, 6 reducing their positions, and 3 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 6
5% more capital invested
Capital invested by funds: $42M → $44.2M (+$2.25M)
4.49% more ownership
Funds ownership: 44.05% → 48.54% (+4.5%)
3% less funds holding
Funds holding: 32 → 31 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$3.26M |
| 2 |
ZA
Zazove Associates
Incline Village,
Nevada
|
+$1.02M |
| 3 |
GC
GatePass Capital
Independence,
Ohio
|
+$209K |
| 4 |
Morgan Stanley
New York
|
+$198K |
| 5 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$62.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.1M |
| 2 |
SMA
Seven Mile Advisory
Ewing,
New Jersey
|
-$338K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$181K |
| 4 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$161K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$28.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KG
26
Kilter Group
Rhinebeck,
New York
| $13.4K | +$702 | +83 | +5% |
|
|
MO
27
McMillan Office
St. Clair Shores,
Michigan
| $8.33K | – | – | – |
|
|
HWP
28
Highline Wealth Partners
Sherman Oaks,
California
| $2.71K | – | – | – |
|
|
TWC
29
TD Waterhouse Canada
Toronto,
Ontario, Canada
| $2.49K | +$2.54K | +300 | New |
|
30
UBS Group
Zurich,
Switzerland
| $1.81K | -$24.5K | -2,900 | -93% |
|
|
BC
31
Barrett & Company
Providence,
Rhode Island
| $1.67K | – | – | – |
|
|
CA
32
Cornerstone Advisors
Asheville,
North Carolina
| – | -$1.1M | -130,325 | Closed |
|
|
SMA
33
Seven Mile Advisory
Ewing,
New Jersey
| – | -$338K | -39,954 | Closed |
|
|
34
Stifel Financial
St. Louis,
Missouri
| – | -$181K | -21,391 | Closed |
|
GDL Hedge Fund Activity: Q1 2026 in Review
31 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q1 2026, worth a combined $44.2M — up 5.4% from $42M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of GDL and 2 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 13 added.
The largest buyer was Independent Advisor Alliance, opening a new position worth an estimated $3.26M. The largest seller was Cornerstone Advisors, exiting entirely with an estimated $1.1M sold.
- 31 institutional investors held GDL Fund (GDL) as of Q1 2026, down from 32 in Q4 2025.
- Funds reported $44.2M of GDL Fund stock for Q1 2026, up 5.4% quarter-over-quarter.
- 2 funds opened new GDL Fund positions in Q1 2026 and 3 closed out, a net change of -1 holder.
- The largest GDL Fund buyer in Q1 2026 was Independent Advisor Alliance, an estimated $3.26M added.
- The largest GDL Fund seller in Q1 2026 was Cornerstone Advisors, an estimated $1.1M sold.
Based on aggregated 13F filings for Q1 2026.