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GDL

GDL Fund
GDL

40 hedge funds and large institutions have $94.9M invested in GDL Fund in 2013 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 11

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.17% less ownership

Funds ownership: 40.16% → 39.99% (-0.17%)

2% less capital invested

Capital invested by funds: $96.5M → $94.9M (-$1.58M)

2% less funds holding

Funds holding: 41 → 40 (-1)

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 1

Holders
40
Holders Change
-1
Holders Change %
-2.44%
% of All Funds
1.3%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
–
Increased
17
Reduced
11
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
+$1.58M
2
GPC
Glacier Peak Capital
Washington
+$732K
3
PAIM
Punch & Associates Investment Management
Minnesota
+$704K
4
GC
Guggenheim Capital
Illinois
+$556K
5
Morgan Stanley
Morgan Stanley
New York
+$483K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$3.01M
2
AAM
Advisors Asset Management
Colorado
-$1.71M
3
PPA
Parametric Portfolio Associates
Washington
-$426K
4
AA
Ancora Advisors
Ohio
-$374K
5
Lazard Asset Management
Lazard Asset Management
New York
-$252K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$207K +$40.8K +3,572 +24%
SNC
27
Stifel Nicolaus & Co
Missouri
$198K +$29.8K +2,606 +17%
CA
28
Cornerstone Advisors
North Carolina
$159K – – –
TJHA
29
Thomas J. Herzfeld Advisors
Florida
$124K – – –
JAM
30
Jolley Asset Management
North Carolina
$103K – – –
WA
31
WFG Advisors
Texas
$62K +$22.9K +2,000 +57%
Citigroup
32
Citigroup
New York
$18K +$9.21K +806 +101%
TCOV
33
Trust Company of Vermont
Vermont
$17K – – –
Invesco
34
Invesco
Georgia
$14K -$6.12K -536 -30%
US Bancorp
35
US Bancorp
Minnesota
$14K – – –
MFS
36
MSI Financial Services
Massachusetts
$8K – – –
AIG
37
American International Group
New York
$7.84K – – –
Ameriprise
38
Ameriprise
Minnesota
$6K – – –
TRCT
39
Tower Research Capital (TRC)
New York
$2K -$6.86K -600 -75%
DADC
40
D.A. Davidson & Co
Montana
$2K – – –
TF
41
Tompkins Financial
New York
– -$1K -56 Closed
1
2

GDL Hedge Fund Activity: Q3 2013 in Review

40 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q3 2013, worth a combined $94.9M — down 1.6% from $96.5M a quarter earlier.

Sellers outnumbered buyers: 1 fund closed out of GDL and 0 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 17 added.

The largest buyer was Deutsche Bank, adding an estimated $1.58M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.01M.

  • 40 institutional investors held GDL Fund (GDL) as of Q3 2013, down from 41 in Q2 2013.
  • Funds reported $94.9M of GDL Fund stock for Q3 2013, down 1.6% quarter-over-quarter.
  • 0 funds opened new GDL Fund positions in Q3 2013 and 1 closed out, a net change of -1 holder.
  • The largest GDL Fund buyer in Q3 2013 was Deutsche Bank, an estimated $1.58M added.
  • The largest GDL Fund seller in Q3 2013 was Rivernorth Capital Management, an estimated $3.01M sold.

Based on aggregated 13F filings for Q3 2013.