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GDL

GDL Fund
GDL

38 hedge funds and large institutions have $88.9M invested in GDL Fund in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 7

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2.21% less ownership

Funds ownership: 40.5% → 38.29% (-2.2%)

6% less capital invested

Capital invested by funds: $94M → $88.9M (-$5.18M)

7% less funds holding

Funds holding: 41 → 38 (-3)

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

Holders
38
Holders Change
-3
Holders Change %
-7.32%
% of All Funds
1.1%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
3
Increased
14
Reduced
7
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
+$1.34M
2
GC
Guggenheim Capital
Illinois
+$1.15M
3
PAIM
Punch & Associates Investment Management
Minnesota
+$584K
4
Morgan Stanley
Morgan Stanley
New York
+$534K
5
AA
Ancora Advisors
Ohio
+$512K

Top Sellers

Rank Fund Capital Flow
1
Lazard Asset Management
Lazard Asset Management
New York
-$4.93M
2
GPC
Glacier Peak Capital
Washington
-$2.59M
3
TC
TFS Capital
Pennsylvania
-$477K
4
AAM
Advisors Asset Management
Colorado
-$320K
5
SG Americas Securities
SG Americas Securities
New York
-$277K
Name Holding Trade Value Shares
Change 		Change in
Stake
TJHA
26
Thomas J. Herzfeld Advisors
Florida
$121K – – –
JAM
27
Jolley Asset Management
North Carolina
$101K – – –
WAM
28
Wolverine Asset Management
Illinois
$64K +$64.7K +5,838 New
WA
29
WFG Advisors
Texas
$61K – – –
Envestnet Asset Management
30
Envestnet Asset Management
Illinois
$57K +$57K +5,139 New
Creative Planning
31
Creative Planning
Kansas
$17K – – –
TCOV
32
Trust Company of Vermont
Vermont
$17K – – –
S
33
SignatureFD
Georgia
$16K +$16.5K +1,492 New
KCPG
34
Kavar Capital Partners Group
Kansas
$11K – – –
BBPWM
35
Blue Bell Private Wealth Management
Pennsylvania
$10K – – –
Citigroup
36
Citigroup
New York
$9K -$20.5K -1,846 -68%
DADC
37
D.A. Davidson & Co
Montana
$2K – – –
AAM
38
Advisors Asset Management
Colorado
– -$320K -29,078 Closed
SG Americas Securities
39
SG Americas Securities
New York
– -$277K -25,179 Closed
VAM
40
Visium Asset Management
New York
– -$250K -22,748 Closed
YCM
41
Yakira Capital Management
Connecticut
– -$214K -4,265 Closed
WEC
42
Winslow Evans & Crocker
Massachusetts
– -$1K -128 Closed
1
2

GDL Hedge Fund Activity: Q1 2014 in Review

38 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q1 2014, worth a combined $88.9M — down 5.5% from $94M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of GDL and 3 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 14 added.

The largest buyer was Raymond James & Associates, adding an estimated $1.34M. The largest seller was Lazard Asset Management, cutting an estimated $4.93M.

  • 38 institutional investors held GDL Fund (GDL) as of Q1 2014, down from 41 in Q4 2013.
  • Funds reported $88.9M of GDL Fund stock for Q1 2014, down 5.5% quarter-over-quarter.
  • 3 funds opened new GDL Fund positions in Q1 2014 and 5 closed out, a net change of -2 holders.
  • The largest GDL Fund buyer in Q1 2014 was Raymond James & Associates, an estimated $1.34M added.
  • The largest GDL Fund seller in Q1 2014 was Lazard Asset Management, an estimated $4.93M sold.

Based on aggregated 13F filings for Q1 2014.