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GDL

GDL Fund
GDL

41 hedge funds and large institutions have $87.1M invested in GDL Fund in 2014 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

40% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 10

8% more funds holding

Funds holding: 38 → 41 (+3)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.03% less ownership

Funds ownership: 38.29% → 38.26% (-0.03%)

2% less capital invested

Capital invested by funds: $88.9M → $87.1M (-$1.79M)

Holders
41
Holders Change
+3
Holders Change %
+7.89%
% of All Funds
1.18%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
6
Increased
14
Reduced
10
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$1.02M
2
SCM
Summit Capital Management
Washington
+$1.02M
3
GC
Guggenheim Capital
Illinois
+$1.01M
4
TC
TFS Capital
Pennsylvania
+$833K
5
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$439K

Top Sellers

Rank Fund Capital Flow
1
Lazard Asset Management
Lazard Asset Management
New York
-$5.75M
2
RJA
Raymond James & Associates
Florida
-$799K
3
GPC
Glacier Peak Capital
Washington
-$331K
4
DA
Doliver Advisors
Texas
-$227K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$192K
Name Holding Trade Value Shares
Change 		Change in
Stake
IC
26
InterOcean Capital
Illinois
$273K +$276K +25,125 New
WAM
27
Wolverine Asset Management
Illinois
$212K +$151K +13,709 +235%
BBPWM
28
Blue Bell Private Wealth Management
Pennsylvania
$182K +$174K +15,807 +1,691%
WS
29
Wedbush Securities
California
$168K +$170K +15,495 New
U
30
UBS
Switzerland
$157K -$47.3K -4,310 -23%
BI
31
Bulldog Investors
New Jersey
$137K +$138K +12,579 New
VKH
32
Virtu KCG Holdings
New York
$128K +$129K +11,792 New
TJHA
33
Thomas J. Herzfeld Advisors
Florida
$108K -$11K -1,001 -9%
JAM
34
Jolley Asset Management
North Carolina
$99K – – –
WA
35
WFG Advisors
Texas
$60K – – –
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$29K -$192K -17,532 -87%
TCOV
37
Trust Company of Vermont
Vermont
$17K – – –
S
38
SignatureFD
Georgia
$16K – – –
Citigroup
39
Citigroup
New York
$9K – – –
DADC
40
D.A. Davidson & Co
Montana
$2K – – –
Envestnet Asset Management
41
Envestnet Asset Management
Illinois
– -$57K -5,139 Closed
Creative Planning
42
Creative Planning
Kansas
– -$17K -1,500 Closed
KCPG
43
Kavar Capital Partners Group
Kansas
– -$11K -1,000 Closed
1
2

GDL Hedge Fund Activity: Q2 2014 in Review

41 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q2 2014, worth a combined $87.1M — down 2% from $88.9M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new GDL positions and 3 closed out — a net gain of 3 holders — while 14 added to existing stakes and 10 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $1.02M. The largest seller was Lazard Asset Management, cutting an estimated $5.75M.

  • 41 institutional investors held GDL Fund (GDL) as of Q2 2014, up from 38 in Q1 2014.
  • Funds reported $87.1M of GDL Fund stock for Q2 2014, down 2% quarter-over-quarter.
  • 6 funds opened new GDL Fund positions in Q2 2014 and 3 closed out, a net change of +3 holders.
  • The largest GDL Fund buyer in Q2 2014 was Rivernorth Capital Management, an estimated $1.02M added.
  • The largest GDL Fund seller in Q2 2014 was Lazard Asset Management, an estimated $5.75M sold.

Based on aggregated 13F filings for Q2 2014.