We are live on ! Find out more
GDL

GDL Fund
GDL

43 hedge funds and large institutions have $89.9M invested in GDL Fund in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 10 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 2

90% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 10

5% more funds holding

Funds holding: 41 → 43 (+2)

2.44% more ownership

Funds ownership: 38.26% → 40.71% (+2.4%)

3% more capital invested

Capital invested by funds: $87.1M → $89.9M (+$2.87M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
43
Holders Change
+2
Holders Change %
+4.88%
% of All Funds
1.25%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
4
Increased
19
Reduced
10
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FIMG
Financial & Investment Management Group
Michigan
+$1.69M
2
RCM
Rivernorth Capital Management
Florida
+$1.54M
3
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$1.09M
4
CA
Cornerstone Advisors
North Carolina
+$742K
5
AA
Ancora Advisors
Ohio
+$627K

Top Sellers

Rank Fund Capital Flow
1
TC
TFS Capital
Pennsylvania
-$1.03M
2
Bank of America
Bank of America
North Carolina
-$647K
3
GC
Guggenheim Capital
Illinois
-$321K
4
LPL Financial
LPL Financial
California
-$223K
5
Morgan Stanley
Morgan Stanley
New York
-$128K
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
26
Wolverine Asset Management
Illinois
$220K +$14.9K +1,388 +7%
IC
27
InterOcean Capital
Illinois
$215K -$50.4K -4,700 -19%
LPL Financial
28
LPL Financial
California
$203K -$223K -20,845 -52%
WS
29
Wedbush Securities
California
$192K +$28.6K +2,666 +17%
BBPWM
30
Blue Bell Private Wealth Management
Pennsylvania
$151K -$25.7K -2,400 -14%
RTS
31
Round Table Services
New Jersey
$148K +$150K +14,000 New
U
32
UBS
Switzerland
$125K -$28.5K -2,663 -18%
TJHA
33
Thomas J. Herzfeld Advisors
Florida
$105K – – –
JAM
34
Jolley Asset Management
North Carolina
$96K – – –
WA
35
WFG Advisors
Texas
$58K – – –
BAM
36
Barrett Asset Management
New York
$51K +$51.4K +4,795 New
GFM
37
Gramercy Funds Management
Connecticut
$37K +$37.5K +3,500 New
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$28K – – –
Citigroup
39
Citigroup
New York
$17K +$7.63K +712 +84%
S
40
SignatureFD
Georgia
$16K – – –
TCOV
41
Trust Company of Vermont
Vermont
$16K – – –
DADC
42
D.A. Davidson & Co
Montana
$2K – – –
TC
43
TFS Capital
Pennsylvania
– -$1.03M -94,735 Closed
VKH
44
Virtu KCG Holdings
New York
– -$128K -11,792 Closed
1
2

GDL Hedge Fund Activity: Q3 2014 in Review

43 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q3 2014, worth a combined $89.9M — up 3.3% from $87.1M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new GDL positions and 2 closed out — a net gain of 2 holders — while 19 added to existing stakes and 10 trimmed.

The largest buyer was Financial & Investment Management Group, opening a new position worth an estimated $1.69M. The largest seller was TFS Capital, exiting entirely with an estimated $1.03M sold.

  • 43 institutional investors held GDL Fund (GDL) as of Q3 2014, up from 41 in Q2 2014.
  • Funds reported $89.9M of GDL Fund stock for Q3 2014, up 3.3% quarter-over-quarter.
  • 4 funds opened new GDL Fund positions in Q3 2014 and 2 closed out, a net change of +2 holders.
  • The largest GDL Fund buyer in Q3 2014 was Financial & Investment Management Group, an estimated $1.69M added.
  • The largest GDL Fund seller in Q3 2014 was TFS Capital, an estimated $1.03M sold.

Based on aggregated 13F filings for Q3 2014.