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GDL

GDL Fund
GDL

50 hedge funds and large institutions have $87.8M invested in GDL Fund in 2014 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 16 reducing their positions, and 0 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more funds holding

Funds holding: 43 → 50 (+7)

0.26% more ownership

Funds ownership: 40.71% → 40.97% (+0.26%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 16

2% less capital invested

Capital invested by funds: $89.9M → $87.8M (-$2.13M)

Holders
50
Holders Change
+7
Holders Change %
+16.28%
% of All Funds
1.33%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
16
Reduced
16
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
+$799K
2
CA
Cornerstone Advisors
North Carolina
+$608K
3
AA
Ancora Advisors
Ohio
+$551K
4
FIMG
Financial & Investment Management Group
Michigan
+$450K
5
ST
Sentinel Trust
Texas
+$405K

Top Sellers

Rank Fund Capital Flow
1
PAIM
Punch & Associates Investment Management
Minnesota
-$1.73M
2
GPC
Glacier Peak Capital
Washington
-$873K
3
Morgan Stanley
Morgan Stanley
New York
-$767K
4
GC
Guggenheim Capital
Illinois
-$481K
5
LTFS
Ladenburg Thalmann Financial Services
Florida
-$361K
Name Holding Trade Value Shares
Change 		Change in
Stake
TC
26
TFS Capital
Pennsylvania
$271K +$272K +26,451 New
SG Americas Securities
27
SG Americas Securities
New York
$233K +$234K +22,796 New
WS
28
Wedbush Securities
California
$191K +$5.66K +550 +3%
IC
29
InterOcean Capital
Illinois
$170K -$39.3K -3,825 -19%
RTS
30
Round Table Services
New Jersey
$143K – – –
BBPWM
31
Blue Bell Private Wealth Management
Pennsylvania
$135K -$11.3K -1,100 -8%
UBS Group
32
UBS Group
Switzerland
$127K +$128K +12,428 New
WAM
33
Wolverine Asset Management
Illinois
$125K -$88.8K -8,638 -41%
LPL Financial
34
LPL Financial
California
$117K -$82.2K -7,990 -41%
Stifel Financial
35
Stifel Financial
Missouri
$105K +$106K +10,290 New
TJHA
36
Thomas J. Herzfeld Advisors
Florida
$102K – – –
JAM
37
Jolley Asset Management
North Carolina
$93K – – –
WA
38
WFG Advisors
Texas
$56K – – –
GFM
39
Gramercy Funds Management
Connecticut
$36K – – –
PAM
40
Panagora Asset Management
Massachusetts
$23K +$23.5K +2,283 New
DADC
41
D.A. Davidson & Co
Montana
$17K +$15.4K +1,500 +750%
RC
42
RegentAtlantic Capital
New Jersey
$16.9K +$17K +1,655 New
TCOV
43
Trust Company of Vermont
Vermont
$16K – – –
S
44
SignatureFD
Georgia
$15K – – –
NPC
45
National Planning Corporation
California
$11.7K +$11.9K +1,154 New
BAM
46
Barrett Asset Management
New York
$10K -$39K -3,795 -79%
Citigroup
47
Citigroup
New York
$10K -$6.51K -633 -41%
Royal Bank of Canada
48
Royal Bank of Canada
Ontario, Canada
$7K -$20.4K -1,979 -74%
LTFS
49
Ladenburg Thalmann Financial Services
Florida
$3K -$361K -35,104 -99%
1
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GDL Hedge Fund Activity: Q4 2014 in Review

50 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q4 2014, worth a combined $87.8M — down 2.4% from $89.9M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new GDL positions and 0 closed out — a net gain of 8 holders — while 16 added to existing stakes and 16 trimmed.

The largest buyer was 1607 Capital Partners, adding an estimated $799K. The largest seller was Punch & Associates Investment Management, cutting an estimated $1.73M.

  • 50 institutional investors held GDL Fund (GDL) as of Q4 2014, up from 43 in Q3 2014.
  • Funds reported $87.8M of GDL Fund stock for Q4 2014, down 2.4% quarter-over-quarter.
  • 8 funds opened new GDL Fund positions in Q4 2014 and 0 closed out, a net change of +8 holders.
  • The largest GDL Fund buyer in Q4 2014 was 1607 Capital Partners, an estimated $799K added.
  • The largest GDL Fund seller in Q4 2014 was Punch & Associates Investment Management, an estimated $1.73M sold.

Based on aggregated 13F filings for Q4 2014.