GDL Fund
44 hedge funds and large institutions have $88.9M invested in GDL Fund in 2015 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 19 reducing their positions, and 9 closing their positions.
1% more capital invested
Capital invested by funds: $87.8M → $88.9M (+$1.08M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.89% less ownership
Funds ownership: 40.97% → 40.08% (-0.89%)
12% less funds holding
Funds holding: 50 → 44 (-6)
32% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 19
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.38M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.1M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$693K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$311K |
| 5 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$276K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$2.44M |
| 2 |
Morgan Stanley
New York
|
-$749K |
| 3 |
SCM
Summit Capital Management
Seattle,
Washington
|
-$612K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$477K |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
-$462K |
GDL Hedge Fund Activity: Q1 2015 in Review
44 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q1 2015, worth a combined $88.9M — up 1.2% from $87.8M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of GDL and 3 opened new positions — a net loss of 6 holders — while 19 trimmed existing stakes and 13 added.
The largest buyer was Deutsche Bank, adding an estimated $1.38M. The largest seller was Ancora Advisors, exiting entirely with an estimated $2.44M sold.
- 44 institutional investors held GDL Fund (GDL) as of Q1 2015, down from 50 in Q4 2014.
- Funds reported $88.9M of GDL Fund stock for Q1 2015, up 1.2% quarter-over-quarter.
- 3 funds opened new GDL Fund positions in Q1 2015 and 9 closed out, a net change of -6 holders.
- The largest GDL Fund buyer in Q1 2015 was Deutsche Bank, an estimated $1.38M added.
- The largest GDL Fund seller in Q1 2015 was Ancora Advisors, an estimated $2.44M sold.
Based on aggregated 13F filings for Q1 2015.