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GDL

GDL Fund
GDL

43 hedge funds and large institutions have $82.7M invested in GDL Fund in 2015 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 15 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

2% more funds holding

Funds holding: 42 → 43 (+1)

0.22% more ownership

Funds ownership: 41.47% → 41.69% (+0.22%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3% less capital invested

Capital invested by funds: $85.5M → $82.7M (-$2.78M)

33% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 15

Holders
43
Holders Change
+1
Holders Change %
+2.38%
% of All Funds
1.2%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
3
Increased
10
Reduced
15
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$2.7M
2
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$1.03M
3
PAIM
Punch & Associates Investment Management
Minnesota
+$304K
4
GI
GAMCO Investors
Connecticut
+$236K
5
GPC
Glacier Peak Capital
Washington
+$129K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.56M
2
AA
Ancora Advisors
Ohio
-$482K
3
ST
Sentinel Trust
Texas
-$464K
4
DA
Doliver Advisors
Texas
-$421K
5
GC
Guggenheim Capital
Illinois
-$274K
Name Holding Trade Value Shares
Change 		Change in
Stake
RVPG
26
Relative Value Partners Group
$243K – – –
DA
27
Doliver Advisors
Texas
$171K -$421K -41,720 -71%
IC
28
InterOcean Capital
Illinois
$142K – – –
UBS Group
29
UBS Group
Switzerland
$121K +$65.3K +6,473 +110%
LPL Financial
30
LPL Financial
California
$101K +$104K +10,264 New
TJHA
31
Thomas J. Herzfeld Advisors
Florida
$98K – – –
JAM
32
Jolley Asset Management
North Carolina
$83K – – –
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$44K – – –
WA
34
WFG Advisors
Texas
$39K – – –
GFM
35
Gramercy Funds Management
Connecticut
$38K -$39.3K -3,889 -50%
FWM
36
Focused Wealth Management
New York
$29K – – –
S
37
SignatureFD
Georgia
$15K – – –
TCOV
38
Trust Company of Vermont
Vermont
$15K – – –
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$14K +$61 +6 +0.4%
BBPWM
40
Blue Bell Private Wealth Management
Pennsylvania
$11K -$35.5K -3,518 -76%
Citigroup
41
Citigroup
New York
$9K -$3.17K -314 -25%
LTFS
42
Ladenburg Thalmann Financial Services
Florida
$3K – – –
ST
43
Sentinel Trust
Texas
– -$464K -45,529 Closed
SMC
44
S. Muoio & Co
New York
– -$1K -164 Closed
1
2

GDL Hedge Fund Activity: Q3 2015 in Review

43 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q3 2015, worth a combined $82.7M — down 3.2% from $85.5M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new GDL positions and 2 closed out — a net gain of 1 holder — while 10 added to existing stakes and 15 trimmed.

The largest buyer was Advisors Asset Management, opening a new position worth an estimated $2.7M. The largest seller was Morgan Stanley, cutting an estimated $1.56M.

  • 43 institutional investors held GDL Fund (GDL) as of Q3 2015, up from 42 in Q2 2015.
  • Funds reported $82.7M of GDL Fund stock for Q3 2015, down 3.2% quarter-over-quarter.
  • 3 funds opened new GDL Fund positions in Q3 2015 and 2 closed out, a net change of +1 holder.
  • The largest GDL Fund buyer in Q3 2015 was Advisors Asset Management, an estimated $2.7M added.
  • The largest GDL Fund seller in Q3 2015 was Morgan Stanley, an estimated $1.56M sold.

Based on aggregated 13F filings for Q3 2015.