GDL Fund
45 hedge funds and large institutions have $85.8M invested in GDL Fund in 2016 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 22 increasing their positions, 11 reducing their positions, and 5 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 11
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less capital invested
Capital invested by funds: $87.5M → $85.8M (-$1.74M)
1.67% less ownership
Funds ownership: 47.2% → 45.53% (-1.7%)
4% less funds holding
Funds holding: 47 → 45 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GPC
Glacier Peak Capital
Bellevue,
Washington
|
+$889K |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$880K |
| 3 |
ZA
Zazove Associates
Incline Village,
Nevada
|
+$857K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$577K |
| 5 |
ST
Sentinel Trust
Houston,
Texas
|
+$454K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$5.1M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$881K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$361K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$249K |
| 5 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$237K |
GDL Hedge Fund Activity: Q4 2016 in Review
45 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q4 2016, worth a combined $85.8M — down 2% from $87.5M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GDL and 3 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 22 added.
The largest buyer was Glacier Peak Capital, adding an estimated $889K. The largest seller was Lazard Asset Management, cutting an estimated $5.1M.
- 45 institutional investors held GDL Fund (GDL) as of Q4 2016, down from 47 in Q3 2016.
- Funds reported $85.8M of GDL Fund stock for Q4 2016, down 2% quarter-over-quarter.
- 3 funds opened new GDL Fund positions in Q4 2016 and 5 closed out, a net change of -2 holders.
- The largest GDL Fund buyer in Q4 2016 was Glacier Peak Capital, an estimated $889K added.
- The largest GDL Fund seller in Q4 2016 was Lazard Asset Management, an estimated $5.1M sold.
Based on aggregated 13F filings for Q4 2016.