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GDL

GDL Fund

42 hedge funds and large institutions have $89.6M invested in GDL Fund in 2017 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.01% more ownership

Funds ownership: 45.53%47.54% (+2%)

7% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 14

4% more capital invested

Capital invested by funds: $85.8M → $89.6M (+$3.81M)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

7% less funds holding

Funds holding: 4542 (-3)

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

Holders
42
Holders Change
-3
Holders Change %
-6.67%
% of All Funds
1.05%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.05%
New
3
Increased
15
Reduced
14
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BI
26
Bulldog Investors
New Jersey
$261K
TC
27
TFS Capital
Pennsylvania
$213K -$88.3K -8,900 -29%
RJFSA
28
Raymond James Financial Services Advisors
Florida
$175K +$40.2K +4,050 +29%
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$165K +$58.1K +5,859 +54%
MML Investors Services
30
MML Investors Services
Massachusetts
$164K +$166K +16,684 New
LPL Financial
31
LPL Financial
California
$134K +$734 +74 +0.5%
LTFS
32
Ladenburg Thalmann Financial Services
Florida
$131K -$44.9K -4,526 -25%
CAS
33
Cue Advisory Services
Arizona
$123K
UBS Group
34
UBS Group
Switzerland
$64K -$42.5K -4,279 -40%
JAM
35
Jolley Asset Management
North Carolina
$53K -$14.2K -1,435 -21%
TJHA
36
Thomas J. Herzfeld Advisors
Florida
$49K
BBPWM
37
Blue Bell Private Wealth Management
Pennsylvania
$35K -$27.7K -2,788 -44%
WA
38
WFG Advisors
Texas
$15K -$9.93K -1,000 -40%
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$15K
TCOV
40
Trust Company of Vermont
Vermont
$15K
IA
41
IFP Advisors
Florida
$12K -$6.14K -619 -33%
TRCT
42
Tower Research Capital (TRC)
New York
$1K +$1.31K +132 New
RTS
43
Round Table Services
New Jersey
-$338K -34,300 Closed
OTC
44
Opera Trading Capital
France
-$272K -27,740 Closed
AWA
45
Arete Wealth Advisors
Illinois
-$118K -11,950 Closed
Geode Capital Management
46
Geode Capital Management
Massachusetts
-$101K -10,342 Closed
BFEC
47
Benjamin F. Edwards & Company
Missouri
-$6K -600 Closed

GDL Hedge Fund Activity: Q1 2017 in Review

42 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q1 2017, worth a combined $89.6M — up 4.4% from $85.8M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of GDL and 3 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 15 added.

The largest buyer was Horizon Kinetics, adding an estimated $2.06M. The largest seller was Matisse Capital, cutting an estimated $366K.

  • 42 institutional investors held GDL Fund (GDL) as of Q1 2017, down from 45 in Q4 2016.
  • Funds reported $89.6M of GDL Fund stock for Q1 2017, up 4.4% quarter-over-quarter.
  • 3 funds opened new GDL Fund positions in Q1 2017 and 5 closed out, a net change of -2 holders.
  • The largest GDL Fund buyer in Q1 2017 was Horizon Kinetics, an estimated $2.06M added.
  • The largest GDL Fund seller in Q1 2017 was Matisse Capital, an estimated $366K sold.

Based on aggregated 13F filings for Q1 2017.