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GDL

GDL Fund
GDL

38 hedge funds and large institutions have $89M invested in GDL Fund in 2018 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 17 increasing their positions, 10 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

70% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 10

1.4% more ownership

Funds ownership: 51.55% → 52.95% (+1.4%)

0% more funds holding

Funds holding: 38 → 38 (0)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 2

2% less capital invested

Capital invested by funds: $90.8M → $89M (-$1.87M)

Holders
38
Holders Change
–
Holders Change %
0%
% of All Funds
0.87%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
2
Increased
17
Reduced
10
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MC
Matisse Capital
Oregon
+$2.55M
2
WAM
Wolverine Asset Management
Illinois
+$925K
3
RJA
Raymond James & Associates
Florida
+$553K
4
RVPG
Relative Value Partners Group
+$549K
5
AA
Ancora Advisors
Ohio
+$534K

Top Sellers

Rank Fund Capital Flow
1
GPC
Glacier Peak Capital
Washington
-$2.74M
2
HK
Horizon Kinetics
New York
-$894K
3
AAM
Advisors Asset Management
Colorado
-$816K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$192K
5
6M
6 Meridian
Kansas
-$126K
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$80K -$9.51K -986 -10%
CIBC Private Wealth Group
27
CIBC Private Wealth Group
Georgia
$64K +$13.3K +1,383 +25%
JAM
28
Jolley Asset Management
North Carolina
$50K – – –
TJHA
29
Thomas J. Herzfeld Advisors
Florida
$38K -$9.22K -957 -19%
CPIG
30
Chicago Partners Investment Group
Illinois
$37K – – –
UBS Group
31
UBS Group
Switzerland
$29K -$30.8K -3,193 -51%
BBPWM
32
Blue Bell Private Wealth Management
Pennsylvania
$23K +$2.31K +240 +11%
TCOV
33
Trust Company of Vermont
Vermont
$14K – – –
CIM
34
Corbyn Investment Management
Maryland
$13K +$13.7K +1,425 New
IA
35
IFP Advisors
Florida
$12K – – –
WAM
36
Wealthspire Advisors (Maryland)
Maryland
$11K – – –
PNC Financial Services Group
37
PNC Financial Services Group
Pennsylvania
$10K – – –
CFA
38
Carroll Financial Associates
North Carolina
$6K – – –
OTC
39
Opera Trading Capital
France
$259 – – –
Susquehanna International Group
40
Susquehanna International Group
Pennsylvania
– -$192K -19,728 Closed
TRCT
41
Tower Research Capital (TRC)
New York
– -$29K -3,014 Closed
1
2

GDL Hedge Fund Activity: Q1 2018 in Review

38 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q1 2018, worth a combined $89M — down 2.1% from $90.8M a quarter earlier.

Fund positioning in GDL was balanced in Q1 2018: 2 funds opened new positions, 2 closed out, 17 added to existing stakes and 10 trimmed.

The largest buyer was Matisse Capital, adding an estimated $2.55M. The largest seller was Glacier Peak Capital, cutting an estimated $2.74M.

  • 38 institutional investors held GDL Fund (GDL) as of Q1 2018, unchanged from Q4 2017.
  • Funds reported $89M of GDL Fund stock for Q1 2018, down 2.1% quarter-over-quarter.
  • 2 funds opened new GDL Fund positions in Q1 2018 and 2 closed out, a net change of 0 holders.
  • The largest GDL Fund buyer in Q1 2018 was Matisse Capital, an estimated $2.55M added.
  • The largest GDL Fund seller in Q1 2018 was Glacier Peak Capital, an estimated $2.74M sold.

Based on aggregated 13F filings for Q1 2018.