We are live on ! Find out more
GDL

GDL Fund
GDL

34 hedge funds and large institutions have $66M invested in GDL Fund in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 9 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 9

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

0.13% more ownership

Funds ownership: 43.5% → 43.62% (+0.13%)

0% more funds holding

Funds holding: 34 → 34 (0)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

9% less capital invested

Capital invested by funds: $72.8M → $66M (-$6.76M)

Holders
34
Holders Change
–
Holders Change %
0%
% of All Funds
0.74%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
6
Increased
13
Reduced
9
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$536K
2
RVPG
Relative Value Partners Group
+$486K
3
GCIA
Gabelli & Co Investment Advisers
New York
+$169K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$105K
5
RCM
Rivernorth Capital Management
Florida
+$96.7K

Top Sellers

1
RJA
Raymond James & Associates
Florida
-$1M
2
Lazard Asset Management
Lazard Asset Management
New York
-$331K
3
PAS
Park Avenue Securities
New York
-$256K
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$101K
5
Wells Fargo
Wells Fargo
California
-$99.6K
Name Holding Trade Value Shares
Change 		Change in
Stake
GAM
26
Griffin Asset Management
New York
$55K +$55.7K +5,958 New
BBPWM
27
Blue Bell Private Wealth Management
Pennsylvania
$42K – – –
TJHA
28
Thomas J. Herzfeld Advisors
Florida
$40K +$430 +46 +1%
LTFS
29
Ladenburg Thalmann Financial Services
Florida
$14K -$7.8K -835 -35%
TCOV
30
Trust Company of Vermont
Vermont
$14K – – –
Fifth Third Bancorp
31
Fifth Third Bancorp
Ohio
$14K +$13.8K +1,475 New
QCIG
32
Quad-Cities Investment Group
Iowa
$12K – – –
TRCT
33
Tower Research Capital (TRC)
New York
$10K +$10.5K +1,128 New
RCM
34
Rivernorth Capital Management
Florida
$96 +$96.7K +10,353 New
PAS
35
Park Avenue Securities
New York
– -$256K -26,920 Closed
RJFSA
36
Raymond James Financial Services Advisors
Florida
– -$101K -10,563 Closed
FHB
37
First Hawaiian Bank
Hawaii
– -$7K -700 Closed
CFA
38
Carroll Financial Associates
North Carolina
– -$6K -698 Closed
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
– -$2K -190 Closed
1
2

GDL Hedge Fund Activity: Q2 2019 in Review

34 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q2 2019, worth a combined $66M — down 9.3% from $72.8M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new GDL positions and 5 closed out — a net gain of 1 holder — while 13 added to existing stakes and 9 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $536K. The largest seller was Raymond James & Associates, cutting an estimated $1M.

  • 34 institutional investors held GDL Fund (GDL) as of Q2 2019, unchanged from Q1 2019.
  • Funds reported $66M of GDL Fund stock for Q2 2019, down 9.3% quarter-over-quarter.
  • 6 funds opened new GDL Fund positions in Q2 2019 and 5 closed out, a net change of +1 holder.
  • The largest GDL Fund buyer in Q2 2019 was Morgan Stanley, an estimated $536K added.
  • The largest GDL Fund seller in Q2 2019 was Raymond James & Associates, an estimated $1M sold.

Based on aggregated 13F filings for Q2 2019.