We are live on ! Find out more
GDL

GDL Fund
GDL

37 hedge funds and large institutions have $59.9M invested in GDL Fund in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 10

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

6% more funds holding

Funds holding: 35 → 37 (+2)

3.34% more ownership

Funds ownership: 45.44% → 48.78% (+3.3%)

13% less capital invested

Capital invested by funds: $69.2M → $59.9M (-$9.29M)

Holders
37
Holders Change
+2
Holders Change %
+5.71%
% of All Funds
0.82%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
11
Increased
15
Reduced
10
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
+$1.44M
2
MIG
Mariner Investment Group
New York
+$1.09M
3
MC
Matisse Capital
Oregon
+$1.03M
4
Morgan Stanley
Morgan Stanley
New York
+$696K
5
MAM
Marquette Asset Management
Minnesota
+$358K

Top Sellers

Rank Fund Capital Flow
1
CA
Cornerstone Advisors
North Carolina
-$2M
2
RCM
Rivernorth Capital Management
Florida
-$761K
3
Lazard Asset Management
Lazard Asset Management
New York
-$718K
4
RVPG
Relative Value Partners Group
-$661K
5
PAS
Park Avenue Securities
New York
-$407K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAG
26
Private Advisor Group
New Jersey
$154K +$173K +19,623 New
UBS Group
27
UBS Group
Switzerland
$125K +$8.07K +916 +6%
BFM
28
Boothbay Fund Management
New York
$123K +$139K +15,746 New
BI
29
Bulldog Investors
New Jersey
$123K +$139K +15,746 New
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$116K +$1.14K +129 +0.9%
Goldman Sachs
31
Goldman Sachs
New York
$116K +$130K +14,769 New
AC
32
Almitas Capital
California
$86K +$97K +11,006 New
Osaic Holdings
33
Osaic Holdings
Arizona
$83K +$92.3K +10,475 New
ICMP
34
Integrated Capital Management (Pennsylvania)
Pennsylvania
$81K +$91.2K +10,343 New
TJHA
35
Thomas J. Herzfeld Advisors
Florida
$35K +$573 +65 +1%
TCOV
36
Trust Company of Vermont
Vermont
$12K – – –
AIC
37
Ameritas Investment Company
Nebraska
$12K +$13.9K +1,580 New
RCM
38
Rivernorth Capital Management
Florida
– -$761K -81,782 Closed
PAS
39
Park Avenue Securities
New York
– -$407K -43,713 Closed
RTS
40
Round Table Services
New Jersey
– -$206K -22,200 Closed
LCM
41
Landscape Capital Management
New Jersey
– -$180K -19,384 Closed
IAA
42
Independent Advisor Alliance
North Carolina
– -$145K -15,550 Closed
FIA
43
FNY Investment Advisers
New York
– -$54K -5,816 Closed
BBPWM
44
Blue Bell Private Wealth Management
Pennsylvania
– -$32K -3,400 Closed
TRCT
45
Tower Research Capital (TRC)
New York
– -$7K -702 Closed
1
2

GDL Hedge Fund Activity: Q1 2020 in Review

37 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q1 2020, worth a combined $59.9M — down 13% from $69.2M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new GDL positions and 8 closed out — a net gain of 3 holders — while 15 added to existing stakes and 10 trimmed.

The largest buyer was Raymond James & Associates, adding an estimated $1.44M. The largest seller was Cornerstone Advisors, cutting an estimated $2M.

  • 37 institutional investors held GDL Fund (GDL) as of Q1 2020, up from 35 in Q4 2019.
  • Funds reported $59.9M of GDL Fund stock for Q1 2020, down 13% quarter-over-quarter.
  • 11 funds opened new GDL Fund positions in Q1 2020 and 8 closed out, a net change of +3 holders.
  • The largest GDL Fund buyer in Q1 2020 was Raymond James & Associates, an estimated $1.44M added.
  • The largest GDL Fund seller in Q1 2020 was Cornerstone Advisors, an estimated $2M sold.

Based on aggregated 13F filings for Q1 2020.