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GDL

GDL Fund
GDL

34 hedge funds and large institutions have $53.1M invested in GDL Fund in 2020 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 12

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1% less capital invested

Capital invested by funds: $53.8M → $53.1M (-$660K)

1.26% less ownership

Funds ownership: 42.23% → 40.97% (-1.3%)

15% less funds holding

Funds holding: 40 → 34 (-6)

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 6

Holders
34
Holders Change
-6
Holders Change %
-15%
% of All Funds
0.69%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
–
Increased
16
Reduced
12
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RVPG
Relative Value Partners Group
+$531K
2
GCIA
Gabelli & Co Investment Advisers
New York
+$204K
3
1CP
1607 Capital Partners
Virginia
+$119K
4
CA
Cornerstone Advisors
North Carolina
+$86.4K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$80.5K

Top Sellers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
-$593K
2
BI
Bulldog Investors
New Jersey
-$431K
3
MAM
Marquette Asset Management
Minnesota
-$334K
4
6M
6 Meridian
Kansas
-$298K
5
BFM
Boothbay Fund Management
New York
-$212K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
26
AQR Arbitrage
Connecticut
$151K +$37K +4,413 +32%
UBS Group
27
UBS Group
Switzerland
$139K +$11.3K +1,348 +9%
RJT
28
Raymond James Trust
Florida
$135K – – –
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$109K – – –
ICMP
30
Integrated Capital Management (Pennsylvania)
Pennsylvania
$104K +$11.9K +1,424 +13%
Osaic Holdings
31
Osaic Holdings
Arizona
$87K -$2.35K -280 -3%
Goldman Sachs
32
Goldman Sachs
New York
$85K -$20K -2,383 -19%
TJHA
33
Thomas J. Herzfeld Advisors
Florida
$39K +$545 +65 +1%
MSFP
34
Mark Sheptoff Financial Planning
Connecticut
$8K – – –
MAM
35
Marquette Asset Management
Minnesota
– -$334K -40,575 Closed
6M
36
6 Meridian
Kansas
– -$298K -36,155 Closed
BFM
37
Boothbay Fund Management
New York
– -$212K -25,746 Closed
DA
38
Doliver Advisors
Texas
– -$134K -16,297 Closed
HKAM
39
Horizon Kinetics Asset Management
New York
– -$87K -10,597 Closed
TRCT
40
Tower Research Capital (TRC)
New York
– -$2K -190 Closed
1
2

GDL Hedge Fund Activity: Q3 2020 in Review

34 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q3 2020, worth a combined $53.1M — down 1.2% from $53.8M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of GDL and 0 opened new positions — a net loss of 6 holders — while 12 trimmed existing stakes and 16 added.

The largest buyer was Relative Value Partners Group, adding an estimated $531K. The largest seller was Raymond James & Associates, cutting an estimated $593K.

  • 34 institutional investors held GDL Fund (GDL) as of Q3 2020, down from 40 in Q2 2020.
  • Funds reported $53.1M of GDL Fund stock for Q3 2020, down 1.2% quarter-over-quarter.
  • 0 funds opened new GDL Fund positions in Q3 2020 and 6 closed out, a net change of -6 holders.
  • The largest GDL Fund buyer in Q3 2020 was Relative Value Partners Group, an estimated $531K added.
  • The largest GDL Fund seller in Q3 2020 was Raymond James & Associates, an estimated $593K sold.

Based on aggregated 13F filings for Q3 2020.