GDL Fund
33 hedge funds and large institutions have $54.6M invested in GDL Fund in 2020 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 4 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
3% more capital invested
Capital invested by funds: $53.1M → $54.6M (+$1.46M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.52% less ownership
Funds ownership: 40.97% → 40.45% (-0.52%)
3% less funds holding
Funds holding: 34 → 33 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$517K |
| 2 |
MAM
Marquette Asset Management
Minneapolis,
Minnesota
|
+$308K |
| 3 |
ZA
Zazove Associates
Incline Village,
Nevada
|
+$279K |
| 4 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$88.3K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$77.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$895K |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$431K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$359K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$180K |
| 5 |
Goldman Sachs
New York
|
-$85K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
UBS Group
Zurich,
Switzerland
| $132K | -$13.1K | -1,530 | -9% |
|
|
ICMP
27
Integrated Capital Management (Pennsylvania)
Jessup,
Pennsylvania
| $117K | +$8.43K | +984 | +8% |
|
28
Osaic Holdings
Scottsdale,
Arizona
| $91K | +$591 | +69 | +0.7% |
|
29
Royal Bank of Canada
Toronto,
Ontario, Canada
| $78K | -$34.6K | -4,041 | -31% |
|
|
TJHA
30
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $41K | +$548 | +64 | +1% |
|
31
Bank of Montreal
Toronto,
Ontario, Canada
| $26K | +$25.7K | +3,000 | New |
|
|
MSFP
32
Mark Sheptoff Financial Planning
Glastonbury,
Connecticut
| $9K | – | – | – |
|
|
BI
33
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$431K | -51,442 | Closed |
|
|
WAM
34
Wolverine Asset Management
Chicago,
Illinois
| – | -$359K | -42,855 | Closed |
|
|
35
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$180K | -21,463 | Closed |
|
|
36
Goldman Sachs
New York
| – | -$85K | -10,144 | Closed |
|
|
BBHC
37
Brown Brothers Harriman & Co
New York
| – | +$94 | +11 | New |
|
GDL Hedge Fund Activity: Q4 2020 in Review
33 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q4 2020, worth a combined $54.6M — up 2.8% from $53.1M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of GDL and 3 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 13 added.
The largest buyer was Relative Value Partners Group, adding an estimated $517K. The largest seller was Raymond James & Associates, cutting an estimated $895K.
- 33 institutional investors held GDL Fund (GDL) as of Q4 2020, down from 34 in Q3 2020.
- Funds reported $54.6M of GDL Fund stock for Q4 2020, up 2.8% quarter-over-quarter.
- 3 funds opened new GDL Fund positions in Q4 2020 and 4 closed out, a net change of -1 holder.
- The largest GDL Fund buyer in Q4 2020 was Relative Value Partners Group, an estimated $517K added.
- The largest GDL Fund seller in Q4 2020 was Raymond James & Associates, an estimated $895K sold.
Based on aggregated 13F filings for Q4 2020.