GDL Fund
32 hedge funds and large institutions have $55.2M invested in GDL Fund in 2021 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 4 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 10
1% more capital invested
Capital invested by funds: $54.6M → $55.2M (+$664K)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.47% less ownership
Funds ownership: 40.45% → 39.98% (-0.47%)
3% less funds holding
Funds holding: 33 → 32 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$212K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$115K |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$96.8K |
| 4 |
RVPG
Relative Value Partners Group
|
+$87.4K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$62.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$384K |
| 2 |
CCP
Cardan Capital Partners
Denver,
Colorado
|
-$309K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$195K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$188K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$154K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Osaic Holdings
Scottsdale,
Arizona
| $97K | +$3.71K | +419 | +4% |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $80K | – | – | – |
|
|
TJHA
28
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $42K | +$558 | +63 | +1% |
|
|
MSFP
29
Mark Sheptoff Financial Planning
Glastonbury,
Connecticut
| $36K | +$26.6K | +3,000 | +300% |
|
|
AIM
30
Arcadia Investment Management
Kalamazoo,
Michigan
| $29K | +$29.2K | +3,300 | New |
|
|
WAM
31
Wolverine Asset Management
Chicago,
Illinois
| $6K | +$6.2K | +700 | New |
|
|
CCP
32
Clough Capital Partners
Boston,
Massachusetts
| – | -$384K | -44,021 | Closed |
|
|
CCP
33
Cardan Capital Partners
Denver,
Colorado
| – | -$309K | -35,480 | Closed |
|
|
AA
34
AQR Arbitrage
Greenwich,
Connecticut
| – | -$154K | -17,677 | Closed |
|
35
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$26K | -3,000 | Closed |
|
|
BBHC
36
Brown Brothers Harriman & Co
New York
| – | -$53 | -6 | -55% |
|
GDL Hedge Fund Activity: Q1 2021 in Review
32 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q1 2021, worth a combined $55.2M — up 1.2% from $54.6M 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 14 added.
The largest buyer was Gabelli & Co Investment Advisers, adding an estimated $212K. The largest seller was Clough Capital Partners, exiting entirely with an estimated $384K sold.
- 32 institutional investors held GDL Fund (GDL) as of Q1 2021, down from 33 in Q4 2020.
- Funds reported $55.2M of GDL Fund stock for Q1 2021, up 1.2% quarter-over-quarter.
- 3 funds opened new GDL Fund positions in Q1 2021 and 4 closed out, a net change of -1 holder.
- The largest GDL Fund buyer in Q1 2021 was Gabelli & Co Investment Advisers, an estimated $212K added.
- The largest GDL Fund seller in Q1 2021 was Clough Capital Partners, an estimated $384K sold.
Based on aggregated 13F filings for Q1 2021.