GDL Fund
31 hedge funds and large institutions have $55.2M invested in GDL Fund in 2021 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 2 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
3.51% more ownership
Funds ownership: 39.98% → 43.5% (+3.5%)
0% more capital invested
Capital invested by funds: $55.2M → $55.2M (+$1K)
3% less funds holding
Funds holding: 32 → 31 (-1)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$920K |
| 2 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$426K |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$179K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$75.1K |
| 5 |
PAS
Park Avenue Securities
New York
|
+$72.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$1.82M |
| 2 |
EP
Eudaimonia Partners
Winchester,
Tennessee
|
-$785K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$106K |
| 4 |
Morgan Stanley
New York
|
-$68.5K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$62.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Osaic Holdings
Scottsdale,
Arizona
| $96K | -$2.6K | -290 | -3% |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $81K | – | – | – |
|
|
TJHA
28
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $43K | +$565 | +63 | +1% |
|
|
MSFP
29
Mark Sheptoff Financial Planning
Glastonbury,
Connecticut
| $36K | – | – | – |
|
|
WAM
30
Wolverine Asset Management
Chicago,
Illinois
| $24K | +$18K | +2,010 | +287% |
|
|
AIM
31
Arcadia Investment Management
Kalamazoo,
Michigan
| $17K | -$12.6K | -1,400 | -42% |
|
|
ZA
32
Zazove Associates
Incline Village,
Nevada
| – | -$1.82M | -203,318 | Closed |
|
GDL Hedge Fund Activity: Q2 2021 in Review
31 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q2 2021, worth a combined $55.2M — up 0% from $55.2M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of GDL and 1 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 14 added.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $920K. The largest seller was Zazove Associates, exiting entirely with an estimated $1.82M sold.
- 31 institutional investors held GDL Fund (GDL) as of Q2 2021, down from 32 in Q1 2021.
- Funds reported $55.2M of GDL Fund stock for Q2 2021, up 0% quarter-over-quarter.
- 1 fund opened new GDL Fund positions in Q2 2021 and 2 closed out, a net change of -1 holder.
- The largest GDL Fund buyer in Q2 2021 was Rivernorth Capital Management, an estimated $920K added.
- The largest GDL Fund seller in Q2 2021 was Zazove Associates, an estimated $1.82M sold.
Based on aggregated 13F filings for Q2 2021.