GDL Fund
30 hedge funds and large institutions have $57.1M invested in GDL Fund in 2021 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 3 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
2.09% more ownership
Funds ownership: 43.5% → 45.59% (+2.1%)
3% more capital invested
Capital invested by funds: $55.2M → $57.1M (+$1.87M)
3% less funds holding
Funds holding: 31 → 30 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZA
Zazove Associates
Incline Village,
Nevada
|
+$1.83M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.6M |
| 3 |
Morgan Stanley
New York
|
+$268K |
| 4 |
RVPG
Relative Value Partners Group
|
+$206K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$153K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$864K |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$337K |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
-$251K |
| 4 |
EP
Eudaimonia Partners
Winchester,
Tennessee
|
-$242K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$146K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $81K | +$893 | +99 | +1% |
|
|
TJHA
27
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $44K | +$568 | +63 | +1% |
|
|
MSFP
28
Mark Sheptoff Financial Planning
Glastonbury,
Connecticut
| $27K | -$9.02K | -1,000 | -25% |
|
29
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $4K | +$4.06K | +450 | New |
|
30
Citadel Advisors
Miami,
Florida
| – | -$119K | -13,101 | Closed |
|
|
EP
31
Eudaimonia Partners
Winchester,
Tennessee
| – | -$242K | -4,700 | Closed |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| – | -$24.3K | -2,697 | -100% |
|
|
AIM
33
Arcadia Investment Management
Kalamazoo,
Michigan
| – | -$17K | -1,900 | Closed |
|
GDL Hedge Fund Activity: Q3 2021 in Review
30 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q3 2021, worth a combined $57.1M — up 3.4% from $55.2M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of GDL and 2 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 14 added.
The largest buyer was Zazove Associates, opening a new position worth an estimated $1.83M. The largest seller was 1607 Capital Partners, cutting an estimated $864K.
- 30 institutional investors held GDL Fund (GDL) as of Q3 2021, down from 31 in Q2 2021.
- Funds reported $57.1M of GDL Fund stock for Q3 2021, up 3.4% quarter-over-quarter.
- 2 funds opened new GDL Fund positions in Q3 2021 and 3 closed out, a net change of -1 holder.
- The largest GDL Fund buyer in Q3 2021 was Zazove Associates, an estimated $1.83M added.
- The largest GDL Fund seller in Q3 2021 was 1607 Capital Partners, an estimated $864K sold.
Based on aggregated 13F filings for Q3 2021.