GDL Fund
29 hedge funds and large institutions have $54.8M invested in GDL Fund in 2021 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 2 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 9
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
4% less capital invested
Capital invested by funds: $57.1M → $54.8M (-$2.32M)
1.61% less ownership
Funds ownership: 45.59% → 43.98% (-1.6%)
3% less funds holding
Funds holding: 30 → 29 (-1)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.56M |
| 2 |
RVPG
Relative Value Partners Group
|
+$283K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$137K |
| 4 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$107K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$104K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$1.67M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$898K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$300K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$184K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$163K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MSFP
26
Mark Sheptoff Financial Planning
Glastonbury,
Connecticut
| $27K | – | – | – |
|
27
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $22K | +$18.2K | +2,031 | +451% |
|
|
WAM
28
Wolverine Asset Management
Chicago,
Illinois
| $1K | +$1.62K | +181 | +1,392% |
|
|
SCA
29
Snowden Capital Advisors
New York
| $1K | +$1.79K | +200 | New |
|
|
MC
30
Matisse Capital
Portland,
Oregon
| – | -$1.67M | -185,744 | Closed |
|
|
1CP
31
1607 Capital Partners
Richmond,
Virginia
| – | -$163K | -18,102 | Closed |
|
GDL Hedge Fund Activity: Q4 2021 in Review
29 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q4 2021, worth a combined $54.8M — down 4.1% from $57.1M a quarter earlier.
Fund positioning in GDL was balanced in Q4 2021: 2 funds opened new positions, 2 closed out, 14 added to existing stakes and 9 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $2.56M. The largest seller was Matisse Capital, exiting entirely with an estimated $1.67M sold.
- 29 institutional investors held GDL Fund (GDL) as of Q4 2021, down from 30 in Q3 2021.
- Funds reported $54.8M of GDL Fund stock for Q4 2021, down 4.1% quarter-over-quarter.
- 2 funds opened new GDL Fund positions in Q4 2021 and 2 closed out, a net change of 0 holders.
- The largest GDL Fund buyer in Q4 2021 was Rivernorth Capital Management, an estimated $2.56M added.
- The largest GDL Fund seller in Q4 2021 was Matisse Capital, an estimated $1.67M sold.
Based on aggregated 13F filings for Q4 2021.