GDL Fund
26 hedge funds and large institutions have $53.6M invested in GDL Fund in 2022 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 5 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
1.11% more ownership
Funds ownership: 43.98% → 45.09% (+1.1%)
2% less capital invested
Capital invested by funds: $54.8M → $53.6M (-$1.18M)
10% less funds holding
Funds holding: 29 → 26 (-3)
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$327K |
| 2 |
Morgan Stanley
New York
|
+$55.6K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$23.5K |
| 4 |
PAS
Park Avenue Securities
New York
|
+$22.6K |
| 5 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$15.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$710K |
| 2 |
MAM
Marquette Asset Management
Minneapolis,
Minnesota
|
-$191K |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$160K |
| 4 |
RJT
Raymond James Trust
St. Petersburg,
Florida
|
-$120K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$112K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $21K | – | – | – |
|
|
MAM
27
Marquette Asset Management
Minneapolis,
Minnesota
| – | -$191K | -21,392 | Closed |
|
|
RJT
28
Raymond James Trust
St. Petersburg,
Florida
| – | -$120K | -13,430 | Closed |
|
|
BRWM
29
B. Riley Wealth Management
Memphis,
Tennessee
| – | -$107K | -11,933 | Closed |
|
|
SCA
30
Snowden Capital Advisors
New York
| – | -$1K | -200 | Closed |
|
|
WAM
31
Wolverine Asset Management
Chicago,
Illinois
| – | -$1K | -194 | Closed |
|
GDL Hedge Fund Activity: Q1 2022 in Review
26 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q1 2022, worth a combined $53.6M — down 2.2% from $54.8M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GDL and 2 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 9 added.
The largest buyer was Bank of America, adding an estimated $327K. The largest seller was Rivernorth Capital Management, cutting an estimated $710K.
- 26 institutional investors held GDL Fund (GDL) as of Q1 2022, down from 29 in Q4 2021.
- Funds reported $53.6M of GDL Fund stock for Q1 2022, down 2.2% quarter-over-quarter.
- 2 funds opened new GDL Fund positions in Q1 2022 and 5 closed out, a net change of -3 holders.
- The largest GDL Fund buyer in Q1 2022 was Bank of America, an estimated $327K added.
- The largest GDL Fund seller in Q1 2022 was Rivernorth Capital Management, an estimated $710K sold.
Based on aggregated 13F filings for Q1 2022.