GDL Fund
29 hedge funds and large institutions have $46.4M invested in GDL Fund in 2022 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 11 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
12% more funds holding
Funds holding: 26 → 29 (+3)
3.87% less ownership
Funds ownership: 45.09% → 41.22% (-3.9%)
14% less capital invested
Capital invested by funds: $53.6M → $46.4M (-$7.24M)
27% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 11
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$389K |
| 2 |
Morgan Stanley
New York
|
+$371K |
| 3 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$182K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$139K |
| 5 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$109K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$4.33M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$937K |
| 3 |
EP
Eudaimonia Partners
Winchester,
Tennessee
|
-$242K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$195K |
| 5 |
RVPG
Relative Value Partners Group
|
-$172K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BRWM
26
B. Riley Wealth Management
Memphis,
Tennessee
| $53.2K | +$389K | +46,718 | New |
|
|
MSFP
27
Mark Sheptoff Financial Planning
Glastonbury,
Connecticut
| $25K | – | – | – |
|
28
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $20K | – | – | – |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $1K | +$799 | +96 | New |
|
|
30
Stifel Financial
St. Louis,
Missouri
| – | -$195K | -22,637 | Closed |
|
|
TJHA
31
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$43K | -4,983 | Closed |
|
|
EP
32
Eudaimonia Partners
Winchester,
Tennessee
| – | -$242K | -4,700 | Closed |
|
GDL Hedge Fund Activity: Q2 2022 in Review
29 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q2 2022, worth a combined $46.4M — down 14% from $53.6M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GDL positions and 3 closed out — a net gain of 3 holders — while 8 added to existing stakes and 11 trimmed.
The largest buyer was B. Riley Wealth Management, opening a new position worth an estimated $389K. The largest seller was Raymond James & Associates, cutting an estimated $4.33M.
- 29 institutional investors held GDL Fund (GDL) as of Q2 2022, up from 26 in Q1 2022.
- Funds reported $46.4M of GDL Fund stock for Q2 2022, down 14% quarter-over-quarter.
- 6 funds opened new GDL Fund positions in Q2 2022 and 3 closed out, a net change of +3 holders.
- The largest GDL Fund buyer in Q2 2022 was B. Riley Wealth Management, an estimated $389K added.
- The largest GDL Fund seller in Q2 2022 was Raymond James & Associates, an estimated $4.33M sold.
Based on aggregated 13F filings for Q2 2022.