GDL Fund
28 hedge funds and large institutions have $45.5M invested in GDL Fund in 2022 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 3 closing their positions.
0.52% more ownership
Funds ownership: 41.22% → 41.74% (+0.52%)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
2% less capital invested
Capital invested by funds: $46.4M → $45.5M (-$835K)
3% less funds holding
Funds holding: 29 → 28 (-1)
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EP
Eudaimonia Partners
Winchester,
Tennessee
|
+$1M |
| 2 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$230K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$150K |
| 4 |
Morgan Stanley
New York
|
+$87.8K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$41.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$160K |
| 2 |
RVPG
Relative Value Partners Group
|
-$144K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$137K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$43.1K |
| 5 |
PAS
Park Avenue Securities
New York
|
-$31.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $61K | -$3.05K | -374 | -5% |
|
|
TJHA
27
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $41K | +$41.9K | +5,133 | New |
|
|
MSFP
28
Mark Sheptoff Financial Planning
Glastonbury,
Connecticut
| $24K | – | – | – |
|
|
29
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$137K | -16,687 | Closed |
|
30
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$20K | -2,481 | Closed |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| – | -$1K | -96 | Closed |
|
GDL Hedge Fund Activity: Q3 2022 in Review
28 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q3 2022, worth a combined $45.5M — down 1.8% from $46.4M a quarter earlier.
Fund positioning in GDL was balanced in Q3 2022: 3 funds opened new positions, 3 closed out, 7 added to existing stakes and 11 trimmed.
The largest buyer was Eudaimonia Partners, opening a new position worth an estimated $1M. The largest seller was Rivernorth Capital Management, cutting an estimated $160K.
- 28 institutional investors held GDL Fund (GDL) as of Q3 2022, down from 29 in Q2 2022.
- Funds reported $45.5M of GDL Fund stock for Q3 2022, down 1.8% quarter-over-quarter.
- 3 funds opened new GDL Fund positions in Q3 2022 and 3 closed out, a net change of 0 holders.
- The largest GDL Fund buyer in Q3 2022 was Eudaimonia Partners, an estimated $1M added.
- The largest GDL Fund seller in Q3 2022 was Rivernorth Capital Management, an estimated $160K sold.
Based on aggregated 13F filings for Q3 2022.