GDL Fund
31 hedge funds and large institutions have $28M invested in GDL Fund in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 14 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
3% more funds holding
Funds holding: 30 → 31 (+1)
3.79% less ownership
Funds ownership: 29.61% → 25.82% (-3.8%)
12% less capital invested
Capital invested by funds: $31.9M → $28M (-$3.95M)
36% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZA
Zazove Associates
Incline Village,
Nevada
|
+$277K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$134K |
| 3 |
SG
StoneX Group
New York
|
+$111K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$92.5K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$24K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$3.45M |
| 2 |
RVPG
Relative Value Partners Group
|
-$761K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$109K |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$107K |
| 5 |
PAS
Park Avenue Securities
New York
|
-$84.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MCI
26
MRP Capital Investments
Alpharetta,
Georgia
| $47.1K | – | – | – |
|
|
TJHA
27
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $41.5K | +$637 | +80 | +2% |
|
|
MSFP
28
Mark Sheptoff Financial Planning
Glastonbury,
Connecticut
| $15.7K | -$7.96K | -1,000 | -33% |
|
|
CFD
29
Creative Financial Designs
Kokomo,
Indiana
| $13.5K | +$13.7K | +1,717 | New |
|
|
AAS
30
Ameritas Advisory Services
Lincoln,
Nebraska
| $8.87K | +$9K | +1,130 | New |
|
|
VWM
31
Venturi Wealth Management
Austin,
Texas
| $3.72K | +$3.77K | +474 | New |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| – | -$36.9K | -4,711 | Closed |
|
|
FWA
33
Freedom Wealth Alliance
Brookfield,
Wisconsin
| – | -$25.8K | -3,289 | Closed |
|
34
Rockefeller Capital Management
New York
| – | -$15K | -2,030 | Closed |
|
GDL Hedge Fund Activity: Q1 2023 in Review
31 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q1 2023, worth a combined $28M — down 12% from $31.9M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new GDL positions and 3 closed out — a net gain of 1 holder — while 9 added to existing stakes and 14 trimmed.
The largest buyer was Zazove Associates, adding an estimated $277K. The largest seller was Atlas Wealth, cutting an estimated $3.45M.
- 31 institutional investors held GDL Fund (GDL) as of Q1 2023, up from 30 in Q4 2022.
- Funds reported $28M of GDL Fund stock for Q1 2023, down 12% quarter-over-quarter.
- 4 funds opened new GDL Fund positions in Q1 2023 and 3 closed out, a net change of +1 holder.
- The largest GDL Fund buyer in Q1 2023 was Zazove Associates, an estimated $277K added.
- The largest GDL Fund seller in Q1 2023 was Atlas Wealth, an estimated $3.45M sold.
Based on aggregated 13F filings for Q1 2023.