GDL Fund
32 hedge funds and large institutions have $41M invested in GDL Fund in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 14 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
46% more capital invested
Capital invested by funds: $28M → $41M (+$13M)
12.1% more ownership
Funds ownership: 25.82% → 37.92% (+12%)
3% more funds holding
Funds holding: 31 → 32 (+1)
50% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$14.4M |
| 2 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$1.01M |
| 3 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$82.5K |
| 4 |
ICMP
Integrated Capital Management (Pennsylvania)
Jessup,
Pennsylvania
|
+$40K |
| 5 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$39.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$1.31M |
| 2 |
RVPG
Relative Value Partners Group
|
-$296K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$255K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$201K |
| 5 |
SG
StoneX Group
New York
|
-$110K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BBPWM
26
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $39.9K | +$39.7K | +5,082 | New |
|
27
UBS Group
Zurich,
Switzerland
| $38.1K | -$82K | -10,484 | -68% |
|
|
MSFP
28
Mark Sheptoff Financial Planning
Glastonbury,
Connecticut
| $15.7K | – | – | – |
|
|
CFD
29
Creative Financial Designs
Kokomo,
Indiana
| $13.5K | – | – | – |
|
|
WAM
30
Wolverine Asset Management
Chicago,
Illinois
| $11.7K | +$11.7K | +1,496 | New |
|
31
Royal Bank of Canada
Toronto,
Ontario, Canada
| $9K | -$51.1K | -6,533 | -84% |
|
|
VWM
32
Venturi Wealth Management
Austin,
Texas
| $3.72K | – | – | – |
|
|
SG
33
StoneX Group
New York
| – | -$110K | -13,982 | Closed |
|
|
AAS
34
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$8.87K | -1,130 | Closed |
|
GDL Hedge Fund Activity: Q2 2023 in Review
32 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q2 2023, worth a combined $41M — up 46% from $28M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new GDL positions and 2 closed out — a net gain of 1 holder — while 7 added to existing stakes and 14 trimmed.
The largest buyer was Gabelli & Co Investment Advisers, opening a new position worth an estimated $14.4M. The largest seller was Atlas Wealth, cutting an estimated $1.31M.
- 32 institutional investors held GDL Fund (GDL) as of Q2 2023, up from 31 in Q1 2023.
- Funds reported $41M of GDL Fund stock for Q2 2023, up 46% quarter-over-quarter.
- 3 funds opened new GDL Fund positions in Q2 2023 and 2 closed out, a net change of +1 holder.
- The largest GDL Fund buyer in Q2 2023 was Gabelli & Co Investment Advisers, an estimated $14.4M added.
- The largest GDL Fund seller in Q2 2023 was Atlas Wealth, an estimated $1.31M sold.
Based on aggregated 13F filings for Q2 2023.