GDL Fund
33 hedge funds and large institutions have $39.2M invested in GDL Fund in 2023 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 12 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
3% more funds holding
Funds holding: 32 → 33 (+1)
0% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 12
4% less capital invested
Capital invested by funds: $41M → $39.2M (-$1.8M)
1.21% less ownership
Funds ownership: 37.92% → 36.71% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$106K |
| 2 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$44.2K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$42.5K |
| 4 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$27.7K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$13.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$474K |
| 2 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$426K |
| 3 |
Morgan Stanley
New York
|
-$271K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$105K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$100K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
UBS Group
Zurich,
Switzerland
| $44.7K | +$7.21K | +915 | +19% |
|
|
TJHA
27
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $42.3K | +$646 | +82 | +2% |
|
|
MSFP
28
Mark Sheptoff Financial Planning
Glastonbury,
Connecticut
| $15.5K | – | – | – |
|
|
CFD
29
Creative Financial Designs
Kokomo,
Indiana
| $13.3K | – | – | – |
|
|
VWM
30
Venturi Wealth Management
Austin,
Texas
| $3.67K | – | – | – |
|
|
FGA
31
Fortis Group Advisors
Westwood,
New Jersey
| $2.91K | +$2.96K | +375 | New |
|
|
GI
32
Gradient Investments
Arden Hills,
Minnesota
| $1.55K | +$1.58K | +200 | New |
|
|
SPIA
33
Steward Partners Investment Advisory
New York
| $1.55K | +$1.58K | +200 | New |
|
|
MCI
34
MRP Capital Investments
Alpharetta,
Georgia
| – | -$47.1K | -6,000 | Closed |
|
35
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$9K | -1,204 | Closed |
|
GDL Hedge Fund Activity: Q3 2023 in Review
33 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q3 2023, worth a combined $39.2M — down 4.4% from $41M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new GDL positions and 2 closed out — a net gain of 1 holder — while 12 added to existing stakes and 12 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $106K. The largest seller was Relative Value Partners Group, cutting an estimated $474K.
- 33 institutional investors held GDL Fund (GDL) as of Q3 2023, up from 32 in Q2 2023.
- Funds reported $39.2M of GDL Fund stock for Q3 2023, down 4.4% quarter-over-quarter.
- 3 funds opened new GDL Fund positions in Q3 2023 and 2 closed out, a net change of +1 holder.
- The largest GDL Fund buyer in Q3 2023 was Susquehanna International Group, an estimated $106K added.
- The largest GDL Fund seller in Q3 2023 was Relative Value Partners Group, an estimated $474K sold.
Based on aggregated 13F filings for Q3 2023.