GDL Fund
27 hedge funds and large institutions have $39.1M invested in GDL Fund in 2024 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 10 reducing their positions, and 1 closing their positions.
0% more funds holding
Funds holding: 27 → 27 (0)
0% more first-time investments, than exits
New positions opened: 1 | Existing positions closed: 1
5% less capital invested
Capital invested by funds: $40.9M → $39.1M (-$1.89M)
1.56% less ownership
Funds ownership: 37% → 35.44% (-1.6%)
20% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 10
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$376K |
| 2 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$98.6K |
| 3 |
MCI
MRP Capital Investments
Alpharetta,
Georgia
|
+$39.6K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$32.3K |
| 5 |
PAS
Park Avenue Securities
New York
|
+$28.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.66M |
| 2 |
RVPG
Relative Value Partners Group
|
-$289K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$128K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$80.1K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$55.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VWM
26
Venturi Wealth Management
Austin,
Texas
| $3.77K | – | – | – |
|
|
FGA
27
Fortis Group Advisors
Westwood,
New Jersey
| $2.98K | -$2.97K | -375 | -50% |
|
28
JP Morgan Chase
New York
| – | -$16.4K | -2,044 | Closed |
|
GDL Hedge Fund Activity: Q1 2024 in Review
27 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q1 2024, worth a combined $39.1M — down 4.6% from $40.9M a quarter earlier.
Fund positioning in GDL was balanced in Q1 2024: 1 fund opened new positions, 1 closed out, 8 added to existing stakes and 10 trimmed.
The largest buyer was NewEdge Advisors, adding an estimated $376K. The largest seller was Morgan Stanley, cutting an estimated $1.66M.
- 27 institutional investors held GDL Fund (GDL) as of Q1 2024, unchanged from Q4 2023.
- Funds reported $39.1M of GDL Fund stock for Q1 2024, down 4.6% quarter-over-quarter.
- 1 fund opened new GDL Fund positions in Q1 2024 and 1 closed out, a net change of 0 holders.
- The largest GDL Fund buyer in Q1 2024 was NewEdge Advisors, an estimated $376K added.
- The largest GDL Fund seller in Q1 2024 was Morgan Stanley, an estimated $1.66M sold.
Based on aggregated 13F filings for Q1 2024.