GDL Fund
25 hedge funds and large institutions have $22M invested in GDL Fund in 2024 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 10 reducing their positions, and 5 closing their positions.
11.92% less ownership
Funds ownership: 34.75% → 22.83% (-12%)
14% less funds holding
Funds holding: 29 → 25 (-4)
20% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 10
32% less capital invested
Capital invested by funds: $32.3M → $22M (-$10.3M)
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$6.18M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$102K |
| 3 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$33.1K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$22.6K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$13.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
-$14.5M |
| 2 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$1.42M |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$1.03M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$94.9K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$93.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GCIA
26
Gabelli & Co Investment Advisers
Rye,
New York
| – | -$14.5M | -1,846,943 | Closed |
|
|
RJA
27
Raymond James & Associates
St Petersburg,
Florida
| – | -$94.9K | -12,109 | Closed |
|
|
28
Citadel Advisors
Miami,
Florida
| – | -$93.1K | -11,881 | Closed |
|
|
AW
29
Atlas Wealth
Cincinnati,
Ohio
| – | -$84.7K | -10,787 | Closed |
|
|
FGA
30
Fortis Group Advisors
Westwood,
New Jersey
| – | -$2.94K | -375 | Closed |
|
GDL Hedge Fund Activity: Q3 2024 in Review
25 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q3 2024, worth a combined $22M — down 32% from $32.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GDL and 1 opened new positions — a net loss of 4 holders — while 10 trimmed existing stakes and 8 added.
The largest buyer was Kovitz Investment Group Partners, opening a new position worth an estimated $6.18M. The largest seller was Gabelli & Co Investment Advisers, exiting entirely with an estimated $14.5M sold.
- 25 institutional investors held GDL Fund (GDL) as of Q3 2024, down from 29 in Q2 2024.
- Funds reported $22M of GDL Fund stock for Q3 2024, down 32% quarter-over-quarter.
- 1 fund opened new GDL Fund positions in Q3 2024 and 5 closed out, a net change of -4 holders.
- The largest GDL Fund buyer in Q3 2024 was Kovitz Investment Group Partners, an estimated $6.18M added.
- The largest GDL Fund seller in Q3 2024 was Gabelli & Co Investment Advisers, an estimated $14.5M sold.
Based on aggregated 13F filings for Q3 2024.