GDL Fund
GDL
27 hedge funds and large institutions have $41M invested in GDL Fund in 2025 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 13 reducing their positions, and 2 closing their positions.
0% more funds holding
Funds holding: 27 → 27 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
0% less capital invested
Capital invested by funds: $41.1M → $41M (-$74.5K)
1.13% less ownership
Funds ownership: 43.79% → 42.66% (-1.1%)
77% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$991K |
| 2 |
SMA
Seven Mile Advisory
Ewing,
New Jersey
|
+$333K |
| 3 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$111K |
| 4 |
KG
Kilter Group
Rhinebeck,
New York
|
+$12.6K |
| 5 |
ICMP
Integrated Capital Management (Pennsylvania)
Jessup,
Pennsylvania
|
+$1.63K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$1.57M |
| 2 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$332K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$205K |
| 4 |
VF
Virtu Financial
New York
|
-$125K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$103K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KG
26
Kilter Group
Rhinebeck,
New York
| $12.8K | +$12.6K | +1,499 | New |
|
|
AAS
27
Ameritas Advisory Services
Lincoln,
Nebraska
| $9.66K | – | – | – |
|
|
VF
28
Virtu Financial
New York
| – | -$125K | -14,981 | Closed |
|
29
Raymond James Financial
St Petersburg,
Florida
| – | -$29.1K | -3,488 | Closed |
|
GDL Hedge Fund Activity: Q3 2025 in Review
27 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q3 2025, worth a combined $41M — down 0.18% from $41.1M a quarter earlier.
Fund positioning in GDL was balanced in Q3 2025: 2 funds opened new positions, 2 closed out, 3 added to existing stakes and 13 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $991K. The largest seller was GAMCO Investors, cutting an estimated $1.57M.
- 27 institutional investors held GDL Fund (GDL) as of Q3 2025, unchanged from Q2 2025.
- Funds reported $41M of GDL Fund stock for Q3 2025, down 0.18% quarter-over-quarter.
- 2 funds opened new GDL Fund positions in Q3 2025 and 2 closed out, a net change of 0 holders.
- The largest GDL Fund buyer in Q3 2025 was Morgan Stanley, an estimated $991K added.
- The largest GDL Fund seller in Q3 2025 was GAMCO Investors, an estimated $1.57M sold.
Based on aggregated 13F filings for Q3 2025.