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GDL

GDL Fund
GDL

44 hedge funds and large institutions have $88.9M invested in GDL Fund in 2015 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 19 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

1% more capital invested

Capital invested by funds: $87.8M → $88.9M (+$1.08M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.89% less ownership

Funds ownership: 40.97% → 40.08% (-0.89%)

12% less funds holding

Funds holding: 50 → 44 (-6)

32% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 19

67% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 9

Holders
44
Holders Change
-6
Holders Change %
-12%
% of All Funds
1.17%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
3
Increased
13
Reduced
19
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Deutsche Bank
Deutsche Bank
Germany
+$1.38M
2
CA
Cornerstone Advisors
North Carolina
+$1.1M
3
RJA
Raymond James & Associates
Florida
+$693K
4
Bank of America
Bank of America
North Carolina
+$311K
5
FIMG
Financial & Investment Management Group
Michigan
+$276K

Top Sellers

1
AA
Ancora Advisors
Ohio
-$2.44M
2
Morgan Stanley
Morgan Stanley
New York
-$749K
3
SCM
Summit Capital Management
Washington
-$612K
4
GC
Guggenheim Capital
Illinois
-$477K
5
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$462K
Name Holding Trade Value Shares
Change 		Change in
Stake
NPC
51
National Planning Corporation
California
– -$11.7K -1,154 Closed
BAM
52
Barrett Asset Management
New York
– -$10K -1,000 Closed
1 2
3

GDL Hedge Fund Activity: Q1 2015 in Review

44 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q1 2015, worth a combined $88.9M — up 1.2% from $87.8M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of GDL and 3 opened new positions — a net loss of 6 holders — while 19 trimmed existing stakes and 13 added.

The largest buyer was Deutsche Bank, adding an estimated $1.38M. The largest seller was Ancora Advisors, exiting entirely with an estimated $2.44M sold.

  • 44 institutional investors held GDL Fund (GDL) as of Q1 2015, down from 50 in Q4 2014.
  • Funds reported $88.9M of GDL Fund stock for Q1 2015, up 1.2% quarter-over-quarter.
  • 3 funds opened new GDL Fund positions in Q1 2015 and 9 closed out, a net change of -6 holders.
  • The largest GDL Fund buyer in Q1 2015 was Deutsche Bank, an estimated $1.38M added.
  • The largest GDL Fund seller in Q1 2015 was Ancora Advisors, an estimated $2.44M sold.

Based on aggregated 13F filings for Q1 2015.