GDL Fund
GDL
40 hedge funds and large institutions have $94.9M invested in GDL Fund in 2013 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 1 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 11
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.17% less ownership
Funds ownership: 40.16% → 39.99% (-0.17%)
2% less capital invested
Capital invested by funds: $96.5M → $94.9M (-$1.58M)
2% less funds holding
Funds holding: 41 → 40 (-1)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.58M |
| 2 |
GPC
Glacier Peak Capital
Bellevue,
Washington
|
+$732K |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$704K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$556K |
| 5 |
Morgan Stanley
New York
|
+$483K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.01M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.71M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$426K |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$374K |
| 5 |
Lazard Asset Management
New York
|
-$252K |
GDL Hedge Fund Activity: Q3 2013 in Review
40 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q3 2013, worth a combined $94.9M — down 1.6% from $96.5M a quarter earlier.
Sellers outnumbered buyers: 1 fund closed out of GDL and 0 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 17 added.
The largest buyer was Deutsche Bank, adding an estimated $1.58M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.01M.
- 40 institutional investors held GDL Fund (GDL) as of Q3 2013, down from 41 in Q2 2013.
- Funds reported $94.9M of GDL Fund stock for Q3 2013, down 1.6% quarter-over-quarter.
- 0 funds opened new GDL Fund positions in Q3 2013 and 1 closed out, a net change of -1 holder.
- The largest GDL Fund buyer in Q3 2013 was Deutsche Bank, an estimated $1.58M added.
- The largest GDL Fund seller in Q3 2013 was Rivernorth Capital Management, an estimated $3.01M sold.
Based on aggregated 13F filings for Q3 2013.