GDL Fund
41 hedge funds and large institutions have $94M invested in GDL Fund in 2013 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 7 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 10
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
18% more capital inflows, than outflows
Capital inflows: $9.14M | Capital outflows: $7.75M
3% more funds holding
Funds holding: 40 → 41 (+1)
0.51% more ownership
Funds ownership: 39.99% → 40.5% (+0.51%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$2.76M |
| 2 |
Glacier Peak Capital
Bellevue,
Washington
|
+$2.04M |
| 3 |
Guggenheim Capital
Chicago,
Illinois
|
+$763K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$696K |
| 5 |
GAMCO Investors
Greenwich,
Connecticut
|
+$615K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Advisors Asset Management
Monument,
Colorado
|
-$3.5M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.55M |
| 3 |
UBS
Zurich,
Switzerland
|
-$774K |
| 4 |
Morgan Stanley
New York
|
-$593K |
| 5 |
Parametric Portfolio Associates
Seattle,
Washington
|
-$514K |
GDL Hedge Fund Activity: Q4 2013 in Review
41 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q4 2013, worth a combined $94M — down 0.88% from $94.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new GDL positions and 7 closed out — a net gain of 2 holders — while 14 added to existing stakes and 10 trimmed.
The largest buyer was Lazard Asset Management, adding an estimated $2.76M. The largest seller was Advisors Asset Management, cutting an estimated $3.5M.
- 41 institutional investors held GDL Fund (GDL) as of Q4 2013, up from 40 in Q3 2013.
- Funds reported $94M of GDL Fund stock for Q4 2013, down 0.88% quarter-over-quarter.
- 9 funds opened new GDL Fund positions in Q4 2013 and 7 closed out, a net change of +2 holders.
- The largest GDL Fund buyer in Q4 2013 was Lazard Asset Management, an estimated $2.76M added.
- The largest GDL Fund seller in Q4 2013 was Advisors Asset Management, an estimated $3.5M sold.
Based on aggregated 13F filings for Q4 2013.