GDL Fund
38 hedge funds and large institutions have $88.9M invested in GDL Fund in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 5 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 7
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.21% less ownership
Funds ownership: 40.5% → 38.29% (-2.2%)
7% less funds holding
Funds holding: 41 → 38 (-3)
32% less capital inflows, than outflows
Capital inflows: $6.23M | Capital outflows: $9.18M
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James & Associates
St Petersburg,
Florida
|
+$1.34M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
+$1.15M |
| 3 |
Punch & Associates Investment Management
Edina,
Minnesota
|
+$584K |
| 4 |
Morgan Stanley
New York
|
+$534K |
| 5 |
Ancora Advisors
Cleveland,
Ohio
|
+$512K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$4.93M |
| 2 |
Glacier Peak Capital
Bellevue,
Washington
|
-$2.59M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$477K |
| 4 |
Advisors Asset Management
Monument,
Colorado
|
-$320K |
| 5 |
SG Americas Securities
New York
|
-$277K |
GDL Hedge Fund Activity: Q1 2014 in Review
38 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q1 2014, worth a combined $88.9M — down 5.5% from $94M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GDL and 3 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 14 added.
The largest buyer was Raymond James & Associates, adding an estimated $1.34M. The largest seller was Lazard Asset Management, cutting an estimated $4.93M.
- 38 institutional investors held GDL Fund (GDL) as of Q1 2014, down from 41 in Q4 2013.
- Funds reported $88.9M of GDL Fund stock for Q1 2014, down 5.5% quarter-over-quarter.
- 3 funds opened new GDL Fund positions in Q1 2014 and 5 closed out, a net change of -2 holders.
- The largest GDL Fund buyer in Q1 2014 was Raymond James & Associates, an estimated $1.34M added.
- The largest GDL Fund seller in Q1 2014 was Lazard Asset Management, an estimated $4.93M sold.
Based on aggregated 13F filings for Q1 2014.