GDL Fund
41 hedge funds and large institutions have $87.1M invested in GDL Fund in 2014 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
40% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 10
8% more funds holding
Funds holding: 38 → 41 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.03% less ownership
Funds ownership: 38.29% → 38.26% (-0.03%)
2% less capital invested
Capital invested by funds: $88.9M → $87.1M (-$1.79M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.02M |
| 2 |
SCM
Summit Capital Management
Seattle,
Washington
|
+$1.02M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.01M |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$833K |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$439K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$5.75M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$799K |
| 3 |
GPC
Glacier Peak Capital
Bellevue,
Washington
|
-$331K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$227K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$192K |
GDL Hedge Fund Activity: Q2 2014 in Review
41 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q2 2014, worth a combined $87.1M — down 2% from $88.9M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GDL positions and 3 closed out — a net gain of 3 holders — while 14 added to existing stakes and 10 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $1.02M. The largest seller was Lazard Asset Management, cutting an estimated $5.75M.
- 41 institutional investors held GDL Fund (GDL) as of Q2 2014, up from 38 in Q1 2014.
- Funds reported $87.1M of GDL Fund stock for Q2 2014, down 2% quarter-over-quarter.
- 6 funds opened new GDL Fund positions in Q2 2014 and 3 closed out, a net change of +3 holders.
- The largest GDL Fund buyer in Q2 2014 was Rivernorth Capital Management, an estimated $1.02M added.
- The largest GDL Fund seller in Q2 2014 was Lazard Asset Management, an estimated $5.75M sold.
Based on aggregated 13F filings for Q2 2014.