GDL Fund
43 hedge funds and large institutions have $89.9M invested in GDL Fund in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 10 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
90% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 10
5% more funds holding
Funds holding: 41 → 43 (+2)
2.44% more ownership
Funds ownership: 38.26% → 40.71% (+2.4%)
3% more capital invested
Capital invested by funds: $87.1M → $89.9M (+$2.87M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$1.69M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.54M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$1.09M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$742K |
| 5 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$627K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.03M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$647K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$321K |
| 4 |
LPL Financial
San Diego,
California
|
-$223K |
| 5 |
Morgan Stanley
New York
|
-$128K |
GDL Hedge Fund Activity: Q3 2014 in Review
43 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q3 2014, worth a combined $89.9M — up 3.3% from $87.1M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new GDL positions and 2 closed out — a net gain of 2 holders — while 19 added to existing stakes and 10 trimmed.
The largest buyer was Financial & Investment Management Group, opening a new position worth an estimated $1.69M. The largest seller was TFS Capital, exiting entirely with an estimated $1.03M sold.
- 43 institutional investors held GDL Fund (GDL) as of Q3 2014, up from 41 in Q2 2014.
- Funds reported $89.9M of GDL Fund stock for Q3 2014, up 3.3% quarter-over-quarter.
- 4 funds opened new GDL Fund positions in Q3 2014 and 2 closed out, a net change of +2 holders.
- The largest GDL Fund buyer in Q3 2014 was Financial & Investment Management Group, an estimated $1.69M added.
- The largest GDL Fund seller in Q3 2014 was TFS Capital, an estimated $1.03M sold.
Based on aggregated 13F filings for Q3 2014.