GDL Fund
42 hedge funds and large institutions have $85.5M invested in GDL Fund in 2015 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 18 increasing their positions, 11 reducing their positions, and 3 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 11
1.39% more ownership
Funds ownership: 40.08% → 41.47% (+1.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $88.9M → $85.5M (-$3.41M)
5% less funds holding
Funds holding: 44 → 42 (-2)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$2.13M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$717K |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$307K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$269K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$268K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.4M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$1.06M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$687K |
| 4 |
Morgan Stanley
New York
|
-$601K |
| 5 |
ST
Sentinel Trust
Houston,
Texas
|
-$481K |
GDL Hedge Fund Activity: Q2 2015 in Review
42 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q2 2015, worth a combined $85.5M — down 3.8% from $88.9M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of GDL and 2 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 18 added.
The largest buyer was Ancora Advisors, opening a new position worth an estimated $2.13M. The largest seller was Deutsche Bank, cutting an estimated $1.4M.
- 42 institutional investors held GDL Fund (GDL) as of Q2 2015, down from 44 in Q1 2015.
- Funds reported $85.5M of GDL Fund stock for Q2 2015, down 3.8% quarter-over-quarter.
- 2 funds opened new GDL Fund positions in Q2 2015 and 3 closed out, a net change of -1 holder.
- The largest GDL Fund buyer in Q2 2015 was Ancora Advisors, an estimated $2.13M added.
- The largest GDL Fund seller in Q2 2015 was Deutsche Bank, an estimated $1.4M sold.
Based on aggregated 13F filings for Q2 2015.