GDL Fund
GDL
45 hedge funds and large institutions have $92M invested in GDL Fund in 2015 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 3 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
11% more capital invested
Capital invested by funds: $82.7M → $92M (+$9.27M)
5% more funds holding
Funds holding: 43 → 45 (+2)
3.73% more ownership
Funds ownership: 41.69% → 45.42% (+3.7%)
18% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$13.5M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$3.06M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$868K |
| 4 |
GPC
Glacier Peak Capital
Bellevue,
Washington
|
+$352K |
| 5 |
HK
Horizon Kinetics
New York
|
+$336K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$13.2M |
| 2 |
Lazard Asset Management
New York
|
-$1.86M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
-$1M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$745K |
| 5 |
SCM
Summit Capital Management
Seattle,
Washington
|
-$350K |
GDL Hedge Fund Activity: Q4 2015 in Review
45 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q4 2015, worth a combined $92M — up 11% from $82.7M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new GDL positions and 3 closed out — a net gain of 2 holders — while 14 added to existing stakes and 17 trimmed.
The largest buyer was Gabelli & Co Investment Advisers, opening a new position worth an estimated $13.5M. The largest seller was GAMCO Investors, cutting an estimated $13.2M.
- 45 institutional investors held GDL Fund (GDL) as of Q4 2015, up from 43 in Q3 2015.
- Funds reported $92M of GDL Fund stock for Q4 2015, up 11% quarter-over-quarter.
- 5 funds opened new GDL Fund positions in Q4 2015 and 3 closed out, a net change of +2 holders.
- The largest GDL Fund buyer in Q4 2015 was Gabelli & Co Investment Advisers, an estimated $13.5M added.
- The largest GDL Fund seller in Q4 2015 was GAMCO Investors, an estimated $13.2M sold.
Based on aggregated 13F filings for Q4 2015.