GDL Fund
46 hedge funds and large institutions have $92M invested in GDL Fund in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 13 reducing their positions, and 5 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 13
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
2% more funds holding
Funds holding: 45 → 46 (+1)
0% less capital invested
Capital invested by funds: $92M → $92M (-$18.8K)
0.03% less ownership
Funds ownership: 45.42% → 45.39% (-0.03%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.21M |
| 2 |
HK
Horizon Kinetics
New York
|
+$1.21M |
| 3 |
OTC
Opera Trading Capital
Paris,
France
|
+$687K |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$422K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$284K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$3.82M |
| 2 |
Morgan Stanley
New York
|
-$509K |
| 3 |
SCM
Summit Capital Management
Seattle,
Washington
|
-$502K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$302K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$253K |
GDL Hedge Fund Activity: Q1 2016 in Review
46 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q1 2016, worth a combined $92M — down 0.02% from $92M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GDL positions and 5 closed out — a net gain of 1 holder — while 18 added to existing stakes and 13 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $2.21M. The largest seller was Matisse Capital, cutting an estimated $3.82M.
- 46 institutional investors held GDL Fund (GDL) as of Q1 2016, up from 45 in Q4 2015.
- Funds reported $92M of GDL Fund stock for Q1 2016, down 0.02% quarter-over-quarter.
- 6 funds opened new GDL Fund positions in Q1 2016 and 5 closed out, a net change of +1 holder.
- The largest GDL Fund buyer in Q1 2016 was Advisors Asset Management, an estimated $2.21M added.
- The largest GDL Fund seller in Q1 2016 was Matisse Capital, an estimated $3.82M sold.
Based on aggregated 13F filings for Q1 2016.