GDL Fund
GDL
48 hedge funds and large institutions have $90.9M invested in GDL Fund in 2016 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
25% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 16
4% more funds holding
Funds holding: 46 → 48 (+2)
2.4% more ownership
Funds ownership: 45.39% → 47.79% (+2.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less capital invested
Capital invested by funds: $92M → $90.9M (-$1.09M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.76M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.1M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$368K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$350K |
| 5 |
ST
Sentinel Trust
Houston,
Texas
|
+$346K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$2.74M |
| 2 |
Lazard Asset Management
New York
|
-$1.57M |
| 3 |
HK
Horizon Kinetics
New York
|
-$510K |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$337K |
| 5 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$290K |
GDL Hedge Fund Activity: Q2 2016 in Review
48 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q2 2016, worth a combined $90.9M — down 1.2% from $92M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new GDL positions and 2 closed out — a net gain of 2 holders — while 20 added to existing stakes and 16 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $2.76M. The largest seller was Punch & Associates Investment Management, cutting an estimated $2.74M.
- 48 institutional investors held GDL Fund (GDL) as of Q2 2016, up from 46 in Q1 2016.
- Funds reported $90.9M of GDL Fund stock for Q2 2016, down 1.2% quarter-over-quarter.
- 4 funds opened new GDL Fund positions in Q2 2016 and 2 closed out, a net change of +2 holders.
- The largest GDL Fund buyer in Q2 2016 was Advisors Asset Management, an estimated $2.76M added.
- The largest GDL Fund seller in Q2 2016 was Punch & Associates Investment Management, an estimated $2.74M sold.
Based on aggregated 13F filings for Q2 2016.