GDL Fund
47 hedge funds and large institutions have $87.5M invested in GDL Fund in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 4 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
13% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 16
0.59% less ownership
Funds ownership: 47.79% → 47.2% (-0.59%)
4% less capital invested
Capital invested by funds: $90.9M → $87.5M (-$3.35M)
2% less funds holding
Funds holding: 48 → 47 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.31M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.41M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$627K |
| 4 |
GPC
Glacier Peak Capital
Bellevue,
Washington
|
+$539K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$538K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$3.97M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.04M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$829K |
| 4 |
Morgan Stanley
New York
|
-$406K |
| 5 |
Lazard Asset Management
New York
|
-$348K |
GDL Hedge Fund Activity: Q3 2016 in Review
47 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q3 2016, worth a combined $87.5M — down 3.7% from $90.9M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of GDL and 3 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 18 added.
The largest buyer was Raymond James & Associates, adding an estimated $2.31M. The largest seller was Punch & Associates Investment Management, exiting entirely with an estimated $3.97M sold.
- 47 institutional investors held GDL Fund (GDL) as of Q3 2016, down from 48 in Q2 2016.
- Funds reported $87.5M of GDL Fund stock for Q3 2016, down 3.7% quarter-over-quarter.
- 3 funds opened new GDL Fund positions in Q3 2016 and 4 closed out, a net change of -1 holder.
- The largest GDL Fund buyer in Q3 2016 was Raymond James & Associates, an estimated $2.31M added.
- The largest GDL Fund seller in Q3 2016 was Punch & Associates Investment Management, an estimated $3.97M sold.
Based on aggregated 13F filings for Q3 2016.