GDL Fund
GDL
42 hedge funds and large institutions have $89.6M invested in GDL Fund in 2017 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 5 closing their positions.
2.01% more ownership
Funds ownership: 45.53% → 47.54% (+2%)
7% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 14
4% more capital invested
Capital invested by funds: $85.8M → $89.6M (+$3.81M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
7% less funds holding
Funds holding: 45 → 42 (-3)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
+$2.06M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.02M |
| 3 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$459K |
| 4 |
MAM
Marquette Asset Management
Minneapolis,
Minnesota
|
+$326K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$231K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$366K |
| 2 |
RTS
Round Table Services
Westfield,
New Jersey
|
-$338K |
| 3 |
OTC
Opera Trading Capital
Paris,
France
|
-$272K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$227K |
| 5 |
Lazard Asset Management
New York
|
-$194K |
GDL Hedge Fund Activity: Q1 2017 in Review
42 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q1 2017, worth a combined $89.6M — up 4.4% from $85.8M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GDL and 3 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 15 added.
The largest buyer was Horizon Kinetics, adding an estimated $2.06M. The largest seller was Matisse Capital, cutting an estimated $366K.
- 42 institutional investors held GDL Fund (GDL) as of Q1 2017, down from 45 in Q4 2016.
- Funds reported $89.6M of GDL Fund stock for Q1 2017, up 4.4% quarter-over-quarter.
- 3 funds opened new GDL Fund positions in Q1 2017 and 5 closed out, a net change of -2 holders.
- The largest GDL Fund buyer in Q1 2017 was Horizon Kinetics, an estimated $2.06M added.
- The largest GDL Fund seller in Q1 2017 was Matisse Capital, an estimated $366K sold.
Based on aggregated 13F filings for Q1 2017.