GDL Fund
GDL
39 hedge funds and large institutions have $111M invested in GDL Fund in 2017 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 6 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
24% more capital invested
Capital invested by funds: $89.6M → $111M (+$21.7M)
12.51% more ownership
Funds ownership: 47.54% → 60.05% (+13%)
7% less funds holding
Funds holding: 42 → 39 (-3)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$24.5M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.49M |
| 3 |
Morgan Stanley
New York
|
+$1.06M |
| 4 |
ICM
Ionic Capital Management
New York
|
+$935K |
| 5 |
OTC
Opera Trading Capital
Paris,
France
|
+$279K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.85M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.51M |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
-$1.97M |
| 4 |
GPC
Glacier Peak Capital
Bellevue,
Washington
|
-$996K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$880K |
GDL Hedge Fund Activity: Q2 2017 in Review
39 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q2 2017, worth a combined $111M — up 24% from $89.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of GDL and 3 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 14 added.
The largest buyer was Relative Value Partners Group, adding an estimated $24.5M. The largest seller was Advisors Asset Management, cutting an estimated $2.85M.
- 39 institutional investors held GDL Fund (GDL) as of Q2 2017, down from 42 in Q1 2017.
- Funds reported $111M of GDL Fund stock for Q2 2017, up 24% quarter-over-quarter.
- 3 funds opened new GDL Fund positions in Q2 2017 and 6 closed out, a net change of -3 holders.
- The largest GDL Fund buyer in Q2 2017 was Relative Value Partners Group, an estimated $24.5M added.
- The largest GDL Fund seller in Q2 2017 was Advisors Asset Management, an estimated $2.85M sold.
Based on aggregated 13F filings for Q2 2017.