GDL Fund
GDL
37 hedge funds and large institutions have $109M invested in GDL Fund in 2017 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 15 reducing their positions, and 4 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
0.86% less ownership
Funds ownership: 60.05% → 59.19% (-0.86%)
2% less capital invested
Capital invested by funds: $111M → $109M (-$2.21M)
5% less funds holding
Funds holding: 39 → 37 (-2)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
53% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$4.23M |
| 2 |
HK
Horizon Kinetics
New York
|
+$467K |
| 3 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$237K |
| 4 |
SI
SII Investments
Appleton,
Wisconsin
|
+$122K |
| 5 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$91.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.8M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.39M |
| 3 |
GPC
Glacier Peak Capital
Bellevue,
Washington
|
-$973K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$712K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$409K |
GDL Hedge Fund Activity: Q3 2017 in Review
37 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q3 2017, worth a combined $109M — down 2% from $111M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of GDL and 3 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 7 added.
The largest buyer was Relative Value Partners Group, adding an estimated $4.23M. The largest seller was Advisors Asset Management, cutting an estimated $1.8M.
- 37 institutional investors held GDL Fund (GDL) as of Q3 2017, down from 39 in Q2 2017.
- Funds reported $109M of GDL Fund stock for Q3 2017, down 2% quarter-over-quarter.
- 3 funds opened new GDL Fund positions in Q3 2017 and 4 closed out, a net change of -1 holder.
- The largest GDL Fund buyer in Q3 2017 was Relative Value Partners Group, an estimated $4.23M added.
- The largest GDL Fund seller in Q3 2017 was Advisors Asset Management, an estimated $1.8M sold.
Based on aggregated 13F filings for Q3 2017.