GDL Fund
38 hedge funds and large institutions have $90.8M invested in GDL Fund in 2017 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
3% more funds holding
Funds holding: 37 → 38 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
8% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 13
7.64% less ownership
Funds ownership: 59.19% → 51.55% (-7.6%)
77% less capital inflows, than outflows
Capital inflows: $4.15M | Capital outflows: $18M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Relative Value Partners Group
|
+$1.31M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$782K |
| 3 |
Morgan Stanley
New York
|
+$480K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$427K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$303K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Gabelli & Co Investment Advisers
Rye,
New York
|
-$7.93M |
| 2 |
Glacier Peak Capital
Bellevue,
Washington
|
-$3.63M |
| 3 |
Advisors Asset Management
Monument,
Colorado
|
-$1.91M |
| 4 |
Horizon Kinetics
New York
|
-$1.19M |
| 5 |
Ionic Capital Management
New York
|
-$897K |
GDL Hedge Fund Activity: Q4 2017 in Review
38 of the 4,420 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q4 2017, worth a combined $90.8M — down 17% from $109M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new GDL positions and 4 closed out — a net gain of 1 holder — while 12 added to existing stakes and 13 trimmed.
The largest buyer was Relative Value Partners Group, adding an estimated $1.31M. The largest seller was Gabelli & Co Investment Advisers, cutting an estimated $7.93M.
- 38 institutional investors held GDL Fund (GDL) as of Q4 2017, up from 37 in Q3 2017.
- Funds reported $90.8M of GDL Fund stock for Q4 2017, down 17% quarter-over-quarter.
- 5 funds opened new GDL Fund positions in Q4 2017 and 4 closed out, a net change of +1 holder.
- The largest GDL Fund buyer in Q4 2017 was Relative Value Partners Group, an estimated $1.31M added.
- The largest GDL Fund seller in Q4 2017 was Gabelli & Co Investment Advisers, an estimated $7.93M sold.
Based on aggregated 13F filings for Q4 2017.