GDL Fund
38 hedge funds and large institutions have $89M invested in GDL Fund in 2018 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 17 increasing their positions, 10 reducing their positions, and 2 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 10
1.4% more ownership
Funds ownership: 51.55% → 52.95% (+1.4%)
0% more funds holding
Funds holding: 38 → 38 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
2% less capital invested
Capital invested by funds: $90.8M → $89M (-$1.87M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$2.55M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$925K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$553K |
| 4 |
RVPG
Relative Value Partners Group
|
+$549K |
| 5 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$534K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GPC
Glacier Peak Capital
Bellevue,
Washington
|
-$2.74M |
| 2 |
HK
Horizon Kinetics
New York
|
-$894K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$816K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$192K |
| 5 |
6M
6 Meridian
Wichita,
Kansas
|
-$126K |
GDL Hedge Fund Activity: Q1 2018 in Review
38 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q1 2018, worth a combined $89M — down 2.1% from $90.8M a quarter earlier.
Fund positioning in GDL was balanced in Q1 2018: 2 funds opened new positions, 2 closed out, 17 added to existing stakes and 10 trimmed.
The largest buyer was Matisse Capital, adding an estimated $2.55M. The largest seller was Glacier Peak Capital, cutting an estimated $2.74M.
- 38 institutional investors held GDL Fund (GDL) as of Q1 2018, unchanged from Q4 2017.
- Funds reported $89M of GDL Fund stock for Q1 2018, down 2.1% quarter-over-quarter.
- 2 funds opened new GDL Fund positions in Q1 2018 and 2 closed out, a net change of 0 holders.
- The largest GDL Fund buyer in Q1 2018 was Matisse Capital, an estimated $2.55M added.
- The largest GDL Fund seller in Q1 2018 was Glacier Peak Capital, an estimated $2.74M sold.
Based on aggregated 13F filings for Q1 2018.