GDL Fund
40 hedge funds and large institutions have $68.2M invested in GDL Fund in 2018 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
5% more funds holding
Funds holding: 38 → 40 (+2)
10.51% less ownership
Funds ownership: 52.95% → 42.44% (-11%)
23% less capital invested
Capital invested by funds: $89M → $68.2M (-$20.8M)
24% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 17
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$720K |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$715K |
| 3 |
MAM
Marquette Asset Management
Minneapolis,
Minnesota
|
+$523K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$316K |
| 5 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$119K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$18.6M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.46M |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
-$738K |
| 4 |
HK
Horizon Kinetics
New York
|
-$659K |
| 5 |
GPC
Glacier Peak Capital
Bellevue,
Washington
|
-$318K |
GDL Hedge Fund Activity: Q2 2018 in Review
40 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q2 2018, worth a combined $68.2M — down 23% from $89M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new GDL positions and 2 closed out — a net gain of 2 holders — while 13 added to existing stakes and 17 trimmed.
The largest buyer was Bulldog Investors, adding an estimated $720K. The largest seller was Relative Value Partners Group, cutting an estimated $18.6M.
- 40 institutional investors held GDL Fund (GDL) as of Q2 2018, up from 38 in Q1 2018.
- Funds reported $68.2M of GDL Fund stock for Q2 2018, down 23% quarter-over-quarter.
- 4 funds opened new GDL Fund positions in Q2 2018 and 2 closed out, a net change of +2 holders.
- The largest GDL Fund buyer in Q2 2018 was Bulldog Investors, an estimated $720K added.
- The largest GDL Fund seller in Q2 2018 was Relative Value Partners Group, an estimated $18.6M sold.
Based on aggregated 13F filings for Q2 2018.