GDL Fund
40 hedge funds and large institutions have $66M invested in GDL Fund in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 5 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
0% more funds holding
Funds holding: 40 → 40 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
0.5% less ownership
Funds ownership: 42.44% → 41.94% (-0.5%)
25% less capital inflows, than outflows
Capital inflows: $2.46M | Capital outflows: $3.27M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$546K |
| 2 |
Raymond James & Associates
St Petersburg,
Florida
|
+$435K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$210K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$195K |
| 5 |
Zazove Associates
Incline Village,
Nevada
|
+$166K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bulldog Investors
Saddle Brook,
New Jersey
|
-$854K |
| 2 |
GAMCO Investors
Greenwich,
Connecticut
|
-$439K |
| 3 |
Matisse Capital
Portland,
Oregon
|
-$427K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$366K |
| 5 |
Doliver Advisors
Houston,
Texas
|
-$338K |
GDL Hedge Fund Activity: Q3 2018 in Review
40 of the 4,392 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q3 2018, worth a combined $66M — down 3.2% from $68.2M a quarter earlier.
Fund positioning in GDL was balanced in Q3 2018: 5 funds opened new positions, 5 closed out, 16 added to existing stakes and 12 trimmed.
The largest buyer was Cornerstone Advisors, adding an estimated $546K. The largest seller was Bulldog Investors, exiting entirely with an estimated $854K sold.
- 40 institutional investors held GDL Fund (GDL) as of Q3 2018, unchanged from Q2 2018.
- Funds reported $66M of GDL Fund stock for Q3 2018, down 3.2% quarter-over-quarter.
- 5 funds opened new GDL Fund positions in Q3 2018 and 5 closed out, a net change of 0 holders.
- The largest GDL Fund buyer in Q3 2018 was Cornerstone Advisors, an estimated $546K added.
- The largest GDL Fund seller in Q3 2018 was Bulldog Investors, an estimated $854K sold.
Based on aggregated 13F filings for Q3 2018.