GDL Fund
36 hedge funds and large institutions have $71.8M invested in GDL Fund in 2018 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 14 reducing their positions, and 9 closing their positions.
9% more capital invested
Capital invested by funds: $66M → $71.8M (+$5.78M)
2.78% more ownership
Funds ownership: 41.94% → 44.73% (+2.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less funds holding
Funds holding: 40 → 36 (-4)
14% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 14
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$8.33M |
| 2 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$529K |
| 3 |
RVPG
Relative Value Partners Group
|
+$432K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$285K |
| 5 |
CCP
Cardan Capital Partners
Denver,
Colorado
|
+$185K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$1.72M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.04M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$780K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$557K |
| 5 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$447K |
GDL Hedge Fund Activity: Q4 2018 in Review
36 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q4 2018, worth a combined $71.8M — up 8.8% from $66M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of GDL and 5 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 12 added.
The largest buyer was Gabelli & Co Investment Advisers, adding an estimated $8.33M. The largest seller was Lazard Asset Management, cutting an estimated $1.72M.
- 36 institutional investors held GDL Fund (GDL) as of Q4 2018, down from 40 in Q3 2018.
- Funds reported $71.8M of GDL Fund stock for Q4 2018, up 8.8% quarter-over-quarter.
- 5 funds opened new GDL Fund positions in Q4 2018 and 9 closed out, a net change of -4 holders.
- The largest GDL Fund buyer in Q4 2018 was Gabelli & Co Investment Advisers, an estimated $8.33M added.
- The largest GDL Fund seller in Q4 2018 was Lazard Asset Management, an estimated $1.72M sold.
Based on aggregated 13F filings for Q4 2018.