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GDL

GDL Fund
GDL

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
36
Holders Change
-4
Holders Change %
-10%
% of All Funds
0.8%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
5
Increased
12
Reduced
14
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GCIA
Gabelli & Co Investment Advisers
New York
+$8.33M
2
GI
GAMCO Investors
Connecticut
+$529K
3
RVPG
Relative Value Partners Group
+$432K
4
Stifel Financial
Stifel Financial
Missouri
+$285K
5
CCP
Cardan Capital Partners
Colorado
+$185K

Top Sellers

Rank Fund Capital Flow
1
Lazard Asset Management
Lazard Asset Management
New York
-$1.72M
2
AAM
Advisors Asset Management
Colorado
-$1.04M
3
WAM
Wolverine Asset Management
Illinois
-$780K
4
GC
Guggenheim Capital
Illinois
-$557K
5
FIMG
Financial & Investment Management Group
Michigan
-$447K

GDL Hedge Fund Activity: Q4 2018 in Review

36 of the 4,505 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.