GDL Fund
35 hedge funds and large institutions have $69.2M invested in GDL Fund in 2019 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
45% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 11
9% more funds holding
Funds holding: 32 → 35 (+3)
9% more capital invested
Capital invested by funds: $63.7M → $69.2M (+$5.56M)
3.92% more ownership
Funds ownership: 41.52% → 45.44% (+3.9%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZA
Zazove Associates
Incline Village,
Nevada
|
+$1.42M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$857K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$501K |
| 4 |
Morgan Stanley
New York
|
+$369K |
| 5 |
RVPG
Relative Value Partners Group
|
+$343K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$2.17M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$490K |
| 3 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$376K |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
-$47K |
| 5 |
RTS
Round Table Services
Westfield,
New Jersey
|
-$33.1K |
GDL Hedge Fund Activity: Q4 2019 in Review
35 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q4 2019, worth a combined $69.2M — up 8.7% from $63.7M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GDL positions and 2 closed out — a net gain of 4 holders — while 16 added to existing stakes and 11 trimmed.
The largest buyer was Zazove Associates, opening a new position worth an estimated $1.42M. The largest seller was Lazard Asset Management, cutting an estimated $2.17M.
- 35 institutional investors held GDL Fund (GDL) as of Q4 2019, up from 32 in Q3 2019.
- Funds reported $69.2M of GDL Fund stock for Q4 2019, up 8.7% quarter-over-quarter.
- 6 funds opened new GDL Fund positions in Q4 2019 and 2 closed out, a net change of +4 holders.
- The largest GDL Fund buyer in Q4 2019 was Zazove Associates, an estimated $1.42M added.
- The largest GDL Fund seller in Q4 2019 was Lazard Asset Management, an estimated $2.17M sold.
Based on aggregated 13F filings for Q4 2019.