GDL Fund
37 hedge funds and large institutions have $59.9M invested in GDL Fund in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 8 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 10
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
6% more funds holding
Funds holding: 35 → 37 (+2)
3.34% more ownership
Funds ownership: 45.44% → 48.78% (+3.3%)
13% less capital invested
Capital invested by funds: $69.2M → $59.9M (-$9.29M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.44M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.09M |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.03M |
| 4 |
Morgan Stanley
New York
|
+$696K |
| 5 |
MAM
Marquette Asset Management
Minneapolis,
Minnesota
|
+$358K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$761K |
| 3 |
Lazard Asset Management
New York
|
-$718K |
| 4 |
RVPG
Relative Value Partners Group
|
-$661K |
| 5 |
PAS
Park Avenue Securities
New York
|
-$407K |
GDL Hedge Fund Activity: Q1 2020 in Review
37 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q1 2020, worth a combined $59.9M — down 13% from $69.2M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new GDL positions and 8 closed out — a net gain of 3 holders — while 15 added to existing stakes and 10 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $1.44M. The largest seller was Cornerstone Advisors, cutting an estimated $2M.
- 37 institutional investors held GDL Fund (GDL) as of Q1 2020, up from 35 in Q4 2019.
- Funds reported $59.9M of GDL Fund stock for Q1 2020, down 13% quarter-over-quarter.
- 11 funds opened new GDL Fund positions in Q1 2020 and 8 closed out, a net change of +3 holders.
- The largest GDL Fund buyer in Q1 2020 was Raymond James & Associates, an estimated $1.44M added.
- The largest GDL Fund seller in Q1 2020 was Cornerstone Advisors, an estimated $2M sold.
Based on aggregated 13F filings for Q1 2020.