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GDL

GDL Fund
GDL

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
37
Holders Change
+2
Holders Change %
+5.71%
% of All Funds
0.81%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
11
Increased
15
Reduced
10
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
+$1.44M
2
MIG
Mariner Investment Group
New York
+$1.09M
3
MC
Matisse Capital
Oregon
+$1.03M
4
Morgan Stanley
Morgan Stanley
New York
+$696K
5
MAM
Marquette Asset Management
Minnesota
+$358K

Top Sellers

Rank Fund Capital Flow
1
CA
Cornerstone Advisors
North Carolina
-$2M
2
RCM
Rivernorth Capital Management
Florida
-$761K
3
Lazard Asset Management
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 4,547 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.