GDL Fund
40 hedge funds and large institutions have $53.8M invested in GDL Fund in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 12 reducing their positions, and 4 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
42% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 12
8% more funds holding
Funds holding: 37 → 40 (+3)
6.55% less ownership
Funds ownership: 48.78% → 42.23% (-6.5%)
10% less capital invested
Capital invested by funds: $59.9M → $53.8M (-$6.16M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.08M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$830K |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$707K |
| 4 |
PAS
Park Avenue Securities
New York
|
+$563K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$188K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$5.25M |
| 2 |
Morgan Stanley
New York
|
-$4.15M |
| 3 |
RVPG
Relative Value Partners Group
|
-$2.37M |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
-$1.02M |
| 5 |
CCP
Cardan Capital Partners
Denver,
Colorado
|
-$211K |
GDL Hedge Fund Activity: Q2 2020 in Review
40 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q2 2020, worth a combined $53.8M — down 10% from $59.9M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new GDL positions and 4 closed out — a net gain of 3 holders — while 17 added to existing stakes and 12 trimmed.
The largest buyer was 1607 Capital Partners, opening a new position worth an estimated $1.08M. The largest seller was Lazard Asset Management, exiting entirely with an estimated $5.25M sold.
- 40 institutional investors held GDL Fund (GDL) as of Q2 2020, up from 37 in Q1 2020.
- Funds reported $53.8M of GDL Fund stock for Q2 2020, down 10% quarter-over-quarter.
- 7 funds opened new GDL Fund positions in Q2 2020 and 4 closed out, a net change of +3 holders.
- The largest GDL Fund buyer in Q2 2020 was 1607 Capital Partners, an estimated $1.08M added.
- The largest GDL Fund seller in Q2 2020 was Lazard Asset Management, an estimated $5.25M sold.
Based on aggregated 13F filings for Q2 2020.