GDL Fund
34 hedge funds and large institutions have $53.1M invested in GDL Fund in 2020 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 6 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1% less capital invested
Capital invested by funds: $53.8M → $53.1M (-$660K)
1.26% less ownership
Funds ownership: 42.23% → 40.97% (-1.3%)
15% less funds holding
Funds holding: 40 → 34 (-6)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$531K |
| 2 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$204K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$119K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$86.4K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$80.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$593K |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$431K |
| 3 |
MAM
Marquette Asset Management
Minneapolis,
Minnesota
|
-$334K |
| 4 |
6M
6 Meridian
Wichita,
Kansas
|
-$298K |
| 5 |
BFM
Boothbay Fund Management
New York
|
-$212K |
GDL Hedge Fund Activity: Q3 2020 in Review
34 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q3 2020, worth a combined $53.1M — down 1.2% from $53.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of GDL and 0 opened new positions — a net loss of 6 holders — while 12 trimmed existing stakes and 16 added.
The largest buyer was Relative Value Partners Group, adding an estimated $531K. The largest seller was Raymond James & Associates, cutting an estimated $593K.
- 34 institutional investors held GDL Fund (GDL) as of Q3 2020, down from 40 in Q2 2020.
- Funds reported $53.1M of GDL Fund stock for Q3 2020, down 1.2% quarter-over-quarter.
- 0 funds opened new GDL Fund positions in Q3 2020 and 6 closed out, a net change of -6 holders.
- The largest GDL Fund buyer in Q3 2020 was Relative Value Partners Group, an estimated $531K added.
- The largest GDL Fund seller in Q3 2020 was Raymond James & Associates, an estimated $593K sold.
Based on aggregated 13F filings for Q3 2020.