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GDL

GDL Fund

26 hedge funds and large institutions have $53.6M invested in GDL Fund in 2022 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

1.11% more ownership

Funds ownership: 43.98%45.09% (+1.1%)

2% less capital invested

Capital invested by funds: $54.8M → $53.6M (-$1.18M)

10% less funds holding

Funds holding: 2926 (-3)

18% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 11

60% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 5

Holders
26
Holders Change
-3
Holders Change %
-10.34%
% of All Funds
0.41%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
2
Increased
9
Reduced
11
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GCIA
1
Gabelli & Co Investment Advisers
New York
$15.9M
RVPG
2
Relative Value Partners Group
$9.62M -$83.6K -9,642 -0.9%
RJA
3
Raymond James & Associates
Florida
$5.24M +$8.64K +997 +0.2%
RCM
4
Rivernorth Capital Management
Florida
$4.15M -$710K -81,902 -14%
GI
5
GAMCO Investors
Connecticut
$3.43M +$15.1K +1,742 +0.4%
Bank of America
6
Bank of America
North Carolina
$2.78M +$327K +37,717 +13%
Morgan Stanley
7
Morgan Stanley
New York
$1.76M +$55.6K +6,414 +3%
ZA
8
Zazove Associates
Nevada
$1.75M +$1.76M +203,318 New
AA
9
Ancora Advisors
Ohio
$1.61M -$32.1K -3,705 -2%
CA
10
Cornerstone Advisors
North Carolina
$1.51M -$17.3K -2,000 -1%
Envestnet Asset Management
11
Envestnet Asset Management
Illinois
$1.04M +$6.85K +790 +0.7%
MIG
12
Mariner Investment Group
New York
$1.03M -$160K -18,463 -13%
PAS
13
Park Avenue Securities
New York
$1.01M +$22.6K +2,605 +2%
CL
14
CSS LLC
Illinois
$878K
Wells Fargo
15
Wells Fargo
California
$532K -$36.2K -4,176 -6%
EP
16
Eudaimonia Partners
Tennessee
$242K +$40.8K +4,700 New
PAG
17
Private Advisor Group
New Jersey
$205K +$4.83K +557 +2%
Stifel Financial
18
Stifel Financial
Missouri
$195K -$112K -12,964 -36%
ICMP
19
Integrated Capital Management (Pennsylvania)
Pennsylvania
$164K -$13.3K -1,531 -7%
UBS Group
20
UBS Group
Switzerland
$150K +$23.5K +2,714 +18%
9WM
21
9258 Wealth Management
Ohio
$132K -$18.7K -2,158 -12%
Osaic Holdings
22
Osaic Holdings
Arizona
$85K -$6.75K -779 -7%
TJHA
23
Thomas J. Herzfeld Advisors
Florida
$43K +$590 +68 +1%
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
$39K -$26K -3,002 -40%
MSFP
25
Mark Sheptoff Financial Planning
Connecticut
$26K

GDL Hedge Fund Activity: Q1 2022 in Review

26 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q1 2022, worth a combined $53.6M — down 2.2% from $54.8M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of GDL and 2 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 9 added.

The largest buyer was Bank of America, adding an estimated $327K. The largest seller was Rivernorth Capital Management, cutting an estimated $710K.

  • 26 institutional investors held GDL Fund (GDL) as of Q1 2022, down from 29 in Q4 2021.
  • Funds reported $53.6M of GDL Fund stock for Q1 2022, down 2.2% quarter-over-quarter.
  • 2 funds opened new GDL Fund positions in Q1 2022 and 5 closed out, a net change of -3 holders.
  • The largest GDL Fund buyer in Q1 2022 was Bank of America, an estimated $327K added.
  • The largest GDL Fund seller in Q1 2022 was Rivernorth Capital Management, an estimated $710K sold.

Based on aggregated 13F filings for Q1 2022.