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GDL

GDL Fund

28 hedge funds and large institutions have $45.5M invested in GDL Fund in 2022 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.52% more ownership

Funds ownership: 41.22%41.74% (+0.52%)

0% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 3

2% less capital invested

Capital invested by funds: $46.4M → $45.5M (-$835K)

3% less funds holding

Funds holding: 2928 (-1)

36% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 11

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
28
Holders Change
-1
Holders Change %
-3.45%
% of All Funds
0.48%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
3
Increased
7
Reduced
11
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GCIA
1
Gabelli & Co Investment Advisers
New York
$14.7M
RVPG
2
Relative Value Partners Group
$8.55M -$144K -17,705 -2%
GI
3
GAMCO Investors
Connecticut
$3.29M +$27.8K +3,408 +0.8%
RCM
4
Rivernorth Capital Management
Florida
$2.78M -$160K -19,562 -5%
Bank of America
5
Bank of America
North Carolina
$2.49M -$19.8K -2,432 -0.8%
Morgan Stanley
6
Morgan Stanley
New York
$2.06M +$87.8K +10,760 +4%
ZA
7
Zazove Associates
Nevada
$1.61M
CA
8
Cornerstone Advisors
North Carolina
$1.54M +$150K +18,375 +10%
AA
9
Ancora Advisors
Ohio
$1.38M
EP
10
Eudaimonia Partners
Tennessee
$975K +$1M +123,092 New
MIG
11
Mariner Investment Group
New York
$963K -$27K -3,310 -3%
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$937K -$8.98K -1,100 -0.9%
PAS
13
Park Avenue Securities
New York
$885K -$31.7K -3,890 -3%
CL
14
CSS LLC
Illinois
$844K +$13K +1,593 +2%
RJA
15
Raymond James & Associates
Florida
$704K +$1.58K +194 +0.2%
Wells Fargo
16
Wells Fargo
California
$478K -$43.1K -5,284 -8%
BRWA
17
B. Riley Wealth Advisors
Florida
$224K +$230K +28,205 New
PAG
18
Private Advisor Group
New Jersey
$175K
IWC
19
Integrated Wealth Concepts
Massachusetts
$171K -$2.06K -253 -1%
UBS Group
20
UBS Group
Switzerland
$150K +$23.6K +2,891 +18%
ICMP
21
Integrated Capital Management (Pennsylvania)
Pennsylvania
$143K -$1.66K -203 -1%
9WM
22
9258 Wealth Management
Ohio
$113K
Osaic Holdings
23
Osaic Holdings
Arizona
$84K +$5.08K +623 +6%
RJT
24
Raymond James Trust
Florida
$81K
CWM
25
Castle Wealth Management
Florida
$77K -$22.4K -2,750 -22%

GDL Hedge Fund Activity: Q3 2022 in Review

28 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q3 2022, worth a combined $45.5M — down 1.8% from $46.4M a quarter earlier.

Fund positioning in GDL was balanced in Q3 2022: 3 funds opened new positions, 3 closed out, 7 added to existing stakes and 11 trimmed.

The largest buyer was Eudaimonia Partners, opening a new position worth an estimated $1M. The largest seller was Rivernorth Capital Management, cutting an estimated $160K.

  • 28 institutional investors held GDL Fund (GDL) as of Q3 2022, down from 29 in Q2 2022.
  • Funds reported $45.5M of GDL Fund stock for Q3 2022, down 1.8% quarter-over-quarter.
  • 3 funds opened new GDL Fund positions in Q3 2022 and 3 closed out, a net change of 0 holders.
  • The largest GDL Fund buyer in Q3 2022 was Eudaimonia Partners, an estimated $1M added.
  • The largest GDL Fund seller in Q3 2022 was Rivernorth Capital Management, an estimated $160K sold.

Based on aggregated 13F filings for Q3 2022.