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GDL

GDL Fund

30 hedge funds and large institutions have $31.9M invested in GDL Fund in 2022 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 13 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

7% more funds holding

Funds holding: 2830 (+2)

12.13% less ownership

Funds ownership: 41.74%29.61% (-12%)

30% less capital invested

Capital invested by funds: $45.5M → $31.9M (-$13.6M)

38% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 13

Holders
30
Holders Change
+2
Holders Change %
+7.14%
% of All Funds
0.48%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
7
Increased
8
Reduced
13
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RVPG
1
Relative Value Partners Group
$8.29M -$181K -22,951 -2%
AW
2
Atlas Wealth
Ohio
$5.41M +$5.45M +690,334 New
ZA
3
Zazove Associates
Nevada
$2.51M +$924K +117,039 +58%
GI
4
GAMCO Investors
Connecticut
$2.45M -$814K -103,043 -25%
Bank of America
5
Bank of America
North Carolina
$2.43M -$32.9K -4,171 -1%
Morgan Stanley
6
Morgan Stanley
New York
$1.89M -$155K -19,657 -8%
CA
7
Cornerstone Advisors
North Carolina
$1.76M +$238K +30,114 +15%
AA
8
Ancora Advisors
Ohio
$1.37M
EP
9
Eudaimonia Partners
Tennessee
$969K +$4.38K +555 +0.5%
Envestnet Asset Management
10
Envestnet Asset Management
Illinois
$926K -$1.43K -181 -0.2%
PAS
11
Park Avenue Securities
New York
$865K -$11.1K -1,411 -1%
CL
12
CSS LLC
Illinois
$848K +$12.8K +1,618 +2%
BRWA
13
B. Riley Wealth Advisors
Florida
$463K +$244K +30,874 +109%
Wells Fargo
14
Wells Fargo
California
$289K -$185K -23,385 -39%
RJA
15
Raymond James & Associates
Florida
$214K -$486K -61,544 -69%
Susquehanna International Group
16
Susquehanna International Group
Pennsylvania
$163K +$164K +20,739 New
AA
17
AQR Arbitrage
Connecticut
$147K +$148K +18,721 New
IWC
18
Integrated Wealth Concepts
Massachusetts
$146K -$24.3K -3,082 -14%
PAG
19
Private Advisor Group
New Jersey
$136K -$10.5K -1,333 -6%
ICMP
20
Integrated Capital Management (Pennsylvania)
Pennsylvania
$132K -$10.1K -1,279 -7%
UBS Group
21
UBS Group
Switzerland
$96.7K -$52K -6,585 -35%
9WM
22
9258 Wealth Management
Ohio
$93.2K -$19.1K -2,425 -17%
Osaic Holdings
23
Osaic Holdings
Arizona
$86K +$3.35K +424 +4%
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
$69K +$7.89K +999 +13%
MCI
25
MRP Capital Investments
Georgia
$47K +$47.4K +6,000 New

GDL Hedge Fund Activity: Q4 2022 in Review

30 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q4 2022, worth a combined $31.9M — down 30% from $45.5M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new GDL positions and 5 closed out — a net gain of 2 holders — while 8 added to existing stakes and 13 trimmed.

The largest buyer was Zazove Associates, adding an estimated $924K. The largest seller was Gabelli & Co Investment Advisers, exiting entirely with an estimated $14.7M sold.

  • 30 institutional investors held GDL Fund (GDL) as of Q4 2022, up from 28 in Q3 2022.
  • Funds reported $31.9M of GDL Fund stock for Q4 2022, down 30% quarter-over-quarter.
  • 7 funds opened new GDL Fund positions in Q4 2022 and 5 closed out, a net change of +2 holders.
  • The largest GDL Fund buyer in Q4 2022 was Zazove Associates, an estimated $924K added.
  • The largest GDL Fund seller in Q4 2022 was Gabelli & Co Investment Advisers, an estimated $14.7M sold.

Based on aggregated 13F filings for Q4 2022.