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.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
7% more funds holding
Funds holding: 28 → 30 (+2)
12.13% less ownership
Funds ownership: 41.74% → 29.61% (-12%)
38% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 13
64% less capital inflows, than outflows
Capital inflows: $7.32M | Capital outflows: $20.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Zazove Associates
Incline Village,
Nevada
|
+$924K |
| 2 |
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$244K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$238K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$164K |
| 5 |
AQR Arbitrage
Greenwich,
Connecticut
|
+$148K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Gabelli & Co Investment Advisers
Rye,
New York
|
-$14.7M |
| 2 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.78M |
| 3 |
Mariner Investment Group
Harrison,
New York
|
-$963K |
| 4 |
GAMCO Investors
Greenwich,
Connecticut
|
-$814K |
| 5 |
Raymond James & Associates
St Petersburg,
Florida
|
-$486K |
GDL Hedge Fund Activity: Q4 2022 in Review
30 of the 6,244 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.