GDL Fund
27 hedge funds and large institutions have $40.9M invested in GDL Fund in 2023 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 8 closing their positions.
5% more capital invested
Capital invested by funds: $39.2M → $40.9M (+$1.78M)
0.29% more ownership
Funds ownership: 36.71% → 37% (+0.29%)
18% less funds holding
Funds holding: 33 → 27 (-6)
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
75% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.8M |
| 2 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$544K |
| 3 |
ZA
Zazove Associates
Incline Village,
Nevada
|
+$181K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$39.3K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$21.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EP
Eudaimonia Partners
Winchester,
Tennessee
|
-$981K |
| 2 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$273K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$222K |
| 4 |
RVPG
Relative Value Partners Group
|
-$158K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$108K |
GDL Hedge Fund Activity: Q4 2023 in Review
27 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q4 2023, worth a combined $40.9M — up 4.5% from $39.2M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of GDL and 2 opened new positions — a net loss of 6 holders — while 11 trimmed existing stakes and 7 added.
The largest buyer was Morgan Stanley, adding an estimated $1.8M. The largest seller was Eudaimonia Partners, exiting entirely with an estimated $981K sold.
- 27 institutional investors held GDL Fund (GDL) as of Q4 2023, down from 33 in Q3 2023.
- Funds reported $40.9M of GDL Fund stock for Q4 2023, up 4.5% quarter-over-quarter.
- 2 funds opened new GDL Fund positions in Q4 2023 and 8 closed out, a net change of -6 holders.
- The largest GDL Fund buyer in Q4 2023 was Morgan Stanley, an estimated $1.8M added.
- The largest GDL Fund seller in Q4 2023 was Eudaimonia Partners, an estimated $981K sold.
Based on aggregated 13F filings for Q4 2023.