GDL Fund
27 hedge funds and large institutions have $41.1M invested in GDL Fund in 2025 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 5 reducing their positions, and 0 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 5
23% more funds holding
Funds holding: 22 → 27 (+5)
1.44% more ownership
Funds ownership: 42.35% → 43.79% (+1.4%)
5% more capital invested
Capital invested by funds: $39.2M → $41.1M (+$1.88M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAS
Park Avenue Securities
New York
|
+$701K |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$359K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$289K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$232K |
| 5 |
MC
Matisse Capital
Portland,
Oregon
|
+$139K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$541K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$80.5K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$64.8K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$22.1K |
| 5 |
ICMP
Integrated Capital Management (Pennsylvania)
Jessup,
Pennsylvania
|
-$3.37K |
GDL Hedge Fund Activity: Q2 2025 in Review
27 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q2 2025, worth a combined $41.1M — up 4.8% from $39.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new GDL positions and 0 closed out — a net gain of 5 holders — while 10 added to existing stakes and 5 trimmed.
The largest buyer was Park Avenue Securities, opening a new position worth an estimated $701K. The largest seller was Kovitz Investment Group Partners, cutting an estimated $541K.
- 27 institutional investors held GDL Fund (GDL) as of Q2 2025, up from 22 in Q1 2025.
- Funds reported $41.1M of GDL Fund stock for Q2 2025, up 4.8% quarter-over-quarter.
- 5 funds opened new GDL Fund positions in Q2 2025 and 0 closed out, a net change of +5 holders.
- The largest GDL Fund buyer in Q2 2025 was Park Avenue Securities, an estimated $701K added.
- The largest GDL Fund seller in Q2 2025 was Kovitz Investment Group Partners, an estimated $541K sold.
Based on aggregated 13F filings for Q2 2025.