GDL Fund
28 hedge funds and large institutions have $41M invested in GDL Fund in 2025 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 13 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
4% more funds holding
Funds holding: 27 → 28 (+1)
1.13% less ownership
Funds ownership: 43.79% → 42.66% (-1.1%)
42% less capital inflows, than outflows
Capital inflows: $1.45M | Capital outflows: $2.52M
77% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$991K |
| 2 |
Seven Mile Advisory
Ewing,
New Jersey
|
+$333K |
| 3 |
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$111K |
| 4 |
Kilter Group
Rhinebeck,
New York
|
+$12.6K |
| 5 |
Innovative Advisory Group
Lexington,
Massachusetts
|
+$2.53K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAMCO Investors
Greenwich,
Connecticut
|
-$1.57M |
| 2 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$332K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$205K |
| 4 |
Virtu Financial
New York
|
-$125K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$103K |
GDL Hedge Fund Activity: Q3 2025 in Review
28 of the 7,660 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q3 2025, worth a combined $41M — down 0.18% from $41.1M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new GDL positions and 2 closed out — a net gain of 1 holder — while 3 added to existing stakes and 13 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $991K. The largest seller was GAMCO Investors, cutting an estimated $1.57M.
- 28 institutional investors held GDL Fund (GDL) as of Q3 2025, up from 27 in Q2 2025.
- Funds reported $41M of GDL Fund stock for Q3 2025, down 0.18% quarter-over-quarter.
- 3 funds opened new GDL Fund positions in Q3 2025 and 2 closed out, a net change of +1 holder.
- The largest GDL Fund buyer in Q3 2025 was Morgan Stanley, an estimated $991K added.
- The largest GDL Fund seller in Q3 2025 was GAMCO Investors, an estimated $1.57M sold.
Based on aggregated 13F filings for Q3 2025.