GDL Fund
31 hedge funds and large institutions have $39.8M invested in GDL Fund in 2026 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 4 closing their positions.
0% more funds holding
Funds holding: 31 → 31 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
4.42% less ownership
Funds ownership: 47.44% → 43.02% (-4.4%)
8% less capital invested
Capital invested by funds: $43.2M → $39.8M (-$3.36M)
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAS
Park Avenue Securities
New York
|
+$697K |
| 2 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$467K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$120K |
| 4 |
Morgan Stanley
New York
|
+$106K |
| 5 |
MC
Matisse Capital
Portland,
Oregon
|
+$93.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$3.21M |
| 2 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$1M |
| 3 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$579K |
| 4 |
GC
GatePass Capital
Independence,
Ohio
|
-$343K |
| 5 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$223K |
GDL Hedge Fund Activity: Q2 2026 in Review
31 of the 8,349 institutional investors tracked by Wall St. Rank reported a position in GDL Fund (GDL) for Q2 2026, worth a combined $39.8M — down 7.8% from $43.2M a quarter earlier.
Fund positioning in GDL was balanced in Q2 2026: 4 funds opened new positions, 4 closed out, 6 added to existing stakes and 10 trimmed.
The largest buyer was Park Avenue Securities, opening a new position worth an estimated $697K. The largest seller was Independent Advisor Alliance, exiting entirely with an estimated $3.21M sold.
- 31 institutional investors held GDL Fund (GDL) as of Q2 2026, unchanged from Q1 2026.
- Funds reported $39.8M of GDL Fund stock for Q2 2026, down 7.8% quarter-over-quarter.
- 4 funds opened new GDL Fund positions in Q2 2026 and 4 closed out, a net change of 0 holders.
- The largest GDL Fund buyer in Q2 2026 was Park Avenue Securities, an estimated $697K added.
- The largest GDL Fund seller in Q2 2026 was Independent Advisor Alliance, an estimated $3.21M sold.
Based on aggregated 13F filings for Q2 2026.