Gabelli Dividend & Income Trust
88 hedge funds and large institutions have $318M invested in Gabelli Dividend & Income Trust in 2014 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 55 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
11% more funds holding
Funds holding: 79 → 88 (+9)
1% more capital invested
Capital invested by funds: $315M → $318M (+$3.19M)
0.69% less ownership
Funds ownership: 18.22% → 17.53% (-0.69%)
64% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 55
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$5.33M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.55M |
| 3 |
Cohen & Steers
New York
|
+$1.24M |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$1.18M |
| 5 |
Morgan Stanley
New York
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$12.3M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$3.8M |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$3.04M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$2.78M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.09M |
GDV Hedge Fund Activity: Q2 2014 in Review
88 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q2 2014, worth a combined $318M — up 1% from $315M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new GDV positions and 4 closed out — a net gain of 9 holders — while 20 added to existing stakes and 55 trimmed.
The largest buyer was Bank of America, adding an estimated $5.33M. The largest seller was Lazard Asset Management, cutting an estimated $12.3M.
- 88 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q2 2014, up from 79 in Q1 2014.
- Funds reported $318M of Gabelli Dividend & Income Trust stock for Q2 2014, up 1% quarter-over-quarter.
- 13 funds opened new Gabelli Dividend & Income Trust positions in Q2 2014 and 4 closed out, a net change of +9 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q2 2014 was Bank of America, an estimated $5.33M added.
- The largest Gabelli Dividend & Income Trust seller in Q2 2014 was Lazard Asset Management, an estimated $12.3M sold.
Based on aggregated 13F filings for Q2 2014.