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Gabelli Dividend & Income Trust
GDV

146 hedge funds and large institutions have $318M invested in Gabelli Dividend & Income Trust in 2020 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 45 increasing their positions, 38 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 38

16% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 25

1% more funds holding

Funds holding: 144 → 146 (+2)

1.02% less ownership

Funds ownership: 25.7% → 24.69% (-1%)

32% less capital invested

Capital invested by funds: $465M → $318M (-$147M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
146
Holders Change
+2
Holders Change %
+1.39%
% of All Funds
3.22%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
29
Increased
45
Reduced
38
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$20.2M
2
Bank of America
Bank of America
North Carolina
+$6.61M
3
RJFSA
Raymond James Financial Services Advisors
Florida
+$4.13M
4
Goldman Sachs
Goldman Sachs
New York
+$3.69M
5
MWM
Maltin Wealth Management
New Jersey
+$2.18M

Top Sellers

Rank Fund Capital Flow
1
COLIM
City of London Investment Management
United Kingdom
-$8.71M
2
Millennium Management
Millennium Management
New York
-$7.77M
3
SIA
Sit Investment Associates
Minnesota
-$5.89M
4
LCM
Landscape Capital Management
New Jersey
-$3.97M
5
UBS Group
UBS Group
Switzerland
-$3.64M
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
126
Parallel Advisors
California
$14K – – –
JWA
127
JFS Wealth Advisors
Pennsylvania
$12K +$15.6K +800 New
DWM
128
Darwin Wealth Management
Florida
$12K +$16.5K +848 New
KFI
129
Key Financial Inc
Pennsylvania
$11K +$15.1K +772 New
VRM
130
Vectors Research Management
New York
$10K – – –
FWM
131
Focused Wealth Management
New York
$10K +$234 +12 +2%
MA
132
MCF Advisors
Kentucky
$10K +$12.6K +646 New
FP
133
Financial Perspectives
Minnesota
$8.56K – – –
GEA
134
Glen Eagle Advisors
New Jersey
$4.44K – – –
CFD
135
Creative Financial Designs
Indiana
$4K – – –
MRCM
136
M&R Capital Management
New Jersey
$4K – – –
GI
137
Gradient Investments
Minnesota
$3K – – –
VCP
138
Verus Capital Partners
Arizona
$3K – – –
LWM
139
Liberty Wealth Management
California
$3K +$3.88K +199 New
AIC
140
Ameritas Investment Company
Nebraska
$3K +$3.9K +200 New
ME
141
McIlrath & Eck
Washington
$3K +$4.29K +220 New
HCM
142
Highlander Capital Management
New Jersey
$2K – – –
APWM
143
Atlas Private Wealth Management
New York
$2K +$3.12K +160 New
EI
144
Ellevest Inc
New York
$1K +$1.37K +70 New
Millennium Management
145
Millennium Management
New York
– -$7.77M -354,176 Closed
AGA
146
Accuvest Global Advisors
Utah
– -$3.42M -155,936 Closed
OMC
147
Old Mission Capital
Illinois
– -$2.04M -93,000 Closed
RCM
148
Rivernorth Capital Management
Florida
– -$1.86M -84,837 Closed
DA
149
Doliver Advisors
Texas
– -$1.08M -49,053 Closed
AC
150
Almitas Capital
California
– -$702K -31,964 Closed
3 4 5
6
7

GDV Hedge Fund Activity: Q1 2020 in Review

146 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q1 2020, worth a combined $318M — down 32% from $465M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new GDV positions and 25 closed out — a net gain of 4 holders — while 45 added to existing stakes and 38 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $20.2M. The largest seller was City of London Investment Management, cutting an estimated $8.71M.

  • 146 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q1 2020, up from 144 in Q4 2019.
  • Funds reported $318M of Gabelli Dividend & Income Trust stock for Q1 2020, down 32% quarter-over-quarter.
  • 29 funds opened new Gabelli Dividend & Income Trust positions in Q1 2020 and 25 closed out, a net change of +4 holders.
  • The largest Gabelli Dividend & Income Trust buyer in Q1 2020 was Karpus Investment Management, an estimated $20.2M added.
  • The largest Gabelli Dividend & Income Trust seller in Q1 2020 was City of London Investment Management, an estimated $8.71M sold.

Based on aggregated 13F filings for Q1 2020.