Gabelli Dividend & Income Trust
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$20.2M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$6.61M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$4.13M |
| 4 |
Goldman Sachs
New York
|
+$3.69M |
| 5 |
MWM
Maltin Wealth Management
Ridgewood,
New Jersey
|
+$2.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$8.71M |
| 2 |
Millennium Management
New York
|
-$7.77M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.89M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$3.97M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$3.64M |
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.