Gabelli Dividend & Income Trust
75 hedge funds and large institutions have $306M invested in Gabelli Dividend & Income Trust in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 28 increasing their positions, 21 reducing their positions, and 9 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 21
2% less capital invested
Capital invested by funds: $313M → $306M (-$7.54M)
1.08% less ownership
Funds ownership: 20.65% → 19.58% (-1.1%)
3% less funds holding
Funds holding: 77 → 75 (-2)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$4.17M |
| 2 |
JWM
Jacobus Wealth Management
Milwaukee,
Wisconsin
|
+$2.18M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$1.99M |
| 4 |
Morgan Stanley
New York
|
+$973K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$631K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$11.6M |
| 2 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$9.45M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$4.22M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$1.05M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$932K |
GDV Hedge Fund Activity: Q3 2013 in Review
75 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q3 2013, worth a combined $306M — down 2.4% from $313M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of GDV and 7 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 28 added.
The largest buyer was Advisors Asset Management, adding an estimated $4.17M. The largest seller was Gramercy Funds Management, exiting entirely with an estimated $11.6M sold.
- 75 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q3 2013, down from 77 in Q2 2013.
- Funds reported $306M of Gabelli Dividend & Income Trust stock for Q3 2013, down 2.4% quarter-over-quarter.
- 7 funds opened new Gabelli Dividend & Income Trust positions in Q3 2013 and 9 closed out, a net change of -2 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q3 2013 was Advisors Asset Management, an estimated $4.17M added.
- The largest Gabelli Dividend & Income Trust seller in Q3 2013 was Gramercy Funds Management, an estimated $11.6M sold.
Based on aggregated 13F filings for Q3 2013.