Gabelli Dividend & Income Trust
86 hedge funds and large institutions have $333M invested in Gabelli Dividend & Income Trust in 2013 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 25 increasing their positions, 21 reducing their positions, and 4 closing their positions.
300% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 4
19% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 21
15% more funds holding
Funds holding: 75 → 86 (+11)
0.41% less ownership
Funds ownership: 18.57% → 18.16% (-0.41%)
27% less capital inflows, than outflows
Capital inflows: $16.2M | Capital outflows: $22.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.09M |
| 2 |
JWM
Jacobus Wealth Management
Milwaukee,
Wisconsin
|
+$1.51M |
| 3 |
UBS
Zurich,
Switzerland
|
+$1.26M |
| 4 |
Advisors Asset Management
Monument,
Colorado
|
+$1.17M |
| 5 |
SG Americas Securities
New York
|
+$987K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Karpus Investment Management
Pittsford,
New York
|
-$5.97M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.02M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$2.09M |
| 4 |
GAMCO Investors
Greenwich,
Connecticut
|
-$1.94M |
| 5 |
Cohen & Steers
New York
|
-$1.9M |
GDV Hedge Fund Activity: Q4 2013 in Review
86 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q4 2013, worth a combined $333M — up 9% from $306M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new GDV positions and 4 closed out — a net gain of 12 holders — while 25 added to existing stakes and 21 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.09M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $5.97M sold.
- 86 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q4 2013, up from 75 in Q3 2013.
- Funds reported $333M of Gabelli Dividend & Income Trust stock for Q4 2013, up 9% quarter-over-quarter.
- 16 funds opened new Gabelli Dividend & Income Trust positions in Q4 2013 and 4 closed out, a net change of +12 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q4 2013 was Morgan Stanley, an estimated $5.09M added.
- The largest Gabelli Dividend & Income Trust seller in Q4 2013 was Karpus Investment Management, an estimated $5.97M sold.
Based on aggregated 13F filings for Q4 2013.