Gabelli Dividend & Income Trust
80 hedge funds and large institutions have $313M invested in Gabelli Dividend & Income Trust in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 27 increasing their positions, 21 reducing their positions, and 13 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 21
0.21% more ownership
Funds ownership: 17.53% → 17.73% (+0.21%)
2% less capital invested
Capital invested by funds: $318M → $313M (-$5.09M)
9% less funds holding
Funds holding: 88 → 80 (-8)
54% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 13
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.51M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.56M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.39M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.62M |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$903K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$3.08M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.79M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.69M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.6M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$725K |
GDV Hedge Fund Activity: Q3 2014 in Review
80 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q3 2014, worth a combined $313M — down 1.6% from $318M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of GDV and 6 opened new positions — a net loss of 7 holders — while 21 trimmed existing stakes and 27 added.
The largest buyer was Morgan Stanley, adding an estimated $5.51M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $3.08M sold.
- 80 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q3 2014, down from 88 in Q2 2014.
- Funds reported $313M of Gabelli Dividend & Income Trust stock for Q3 2014, down 1.6% quarter-over-quarter.
- 6 funds opened new Gabelli Dividend & Income Trust positions in Q3 2014 and 13 closed out, a net change of -7 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q3 2014 was Morgan Stanley, an estimated $5.51M added.
- The largest Gabelli Dividend & Income Trust seller in Q3 2014 was Shaker Financial Services, an estimated $3.08M sold.
Based on aggregated 13F filings for Q3 2014.