Gabelli Dividend & Income Trust
122 hedge funds and large institutions have $281M invested in Gabelli Dividend & Income Trust in 2018 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 37 increasing their positions, 31 reducing their positions, and 26 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 31
1.76% more ownership
Funds ownership: 16.86% → 18.63% (+1.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less funds holding
Funds holding: 128 → 122 (-6)
15% less capital invested
Capital invested by funds: $332M → $281M (-$51.2M)
23% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$12.1M |
| 2 |
HI
HBK Investments
Dallas,
Texas
|
+$4.13M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$3.77M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$3.7M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$3.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$2.45M |
| 2 |
AIP
Ahrens Investment Partners
Lafayette,
Louisiana
|
-$2.3M |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$1.44M |
| 4 |
Cohen & Steers
New York
|
-$1.06M |
| 5 |
William Blair & Company
Chicago,
Illinois
|
-$643K |
GDV Hedge Fund Activity: Q4 2018 in Review
122 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q4 2018, worth a combined $281M — down 15% from $332M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of GDV and 20 opened new positions — a net loss of 6 holders — while 31 trimmed existing stakes and 37 added.
The largest buyer was Gabelli & Co Investment Advisers, opening a new position worth an estimated $12.1M. The largest seller was UBS Group, cutting an estimated $2.45M.
- 122 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q4 2018, down from 128 in Q3 2018.
- Funds reported $281M of Gabelli Dividend & Income Trust stock for Q4 2018, down 15% quarter-over-quarter.
- 20 funds opened new Gabelli Dividend & Income Trust positions in Q4 2018 and 26 closed out, a net change of -6 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q4 2018 was Gabelli & Co Investment Advisers, an estimated $12.1M added.
- The largest Gabelli Dividend & Income Trust seller in Q4 2018 was UBS Group, an estimated $2.45M sold.
Based on aggregated 13F filings for Q4 2018.