Gabelli Dividend & Income Trust
144 hedge funds and large institutions have $465M invested in Gabelli Dividend & Income Trust in 2019 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 55 increasing their positions, 19 reducing their positions, and 13 closing their positions.
200% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 13
189% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 19
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
41% more capital invested
Capital invested by funds: $330M → $465M (+$135M)
19% more funds holding
Funds holding: 121 → 144 (+23)
7.1% more ownership
Funds ownership: 18.6% → 25.7% (+7.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$24M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$16.8M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
+$10.1M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.65M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$7.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$7.87M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.13M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$612K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$585K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$452K |
GDV Hedge Fund Activity: Q4 2019 in Review
144 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q4 2019, worth a combined $465M — up 41% from $330M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new GDV positions and 13 closed out — a net gain of 26 holders — while 55 added to existing stakes and 19 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $24M. The largest seller was Credit Suisse, exiting entirely with an estimated $7.87M sold.
- 144 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q4 2019, up from 121 in Q3 2019.
- Funds reported $465M of Gabelli Dividend & Income Trust stock for Q4 2019, up 41% quarter-over-quarter.
- 39 funds opened new Gabelli Dividend & Income Trust positions in Q4 2019 and 13 closed out, a net change of +26 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q4 2019 was Sit Investment Associates, an estimated $24M added.
- The largest Gabelli Dividend & Income Trust seller in Q4 2019 was Credit Suisse, an estimated $7.87M sold.
Based on aggregated 13F filings for Q4 2019.