Gabelli Dividend & Income Trust
132 hedge funds and large institutions have $369M invested in Gabelli Dividend & Income Trust in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 46 increasing their positions, 37 reducing their positions, and 20 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 37
16% more capital invested
Capital invested by funds: $318M → $369M (+$50.9M)
1.6% less ownership
Funds ownership: 24.69% → 23.09% (-1.6%)
10% less funds holding
Funds holding: 146 → 132 (-14)
60% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 20
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.76M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
+$2.37M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$2.34M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.79M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$14.6M |
| 2 |
Goldman Sachs
New York
|
-$3.09M |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$3M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$2.66M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.35M |
GDV Hedge Fund Activity: Q2 2020 in Review
132 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q2 2020, worth a combined $369M — up 16% from $318M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of GDV and 8 opened new positions — a net loss of 12 holders — while 37 trimmed existing stakes and 46 added.
The largest buyer was Bank of America, adding an estimated $3.76M. The largest seller was Osaic Holdings, cutting an estimated $14.6M.
- 132 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q2 2020, down from 146 in Q1 2020.
- Funds reported $369M of Gabelli Dividend & Income Trust stock for Q2 2020, up 16% quarter-over-quarter.
- 8 funds opened new Gabelli Dividend & Income Trust positions in Q2 2020 and 20 closed out, a net change of -12 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q2 2020 was Bank of America, an estimated $3.76M added.
- The largest Gabelli Dividend & Income Trust seller in Q2 2020 was Osaic Holdings, an estimated $14.6M sold.
Based on aggregated 13F filings for Q2 2020.