Gabelli Dividend & Income Trust
154 hedge funds and large institutions have $463M invested in Gabelli Dividend & Income Trust in 2020 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 42 increasing their positions, 47 reducing their positions, and 11 closing their positions.
191% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 11
20% more capital invested
Capital invested by funds: $386M → $463M (+$77.7M)
16% more funds holding
Funds holding: 133 → 154 (+21)
0.63% more ownership
Funds ownership: 23.18% → 23.81% (+0.63%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
11% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 47
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.08M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$3M |
| 3 |
TCA
Transcend Capital Advisors
Madison,
New Jersey
|
+$2.36M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.25M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$965K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$5.08M |
| 2 |
ICM
Ionic Capital Management
New York
|
-$2.69M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.56M |
| 4 |
Morgan Stanley
New York
|
-$1.45M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.08M |
GDV Hedge Fund Activity: Q4 2020 in Review
154 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q4 2020, worth a combined $463M — up 20% from $386M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new GDV positions and 11 closed out — a net gain of 21 holders — while 42 added to existing stakes and 47 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $7.08M. The largest seller was Cornerstone Advisors, cutting an estimated $5.08M.
- 154 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q4 2020, up from 133 in Q3 2020.
- Funds reported $463M of Gabelli Dividend & Income Trust stock for Q4 2020, up 20% quarter-over-quarter.
- 32 funds opened new Gabelli Dividend & Income Trust positions in Q4 2020 and 11 closed out, a net change of +21 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q4 2020 was Karpus Investment Management, an estimated $7.08M added.
- The largest Gabelli Dividend & Income Trust seller in Q4 2020 was Cornerstone Advisors, an estimated $5.08M sold.
Based on aggregated 13F filings for Q4 2020.