Gabelli Dividend & Income Trust
162 hedge funds and large institutions have $506M invested in Gabelli Dividend & Income Trust in 2021 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 58 increasing their positions, 35 reducing their positions, and 15 closing their positions.
87% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 15
66% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 35
9% more capital invested
Capital invested by funds: $463M → $506M (+$42.8M)
5% more funds holding
Funds holding: 154 → 162 (+8)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.45% less ownership
Funds ownership: 23.81% → 23.36% (-0.45%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$4.58M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$4.4M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.14M |
| 4 |
PWP
Private Wealth Partners
Mill Valley,
California
|
+$1.56M |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
+$1.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$12M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$5.47M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.28M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.17M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.84M |
GDV Hedge Fund Activity: Q1 2021 in Review
162 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q1 2021, worth a combined $506M — up 9.2% from $463M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new GDV positions and 15 closed out — a net gain of 13 holders — while 58 added to existing stakes and 35 trimmed.
The largest buyer was Bank of America, adding an estimated $4.58M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $12M sold.
- 162 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q1 2021, up from 154 in Q4 2020.
- Funds reported $506M of Gabelli Dividend & Income Trust stock for Q1 2021, up 9.2% quarter-over-quarter.
- 28 funds opened new Gabelli Dividend & Income Trust positions in Q1 2021 and 15 closed out, a net change of +13 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q1 2021 was Bank of America, an estimated $4.58M added.
- The largest Gabelli Dividend & Income Trust seller in Q1 2021 was Penserra Capital Management, an estimated $12M sold.
Based on aggregated 13F filings for Q1 2021.