Gabelli Dividend & Income Trust
161 hedge funds and large institutions have $464M invested in Gabelli Dividend & Income Trust in 2023 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 64 increasing their positions, 36 reducing their positions, and 14 closing their positions.
133% more capital inflows, than outflows
Capital inflows: $38M | Capital outflows: $16.4M
78% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 36
1.15% more ownership
Funds ownership: 25.29% → 26.44% (+1.1%)
7% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 14
1% more funds holding
Funds holding: 160 → 161 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$5.69M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$4.51M |
| 3 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$4.5M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$3.25M |
| 5 |
AQR Arbitrage
Greenwich,
Connecticut
|
+$2.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$7.06M |
| 2 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.67M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$1.22M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.06M |
| 5 |
LIG
Lokken Investment Group
Lewes,
Delaware
|
-$926K |
GDV Hedge Fund Activity: Q3 2023 in Review
161 of the 6,314 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q3 2023, worth a combined $464M — down 3.8% from $483M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new GDV positions and 14 closed out — a net gain of 1 holder — while 64 added to existing stakes and 36 trimmed.
The largest buyer was Cornerstone Advisors, adding an estimated $5.69M. The largest seller was Bank of America, cutting an estimated $7.06M.
- 161 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q3 2023, up from 160 in Q2 2023.
- Funds reported $464M of Gabelli Dividend & Income Trust stock for Q3 2023, down 3.8% quarter-over-quarter.
- 15 funds opened new Gabelli Dividend & Income Trust positions in Q3 2023 and 14 closed out, a net change of +1 holder.
- The largest Gabelli Dividend & Income Trust buyer in Q3 2023 was Cornerstone Advisors, an estimated $5.69M added.
- The largest Gabelli Dividend & Income Trust seller in Q3 2023 was Bank of America, an estimated $7.06M sold.
Based on aggregated 13F filings for Q3 2023.