Gabelli Dividend & Income Trust
164 hedge funds and large institutions have $537M invested in Gabelli Dividend & Income Trust in 2023 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 55 increasing their positions, 47 reducing their positions, and 18 closing their positions.
28% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 18
17% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 47
16% more capital invested
Capital invested by funds: $464M → $537M (+$72.7M)
2% more funds holding
Funds holding: 161 → 164 (+3)
1.1% more ownership
Funds ownership: 26.44% → 27.54% (+1.1%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$19.3M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$5.6M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$3.53M |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$2.45M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$2.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$2.58M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.49M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$2.32M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$2.29M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$2.03M |
GDV Hedge Fund Activity: Q4 2023 in Review
164 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q4 2023, worth a combined $537M — up 16% from $464M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new GDV positions and 18 closed out — a net gain of 5 holders — while 55 added to existing stakes and 47 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $19.3M. The largest seller was Cohen & Steers, cutting an estimated $2.58M.
- 164 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q4 2023, up from 161 in Q3 2023.
- Funds reported $537M of Gabelli Dividend & Income Trust stock for Q4 2023, up 16% quarter-over-quarter.
- 23 funds opened new Gabelli Dividend & Income Trust positions in Q4 2023 and 18 closed out, a net change of +5 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q4 2023 was Saba Capital Management, an estimated $19.3M added.
- The largest Gabelli Dividend & Income Trust seller in Q4 2023 was Cohen & Steers, an estimated $2.58M sold.
Based on aggregated 13F filings for Q4 2023.