Gabelli Dividend & Income Trust
174 hedge funds and large institutions have $612M invested in Gabelli Dividend & Income Trust in 2024 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 61 increasing their positions, 43 reducing their positions, and 10 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
100% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 10
42% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 43
14% more capital invested
Capital invested by funds: $537M → $612M (+$74.9M)
6% more funds holding
Funds holding: 164 → 174 (+10)
2.01% more ownership
Funds ownership: 27.54% → 29.55% (+2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$26.4M |
| 2 |
Morgan Stanley
New York
|
+$13.5M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$3.84M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$2.1M |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
+$1.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$4.39M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$3.12M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.62M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.6M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.26M |
GDV Hedge Fund Activity: Q1 2024 in Review
174 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q1 2024, worth a combined $612M — up 14% from $537M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new GDV positions and 10 closed out — a net gain of 10 holders — while 61 added to existing stakes and 43 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $26.4M. The largest seller was Cohen & Steers, cutting an estimated $4.39M.
- 174 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q1 2024, up from 164 in Q4 2023.
- Funds reported $612M of Gabelli Dividend & Income Trust stock for Q1 2024, up 14% quarter-over-quarter.
- 20 funds opened new Gabelli Dividend & Income Trust positions in Q1 2024 and 10 closed out, a net change of +10 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q1 2024 was Saba Capital Management, an estimated $26.4M added.
- The largest Gabelli Dividend & Income Trust seller in Q1 2024 was Cohen & Steers, an estimated $4.39M sold.
Based on aggregated 13F filings for Q1 2024.