Gabelli Dividend & Income Trust
167 hedge funds and large institutions have $631M invested in Gabelli Dividend & Income Trust in 2024 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 58 increasing their positions, 50 reducing their positions, and 14 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
16% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 50
1.39% more ownership
Funds ownership: 29.55% → 30.94% (+1.4%)
3% more capital invested
Capital invested by funds: $612M → $631M (+$18.8M)
4% less funds holding
Funds holding: 174 → 167 (-7)
14% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$35.1M |
| 2 |
Morgan Stanley
New York
|
+$6.48M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$5.37M |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$3.23M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$838K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$4.78M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$3.54M |
| 3 |
WP
WealthPLAN Partners
Omaha,
Nebraska
|
-$3.25M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.94M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.94M |
GDV Hedge Fund Activity: Q2 2024 in Review
167 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q2 2024, worth a combined $631M — up 3.1% from $612M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of GDV and 12 opened new positions — a net loss of 2 holders — while 50 trimmed existing stakes and 58 added.
The largest buyer was Saba Capital Management, adding an estimated $35.1M. The largest seller was Raymond James & Associates, cutting an estimated $4.78M.
- 167 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q2 2024, down from 174 in Q1 2024.
- Funds reported $631M of Gabelli Dividend & Income Trust stock for Q2 2024, up 3.1% quarter-over-quarter.
- 12 funds opened new Gabelli Dividend & Income Trust positions in Q2 2024 and 14 closed out, a net change of -2 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q2 2024 was Saba Capital Management, an estimated $35.1M added.
- The largest Gabelli Dividend & Income Trust seller in Q2 2024 was Raymond James & Associates, an estimated $4.78M sold.
Based on aggregated 13F filings for Q2 2024.