Gabelli Dividend & Income Trust
172 hedge funds and large institutions have $669M invested in Gabelli Dividend & Income Trust in 2024 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 51 increasing their positions, 59 reducing their positions, and 11 closing their positions.
55% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 11
6% more capital invested
Capital invested by funds: $631M → $669M (+$38.3M)
3% more funds holding
Funds holding: 167 → 172 (+5)
0.47% less ownership
Funds ownership: 30.94% → 30.47% (-0.47%)
14% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 59
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$36.5M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$10.4M |
| 3 |
Morgan Stanley
New York
|
+$8.04M |
| 4 |
Capstone Investment Advisors
New York
|
+$3.01M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$37.3M |
| 2 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
-$14.2M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$4.79M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$4.41M |
| 5 |
RL
RPO LLC
Stamford,
Connecticut
|
-$3.09M |
GDV Hedge Fund Activity: Q3 2024 in Review
172 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q3 2024, worth a combined $669M — up 6.1% from $631M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new GDV positions and 11 closed out — a net gain of 6 holders — while 51 added to existing stakes and 59 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $36.5M. The largest seller was Cornerstone Advisors, cutting an estimated $37.3M.
- 172 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q3 2024, up from 167 in Q2 2024.
- Funds reported $669M of Gabelli Dividend & Income Trust stock for Q3 2024, up 6.1% quarter-over-quarter.
- 17 funds opened new Gabelli Dividend & Income Trust positions in Q3 2024 and 11 closed out, a net change of +6 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q3 2024 was Saba Capital Management, an estimated $36.5M added.
- The largest Gabelli Dividend & Income Trust seller in Q3 2024 was Cornerstone Advisors, an estimated $37.3M sold.
Based on aggregated 13F filings for Q3 2024.