GDL Fund
GDL- Exchange
- NYSE
- SEC CIK
- 0001378701
No open-market purchases or sales by GDL Fund insiders were filed in the last 90 days; 31 institutions reported holding it in 13F filings for Q2 2026, worth $39.8M in total; no superinvestor holds it.
13F holders, Q3 2025
Institutional positions in GDL Fund as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 28
- +1 vs. Q2 2025
- Shares held
- 4.80M
- −127.2K (−2.6%) vs. Q2 2025
- Total value
- $41.0M
- −$72.0K (−0.2%) vs. Q2 2025
- New holders
- 3
- 3 more added
- Sold out
- 2
- 13 more reduced
Compare with Q2 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting GDL on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 31 | $39.8M |
| Q1 2026 | 31 | $44.2M |
| Q4 2025 | 32 | $42.0M |
| Q3 2025 | 28 | $41.0M |
| Q2 2025 | 27 | $41.1M |
| Q1 2025 | 23 | $39.7M |
| Q4 2024 | 27 | $42.7M |
| Q3 2024 | 25 | $22.0M |
| Q2 2024 | 29 | $32.3M |
| Q1 2024 | 27 | $38.7M |
| Q4 2023 | 27 | $39.2M |
| Q3 2023 | 33 | $39.2M |
| Q2 2023 | 32 | $41.0M |
| Q1 2023 | 31 | $28.0M |
| Q4 2022 | 30 | $31.9M |
| Q3 2022 | 28 | $45.5M |
| Q2 2022 | 29 | $46.3M |
| Q1 2022 | 26 | $53.4M |
| Q4 2021 | 29 | $54.8M |
| Q3 2021 | 30 | $57.1M |
| Q2 2021 | 31 | $55.0M |
| Q1 2021 | 32 | $55.2M |
Institutions, Q3 2025
Shares, value and share of portfolio for each institution holding GDL Fund; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Innovative Advisory Group, LLC | 300 | $2.56K | 0.00% | +300 | New |
| Ameritas Advisory Services, LLC | 1,130 | $9.66K | 0.00% | 00.0% | Unchanged |
| Kilter Group LLC | 1,499 | $12.8K | 0.01% | +1,499 | New |
| Creative Financial Designs Inc | 1,717 | $14.7K | 0.00% | 00.0% | Unchanged |
| Mark Sheptoff Financial Planning, LLC | 2,000 | $17.1K | 0.01% | 00.0% | Unchanged |
| UBS Group AG | 3,291 | $28.1K | 0.00% | −1,160−26.1% | Reduced |
| Susquehanna International Group, LLP | 11,215 | $95.9K | 0.00% | −24,302−68.4% | Reduced |
| Private Advisor Group, LLC | 11,970 | $102.3K | 0.00% | 00.0% | Unchanged |
| Wells Fargo & Company | 14,631 | $125.1K | 0.00% | −1,000−6.4% | Reduced |
| Integrated Capital Management, Inc. | 15,788 | $135.0K | 0.09% | +194+1.2% | Added |
| Matisse Capital | 16,947 | $144.9K | 0.07% | 00.0% | Unchanged |
| Stifel Financial Corp | 25,219 | $215.6K | 0.00% | −3,151−11.1% | Reduced |
| Advisor Group Holdings, Inc. | 34,060 | $290.4K | 0.00% | −5,385−13.7% | Reduced |
| Blue Bell Private Wealth Management, LLC | 36,487 | $312.0K | 0.05% | +13,144+56.3% | Added |
| Seven Mile Advisory | 39,499 | $337.7K | 0.05% | +39,499 | New |
| Park Avenue Securities LLC | 83,351 | $713.0K | 0.01% | −2,301−2.7% | Reduced |
| Envestnet Asset Management Inc | 92,627 | $792.0K | 0.00% | −1,271−1.4% | Reduced |
| CSS LLC | 116,663 | $997.5K | 0.06% | 00.0% | Unchanged |
| Zazove Associates LLC | 120,522 | $1.03M | 0.09% | 00.0% | Unchanged |
| GWM Advisors LLC | 125,035 | $1.07M | 0.00% | −2,039−1.6% | Reduced |
| Cornerstone Advisors, LLC | 147,905 | $1.26M | 0.04% | −12,198−7.6% | Reduced |
| Bank of America Corp | 170,443 | $1.46M | 0.00% | −1,351−0.8% | Reduced |
| Ancora Advisors, LLC | 174,626 | $1.49M | 0.03% | 00.0% | Unchanged |
| Gamco Investors, Inc. Et Al | 254,988 | $2.18M | 0.02% | −186,052−42.2% | Reduced |
| Morgan Stanley | 402,478 | $3.44M | 0.00% | +117,652+41.3% | Added |
| Bulldog Investors, LLP | 409,922 | $3.50M | 0.81% | −1,422−0.3% | Reduced |
| Kovitz Investment Group Partners, LLC | 635,847 | $5.44M | 0.02% | −39,402−5.8% | Reduced |
| Gabelli & Co Investment Advisers, Inc. | 1,846,636 | $15.8M | 2.53% | 00.0% | Unchanged |
| Virtu Financial LLC | 0 | $0 | 0.00% | −14,981−100.0% | Sold out |
| Raymond James Financial Inc | 0 | $0 | 0.00% | −3,488−100.0% | Sold out |