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, Q4 2025
Institutional positions in GDL Fund as of Dec 31, 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
- 32
- +4 vs. Q3 2025
- Shares held
- 4.95M
- +156.4K (+3.3%) vs. Q3 2025
- Total value
- $42.0M
- +$942.4K (+2.3%) vs. Q3 2025
- New holders
- 9
- 8 more added
- Sold out
- 5
- 6 more reduced
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding GDL Fund; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Gabelli & Co Investment Advisers, Inc. | 1,846,636 | $15.6M | 2.35% | 00.0% | Unchanged |
| Colony Group, LLC | 591,856 | $5.01M | 0.01% | +591,856 | New |
| Morgan Stanley | 472,773 | $4.00M | 0.00% | +70,295+17.5% | Added |
| Gamco Investors, Inc. Et Al | 441,040 | $3.74M | 0.04% | +186,052+73.0% | Added |
| Bulldog Investors, LLP | 409,922 | $3.47M | 0.77% | 00.0% | Unchanged |
| Ancora Advisors, LLC | 174,626 | $1.48M | 0.03% | 00.0% | Unchanged |
| Bank of America Corp | 168,937 | $1.43M | 0.00% | −1,506−0.9% | Reduced |
| Cornerstone Advisors, LLC | 130,325 | $1.10M | 0.04% | −17,580−11.9% | Reduced |
| GWM Advisors LLC | 127,532 | $1.08M | 0.00% | +2,497+2.0% | Added |
| Zazove Associates LLC | 120,522 | $1.02M | 0.09% | 00.0% | Unchanged |
| CSS LLC | 116,663 | $988.1K | 0.06% | 00.0% | Unchanged |
| Envestnet Asset Management Inc | 92,902 | $786.9K | 0.00% | +275+0.3% | Added |
| Blue Bell Private Wealth Management, LLC | 46,876 | $397.0K | 0.06% | +10,389+28.5% | Added |
| Seven Mile Advisory | 39,954 | $338.4K | 0.06% | +455+1.2% | Added |
| GatePass Capital, LLC | 28,400 | $240.5K | 0.12% | +28,400 | New |
| Stifel Financial Corp | 21,391 | $181.2K | 0.00% | −3,828−15.2% | Reduced |
| Evolve Private Wealth, LLC | 19,383 | $164.2K | 0.01% | +19,383 | New |
| Matisse Capital | 16,947 | $143.5K | 0.06% | 00.0% | Unchanged |
| Integrated Capital Management, Inc. | 15,447 | $130.8K | 0.09% | −341−2.2% | Reduced |
| Decision Investments, Inc | 15,100 | $127.9K | 0.14% | +15,100 | New |
| Wells Fargo & Company | 14,632 | $123.9K | 0.00% | +10.0% | Added |
| Private Advisor Group, LLC | 11,970 | $101.4K | 0.00% | 00.0% | Unchanged |
| Closed-End Fund Advisors, Inc. | 11,244 | $95.2K | 0.06% | +11,244 | New |
| MRP Capital Investments, LLC | 5,500 | $46.6K | 0.04% | +5,500 | New |
| UBS Group AG | 3,117 | $26.4K | 0.00% | −174−5.3% | Reduced |
| Advisor Group Holdings, Inc. | 2,780 | $23.6K | 0.00% | −31,280−91.8% | Reduced |
| Mark Sheptoff Financial Planning, LLC | 2,000 | $16.9K | 0.01% | 00.0% | Unchanged |
| Creative Financial Designs Inc | 1,717 | $14.5K | 0.00% | 00.0% | Unchanged |
| Kilter Group LLC | 1,520 | $12.9K | 0.01% | +21+1.4% | Added |
| McMillan Office, Inc. | 1,000 | $8.47K | 0.00% | +1,000 | New |
| Highline Wealth Partners LLC | 325 | $2.75K | 0.00% | +325 | New |
| Barrett & Company, Inc. | 200 | $1.69K | 0.00% | +200 | New |
| Kovitz Investment Group Partners, LLC | 0 | $0 | 0.00% | −635,847−100.0% | Sold out |
| Park Avenue Securities LLC | 0 | $0 | 0.00% | −83,351−100.0% | Sold out |
| Susquehanna International Group, LLP | 0 | $0 | 0.00% | −11,215−100.0% | Sold out |
| Ameritas Advisory Services, LLC | 0 | $0 | 0.00% | −1,130−100.0% | Sold out |
| Innovative Advisory Group, LLC | 0 | $0 | 0.00% | −300−100.0% | Sold out |