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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, Q1 2026

Institutional positions in GDL Fund as of Mar 31, 2026. 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
31
−1 vs. Q4 2025
Shares held
5.30M
+351.2K (+7.1%) vs. Q4 2025
Total value
$44.2M
+$2.25M (+5.4%) vs. Q4 2025
New holders
2
13 more added
Sold out
3
6 more reduced

Compare with Q4 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.

Institutional holdersQ1 2026: 31 institutions
Q1 2021: 32 institutionsQ2 2021: 31 institutionsQ3 2021: 30 institutionsQ4 2021: 29 institutionsQ1 2022: 26 institutionsQ2 2022: 29 institutionsQ3 2022: 28 institutionsQ4 2022: 30 institutionsQ1 2023: 31 institutionsQ2 2023: 32 institutionsQ3 2023: 33 institutionsQ4 2023: 27 institutionsQ1 2024: 27 institutionsQ2 2024: 29 institutionsQ3 2024: 25 institutionsQ4 2024: 27 institutionsQ1 2025: 23 institutionsQ2 2025: 27 institutionsQ3 2025: 28 institutionsQ4 2025: 32 institutionsQ1 2026: 31 institutionsQ2 2026: 31 institutions
Value heldQ1 2026: $44.2M
Q1 2021: $55.2MQ2 2021: $55.0MQ3 2021: $57.1MQ4 2021: $54.8MQ1 2022: $53.4MQ2 2022: $46.3MQ3 2022: $45.5MQ4 2022: $31.9MQ1 2023: $28.0MQ2 2023: $41.0MQ3 2023: $39.2MQ4 2023: $39.2MQ1 2024: $38.7MQ2 2024: $32.3MQ3 2024: $22.0MQ4 2024: $42.7MQ1 2025: $39.7MQ2 2025: $41.1MQ3 2025: $41.0MQ4 2025: $42.0MQ1 2026: $44.2MQ2 2026: $39.8M
Institutions holding GDL and their total value by quarter
QuarterHoldersValue
Q2 202631$39.8M
Q1 202631$44.2M
Q4 202532$42.0M
Q3 202528$41.0M
Q2 202527$41.1M
Q1 202523$39.7M
Q4 202427$42.7M
Q3 202425$22.0M
Q2 202429$32.3M
Q1 202427$38.7M
Q4 202327$39.2M
Q3 202333$39.2M
Q2 202332$41.0M
Q1 202331$28.0M
Q4 202230$31.9M
Q3 202228$45.5M
Q2 202229$46.3M
Q1 202226$53.4M
Q4 202129$54.8M
Q3 202130$57.1M
Q2 202131$55.0M
Q1 202132$55.2M

Institutions, Q1 2026

Shares, value and share of portfolio for each institution holding GDL Fund; share changes are against Q4 2025.

Institutions holding GDL in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
Barrett & Company, Inc.200$1.67K0.00%00.0%Unchanged
UBS Group AG217$1.81K0.00%−2,900−93.0%Reduced
TD Waterhouse Canada Inc.300$2.49K0.00%+300New
Highline Wealth Partners LLC325$2.71K0.00%00.0%Unchanged
McMillan Office, Inc.1,000$8.33K0.00%00.0%Unchanged
Kilter Group LLC1,603$13.4K0.01%+83+5.5%Added
Creative Financial Designs Inc1,717$14.3K0.00%00.0%Unchanged
Mark Sheptoff Financial Planning, LLC2,000$16.9K0.01%00.0%Unchanged
Advisor Group Holdings, Inc.4,140$34.5K0.00%+1,360+48.9%Added
MRP Capital Investments, LLC7,500$62.5K0.05%+2,000+36.4%Added
Wells Fargo & Company11,280$94.0K0.00%−3,352−22.9%Reduced
Closed-End Fund Advisors, Inc.11,368$94.7K0.10%+124+1.1%Added
Integrated Capital Management, Inc.13,831$115.2K0.08%−1,616−10.5%Reduced
Private Advisor Group, LLC14,970$124.7K0.00%+3,000+25.1%Added
Decision Investments, Inc15,200$126.6K0.14%+100+0.7%Added
Matisse Capital16,947$141.2K0.06%00.0%Unchanged
Evolve Private Wealth, LLC19,383$161.5K0.01%00.0%Unchanged
GatePass Capital, LLC53,150$442.7K0.22%+24,750+87.1%Added
Blue Bell Private Wealth Management, LLC54,269$452.1K0.06%+7,393+15.8%Added
Envestnet Asset Management Inc93,934$782.5K0.00%+1,032+1.1%Added
CSS LLC116,663$971.8K0.05%00.0%Unchanged
GWM Advisors LLC128,420$1.07M0.00%+888+0.7%Added
Bank of America Corp168,259$1.40M0.00%−678−0.4%Reduced
Ancora Advisors, LLC174,626$1.45M0.03%00.0%Unchanged
Zazove Associates LLC241,044$2.02M0.10%+120,522+100.0%Added
Independent Advisor Alliance384,932$3.21M0.03%+384,932New
Bulldog Investors, LLP409,748$3.41M0.77%−1740.0%Reduced
Gamco Investors, Inc. Et Al441,799$3.68M0.04%+759+0.2%Added
Morgan Stanley496,226$4.13M0.00%+23,453+5.0%Added
Colony Group, LLC572,788$4.77M0.01%−19,068−3.2%Reduced
Gabelli & Co Investment Advisers, Inc.1,846,636$15.4M2.28%00.0%Unchanged
Cornerstone Advisors, LLC0$00.00%−130,325−100.0%Sold out
Seven Mile Advisory0$00.00%−39,954−100.0%Sold out
Stifel Financial Corp0$00.00%−21,391−100.0%Sold out