| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| GAMCO INVESTORS, INC. ET AL | 25% | $23,038,055 | 2,797,578 | GABELLI MARIO J | 20 Mar 2025 | |||
| Kovitz Investment Group Partners, LLC | 6.7% | $6,342,749 | 770,218 | Kovitz Investment Group Partners, LLC | 30 Sep 2024 | |||
| ZAZOVE ASSOCIATES LLC | 4.8% | $4,662,031 | 566,124 | ZAZOVE ASSOCIATES LLC | 31 Dec 2024 |
As of 30 Sep 2025, 26 institutional investors reported holding 4,794,997 shares of GDL FUND - Common Shares (GDL). This represents 43% of the company’s total 11,235,253 outstanding shares.
The largest institutional shareholders of GDL FUND - Common Shares (GDL) together control 43% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| GABELLI & Co INVESTMENT ADVISERS, INC. | 16% | 1,846,636 | 0% | 2.5% | $15,788,553 |
| Kovitz Investment Group Partners, LLC | 5.7% | 635,847 | -5.8% | 0.02% | $5,436,431 |
| Bulldog Investors, LLP | 3.6% | 409,922 | -0.35% | 0.81% | $3,504,820 |
| MORGAN STANLEY | 3.6% | 402,478 | +41% | 0% | $3,441,148 |
| GAMCO INVESTORS, INC. ET AL | 2.3% | 254,988 | -42% | 0.02% | $2,180,126 |
| Ancora Advisors LLC | 1.6% | 174,626 | 0% | 0.03% | $1,493,035 |
| BANK OF AMERICA CORP /DE/ | 1.5% | 170,443 | -0.79% | 0% | $1,457,117 |
| Cornerstone Advisors, LLC | 1.3% | 147,905 | -7.6% | 0.04% | $1,264,573 |
| NewEdge Advisors, LLC | 1.1% | 125,035 | -1.6% | 0% | $1,069,038 |
| ZAZOVE ASSOCIATES LLC | 1.1% | 120,522 | 0% | 0.09% | $1,030,451 |
| CSS LLC/IL | 1% | 116,663 | 0% | 0.06% | $997,457 |
| ENVESTNET ASSET MANAGEMENT INC | 0.82% | 92,627 | -1.4% | 0% | $791,955 |
| PARK AVENUE SECURITIES LLC | 0.74% | 83,351 | -2.7% | 0.01% | $713,000 |
| SEVEN MILE ADVISORY | 0.35% | 39,499 | 0.05% | $337,710 | |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 0.32% | 36,487 | +56% | 0.05% | $311,960 |
| OSAIC HOLDINGS, INC. | 0.3% | 34,060 | -14% | 0% | $290,420 |
| STIFEL FINANCIAL CORP | 0.22% | 25,219 | -11% | 0% | $215,618 |
| Matisse Capital | 0.15% | 16,947 | 0% | 0.07% | $144,895 |
| INTEGRATED CAPITAL MANAGEMENT, INC. | 0.14% | 15,788 | +1.2% | 0.09% | $134,990 |
| WELLS FARGO & COMPANY/MN | 0.13% | 14,631 | -6.4% | 0% | $125,096 |
| Private Advisor Group, LLC | 0.11% | 11,970 | 0% | 0% | $102,343 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0.1% | 11,215 | -68% | 0% | $95,887 |
| UBS Group AG | 0.03% | 3,291 | -26% | 0% | $28,138 |
| MARK SHEPTOFF FINANCIAL PLANNING, LLC | 0.02% | 2,000 | 0% | 0.01% | $17,100 |
| CREATIVE FINANCIAL DESIGNS INC /ADV | 0.02% | 1,717 | 0% | 0% | $14,680 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 15,772 | $133,587 | -$713,136 | $8.47 | 2 |
| 2025 Q3 | 4,794,997 | $40,996,202 | -$1,099,129 | $8.55 | 26 |
| 2025 Q2 | 5,044,532 | $42,089,107 | +$965,048 | $8.34 | 28 |
| 2025 Q1 | 4,760,679 | $39,204,233 | -$3,850,739 | $8.24 | 22 |
| 2024 Q4 | 5,310,500 | $42,594,166 | +$20,859,196 | $8.02 | 27 |
| 2024 Q3 | 2,709,391 | $22,044,950 | -$10,983,836 | $8.15 | 25 |
| 2024 Q2 | 4,124,484 | $32,335,646 | -$6,079,069 | $7.84 | 29 |
| 2024 Q1 | 4,874,648 | $38,714,204 | -$81,142 | $7.96 | 26 |
| 2023 Q4 | 4,877,065 | $39,201,437 | -$1,478,563 | $8.04 | 27 |
| 2023 Q3 | 5,054,554 | $39,172,275 | -$1,244,967 | $7.75 | 33 |
| 2023 Q2 | 5,221,238 | $40,969,574 | +$13,122,384 | $7.84 | 32 |
| 2023 Q1 | 3,529,349 | $27,688,243 | -$4,165,179 | $7.85 | 29 |
| 2022 Q4 | 4,077,261 | $31,939,587 | -$18,757,711 | $7.84 | 30 |
| 2022 Q3 | 5,747,419 | $45,522,000 | +$932,370 | $7.92 | 28 |
| 2022 Q2 | 5,629,176 | $46,303,000 | -$4,839,082 | $8.21 | 27 |
| 2022 Q1 | 6,204,611 | $53,360,000 | -$1,157,405 | $8.60 | 25 |
| 2021 Q4 | 6,134,766 | $54,783,000 | -$199,578 | $8.93 | 27 |
| 2021 Q3 | 6,359,347 | $57,109,000 | +$2,654,505 | $8.98 | 29 |
| 2021 Q2 | 6,063,416 | $54,996,000 | -$244,465 | $9.07 | 30 |
| 2021 Q1 | 6,185,672 | $55,237,000 | -$625,806 | $8.93 | 31 |
| 2020 Q4 | 6,258,095 | $54,573,000 | -$654,613 | $8.72 | 32 |
| 2020 Q3 | 6,338,043 | $53,110,000 | -$1,615,022 | $8.38 | 34 |
| 2020 Q2 | 6,533,059 | $53,768,000 | -$8,874,367 | $8.23 | 39 |
| 2020 Q1 | 7,633,121 | $59,845,000 | +$1,257,910 | $7.84 | 36 |
| 2019 Q4 | 7,439,598 | $69,189,000 | -$258,850 | $9.30 | 34 |
| 2019 Q3 | 6,951,190 | $63,879,000 | -$1,752,307 | $9.19 | 32 |
| 2019 Q2 | 7,140,948 | $66,055,000 | -$137,748 | $9.25 | 33 |
| 2019 Q1 | 7,607,069 | $72,722,000 | +$1,060,714 | $9.56 | 33 |
| 2018 Q4 | 7,823,349 | $71,736,000 | +$4,049,184 | $9.17 | 35 |
| 2018 Q3 | 7,335,174 | $65,947,000 | -$773,893 | $9.09 | 39 |
| 2018 Q2 | 7,424,056 | $68,154,000 | -$19,671,863 | $9.18 | 38 |
| 2018 Q1 | 9,565,753 | $89,176,000 | +$2,340,290 | $9.32 | 37 |
| 2017 Q4 | 9,312,937 | $90,801,000 | -$14,097,117 | $9.73 | 37 |
| 2017 Q3 | 10,697,493 | $109,134,000 | -$1,397,270 | $10.20 | 38 |
| 2017 Q2 | 10,577,798 | $108,526,000 | +$17,744,343 | $10.26 | 39 |
| 2017 Q1 | 9,100,046 | $89,572,000 | +$4,230,319 | $9.84 | 40 |
| 2016 Q4 | 8,695,173 | $85,559,000 | -$3,306,383 | $9.84 | 43 |
| 2016 Q3 | 8,171,643 | $81,305,000 | -$1,629,905 | $9.95 | 45 |
| 2016 Q2 | 9,150,200 | $90,861,000 | -$331,463 | $9.93 | 46 |
| 2016 Q1 | 9,181,329 | $91,953,000 | -$61,214 | $10.03 | 45 |
| 2015 Q4 | 9,425,319 | $94,400,781 | +$316,449 | $10.01 | 45 |
| 2015 Q3 | 8,431,897 | $82,694,075 | +$460,848 | $9.80 | 40 |
| 2015 Q2 | 8,384,923 | $85,445,000 | -$47,080 | $10.19 | 40 |
| 2015 Q1 | 8,391,178 | $86,700,222 | +$680,691 | $10.33 | 42 |
| 2014 Q4 | 8,571,013 | $87,676,980 | +$34,428 | $10.23 | 47 |
| 2014 Q3 | 8,516,195 | $89,798,024 | +$5,375,466 | $10.55 | 41 |
| 2014 Q2 | 8,002,115 | $86,899,400 | -$3,058,321 | $10.86 | 39 |
| 2014 Q1 | 8,053,834 | $88,864,000 | -$2,795,090 | $11.03 | 36 |