GDL FUND

CUSIP: 361570104 Class: COM SH BEN IT

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
GABELLI & Co INVESTMENT ADVISERS, INC.1,846,636$15,641
Focus Partners Wealth591,856$5,013
MORGAN STANLEY472,773$4,004
GAMCO INVESTORS, INC. ET AL441,040$3,736
Bulldog Investors, LLP409,922$3,472
Ancora Advisors LLC174,626$1,479
BANK OF AMERICA CORP /DE/168,937$1,431
Cornerstone Advisors, LLC130,325$1,104
NewEdge Advisors, LLC127,532$1,080
ZAZOVE ASSOCIATES LLC120,522$1,021
CSS LLC/IL116,663$988
ENVESTNET ASSET MANAGEMENT INC92,902$787
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC46,876$397
SEVEN MILE ADVISORY39,954$338
GatePass Capital, LLC28,400$241
STIFEL FINANCIAL CORP21,391$181
EVOLVE PRIVATE WEALTH, LLC19,383$164
Matisse Capital16,947$144
INTEGRATED CAPITAL MANAGEMENT, INC.15,447$131
DECISION INVESTMENTS, INC15,100$128
WELLS FARGO & COMPANY/MN14,632$124
Private Advisor Group, LLC11,970$101
Closed-End Fund Advisors, Inc.11,244$95
MRP Capital Investments, LLC5,500$47
UBS Group AG3,117$26
OSAIC HOLDINGS, INC.2,780$24
MARK SHEPTOFF FINANCIAL PLANNING, LLC2,000$17
CREATIVE FINANCIAL DESIGNS INC /ADV1,717$15
Kilter Group LLC1,520$13
McMillan Office, Inc.1,000$8
HIGHLINE WEALTH PARTNERS LLC325$3
BARRETT & COMPANY, INC.200$2
Total (32 institutions)4,953,237$41,954