Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public)
30 Maio 2024 - 12:12PM
Edgar (US Regulatory)
The
GDL
Fund
Schedule
of
Investments
—
March
31,
2024
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
—
49.3%
Aerospace
—
2.6%
50,000
Civitanavi
Systems
SpA
.............
$
327,970
400
Hawaiian
Holdings
Inc.†
............
5,332
2,900
Hexcel
Corp.
.....................
211,265
80,000
Kaman
Corp.
....................
3,669,600
600
Spire
Global
Inc.†
.................
7,200
4,221,367
Automotive
—
0.4%
20,000
Iveco
Group
NV†
.................
297,763
600,000
Pinewood
Technologies
Group
plc†
.....
290,799
588,562
Broadcasting
—
0.9%
96,000
TEGNA
Inc.
.....................
1,434,240
Building
and
Construction
—
6.5%
35,700
Lennar
Corp.,
Cl. B
................
5,504,226
24,000
Masonite
International
Corp.†
........
3,154,800
30,000
MDC
Holdings
Inc.
................
1,887,300
10,546,326
Business
Services
—
2.0%
3,000
Applus
Services
SA
................
37,026
80,000
Clear
Channel
Outdoor
Holdings
Inc.†
...
132,000
110,000
Daseke
Inc.†
....................
913,000
4,000
McGrath
RentCorp
................
493,480
30,000
SP
Plus
Corp.†
...................
1,566,600
10,000
Wincanton
plc
...................
75,729
3,217,835
Cable
and
Satellite
—
0.2%
500
Lee
Enterprises
Inc.†
...............
6,665
30,000
Liberty
Latin
America
Ltd.,
Cl. A†
......
209,100
5,351
Liberty
Latin
America
Ltd.,
Cl. C†
......
37,404
253,169
Computer
Software
and
Services
—
2.6%
60,000
Everbridge
Inc.†
..................
2,089,800
7,200
Gen
Digital
Inc.
...................
161,280
125,500
HireRight
Holdings
Corp.†
...........
1,790,885
3,000
Playtech
plc†
....................
17,471
10,000
Stratasys
Ltd.†
...................
116,200
4,175,636
Consumer
Products
—
1.0%
36,000
Capri
Holdings
Ltd.†
...............
1,630,800
2,900
iRobot
Corp.†
....................
25,404
1,656,204
Consumer
Services
—
0.0%
4,000
Adevinta
ASA†
...................
41,929
Shares
Market
Value
Diversified
Industrial
—
2.4%
10,000
Haynes
International
Inc.
............
$
601,200
10,000
JSR
Corp.
......................
286,035
9,000
Target
Hospitality
Corp.†
............
97,830
50,000
Textainer
Group
Holdings
Ltd.
........
2,500,000
7,000
United
States
Steel
Corp.
............
285,460
1,800
Valmet
Oyj
......................
47,364
30,000
Velan
Inc.
.......................
129,563
3,947,452
Electronics
—
3.4%
44,000
Bel
Fuse
Inc.,
Cl. A
................
3,115,640
2,000
MKS
Instruments
Inc.
..............
266,000
3,000
Rogers
Corp.†
...................
356,070
14,000
Smart
Metering
Systems
plc
.........
168,219
135,000
Vizio
Holding
Corp.,
Cl. A†
...........
1,476,900
62,000
Yamada
Holdings
Co.
Ltd.†
..........
179,472
5,562,301
Energy
and
Utilities
—
8.8%
12,500
Alvopetro
Energy
Ltd.
..............
37,559
16,000
Avista
Corp.
.....................
560,320
3,000
Encavis
AG†
.....................
54,552
40,000
Endesa
SA
......................
740,738
200,000
Equitrans
Midstream
Corp.
..........
2,498,000
18,480
Exxon
Mobil
Corp.
................
2,148,115
2,835
Green
Plains
Inc.†
.................
65,545
30,000
Greenvolt-Energias
Renovaveis
SA†
....
264,102
460,000
Gulf
Coast
Ultra
Deep
Royalty
Trust
.....
5,440
3,000
Hess
Corp.
......................
457,920
8,000
ONEOK
Inc.
.....................
641,360
8,000
Pioneer
Natural
Resources
Co.
........
2,100,000
90,000
PNM
Resources
Inc.
...............
3,387,600
12,000
Southwest
Gas
Holdings
Inc.
.........
913,560
40,000
Southwestern
Energy
Co.†
...........
303,200
14,178,011
Entertainment
—
0.7%
35,000
Fox
Corp.,
Cl. B
...................
1,001,700
70,000
IMAX
China
Holding
Inc.
............
61,442
7,748
Manchester
United
plc,
Cl. A†
.........
108,162
1,171,304
Equipment
and
Supplies
—
0.1%
40,000
DS
Smith
plc
....................
200,278
Financial
Services
—
3.3%
6,000
Cadence
Bank
....................
174,000
8,000
Columbia
Banking
System
Inc.
........
154,800
5,500
Fanhua
Inc.,
ADR†
................
26,125
8,140
National
Western
Life
Group
Inc.,
Cl. A
..
4,004,554
23,200
Steel
Partners
Holdings
LP†
..........
919,880
The
GDL
Fund
Schedule
of
Investments
(Continued)
—
March
31,
2024
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Financial
Services
(Continued)
3,000
Vericity
Inc.†
....................
$
34,050
5,313,409
Food
and
Beverage
—
1.7%
275,000
Carrols
Restaurant
Group
Inc.
........
2,615,250
35,349
Whole
Earth
Brands
Inc.†
...........
170,736
2,785,986
Health
Care
—
5.3%
20,000
Agiliti
Inc.†
......................
202,400
12,000
Amedisys
Inc.†
...................
1,105,920
11,000
Axonics
Inc.†
....................
758,670
9,000
Biohaven
Ltd.†
...................
492,210
10,000
Catalent
Inc.†
....................
564,500
55,000
Cerevel
Therapeutics
Holdings
Inc.†
....
2,324,850
10,000
Fusion
Pharmaceuticals
Inc.†
.........
213,200
3,000
Globus
Medical
Inc.,
Cl. A†
..........
160,920
20,000
Idorsia
Ltd.†
.....................
62,716
2,000
MorphoSys
AG†
..................
144,997
81,500
Olink
Holding
AB,
ADR†
.............
1,916,065
6,000
QIAGEN
NV
.....................
257,940
30,000
R1
RCM
Inc.†
....................
386,400
8,590,788
Hotels
and
Gaming
—
0.1%
500
Flutter
Entertainment
plc†
...........
99,647
Machinery
—
0.2%
25,000
CFT
SpA†(a)
.....................
124,068
15,000
The
L.S.
Starrett
Co.,
Cl. A†
..........
238,350
362,418
Metals
and
Mining
—
0.6%
46,000
Alamos
Gold
Inc.,
Cl. A
.............
678,500
20,000
Artemis
Gold
Inc.†
................
119,892
69,800
Osino
Resources
Corp.†
............
91,208
889,600
Real
Estate
—
1.2%
9,500
Corem
Property
Group
AB,
Cl. B
.......
9,683
180,000
Tricon
Residential
Inc.
..............
2,007,000
2,016,683
Retail
—
0.5%
10,000
Albertsons
Companies
Inc.,
Cl. A
......
214,400
7,000
Macy's
Inc.
.....................
139,930
105,000
Sportsman's
Warehouse
Holdings
Inc.†
.
326,550
69,000
The
Fresh
Market
Inc.†(a)
...........
0
2,000
Tod's
SpA†
.....................
92,781
773,661
Semiconductors
—
0.1%
800
Siltronic
AG
.....................
70,945
Shares
Market
Value
400
Tower
Semiconductor
Ltd.†
..........
$
13,380
10,000
Transphorm
Inc.†
.................
49,100
133,425
Specialty
Chemicals
—
0.5%
4,500
Mativ
Holdings
Inc.
................
84,375
12,261
Novonesis
(Novozymes)
B
...........
718,580
800
Tronox
Holdings
plc
...............
13,880
816,835
Telecommunications
—
3.9%
280,000
HKBN
Ltd.
......................
104,818
100,000
Juniper
Networks
Inc.
..............
3,706,000
175,000
Koninklijke
KPN
NV
................
654,377
30,000
Liberty
Global
Ltd.,
Cl. A†
...........
507,600
43,000
Orange
Belgium
SA†
...............
636,478
18,000
Parrot
SA†
......................
45,441
50,000
Spirent
Communications
plc
.........
126,215
30,000
Telefonica
Deutschland
Holding
AG
.....
76,221
6,000
Telephone
and
Data
Systems
Inc.
......
96,120
43,000
Telesat
Corp.†
...................
369,800
6,323,070
Transportation
—
0.1%
40,000
Abertis
Infraestructuras
SA†(a)
.......
209,297
Wireless
Communications
—
0.2%
713,121
NII
Holdings
Inc.,
Escrow†
...........
249,592
TOTAL
COMMON
STOCKS
.........
79,759,025
CLOSED-END
FUNDS
—
0.6%
425,000
Altaba
Inc.,
Escrow†
...............
1,020,000
RIGHTS
—
0.3%
Computer
Software
and
Services
—
0.0%
1,000
Flexion
Therapeutics
Inc.,
CVR†
.......
650
Health
Care
—
0.2%
21,000
ABIOMED
Inc.,
CVR†
...............
36,750
70,000
Achillion
Pharmaceuticals
Inc.,
CVR†
...
35,000
104,000
Adamas
Pharmaceuticals
Inc.,
CVR†
....
5,200
104,000
Adamas
Pharmaceuticals
Inc.,
CVR†
....
5,200
40,000
Akouos
Inc.,
CVR†
................
30,000
6,000
Albireo
Pharma
Inc.,
CVR†
...........
13,500
79,391
Ambit
Biosciences
Corp.,
CVR†(a)
.....
0
64,000
Chinook
Therapeutics
Inc.,
CVR†
......
25,600
4,000
CinCor
Pharma
Inc.,
CVR†
...........
12,000
25,000
Decibel
Therapeutics
Inc.,
CVR†
.......
18,750
28,000
Epizyme
Inc.,
CVR†
................
560
500,000
Gracell
Biotechnologies
Inc.,
CVR†
.....
20,000
30,000
Icosavax
Inc.,
CVR†
...............
9,000
300,000
Innocoll,
CVR†(a)
.................
0
125,000
Ipsen
SA/Clementia,
CVR†(a)
.........
0
The
GDL
Fund
Schedule
of
Investments
(Continued)
—
March
31,
2024
(Unaudited)
Shares
Market
Value
RIGHTS
(Continued)
Health
Care
(Continued)
10,000
Mirati
Therapeutics
Inc.,
CVR†
........
$
5,000
23,000
Ocera
Therapeutics,
CVR†(a)
.........
1,438
3,000
Opiant
Pharmaceuticals
Inc.,
CVR†
.....
1,500
150,000
Orchard
Therapeutics
plc,
CVR†
.......
12,000
100,000
Paratek
Pharmaceuticals
Inc.,
CVR†
....
2,000
3,000
Prevail
Therapeutics
Inc.,
CVR†
.......
600
2,000
Radius
Health
Inc.,
CVR†
............
200
1,000
Sigilon
Therapeutics
Inc.,
CVR†
.......
7,550
11,000
Tobira
Therapeutics
Inc.,
CVR†(a)
......
0
241,848
Metals
and
Mining
—
0.1%
10,000
Kinross
Gold
Corp.,
CVR†(a)
.........
0
419,000
Pan
American
Silver
Corp.,
CVR†
......
187,712
187,712
Paper
and
Forest
Products
—
0.0%
24,000
Resolute
Forest
Products
Inc.,
CVR†
....
48,000
TOTAL
RIGHTS
................
478,210
Principal
Amount
U.S.
GOVERNMENT
OBLIGATIONS
—
52.4%
$
85,590,000
U.S.
Treasury
Bills,
5.151%
to
5.383%††,
04/11/24
to
08/29/24(b)
...................
84,680,202
TOTAL
INVESTMENTS
BEFORE
SECURITIES
SOLD
SHORT
—
102.6%
(Cost
$160,996,043)
.............
$
165,937,437
Shares
Market
Value
SECURITIES
SOLD
SHORT
—
(5.4)%
Building
and
Construction
—
(2.5)%
24,000
Lennar
Corp.,
Cl. A
.........................
$
4,127,520
Shares
Market
Value
Energy
and
Utilities
—
(2.9)%
2,500
Chevron
Corp.
.............................
$
394,350
1,690
EQT
Corp.
..................................
62,648
36,388
Exxon
Mobil
Corp.
.........................
4,229,741
4,686,739
TOTAL
SECURITIES
SOLD
SHORT
(Proceeds
received
$5,835,601)(c)
......
$
8,814,259
(a)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
(b)
At
March
31,
2024,
$4,375,000
of
the
principal
amount
was
reserved
and/or
pledged
with
the
custodian
for
securities
sold
short
and
forward
foreign
exchange
contracts.
(c)
At
March
31,
2024,
these
proceeds
are
being
held
at
Pershing
LLC.
†
Non-income
producing
security.
††
Represents
annualized
yields
at
dates
of
purchase.
ADR
American
Depositary
Receipt
CVR
Contingent
Value
Right
Geographic
Diversification
%
of
Total
Investments
Market
Value
Long
Positions
North
America
......................
93.5
%
$
155,178,212
Europe
..............................
6.1
10,081,333
Japan
...............................
0.3
465,507
Asia/Pacific
.........................
0.1
192,385
Latin
America
.......................
0.0
*
20,000
Total
Investments
—
Long
Positions
100.0%
$
165,937,437
Short
Positions
North
America
......................
(5.3)
%
$
(8,814,259)
Total
Investments
—
Short
Positions
(5.3)%
$
(8,814,259)
*
Amount
represents
less
than
0.05%.
As
of
March
31,
2024,
forward
foreign
exchange
contracts
outstanding
were
as
follows:
Currency
Purchased
Currency
Sold
Counterparty
Settlement
Date
Unrealized
Appreciation
USD
2,929,380
EUR
2,700,000
State
Street
Bank
and
Trust
Co.
04/26/24
$
13,209
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