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GDL Fund Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest was filed 23 Feb 2024.
GDL Fund: what insiders have been doing
This page follows insider dealings at GDL Fund as filed with SEC (Form 4), a company from the Finance & Banking sector. In the past year (18 October 2025 to 18 October 2026), 2 filings came from 1 insider.
All open-market trades in the period are sales: 2 sales worth €12k, by 1 insider, with no purchase on record. Biggest ticket of the year: €5,759, sold by Gabelli Mario J and made public on 24 February 2026.
Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning.
With 2 filings in twelve months, the company is quieter than the median of 19 filings across the 5,816 companies we follow on the same exchange. Looking back to 2016, when coverage begins, insiders filed 10 purchases and 12 sales.
Other companies in the same sector with recent insider buying flagged by our signals: First Guaranty Bancshares, Inc. and BCB Bancorp Inc. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
Insider Decl.
25
Thresholds
n/a
Buy Volume
€3M
10 ops. · all time
Sell Volume
€2M
12 ops. · all time
Who traded when
BuySaleMario J. Gabelli3 sales
Since the insiders bought
- -8.7%Entry US$8.60 · Close at T+365 US$7.85
- -6.5%Entry US$8.47 · Close at T+365 US$7.92
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended December 2025 · cache
US$8.42
Analyst consensus
Income statement
RevenueUS$8.4M
Net incomeUS$7.6M90.3% margin
Valuation
PER (trailing)12.0x
Balance sheet & cash
Market capUS$94.8M
Free Cash FlowUS$37.5M
Profitability & ownership
% insiders25.7%
% institutions43.1%
Last declaration on 24 February 2026
Declarations25 total
800 shares@ US$8.520.1% of flowCommon Shares, Par Value $0.001SEC:0001185533-26-000009:0
800 shares@ US$8.390.1% of flowCommon Shares, Par Value $0.001SEC:0001185533-26-000005:0
3,038 shares@ US$50.00100.0% of flowSeries C Cumulative Puttable and Callable Preferred SharesSEC:0001271163-25-000014:0
2,500 shares@ US$8.040.2% of flowCommon Shares, Par Value $0.001SEC:0001271163-24-000071:0
307 shares@ US$8.090.0% of flowCommon Shares, Par Value $0.001SEC:0001271163-24-000051:0
250,000 shares@ US$10.0024.1% of flowSeries E Cumulative Preferred SharesSEC:0001271163-24-000024:0
32 shares@ US$7.905100.0% of flowCommon Shares, Par Value $0.001SEC:0001271163-24-000021:0
Canonical exit: 22 May 2024 (T+90)
2,000 shares@ US$8.010.2% of flowCommon Shares, Par Value $0.001SEC:0001271163-23-000036:0
120 shares@ US$7.930.0% of flowCommon Shares, Par Value $0.001SEC:0001271163-23-000019:0
Canonical exit: 5 Nov 2023 (T+90)
500 shares@ US$7.9320.0% of flowCommon Shares, Par Value $0.001SEC:0001271163-23-000018:0
Canonical exit: 29 Oct 2023 (T+90)
2,000 shares@ US$7.850.2% of flowCommon Shares, Par Value $0.001SEC:0001271163-23-000010:0
250,000 shares@ US$10.0024.2% of flowSeries E Cumulative Preferred SharesSEC:0001271163-23-000008:0
2,000 shares@ US$8.120.2% of flowCommon Shares, Par Value $0.001SEC:0001271163-23-000006:0
Canonical exit: 11 May 2023 (T+90)
221 shares@ US$7.990.0% of flowCommon Shares, Par Value $0.001SEC:0001271163-22-000051:0
Canonical exit: 22 Jan 2023 (T+90)
200,000 shares@ US$10.0021.2% of flowSeries E Cumulative Preferred SharesSEC:0001271163-22-000047:0
1,200 shares@ US$7.890.1% of flowCommon Shares, Par Value $0.001SEC:0001271163-22-000045:0
Canonical exit: 5 Jan 2023 (T+90)
170 shares@ US$8.000.0% of flowCommon Shares, Par Value $0.001SEC:0001271163-22-000044:0
Canonical exit: 1 Jan 2023 (T+90)
900 shares@ US$8.250.1% of flowCommon Shares, Par Value $0.001SEC:0001271163-22-000038:0
Canonical exit: 16 Oct 2022 (T+90)
300,000 shares@ US$10.0028.5% of flowSeries E Cumulative Preferred SharesSEC:0001271163-22-000020:0
Canonical exit: 26 Jun 2022 (T+90)
150 shares@ US$8.669100.0% of flowCommon Shares, Par Value $0.001SEC:0001271163-22-000015:0
Canonical exit: 18 May 2022 (T+90)
3,591 shares@ US$8.99120.3% of flowCommon Shares, Par Value $0.001SEC:0001271163-21-000085:0
7,407 shares@ US$8.96960.6% of flowCommon Shares, Par Value $0.001SEC:0001271163-21-000083:0
480 sharesSeries B Cumulative Puttable and Callable Preferred SharesSEC:0001271163-16-000064:0
2,000 sharesCommon Shares, Par Value $0.001SEC:0001271163-16-000065:0
1,250 sharesCommon Shares, Par Value $0.001SEC:0001271163-16-000063:0
25 of 25 declarations
About GDL Fund
GDL Fund is a U.S.-listed closed-end fund focused on digital assets, trading on the NYSE in the United States under the ticker GDL. For francophone investors, it should be viewed as a listed financial vehicle designed to provide exposure to major cryptocurrencies through a regulated exchange-traded structure, rather than a direct operating company. The fund is organized as a Delaware statutory trust and is registered under the Investment Company Act of 1940, which places it squarely in the listed funds universe. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1378701/000199937124006216/gdl-n2_051024.htm?utm_source=openai))
The fund’s legal roots go back to 2006, while its digital-asset investment strategy developed later, with a private placement for accredited investors starting in 2018. In 2020, the public ticker was changed to GDL on the OTCQX market, and the fund has continued to maintain its market presence with NYSE listing and SEC reporting. It is associated with Grayscale’s broader digital-asset investment platform, which is a well-known sponsor in the U.S. crypto investment product landscape. ([nasdaq.com](https://www.nasdaq.com/press-release/grayscale-digital-large-cap-fund-announces-ticker-symbol-change-to-gdlc-2020-04-14?utm_source=openai))
Read moreShow less
From an investment perspective, GDL Fund is designed to offer simplified access to a basket of large-cap digital currencies. Its value proposition is straightforward: investors gain market access, exchange liquidity, and operational convenience without having to manage custody, storage, or direct token ownership. At the same time, the product carries the full volatility profile of crypto markets, plus the additional risks associated with closed-end fund discounts/premiums, regulatory change, and the evolving structure of U.S. digital-asset products. ([nasdaq.com](https://www.nasdaq.com/press-release/grayscale-digital-large-cap-fund-announces-ticker-symbol-change-to-gdlc-2020-04-14?utm_source=openai))
Competitive positioning is driven less by manufacturing or technology and more by sponsor reputation, index or portfolio methodology, liquidity, and reporting quality. The fund is domiciled in the United States, with administrative ties to Rye, New York, reinforcing its anchoring in the U.S. financial market infrastructure. As a NYSE-listed product, it competes within a growing field of listed crypto exposure vehicles aimed at both retail and institutional buyers. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1378701/000127116322000015/0001271163-22-000015-index.htm?utm_source=openai))
Recent SEC filings confirm the fund’s ongoing NYSE listing and continued compliance with disclosure requirements. For investors, GDL remains a specialized high-risk allocation tool rather than a traditional equity story: it is best understood as a portfolio access product for digital assets, suitable for those seeking thematic exposure within a U.S.-listed wrapper. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1378701/000199937124006216/gdl-n2_051024.htm?utm_source=openai))
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