<SEC-DOCUMENT>0001752724-24-199921.txt : 20240829
<SEC-HEADER>0001752724-24-199921.hdr.sgml : 20240829
<ACCEPTANCE-DATETIME>20240829123533
ACCESSION NUMBER:		0001752724-24-199921
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240628
FILED AS OF DATE:		20240829
DATE AS OF CHANGE:		20240829
PERIOD START:           	20241231

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GDL FUND
		CENTRAL INDEX KEY:			0001378701
		ORGANIZATION NAME:           	
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21969
		FILM NUMBER:		241261416

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		914-921-5100

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Gabelli Global Deal Fund
		DATE OF NAME CHANGE:	20061019
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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        <invCountry>IT</invCountry>
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      <invstOrSec>
        <name>Cerevel Therapeutics Holdings</name>
        <lei>254900RJNIRS9COSQR41</lei>
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          <isin value="US15678U1280"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Vizio Holding Corp</name>
        <lei>N/A</lei>
        <title>Vizio Holding Corp</title>
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          <isin value="US92858V1017"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AKOUOS INC</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797LF2</cusip>
        <identifiers>
          <isin value="US912797LF29"/>
          <other otherDesc="SEDOL" value="BNNRNL0"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2444068.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-05</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Aaron's Co Inc/The</name>
        <lei>N/A</lei>
        <title>Aaron's Co Inc/The</title>
        <cusip>00258W108</cusip>
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          <isin value="US00258W1080"/>
          <ticker value="AAN"/>
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        <curCd>USD</curCd>
        <valUSD>1197600.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PlayAGS Inc</name>
        <lei>N/A</lei>
        <title>PlayAGS Inc</title>
        <cusip>72814N104</cusip>
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          <isin value="US72814N1046"/>
          <ticker value="AGS"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>345000.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Overseas Shipholding Group Inc</name>
        <lei>N/A</lei>
        <title>Overseas Shipholding Group Inc</title>
        <cusip>69036R863</cusip>
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          <isin value="US69036R8631"/>
          <ticker value="OSG"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1017600.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ConocoPhillips</name>
        <lei>WPTL2Z3FIYTHSP5V2253</lei>
        <title>ConocoPhillips</title>
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          <isin value="US20825C1045"/>
          <ticker value="COP"/>
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        <balance>-11475.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-1312510.50000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hess Corp</name>
        <lei>UASVRYNXNK17ULIGK870</lei>
        <title>Hess Corp</title>
        <cusip>42809H107</cusip>
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          <isin value="US42809H1077"/>
          <ticker value="HES"/>
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        <balance>3000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>442560.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Equitrans Midstream Corp</name>
        <lei>549300RH0NLJNZ5SXU64</lei>
        <title>Equitrans Midstream Corp</title>
        <cusip>294600101</cusip>
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          <isin value="US2946001011"/>
          <ticker value="ETRN"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Park Lawn Corp</name>
        <lei>549300GTA10BQTRS3J10</lei>
        <title>Park Lawn Corp</title>
        <cusip>700563208</cusip>
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          <isin value="CA7005632087"/>
          <ticker value="PLC"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <name>R1 RCM Inc</name>
        <lei>N/A</lei>
        <title>R1 RCM Inc</title>
        <cusip>77634L105</cusip>
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          <isin value="US77634L1052"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Liberty Media Corp-Liberty Sir</name>
        <lei>N/A</lei>
        <title>Liberty Media Corp-Liberty SiriusXM</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>WideOpenWest Inc</name>
        <lei>549300RM6J2BWWOFU889</lei>
        <title>WideOpenWest Inc</title>
        <cusip>96758W101</cusip>
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          <isin value="US96758W1018"/>
          <ticker value="WOW"/>
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        <assetCat>EC</assetCat>
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        <name>Resolute Forest Products Inc</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797KB2</cusip>
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          <isin value="US912797KB24"/>
          <other otherDesc="SEDOL" value="BRK39S8"/>
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      <invstOrSec>
        <name>RADIUS HEALTH INC</name>
        <lei>N/A</lei>
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        <name>Chevron Corp</name>
        <lei>N/A</lei>
        <title>Chevron Corp</title>
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          <ticker value="CVX"/>
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      <invstOrSec>
        <name>DS Smith PLC</name>
        <lei>39RSBE4RCI4M15BLWH36</lei>
        <title>DS Smith PLC</title>
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        <name>Diamond Offshore Drilling Inc</name>
        <lei>F14FQJ2EEHW5VPYUHL14</lei>
        <title>Diamond Offshore Drilling Inc</title>
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          <ticker value="DO"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Yamada Holdings Co Ltd</name>
        <lei>353800MDZ4K1DQKLO464</lei>
        <title>Yamada Holdings Co Ltd</title>
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          <isin value="JP3939000000"/>
          <ticker value="9831"/>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Encore Wire Corp</name>
        <lei>N/A</lei>
        <title>Encore Wire Corp</title>
        <cusip>292562105</cusip>
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          <isin value="US2925621052"/>
          <ticker value="WIRE"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Squarespace Inc</name>
        <lei>549300T4QP7KELU8ST60</lei>
        <title>Squarespace Inc</title>
        <cusip>85225A107</cusip>
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          <isin value="US85225A1079"/>
          <ticker value="SQSP"/>
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        <balance>58000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2530540.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WalkMe Ltd</name>
        <lei>N/A</lei>
        <title>WalkMe Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="IL0011765851"/>
          <ticker value="WKME"/>
          <other otherDesc="SEDOL" value="BNNVY86"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>698500.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Albertsons Cos Inc</name>
        <lei>549300YKWOC0AOR16R51</lei>
        <title>Albertsons Cos Inc</title>
        <cusip>013091103</cusip>
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          <isin value="US0130911037"/>
          <ticker value="ACI"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>296250.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clear Channel Outdoor Holdings</name>
        <lei>N/A</lei>
        <title>Clear Channel Outdoor Holdings Inc</title>
        <cusip>18453H106</cusip>
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          <isin value="US18453H1068"/>
          <ticker value="CCO"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>84600.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CONTRA ADAMAS PHARMACE</name>
        <lei>N/A</lei>
        <title>CONTRA ADAMAS PHARMACE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="005CVR014"/>
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        <balance>104000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5200.00000000</valUSD>
        <pctVal>0.004329928541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>US Silica Holdings Inc</name>
        <lei>529900HOXGPM9F75C193</lei>
        <title>US Silica Holdings Inc</title>
        <cusip>90346E103</cusip>
        <identifiers>
          <isin value="US90346E1038"/>
          <ticker value="SLCA"/>
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        <balance>110000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1699500.00000000</valUSD>
        <pctVal>1.415137222293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Haynes International Inc</name>
        <lei>549300I9MS5UZLRFDO40</lei>
        <title>Haynes International Inc</title>
        <cusip>420877201</cusip>
        <identifiers>
          <isin value="US4208772016"/>
          <ticker value="HAYN"/>
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        <balance>27000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1584900.00000000</valUSD>
        <pctVal>1.319712258672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kinross Gold Corp</name>
        <lei>549300UEBMAQDN0K0R06</lei>
        <title>Kinross Gold Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="BPR9XS3"/>
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        <balance>10000.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.36805000"/>
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        <pctVal>0.000000058287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hibbett Inc</name>
        <lei>529900RD6P643J1CZM55</lei>
        <title>Hibbett Inc</title>
        <cusip>428567101</cusip>
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          <isin value="US4285671016"/>
          <ticker value="HIBB"/>
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        <balance>34000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2965140.00000000</valUSD>
        <pctVal>2.469008522101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Atlantica Sustainable Infrastr</name>
        <lei>549300ITBBGKJ651R879</lei>
        <title>Atlantica Sustainable Infrastructure PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BLP5YB54"/>
          <ticker value="AY"/>
          <other otherDesc="SEDOL" value="BLP5YB5"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>987750.00000000</valUSD>
        <pctVal>0.822478253204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HashiCorp Inc</name>
        <lei>549300XGOB9ZFQHMIP56</lei>
        <title>HashiCorp Inc</title>
        <cusip>418100103</cusip>
        <identifiers>
          <isin value="US4181001037"/>
          <ticker value="HCP"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1852950.00000000</valUSD>
        <pctVal>1.542911748190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Velan Inc</name>
        <lei>549300DB4US7WDCNNN28</lei>
        <title>Velan Inc</title>
        <cusip>922932108</cusip>
        <identifiers>
          <isin value="CA9229321083"/>
          <ticker value="VLN"/>
          <other otherDesc="SEDOL" value="2942166"/>
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        <balance>30000.00000000</balance>
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        <pctVal>0.109376368086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hawaiian Holdings Inc</name>
        <lei>529900TQUS2JVPSSPP86</lei>
        <title>Hawaiian Holdings Inc</title>
        <cusip>419879101</cusip>
        <identifiers>
          <isin value="US4198791018"/>
          <ticker value="HA"/>
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        <balance>12000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>149160.00000000</valUSD>
        <pctVal>0.124202334849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State Street Bank and Trust Company</name>
        <lei>571474TGEMMWANRLN572</lei>
        <title>USD/EUR FORWARD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="AUU3DMZUC6OSCCUXTKSSZKSJW"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-773.26000000</valUSD>
        <pctVal>-0.00064387702</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>State Street Bank and Trust Company</counterpartyName>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Spirent Communications PLC</name>
        <lei>213800HKCUNWP1916L38</lei>
        <title>Spirent Communications PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0004726096"/>
          <ticker value="SPT"/>
          <other otherDesc="SEDOL" value="0472609"/>
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        <balance>50000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pan American Silver CVR</name>
        <lei>549300MKTF5851TYIB83</lei>
        <title>Pan American Silver CVR</title>
        <cusip>697900132</cusip>
        <identifiers>
          <isin value="CA6979001329"/>
          <ticker value="PAASF"/>
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        <balance>419000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>193829.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Applus Services SA</name>
        <lei>213800M9XCA6NR98E873</lei>
        <title>Applus Services SA</title>
        <cusip>000000000</cusip>
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          <isin value="ES0105022000"/>
          <ticker value="APPS"/>
          <other otherDesc="SEDOL" value="BM677T6"/>
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        <balance>3000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.93375040"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797KL0</cusip>
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          <isin value="US912797KL06"/>
          <other otherDesc="SEDOL" value="BRPT6R9"/>
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        <balance>980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>968658.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-19</maturityDt>
          <couponKind>None</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Exxon Mobil Corp</name>
        <lei>J3WHBG0MTS7O8ZVMDC91</lei>
        <title>Exxon Mobil Corp</title>
        <cusip>30231G102</cusip>
        <identifiers>
          <isin value="US30231G1022"/>
          <ticker value="XOM"/>
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        <balance>-47522.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-5470732.64000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797KD8</cusip>
        <identifiers>
          <isin value="US912797KD89"/>
          <other otherDesc="SEDOL" value="BMG7NK9"/>
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        <balance>22515000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22321185.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-29</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lok'nStore Group PLC</name>
        <lei>213800MXVAMG3CA42A19</lei>
        <title>Lok'nStore Group PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0007276115"/>
          <ticker value="LOK"/>
          <other otherDesc="SEDOL" value="0727611"/>
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        <balance>85000.00000000</balance>
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        <pctVal>0.984170691453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OCERA THERAPEUTICS CVR</name>
        <lei>N/A</lei>
        <title>OCERA THERAPEUTICS CVR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="675CVR195"/>
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        <balance>23000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1437.50000000</valUSD>
        <pctVal>0.001196975438</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Copperleaf Technologies Inc</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Alamos Gold Inc</name>
        <lei>549300TDOX73YGYXE959</lei>
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      <invstOrSec>
        <name>CINCOR</name>
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      <invstOrSec>
        <name>McGrath RentCorp</name>
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      <invstOrSec>
        <name>Calliditas Therapeutics AB</name>
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      <invstOrSec>
        <name>TREASURY BILL</name>
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      <invstOrSec>
        <name>PNM Resources Inc</name>
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      <invstOrSec>
        <name>Pinewood Technologies Group PL</name>
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      <invstOrSec>
        <name>TREASURY BILL</name>
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          <isin value="US912797KK23"/>
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      <invstOrSec>
        <name>Macy's Inc</name>
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        <title>Macy's Inc</title>
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        <name>Amedisys Inc</name>
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        <title>Amedisys Inc</title>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>AssetMark Financial Holdings I</name>
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        <name>Sharecare Inc</name>
        <lei>N/A</lei>
        <title>Sharecare Inc</title>
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        <name>Everbridge Inc</name>
        <lei>549300WCY0UMR64ATW81</lei>
        <title>Everbridge Inc</title>
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        <name>PREVAIL THERAPEUTICS INC</name>
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        <name>Endesa SA</name>
        <lei>549300LHK07F2CHV4X31</lei>
        <title>Endesa SA</title>
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          <ticker value="ELE"/>
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        <name>Telephone and Data Systems Inc</name>
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        <name>SIGILON THERAPEUTICS INC CVR</name>
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        <name>Biohaven Ltd</name>
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        <title>Biohaven Ltd</title>
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        <name>HKBN Ltd</name>
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        <title>HKBN Ltd</title>
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        <name>Avangrid Inc</name>
        <lei>549300OX0Q38NLSKPB49</lei>
        <title>Avangrid Inc</title>
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        <name>IMAX China Holding Inc</name>
        <lei>254900UPBAZQ2AIEQ396</lei>
        <title>IMAX China Holding Inc</title>
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        <invCountry>HK</invCountry>
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        <name>OPIANT PHARMACEUTICALS INC</name>
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      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
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      <invstOrSec>
        <name>Greenvolt-Energias Renovaveis</name>
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      <invstOrSec>
        <name>FUSION PHARMACEUTICALS INC</name>
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      <invstOrSec>
        <name>Consolidated Communications Ho</name>
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      <invstOrSec>
        <name>GAN Ltd</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Ipsen SA / Clementia CVR</name>
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      <invstOrSec>
        <name>Target Hospitality Corp</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Lennar Corp</name>
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        <title>Lennar Corp</title>
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      <invstOrSec>
        <name>Smurfit Kappa Group PLC</name>
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        <invCountry>IE</invCountry>
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      <invstOrSec>
        <name>Rogers Corp</name>
        <lei>PW0CN80KNFR7RUOOKJ84</lei>
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        <name>Endeavor Group Holdings Inc</name>
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        <name>Lennar Corp</name>
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        <name>Surmodics Inc</name>
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        <name>Marathon Oil Corp</name>
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        <name>Steel Partners Holdings LP</name>
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        <name>Altaba Inc Escrow</name>
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        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
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        <name>Bapcor Ltd</name>
        <lei>N/A</lei>
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        <name>CONTRA ADAMAS PHARMACE</name>
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        <name>PowerSchool Holdings Inc</name>
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        <name>Stericycle Inc</name>
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        <name>State Street Bank and Trust Company</name>
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        <name>ChampionX Corp</name>
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        <name>NII Holdings Escrow</name>
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        <name>Stratasys Ltd</name>
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        <name>Encavis AG</name>
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        <name>Manchester United Plc</name>
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        <name>MariaDB PLC</name>
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      <invstOrSec>
        <name>Decibel Therapeutics Inc CVR</name>
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      <invstOrSec>
        <name>Paratek Pharmaceuticals CVR</name>
        <lei>N/A</lei>
        <title>Paratek Pharmaceuticals CVR</title>
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          <other otherDesc="INTERNAL" value="699CVR031"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EPIZYME INCCONTINGENT</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRACELL BIOTECHNOLOGIES INC</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

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      <invstOrSec>
        <name>ALBIREO PHARMA INC</name>
        <lei>N/A</lei>
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          <other otherDesc="INTERNAL" value="013CVR022"/>
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        <balance>6000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Olink Holding AB</name>
        <lei>8945004Z7ZHV3LML4J27</lei>
        <title>Olink Holding AB</title>
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          <isin value="US6807101000"/>
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        <curCd>USD</curCd>
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        <invCountry>SE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Artemis Gold Inc</name>
        <lei>N/A</lei>
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          <isin value="CA04302L1004"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ABIOMED Inc</name>
        <lei>N/A</lei>
        <title>ABIOMED Inc</title>
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          <ticker value="2223637D"/>
          <other otherDesc="INTERNAL" value="003CVR016"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Civitanavi Systems Spa</name>
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        <title>Civitanavi Systems Spa</title>
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          <isin value="IT0005466153"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Osino Resources Corp</name>
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        <title>Osino Resources Corp</title>
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          <isin value="CA68828L1004"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>ICOSAVAX INC</name>
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        <name>State Street Bank and Trust Company</name>
        <lei>571474TGEMMWANRLN572</lei>
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        <cusip>000000000</cusip>
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      <invstOrSec>
        <name>Southwestern Energy Co</name>
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        <title>Southwestern Energy Co</title>
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        <name>Gulf Coast Ultra Deep Royalty</name>
        <lei>549300LVVWU3NPP3DF95</lei>
        <title>Gulf Coast Ultra Deep Royalty Trust</title>
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          <isin value="US40222T1043"/>
          <ticker value="GULTU"/>
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        <name>ICC Holdings Inc</name>
        <lei>5493002VP3377Q6IKL47</lei>
        <title>ICC Holdings Inc</title>
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        <name>Capri Holdings Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

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        <name>Bel Fuse Inc</name>
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        <name>Nuvei Corp</name>
        <lei>894500ET22NO0AUZRG34</lei>
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        <name>Fox Corp</name>
        <lei>549300DDU6FDRBIELS05</lei>
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        <name>Whole Earth Brands Inc</name>
        <lei>254900OFCJ8P8RM9SL35</lei>
        <title>Whole Earth Brands Inc</title>
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        <name>Silk Road Medical Inc</name>
        <lei>549300VL8KC0ZPDQHE14</lei>
        <title>Silk Road Medical Inc</title>
        <cusip>82710M100</cusip>
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        <name>Koninklijke KPN NV</name>
        <lei>549300YO0JZHAL7FVP81</lei>
        <title>Koninklijke KPN NV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
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        <name>Juniper Networks Inc</name>
        <lei>AUHIXNGG7U2U7JEHM527</lei>
        <title>Juniper Networks Inc</title>
        <cusip>48203R104</cusip>
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          <ticker value="JNPR"/>
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        <curCd>USD</curCd>
        <valUSD>3646000.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <name>Iveco Group NV</name>
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        <invCountry>IT</invCountry>
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        <name>National Western Life Group In</name>
        <lei>549300HPXNVHFT1BJ192</lei>
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        <name>EQT Corp</name>
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        <name>Green Plains Inc</name>
        <lei>VJ5WLTHARBSDR14KIZ98</lei>
        <title>Green Plains Inc</title>
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        <name>Axonics Inc</name>
        <lei>549300LJY4X7N57VJL05</lei>
        <title>Axonics Inc</title>
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        <valUSD>1210140.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <name>Vericity Inc</name>
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        <name>DecisionPoint Systems Inc</name>
        <lei>549300XZNVHD0RE4XN43</lei>
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      <invstOrSec>
        <name>Abertis Infraestructuras SA</name>
        <lei>549300GKFVWI02JQ5332</lei>
        <title>Abertis Infraestructuras SA</title>
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        <invCountry>ES</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Steel Corp</name>
        <lei>JNLUVFYJT1OZSIQ24U47</lei>
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          <ticker value="X"/>
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        <valUSD>264600.00000000</valUSD>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Westrock Co</name>
        <lei>5493004Z9TCQW68YVL89</lei>
        <title>Westrock Co</title>
        <cusip>96145D105</cusip>
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          <ticker value="WRK"/>
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        <valUSD>2010400.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-08-28</ncom:dateSigned>
      <ncom:nameOfApplicant>GDL Fund</ncom:nameOfApplicant>
      <ncom:signature>John C. Ball</ncom:signature>
      <ncom:signerName>John C. Ball</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
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</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
