Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B
SPE.PRB
SPE.PRB was delisted on the 6th of July, 2021.
4 hedge funds and large institutions have $7.87M invested in Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B in 2016 Q4 according to their latest regulatory filings, with 0 funds opening new positions, increasing their positions, 4 reducing their positions, and 6 closing their positions.
60% less funds holding
Funds holding: 10 → 4 (-6)
80% less capital invested
Capital invested by funds: $39.1M → $7.87M (-$31.2M)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 6
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 4
Top Buyers
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$26M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.46M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.3M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$599K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$411K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCM
1
Rivernorth Capital Management
West Palm Beach,
Florida
| $4.86M | -$411K | -16,150 | -8% |
|
|
BBPWM
2
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $2.34M | -$46.3K | -1,818 | -2% |
|
|
FIMG
3
Financial & Investment Management Group
Traverse City,
Michigan
| $557K | -$5.58K | -219 | -1% |
|
|
TJHA
4
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $119K | -$599K | -23,519 | -83% |
|
|
RVPG
5
Relative Value Partners Group
| – | -$26M | -1,006,897 | Closed |
|
|
6
UBS Group
Zurich,
Switzerland
| – | -$2.46M | -95,316 | Closed |
|
|
SFS
7
Shaker Financial Services
Arlington,
Virginia
| – | -$1.3M | -50,464 | Closed |
|
|
CL
8
CSS LLC
Chicago,
Illinois
| – | -$161K | -6,258 | Closed |
|
9
Wells Fargo
San Francisco,
California
| – | -$117K | -4,515 | Closed |
|
10
Morgan Stanley
New York
| – | -$5K | -212 | Closed |
|
SPE.PRB Hedge Fund Activity: Q4 2016 in Review
4 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B (SPE.PRB) for Q4 2016, worth a combined $7.87M — down 80% from $39.1M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of SPE.PRB and 0 opened new positions — a net loss of 6 holders — while 4 trimmed existing stakes and 0 added.
The largest seller was Relative Value Partners Group, exiting entirely with an estimated $26M sold.
- 4 institutional investors held Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B (SPE.PRB) as of Q4 2016, down from 10 in Q3 2016.
- Funds reported $7.87M of Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B stock for Q4 2016, down 80% quarter-over-quarter.
- 0 funds opened new Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B positions in Q4 2016 and 6 closed out, a net change of -6 holders.
- The largest Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B seller in Q4 2016 was Relative Value Partners Group, an estimated $26M sold.
Based on aggregated 13F filings for Q4 2016.