Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B
SPE.PRB
SPE.PRB was delisted on the 6th of July, 2021.
10 hedge funds and large institutions have $38.9M invested in Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, increasing their positions, 3 reducing their positions, and 0 closing their positions.
394% more capital invested
Capital invested by funds: $7.87M → $38.9M (+$31M)
150% more funds holding
Funds holding: 4 → 10 (+6)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$26.9M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.51M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$934K |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
+$747K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$116K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
-$19.9K |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$12K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$7.73K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RVPG
1
Relative Value Partners Group
| $26.8M | +$26.9M | +1,051,567 | New |
|
|
RCM
2
Rivernorth Capital Management
West Palm Beach,
Florida
| $4.87M | – | – | – |
|
|
3
UBS Group
Zurich,
Switzerland
| $2.48M | +$2.51M | +98,089 | New |
|
|
BBPWM
4
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $2.31M | -$19.9K | -778 | -0.8% |
|
|
SFS
5
Shaker Financial Services
Arlington,
Virginia
| $929K | +$934K | +36,515 | New |
|
|
CL
6
CSS LLC
Chicago,
Illinois
| $746K | +$747K | +29,212 | New |
|
|
FIMG
7
Financial & Investment Management Group
Traverse City,
Michigan
| $543K | -$12K | -469 | -2% |
|
|
8
Wells Fargo
San Francisco,
California
| $114K | +$116K | +4,515 | New |
|
|
TJHA
9
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $112K | -$7.73K | -302 | -6% |
|
|
WAM
10
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| $14K | – | – | – |
|
11
Morgan Stanley
New York
| $5K | +$5.42K | +212 | New |
|
SPE.PRB Hedge Fund Activity: Q1 2017 in Review
10 of the 4,017 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 Q1 2017, worth a combined $38.9M — up 394% from $7.87M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new SPE.PRB positions and 0 closed out — a net gain of 6 holders — while 0 added to existing stakes and 3 trimmed.
The largest buyer was Relative Value Partners Group, opening a new position worth an estimated $26.9M. The largest seller was Blue Bell Private Wealth Management, cutting an estimated $19.9K.
- 10 institutional investors held Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B (SPE.PRB) as of Q1 2017, up from 4 in Q4 2016.
- Funds reported $38.9M of Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B stock for Q1 2017, up 394% quarter-over-quarter.
- 6 funds opened new Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B positions in Q1 2017 and 0 closed out, a net change of +6 holders.
- The largest Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B buyer in Q1 2017 was Relative Value Partners Group, an estimated $26.9M added.
- The largest Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B seller in Q1 2017 was Blue Bell Private Wealth Management, an estimated $19.9K sold.
Based on aggregated 13F filings for Q1 2017.