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 $37.5M invested in Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B in 2020 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 3 reducing their positions, and 2 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 3
4% more capital invested
Capital invested by funds: $35.9M → $37.5M (+$1.58M)
9% less funds holding
Funds holding: 11 → 10 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$546K |
| 2 |
KWA
KCS Wealth Advisory
Los Angeles,
California
|
+$269K |
| 3 |
EP
EPIQ Partners
Minneapolis,
Minnesota
|
+$207K |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
+$102K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$13.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$736K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$250K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$20.8K |
| 4 |
WAP
Wealthcare Advisory Partners
West Chester,
Pennsylvania
|
-$6K |
| 5 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
-$2.77K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RVPG
1
Relative Value Partners Group
| $25.8M | +$546K | +21,830 | +2% |
|
|
RCM
2
Rivernorth Capital Management
West Palm Beach,
Florida
| $4.07M | -$736K | -29,427 | -15% |
|
|
EP
3
EPIQ Partners
Minneapolis,
Minnesota
| $2.28M | +$207K | +8,300 | +10% |
|
|
BBPWM
4
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $2M | -$2.77K | -111 | -0.1% |
|
|
CL
5
CSS LLC
Chicago,
Illinois
| $1.68M | +$102K | +4,100 | +7% |
|
6
UBS Group
Zurich,
Switzerland
| $752K | +$11.5K | +460 | +2% |
|
|
SFS
7
Shaker Financial Services
Arlington,
Virginia
| $568K | -$20.8K | -832 | -4% |
|
|
KWA
8
KCS Wealth Advisory
Los Angeles,
California
| $271K | +$269K | +10,761 | New |
|
|
9
Wells Fargo
San Francisco,
California
| $126K | +$13.2K | +530 | +12% |
|
10
Morgan Stanley
New York
| $5K | – | – | – |
|
|
11
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$250K | -10,353 | Closed |
|
|
WAP
12
Wealthcare Advisory Partners
West Chester,
Pennsylvania
| – | -$6K | -250 | Closed |
|
SPE.PRB Hedge Fund Activity: Q2 2020 in Review
10 of the 4,877 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 Q2 2020, worth a combined $37.5M — up 4.4% from $35.9M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of SPE.PRB and 1 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 5 added.
The largest buyer was Relative Value Partners Group, adding an estimated $546K. The largest seller was Rivernorth Capital Management, cutting an estimated $736K.
- 10 institutional investors held Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B (SPE.PRB) as of Q2 2020, down from 11 in Q1 2020.
- Funds reported $37.5M of Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B stock for Q2 2020, up 4.4% quarter-over-quarter.
- 1 fund opened new Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B positions in Q2 2020 and 2 closed out, a net change of -1 holder.
- The largest Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B buyer in Q2 2020 was Relative Value Partners Group, an estimated $546K added.
- The largest Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B seller in Q2 2020 was Rivernorth Capital Management, an estimated $736K sold.
Based on aggregated 13F filings for Q2 2020.