Special Opportunities Fund
SPE
43 hedge funds and large institutions have $42.8M invested in Special Opportunities Fund in 2026 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 29 increasing their positions, 9 reducing their positions, and 4 closing their positions.
222% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 9
0.9% more ownership
Funds ownership: 28.37% → 29.26% (+0.9%)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
4% less capital invested
Capital invested by funds: $44.6M → $42.8M (-$1.8M)
2% less funds holding
Funds holding: 44 → 43 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.78M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.38M |
| 3 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$310K |
| 4 |
Morgan Stanley
New York
|
+$254K |
| 5 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$234K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SMA
Seven Mile Advisory
Ewing,
New Jersey
|
-$1.59M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$363K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$313K |
| 4 |
GC
GatePass Capital
Independence,
Ohio
|
-$276K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$265K |
SPE Hedge Fund Activity: Q1 2026 in Review
43 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q1 2026, worth a combined $42.8M — down 4% from $44.6M a quarter earlier.
Fund positioning in SPE was balanced in Q1 2026: 4 funds opened new positions, 4 closed out, 29 added to existing stakes and 9 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $1.78M. The largest seller was Seven Mile Advisory, exiting entirely with an estimated $1.59M sold.
- 43 institutional investors held Special Opportunities Fund (SPE) as of Q1 2026, down from 44 in Q4 2025.
- Funds reported $42.8M of Special Opportunities Fund stock for Q1 2026, down 4% quarter-over-quarter.
- 4 funds opened new Special Opportunities Fund positions in Q1 2026 and 4 closed out, a net change of 0 holders.
- The largest Special Opportunities Fund buyer in Q1 2026 was Shaker Financial Services, an estimated $1.78M added.
- The largest Special Opportunities Fund seller in Q1 2026 was Seven Mile Advisory, an estimated $1.59M sold.
Based on aggregated 13F filings for Q1 2026.