Special Opportunities Fund
SPE
45 hedge funds and large institutions have $43.5M invested in Special Opportunities Fund in 2026 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
5% more funds holding
Funds holding: 43 → 45 (+2)
1.15% more ownership
Funds ownership: 29.26% → 30.42% (+1.2%)
2% more capital invested
Capital invested by funds: $42.8M → $43.5M (+$751K)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$4.1M |
| 2 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$868K |
| 3 |
PCM
Permanent Capital Management
Chicago,
Illinois
|
+$309K |
| 4 |
LIM
Leavell Investment Management
Mobile,
Alabama
|
+$235K |
| 5 |
OC
Oppenheimer & Co
New York
|
+$211K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$1.26M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.13M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$905K |
| 4 |
GC
GatePass Capital
Independence,
Ohio
|
-$776K |
| 5 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$292K |
SPE Hedge Fund Activity: Q2 2026 in Review
45 of the 8,317 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q2 2026, worth a combined $43.5M — up 1.8% from $42.8M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SPE positions and 5 closed out — a net gain of 2 holders — while 13 added to existing stakes and 13 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $4.1M. The largest seller was Focus Partners Wealth, cutting an estimated $1.26M.
- 45 institutional investors held Special Opportunities Fund (SPE) as of Q2 2026, up from 43 in Q1 2026.
- Funds reported $43.5M of Special Opportunities Fund stock for Q2 2026, up 1.8% quarter-over-quarter.
- 7 funds opened new Special Opportunities Fund positions in Q2 2026 and 5 closed out, a net change of +2 holders.
- The largest Special Opportunities Fund buyer in Q2 2026 was Shaker Financial Services, an estimated $4.1M added.
- The largest Special Opportunities Fund seller in Q2 2026 was Focus Partners Wealth, an estimated $1.26M sold.
Based on aggregated 13F filings for Q2 2026.