Special Opportunities Fund
SPE
26 hedge funds and large institutions have $58.5M invested in Special Opportunities Fund in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
8% more funds holding
Funds holding: 24 → 26 (+2)
6% more capital invested
Capital invested by funds: $55.2M → $58.5M (+$3.33M)
0.97% more ownership
Funds ownership: 50.09% → 51.06% (+0.97%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$1.68M |
| 2 |
JG
Jefferies Group
New York
|
+$522K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$499K |
| 4 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$39.2K |
| 5 |
WI
Western Investment
Salt Lake City,
Utah
|
+$29.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$958K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$311K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$291K |
| 4 |
Morgan Stanley
New York
|
-$63.1K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$34.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AAM
26
Advisors Asset Management
Monument,
Colorado
| – | -$311K | -19,259 | Closed |
|
|
MA
27
MUFG Americas
New York
| – | -$10K | -648 | Closed |
|
28
Ameriprise
Minneapolis,
Minnesota
| – | +$17 | +1 | New |
|
SPE Hedge Fund Activity: Q3 2013 in Review
26 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q3 2013, worth a combined $58.5M — up 6% from $55.2M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new SPE positions and 2 closed out — a net gain of 2 holders — while 7 added to existing stakes and 6 trimmed.
The largest buyer was Relative Value Partners, adding an estimated $1.68M. The largest seller was Rivernorth Capital Management, cutting an estimated $958K.
- 26 institutional investors held Special Opportunities Fund (SPE) as of Q3 2013, up from 24 in Q2 2013.
- Funds reported $58.5M of Special Opportunities Fund stock for Q3 2013, up 6% quarter-over-quarter.
- 4 funds opened new Special Opportunities Fund positions in Q3 2013 and 2 closed out, a net change of +2 holders.
- The largest Special Opportunities Fund buyer in Q3 2013 was Relative Value Partners, an estimated $1.68M added.
- The largest Special Opportunities Fund seller in Q3 2013 was Rivernorth Capital Management, an estimated $958K sold.
Based on aggregated 13F filings for Q3 2013.