Special Opportunities Fund
SPE
27 hedge funds and large institutions have $79.4M invested in Special Opportunities Fund in 2014 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 5 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
3% more capital invested
Capital invested by funds: $77M → $79.4M (+$2.37M)
0.19% more ownership
Funds ownership: 63.39% → 63.58% (+0.19%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
10% less funds holding
Funds holding: 30 → 27 (-3)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$2.25M |
| 2 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$1.79M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.66M |
| 4 |
HK
Horizon Kinetics
New York
|
+$371K |
| 5 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$363K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.56M |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
-$801K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$529K |
| 4 |
KFS
KMS Financial Services
Seattle,
Washington
|
-$266K |
| 5 |
TAM
Telluride Asset Management
Wayzata,
Minnesota
|
-$217K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
US Bancorp
Minneapolis,
Minnesota
| $13K | – | – | – |
|
|
GSC
27
Ground Swell Capital
Folly Beach,
South Carolina
| $3K | +$2.72K | +174 | New |
|
|
KIM
28
Karpus Investment Management
Pittsford,
New York
| – | -$4.56M | -293,494 | Closed |
|
|
VKH
29
Virtu KCG Holdings
New York
| – | -$529K | -34,073 | Closed |
|
|
KFS
30
KMS Financial Services
Seattle,
Washington
| – | -$266K | -17,157 | Closed |
|
|
TAM
31
Telluride Asset Management
Wayzata,
Minnesota
| – | -$217K | -13,962 | Closed |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| – | -$7K | -440 | Closed |
|
SPE Hedge Fund Activity: Q2 2014 in Review
27 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q2 2014, worth a combined $79.4M — up 3.1% from $77M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SPE and 2 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 9 added.
The largest buyer was Relative Value Partners, adding an estimated $2.25M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $4.56M sold.
- 27 institutional investors held Special Opportunities Fund (SPE) as of Q2 2014, down from 30 in Q1 2014.
- Funds reported $79.4M of Special Opportunities Fund stock for Q2 2014, up 3.1% quarter-over-quarter.
- 2 funds opened new Special Opportunities Fund positions in Q2 2014 and 5 closed out, a net change of -3 holders.
- The largest Special Opportunities Fund buyer in Q2 2014 was Relative Value Partners, an estimated $2.25M added.
- The largest Special Opportunities Fund seller in Q2 2014 was Karpus Investment Management, an estimated $4.56M sold.
Based on aggregated 13F filings for Q2 2014.