Special Opportunities Fund
SPE
27 hedge funds and large institutions have $80.8M invested in Special Opportunities Fund in 2014 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 3 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
1.2% more ownership
Funds ownership: 63.58% → 64.78% (+1.2%)
2% more capital invested
Capital invested by funds: $79.4M → $80.8M (+$1.36M)
0% more funds holding
Funds holding: 27 → 27 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bares Capital Management
Austin,
Texas
|
+$1.22M |
| 2 |
HK
Horizon Kinetics
New York
|
+$721K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$386K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$373K |
| 5 |
Morgan Stanley
New York
|
+$241K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CL
CSS LLC
Chicago,
Illinois
|
-$848K |
| 2 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
-$320K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$190K |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$119K |
| 5 |
PCM
Prelude Capital Management
New York
|
-$60K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
US Bancorp
Minneapolis,
Minnesota
| $13K | – | – | – |
|
27
Citigroup
New York
| $11K | +$10.7K | +663 | New |
|
|
TJHA
28
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$190K | -11,920 | Closed |
|
|
PCM
29
Prelude Capital Management
New York
| – | -$60K | -3,737 | Closed |
|
|
GSC
30
Ground Swell Capital
Folly Beach,
South Carolina
| – | -$3K | -174 | Closed |
|
SPE Hedge Fund Activity: Q3 2014 in Review
27 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q3 2014, worth a combined $80.8M — up 1.7% from $79.4M a quarter earlier.
Fund positioning in SPE was balanced in Q3 2014: 3 funds opened new positions, 3 closed out, 9 added to existing stakes and 7 trimmed.
The largest buyer was Bares Capital Management, opening a new position worth an estimated $1.22M. The largest seller was CSS LLC, cutting an estimated $848K.
- 27 institutional investors held Special Opportunities Fund (SPE) as of Q3 2014, unchanged from Q2 2014.
- Funds reported $80.8M of Special Opportunities Fund stock for Q3 2014, up 1.7% quarter-over-quarter.
- 3 funds opened new Special Opportunities Fund positions in Q3 2014 and 3 closed out, a net change of 0 holders.
- The largest Special Opportunities Fund buyer in Q3 2014 was Bares Capital Management, an estimated $1.22M added.
- The largest Special Opportunities Fund seller in Q3 2014 was CSS LLC, an estimated $848K sold.
Based on aggregated 13F filings for Q3 2014.