Special Opportunities Fund
SPE
30 hedge funds and large institutions have $74M invested in Special Opportunities Fund in 2014 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
11% more funds holding
Funds holding: 27 → 30 (+3)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
8% less capital invested
Capital invested by funds: $80.8M → $74M (-$6.77M)
15.2% less ownership
Funds ownership: 64.78% → 49.59% (-15%)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.65M |
| 2 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$1.2M |
| 3 |
BCM
Bares Capital Management
Austin,
Texas
|
+$860K |
| 4 |
IT
Independence Trust
Franklin,
Tennessee
|
+$674K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$408K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
-$4.06M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$737K |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
-$540K |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$202K |
| 5 |
Morgan Stanley
New York
|
-$131K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFA
26
Carroll Financial Associates
Charlotte,
North Carolina
| $18K | – | – | – |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $15K | – | – | – |
|
28
US Bancorp
Minneapolis,
Minnesota
| $12K | – | – | – |
|
29
Citigroup
New York
| $10K | – | – | – |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| $3K | +$3.29K | +209 | New |
|
|
PMFA
31
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$112K | -7,042 | Closed |
|
SPE Hedge Fund Activity: Q4 2014 in Review
30 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q4 2014, worth a combined $74M — down 8.4% from $80.8M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new SPE positions and 1 closed out — a net gain of 4 holders — while 6 added to existing stakes and 8 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $1.65M. The largest seller was Horizon Kinetics, cutting an estimated $4.06M.
- 30 institutional investors held Special Opportunities Fund (SPE) as of Q4 2014, up from 27 in Q3 2014.
- Funds reported $74M of Special Opportunities Fund stock for Q4 2014, down 8.4% quarter-over-quarter.
- 5 funds opened new Special Opportunities Fund positions in Q4 2014 and 1 closed out, a net change of +4 holders.
- The largest Special Opportunities Fund buyer in Q4 2014 was Sit Investment Associates, an estimated $1.65M added.
- The largest Special Opportunities Fund seller in Q4 2014 was Horizon Kinetics, an estimated $4.06M sold.
Based on aggregated 13F filings for Q4 2014.