Special Opportunities Fund
SPE
29 hedge funds and large institutions have $74.5M invested in Special Opportunities Fund in 2015 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 4 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
1% more capital invested
Capital invested by funds: $74M → $74.5M (+$531K)
3% less funds holding
Funds holding: 30 → 29 (-1)
4.03% less ownership
Funds ownership: 49.59% → 45.55% (-4%)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.75M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.75M |
| 3 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$420K |
| 4 |
Morgan Stanley
New York
|
+$220K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$79.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$5.15M |
| 2 |
HK
Horizon Kinetics
New York
|
-$2.52M |
| 3 |
BCM
Bares Capital Management
Austin,
Texas
|
-$1.92M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$381K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$175K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFA
26
Carroll Financial Associates
Charlotte,
North Carolina
| $19K | – | – | – |
|
27
US Bancorp
Minneapolis,
Minnesota
| $13K | +$1.11K | +76 | +9% |
|
28
Citigroup
New York
| $12K | +$2.45K | +168 | +25% |
|
29
Barclays
London,
United Kingdom
| $1K | +$1.44K | +99 | New |
|
|
BCM
30
Bares Capital Management
Austin,
Texas
| – | -$1.92M | -130,473 | Closed |
|
|
WAM
31
Weiss Asset Management
Boston,
Massachusetts
| – | -$381K | -25,942 | Closed |
|
|
VKH
32
Virtu KCG Holdings
New York
| – | -$175K | -11,920 | Closed |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| – | -$3K | -206 | -99% |
|
SPE Hedge Fund Activity: Q1 2015 in Review
29 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q1 2015, worth a combined $74.5M — up 0.72% from $74M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of SPE and 3 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 11 added.
The largest buyer was Sit Investment Associates, adding an estimated $1.75M. The largest seller was Ancora Advisors, exiting entirely with an estimated $5.15M sold.
- 29 institutional investors held Special Opportunities Fund (SPE) as of Q1 2015, down from 30 in Q4 2014.
- Funds reported $74.5M of Special Opportunities Fund stock for Q1 2015, up 0.72% quarter-over-quarter.
- 3 funds opened new Special Opportunities Fund positions in Q1 2015 and 4 closed out, a net change of -1 holder.
- The largest Special Opportunities Fund buyer in Q1 2015 was Sit Investment Associates, an estimated $1.75M added.
- The largest Special Opportunities Fund seller in Q1 2015 was Ancora Advisors, an estimated $5.15M sold.
Based on aggregated 13F filings for Q1 2015.