Special Opportunities Fund
SPE
27 hedge funds and large institutions have $66.5M invested in Special Opportunities Fund in 2015 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
4% more funds holding
Funds holding: 26 → 27 (+1)
2.18% less ownership
Funds ownership: 50.83% → 48.65% (-2.2%)
12% less capital invested
Capital invested by funds: $75.5M → $66.5M (-$9M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
55% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
+$208K |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$123K |
| 3 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$41.9K |
| 4 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$19.8K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$18.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.3M |
| 2 |
HK
Horizon Kinetics
New York
|
-$719K |
| 3 |
IT
Independence Trust
Franklin,
Tennessee
|
-$561K |
| 4 |
Morgan Stanley
New York
|
-$393K |
| 5 |
RVPG
Relative Value Partners Group
|
-$343K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $4K | -$8.61K | -611 | -65% |
|
27
Barclays
London,
United Kingdom
| $1K | +$1.48K | +105 | New |
|
|
NL
28
NWAM LLC
Mercer Island,
Washington
| – | -$266K | -17,796 | Closed |
|
|
FANJ
29
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$51K | -3,505 | Closed |
|
SPE Hedge Fund Activity: Q3 2015 in Review
27 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q3 2015, worth a combined $66.5M — down 12% from $75.5M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new SPE positions and 2 closed out — a net gain of 1 holder — while 5 added to existing stakes and 11 trimmed.
The largest buyer was Oxbow Advisors, opening a new position worth an estimated $208K. The largest seller was Shaker Financial Services, cutting an estimated $1.3M.
- 27 institutional investors held Special Opportunities Fund (SPE) as of Q3 2015, up from 26 in Q2 2015.
- Funds reported $66.5M of Special Opportunities Fund stock for Q3 2015, down 12% quarter-over-quarter.
- 3 funds opened new Special Opportunities Fund positions in Q3 2015 and 2 closed out, a net change of +1 holder.
- The largest Special Opportunities Fund buyer in Q3 2015 was Oxbow Advisors, an estimated $208K added.
- The largest Special Opportunities Fund seller in Q3 2015 was Shaker Financial Services, an estimated $1.3M sold.
Based on aggregated 13F filings for Q3 2015.