Special Opportunities Fund
SPE
30 hedge funds and large institutions have $60.2M invested in Special Opportunities Fund in 2015 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
11% more funds holding
Funds holding: 27 → 30 (+3)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.62% less ownership
Funds ownership: 48.65% → 47.03% (-1.6%)
9% less capital invested
Capital invested by funds: $66.5M → $60.2M (-$6.26M)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.3M |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$854K |
| 3 |
BFM
Boothbay Fund Management
New York
|
+$265K |
| 4 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$247K |
| 5 |
LPL Financial
San Diego,
California
|
+$175K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$1.79M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.33M |
| 3 |
HK
Horizon Kinetics
New York
|
-$765K |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$620K |
| 5 |
IT
Independence Trust
Franklin,
Tennessee
|
-$533K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| $25K | – | – | – |
|
|
WAM
27
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| $23K | +$25K | +1,841 | New |
|
28
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| $21K | – | – | – |
|
29
Creative Planning
Overland Park,
Kansas
| $12K | +$13.4K | +989 | New |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| $4K | +$3.77K | +278 | New |
|
|
IT
31
Independence Trust
Franklin,
Tennessee
| – | -$533K | -39,635 | Closed |
|
|
OA
32
Oxbow Advisors
Austin,
Texas
| – | -$198K | -14,768 | Closed |
|
33
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$58K | -4,336 | Closed |
|
34
US Bancorp
Minneapolis,
Minnesota
| – | -$57K | -4,231 | Closed |
|
35
Citigroup
New York
| – | -$4K | -325 | Closed |
|
36
Barclays
London,
United Kingdom
| – | -$1K | -105 | Closed |
|
SPE Hedge Fund Activity: Q4 2015 in Review
30 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q4 2015, worth a combined $60.2M — down 9.4% from $66.5M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new SPE positions and 6 closed out — a net gain of 3 holders — while 7 added to existing stakes and 9 trimmed.
The largest buyer was Thomas J. Herzfeld Advisors, opening a new position worth an estimated $1.3M. The largest seller was Relative Value Partners Group, cutting an estimated $1.79M.
- 30 institutional investors held Special Opportunities Fund (SPE) as of Q4 2015, up from 27 in Q3 2015.
- Funds reported $60.2M of Special Opportunities Fund stock for Q4 2015, down 9.4% quarter-over-quarter.
- 9 funds opened new Special Opportunities Fund positions in Q4 2015 and 6 closed out, a net change of +3 holders.
- The largest Special Opportunities Fund buyer in Q4 2015 was Thomas J. Herzfeld Advisors, an estimated $1.3M added.
- The largest Special Opportunities Fund seller in Q4 2015 was Relative Value Partners Group, an estimated $1.79M sold.
Based on aggregated 13F filings for Q4 2015.