Special Opportunities Fund
SPE
31 hedge funds and large institutions have $58M invested in Special Opportunities Fund in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 12 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
7% more funds holding
Funds holding: 29 → 31 (+2)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% less capital invested
Capital invested by funds: $58.3M → $58M (-$272K)
2.24% less ownership
Funds ownership: 45.74% → 43.5% (-2.2%)
58% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$265K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$258K |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
+$226K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$171K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$108K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$3.15M |
| 2 |
HK
Horizon Kinetics
New York
|
-$500K |
| 3 |
LPL Financial
San Diego,
California
|
-$181K |
| 4 |
Morgan Stanley
New York
|
-$75.4K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$51.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCM
26
Southport Capital Management
Chattanooga,
Tennessee
| $37K | +$36.6K | +2,846 | New |
|
|
FANJ
27
Financial Architects (New Jersey)
Marlton,
New Jersey
| $36K | – | – | – |
|
|
CPIG
28
Chicago Partners Investment Group
Chicago,
Illinois
| $32K | – | – | – |
|
|
WAM
29
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| $24K | – | – | – |
|
30
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| $16K | – | – | – |
|
|
AG
31
Advisor Group
Phoenix,
Arizona
| $2K | +$2.69K | +209 | New |
|
|
32
LPL Financial
San Diego,
California
| – | -$181K | -14,521 | Closed |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| – | -$1K | -105 | Closed |
|
SPE Hedge Fund Activity: Q2 2016 in Review
31 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q2 2016, worth a combined $58M — down 0.47% from $58.3M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new SPE positions and 3 closed out — a net gain of 2 holders — while 5 added to existing stakes and 12 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $265K. The largest seller was Relative Value Partners Group, cutting an estimated $3.15M.
- 31 institutional investors held Special Opportunities Fund (SPE) as of Q2 2016, up from 29 in Q1 2016.
- Funds reported $58M of Special Opportunities Fund stock for Q2 2016, down 0.47% quarter-over-quarter.
- 5 funds opened new Special Opportunities Fund positions in Q2 2016 and 3 closed out, a net change of +2 holders.
- The largest Special Opportunities Fund buyer in Q2 2016 was Sit Investment Associates, an estimated $265K added.
- The largest Special Opportunities Fund seller in Q2 2016 was Relative Value Partners Group, an estimated $3.15M sold.
Based on aggregated 13F filings for Q2 2016.