Special Opportunities Fund
SPE
29 hedge funds and large institutions have $64.2M invested in Special Opportunities Fund in 2016 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 11 reducing their positions, and 3 closing their positions.
11% more capital invested
Capital invested by funds: $58M → $64.2M (+$6.16M)
2.22% more ownership
Funds ownership: 43.5% → 45.72% (+2.2%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less funds holding
Funds holding: 31 → 29 (-2)
27% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 11
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$1.13M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$750K |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
+$193K |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$83.3K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$48.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$714K |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$454K |
| 3 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
-$321K |
| 4 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$239K |
| 5 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$97.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
26
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| $26K | – | – | – |
|
|
FANJ
27
Financial Architects (New Jersey)
Marlton,
New Jersey
| $20K | -$19.3K | -1,397 | -50% |
|
28
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| $16K | – | – | – |
|
29
Citigroup
New York
| $12K | -$91.5K | -6,620 | -89% |
|
|
NL
30
NWAM LLC
Mercer Island,
Washington
| – | -$239K | -18,182 | Closed |
|
|
ACM
31
Advent Capital Management
New York
| – | -$69K | -5,234 | Closed |
|
|
SCM
32
Southport Capital Management
Chattanooga,
Tennessee
| – | -$37K | -2,846 | Closed |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| – | +$83 | +6 | New |
|
SPE Hedge Fund Activity: Q3 2016 in Review
29 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q3 2016, worth a combined $64.2M — up 11% from $58M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of SPE and 1 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 8 added.
The largest buyer was Relative Value Partners Group, adding an estimated $1.13M. The largest seller was Morgan Stanley, cutting an estimated $714K.
- 29 institutional investors held Special Opportunities Fund (SPE) as of Q3 2016, down from 31 in Q2 2016.
- Funds reported $64.2M of Special Opportunities Fund stock for Q3 2016, up 11% quarter-over-quarter.
- 1 fund opened new Special Opportunities Fund positions in Q3 2016 and 3 closed out, a net change of -2 holders.
- The largest Special Opportunities Fund buyer in Q3 2016 was Relative Value Partners Group, an estimated $1.13M added.
- The largest Special Opportunities Fund seller in Q3 2016 was Morgan Stanley, an estimated $714K sold.
Based on aggregated 13F filings for Q3 2016.