Special Opportunities Fund
SPE
30 hedge funds and large institutions have $61.5M invested in Special Opportunities Fund in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
11% more funds holding
Funds holding: 27 → 30 (+3)
4% more capital invested
Capital invested by funds: $58.9M → $61.5M (+$2.64M)
0.22% more ownership
Funds ownership: 41.95% → 42.17% (+0.22%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.58M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$446K |
| 3 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$290K |
| 4 |
VF
Virtu Financial
New York
|
+$241K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$194K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.39M |
| 2 |
RVPG
Relative Value Partners Group
|
-$1.05M |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
-$209K |
| 4 |
HK
Horizon Kinetics
New York
|
-$136K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$127K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CPIG
26
Chicago Partners Investment Group
Chicago,
Illinois
| $31K | +$29.8K | +2,028 | New |
|
|
GRP
27
Global Retirement Partners
San Rafael,
California
| $27K | +$26.1K | +1,773 | New |
|
|
WAM
28
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| $23K | – | – | – |
|
29
Bank of America
Charlotte,
North Carolina
| $14K | -$23.9K | -1,627 | -64% |
|
|
FANJ
30
Financial Architects (New Jersey)
Marlton,
New Jersey
| $9K | – | – | – |
|
|
FFA
31
First Foundation Advisors
Irvine,
California
| – | -$209K | -14,377 | Closed |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| – | -$127K | -8,799 | Closed |
|
SPE Hedge Fund Activity: Q3 2017 in Review
30 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q3 2017, worth a combined $61.5M — up 4.5% from $58.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new SPE positions and 2 closed out — a net gain of 3 holders — while 11 added to existing stakes and 8 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $1.58M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.39M.
- 30 institutional investors held Special Opportunities Fund (SPE) as of Q3 2017, up from 27 in Q2 2017.
- Funds reported $61.5M of Special Opportunities Fund stock for Q3 2017, up 4.5% quarter-over-quarter.
- 5 funds opened new Special Opportunities Fund positions in Q3 2017 and 2 closed out, a net change of +3 holders.
- The largest Special Opportunities Fund buyer in Q3 2017 was Shaker Financial Services, an estimated $1.58M added.
- The largest Special Opportunities Fund seller in Q3 2017 was Rivernorth Capital Management, an estimated $1.39M sold.
Based on aggregated 13F filings for Q3 2017.