Special Opportunities Fund
SPE
28 hedge funds and large institutions have $60.2M invested in Special Opportunities Fund in 2018 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 7 increasing their positions, 8 reducing their positions, and 3 closing their positions.
2% more capital invested
Capital invested by funds: $59.2M → $60.2M (+$998K)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.08% less ownership
Funds ownership: 49.4% → 49.32% (-0.08%)
7% less funds holding
Funds holding: 30 → 28 (-2)
13% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 8
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.58M |
| 2 |
Walleye Trading
New York
|
+$631K |
| 3 |
RVPG
Relative Value Partners Group
|
+$106K |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
+$66.2K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$48.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$775K |
| 2 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$660K |
| 3 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
-$474K |
| 4 |
HK
Horizon Kinetics
New York
|
-$272K |
| 5 |
LCM
Laurion Capital Management
New York
|
-$176K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
26
Tower Research Capital (TRC)
New York
| $9K | +$9.28K | +646 | New |
|
27
Bank of America
Charlotte,
North Carolina
| $8K | – | – | – |
|
|
IA
28
IFP Advisors
Tampa,
Florida
| $8K | – | – | – |
|
|
HK
29
Horizon Kinetics
New York
| – | -$272K | -19,318 | Closed |
|
|
LCM
30
Laurion Capital Management
New York
| – | -$176K | -12,506 | Closed |
|
|
WAM
31
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | -$11K | -765 | Closed |
|
SPE Hedge Fund Activity: Q2 2018 in Review
28 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q2 2018, worth a combined $60.2M — up 1.7% from $59.2M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of SPE and 1 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 7 added.
The largest buyer was Sit Investment Associates, adding an estimated $1.58M. The largest seller was Rivernorth Capital Management, cutting an estimated $775K.
- 28 institutional investors held Special Opportunities Fund (SPE) as of Q2 2018, down from 30 in Q1 2018.
- Funds reported $60.2M of Special Opportunities Fund stock for Q2 2018, up 1.7% quarter-over-quarter.
- 1 fund opened new Special Opportunities Fund positions in Q2 2018 and 3 closed out, a net change of -2 holders.
- The largest Special Opportunities Fund buyer in Q2 2018 was Sit Investment Associates, an estimated $1.58M added.
- The largest Special Opportunities Fund seller in Q2 2018 was Rivernorth Capital Management, an estimated $775K sold.
Based on aggregated 13F filings for Q2 2018.