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SPE

Special Opportunities Fund
SPE

35 hedge funds and large institutions have $59M invested in Special Opportunities Fund in 2021 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 5 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

180% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 5

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

10% more capital invested

Capital invested by funds: $53.8M → $59M (+$5.14M)

2.45% more ownership

Funds ownership: 47.1% → 49.55% (+2.4%)

3% less funds holding

Funds holding: 36 → 35 (-1)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Holders
35
Holders Change
-1
Holders Change %
-2.78%
% of All Funds
0.61%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
6
Increased
14
Reduced
5
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$2.42M
2
SFS
Shaker Financial Services
Virginia
+$1.76M
3
SCM
Saba Capital Management
New York
+$1.05M
4
LCM
Landscape Capital Management
New Jersey
+$932K
5
EP
EPIQ Partners
Minnesota
+$421K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$2.75M
2
RVPG
Relative Value Partners Group
-$1.11M
3
BBPWM
Blue Bell Private Wealth Management
Pennsylvania
-$440K
4
PAG
Private Advisor Group
New Jersey
-$428K
5
NL
NWAM LLC
Washington
-$245K
Name Holding Trade Value Shares
Change 		Change in
Stake
WWMSC
26
Wagner Wealth Management (South Carolina)
South Carolina
$36K +$35.6K +2,554 New
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$32K – – –
CCC
28
Crescent Capital Consulting
Louisiana
$15K – – –
JFA
29
JNBA Financial Advisors
Minnesota
$15K +$278 +20 +2%
Bank of America
30
Bank of America
North Carolina
$13K +$5.35K +384 +69%
Carson Wealth (CWM LLC)
31
Carson Wealth (CWM LLC)
Nebraska
$6K – – –
WC
32
Winmill & Co
New York
$4K – – –
SWM
33
Spire Wealth Management
Virginia
$4K +$4.46K +320 New
TFM
34
TFC Financial Management
Massachusetts
$2K – – –
PAG
35
Private Advisor Group
New Jersey
– -$428K -31,852 Closed
NL
36
NWAM LLC
Washington
– -$245K -18,182 Closed
Millennium Management
37
Millennium Management
New York
– -$163K -12,091 Closed
ASN
38
Advisory Services Network
Georgia
– -$67K -4,980 Closed
US Bancorp
39
US Bancorp
Minnesota
– -$3K -242 Closed
CFO
40
CVA Family Office
Colorado
– +$209 +15 +94%
1
2

SPE Hedge Fund Activity: Q1 2021 in Review

35 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q1 2021, worth a combined $59M — up 9.5% from $53.8M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of SPE and 6 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 14 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $2.42M. The largest seller was Sit Investment Associates, cutting an estimated $2.75M.

  • 35 institutional investors held Special Opportunities Fund (SPE) as of Q1 2021, down from 36 in Q4 2020.
  • Funds reported $59M of Special Opportunities Fund stock for Q1 2021, up 9.5% quarter-over-quarter.
  • 6 funds opened new Special Opportunities Fund positions in Q1 2021 and 7 closed out, a net change of -1 holder.
  • The largest Special Opportunities Fund buyer in Q1 2021 was Rivernorth Capital Management, an estimated $2.42M added.
  • The largest Special Opportunities Fund seller in Q1 2021 was Sit Investment Associates, an estimated $2.75M sold.

Based on aggregated 13F filings for Q1 2021.