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SPE

Special Opportunities Fund
SPE

37 hedge funds and large institutions have $44.2M invested in Special Opportunities Fund in 2025 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 9

4% less capital invested

Capital invested by funds: $45.9M → $44.2M (-$1.7M)

1.92% less ownership

Funds ownership: 30.88% → 28.96% (-1.9%)

5% less funds holding

Funds holding: 39 → 37 (-2)

13% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 8

Holders
37
Holders Change
-2
Holders Change %
-5.13%
% of All Funds
0.5%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
11
Reduced
9
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$1.7M
2
GC
GatePass Capital
Ohio
+$530K
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$368K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$311K
5
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$297K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$1.5M
2
IAA
Independent Advisor Alliance
North Carolina
-$1.38M
3
SFS
Shaker Financial Services
Virginia
-$1.23M
4
CL
CSS LLC
Illinois
-$532K
5
JFG
Jefferies Financial Group
New York
-$439K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$208K +$2.6K +179 +1%
PP
27
Patron Partners
Texas
$208K – – –
KPF
28
K2 Principal Fund
Ontario, Canada
$178K +$28.5K +1,966 +19%
MCM
29
MAI Capital Management
Ohio
$56.4K – – –
NA
30
NewEdge Advisors
Louisiana
$32.5K – – –
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$32K – – –
WC
32
Winmill & Co
New York
$30K – – –
GGI
33
Godsey & Gibb Inc
Virginia
$17.4K – – –
EB
34
Eastern Bank
Massachusetts
$10.9K +$11K +761 New
SIS
35
Sound Income Strategies
Florida
$9.74K +$131 +9 +1%
CA
36
CoreCap Advisors
Michigan
$5.63K +$5.71K +393 New
CFO
37
CVA Family Office
Colorado
$586 – – –
IAA
38
Independent Advisor Alliance
North Carolina
– -$1.38M -98,765 Closed
JFG
39
Jefferies Financial Group
New York
– -$439K -31,414 Closed
CC
40
CF Capital
Massachusetts
– -$402K -28,787 Closed
AGM
41
Alpine Global Management
New York
– -$366K -26,170 Closed
BCA
42
Bay Colony Advisors
Massachusetts
– -$227K -16,269 Closed
AL
43
Aspiriant LLC
California
– -$194K -13,866 Closed
AIA
44
Absolute Investment Advisers
Florida
– -$154K -10,996 Closed
QL
45
Quarry LP
New York
– -$44.2K -3,164 Closed
1
2

SPE Hedge Fund Activity: Q1 2025 in Review

37 of the 7,461 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q1 2025, worth a combined $44.2M — down 3.7% from $45.9M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of SPE and 7 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 11 added.

The largest buyer was Advisors Asset Management, opening a new position worth an estimated $1.7M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.5M.

  • 37 institutional investors held Special Opportunities Fund (SPE) as of Q1 2025, down from 39 in Q4 2024.
  • Funds reported $44.2M of Special Opportunities Fund stock for Q1 2025, down 3.7% quarter-over-quarter.
  • 7 funds opened new Special Opportunities Fund positions in Q1 2025 and 8 closed out, a net change of -1 holder.
  • The largest Special Opportunities Fund buyer in Q1 2025 was Advisors Asset Management, an estimated $1.7M added.
  • The largest Special Opportunities Fund seller in Q1 2025 was Rivernorth Capital Management, an estimated $1.5M sold.

Based on aggregated 13F filings for Q1 2025.