Special Opportunities Fund
SPE
36 hedge funds and large institutions have $45.7M invested in Special Opportunities Fund in 2025 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 13 increasing their positions, 7 reducing their positions, and 3 closing their positions.
86% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 7
3% more capital invested
Capital invested by funds: $44.2M → $45.7M (+$1.49M)
1.36% less ownership
Funds ownership: 28.96% → 27.6% (-1.4%)
3% less funds holding
Funds holding: 37 → 36 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.81M |
| 2 |
SC
Scotia Capital
Toronto,
Ontario, Canada
|
+$96.7K |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$56.4K |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$44.4K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$34K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$860K |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
-$733K |
| 3 |
Morgan Stanley
New York
|
-$678K |
| 4 |
GC
GatePass Capital
Independence,
Ohio
|
-$381K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$308K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LNWWM
26
Laird Norton Wetherby Wealth Management
San Francisco,
California
| $196K | +$187K | +13,228 | New |
|
27
UBS Group
Zurich,
Switzerland
| $98.6K | -$121K | -8,552 | -56% |
|
|
MCM
28
MAI Capital Management
Independence,
Ohio
| $58.1K | – | – | – |
|
|
GRP
29
Global Retirement Partners
San Rafael,
California
| $50.2K | +$48K | +3,393 | New |
|
|
NA
30
NewEdge Advisors
New Orleans,
Louisiana
| $33.5K | – | – | – |
|
31
Royal Bank of Canada
Toronto,
Ontario, Canada
| $33K | – | – | – |
|
|
WC
32
Winmill & Co
Rochester,
New York
| $31K | – | – | – |
|
|
GGI
33
Godsey & Gibb Inc
Richmond,
Virginia
| $17.9K | – | – | – |
|
|
EB
34
Eastern Bank
Boston,
Massachusetts
| $11.3K | – | – | – |
|
|
SIS
35
Sound Income Strategies
Ft Lauderdale,
Florida
| $10.3K | +$226 | +16 | +2% |
|
|
CFO
36
CVA Family Office
Denver,
Colorado
| $604 | – | – | – |
|
|
37
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$308K | -21,445 | Closed |
|
|
KPF
38
K2 Principal Fund
Toronto,
Ontario, Canada
| – | -$178K | -12,434 | Closed |
|
|
CA
39
CoreCap Advisors
Southfield,
Michigan
| – | -$5.63K | -393 | Closed |
|
SPE Hedge Fund Activity: Q2 2025 in Review
36 of the 7,598 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q2 2025, worth a combined $45.7M — up 3.4% from $44.2M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of SPE and 2 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 13 added.
The largest buyer was Shaker Financial Services, adding an estimated $2.81M. The largest seller was Kovitz Investment Group Partners, cutting an estimated $860K.
- 36 institutional investors held Special Opportunities Fund (SPE) as of Q2 2025, down from 37 in Q1 2025.
- Funds reported $45.7M of Special Opportunities Fund stock for Q2 2025, up 3.4% quarter-over-quarter.
- 2 funds opened new Special Opportunities Fund positions in Q2 2025 and 3 closed out, a net change of -1 holder.
- The largest Special Opportunities Fund buyer in Q2 2025 was Shaker Financial Services, an estimated $2.81M added.
- The largest Special Opportunities Fund seller in Q2 2025 was Kovitz Investment Group Partners, an estimated $860K sold.
Based on aggregated 13F filings for Q2 2025.