Special Opportunities Fund
SPE
25 hedge funds and large institutions have $56.1M invested in Special Opportunities Fund in 2013 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 10 reducing their positions, and 4 closing their positions.
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
4% less capital invested
Capital invested by funds: $58.5M → $56.1M (-$2.39M)
3.46% less ownership
Funds ownership: 51.06% → 47.6% (-3.5%)
4% less funds holding
Funds holding: 26 → 25 (-1)
50% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 10
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$895K |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$709K |
| 3 |
B
Baird
Milwaukee,
Wisconsin
|
+$246K |
| 4 |
Morgan Stanley
New York
|
+$91.9K |
| 5 |
FANJ
Financial Architects (New Jersey)
Marlton,
New Jersey
|
+$53.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.87M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.25M |
| 3 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
-$272K |
| 4 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
-$242K |
| 5 |
JG
Jefferies Group
New York
|
-$184K |
SPE Hedge Fund Activity: Q4 2013 in Review
25 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q4 2013, worth a combined $56.1M — down 4.1% from $58.5M a quarter earlier.
Fund positioning in SPE was balanced in Q4 2013: 4 funds opened new positions, 4 closed out, 5 added to existing stakes and 10 trimmed.
The largest buyer was Commonwealth Equity Services, opening a new position worth an estimated $895K. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $1.87M sold.
- 25 institutional investors held Special Opportunities Fund (SPE) as of Q4 2013, down from 26 in Q3 2013.
- Funds reported $56.1M of Special Opportunities Fund stock for Q4 2013, down 4.1% quarter-over-quarter.
- 4 funds opened new Special Opportunities Fund positions in Q4 2013 and 4 closed out, a net change of 0 holders.
- The largest Special Opportunities Fund buyer in Q4 2013 was Commonwealth Equity Services, an estimated $895K added.
- The largest Special Opportunities Fund seller in Q4 2013 was Rivernorth Capital Management, an estimated $1.87M sold.
Based on aggregated 13F filings for Q4 2013.