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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.42M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.76M |
| 3 |
SCM
Saba Capital Management
New York
|
+$1.05M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$932K |
| 5 |
EP
EPIQ Partners
Minneapolis,
Minnesota
|
+$421K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.75M |
| 2 |
RVPG
Relative Value Partners Group
|
-$1.11M |
| 3 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
-$440K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$428K |
| 5 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$245K |
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.