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SPE

Special Opportunities Fund

38 hedge funds and large institutions have $99.9M invested in Special Opportunities Fund in 2021 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 8 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 8

17% more capital invested

Capital invested by funds: $85.5M → $99.9M (+$14.5M)

10.69% more ownership

Funds ownership: 69.38%80.07% (+11%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

10% less funds holding

Funds holding: 4238 (-4)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
38
Holders Change
-4
Holders Change %
-9.52%
% of All Funds
0.67%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.04%
New
4
Increased
14
Reduced
8
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RVPG
1
Relative Value Partners Group
$52.4M -$2.54M -171,164 -5%
RCM
2
Rivernorth Capital Management
Florida
$14.6M +$14.8M +996,601 New
EP
3
EPIQ Partners
Minnesota
$6.78M +$1.71M +115,241 +33%
CL
4
CSS LLC
Illinois
$4.4M +$2.9M +195,343 +187%
BBPWM
5
Blue Bell Private Wealth Management
Pennsylvania
$4.27M +$2.43M +163,947 +130%
TJHA
6
Thomas J. Herzfeld Advisors
Florida
$3.25M -$86.9K -5,858 -3%
SCM
7
Saba Capital Management
New York
$3.16M -$136K -9,191 -4%
AA
8
Ancora Advisors
Ohio
$1.32M +$224K +15,108 +20%
RCM
9
Robinson Capital Management
Michigan
$1.19M -$237K -15,979 -16%
SC
10
Scotia Capital
Ontario, Canada
$1.07M +$16K +1,080 +1%
RJA
11
Raymond James & Associates
Florida
$772K -$27.9K -1,882 -3%
PAG
12
Private Advisor Group
New Jersey
$772K +$555K +37,400 +246%
SIA
13
SkyView Investment Advisors
New Jersey
$765K +$774K +52,133 New
First Manhattan
14
First Manhattan
New York
$722K +$478K +32,199 +189%
Morgan Stanley
15
Morgan Stanley
New York
$710K +$151K +10,194 +27%
Osaic Holdings
16
Osaic Holdings
Arizona
$593K -$173K -11,648 -22%
Wells Fargo
17
Wells Fargo
California
$515K +$211K +14,205 +68%
LCM
18
Landscape Capital Management
New Jersey
$354K -$2.44M -164,750 -87%
CA
19
Calton & Associates
Florida
$338K +$169K +11,374 +97%
GC
20
Guggenheim Capital
Illinois
$278K +$281K +18,931 New
SFS
21
Sowell Financial Services
Arkansas
$267K
HI
22
Harbour Investments
Wisconsin
$186K +$3.73K +251 +2%
USCWA
23
U.S. Capital Wealth Advisors
Texas
$183K +$185K +12,483 New
DAS
24
Dynamic Advisor Solutions
Arizona
$175K
WDG
25
Wealth Dimensions Group
Ohio
$165K

SPE Hedge Fund Activity: Q3 2021 in Review

38 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q3 2021, worth a combined $99.9M — up 17% from $85.5M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of SPE and 4 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 14 added.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $14.8M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $3.86M sold.

  • 38 institutional investors held Special Opportunities Fund (SPE) as of Q3 2021, down from 42 in Q2 2021.
  • Funds reported $99.9M of Special Opportunities Fund stock for Q3 2021, up 17% quarter-over-quarter.
  • 4 funds opened new Special Opportunities Fund positions in Q3 2021 and 6 closed out, a net change of -2 holders.
  • The largest Special Opportunities Fund buyer in Q3 2021 was Rivernorth Capital Management, an estimated $14.8M added.
  • The largest Special Opportunities Fund seller in Q3 2021 was Shaker Financial Services, an estimated $3.86M sold.

Based on aggregated 13F filings for Q3 2021.