Special Opportunities Fund
SPE
38 hedge funds and large institutions have $100M 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.
125% more capital inflows, than outflows
Capital inflows: $24.9M | Capital outflows: $11.1M
75% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 8
10.21% more ownership
Funds ownership: 66.28% → 76.49% (+10%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
10% less funds holding
Funds holding: 42 → 38 (-4)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$14.8M |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
+$2.9M |
| 3 |
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$2.43M |
| 4 |
EPIQ Partners
Minneapolis,
Minnesota
|
+$1.71M |
| 5 |
SkyView Investment Advisors
Shrewsbury,
New Jersey
|
+$774K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Shaker Financial Services
Arlington,
Virginia
|
-$3.86M |
| 2 |
Relative Value Partners Group
|
-$2.54M |
| 3 |
Landscape Capital Management
Englewood,
New Jersey
|
-$2.44M |
| 4 |
Wolverine Asset Management
Chicago,
Illinois
|
-$650K |
| 5 |
Clough Capital Partners
Boston,
Massachusetts
|
-$583K |
SPE Hedge Fund Activity: Q3 2021 in Review
38 of the 5,731 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q3 2021, worth a combined $100M — 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 $100M 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.