Special Opportunities Fund
SPE
43 hedge funds and large institutions have $94M invested in Special Opportunities Fund in 2021 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 17 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
13% more funds holding
Funds holding: 38 → 43 (+5)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less capital invested
Capital invested by funds: $99.9M → $94M (-$5.92M)
29.93% less ownership
Funds ownership: 80.07% → 50.14% (-30%)
47% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WPA
Winning Points Advisors
Boca Raton,
Florida
|
+$429K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$164K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$109K |
| 4 |
SC
Scotia Capital
Toronto,
Ontario, Canada
|
+$74.3K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$55.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.16M |
| 2 |
RVPG
Relative Value Partners Group
|
-$2.08M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$938K |
| 4 |
EP
EPIQ Partners
Minneapolis,
Minnesota
|
-$471K |
| 5 |
SIA
SkyView Investment Advisors
Shrewsbury,
New Jersey
|
-$455K |
SPE Hedge Fund Activity: Q4 2021 in Review
43 of the 6,518 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q4 2021, worth a combined $94M — down 5.9% from $99.9M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new SPE positions and 3 closed out — a net gain of 5 holders — while 9 added to existing stakes and 17 trimmed.
The largest buyer was Winning Points Advisors, opening a new position worth an estimated $429K. The largest seller was Saba Capital Management, exiting entirely with an estimated $3.16M sold.
- 43 institutional investors held Special Opportunities Fund (SPE) as of Q4 2021, up from 38 in Q3 2021.
- Funds reported $94M of Special Opportunities Fund stock for Q4 2021, down 5.9% quarter-over-quarter.
- 8 funds opened new Special Opportunities Fund positions in Q4 2021 and 3 closed out, a net change of +5 holders.
- The largest Special Opportunities Fund buyer in Q4 2021 was Winning Points Advisors, an estimated $429K added.
- The largest Special Opportunities Fund seller in Q4 2021 was Saba Capital Management, an estimated $3.16M sold.
Based on aggregated 13F filings for Q4 2021.