Special Opportunities Fund
SPE
36 hedge funds and large institutions have $41.5M invested in Special Opportunities Fund in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 11 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
6% more funds holding
Funds holding: 34 → 36 (+2)
0.66% less ownership
Funds ownership: 31.89% → 31.24% (-0.66%)
6% less capital invested
Capital invested by funds: $44.1M → $41.5M (-$2.65M)
27% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$781K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$717K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$623K |
| 4 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$300K |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
+$255K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.62M |
| 2 |
EP
EPIQ Partners
Minneapolis,
Minnesota
|
-$1.3M |
| 3 |
RVPG
Relative Value Partners Group
|
-$621K |
| 4 |
CA
Calton & Associates
Tampa,
Florida
|
-$241K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$197K |
SPE Hedge Fund Activity: Q1 2023 in Review
36 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q1 2023, worth a combined $41.5M — down 6% from $44.1M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SPE positions and 5 closed out — a net gain of 2 holders — while 8 added to existing stakes and 11 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $781K. The largest seller was Rivernorth Capital Management, cutting an estimated $1.62M.
- 36 institutional investors held Special Opportunities Fund (SPE) as of Q1 2023, up from 34 in Q4 2022.
- Funds reported $41.5M of Special Opportunities Fund stock for Q1 2023, down 6% quarter-over-quarter.
- 7 funds opened new Special Opportunities Fund positions in Q1 2023 and 5 closed out, a net change of +2 holders.
- The largest Special Opportunities Fund buyer in Q1 2023 was Morgan Stanley, an estimated $781K added.
- The largest Special Opportunities Fund seller in Q1 2023 was Rivernorth Capital Management, an estimated $1.62M sold.
Based on aggregated 13F filings for Q1 2023.