Special Opportunities Fund
SPE
39 hedge funds and large institutions have $44.3M invested in Special Opportunities Fund in 2025 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 9 reducing their positions, and 7 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 9
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
1.57% less ownership
Funds ownership: 29.3% → 27.73% (-1.6%)
3% less funds holding
Funds holding: 40 → 39 (-1)
36% less capital inflows, than outflows
Capital inflows: $4.14M | Capital outflows: $6.52M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Advisors Asset Management
Monument,
Colorado
|
+$1.71M |
| 2 |
GatePass Capital
Independence,
Ohio
|
+$530K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$368K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$311K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$297K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.5M |
| 2 |
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$1.38M |
| 3 |
Shaker Financial Services
Arlington,
Virginia
|
-$1.23M |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
-$532K |
| 5 |
Jefferies Financial Group
New York
|
-$439K |
SPE Hedge Fund Activity: Q1 2025 in Review
39 of the 7,488 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q1 2025, worth a combined $44.3M — down 2.8% from $45.6M a quarter earlier.
Fund positioning in SPE was balanced in Q1 2025: 7 funds opened new positions, 7 closed out, 13 added to existing stakes and 9 trimmed.
The largest buyer was Advisors Asset Management, opening a new position worth an estimated $1.71M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.5M.
- 39 institutional investors held Special Opportunities Fund (SPE) as of Q1 2025, down from 40 in Q4 2024.
- Funds reported $44.3M of Special Opportunities Fund stock for Q1 2025, down 2.8% quarter-over-quarter.
- 7 funds opened new Special Opportunities Fund positions in Q1 2025 and 7 closed out, a net change of 0 holders.
- The largest Special Opportunities Fund buyer in Q1 2025 was Advisors Asset Management, an estimated $1.71M added.
- The largest Special Opportunities Fund seller in Q1 2025 was Rivernorth Capital Management, an estimated $1.5M sold.
Based on aggregated 13F filings for Q1 2025.