Special Opportunities Fund
SPE
43 hedge funds and large institutions have $48.8M invested in Special Opportunities Fund in 2025 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
135% more capital inflows, than outflows
Capital inflows: $5.32M | Capital outflows: $2.27M
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
13% more funds holding
Funds holding: 38 → 43 (+5)
1.76% more ownership
Funds ownership: 26.4% → 28.16% (+1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Seven Mile Advisory
Ewing,
New Jersey
|
+$1.65M |
| 2 |
Shaker Financial Services
Arlington,
Virginia
|
+$1.37M |
| 3 |
GatePass Capital
Independence,
Ohio
|
+$706K |
| 4 |
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$399K |
| 5 |
Guggenheim Capital
Chicago,
Illinois
|
+$322K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$1.46M |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
-$299K |
| 3 |
Laird Norton Wetherby Wealth Management
San Francisco,
California
|
-$196K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$69.8K |
| 5 |
Oppenheimer & Co
New York
|
-$54.4K |
SPE Hedge Fund Activity: Q3 2025 in Review
43 of the 7,657 institutional investors tracked by Wall St. Rank reported a position in Special Opportunities Fund (SPE) for Q3 2025, worth a combined $48.8M — up 6.7% from $45.7M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new SPE positions and 3 closed out — a net gain of 5 holders — while 12 added to existing stakes and 10 trimmed.
The largest buyer was Seven Mile Advisory, opening a new position worth an estimated $1.65M. The largest seller was Kovitz Investment Group Partners, cutting an estimated $1.46M.
- 43 institutional investors held Special Opportunities Fund (SPE) as of Q3 2025, up from 38 in Q2 2025.
- Funds reported $48.8M of Special Opportunities Fund stock for Q3 2025, up 6.7% quarter-over-quarter.
- 8 funds opened new Special Opportunities Fund positions in Q3 2025 and 3 closed out, a net change of +5 holders.
- The largest Special Opportunities Fund buyer in Q3 2025 was Seven Mile Advisory, an estimated $1.65M added.
- The largest Special Opportunities Fund seller in Q3 2025 was Kovitz Investment Group Partners, an estimated $1.46M sold.
Based on aggregated 13F filings for Q3 2025.