SPECIAL OPPORTUNITIES FD INC SPE
COM · Closed-End Fund · CUSIP 84741T104
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $13.47.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 35 |
| Q4 2022 | 35 |
| Q1 2023 | 37 |
| Q2 2023 | 36 |
| Q3 2023 | 39 |
| Q4 2023 | 37 |
| Q1 2024 | 38 |
| Q2 2024 | 38 |
| Q3 2024 | 38 |
| Q4 2024 | 40 |
| Q1 2025 | 38 |
| Q2 2025 | 37 |
| Q3 2025 | 41 |
| Q4 2025 | 44 |
| Q1 2026 | 43 |
| Q2 2026 | 45 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 16 | 12 |
| Q4 2024 | 14 | 22 |
| Q1 2025 | 18 | 17 |
| Q2 2025 | 14 | 10 |
| Q3 2025 | 20 | 14 |
| Q4 2025 | 19 | 12 |
| Q1 2026 | 33 | 13 |
| Q2 2026 | 19 | 18 |
Biggest buyers
| Shaker Financial Services, LLC | Added | +292.9k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | Added | +62.1k |
| Permanent Capital Management, LP | New | +22.1k |
| LEAVELL INVESTMENT MANAGEMENT, INC. | New | +16.8k |
| OPPENHEIMER & CO INC | Added | +15.1k |
| XTX Topco Ltd | New | +11.0k |
| PMG Family Office LLC | New | +10.1k |
| LANARK FINANCIAL, INC. | Added | +10.0k |
| MORGAN STANLEY | Added | +5.9k |
| COMMONWEALTH EQUITY SERVICES, LLC | Added | +5.6k |
Biggest sellers
| Focus Partners Wealth | Reduced | -90.3k |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | -80.8k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Reduced | -64.7k |
| GatePass Capital, LLC | Reduced | -55.5k |
| Independent Advisor Alliance | Sold out | -21.2k |
| WELLS FARGO & COMPANY/MN | Reduced | -10.3k |
| Ancora Advisors LLC | Reduced | -6.6k |
| MAI Capital Management | Sold out | -5.4k |
| Keating Financial Advisory Services, Inc. | Reduced | -3.9k |
| HARBOUR INVESTMENTS, INC. | Reduced | -3.8k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Kovitz Investment Group Partners, LLC 13G · institution filed 2025-09-10 | 13.6% |
| Focus Partners Wealth 13G · institution new · filed 2026-01-08 | 13.0% |
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 1 | $41.4k | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 1 | $60.1k | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 1 | $90.1k | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-06-03 | Dakos Andrew President and CEO, director | Sold | $73.1k5.2k shares |
| 2026-06-03 | Dakos Andrew President and CEO, director | Sold | $1.9k133 shares |
| 2026-06-02 | Dakos Andrew President and CEO, director | Sold | $15.1k1.1k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Focus Partners Wealth 0.02% of their portfolio | 1.2m $16.8m | Reduced -90.3k |
| Shaker Financial Services, LLC 2.81% of their portfolio | 665.0k $9.0m | Added +292.9k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.60% of their portfolio | 357.0k $4.8m | Added +62.1k |
| CSS LLC/IL 0.07% of their portfolio | 122.5k $1.7m | Added +3.8k |
| SCOTIA CAPITAL INC. 0.01% of their portfolio | 108.8k $1.5m | Reduced -1.3k |
| Advisors Asset Management, Inc. 0.02% of their portfolio | 106.3k $1.4m | Reduced -919 |
| MORGAN STANLEY 0.00% of their portfolio | 96.7k $1.3m | Added +5.9k |
| GatePass Capital, LLC 0.30% of their portfolio | 57.4k $772.8k | Reduced -55.5k |
| FIRST MANHATTAN CO. LLC. 0.00% of their portfolio | 44.3k $596.5k | Unchanged |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 36.5k $491.5k | Added +15.1k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 34.1k $458.7k | Added +2.0k |
| LANARK FINANCIAL, INC. 0.02% of their portfolio | 26.7k $359.2k | Added +10.0k |
| Permanent Capital Management, LP 0.04% of their portfolio | 22.1k $297.9k | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 21.9k $294.4k | Added +5.6k |
| Cetera Investment Advisers 0.00% of their portfolio | 20.4k $275.4k | Added +571 |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 20.4k $275.0k | Reduced -359 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 19.2k $258.4k | Reduced -105 |
| Sowell Financial Services LLC 0.01% of their portfolio | 17.9k $241.6k | Unchanged |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 17.3k $233.7k | Reduced -64.7k |
| TrueMark Investments, LLC 0.03% of their portfolio | 17.3k $233.7k | Added +1.1k |
| LEAVELL INVESTMENT MANAGEMENT, INC. 0.01% of their portfolio | 16.8k $226.3k | New |
| Ancora Advisors LLC 0.00% of their portfolio | 16.2k $218.9k | Reduced -6.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 15.4k $207.9k | Added +3.6k |
| Live Oak Private Wealth LLC 0.03% of their portfolio | 15.3k $206.5k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 14.5k $195.2k | Reduced -80.8k |
| PATRON PARTNERS, LLC 0.07% of their portfolio | 14.3k $192.3k | Unchanged |
| NWF Advisory Services Inc. 0.02% of their portfolio | 13.6k $183.3k | Reduced -628 |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 13.0k $175.1k | Reduced -3.8k |
| XTX Topco Ltd 0.00% of their portfolio | 11.0k $148.0k | New |
| Detalus Advisors, LLC 0.03% of their portfolio | 10.8k $145.8k | Added +380 |
| PMG Family Office LLC 0.13% of their portfolio | 10.1k $136.5k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 5.2k $71.0k | Added +3.0k |
| UBS Group AG 0.00% of their portfolio | 5.2k $69.5k | Unchanged |
| Global Retirement Partners, LLC 0.00% of their portfolio | 3.7k $49.9k | First filing |
| NewEdge Advisors, LLC 0.00% of their portfolio | 2.3k $30.5k | Unchanged |
| WINMILL & CO. INC 0.01% of their portfolio | 2.1k $28.2k | Unchanged |
| Keating Financial Advisory Services, Inc. 0.00% of their portfolio | 1.7k $23.3k | Reduced -3.9k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 918 $12.4k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 887 $11.9k | Reduced -10.3k |
| EASTERN BANK 0.00% of their portfolio | 750 $10.1k | Unchanged |
| HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio | 206 $2.8k | Unchanged |
| FIRST HORIZON CORP 0.00% of their portfolio | 103 $1.4k | New |
| CVA Family Office, LLC 0.00% of their portfolio | 39 $525 | Unchanged |
| Indiana Trust & Investment Management Co 0.00% of their portfolio | 26 $350 | Unchanged |
| Aspect Partners, LLC 0.00% of their portfolio | 10 $135 | New |