Vault-13

SPECIAL OPPORTUNITIES FD INC SPE 2.75 01.27.27 C

2.75% CNV PFD C · PUBLIC · CUSIP 84741T401

9 institutional holders -1 vs Q1 2024
366,428366.4k shares reported held*
$8.5mreported value*
0 new 1 added 3 reduced 1 sold out net sold ≈ $31.1m (-1.3m shares)

* 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 ≈ $23.17.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0510Q3 22: 10Q4 22: 10Q1 23: 10Q2 23: 10Q3 23: 10Q4 23: 8Q1 24: 10Q2 24: 99Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202210
Q4 202210
Q1 202310
Q2 202310
Q3 202310
Q4 20238
Q1 202410
Q2 20249

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
505Q4 22: 1 bought or addedQ4 22: 2 cut or sold outQ4 22Q1 23: 2 bought or addedQ1 23: 3 cut or sold outQ2 23: 1 bought or addedQ2 23: 4 cut or sold outQ2 23Q3 23: 0 bought or addedQ3 23: 5 cut or sold outQ4 23: 2 bought or addedQ4 23: 3 cut or sold outQ4 23Q1 24: 5 bought or addedQ1 24: 1 cut or sold outQ2 24: 1 bought or addedQ2 24: 4 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 202212
Q1 202323
Q2 202314
Q3 202305
Q4 202323
Q1 202451
Q2 202414

Biggest buyers

GRAHAM CAPITAL WEALTH MANAGEMENT, LLC Added +631+631

Biggest sellers

Relative Value Partners Group, LLC Sold out -1,335,294-1.3m
MORGAN STANLEY Reduced -2,570-2.6k
CSS LLC/IL Reduced -1,036-1.0k
UBS Group AG Reduced -521-521

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.

HolderStakeChangeShares Last filed
Kovitz Investment Group Partners, LLC 13G · institution -2.4 pts · filed 2025-11-06 47.9% -2.4 pts 1.2m≈ $30.3m 2025-11-06
Focus Partners Wealth 13G · institution -4.5 pts · filed 2026-08-07 42.0% -4.5 pts 0 2026-08-07

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CSS LLC/IL 0.48% of their portfolio CHICAGO, IL 283,194283.2k $6.6m $6.6m 0.48% Reduced -1.0k -1,036
2 UBS Group AG 0.00% of their portfolio ZURICH, V8 31,99932.0k $744.5k $744.5k 0.00% Reduced -521 -521
3 GRAHAM CAPITAL WEALTH MANAGEMENT, LLC 0.79% of their portfolio WASHINGTON, DC 25,19925.2k $586.3k $586.3k 0.79% Added +631 +631
4 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 21,20021.2k $493.2k $493.2k 0.00% Unchanged
5 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.01% of their portfolio BLUE BELL, PA 3,0563.1k $71.1k $71.1k 0.01% Unchanged
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,2851.3k $29.9k $29.9k 0.00% Reduced -2.6k -2,570
7 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 295295 $6.9k $6.9k 0.00% Unchanged
8 WINMILL & CO. INC 0.00% of their portfolio WALPOLE, NH 200200 $4.7k $4.7k 0.00% Unchanged
9 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged