SPECIAL OPPORTUNITIES FD INC

CUSIP: 84741T104 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (4)

Focus Partners Wealth

Value ($000) $19,443 Shares 1,323,104

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $196 Shares 13,367

Indiana Trust & Investment Management CO

Value ($000) $12 Shares 810

Kestra Advisory Services, LLC

Value ($000) $22 Shares 1,495

Institution	Shares	Value ($000)
Focus Partners Wealth	1,323,104	$19,443
SUSQUEHANNA INTERNATIONAL GROUP, LLP	13,367	$196
Indiana Trust & Investment Management CO	810	$12
Kestra Advisory Services, LLC	1,495	$22

Increased Positions (12)

BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC

Value ($000) $4,097 (-2.9%) Shares 278,909 (+2.4%)

SEVEN MILE ADVISORY

Value ($000) $1,593 (-3.1%) Shares 108,416 (+2.2%)

NBC SECURITIES, INC.

Value ($000) $290 (+15.4%) Shares 19,770 (+21.8%)

FIRST MANHATTAN CO. LLC.

Value ($000) $620 (+27.0%) Shares 40,010 (+27.0%)

Cetera Investment Advisers

Value ($000) $558 (+13.2%) Shares 38,001 (+19.4%)

RAYMOND JAMES FINANCIAL INC

Value ($000) $487 (+10.7%) Shares 33,121 (+16.8%)

ENVESTNET ASSET MANAGEMENT INC

Value ($000) $363 (+8.1%) Shares 24,735 (+14.1%)

SCOTIA CAPITAL INC.

Value ($000) $1,590 (-4.2%) Shares 108,205 (+1.1%)

TrueMark Investments, LLC

Value ($000) $219 (-2.9%) Shares 14,915 (+2.5%)

COMMONWEALTH EQUITY SERVICES, LLC

Value ($000) $233 (+97125.0%) Shares 15,885 (+2.4%)

Global Retirement Partners, LLC

Value ($000) $50 (-3.1%) Shares 3,383 (+2.2%)

Sound Income Strategies, LLC

Value ($000) $11 (-0.3%) Shares 692 (+2.2%)

Institution	Prev Shares	Curr Shares	Change
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC	272,298	278,909	+6,611 (+2.4%)
SEVEN MILE ADVISORY	106,074	108,416	+2,342 (+2.2%)
NBC SECURITIES, INC.	16,231	19,770	+3,539 (+21.8%)
FIRST MANHATTAN CO. LLC.	31,510	40,010	+8,500 (+27.0%)
Cetera Investment Advisers	31,826	38,001	+6,175 (+19.4%)
RAYMOND JAMES FINANCIAL INC	28,355	33,121	+4,766 (+16.8%)
ENVESTNET ASSET MANAGEMENT INC	21,677	24,735	+3,058 (+14.1%)
SCOTIA CAPITAL INC.	107,016	108,205	+1,189 (+1.1%)
TrueMark Investments, LLC	14,552	14,915	+363 (+2.5%)
COMMONWEALTH EQUITY SERVICES, LLC	15,515	15,885	+370 (+2.4%)
Global Retirement Partners, LLC	3,310	3,383	+73 (+2.2%)
Sound Income Strategies, LLC	677	692	+15 (+2.2%)

Decreased Positions (10)

Shaker Financial Services, LLC

Value ($000) $3,952 (-28.1%) Shares 250,579 (-29.4%)

GatePass Capital, LLC

Value ($000) $1,935 (-7.0%) Shares 131,750 (-1.9%)

WOLVERINE ASSET MANAGEMENT LLC

Value ($000) $14 (-87.8%) Shares 937 (-87.1%)

MORGAN STANLEY

Value ($000) $1,078 (-13.4%) Shares 73,382 (-8.6%)

NWF Advisory Services Inc.

Value ($000) $200 (-12.3%) Shares 13,600 (-7.5%)

WELLS FARGO & COMPANY/MN

Value ($000) $174 (-21.1%) Shares 11,873 (-16.8%)

OSAIC HOLDINGS, INC.

Value ($000) $264 (-15.9%) Shares 18,000 (-10.4%)

OPPENHEIMER & CO INC

Value ($000) $305 (-11.6%) Shares 20,766 (-6.7%)

UBS Group AG

Value ($000) $72 (-27.3%) Shares 4,933 (-23.3%)

GUGGENHEIM CAPITAL LLC

Value ($000) $297 (-7.6%) Shares 20,203 (-2.5%)

Institution	Prev Shares	Curr Shares	Change
Shaker Financial Services, LLC	354,678	250,579	-104,099 (-29.4%)
GatePass Capital, LLC	134,300	131,750	-2,550 (-1.9%)
WOLVERINE ASSET MANAGEMENT LLC	7,252	937	-6,315 (-87.1%)
MORGAN STANLEY	80,300	73,382	-6,918 (-8.6%)
NWF Advisory Services Inc.	14,700	13,600	-1,100 (-7.5%)
WELLS FARGO & COMPANY/MN	14,268	11,873	-2,395 (-16.8%)
OSAIC HOLDINGS, INC.	20,100	18,000	-2,100 (-10.4%)
OPPENHEIMER & CO INC	22,266	20,766	-1,500 (-6.7%)
UBS Group AG	6,433	4,933	-1,500 (-23.3%)
GUGGENHEIM CAPITAL LLC	20,714	20,203	-511 (-2.5%)

Exited Positions (2)

Kovitz Investment Group Partners, LLC

Value ($000) $21,442 Shares 1,383,383

Advisory Services Network, LLC

Value ($000) $14 Shares 882

Institution	Prev Shares	Prev Value ($000)
Kovitz Investment Group Partners, LLC	1,383,383	$21,442
Advisory Services Network, LLC	882	$14