RA

Royce & Associates Portfolio holdings

AUM $12.4B Turnover 20.64%
1-Year Est. Return 64.17%
This Fund
S&P 500
This Quarter Est. Return
+5.47%
1 Year Est. Return
+64.17%
3 Year Est. Return
+130.04%
5 Year Est. Return
+162.55%
10 Year Est. Return
+785.5%
AUM
$15B
AUM Growth
-$64.1M
Cap. Flow
-$674M
Cap. Flow %
-4.48%
Top 10 Hldgs %
8.55%
Holding
1,316
New
82
Increased
373
Reduced
600
Closed
70
Avg Time Held
2.7 years
Top 10 Avg Time Held
1 year
Top 20 Avg Time Held
1.9 years

Top Buys

Rank Stock Value
1
FN icon
Fabrinet
FN
+$28.7M
2
HA icon
Hawaiian Holdings, Inc.
HA
+$26.1M
3
JRVR icon
James River Group Holdings
JRVR
+$22.9M
4
LZB icon
La-Z-Boy
LZB
+$21.3M
5
KLIC icon
Kulicke & Soffa
KLIC
+$16.4M

Top Sells

Rank Stock Value
1
CGNX icon
Cognex
CGNX
+$64.3M
2
LDR
Landauer Inc
LDR
+$48.7M
3
MKSI icon
MKS Inc
MKSI
+$39.1M
4
IPGP icon
IPG Photonics
IPGP
+$36.6M
5
CPRT icon
Copart
CPRT
+$34.9M

Sector Composition

Rank Sector Weight
1 Industrials 29.91%
2 Technology 17.71%
3 Consumer Discretionary 16.18%
4 Financials 11.52%
5 Materials 7.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
BNED icon
1001
Barnes & Noble Education
BNED
$425M
$824K 0.01%
1,000
– –
2016 Q2
6 quarters
LHCG
1002
DELISTED
LHC Group LLC
LHCG
$823K 0.01%
13,439
-1,561
-10% -$103K
2017 Q2
2 quarters
MITL
1003
DELISTED
Mitel Networks Corporation
MITL
$823K 0.01%
+100,000
New +$815K
2017 Q4
0 quarters
FLS icon
1004
Flowserve
FLS
$8.86B
$822K 0.01%
19,500
-27,600
-59% -$1.16M
2013 Q2
18 quarters
BV icon
1005
DELISTED
Bazaarvoice, Inc.
BV
$810K 0.01%
148,700
-330,200
-69% -$1.67M
2017 Q1
3 quarters
CNDT icon
1006
Conduent
CNDT
$233M
$808K 0.01%
50,000
– –
2017 Q1
3 quarters
LFUS icon
1007
Littelfuse
LFUS
$10.1B
$791K 0.01%
4,000
-8,170
-67% -$1.64M
2013 Q2
18 quarters
HMN icon
1008
Horace Mann Educators
HMN
$1.85B
$786K 0.01%
17,829
-633
-3% -$27.6K
2016 Q1
7 quarters
SPRT
1009
DELISTED
support.com, Inc.
SPRT
$780K 0.01%
322,366
– –
2013 Q2
18 quarters
PMD icon
1010
DELISTED
Psychemedics Corporation
PMD
$777K 0.01%
37,784
+13
+0% +$241
2013 Q2
18 quarters
ACTG icon
1011
Acacia Research
ACTG
$420M
$770K 0.01%
190,000
– –
2013 Q2
18 quarters
BELFB icon
1012
Bel Fuse Inc Class B
BELFB
$3.23B
$761K 0.01%
30,238
– –
2013 Q2
18 quarters
ZEUS icon
1013
DELISTED
Olympic Steel
ZEUS
$752K 0.01%
35,000
– –
2013 Q2
18 quarters
TCS icon
1014
DELISTED
THE CONTAINER STORE GROUP, INC.
TCS
$750K 0.01%
10,547
– –
2013 Q4
16 quarters
NOA icon
1015
North American Construction
NOA
$317M
$746K 0.01%
150,698
+100,698
+201% +$441K
2013 Q2
18 quarters
IZEA icon
1016
IZEA Worldwide
IZEA
$39.9M
$729K ﹤0.01%
40,294
– –
2016 Q1
7 quarters
CBZ icon
1017
CBIZ
CBZ
$3.01B
$726K ﹤0.01%
47,000
– –
2013 Q2
18 quarters
DWCH
1018
DELISTED
Datawatch Corp
DWCH
$723K ﹤0.01%
76,103
-11,000
-13% -$114K
2015 Q1
11 quarters
CSLT
1019
DELISTED
CASTLIGHT HEALTH, INC.
CSLT
$709K ﹤0.01%
189,009
-11,000
-5% -$44K
2016 Q3
5 quarters
BCRX icon
1020
BioCryst Pharmaceuticals
BCRX
$2.04B
$707K ﹤0.01%
144,000
– –
2016 Q1
7 quarters
NVAX icon
1021
Novavax
NVAX
$2.12B
$682K ﹤0.01%
27,500
– –
2016 Q3
5 quarters
GDXJ icon
1022
VanEck Junior Gold Miners ETF
GDXJ
$7.72B
$669K ﹤0.01%
19,600
– –
2015 Q3
9 quarters
LINC icon
1023
Lincoln Educational Services
LINC
$709M
$668K ﹤0.01%
330,600
– –
2013 Q2
18 quarters
HHH icon
1024
Howard Hughes
HHH
$4.08B
$656K ﹤0.01%
+5,245
New +$625K
2017 Q4
0 quarters
QTNA
1025
DELISTED
Quantenna Communications, Inc. Common Stock
QTNA
$622K ﹤0.01%
51,000
+28,500
+127% +$390K
2017 Q3
1 quarter
39 40
41
42 43

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Royce & Associates's Q4 2017 Portfolio in Review

As of Q4 2017, Royce & Associates held 1,316 positions worth $15B, down 0.42% from $15.1B the previous quarter. Its ten largest holdings account for 8.5% of the portfolio.

Royce & Associates withdrew a net $674M in Q4 2017, closing 70 positions and reducing 600 holdings. Its most notable exit was Landauer Inc, an estimated $48.7M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 30% of assets, up from 30% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Royce & Associates opened a new position in Verifone Systems Inc worth $11.2M.

  • Royce & Associates's largest Q4 2017 buy was Verifone Systems Inc: 629,800 shares worth $11.2M.
  • Royce & Associates added most to Fabrinet in Q4 2017, an estimated $28.7M increase.
  • Royce & Associates's biggest Q4 2017 reduction was Cognex, cutting an estimated $64.3M.
  • Royce & Associates fully exited Landauer Inc in Q4 2017, selling an estimated $48.7M.
  • Royce & Associates's ten largest holdings make up 8.5% of its $15B portfolio in Q4 2017.
  • Royce & Associates opened 82 new positions and closed 70 in Q4 2017.
  • Royce & Associates's portfolio value fell 0.42% quarter-over-quarter to $15B.

Based on Royce & Associates's 13F filing for Q4 2017, filed 9 Feb 2018.