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RGT

Royce Global Value Trust
RGT

50 hedge funds and large institutions have $37.1M invested in Royce Global Value Trust in 2020 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.8% more ownership

Funds ownership: 40.2% → 44.01% (+3.8%)

11% less funds holding

Funds holding: 56 → 50 (-6)

25% less capital invested

Capital invested by funds: $49.2M → $37.1M (-$12.1M)

43% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 7

50% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 18

Holders
50
Holders Change
-6
Holders Change %
-10.71%
% of All Funds
1.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
9
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$3.89M
2
SCM
Saba Capital Management
New York
+$2.65M
3
BI
Bulldog Investors
New Jersey
+$2.14M
4
BFM
Boothbay Fund Management
New York
+$974K
5
PMG
Private Management Group
California
+$349K

Top Sellers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
-$2.32M
2
CA
Cornerstone Advisors
North Carolina
-$1.66M
3
MC
Matisse Capital
Oregon
-$270K
4
TFCP
Twin Focus Capital Partners
Massachusetts
-$209K
5
BBPWM
Blue Bell Private Wealth Management
Pennsylvania
-$195K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$178K +$20K +1,869 +9%
SKK
27
Shepherd Kaplan Krochuk
Massachusetts
$144K -$86.2K -8,060 -31%
GF
28
Gabelli Funds
New York
$123K -$3.83K -358 -2%
UBS Group
29
UBS Group
Switzerland
$120K -$106K -9,935 -40%
CL
30
CSS LLC
Illinois
$94K -$10.7K -1,000 -8%
Brown Advisory
31
Brown Advisory
Maryland
$87K – – –
MAA
32
Mraz Amerine & Associates
California
$87K – – –
Bessemer Group
33
Bessemer Group
New Jersey
$74K – – –
GWM
34
Geneos Wealth Management
Colorado
$46K – – –
Northwestern Mutual Wealth Management
35
Northwestern Mutual Wealth Management
Wisconsin
$29K – – –
Osaic Holdings
36
Osaic Holdings
Arizona
$29K +$38.8K +3,624 New
1W
37
1776 Wealth
Georgia
$24K +$33.1K +3,091 New
US Bancorp
38
US Bancorp
Minnesota
$15K – – –
WAP
39
Wealthcare Advisory Partners
Pennsylvania
$7K -$16.3K -1,523 -63%
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$7K – – –
Bank of Montreal
41
Bank of Montreal
Ontario, Canada
$3K +$3.9K +365 New
NSIM
42
North Star Investment Management
Illinois
$2K – – –
SPIA
43
Steward Partners Investment Advisory
New York
$2K – – –
CFGS
44
Concourse Financial Group Securities
Alabama
$1K – – –
HIA
45
Harbor Investment Advisory
Maryland
$1K – – –
OC
46
Oppenheimer & Co
New York
– -$184K -15,729 Closed
RTS
47
Round Table Services
New Jersey
– -$155K -13,300 Closed
WS
48
Wedbush Securities
California
– -$120K -10,268 Closed
WAM
49
Wolverine Asset Management
Illinois
– -$85K -7,276 Closed
AA
50
Argent Advisors
Louisiana
– -$2K -241 Closed
1
2
3

RGT Hedge Fund Activity: Q1 2020 in Review

50 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Royce Global Value Trust (RGT) for Q1 2020, worth a combined $37.1M — down 25% from $49.2M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of RGT and 4 opened new positions — a net loss of 3 holders — while 18 trimmed existing stakes and 9 added.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $3.89M. The largest seller was Raymond James & Associates, cutting an estimated $2.32M.

  • 50 institutional investors held Royce Global Value Trust (RGT) as of Q1 2020, down from 56 in Q4 2019.
  • Funds reported $37.1M of Royce Global Value Trust stock for Q1 2020, down 25% quarter-over-quarter.
  • 4 funds opened new Royce Global Value Trust positions in Q1 2020 and 7 closed out, a net change of -3 holders.
  • The largest Royce Global Value Trust buyer in Q1 2020 was Rivernorth Capital Management, an estimated $3.89M added.
  • The largest Royce Global Value Trust seller in Q1 2020 was Raymond James & Associates, an estimated $2.32M sold.

Based on aggregated 13F filings for Q1 2020.