Royce Global Value Trust
57 hedge funds and large institutions have $39.6M invested in Royce Global Value Trust in 2017 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 10 reducing their positions, and 3 closing their positions.
233% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 3
150% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 10
14% more funds holding
Funds holding: 50 → 57 (+7)
4% more capital invested
Capital invested by funds: $38M → $39.6M (+$1.51M)
0.2% less ownership
Funds ownership: 35.3% → 35.1% (-0.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$1.11M |
| 2 |
Morgan Stanley
New York
|
+$340K |
| 3 |
ZIG
Zuckerman Investment Group
Chicago,
Illinois
|
+$241K |
| 4 |
RIL
Rothschild Investment LLC
Chicago,
Illinois
|
+$219K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$209K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$1.38M |
| 2 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
-$654K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$570K |
| 4 |
LCM
Laurion Capital Management
New York
|
-$365K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$345K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWP
51
Stratos Wealth Partners
Beachwood,
Ohio
| $2K | +$1.83K | +174 | New |
|
|
SA
52
SRH Advisors
Salina,
Kansas
| $1K | – | – | – |
|
|
TDC
53
Thompson Davis & Co
Richmond,
Virginia
| $1K | – | – | – |
|
|
ME
54
McIlrath & Eck
Arlington,
Washington
| $1K | +$641 | +61 | New |
|
|
55
State of Wisconsin Investment Board
Madison,
Wisconsin
| – | -$654K | -63,200 | Closed |
|
|
LCM
56
Laurion Capital Management
New York
| – | -$365K | -35,290 | Closed |
|
|
MWM
57
Mascoma Wealth Management
Hanover,
New Hampshire
| – | -$1K | -56 | Closed |
|
|
SIS
58
Sound Income Strategies
Ft Lauderdale,
Florida
| – | +$231 | +22 | New |
|
RGT Hedge Fund Activity: Q4 2017 in Review
57 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Royce Global Value Trust (RGT) for Q4 2017, worth a combined $39.6M — up 4% from $38M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new RGT positions and 3 closed out — a net gain of 7 holders — while 25 added to existing stakes and 10 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $1.11M. The largest seller was Matisse Capital, cutting an estimated $1.38M.
- 57 institutional investors held Royce Global Value Trust (RGT) as of Q4 2017, up from 50 in Q3 2017.
- Funds reported $39.6M of Royce Global Value Trust stock for Q4 2017, up 4% quarter-over-quarter.
- 10 funds opened new Royce Global Value Trust positions in Q4 2017 and 3 closed out, a net change of +7 holders.
- The largest Royce Global Value Trust buyer in Q4 2017 was Saba Capital Management, an estimated $1.11M added.
- The largest Royce Global Value Trust seller in Q4 2017 was Matisse Capital, an estimated $1.38M sold.
Based on aggregated 13F filings for Q4 2017.