Royce Global Value Trust
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.89M |
| 2 |
SCM
Saba Capital Management
New York
|
+$2.65M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$2.14M |
| 4 |
BFM
Boothbay Fund Management
New York
|
+$974K |
| 5 |
PMG
Private Management Group
Irvine,
California
|
+$349K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.32M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.66M |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
-$270K |
| 4 |
TFCP
Twin Focus Capital Partners
Boston,
Massachusetts
|
-$209K |
| 5 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
-$195K |
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.