Royce Global Value Trust
49 hedge funds and large institutions have $52.3M invested in Royce Global Value Trust in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 7 increasing their positions, 16 reducing their positions, and 11 closing their positions.
41% more capital invested
Capital invested by funds: $37.1M → $52.3M (+$15.2M)
0.95% less ownership
Funds ownership: 44.01% → 43.06% (-0.95%)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
2% less funds holding
Funds holding: 50 → 49 (-1)
56% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$5.65M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$994K |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$601K |
| 4 |
FWM
Frontier Wealth Management
Kansas City,
Missouri
|
+$514K |
| 5 |
BFM
Boothbay Fund Management
New York
|
+$494K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.51M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.12M |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$927K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$636K |
| 5 |
MC
Matisse Capital
Portland,
Oregon
|
-$618K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SKK
51
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$144K | -17,880 | Closed |
|
|
WAP
52
Wealthcare Advisory Partners
West Chester,
Pennsylvania
| – | -$7K | -893 | Closed |
|
53
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$3K | -365 | Closed |
|
|
PAG
54
Private Advisor Group
Morristown,
New Jersey
| – | +$21 | +2 | New |
|
|
LWM
55
Liberty Wealth Management
Oakland,
California
| – | +$144 | +14 | New |
|
|
RFA
56
Reilly Financial Advisors
La Mesa,
California
| – | +$195 | +19 | New |
|
RGT Hedge Fund Activity: Q2 2020 in Review
49 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Royce Global Value Trust (RGT) for Q2 2020, worth a combined $52.3M — up 41% from $37.1M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of RGT and 10 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 7 added.
The largest buyer was Saba Capital Management, adding an estimated $5.65M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.51M.
- 49 institutional investors held Royce Global Value Trust (RGT) as of Q2 2020, down from 50 in Q1 2020.
- Funds reported $52.3M of Royce Global Value Trust stock for Q2 2020, up 41% quarter-over-quarter.
- 10 funds opened new Royce Global Value Trust positions in Q2 2020 and 11 closed out, a net change of -1 holder.
- The largest Royce Global Value Trust buyer in Q2 2020 was Saba Capital Management, an estimated $5.65M added.
- The largest Royce Global Value Trust seller in Q2 2020 was Rivernorth Capital Management, an estimated $3.51M sold.
Based on aggregated 13F filings for Q2 2020.