Royce Global Value Trust
65 hedge funds and large institutions have $23.2M invested in Royce Global Value Trust in 2014 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 12 increasing their positions, 21 reducing their positions, and 9 closing their positions.
29% more capital invested
Capital invested by funds: $18M → $23.2M (+$5.25M)
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
5.55% more ownership
Funds ownership: 19.92% → 25.48% (+5.6%)
2% more funds holding
Funds holding: 64 → 65 (+1)
43% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Manhattan
New York
|
+$5.59M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.33M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$738K |
| 4 |
Cohen & Steers
New York
|
+$295K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$239K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
-$690K |
| 2 |
Lazard Asset Management
New York
|
-$674K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$500K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$286K |
| 5 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$216K |
RGT Hedge Fund Activity: Q1 2014 in Review
65 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Royce Global Value Trust (RGT) for Q1 2014, worth a combined $23.2M — up 29% from $18M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new RGT positions and 9 closed out — a net gain of 2 holders — while 12 added to existing stakes and 21 trimmed.
The largest buyer was First Manhattan, opening a new position worth an estimated $5.59M. The largest seller was Relative Value Partners, cutting an estimated $690K.
- 65 institutional investors held Royce Global Value Trust (RGT) as of Q1 2014, up from 64 in Q4 2013.
- Funds reported $23.2M of Royce Global Value Trust stock for Q1 2014, up 29% quarter-over-quarter.
- 11 funds opened new Royce Global Value Trust positions in Q1 2014 and 9 closed out, a net change of +2 holders.
- The largest Royce Global Value Trust buyer in Q1 2014 was First Manhattan, an estimated $5.59M added.
- The largest Royce Global Value Trust seller in Q1 2014 was Relative Value Partners, an estimated $690K sold.
Based on aggregated 13F filings for Q1 2014.