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RGT

Royce Global Value Trust
RGT

59 hedge funds and large institutions have $26.7M invested in Royce Global Value Trust in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.65% more ownership

Funds ownership: 27.34% → 29.98% (+2.6%)

2% more capital invested

Capital invested by funds: $26.1M → $26.7M (+$573K)

7% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 14

6% less funds holding

Funds holding: 63 → 59 (-4)

40% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 10

Holders
59
Holders Change
-4
Holders Change %
-6.35%
% of All Funds
1.71%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
13
Reduced
14
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$958K
2
FIMG
Financial & Investment Management Group
Michigan
+$604K
3
First Manhattan
First Manhattan
New York
+$542K
4
SFS
Shaker Financial Services
Virginia
+$391K
5
WAM
Wolverine Asset Management
Illinois
+$345K

Top Sellers

Rank Fund Capital Flow
1
CAN
Cetera Advisor Networks
California
-$185K
2
RVP
Relative Value Partners
Illinois
-$184K
3
DA
Doliver Advisors
Texas
-$139K
4
PFM
Parsec Financial Management
North Carolina
-$122K
5
VKH
Virtu KCG Holdings
New York
-$102K
Name Holding Trade Value Shares
Change 		Change in
Stake
First Manhattan
1
First Manhattan
New York
$6.11M +$542K +58,870 +9%
Morgan Stanley
2
Morgan Stanley
New York
$4.88M +$958K +104,123 +23%
U
3
UBS
Switzerland
$1.61M +$71.8K +7,798 +4%
Cohen & Steers
4
Cohen & Steers
New York
$1.55M – – –
Wells Fargo
5
Wells Fargo
California
$1.41M +$209K +22,702 +16%
RJA
6
Raymond James & Associates
Florida
$1.39M -$10.5K -1,144 -0.7%
Lazard Asset Management
7
Lazard Asset Management
New York
$1.21M – – –
RVP
8
Relative Value Partners
Illinois
$1.11M -$184K -19,985 -14%
SFS
9
Shaker Financial Services
Virginia
$973K +$391K +42,440 +61%
VFS
10
VSR Financial Services
Kansas
$729K -$14.4K -1,567 -2%
RCM
11
Rivernorth Capital Management
Florida
$635K – – –
FIMG
12
Financial & Investment Management Group
Michigan
$571K +$604K +65,599 New
Bank of America
13
Bank of America
North Carolina
$548K -$76.7K -8,339 -12%
DA
14
Doliver Advisors
Texas
$364K -$139K -15,159 -27%
RIL
15
Rothschild Investment LLC
Illinois
$353K +$55.2K +6,000 +17%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$345K +$18.3K +1,987 +5%
SG Americas Securities
17
SG Americas Securities
New York
$330K – – –
WAM
18
Wolverine Asset Management
Illinois
$326K +$345K +37,474 New
BBPWM
19
Blue Bell Private Wealth Management
Pennsylvania
$310K +$16.8K +1,821 +5%
CS
20
Credit Suisse
Switzerland
$228K +$110K +11,955 +84%
Brown Advisory
21
Brown Advisory
Maryland
$167K -$59.8K -6,499 -25%
FAAS
22
First Allied Advisory Services
California
$148K – – –
TJHA
23
Thomas J. Herzfeld Advisors
Florida
$147K – – –
Northwestern Mutual Wealth Management
24
Northwestern Mutual Wealth Management
Wisconsin
$146K -$6.39K -695 -4%
PAIM
25
Punch & Associates Investment Management
Minnesota
$146K +$154K +16,720 New
1
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RGT Hedge Fund Activity: Q3 2014 in Review

59 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Royce Global Value Trust (RGT) for Q3 2014, worth a combined $26.7M — up 2.2% from $26.1M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of RGT and 6 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 13 added.

The largest buyer was Morgan Stanley, adding an estimated $958K. The largest seller was Cetera Advisor Networks, exiting entirely with an estimated $185K sold.

  • 59 institutional investors held Royce Global Value Trust (RGT) as of Q3 2014, down from 63 in Q2 2014.
  • Funds reported $26.7M of Royce Global Value Trust stock for Q3 2014, up 2.2% quarter-over-quarter.
  • 6 funds opened new Royce Global Value Trust positions in Q3 2014 and 10 closed out, a net change of -4 holders.
  • The largest Royce Global Value Trust buyer in Q3 2014 was Morgan Stanley, an estimated $958K added.
  • The largest Royce Global Value Trust seller in Q3 2014 was Cetera Advisor Networks, an estimated $185K sold.

Based on aggregated 13F filings for Q3 2014.