Royce Global Value Trust
53 hedge funds and large institutions have $22M invested in Royce Global Value Trust in 2015 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 10 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
2% less ownership
Funds ownership: 28.77% → 26.77% (-2%)
7% less capital invested
Capital invested by funds: $23.6M → $22M (-$1.61M)
10% less funds holding
Funds holding: 59 → 53 (-6)
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.22M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.04M |
| 3 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
+$221K |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$128K |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$96.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Manhattan
New York
|
-$2.88M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.02M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$248K |
| 4 |
Lazard Asset Management
New York
|
-$214K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$142K |
RGT Hedge Fund Activity: Q1 2015 in Review
53 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Royce Global Value Trust (RGT) for Q1 2015, worth a combined $22M — down 6.8% from $23.6M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of RGT and 4 opened new positions — a net loss of 6 holders — while 12 trimmed existing stakes and 16 added.
The largest buyer was Morgan Stanley, adding an estimated $1.22M. The largest seller was First Manhattan, cutting an estimated $2.88M.
- 53 institutional investors held Royce Global Value Trust (RGT) as of Q1 2015, down from 59 in Q4 2014.
- Funds reported $22M of Royce Global Value Trust stock for Q1 2015, down 6.8% quarter-over-quarter.
- 4 funds opened new Royce Global Value Trust positions in Q1 2015 and 10 closed out, a net change of -6 holders.
- The largest Royce Global Value Trust buyer in Q1 2015 was Morgan Stanley, an estimated $1.22M added.
- The largest Royce Global Value Trust seller in Q1 2015 was First Manhattan, an estimated $2.88M sold.
Based on aggregated 13F filings for Q1 2015.