Royce Global Value Trust
62 hedge funds and large institutions have $25M invested in Royce Global Value Trust in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 22 reducing their positions, and 11 closing their positions.
1.79% more ownership
Funds ownership: 31.2% → 32.98% (+1.8%)
1% more capital invested
Capital invested by funds: $24.8M → $25M (+$255K)
7% less funds holding
Funds holding: 67 → 62 (-5)
36% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 22
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.78M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$442K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$379K |
| 4 |
ST
Sentinel Trust
Houston,
Texas
|
+$210K |
| 5 |
RTS
Round Table Services
Westfield,
New Jersey
|
+$168K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCS
Levin Capital Strategies
New York
|
-$372K |
| 2 |
Morgan Stanley
New York
|
-$312K |
| 3 |
SG Americas Securities
New York
|
-$171K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$151K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$143K |
RGT Hedge Fund Activity: Q1 2016 in Review
62 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Royce Global Value Trust (RGT) for Q1 2016, worth a combined $25M — up 1% from $24.8M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of RGT and 6 opened new positions — a net loss of 5 holders — while 22 trimmed existing stakes and 14 added.
The largest buyer was Matisse Capital, adding an estimated $1.78M. The largest seller was Levin Capital Strategies, exiting entirely with an estimated $372K sold.
- 62 institutional investors held Royce Global Value Trust (RGT) as of Q1 2016, down from 67 in Q4 2015.
- Funds reported $25M of Royce Global Value Trust stock for Q1 2016, up 1% quarter-over-quarter.
- 6 funds opened new Royce Global Value Trust positions in Q1 2016 and 11 closed out, a net change of -5 holders.
- The largest Royce Global Value Trust buyer in Q1 2016 was Matisse Capital, an estimated $1.78M added.
- The largest Royce Global Value Trust seller in Q1 2016 was Levin Capital Strategies, an estimated $372K sold.
Based on aggregated 13F filings for Q1 2016.