Royce Value Trust
141 hedge funds and large institutions have $332M invested in Royce Value Trust in 2019 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 49 increasing their positions, 44 reducing their positions, and 16 closing their positions.
38% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 16
11% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 44
10% more capital invested
Capital invested by funds: $302M → $332M (+$29.9M)
1% more funds holding
Funds holding: 139 → 141 (+2)
0.37% more ownership
Funds ownership: 22.9% → 23.27% (+0.37%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$2.7M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.56M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.39M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.33M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$4.77M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$1.52M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$797K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$773K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$470K |
RVT Hedge Fund Activity: Q4 2019 in Review
141 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q4 2019, worth a combined $332M — up 9.9% from $302M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new RVT positions and 16 closed out — a net gain of 6 holders — while 49 added to existing stakes and 44 trimmed.
The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $2.7M. The largest seller was Lazard Asset Management, cutting an estimated $4.77M.
- 141 institutional investors held Royce Value Trust (RVT) as of Q4 2019, up from 139 in Q3 2019.
- Funds reported $332M of Royce Value Trust stock for Q4 2019, up 9.9% quarter-over-quarter.
- 22 funds opened new Royce Value Trust positions in Q4 2019 and 16 closed out, a net change of +6 holders.
- The largest Royce Value Trust buyer in Q4 2019 was Thomas J. Herzfeld Advisors, an estimated $2.7M added.
- The largest Royce Value Trust seller in Q4 2019 was Lazard Asset Management, an estimated $4.77M sold.
Based on aggregated 13F filings for Q4 2019.