Royce Value Trust
166 hedge funds and large institutions have $499M invested in Royce Value Trust in 2023 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 65 increasing their positions, 43 reducing their positions, and 16 closing their positions.
51% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 43
38% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 16
35% more capital invested
Capital invested by funds: $370M → $499M (+$129M)
4.96% more ownership
Funds ownership: 25.73% → 30.69% (+5%)
3% more funds holding
Funds holding: 161 → 166 (+5)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$63M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$10.8M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$4.13M |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$2.47M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$4.56M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$3.9M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$3.88M |
| 4 |
APWA
Atlas Private Wealth Advisors
Matawan,
New Jersey
|
-$1.41M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.21M |
RVT Hedge Fund Activity: Q4 2023 in Review
166 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q4 2023, worth a combined $499M — up 35% from $370M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new RVT positions and 16 closed out — a net gain of 6 holders — while 65 added to existing stakes and 43 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $63M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $4.56M sold.
- 166 institutional investors held Royce Value Trust (RVT) as of Q4 2023, up from 161 in Q3 2023.
- Funds reported $499M of Royce Value Trust stock for Q4 2023, up 35% quarter-over-quarter.
- 22 funds opened new Royce Value Trust positions in Q4 2023 and 16 closed out, a net change of +6 holders.
- The largest Royce Value Trust buyer in Q4 2023 was Morgan Stanley, an estimated $63M added.
- The largest Royce Value Trust seller in Q4 2023 was Wolverine Asset Management, an estimated $4.56M sold.
Based on aggregated 13F filings for Q4 2023.