Royce Value Trust
139 hedge funds and large institutions have $302M invested in Royce Value Trust in 2019 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 64 increasing their positions, 39 reducing their positions, and 15 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 39
2% more capital invested
Capital invested by funds: $297M → $302M (+$5.08M)
3% less funds holding
Funds holding: 143 → 139 (-4)
2.99% less ownership
Funds ownership: 25.9% → 22.9% (-3%)
27% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 15
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.64M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.32M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$2.09M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.6M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$3.52M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$2.04M |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$1.76M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.1M |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$1.06M |
RVT Hedge Fund Activity: Q3 2019 in Review
139 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q3 2019, worth a combined $302M — up 1.7% from $297M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of RVT and 11 opened new positions — a net loss of 4 holders — while 39 trimmed existing stakes and 64 added.
The largest buyer was Morgan Stanley, adding an estimated $3.64M. The largest seller was Wolverine Asset Management, cutting an estimated $3.52M.
- 139 institutional investors held Royce Value Trust (RVT) as of Q3 2019, down from 143 in Q2 2019.
- Funds reported $302M of Royce Value Trust stock for Q3 2019, up 1.7% quarter-over-quarter.
- 11 funds opened new Royce Value Trust positions in Q3 2019 and 15 closed out, a net change of -4 holders.
- The largest Royce Value Trust buyer in Q3 2019 was Morgan Stanley, an estimated $3.64M added.
- The largest Royce Value Trust seller in Q3 2019 was Wolverine Asset Management, an estimated $3.52M sold.
Based on aggregated 13F filings for Q3 2019.