Royce Value Trust
104 hedge funds and large institutions have $317M invested in Royce Value Trust in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 36 increasing their positions, 36 reducing their positions, and 10 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 36
2% less capital invested
Capital invested by funds: $325M → $317M (-$7.88M)
1.19% less ownership
Funds ownership: 29.08% → 27.89% (-1.2%)
3% less funds holding
Funds holding: 107 → 104 (-3)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$7.32M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.48M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.33M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$882K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$703K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Moore Capital Management
New York
|
-$12.2M |
| 2 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$1.51M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.29M |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.26M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$1.14M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TFA
101
Transamerica Financial Advisors
St. Petersburg,
Florida
| $4K | – | – | – |
|
|
HI
102
Hudock Inc
Williamsport,
Pennsylvania
| $3K | – | – | – |
|
|
CWM
103
Cranbrook Wealth Management
Bloomfield Hills,
Michigan
| $2K | – | – | – |
|
|
MCM
104
Moore Capital Management
New York
| – | -$12.2M | -776,978 | Closed |
|
|
TC
105
TFS Capital
West Chester,
Pennsylvania
| – | -$1.29M | -81,788 | Closed |
|
|
WAM
106
Wolverine Asset Management
Chicago,
Illinois
| – | -$839K | -53,391 | Closed |
|
107
AQR Capital Management
Greenwich,
Connecticut
| – | -$252K | -15,999 | Closed |
|
|
ASN
108
Advisory Services Network
Atlanta,
Georgia
| – | -$246K | -15,621 | Closed |
|
|
SIA
109
SeaBridge Investment Advisors
Summit,
New Jersey
| – | -$102K | -6,500 | Closed |
|
110
Envestnet Asset Management
Chicago,
Illinois
| – | -$65K | -4,107 | Closed |
|
111
AllianceBernstein
Nashville,
Tennessee
| – | -$30K | -1,929 | Closed |
|
|
TRCT
112
Tower Research Capital (TRC)
New York
| – | -$12K | -783 | Closed |
|
|
TSW
113
Thompson Siegel & Walmsley
Richmond,
Virginia
| – | -$9K | -574 | Closed |
|
RVT Hedge Fund Activity: Q2 2014 in Review
104 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q2 2014, worth a combined $317M — down 2.4% from $325M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of RVT and 7 opened new positions — a net loss of 3 holders — while 36 trimmed existing stakes and 36 added.
The largest buyer was Morgan Stanley, adding an estimated $7.32M. The largest seller was Moore Capital Management, exiting entirely with an estimated $12.2M sold.
- 104 institutional investors held Royce Value Trust (RVT) as of Q2 2014, down from 107 in Q1 2014.
- Funds reported $317M of Royce Value Trust stock for Q2 2014, down 2.4% quarter-over-quarter.
- 7 funds opened new Royce Value Trust positions in Q2 2014 and 10 closed out, a net change of -3 holders.
- The largest Royce Value Trust buyer in Q2 2014 was Morgan Stanley, an estimated $7.32M added.
- The largest Royce Value Trust seller in Q2 2014 was Moore Capital Management, an estimated $12.2M sold.
Based on aggregated 13F filings for Q2 2014.