Royce Value Trust
112 hedge funds and large institutions have $274M invested in Royce Value Trust in 2014 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 58 increasing their positions, 25 reducing their positions, and 7 closing their positions.
132% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 25
114% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 7
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
5% more funds holding
Funds holding: 107 → 112 (+5)
0.35% less ownership
Funds ownership: 26.45% → 26.1% (-0.35%)
2% less capital invested
Capital invested by funds: $281M → $274M (-$6.99M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$4.38M |
| 2 |
B
Baird
Milwaukee,
Wisconsin
|
+$1.97M |
| 3 |
Morgan Stanley
New York
|
+$1.06M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$808K |
| 5 |
NSAM
North Star Asset Management
Neenah,
Wisconsin
|
+$759K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$6.66M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.58M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$2.19M |
| 4 |
Cohen & Steers
New York
|
-$1.15M |
| 5 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
-$983K |
RVT Hedge Fund Activity: Q4 2014 in Review
112 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q4 2014, worth a combined $274M — down 2.5% from $281M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new RVT positions and 7 closed out — a net gain of 8 holders — while 58 added to existing stakes and 25 trimmed.
The largest buyer was Weiss Asset Management, opening a new position worth an estimated $4.38M. The largest seller was Gramercy Funds Management, cutting an estimated $6.66M.
- 112 institutional investors held Royce Value Trust (RVT) as of Q4 2014, up from 107 in Q3 2014.
- Funds reported $274M of Royce Value Trust stock for Q4 2014, down 2.5% quarter-over-quarter.
- 15 funds opened new Royce Value Trust positions in Q4 2014 and 7 closed out, a net change of +8 holders.
- The largest Royce Value Trust buyer in Q4 2014 was Weiss Asset Management, an estimated $4.38M added.
- The largest Royce Value Trust seller in Q4 2014 was Gramercy Funds Management, an estimated $6.66M sold.
Based on aggregated 13F filings for Q4 2014.