Royce Value Trust
119 hedge funds and large institutions have $320M invested in Royce Value Trust in 2017 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 50 increasing their positions, 31 reducing their positions, and 11 closing their positions.
91% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 11
61% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 31
9% more funds holding
Funds holding: 109 → 119 (+10)
2% more capital invested
Capital invested by funds: $312M → $320M (+$7.78M)
0.19% less ownership
Funds ownership: 24.02% → 23.83% (-0.19%)
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
|
+$4.45M |
| 2 |
HK
Horizon Kinetics
New York
|
+$4.37M |
| 3 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$2.76M |
| 4 |
Cohen & Steers
New York
|
+$2.53M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$8.6M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$4.33M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$4.33M |
| 4 |
Lazard Asset Management
New York
|
-$3.3M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.8M |
RVT Hedge Fund Activity: Q4 2017 in Review
119 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q4 2017, worth a combined $320M — up 2.5% from $312M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new RVT positions and 11 closed out — a net gain of 10 holders — while 50 added to existing stakes and 31 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $4.45M. The largest seller was Rivernorth Capital Management, cutting an estimated $8.6M.
- 119 institutional investors held Royce Value Trust (RVT) as of Q4 2017, up from 109 in Q3 2017.
- Funds reported $320M of Royce Value Trust stock for Q4 2017, up 2.5% quarter-over-quarter.
- 21 funds opened new Royce Value Trust positions in Q4 2017 and 11 closed out, a net change of +10 holders.
- The largest Royce Value Trust buyer in Q4 2017 was Morgan Stanley, an estimated $4.45M added.
- The largest Royce Value Trust seller in Q4 2017 was Rivernorth Capital Management, an estimated $8.6M sold.
Based on aggregated 13F filings for Q4 2017.