Royce Value Trust
120 hedge funds and large institutions have $270M invested in Royce Value Trust in 2015 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 51 increasing their positions, 30 reducing their positions, and 11 closing their positions.
118% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 11
70% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 30
19% more capital invested
Capital invested by funds: $226M → $270M (+$43.8M)
11% more funds holding
Funds holding: 108 → 120 (+12)
4.14% more ownership
Funds ownership: 25.38% → 29.52% (+4.1%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
+$9.48M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.49M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$3.98M |
| 4 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$3.37M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$4.13M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.29M |
| 3 |
RVPG
Relative Value Partners Group
|
-$1.16M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$1.14M |
| 5 |
NSAM
North Star Asset Management
Neenah,
Wisconsin
|
-$942K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Bank of New York Mellon
New York
| – | -$122K | -10,622 | Closed |
|
|
CG
127
Colony Group
Boston,
Massachusetts
| – | -$28K | -2,452 | Closed |
|
|
WCM
128
Windsor Capital Management
Phoenix,
Arizona
| – | -$28K | -2,437 | Closed |
|
|
AA
129
Apriem Advisors
Irvine,
California
| – | -$9K | -750 | Closed |
|
|
AC
130
Alexandria Capital
Arlington,
Virginia
| – | -$7K | -629 | Closed |
|
|
BCA
131
Bray Capital Advisors
Naples,
Florida
| – | -$4K | -319 | Closed |
|
|
NFG
132
Next Financial Group
Houston,
Texas
| – | -$394 | -33 | -70% |
|
RVT Hedge Fund Activity: Q4 2015 in Review
120 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q4 2015, worth a combined $270M — up 19% from $226M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new RVT positions and 11 closed out — a net gain of 13 holders — while 51 added to existing stakes and 30 trimmed.
The largest buyer was Gramercy Funds Management, adding an estimated $9.48M. The largest seller was Wells Fargo, cutting an estimated $4.13M.
- 120 institutional investors held Royce Value Trust (RVT) as of Q4 2015, up from 108 in Q3 2015.
- Funds reported $270M of Royce Value Trust stock for Q4 2015, up 19% quarter-over-quarter.
- 24 funds opened new Royce Value Trust positions in Q4 2015 and 11 closed out, a net change of +13 holders.
- The largest Royce Value Trust buyer in Q4 2015 was Gramercy Funds Management, an estimated $9.48M added.
- The largest Royce Value Trust seller in Q4 2015 was Wells Fargo, an estimated $4.13M sold.
Based on aggregated 13F filings for Q4 2015.