Royce Value Trust
115 hedge funds and large institutions have $306M invested in Royce Value Trust in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 52 increasing their positions, 33 reducing their positions, and 23 closing their positions.
58% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 33
2.82% less ownership
Funds ownership: 29.99% → 27.17% (-2.8%)
5% less capital invested
Capital invested by funds: $323M → $306M (-$16.4M)
13% less funds holding
Funds holding: 132 → 115 (-17)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
70% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 23
Top Buyers
| 1 |
Lazard Asset Management
New York
|
+$16.4M |
| 2 |
Morgan Stanley
New York
|
+$3.09M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.08M |
| 4 |
Millennium Management
New York
|
+$1.64M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.45M |
Top Sellers
| 1 |
UBS Group
Zurich,
Switzerland
|
-$18.8M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$7.31M |
| 3 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$7.09M |
| 4 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$5.55M |
| 5 |
MC
Matisse Capital
Portland,
Oregon
|
-$4.07M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OFG
126
OTA Financial Group
Purchase,
New York
| – | -$238K | -17,849 | Closed |
|
|
BG
127
Bahl & Gaynor
Cincinnati,
Ohio
| – | -$228K | -17,000 | Closed |
|
|
TC
128
TFS Capital
West Chester,
Pennsylvania
| – | -$198K | -14,757 | Closed |
|
|
RTS
129
Round Table Services
Westfield,
New Jersey
| – | -$178K | -13,269 | Closed |
|
130
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$73K | -5,469 | Closed |
|
|
AA
131
Advisory Alpha
Holland,
Michigan
| – | -$68K | -4,764 | Closed |
|
|
MFBTD
132
MB Financial Bank - Trust Department
Rosemont,
Illinois
| – | -$54K | -4,028 | Closed |
|
|
FNBT
133
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$41K | -3,057 | Closed |
|
|
MBT
134
Montecito Bank & Trust
Santa Barbara,
California
| – | -$36K | -2,723 | Closed |
|
|
WAM
135
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | -$10.2K | -732 | -99% |
|
RVT Hedge Fund Activity: Q1 2017 in Review
115 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q1 2017, worth a combined $306M — down 5.1% from $323M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of RVT and 7 opened new positions — a net loss of 16 holders — while 33 trimmed existing stakes and 52 added.
The largest buyer was Lazard Asset Management, opening a new position worth an estimated $16.4M. The largest seller was UBS Group, cutting an estimated $18.8M.
- 115 institutional investors held Royce Value Trust (RVT) as of Q1 2017, down from 132 in Q4 2016.
- Funds reported $306M of Royce Value Trust stock for Q1 2017, down 5.1% quarter-over-quarter.
- 7 funds opened new Royce Value Trust positions in Q1 2017 and 23 closed out, a net change of -16 holders.
- The largest Royce Value Trust buyer in Q1 2017 was Lazard Asset Management, an estimated $16.4M added.
- The largest Royce Value Trust seller in Q1 2017 was UBS Group, an estimated $18.8M sold.
Based on aggregated 13F filings for Q1 2017.