Royce Value Trust
RVT
121 hedge funds and large institutions have $350M invested in Royce Value Trust in 2018 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 71 increasing their positions, 16 reducing their positions, and 15 closing their positions.
344% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 16
15% more capital invested
Capital invested by funds: $305M → $350M (+$45M)
2.52% more ownership
Funds ownership: 23.23% → 25.75% (+2.5%)
0% more funds holding
Funds holding: 121 → 121 (0)
0% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$12.3M |
| 2 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$4.92M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.75M |
| 4 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$2.66M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$2.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
-$5.95M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.19M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$1.44M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$860K |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$659K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCM
126
Hollencrest Capital Management
Newport Beach,
California
| – | -$166K | -10,500 | Closed |
|
|
SMFS
127
Squar Milner Financial Services
Irvine,
California
| – | -$105K | -6,653 | Closed |
|
128
SEI Investments
Oaks,
Pennsylvania
| – | -$34K | -2,173 | Closed |
|
|
CF
129
Centaurus Financial
Anaheim,
California
| – | -$33K | -2,104 | Closed |
|
|
RFM
130
Royal Fund Management
Lady Lake,
Florida
| – | -$25K | -1,610 | Closed |
|
|
BCA
131
Bay Colony Advisors
Concord,
Massachusetts
| – | -$20K | -1,277 | Closed |
|
|
NMC
132
Nine Masts Capital
Central,
Hong Kong
| – | -$6K | -400 | Closed |
|
133
JP Morgan Chase
New York
| – | -$3K | -200 | Closed |
|
134
Fidelity Investments
Boston,
Massachusetts
| – | +$16 | +1 | New |
|
|
HNB
135
Huntington National Bank
Columbus,
Ohio
| – | +$32 | +2 | New |
|
RVT Hedge Fund Activity: Q3 2018 in Review
121 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q3 2018, worth a combined $350M — up 15% from $305M a quarter earlier.
Fund positioning in RVT was balanced in Q3 2018: 15 funds opened new positions, 15 closed out, 71 added to existing stakes and 16 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $12.3M. The largest seller was Horizon Kinetics, cutting an estimated $5.95M.
- 121 institutional investors held Royce Value Trust (RVT) as of Q3 2018, unchanged from Q2 2018.
- Funds reported $350M of Royce Value Trust stock for Q3 2018, up 15% quarter-over-quarter.
- 15 funds opened new Royce Value Trust positions in Q3 2018 and 15 closed out, a net change of 0 holders.
- The largest Royce Value Trust buyer in Q3 2018 was Laurion Capital Management, an estimated $12.3M added.
- The largest Royce Value Trust seller in Q3 2018 was Horizon Kinetics, an estimated $5.95M sold.
Based on aggregated 13F filings for Q3 2018.