Royce Value Trust
144 hedge funds and large institutions have $252M invested in Royce Value Trust in 2018 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 45 increasing their positions, 38 reducing their positions, and 16 closing their positions.
150% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 16
19% more funds holding
Funds holding: 121 → 144 (+23)
18% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 38
0.02% less ownership
Funds ownership: 25.75% → 25.73% (-0.02%)
28% less capital invested
Capital invested by funds: $350M → $252M (-$97.4M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$5.29M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$3.97M |
| 3 |
HI
HBK Investments
Dallas,
Texas
|
+$3.65M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$3.6M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$3.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$18.6M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$12.4M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$5.29M |
| 4 |
Morgan Stanley
New York
|
-$3.95M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$3.75M |
RVT Hedge Fund Activity: Q4 2018 in Review
144 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q4 2018, worth a combined $252M — down 28% from $350M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new RVT positions and 16 closed out — a net gain of 24 holders — while 45 added to existing stakes and 38 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $5.29M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $18.6M sold.
- 144 institutional investors held Royce Value Trust (RVT) as of Q4 2018, up from 121 in Q3 2018.
- Funds reported $252M of Royce Value Trust stock for Q4 2018, down 28% quarter-over-quarter.
- 40 funds opened new Royce Value Trust positions in Q4 2018 and 16 closed out, a net change of +24 holders.
- The largest Royce Value Trust buyer in Q4 2018 was Wolverine Asset Management, an estimated $5.29M added.
- The largest Royce Value Trust seller in Q4 2018 was Raymond James Financial Services Advisors, an estimated $18.6M sold.
Based on aggregated 13F filings for Q4 2018.