Royce Value Trust
RVT
148 hedge funds and large institutions have $307M invested in Royce Value Trust in 2019 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 65 increasing their positions, 40 reducing their positions, and 10 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 40
60% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 10
22% more capital invested
Capital invested by funds: $252M → $307M (+$54.7M)
3% more funds holding
Funds holding: 144 → 148 (+4)
1.12% more ownership
Funds ownership: 25.73% → 26.86% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$18.4M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$2.8M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.68M |
| 4 |
Morgan Stanley
New York
|
+$1.59M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HI
HBK Investments
Dallas,
Texas
|
-$3.11M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.88M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$2.1M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.82M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$1.52M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CPP
151
Crow Point Partners
Boston,
Massachusetts
| – | -$417K | -35,552 | Closed |
|
152
Invesco
Atlanta,
Georgia
| – | -$119K | -10,082 | Closed |
|
|
CFG
153
Citizens Financial Group
Providence,
Rhode Island
| – | -$19K | -1,598 | Closed |
|
|
ZB
154
Zions Bancorporation
Salt Lake City,
Utah
| – | -$13K | -1,104 | Closed |
|
|
PA
155
Parallel Advisors
San Francisco,
California
| – | -$4K | -361 | Closed |
|
156
Fidelity Investments
Boston,
Massachusetts
| – | +$27 | +2 | +100% |
|
RVT Hedge Fund Activity: Q1 2019 in Review
148 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q1 2019, worth a combined $307M — up 22% from $252M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new RVT positions and 10 closed out — a net gain of 6 holders — while 65 added to existing stakes and 40 trimmed.
The largest buyer was Raymond James Financial Services Advisors, opening a new position worth an estimated $18.4M. The largest seller was HBK Investments, exiting entirely with an estimated $3.11M sold.
- 148 institutional investors held Royce Value Trust (RVT) as of Q1 2019, up from 144 in Q4 2018.
- Funds reported $307M of Royce Value Trust stock for Q1 2019, up 22% quarter-over-quarter.
- 16 funds opened new Royce Value Trust positions in Q1 2019 and 10 closed out, a net change of +6 holders.
- The largest Royce Value Trust buyer in Q1 2019 was Raymond James Financial Services Advisors, an estimated $18.4M added.
- The largest Royce Value Trust seller in Q1 2019 was HBK Investments, an estimated $3.11M sold.
Based on aggregated 13F filings for Q1 2019.