Royce Value Trust
107 hedge funds and large institutions have $315M invested in Royce Value Trust in 2013 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 25 increasing their positions, 61 reducing their positions, and 4 closing their positions.
350% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 4
14% more funds holding
Funds holding: 94 → 107 (+13)
1.64% more ownership
Funds ownership: 26.03% → 27.67% (+1.6%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
16% less capital inflows, than outflows
Capital inflows: $19.3M | Capital outflows: $23.1M
59% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 61
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.17M |
| 2 |
Weiss Asset Management
Boston,
Massachusetts
|
+$1.5M |
| 3 |
McAdams Wright Ragen
Seattle,
Washington
|
+$1.46M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$1.45M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.67M |
| 2 |
Relative Value Partners
Northbrook,
Illinois
|
-$2.62M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$2.29M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$2.06M |
| 5 |
Guggenheim Capital
Chicago,
Illinois
|
-$1.93M |
RVT Hedge Fund Activity: Q4 2013 in Review
107 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q4 2013, worth a combined $315M — up 6.7% from $295M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new RVT positions and 4 closed out — a net gain of 14 holders — while 25 added to existing stakes and 61 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.17M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.67M.
- 107 institutional investors held Royce Value Trust (RVT) as of Q4 2013, up from 94 in Q3 2013.
- Funds reported $315M of Royce Value Trust stock for Q4 2013, up 6.7% quarter-over-quarter.
- 18 funds opened new Royce Value Trust positions in Q4 2013 and 4 closed out, a net change of +14 holders.
- The largest Royce Value Trust buyer in Q4 2013 was Morgan Stanley, an estimated $5.17M added.
- The largest Royce Value Trust seller in Q4 2013 was Rivernorth Capital Management, an estimated $3.67M sold.
Based on aggregated 13F filings for Q4 2013.