Royce Value Trust
107 hedge funds and large institutions have $281M invested in Royce Value Trust in 2014 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 43 increasing their positions, 32 reducing their positions, and 8 closing their positions.
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
34% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 32
3% more funds holding
Funds holding: 104 → 107 (+3)
1.44% less ownership
Funds ownership: 27.89% → 26.45% (-1.4%)
12% less capital invested
Capital invested by funds: $317M → $281M (-$36.6M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$9.82M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$4M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$1.22M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$761K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$393K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$7.01M |
| 2 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
-$5.36M |
| 3 |
Cohen & Steers
New York
|
-$2.96M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$2.4M |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$1.57M |
RVT Hedge Fund Activity: Q3 2014 in Review
107 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q3 2014, worth a combined $281M — down 12% from $317M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new RVT positions and 8 closed out — a net gain of 3 holders — while 43 added to existing stakes and 32 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $9.82M. The largest seller was Gramercy Funds Management, cutting an estimated $7.01M.
- 107 institutional investors held Royce Value Trust (RVT) as of Q3 2014, up from 104 in Q2 2014.
- Funds reported $281M of Royce Value Trust stock for Q3 2014, down 12% quarter-over-quarter.
- 11 funds opened new Royce Value Trust positions in Q3 2014 and 8 closed out, a net change of +3 holders.
- The largest Royce Value Trust buyer in Q3 2014 was Morgan Stanley, an estimated $9.82M added.
- The largest Royce Value Trust seller in Q3 2014 was Gramercy Funds Management, an estimated $7.01M sold.
Based on aggregated 13F filings for Q3 2014.