Royce Value Trust
102 hedge funds and large institutions have $271M invested in Royce Value Trust in 2015 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 46 increasing their positions, 31 reducing their positions, and 18 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 31
0.23% less ownership
Funds ownership: 26.1% → 25.87% (-0.23%)
1% less capital invested
Capital invested by funds: $274M → $271M (-$2.59M)
9% less funds holding
Funds holding: 112 → 102 (-10)
50% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 18
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.55M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.16M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$615K |
| 4 |
OC
Oppenheimer & Co
New York
|
+$440K |
| 5 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$397K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$4.26M |
| 2 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
-$2.37M |
| 3 |
CFN
Cordasco Financial Network
Naples,
Florida
|
-$2.15M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$782K |
| 5 |
LPL Financial
San Diego,
California
|
-$724K |
RVT Hedge Fund Activity: Q1 2015 in Review
102 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q1 2015, worth a combined $271M — down 0.95% from $274M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of RVT and 9 opened new positions — a net loss of 9 holders — while 31 trimmed existing stakes and 46 added.
The largest buyer was Morgan Stanley, adding an estimated $5.55M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $4.26M sold.
- 102 institutional investors held Royce Value Trust (RVT) as of Q1 2015, down from 112 in Q4 2014.
- Funds reported $271M of Royce Value Trust stock for Q1 2015, down 0.95% quarter-over-quarter.
- 9 funds opened new Royce Value Trust positions in Q1 2015 and 18 closed out, a net change of -9 holders.
- The largest Royce Value Trust buyer in Q1 2015 was Morgan Stanley, an estimated $5.55M added.
- The largest Royce Value Trust seller in Q1 2015 was Weiss Asset Management, an estimated $4.26M sold.
Based on aggregated 13F filings for Q1 2015.