Royce Value Trust
109 hedge funds and large institutions have $314M invested in Royce Value Trust in 2017 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 49 increasing their positions, 37 reducing their positions, and 12 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
32% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 37
3% more capital invested
Capital invested by funds: $305M → $314M (+$9.41M)
1.92% less ownership
Funds ownership: 25.94% → 24.02% (-1.9%)
6% less funds holding
Funds holding: 116 → 109 (-7)
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$9.86M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.55M |
| 3 |
MPWT
MassMutual Private Wealth & Trust
Windsor,
Connecticut
|
+$1.51M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.29M |
| 5 |
Morgan Stanley
New York
|
+$1.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$6.65M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.47M |
| 3 |
SCM
Saba Capital Management
New York
|
-$4.4M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$3.48M |
| 5 |
KLI
Kelman-Lazarov Inc
Memphis,
Tennessee
|
-$2.16M |
RVT Hedge Fund Activity: Q3 2017 in Review
109 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q3 2017, worth a combined $314M — up 3.1% from $305M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of RVT and 6 opened new positions — a net loss of 6 holders — while 37 trimmed existing stakes and 49 added.
The largest buyer was Wells Fargo, adding an estimated $9.86M. The largest seller was Relative Value Partners Group, exiting entirely with an estimated $6.65M sold.
- 109 institutional investors held Royce Value Trust (RVT) as of Q3 2017, down from 116 in Q2 2017.
- Funds reported $314M of Royce Value Trust stock for Q3 2017, up 3.1% quarter-over-quarter.
- 6 funds opened new Royce Value Trust positions in Q3 2017 and 12 closed out, a net change of -6 holders.
- The largest Royce Value Trust buyer in Q3 2017 was Wells Fargo, an estimated $9.86M added.
- The largest Royce Value Trust seller in Q3 2017 was Relative Value Partners Group, an estimated $6.65M sold.
Based on aggregated 13F filings for Q3 2017.