Royce Value Trust
130 hedge funds and large institutions have $305M invested in Royce Value Trust in 2018 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 47 increasing their positions, 45 reducing their positions, and 8 closing their positions.
150% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 8
9% more funds holding
Funds holding: 119 → 130 (+11)
4% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 45
0.27% less ownership
Funds ownership: 23.83% → 23.56% (-0.27%)
5% less capital invested
Capital invested by funds: $320M → $305M (-$15M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$4.52M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.45M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$1.86M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.59M |
| 5 |
Citigroup
New York
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.78M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$3.55M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$3.45M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$1.8M |
| 5 |
LCM
Laurion Capital Management
New York
|
-$1.56M |
RVT Hedge Fund Activity: Q1 2018 in Review
130 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q1 2018, worth a combined $305M — down 4.7% from $320M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new RVT positions and 8 closed out — a net gain of 12 holders — while 47 added to existing stakes and 45 trimmed.
The largest buyer was Yakira Capital Management, opening a new position worth an estimated $4.52M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.78M.
- 130 institutional investors held Royce Value Trust (RVT) as of Q1 2018, up from 119 in Q4 2017.
- Funds reported $305M of Royce Value Trust stock for Q1 2018, down 4.7% quarter-over-quarter.
- 20 funds opened new Royce Value Trust positions in Q1 2018 and 8 closed out, a net change of +12 holders.
- The largest Royce Value Trust buyer in Q1 2018 was Yakira Capital Management, an estimated $4.52M added.
- The largest Royce Value Trust seller in Q1 2018 was Rivernorth Capital Management, an estimated $3.78M sold.
Based on aggregated 13F filings for Q1 2018.