Royce Value Trust
159 hedge funds and large institutions have $454M invested in Royce Value Trust in 2020 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 52 increasing their positions, 49 reducing their positions, and 12 closing their positions.
150% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 12
36% more capital invested
Capital invested by funds: $333M → $454M (+$121M)
11% more funds holding
Funds holding: 143 → 159 (+16)
1.8% more ownership
Funds ownership: 26.21% → 28% (+1.8%)
6% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 49
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$10.6M |
| 2 |
Morgan Stanley
New York
|
+$8.76M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$6.29M |
| 4 |
Cohen & Steers
New York
|
+$4.4M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$3.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.79M |
| 2 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
-$1.98M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.78M |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$1.24M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.24M |
RVT Hedge Fund Activity: Q4 2020 in Review
159 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q4 2020, worth a combined $454M — up 36% from $333M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new RVT positions and 12 closed out — a net gain of 18 holders — while 52 added to existing stakes and 49 trimmed.
The largest buyer was Bank of America, adding an estimated $10.6M. The largest seller was Cornerstone Advisors, exiting entirely with an estimated $2.79M sold.
- 159 institutional investors held Royce Value Trust (RVT) as of Q4 2020, up from 143 in Q3 2020.
- Funds reported $454M of Royce Value Trust stock for Q4 2020, up 36% quarter-over-quarter.
- 30 funds opened new Royce Value Trust positions in Q4 2020 and 12 closed out, a net change of +18 holders.
- The largest Royce Value Trust buyer in Q4 2020 was Bank of America, an estimated $10.6M added.
- The largest Royce Value Trust seller in Q4 2020 was Cornerstone Advisors, an estimated $2.79M sold.
Based on aggregated 13F filings for Q4 2020.