Analyzing Royce & Associates LP Q3 2022 vs. Q4 2022 13F Holdings: Changes, Trends, and Insights

Royce & Associates LP, an investment management firm founded by Chuck Royce in 1972, recently released its Q4 2022 13F Holdings report. The portfolio’s total value increased from $8.06 billion in Q3 2022 to $8.47 billion in Q4 2022. The report revealed several changes in holdings from Q3 2022 to Q4 2022. In this blog post, we will analyze the data and discuss the changes, trends, and insights it reveals.

The 13F report includes data on 50 of the firm’s holdings that experience a change in share value. These changes encompass a diverse range of companies from different sectors such as real estate, technology, and manufacturing. The companies with the most significant changes in holdings include Kennedy-Wilson Holdings Inc. (KW), Air Lease Corporation (AL), and Forward Air Corporation (FWRD).

KW, a leading global real estate investment firm, experienced a 12.6% increase in shares, with share values increasing from 5,874,001 to 6,501,309. The change in shares results in a corresponding increase in share value from $90.81 million to $102.26 million. AL, a U.S.-based aircraft leasing company, had a 22.5% decrease in shares, with share values decreasing from 2,562,407 to 2,533,976. The change in shares results in a corresponding increase in share value from $79.46 million to $97.36 million.

FWRD, a logistics and transportation services company, saw a 14.9% decrease in shares, with share values decreasing from 894,511 to 884,650. The change in shares results in a corresponding increase in share value from $80.74 million to $92.79 million. Looking at these examples, it is clear that the changes in shares result in either an increase or decrease in share value, which plays a vital role in determining the success of a portfolio.

The portfolio’s technology sector experienced several changes, with some companies recording an increase in shares, while others experienced a decrease. Innospec Inc. (IOSP), a global specialty chemicals and sustainable technologies company, had a 16.1% decrease in shares, with share values decreasing from 1,047,688 to 870,736. The change in shares results in a corresponding decrease in share value from $89.76 million to $89.56 million.

In contrast, Valmont Industries Inc. (VMI), a global leader in engineered products and services for infrastructure, had an 8.4% increase in shares, with share values increasing from 307,192 to 270,388. The change in shares results in a corresponding increase in share value from $82.51 million to $89.40 million. These changes indicate that the technology sector’s success is a combination of several factors such as market trends, company performance, and economic changes.

The report also reveals changes in holdings in the manufacturing sector. Quaker Houghton (KWR), a global provider of process fluids, chemical specialties, and technical expertise, had a 24.6% increase in shares, with share values increasing from 421,876 to 454,616. The change in shares results in a corresponding increase in share value from $60.91 million to $75.87 million. In contrast, Dorman Products Inc. (DORM), a supplier of automotive replacement parts, had a 13.9% decrease in shares, with share values decreasing from 683,835 to 597,708. The change in shares results in a corresponding decrease in share value from $56.16 million to $48.34 million.

The data from the report indicates that the manufacturing sector’s performance is also affected by several factors such as global market trends and economic changes. Companies that adapt and innovate are more likely to grow, while those that do not may face challenges.

In conclusion, the Royce & Associates LP Q4 2022 13F Holdings report provides valuable insights into the changing trends in the investment management firm’s portfolio. The data reveals that success is determined by several factors such as market trends, company performance, and economic changes. In general, it is crucial for investors to stay up-to-date with trends and changes in the market to make informed investment decisions.