Chuck Royce's Strategic Moves: Spotlight on Advance Auto Parts Inc's 0.38% Portfolio Addition

GuruFocus.com02-13

Insights from the 13F Filing for Q4 2023: A Deep Dive into Royce's Investment Decisions Charles M. Royce, a venerated figure in small-cap investing, has once again made his mark with the latest 13F ...

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Royce, a venerated figure in small-cap investing, has once again made his mark with the latest 13F ...</p>\n\n<a href=\"https://finance.yahoo.com/news/chuck-royces-strategic-moves-spotlight-180340163.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FOXF","symbol_name":"Fox Factory Holding Corp.","start_time":0,"source_url":"https://finance.yahoo.com/news/chuck-royces-strategic-moves-spotlight-180340163.html","article_id":"2411878123","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/hJmruMNQyDXruRWzRCU3ZQ--~B/aD05MDI7dz0xMjQyO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/us.finance.gurufocus/38360fc03731a861d2c4d0ca388762c9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2411878123","pubTimestamp":1707761020,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Insights from the 13F Filing for Q4 2023: A Deep Dive into Royce's Investment Decisions. Charles M. Royce, a venerated figure in small-cap investing, has once again made his mark with the latest 13F filing for the fourth quarter of 2023. As the portfolio manager for Royce Pennsylvania Mutual Fund since 1972, Royce's investment acumen is grounded in his extensive experience and education, holding a bachelor's degree from Brown University and an MBA from Columbia University. His firm's focus on companies with market capitalizations up to $5 billion, and occasionally up to $10 billion, is driven by a value-oriented approach that seeks out stocks trading below their estimated enterprise value. Royce's investment philosophy is succinctly captured in his own words: \"We are interested in three thingsa strong balance sheet, a record of success as a business, and the potential for a profitable future.\". GuruFocus has detected 10 Warning Signs with ACA.Chuck Royce 's portfolio saw the addition o","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FOXF":"Fox Factory Holding Corp.","QID":"纳指两倍做空ETF","BK4120":"环境与设施服务","NGVT":"Ingevity Corporation When Issued","BK4588":"碎股","BK4115":"综合电信业务","BK4572":"航空租赁","IE00B19Z6F94.USD":"Legg Mason Royce - US Smaller Companies A Acc USD","PSQ":"纳指反向ETF","TQQQ":"纳指三倍做多ETF","ACA":"Arcosa Inc","BK4096":"电气部件与设备","IBP":"Installed Building Products, Inc.","QLD":"纳指两倍做多ETF","AVID":"艾维科技","BK4088":"住宅建筑",".IXIC":"NASDAQ Composite","HCCI":"Heritage-Crystal Clean","BK4124":"机动车零配件与设备","QQQ":"纳指100ETF","GSAT":"全球星","SQQQ":"纳指三倍做空ETF","BK4104":"贸易公司与经销商","BK4170":"电脑硬件、储存设备及电脑周边","BK4089":"非传统电信运营商","IDT":"万威","BK4109":"特种化学制品","BK4129":"建筑与工程","MKSI":"MKS仪器","BK4585":"ETF&股票定投概念","WIRE":"Encore Wire Corporation","BK4214":"汽车零售","AL":"航空租赁公司","BK4147":"半导体设备","IE00B64QTZ34.USD":"NEUBERGER BERMAN US SMALL CAP \"A\" (USD) ACC","AAP":"Advance Auto Parts Inc"},"translate_title":"查克·罗伊斯的战略举措：聚焦Advance Auto Parts Inc.0.38%的投资组合","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAP":1,"WIRE":1,"NGVT":1,"MKSI":1,"IDT":1,"IBP":1,"HCCI":1,"GSAT":1,"FOXF":1,"ACA":1,"AL":1,"AVID":1,".IXIC":0.86,"TQQQ":0.6,"SQQQ":0.6,"QQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"Insights from the 13F Filing for Q4 2023: A Deep Dive into Royce's Investment Decisions\nCharles M. Royce, a venerated figure in small-cap investing, has once again made his mark with the latest 13F filing for the fourth quarter of 2023. As the portfolio manager for Royce Pennsylvania Mutual Fund since 1972, Royce's investment acumen is grounded in his extensive experience and education, holding a bachelor's degree from Brown University and an MBA from Columbia University. His firm's focus on companies with market capitalizations up to $5 billion, and occasionally up to $10 billion, is driven by a value-oriented approach that seeks out stocks trading below their estimated enterprise value. Royce's investment philosophy is succinctly captured in his own words: \"We are interested in three thingsa strong balance sheet, a record of success as a business, and the potential for a profitable future.\"\n\nWarning! GuruFocus has detected 10 Warning Signs with ACA.\n\n\nSummary of New Buys\nChuck Royce (Trades, Portfolio)'s portfolio saw the addition of 55 new stocks in the last quarter. Noteworthy among these are:\n\nAdvance Auto Parts Inc (NYSE:AAP), with a purchase of 670,596 shares, now represents 0.38% of the portfolio, valued at $40.93 million.\nGlobalstar Inc (GSAT), with 10,243,955 shares, making up 0.18% of the portfolio, valued at $19.87 million.\nIDT Corp (NYSE:IDT), with 504,787 shares, accounting for 0.16% of the portfolio, valued at $17.21 million.\n\nKey Position Increases\nChuck Royce (Trades, Portfolio) also bolstered his stakes in 331 stocks, with significant increases in:\n\nInstalled Building Products Inc (NYSE:IBP), adding 113,769 shares for a total of 156,413 shares, marking a 266.79% increase in share count and a 0.19% impact on the portfolio, valued at $28.60 million.\nIngevity Corp (NYSE:NGVT), adding 406,932 shares for a total of 660,941 shares, a 160.2% increase in share count, valued at $31.21 million.\n\nSummary of Sold Out Positions\nExiting completely from 102 holdings, Chuck Royce (Trades, Portfolio) made the following significant sales:\n\nAvid Technology Inc (AVID), selling all 1,170,872 shares, impacting the portfolio by -0.32%.\nHeritage-Crystal Clean Inc (NASDAQ:HCCI), liquidating all 213,631 shares, with a -0.1% impact on the portfolio.\n\nKey Position Reductions\nReductions were made in 335 stocks, with the most substantial cuts in:\n\nFox Factory Holding Corp (NASDAQ:FOXF), reduced by 234,661 shares, a -82.44% decrease, impacting the portfolio by -0.24%. The stock traded at an average price of $72.96 during the quarter.\nEncore Wire Corp (NASDAQ:WIRE), reduced by 91,492 shares, a -23.24% reduction, impacting the portfolio by -0.17%. The stock traded at an average price of $190.39 during the quarter.\n\nPortfolio Overview\nAs of the fourth quarter of 2023, Chuck Royce (Trades, Portfolio)'s portfolio comprised 861 stocks. The top holdings included 1.11% in Arcosa Inc (NYSE:ACA), 1.09% in Air Lease Corp (NYSE:AL), and 1.06% in MKS Instruments Inc (NASDAQ:MKSI). The portfolio is well-diversified across all 11 industries, with significant concentrations in Industrials, Technology, and Financial Services.\n\n\nChuck Royce (Trades, Portfolio)'s latest 13F filing reveals a strategic approach to value investing, with a keen eye for potential and a disciplined commitment to his investment philosophy. As investors and enthusiasts alike dissect these moves, the insights gleaned from Royce's decisions will undoubtedly influence the market's pulse and provide valuable lessons for those looking to emulate his success.\nThis article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2411878123"}