Encore Wire Corp Exits Highlight Chuck Royce's Latest Investment Moves

GuruFocus11-07

Insights from the 13F Filing for Q3 2024 Charles M. Royce, a notable figure in small-cap investing and the portfolio manager for Royce Pennsylvania Mutual Fund since 1972, recently disclosed his ...

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Royce, a notable figure in small-cap investing and the portfolio manager for Royce Pennsylvania Mutual Fund since 1972, recently disclosed his ...</p>\n\n<a href=\"https://www.gurufocus.com/news/2586697/encore-wire-corp-exits-highlight-chuck-royces-latest-investment-moves\">Source Link</a>\n\n</div>\n","source":"gurufocus_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Encore Wire Corp Exits Highlight Chuck Royce's Latest Investment Moves</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEncore Wire Corp Exits Highlight Chuck Royce's Latest Investment Moves\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-07 05:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.gurufocus.com/news/2586697/encore-wire-corp-exits-highlight-chuck-royces-latest-investment-moves><strong>GuruFocus</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Insights from the 13F Filing for Q3 2024 Charles M. Royce, a notable figure in small-cap investing and the portfolio manager for Royce Pennsylvania Mutual Fund since 1972, recently disclosed his ...</p>\n\n<a href=\"https://www.gurufocus.com/news/2586697/encore-wire-corp-exits-highlight-chuck-royces-latest-investment-moves\">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":"WIRE","symbol_name":"Encore Wire Corporation","start_time":0,"source_url":"https://www.gurufocus.com/news/2586697/encore-wire-corp-exits-highlight-chuck-royces-latest-investment-moves","article_id":"2481954561","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481954561","pubTimestamp":1730926877,"columns":[],"sourceInfo":{"source_id":"gurufocus_highlight","name":"GuruFocus"},"weMediaInfo":null,"summary":"Insights from the 13F Filing for Q3 2024 Charles M. Royce, a notable figure in small-cap investing and the portfolio manager for Royce Pennsylvania Mutual Fund since 1972, recently disclosed his investment activities for the third quarter of 2024 through the latest 13F filing. Royce, a graduate of Brown University with an MBA from Columbia University, focuses on companies with market capitalizations up to $10 billion. His investment philosophy centers on finding undervalued stocks with strong balance sheets, successful business histories, and promising futures.Summary of New Buys During the third quarter, Chuck Royce  added a total of 59 stocks to his portfolio. Noteworthy new additions include:. The investments span across all 11 industries, with significant concentrations in Industrials, Technology, and Financial Servic","collect":0,"end_time":0,"defaultTopTitle":"gurufocus.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"WIRE":"Encore Wire Corporation","BK4096":"电气部件与设备"},"translate_title":"Encore Wire Corp的退出凸显了Chuck Royce的最新投资举措","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WIRE":1},"content_text":"Insights from the 13F Filing for Q3 2024 Charles M. Royce, a notable figure in small-cap investing and the portfolio manager for Royce Pennsylvania Mutual Fund since 1972, recently disclosed his investment activities for the third quarter of 2024 through the latest 13F filing. Royce, a graduate of Brown University with an MBA from Columbia University, focuses on companies with market capitalizations up to $10 billion. His investment philosophy centers on finding undervalued stocks with strong balance sheets, successful business histories, and promising futures.Summary of New Buys During the third quarter, Chuck Royce (Trades, Portfolio) added a total of 59 stocks to his portfolio. Noteworthy new additions include:\nCrescent Energy Co (CRGY, Financial), acquiring 1,017,856 shares valued at $11.15 million, making up 0.1% of the portfolio.Bioventus Inc (BVS, Financial), with 697,696 shares worth approximately $8.34 million, representing 0.08% of the portfolio.Ciena Corp (CIEN, Financial), adding 118,588 shares valued at $7.3 million, accounting for 0.07% of the portfolio. Key Position Increases Chuck Royce (Trades, Portfolio) also significantly increased his stakes in several companies, including:\nAcademy Sports and Outdoors Inc (ASO, Financial), where he added 365,929 shares, bringing the total to 951,256 shares. This increase represents a 62.52% rise in share count and a 0.19% impact on the portfolio, with a total value of $55.52 million.Axcelis Technologies Inc (ACLS, Financial), with an additional 167,235 shares, increasing the total to 273,671 shares. This adjustment marks a 157.12% rise in share count, valued at $28.69 million. Summary of Sold Out Positions Chuck Royce (Trades, Portfolio) completely exited several positions in the third quarter of 2024, including:\nEncore Wire Corp (WIRE, Financial), selling all 262,340 shares, which had a -0.71% impact on the portfolio.Teradata Corp (TDC, Financial), liquidating all 822,005 shares, resulting in a -0.27% portfolio impact. Key Position Reductions Significant reductions were also made in the portfolio, notably:\nRepay Holdings Corp (RPAY, Financial), where 3,044,098 shares were sold, resulting in a -72.95% decrease in shares and a -0.3% impact on the portfolio. The stock traded at an average price of $8.83 during the quarter.First Bancshares Inc (FBMS, Financial), reducing the stake by 737,576 shares, which is an -89.42% reduction, impacting the portfolio by -0.18%. The stock's average trading price was $30.96 during the quarter. Portfolio Overview As of the third quarter of 2024, Chuck Royce (Trades, Portfolio)'s portfolio included 863 stocks. The top holdings were:\nAir Lease Corp (AL, Financial) at 1.18%Arcosa Inc (ACA, Financial) at 1.18%Enovis Corp (ENOV, Financial) at 0.94%SEI Investments Co (SEIC, Financial) at 0.92%Kennedy-Wilson Holdings Inc (KW, Financial) at 0.9%\nThe investments span across all 11 industries, with significant concentrations in Industrials, Technology, and Financial Services.\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.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","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":"4.29.3","shortVersion":"4.29.3","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/2481954561"}