Chuck Royce of the eponymous Royce Funds focuses on small-cap fare (market cap of up to $5 billion, though sometimes as high as $10 billion). A value investor, he shops for companies that are trading for less than their enterprise value.
His portfolio contains 1,366 stocks, of which 90 are new in the first quarter, for a quarter-over-quarter turnover rate of 6%. The total value of the portfolio is $32.6 billion, with the top sectors concentrated in industrials (26.9%), technology (19.2%) and consumer cyclical (16.5%).
Here are his top 5 new buys of the first quarter:
Alamos Gold Inc. (AGI, Financial)
Royce purchased 4,144,100 shares of Alamos Gold for $15 per share on average in the first quarter. AGI shares have declined 36% year to date.
Alamos Gold Inc. has a market cap of $1.46 billion; its shares were traded at around $10.85 with a P/E ratio of 11.1 and P/S ratio of 4.1. The dividend yield of Alamos Gold Inc. stocks is 1%. Alamos Gold Inc. had an annual average earnings growth of 25.6% over the past five years
Artisan Partners Asset Management Inc. (APAM, Financial)
Royce purchased 719,636 shares of Artisan Partners Asset Management for $38 per share in the first quarter. APAM shares lost 25% year to date.
Artisan Partners Asset Management Inc. has a market cap of $2.55 billion; its shares were traded at around $37.98 with and P/S ratio of 5.
Era Group Inc. (ERA, Financial)
Royce purchased 1,270,983 shares of Era Group for $21 each on average in the first quarter. Era shares gained almost 28% year to date.
Era Group Inc has a market cap of $459.2 million; its shares were traded around $23.1 with and P/S ratio of 2.1.
PTC Inc. (PMTC, Financial)
Royce purchased 640,000 shares of PTC Group for $24 per share on average in the first quarter. He has previously traded this stock and sold out recently in the fourth quarter of 2012, as seen in his holding history chart below:
Parametric Technology Corporation was incorporated in Massachusetts in 1985. PTC Inc. has a market cap of $2.72 billion; its shares were traded around $22.07 with a P/E ratio of 17.4 and P/S ratio of 2.1. PTC Inc. had an annual average earnings growth of 8.3% over the past five years.
Trustmark Corporation (TRMK, Financial)
Royce purchased 581,500 shares of Trustmark Corp. for $24 per share on average in the first quarter. He has also previously traded this stock, as seen in his holding history chart below:
Trustmark Corporation is a bank holding company incorporated in Mississippi in 1968. Trustmark Corporation has a market cap of $1.51 billion; its shares were traded at around $22.94 with a P/E ratio of 12.8 and P/S ratio of 2.9. The dividend yield of Trustmark Corporation stocks is 4%. Trustmark Corporation had an annual average earnings growth of 0.1% over the past five years.
See more of Chuck Royce’s buys and sells in his portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Chuck Royce.
His portfolio contains 1,366 stocks, of which 90 are new in the first quarter, for a quarter-over-quarter turnover rate of 6%. The total value of the portfolio is $32.6 billion, with the top sectors concentrated in industrials (26.9%), technology (19.2%) and consumer cyclical (16.5%).
Here are his top 5 new buys of the first quarter:
Alamos Gold Inc. (AGI, Financial)
Royce purchased 4,144,100 shares of Alamos Gold for $15 per share on average in the first quarter. AGI shares have declined 36% year to date.
Alamos Gold Inc. has a market cap of $1.46 billion; its shares were traded at around $10.85 with a P/E ratio of 11.1 and P/S ratio of 4.1. The dividend yield of Alamos Gold Inc. stocks is 1%. Alamos Gold Inc. had an annual average earnings growth of 25.6% over the past five years
Artisan Partners Asset Management Inc. (APAM, Financial)
Royce purchased 719,636 shares of Artisan Partners Asset Management for $38 per share in the first quarter. APAM shares lost 25% year to date.
Artisan Partners Asset Management Inc. has a market cap of $2.55 billion; its shares were traded at around $37.98 with and P/S ratio of 5.
Era Group Inc. (ERA, Financial)
Royce purchased 1,270,983 shares of Era Group for $21 each on average in the first quarter. Era shares gained almost 28% year to date.
Era Group Inc has a market cap of $459.2 million; its shares were traded around $23.1 with and P/S ratio of 2.1.
PTC Inc. (PMTC, Financial)
Royce purchased 640,000 shares of PTC Group for $24 per share on average in the first quarter. He has previously traded this stock and sold out recently in the fourth quarter of 2012, as seen in his holding history chart below:
Parametric Technology Corporation was incorporated in Massachusetts in 1985. PTC Inc. has a market cap of $2.72 billion; its shares were traded around $22.07 with a P/E ratio of 17.4 and P/S ratio of 2.1. PTC Inc. had an annual average earnings growth of 8.3% over the past five years.
Trustmark Corporation (TRMK, Financial)
Royce purchased 581,500 shares of Trustmark Corp. for $24 per share on average in the first quarter. He has also previously traded this stock, as seen in his holding history chart below:
Trustmark Corporation is a bank holding company incorporated in Mississippi in 1968. Trustmark Corporation has a market cap of $1.51 billion; its shares were traded at around $22.94 with a P/E ratio of 12.8 and P/S ratio of 2.9. The dividend yield of Trustmark Corporation stocks is 4%. Trustmark Corporation had an annual average earnings growth of 0.1% over the past five years.
See more of Chuck Royce’s buys and sells in his portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Chuck Royce.
