1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Dianne Tordillo
Dianne Tordillo
Articles (179)  | Author's Website |

Chuck Royce’s Q4 Updates, Plus His Largest Increase and Reduction

Guru Chuck Royce of Royce & Associates has reported a total of 69 transactions in his fourth quarter portfolio updates, which consisted of 28 stake increases and 41 stake reductions.

Keeping small-cap stocks at the core of his funds, Royce manages 1,401 stocks in total, valued at $31.3 billion as of this latest update. His portfolio has a quarter-over-quarter turnover rate of 3 percent.

Currently, Royce’s top holdings are:

1. Lincoln Electric Holdings Inc. (NASDAQ:LECO), which makes up 1 percent of his portfolio and 9.66 percent of shares outstanding.

2. Buckle Inc. (NYSE:BKE), which makes up 1 percent of his portfolio and 14.94 percent of shares outstanding.

3. Westlake Chemical Corp. (NYSE:WLK) which makes up 1 percent of his portfolio and 6.74 percent of shares outstanding.

4. Teradyne Inc. (NYSE:TER) which makes up 0.99 percent of his portfolio and 11.65 percent of shares outstanding.

5. Reliance Steel and Aluminum (NYSE:RS), which makes up 0.99 percent of his portfolio and 7.87 percent of shares outstanding.

The fund’s sector weightings is as follows:

Technology 25.80%
Consumer Cyclical 16.80%
Basic Materials 11.00%
Financial Servies 10.30%
Healthcare 6%
Consumer Defensive 4.10%
Energy 2.80%
Industrials 2%
Real Estate 1.70%
Utilities 0.40%
Communications Services 0.40%

Below are Royce’s largest stake increases among his fourth quarter updates, as well as his largest stake reduction.

Alamo Group Inc. (NYSE:ALG)

Royce added 34.51 percent to his position in agriculture equipment manufacturer, Alamo Group. Royce has kept his holding pretty low over the years, until now, as he reached over 1 million shares after the recent purchase. In the third quarter, he only had 756,725 shares.

Alamo Group operates 18 plants in North America and Europe and is headquartered in England. Some of its products include truck and tractor mounted mowers, street sweepers, snow removal equipment and pothole patchers.

Trading at $34.30, the stock’s promising future is backed by at least 88.42 percent in returns in the last five years. Besides Royce, Alamo has captured the likes of Third Avenue Management, Joel Greenblatt and Jim Simons (Guru Trades: ALG).

To view its financial stats, visit 10-Year Financials.

Meadowbrook Insurance Group Inc. (MIG)

Royce shed 93.85 percent of his shares of Meadowbrook Insurance Group.

After selling the shares, Royce is left with a little over 225,000, compared to 4.2 million shares Royce had at one point during his holding history. In five years, the stock has declined in value by 35.21 percent.

Founded in 1955, Meadowbrook focuses on three segments of specialty insurance: insurance carrier operations, insurance services and retail/wholesale insurance agency operations. The company operates six insurance carriers and is nationally licensed. Insurance business ratings provider, A.M. Best, issued Meadowbrook a financial strength rating, as well as an issuer credit rating of A- (Excellent).

On GuruFocus, the company has a rating of 1 star in Business Predictability, 6 in Financial Strength and 6 in Profitability and Growth. It is currently trading at $5.96, down 0.5 percent this afternoon.

To view its financial stats, visit 10-Year Financials.

View Chuck Royce’s latest trades at Stock Picks. Also view his undervalued stocks, high-yield companies and top growth stocks.

Hurry and Get the GuruFocus 15% Off Premium Membership Deal!

GuruFocus’ long list of Premium Membership perks provides many opportunities to follow your favorite Gurus and stocks more closely. If you are not a Premium Member yet, we invite you to take advantage of our limited-time offer of 15% off our normal Premium Membership rate. Click on GuruFocus New Year Discount now!

About the author:

Dianne Tordillo
Dianne Tordillo is staff writer for GuruFocus.com. She reports on a variety of financial news, primarily dealing with investor portfolios and stock trades. Her articles also highlight insider trades, as well as the many useful features of GuruFocus.

Visit Dianne Tordillo's Website

Rating: 2.9/5 (7 votes)


Please leave your comment:

GuruFocus has detected 7 Warning Signs with Lincoln Electric Holdings Inc $LECO.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by Dianne Tordillo

User Generated Screeners

canidPE >50th percentile of INDUSTR
brucexoct 17 user defined screen
AngryQuality Growth cheap
EnjoylifeDad 1
punjanoot2007a academy+joe
kltan12LOW PB/PS
carlentValue - Short
carlentValue - Long
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat