Chuck Royce's Strategic Moves: A Closer Look at Kennedy-Wilson Holdings Inc.
Chuck Royce (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into his investment moves during this period. Charles M. Royce is known as one of the pioneers of small-cap investing. He has been the portfolio manager for Royce Pennsylvania Mutual Fund since 1972. Royce holds a bachelor's degree from Brown University and a Master of Business Administration from Columbia University. The firm invests in smaller companies, primarily those with market capitalizations up to $5 billion, although some of its Funds may invest in companies with market capitalizations up to $10 billion. The value approaches that portfolio managers use share one significant trait: They are looking for terrific stocks trading for less than the estimate of the company's worth as a business - its enterprise value. "Essentially, we are interested in three thingsa strong balance sheet, a record of success as a business, and the potential for a profitable future." - Charles M. Royce
Warning! GuruFocus has detected 7 Warning Signs with SEIC.
Summary of New Buy
Chuck Royce (Trades, Portfolio) added a total of 54 stocks, among them:
The most significant addition was Graphic Packaging Holding Co (NYSE:GPK), with 1,076,587 shares, accounting for 0.23% of the portfolio and a total value of $22.68 million.
The second largest addition to the portfolio was Repligen Corp (NASDAQ:RGEN), consisting of 89,522 shares, representing approximately 0.11% of the portfolio, with a total value of $11.13 million.
The third largest addition was Douglas Dynamics Inc (NYSE:PLOW), with 317,433 shares, accounting for 0.1% of the portfolio and a total value of $9.35 million.
Key Position Increases
Chuck Royce (Trades, Portfolio) also increased stakes in a total of 325 stocks, among them:
The most notable increase was Evercore Inc (NYSE:EVR), with an additional 111,885 shares, bringing the total to 146,085 shares. This adjustment represents a significant 327.15% increase in share count, a 0.31% impact on the current portfolio, with a total value of $39.45 million.
The second largest increase was Installed Building Products Inc (NYSE:IBP), with an additional 130,221 shares, bringing the total to 370,630. This adjustment represents a significant 54.17% increase in share count, with a total value of $66.83 million.
Summary of Sold Out
Chuck Royce (Trades, Portfolio) completely exited 69 holdings in the second quarter of 2025, as detailed below:
Faro Technologies Inc (FARO): Chuck Royce (Trades, Portfolio) sold all 1,053,329 shares, resulting in a -0.31% impact on the portfolio.
Fabrinet (NYSE:FN): Chuck Royce (Trades, Portfolio) liquidated all 64,555 shares, causing a -0.14% impact on the portfolio.
Key Position Reduces
Chuck Royce (Trades, Portfolio) also reduced positions in 318 stocks. The most significant changes include:
Reduced Kennedy-Wilson Holdings Inc (NYSE:KW) by 4,471,212 shares, resulting in a -59.08% decrease in shares and a -0.42% impact on the portfolio. The stock traded at an average price of $6.7 during the quarter and has returned 25.46% over the past 3 months and -21.55% year-to-date.
Reduced Air Lease Corp (NYSE:AL) by 620,395 shares, resulting in a -30% reduction in shares and a -0.32% impact on the portfolio. The stock traded at an average price of $51.99 during the quarter and has returned 3.43% over the past 3 months and 15.64% year-to-date.
Portfolio Overview
At the second quarter of 2025, Chuck Royce (Trades, Portfolio)'s portfolio included 782 stocks, with top holdings including 1.13% in SEI Investments Co (NASDAQ:SEIC), 1.12% in Arcosa Inc (NYSE:ACA), 0.97% in Haemonetics Corp (NYSE:HAE), 0.93% in MKS Inc (NASDAQ:MKSI), and 0.87% in Air Lease Corp (NYSE:AL).
The holdings are mainly concentrated in 11 industries: Industrials, Technology, Financial Services, Consumer Cyclical, Healthcare, Basic Materials, Energy, Consumer Defensive, Communication Services, Real Estate, and Utilities.
This 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 GuruFocus.
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