Chuck Royce (Trades, Portfolio) of The Royce Funds, a family of mutual funds whose Premier Fund returned nearly 28% in 2013, owns more than 1,200 stocks with a total value of $23.67 billion and a quarter-over-quarter turnover rate of 4%.
Royce purchased Quest Advisory Corp. in 1972; the name was changed to Royce & Associates (which serves as investment adviser to all Royce portfolios) in 1997.
Nearly one-quarter of Royce’s portfolio consists of stocks in the Industrials sector. Another 22% of his holdings can be found in the Consumer Cyclical sector. The third-largest group is made up of stocks in the Technology sector (19.9%).
Here is a glance at the three most heavily weighted stocks in his portfolio.
Buckle Inc.
Buckle Inc. (BKE, Financial) is a Kearney, Neb.-based retailer selling clothing, footwear and accessories for young men and women. Royce owns 6,640,083 shares of Buckle valued at $303.9 million.
GuruFocus has given Buckle a Financial Strength score of 9/10 and a Profitability & Growth score of 7/10.
As of June 30, Buckle’s weighting in Royce’s portfolio was 1.28%.
Buckle is in the Retail – Apparel & Specialty industry. It has a market cap of $1.84 billion and an enterprise value of $1.69 billion. It has a P/E of 11.6, a forward P/E of 11.2, a P/B of 4.7 and a P/S of 1.6.
Royce is Buckle’s leading shareholder among the gurus; Joel Greenblatt (Trades, Portfolio), Scott Black (Trades, Portfolio), Jim Simons (Trades, Portfolio), James Barrow (Trades, Portfolio) and Murray Stahl (Trades, Portfolio) also have shares of Buckle in their portfolios.
Currently Buckle sells for $37.94 per share.
MKS Instruments Inc.
MKS Instruments Inc. (MKSI, Financial), an Andover, Mass.-based provider of instruments that measure aspects of manufacturing processes. Royce owns 6,810,936 shares of the company with a value of $258.4 million.
GuruFocus has given MKS Instruments a Financial Strength score of 8/10 and a Profitability & Growth score of 7/10.
As of June 30, MKS Instruments’ weighting in Royce’s portfolio was 1.09%.
MKS Instruments is in the Computer Hardware industry. It has a market cap of $1.8 billion and an enterprise value of $1.44 billion. It has a P/E of 13.8, a forward P/E of 13.3, a P/B of 1.6 and a P/S of 2.2.
Royce is MKS Instruments’ leading shareholder among the gurus; Ken Fisher (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), NWQ Managers (Trades, Portfolio), Jim Simons (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of MKS Instruments in their portfolios.
Currently MKS Instruments sells for $33.92 per share.
UniFirst Corp.
UniFirst Corp. (UNF, Financial), a Wilmington, Mass.-based company that makes, rents and sells uniforms and protective clothing, was founded in 1936 in a horse barn that was converted into a makeshift store. Royce owns 2,218,033 shares with a value of $248.1 million.
GuruFocus has given UniFirst a Financial Strength score of 8/10 and a Profitability & Growth score of 8/10.
As of June 30, UniFirst’s weighting in Royce’s portfolio was 1.05%.
UniFirst is in the Manufacturing – Apparel & Furniture industry. It has a market cap of $2.22 billion and an enterprise value of $1.98 billion. It has a P/E of 17.7, a forward P/E of 16.7, a P/B of 1.8 and a P/S of 1.5.
Royce is UniFirst’s leading shareholder among the gurus; Joel Greenblatt (Trades, Portfolio), Tweedy Browne (Trades, Portfolio), Jim Simons (Trades, Portfolio), Third Avenue Management (Trades, Portfolio), Robert Olstein (Trades, Portfolio), James Barrow (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of UniFirst in their portfolios.
Currently UniFirst sells for $108.82 per share.
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