Chuck Royce’s New Stock Picks

Chuck Royce‘s fund Royce & Associates has tweaked its equity portfolio recently, disclosing several moves into its holdings. One of them is CSS Industries Inc (NYSE:CSS), in which Royce has slightly reduced its stake to 1.38 million shares, from 1.39 million disclosed at the end of September. Royce’s position, currently amasses 14.87% of the company’s stock.

Chuck Royce

CSS Industries Inc (NYSE:CSS), a consumer products company, designs, manufactures, and distributes all occasion social expression products. Peter Algert and Kevin Coldiron’s Algert Coldiron Investors, holds less significant position in CSS Industries, amassing 42,019 shares, representing a value of $1.01 million. Jim Simons’ Renaissance Technologies has trimmed its stake in the company, in the third quarter by 34%, and currently holds 30,799 shares.

In The Buckle, Inc. (NYSE:BKE), the fund has been bullish recently, and increased its position to 7.66 million shares, from 7.61 million owned previously. Following the increase, Royce & Associates owns 15.85% of The Buckle’s common stock.

The Buckle, Inc. (NYSE:BKE), is a retailer of apparel, footwear, and accessories for men and women. It has over 450 stores in 43 states. Aside from, Royce & Associates, another hedge fund with less significant position in The Buckle, Inc. (NYSE:BKE), is Gotham Asset Management, led by Joel Greenblatt, currently holds 200,467 million shares, worth $10.85 million. The fund amassed 35% of these shares in the third quarter of 2013.

The next on the list is Brooks Automation, Inc. (USA) (NASDAQ:BRKS), in which Royce currently owns 3.62 million shares, equal to 5.43% of the common stock. Earlier the fund owned over 4.06 million shares of the company.

Brooks Automation, Inc. (USA) (NASDAQ:BRKS), provides automation, vacuum, and instrumentation solutions for front end semiconductor manufacturing, life sciences, clean energy and various other markets. Bernard Horn’s Polaris Capital Management, has also trimmed its stake in Brooks Automation by 84% to 505,959 shares. Another fund, with less significant position is Grt Capital Partners, managed by Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk, owns 135,000 shares.

In Brady Corp (NYSE:BRC), Royce & Associates strengthened its exposure to 3.02 million shares, from 2.89 million held earlier. Currently, Royce’s holding is amassing 6.22% of the company’s class A common stock.

Brady Corp (NYSE:BRC), a leader in identification solutions that identify and protect premises, products and people. Another institutional investor, with a significant holding in Brady Corp (NYSE:BRC) is Ariel Investments, managed by John W. Rogers, which owns approximately 2.54 million shares. Pzena Investment Management led by Richard S. Pzena, also holds almost 1.40 million shares with a reported value of $42.73 million.

Chuck Royce’s Royce & Associates employs a value-based approach, and invests in small cap companies. The fund has uniformly invested in most of the companies, with 1.33% of its portfolio invested in Thor Industries, Inc. (NYSE:THO), amassing 5.41 million shares. Another company of which, the fund has bought 7.61 million shares is, Reliance Steel & Aluminum (NYSE:RS), worth $411.28 million.

Disclosure: none

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