Chuck Royce’s Royce & Associates, in the latest 13F, revealed its equity portfolio held at the end of the fourth quarter of 2013. The fund disclosed an equity portfolio worth $34.90 billion, up from $33.62 billion held at the end of September 2013.
In this piece, we will take a quick look of the top five holdings in which the fund holds the largest long positions in terms of value. The first one is Thor Industries Inc. (NYSE:THO), in which the fund holds 7.52 million shares, worth $415.67 million. Thor Industries Inc. (NYSE:THO) is a manufacturer and seller of a range of recreation vehicles and small and mid-size buses in the United States and Canada.
The next is Reliance Steel & Aluminum (NYSE:RS), in which the fund disclosed a $405.14 million stake, which amasses 5.34 million shares. U.S.-based Reliance Steel & Aluminum (NYSE:RS) is the largest metals service center company in North America. The company provides value-added metals processing services and distributes a full line of over 100,000 metal products to more than 125,000 customers in a broad range of industries.
The third position is held by The Buckle Inc. (NYSE:BKE), in which Royce & Associates revealed holding 7.66 million shares, worth $402.61 million. The Buckle Inc. (NYSE:BKE) is a retailer of medium to better–priced casual apparel, footwear, and accessories for fashion–conscious young men and women.
In Unit Corporation (NYSE:UNT), the fund disclosed a $356.76 million stake, which amasses 6.91 million shares. Unit Corporation (NYSE:UNT) is engaged through its subsidiaries in oil and natural gas exploration, production, contract drilling and natural gas gathering and processing. In January, the company announced its operating segment capital expenditures budget of $928 million for 2014, a 26% increase over estimated 2013 capital expenditures.
Federated Investors Inc. (NYSE:FII) is the fifth holding in which the fund holds 12.34 million shares, with a reported value of $355.40 million. Federated Investors Inc. (NYSE:FII) provides investment management products and related financial services.