On December 31, 2023, Chuck Royce (Trades, Portfolio)'s investment firm made a notable addition to its investment portfolio by acquiring 980,085 shares of Richardson Electronics Ltd (NASDAQ:RELL), a company specializing in engineered solutions and electronic components. Charles M. Royce, a distinguished figure in the investment world, is renowned for pioneering small-cap investing. As the portfolio manager for Royce Pennsylvania Mutual Fund since 1972, Royce has built a reputation for his value investing philosophy.