On December 31, 2023, the investment firm managed by Charles M. Royce made a notable addition to its portfolio by acquiring 1,918,702 shares of PowerFleet Inc (NASDAQ:PWFL), a provider of wireless IoT and M2M solutions. This addition has a modest impact of 0.01% on the portfolio, bringing the total position in PowerFleet Inc to 0.07% of the firm's holdings and 5.16% of PowerFleet's outstanding shares.