Royce & Associates Portfolio holdings
Royce & Associates, which does business as Royce Investment Partners, is a small-cap specialist whose main business is investing in smaller companies' stocks. Charles Royce, who began his career as a Wall Street equity analyst in the 1960s, started managing its flagship fund, Royce Small-Cap Fund, in 1972. The firm picks stocks from the bottom up, studying balance sheet strength, cash flow and returns on invested capital. In 1991 it launched a more concentrated fund and the widely diversified Royce Micro-Cap Fund. Royce joined Legg Mason in 2001, adopted the Royce Investment Partners name in December 2019, and is a subsidiary of Franklin Resources.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Saia
SAIA
|
+$30.5M |
| 2 |
TriMas Corp
TRS
|
+$29.5M |
| 3 |
Aaon
AAON
|
+$23.2M |
| 4 |
Warrior Met Coal
HCC
|
+$18.8M |
| 5 |
Lincoln Educational Services
LINC
|
+$16.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CBIZ
CBZ
|
+$47.8M |
| 2 |
Arcosa
ACA
|
+$42.9M |
| 3 |
Bio-Techne
TECH
|
+$37.3M |
| 4 |
AMERISAFE
AMSF
|
+$26.7M |
| 5 |
Luxfer Holdings
LXFR
|
+$21.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 26.08% |
| 2 | Technology | 18.2% |
| 3 | Financials | 14.67% |
| 4 | Consumer Discretionary | 13.08% |
| 5 | Healthcare | 9.64% |
No holdings matched the selected filter criteria.
Similar funds
Royce & Associates's Q3 2026 Portfolio in Review
As of Q3 2026, Royce & Associates held 826 positions worth $11B, down 12% from $12.4B the previous quarter. Its ten largest holdings account for 8.7% of the portfolio.
Royce & Associates withdrew a net $374M in Q3 2026, closing 45 positions and reducing 304 holdings. Its most notable exit was AMERISAFE, an estimated $26.7M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 26% of assets, down from 28% a quarter earlier, followed by Technology and Financials.
Against the trend, Royce & Associates opened a new position in TriMas Corp worth $28.7M.
- Royce & Associates's largest Q3 2026 buy was TriMas Corp: 743,259 shares worth $28.7M.
- Royce & Associates added most to Saia in Q3 2026, an estimated $30.5M increase.
- Royce & Associates's biggest Q3 2026 reduction was CBIZ, cutting an estimated $47.8M.
- Royce & Associates fully exited AMERISAFE in Q3 2026, selling an estimated $26.7M.
- Royce & Associates's ten largest holdings make up 8.7% of its $11B portfolio in Q3 2026.
- Royce & Associates opened 79 new positions and closed 45 in Q3 2026.
- Royce & Associates's portfolio value fell 12% quarter-over-quarter to $11B.
Based on Royce & Associates's 13F filing for Q3 2026, filed 9 Nov 2026.