Royce Micro-Cap Trust
RMT
47 hedge funds and large institutions have $90.2M invested in Royce Micro-Cap Trust in 2013 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 28 increasing their positions, 10 reducing their positions, and 6 closing their positions.
180% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 10
14% more capital invested
Capital invested by funds: $78.8M → $90.2M (+$11.4M)
1.45% more ownership
Funds ownership: 22.82% → 24.27% (+1.5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
2% less funds holding
Funds holding: 48 → 47 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.15M |
| 2 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
+$2.89M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$625K |
| 4 |
SG Americas Securities
New York
|
+$380K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$269K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.63M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$660K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$603K |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$450K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$416K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VKH
51
Virtu KCG Holdings
New York
| – | -$132K | -11,269 | Closed |
|
52
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$20K | -1,706 | Closed |
|
|
TRCT
53
Tower Research Capital (TRC)
New York
| – | -$4K | -300 | Closed |
|
RMT Hedge Fund Activity: Q4 2013 in Review
47 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Royce Micro-Cap Trust (RMT) for Q4 2013, worth a combined $90.2M — up 14% from $78.8M a quarter earlier.
Fund positioning in RMT was balanced in Q4 2013: 6 funds opened new positions, 6 closed out, 28 added to existing stakes and 10 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.15M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $1.63M sold.
- 47 institutional investors held Royce Micro-Cap Trust (RMT) as of Q4 2013, down from 48 in Q3 2013.
- Funds reported $90.2M of Royce Micro-Cap Trust stock for Q4 2013, up 14% quarter-over-quarter.
- 6 funds opened new Royce Micro-Cap Trust positions in Q4 2013 and 6 closed out, a net change of 0 holders.
- The largest Royce Micro-Cap Trust buyer in Q4 2013 was Morgan Stanley, an estimated $3.15M added.
- The largest Royce Micro-Cap Trust seller in Q4 2013 was Shaker Financial Services, an estimated $1.63M sold.
Based on aggregated 13F filings for Q4 2013.