Royce Micro-Cap Trust
RMT
50 hedge funds and large institutions have $78.6M invested in Royce Micro-Cap Trust in 2014 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 16 increasing their positions, 21 reducing their positions, and 6 closing their positions.
3.38% less ownership
Funds ownership: 24.8% → 21.43% (-3.4%)
6% less funds holding
Funds holding: 53 → 50 (-3)
15% less capital invested
Capital invested by funds: $92.2M → $78.6M (-$13.6M)
24% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 21
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$801K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$123K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$109K |
| 4 |
AIG
American International Group
New York
|
+$94.2K |
| 5 |
NSAM
North Star Asset Management
Neenah,
Wisconsin
|
+$72.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$3.09M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$2.15M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.19M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$436K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$414K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1CP
51
1607 Capital Partners
Richmond,
Virginia
| – | -$414K | -32,777 | Closed |
|
52
KeyBank National Association
Cleveland,
Ohio
| – | -$324K | -25,669 | Closed |
|
53
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$204K | -16,216 | Closed |
|
|
MFS
54
MSI Financial Services
Springfield,
Massachusetts
| – | -$138K | -10,931 | Closed |
|
|
NSIM
55
North Star Investment Management
Chicago,
Illinois
| – | -$16K | -1,246 | Closed |
|
|
TRCT
56
Tower Research Capital (TRC)
New York
| – | +$492 | +40 | New |
|
RMT Hedge Fund Activity: Q3 2014 in Review
50 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Royce Micro-Cap Trust (RMT) for Q3 2014, worth a combined $78.6M — down 15% from $92.2M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of RMT and 3 opened new positions — a net loss of 3 holders — while 21 trimmed existing stakes and 16 added.
The largest buyer was Wells Fargo, adding an estimated $801K. The largest seller was Gramercy Funds Management, cutting an estimated $3.09M.
- 50 institutional investors held Royce Micro-Cap Trust (RMT) as of Q3 2014, down from 53 in Q2 2014.
- Funds reported $78.6M of Royce Micro-Cap Trust stock for Q3 2014, down 15% quarter-over-quarter.
- 3 funds opened new Royce Micro-Cap Trust positions in Q3 2014 and 6 closed out, a net change of -3 holders.
- The largest Royce Micro-Cap Trust buyer in Q3 2014 was Wells Fargo, an estimated $801K added.
- The largest Royce Micro-Cap Trust seller in Q3 2014 was Gramercy Funds Management, an estimated $3.09M sold.
Based on aggregated 13F filings for Q3 2014.