Royce Micro-Cap Trust
RMT
80 hedge funds and large institutions have $80.8M invested in Royce Micro-Cap Trust in 2019 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 35 increasing their positions, 27 reducing their positions, and 7 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 27
5% less capital invested
Capital invested by funds: $84.6M → $80.8M (-$3.86M)
1% less funds holding
Funds holding: 81 → 80 (-1)
1.57% less ownership
Funds ownership: 27.02% → 25.45% (-1.6%)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.02M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$961K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$938K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$787K |
| 5 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$570K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Geode Capital Management
Boston,
Massachusetts
|
-$1.4M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.12M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$782K |
| 4 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$751K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$639K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCG
76
Private Capital Group
West Hartford,
Connecticut
| $2K | -$24.6K | -3,052 | -93% |
|
|
WAP
77
Wealthcare Advisory Partners
West Chester,
Pennsylvania
| $1K | -$49.3K | -6,128 | -99% |
|
78
Fifth Third Bancorp
Cincinnati,
Ohio
| $1K | +$16 | +2 | +2% |
|
|
SFS
79
Sowell Financial Services
North Little Rock,
Arkansas
| $1K | +$539 | +67 | New |
|
80
Millennium Management
New York
| – | -$326K | -39,712 | Closed |
|
|
CAN
81
Claraphi Advisory Network
Aliso Viejo,
United States
| – | -$256K | -31,161 | Closed |
|
82
MML Investors Services
Springfield,
Massachusetts
| – | -$250K | -30,363 | Closed |
|
|
CRC
83
Curi RMB Capital
Chicago,
Illinois
| – | -$232K | -28,247 | Closed |
|
|
CAM
84
Concorde Asset Management
Ann Arbor,
Michigan
| – | -$98K | -11,971 | Closed |
|
|
EVC
85
Eidelman Virant Capital
Saint Louis,
Missouri
| – | -$91K | -11,160 | Closed |
|
86
JP Morgan Chase
New York
| – | -$1K | -127 | Closed |
|
RMT Hedge Fund Activity: Q3 2019 in Review
80 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Royce Micro-Cap Trust (RMT) for Q3 2019, worth a combined $80.8M — down 4.6% from $84.6M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of RMT and 6 opened new positions — a net loss of 1 holder — while 27 trimmed existing stakes and 35 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $3.02M. The largest seller was Geode Capital Management, cutting an estimated $1.4M.
- 80 institutional investors held Royce Micro-Cap Trust (RMT) as of Q3 2019, down from 81 in Q2 2019.
- Funds reported $80.8M of Royce Micro-Cap Trust stock for Q3 2019, down 4.6% quarter-over-quarter.
- 6 funds opened new Royce Micro-Cap Trust positions in Q3 2019 and 7 closed out, a net change of -1 holder.
- The largest Royce Micro-Cap Trust buyer in Q3 2019 was Rivernorth Capital Management, an estimated $3.02M added.
- The largest Royce Micro-Cap Trust seller in Q3 2019 was Geode Capital Management, an estimated $1.4M sold.
Based on aggregated 13F filings for Q3 2019.