Royce Micro-Cap Trust
RMT
105 hedge funds and large institutions have $227M invested in Royce Micro-Cap Trust in 2026 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 34 increasing their positions, 30 reducing their positions, and 7 closing their positions.
129% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 7
13% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 30
12% more capital invested
Capital invested by funds: $203M → $227M (+$23.9M)
7% more funds holding
Funds holding: 98 → 105 (+7)
1.11% more ownership
Funds ownership: 36.94% → 38.05% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.07M |
| 2 |
Lazard Asset Management
New York
|
+$3.49M |
| 3 |
WW
Waterfront Wealth
Overland Park,
Kansas
|
+$2.43M |
| 4 |
ACM
Altium Capital Management
New York
|
+$1.81M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$5.04M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.27M |
| 3 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
-$819K |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$818K |
| 5 |
DAS
Diversify Advisory Services
Sandy,
Utah
|
-$756K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
101
Allworth Financial
Folsom,
California
| $1.13K | – | – | – |
|
|
CFD
102
Creative Financial Designs
Kokomo,
Indiana
| $690 | – | – | – |
|
103
AssetMark Inc
Concord,
California
| $181 | – | – | – |
|
|
GCM
104
Gunpowder Capital Management
Towson,
Maryland
| $68 | – | – | – |
|
105
Fifth Third Bancorp
Cincinnati,
Ohio
| $45 | +$47 | +4 | New |
|
|
BTI
106
Blue Trust Inc
Alpharetta,
Georgia
| $2 | – | – | – |
|
|
DAS
107
Diversify Advisory Services
Sandy,
Utah
| – | -$756K | -65,302 | Closed |
|
|
1CP
108
1607 Capital Partners
Richmond,
Virginia
| – | -$514K | -49,327 | Closed |
|
|
SCM
109
Sage Capital Management
Stockton,
New Jersey
| – | -$132K | -12,700 | Closed |
|
|
HWMO
110
Heritage Wealth Management (Ohio)
Cincinnati,
Ohio
| – | -$129K | -12,345 | Closed |
|
|
MB
111
MidFirst Bank
Oklahoma City,
Oklahoma
| – | -$6.98K | -669 | Closed |
|
|
NL
112
Navalign LLC
Encino,
California
| – | -$5.81K | -557 | Closed |
|
|
HWP
113
Highline Wealth Partners
Sherman Oaks,
California
| – | -$2.09K | -200 | Closed |
|
RMT Hedge Fund Activity: Q1 2026 in Review
105 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Royce Micro-Cap Trust (RMT) for Q1 2026, worth a combined $227M — up 12% from $203M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new RMT positions and 7 closed out — a net gain of 9 holders — while 34 added to existing stakes and 30 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $4.07M. The largest seller was Shaker Financial Services, cutting an estimated $5.04M.
- 105 institutional investors held Royce Micro-Cap Trust (RMT) as of Q1 2026, up from 98 in Q4 2025.
- Funds reported $227M of Royce Micro-Cap Trust stock for Q1 2026, up 12% quarter-over-quarter.
- 16 funds opened new Royce Micro-Cap Trust positions in Q1 2026 and 7 closed out, a net change of +9 holders.
- The largest Royce Micro-Cap Trust buyer in Q1 2026 was Saba Capital Management, an estimated $4.07M added.
- The largest Royce Micro-Cap Trust seller in Q1 2026 was Shaker Financial Services, an estimated $5.04M sold.
Based on aggregated 13F filings for Q1 2026.