Royce Micro-Cap Trust
RMT
98 hedge funds and large institutions have $174M invested in Royce Micro-Cap Trust in 2021 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 41 increasing their positions, 24 reducing their positions, and 11 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 24
45% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 11
3% more funds holding
Funds holding: 95 → 98 (+3)
3% less capital invested
Capital invested by funds: $179M → $174M (-$4.5M)
1.45% less ownership
Funds ownership: 35.38% → 33.93% (-1.5%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.69M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.37M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.02M |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$922K |
| 5 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
+$800K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$8.62M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$8.55M |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
-$3.17M |
| 4 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$1.36M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$936K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FIA
101
FNY Investment Advisers
New York
| – | -$137K | -12,000 | Closed |
|
102
HighTower Advisors
Chicago,
Illinois
| – | -$130K | -11,306 | Closed |
|
103
Mercer Global Advisors
Denver,
Colorado
| – | -$120K | -10,535 | Closed |
|
|
TAM
104
Tucker Asset Management
Littleton,
Colorado
| – | -$37.8K | -3,203 | Closed |
|
|
RCM
105
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$7K | -600 | Closed |
|
|
GWM
106
Geneos Wealth Management
Englewood,
Colorado
| – | -$2K | -224 | Closed |
|
107
Citigroup
New York
| – | -$1.39K | -119 | -99% |
|
|
FAG
108
Fortitude Advisory Group
Gig Harbor,
Washington
| – | +$128 | +11 | New |
|
109
Bessemer Group
Woodbridge,
New Jersey
| – | +$454 | +39 | New |
|
RMT Hedge Fund Activity: Q4 2021 in Review
98 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Royce Micro-Cap Trust (RMT) for Q4 2021, worth a combined $174M — down 2.5% from $179M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new RMT positions and 11 closed out — a net gain of 5 holders — while 41 added to existing stakes and 24 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2.69M. The largest seller was Karpus Investment Management, cutting an estimated $8.62M.
- 98 institutional investors held Royce Micro-Cap Trust (RMT) as of Q4 2021, up from 95 in Q3 2021.
- Funds reported $174M of Royce Micro-Cap Trust stock for Q4 2021, down 2.5% quarter-over-quarter.
- 16 funds opened new Royce Micro-Cap Trust positions in Q4 2021 and 11 closed out, a net change of +5 holders.
- The largest Royce Micro-Cap Trust buyer in Q4 2021 was Morgan Stanley, an estimated $2.69M added.
- The largest Royce Micro-Cap Trust seller in Q4 2021 was Karpus Investment Management, an estimated $8.62M sold.
Based on aggregated 13F filings for Q4 2021.