Royce Micro-Cap Trust
RMT
94 hedge funds and large institutions have $187M invested in Royce Micro-Cap Trust in 2025 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 30 increasing their positions, 32 reducing their positions, and 11 closing their positions.
16% more capital invested
Capital invested by funds: $162M → $187M (+$25.5M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.31% less ownership
Funds ownership: 34.55% → 34.24% (-0.31%)
6% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 32
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
4% less funds holding
Funds holding: 98 → 94 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$11.2M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.08M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$1.29M |
| 4 |
TI
TrueMark Investments
Chicago,
Illinois
|
+$973K |
| 5 |
LPL Financial
San Diego,
California
|
+$614K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.47M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$1.65M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.34M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.16M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Citadel Advisors
Miami,
Florida
| – | -$99.7K | -10,777 | Closed |
|
|
ECM
102
Eisler Capital Management
London,
United Kingdom
| – | -$92.5K | -10,000 | Closed |
|
103
Citigroup
New York
| – | -$33.4K | -3,606 | Closed |
|
104
Fidelity Investments
Boston,
Massachusetts
| – | -$7.91K | -855 | Closed |
|
105
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$4.02K | -435 | Closed |
|
RMT Hedge Fund Activity: Q3 2025 in Review
94 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Royce Micro-Cap Trust (RMT) for Q3 2025, worth a combined $187M — up 16% from $162M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of RMT and 10 opened new positions — a net loss of 1 holder — while 32 trimmed existing stakes and 30 added.
The largest buyer was Saba Capital Management, adding an estimated $11.2M. The largest seller was Morgan Stanley, cutting an estimated $3.47M.
- 94 institutional investors held Royce Micro-Cap Trust (RMT) as of Q3 2025, down from 98 in Q2 2025.
- Funds reported $187M of Royce Micro-Cap Trust stock for Q3 2025, up 16% quarter-over-quarter.
- 10 funds opened new Royce Micro-Cap Trust positions in Q3 2025 and 11 closed out, a net change of -1 holder.
- The largest Royce Micro-Cap Trust buyer in Q3 2025 was Saba Capital Management, an estimated $11.2M added.
- The largest Royce Micro-Cap Trust seller in Q3 2025 was Morgan Stanley, an estimated $3.47M sold.
Based on aggregated 13F filings for Q3 2025.