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RMT

Royce Micro-Cap Trust

47 hedge funds and large institutions have $90.2M invested in Royce Micro-Cap Trust in 2013 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 28 increasing their positions, 10 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

180% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 10

14% more capital invested

Capital invested by funds: $78.8M → $90.2M (+$11.4M)

1.45% more ownership

Funds ownership: 22.82%24.27% (+1.5%)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 6

2% less funds holding

Funds holding: 4847 (-1)

Holders
47
Holders Change
-1
Holders Change %
-2.08%
% of All Funds
1.36%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
6
Increased
28
Reduced
10
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$22.8M +$3.15M +257,519 +17%
Wells Fargo
2
Wells Fargo
California
$11.1M -$316K -25,865 -3%
GFM
3
Gramercy Funds Management
Connecticut
$8.75M +$2.89M +236,570 +52%
U
4
UBS
Switzerland
$6.04M +$625K +51,158 +12%
BI
5
Bulldog Investors
New Jersey
$5.37M -$450K -36,843 -8%
NSAM
6
North Star Asset Management
Wisconsin
$4.82M -$123K -10,051 -3%
SG Americas Securities
7
SG Americas Securities
New York
$4.01M +$380K +31,078 +11%
Brown Advisory
8
Brown Advisory
Maryland
$3.07M +$218K +17,865 +8%
BA
9
Bard Associates
Illinois
$3.02M -$43.6K -3,567 -1%
LPL Financial
10
LPL Financial
California
$2.09M +$129K +10,573 +7%
VFS
11
VSR Financial Services
Kansas
$1.56M -$41.6K -3,400 -3%
FC
12
FCA Corp
Texas
$1.5M -$354 -29 -0%
1CP
13
1607 Capital Partners
Virginia
$1.32M -$159K -13,000 -11%
PAIM
14
Punch & Associates Investment Management
Minnesota
$1.19M +$86.5K +7,079 +8%
MAA
15
Mraz Amerine & Associates
California
$1.17M +$9.78K +800 +0.9%
First Trust Advisors
16
First Trust Advisors
Illinois
$1.14M +$56.5K +4,621 +5%
FAAS
17
First Allied Advisory Services
California
$1.03M +$269K +22,032 +37%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$816K +$42.4K +3,468 +6%
TJHA
19
Thomas J. Herzfeld Advisors
Florida
$740K +$30.9K +2,526 +4%
FIMG
20
Financial & Investment Management Group
Michigan
$712K +$22.2K +1,815 +3%
Cambridge Investment Research Advisors
21
Cambridge Investment Research Advisors
Iowa
$677K +$69.3K +5,674 +12%
PVWM
22
Point View Wealth Management
New Jersey
$676K +$655K +53,632 New
LTFS
23
Ladenburg Thalmann Financial Services
Florida
$628K +$13K +1,063 +2%
RIL
24
Rothschild Investment LLC
Illinois
$575K +$237K +19,423 +74%
Bank of America
25
Bank of America
North Carolina
$470K +$190K +15,519 +71%

RMT Hedge Fund Activity: Q4 2013 in Review

47 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Royce Micro-Cap Trust (RMT) for Q4 2013, worth a combined $90.2M — up 14% from $78.8M a quarter earlier.

Fund positioning in RMT was balanced in Q4 2013: 6 funds opened new positions, 6 closed out, 28 added to existing stakes and 10 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $3.15M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $1.63M sold.

  • 47 institutional investors held Royce Micro-Cap Trust (RMT) as of Q4 2013, down from 48 in Q3 2013.
  • Funds reported $90.2M of Royce Micro-Cap Trust stock for Q4 2013, up 14% quarter-over-quarter.
  • 6 funds opened new Royce Micro-Cap Trust positions in Q4 2013 and 6 closed out, a net change of 0 holders.
  • The largest Royce Micro-Cap Trust buyer in Q4 2013 was Morgan Stanley, an estimated $3.15M added.
  • The largest Royce Micro-Cap Trust seller in Q4 2013 was Shaker Financial Services, an estimated $1.63M sold.

Based on aggregated 13F filings for Q4 2013.