Royce Micro-Cap Trust
RMT
66 hedge funds and large institutions have $81.5M invested in Royce Micro-Cap Trust in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 26 increasing their positions, 25 reducing their positions, and 11 closing their positions.
23% more capital invested
Capital invested by funds: $66.2M → $81.5M (+$15.3M)
4.71% more ownership
Funds ownership: 27.12% → 31.83% (+4.7%)
4% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 25
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less funds holding
Funds holding: 69 → 66 (-3)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
+$18M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
+$5.33M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$680K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$537K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$498K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$4.41M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.35M |
| 3 |
Morgan Stanley
New York
|
-$1.19M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$857K |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$819K |
RMT Hedge Fund Activity: Q2 2016 in Review
66 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Royce Micro-Cap Trust (RMT) for Q2 2016, worth a combined $81.5M — up 23% from $66.2M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of RMT and 9 opened new positions — a net loss of 2 holders — while 25 trimmed existing stakes and 26 added.
The largest buyer was Horizon Kinetics, adding an estimated $18M. The largest seller was Matisse Capital, cutting an estimated $4.41M.
- 66 institutional investors held Royce Micro-Cap Trust (RMT) as of Q2 2016, down from 69 in Q1 2016.
- Funds reported $81.5M of Royce Micro-Cap Trust stock for Q2 2016, up 23% quarter-over-quarter.
- 9 funds opened new Royce Micro-Cap Trust positions in Q2 2016 and 11 closed out, a net change of -2 holders.
- The largest Royce Micro-Cap Trust buyer in Q2 2016 was Horizon Kinetics, an estimated $18M added.
- The largest Royce Micro-Cap Trust seller in Q2 2016 was Matisse Capital, an estimated $4.41M sold.
Based on aggregated 13F filings for Q2 2016.