Royce Micro-Cap Trust
RMT
77 hedge funds and large institutions have $78.6M invested in Royce Micro-Cap Trust in 2018 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 34 increasing their positions, 23 reducing their positions, and 14 closing their positions.
106% more capital inflows, than outflows
Capital inflows: $15.8M | Capital outflows: $7.69M
48% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 23
29% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 14
4% more funds holding
Funds holding: 74 → 77 (+3)
2.6% more ownership
Funds ownership: 24.97% → 27.57% (+2.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Horizon Kinetics
New York
|
+$2.25M |
| 2 |
Wolverine Asset Management
Chicago,
Illinois
|
+$1.92M |
| 3 |
Shaker Financial Services
Arlington,
Virginia
|
+$1.46M |
| 4 |
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.28M |
| 5 |
First Allied Advisory Services
San Diego,
California
|
+$1.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Advisory Alpha
Holland,
Michigan
|
-$2.22M |
| 2 |
Nine Masts Capital
Central,
Hong Kong
|
-$575K |
| 3 |
Cardan Capital Partners
Denver,
Colorado
|
-$572K |
| 4 |
Moloney Securities Asset Management
Manchester,
Missouri
|
-$502K |
| 5 |
Institute for Wealth Management
Denver,
Colorado
|
-$396K |
RMT Hedge Fund Activity: Q4 2018 in Review
77 of the 4,506 institutional investors tracked by Wall St. Rank reported a position in Royce Micro-Cap Trust (RMT) for Q4 2018, worth a combined $78.6M — down 19% from $97.4M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new RMT positions and 14 closed out — a net gain of 4 holders — while 34 added to existing stakes and 23 trimmed.
The largest buyer was Horizon Kinetics, adding an estimated $2.25M. The largest seller was Advisory Alpha, exiting entirely with an estimated $2.22M sold.
- 77 institutional investors held Royce Micro-Cap Trust (RMT) as of Q4 2018, up from 74 in Q3 2018.
- Funds reported $78.6M of Royce Micro-Cap Trust stock for Q4 2018, down 19% quarter-over-quarter.
- 18 funds opened new Royce Micro-Cap Trust positions in Q4 2018 and 14 closed out, a net change of +4 holders.
- The largest Royce Micro-Cap Trust buyer in Q4 2018 was Horizon Kinetics, an estimated $2.25M added.
- The largest Royce Micro-Cap Trust seller in Q4 2018 was Advisory Alpha, an estimated $2.22M sold.
Based on aggregated 13F filings for Q4 2018.