Royce Micro-Cap Trust
RMT
100 hedge funds and large institutions have $208M invested in Royce Micro-Cap Trust in 2025 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 33 increasing their positions, 26 reducing their positions, and 13 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
46% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 13
27% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 26
11% more capital invested
Capital invested by funds: $187M → $208M (+$20.6M)
6% more funds holding
Funds holding: 94 → 100 (+6)
3.6% more ownership
Funds ownership: 34.24% → 37.84% (+3.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$12.5M |
| 2 |
LPL Financial
San Diego,
California
|
+$2.21M |
| 3 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$2.03M |
| 4 |
ACM
Altium Capital Management
New York
|
+$905K |
| 5 |
Morgan Stanley
New York
|
+$732K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.65M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.61M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.03M |
| 4 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
-$826K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$825K |
RMT Hedge Fund Activity: Q4 2025 in Review
100 of the 8,286 institutional investors tracked by Wall St. Rank reported a position in Royce Micro-Cap Trust (RMT) for Q4 2025, worth a combined $208M — up 11% from $187M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new RMT positions and 13 closed out — a net gain of 6 holders — while 33 added to existing stakes and 26 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $12.5M. The largest seller was Wolverine Asset Management, cutting an estimated $1.65M.
- 100 institutional investors held Royce Micro-Cap Trust (RMT) as of Q4 2025, up from 94 in Q3 2025.
- Funds reported $208M of Royce Micro-Cap Trust stock for Q4 2025, up 11% quarter-over-quarter.
- 19 funds opened new Royce Micro-Cap Trust positions in Q4 2025 and 13 closed out, a net change of +6 holders.
- The largest Royce Micro-Cap Trust buyer in Q4 2025 was Saba Capital Management, an estimated $12.5M added.
- The largest Royce Micro-Cap Trust seller in Q4 2025 was Wolverine Asset Management, an estimated $1.65M sold.
Based on aggregated 13F filings for Q4 2025.