ROYALTY MGMT HLDG CORP RMCO
CLASS A COM · Common Stock · CUSIP 02369M102
- SectorFinancials
- IndustryPatent Owners & Lessors
- HeadquartersFishers, IN
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 15.2m as of 2026-08-12, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $2.62.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 6 |
| Q4 2022 | 7 |
| Q1 2023 | 8 |
| Q2 2023 | 6 |
| Q3 2023 | 6 |
| Q4 2023 | 7 |
| Q1 2024 | 9 |
| Q2 2024 | 12 |
| Q3 2024 | 9 |
| Q4 2024 | 10 |
| Q1 2025 | 9 |
| Q2 2025 | 11 |
| Q3 2025 | 10 |
| Q4 2025 | 9 |
| Q1 2026 | 14 |
| Q2 2026 | 13 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 3 | 5 |
| Q4 2024 | 3 | 3 |
| Q1 2025 | 4 | 2 |
| Q2 2025 | 4 | 4 |
| Q3 2025 | 4 | 5 |
| Q4 2025 | 4 | 5 |
| Q1 2026 | 7 | 4 |
| Q2 2026 | 7 | 6 |
Biggest buyers
| BlackRock, Inc. | New | +27.6k |
| VANGUARD CAPITAL MANAGEMENT LLC | Added | +11.5k |
| BLAIR WILLIAM & CO/IL | Added | +4.2k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +3.9k |
| SBI Securities Co., Ltd. | Added | +1.0k |
| WOLVERINE ASSET MANAGEMENT LLC | Added | +227 |
| BARCLAYS PLC | New | +16 |
Biggest sellers
| XTX Topco Ltd | Sold out | -11.9k |
| 49 WEALTH MANAGEMENT, LLC | Sold out | -11.9k |
| CITADEL ADVISORS LLC | Reduced | -10.3k |
| UBS Group AG | Reduced | -1.6k |
| Tower Research Capital LLC (TRC) | Reduced | -371 |
| Caitong International Asset Management Co., Ltd | Sold out | -3 |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Liberty Hill Capital Management, LLC 13G · passive investor new · filed 2026-08-31 | 9.9% |
| First Frontier Capital LLC 13G · passive investor new · filed 2026-08-21 | 8.2% |
| White River Holdings LLC 13G · passive investor no change · filed 2026-09-10 | 7.7% |
| Midwest General Investment Co LLC 13G · passive investor new · filed 2026-09-03 | 7.0% |
| White River Ventures LLC 13G · passive investor new · filed 2026-08-21 | 6.0% |
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $22.8k | 0 | — | — |
| Q1 2025 | 1 | $7.8k | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 124.8k $327.0k | Added +11.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 73.8k $193.4k | Added +3.9k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 47.2k $123.7k | Unchanged |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 28.0k $73.3k | Added +4.2k |
| BlackRock, Inc. 0.00% of their portfolio | 27.6k $72.3k | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 24.7k $64.6k | Reduced -10.3k |
| BRC Group Holdings, Inc. 0.01% of their portfolio | 20.0k $52.4k | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 13.1k $34.3k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 2.4k $6.3k | Added +227 |
| UBS Group AG 0.00% of their portfolio | 2.1k $5.6k | Reduced -1.6k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 1.5k $3.9k | Reduced -371 |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 1.0k $2.6k | Added +1.0k |
| BARCLAYS PLC 0.00% of their portfolio | 16 $42 | New |