ROYCE MICRO-CAP TR INC RMT
COM · Closed-End Fund · CUSIP 780915104
* 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. Implied quarter-end price ≈ $9.23.
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 90 |
| Q4 2022 | 87 |
| Q1 2023 | 88 |
| Q2 2023 | 86 |
| Q3 2023 | 84 |
| Q4 2023 | 89 |
| Q1 2024 | 90 |
| Q2 2024 | 91 |
| Q3 2024 | 100 |
| Q4 2024 | 97 |
| Q1 2025 | 95 |
| Q2 2025 | 99 |
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 2023 | 39 | 32 |
| Q4 2023 | 42 | 32 |
| Q1 2024 | 38 | 39 |
| Q2 2024 | 42 | 33 |
| Q3 2024 | 51 | 28 |
| Q4 2024 | 45 | 35 |
| Q1 2025 | 40 | 43 |
| Q2 2025 | 53 | 39 |
Biggest buyers
| Polar Asset Management Partners Inc. | New | +238.4k |
| Saba Capital Management, L.P. | Added | +224.4k |
| ROYAL BANK OF CANADA | Added | +222.2k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | New | +221.8k |
| Shaker Financial Services, LLC | Added | +114.5k |
| WOLVERINE ASSET MANAGEMENT LLC | Added | +108.5k |
| WELLS FARGO & COMPANY/MN | Added | +102.8k |
| Allspring Global Investments Holdings, LLC | Added | +87.0k |
| LPL Financial LLC | Added | +76.6k |
| NORTHERN TRUST CORP | New | +74.2k |
Biggest sellers
| MORGAN STANLEY | Reduced | -160.4k |
| Advisors Asset Management, Inc. | Reduced | -143.7k |
| SAPIENT CAPITAL LLC | Reduced | -45.8k |
| Logan Stone Capital, LLC | Sold out | -39.3k |
| Advisor Resource Council | Sold out | -35.7k |
| Clearstead Advisors, LLC | Reduced | -29.6k |
| COMMONWEALTH EQUITY SERVICES, LLC | Reduced | -27.2k |
| AQR Arbitrage LLC | Reduced | -26.1k |
| FLAGSHIP HARBOR ADVISORS, LLC | Reduced | -24.1k |
| Calamos Advisors LLC | Sold out | -23.6k |
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 |
|---|---|
Saba Capital Management, L.P.
13D · may seek influence
+1.0 pts · filed 2026-08-05
Stated purposeNot Applicable. Full filing |
7.1% |
Fell to 5% or below in the last year: MORGAN STANLEY (4.8%, 2026-08-13)
Insider purchases and sales in Q2 2025
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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 2 | $92.5k | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 1 | $51.6k | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-05-06 | ROYCE CHARLES M Sr. Advisor Royce & Associates | Sold | $16.7k2.0k shares |
| 2025-05-05 | ROYCE CHARLES M Sr. Advisor Royce & Associates | Sold | $359.2k43.2k shares |
| 2025-05-05 | ROYCE CHARLES M Sr. Advisor Royce & Associates | Sold | $62.9k7.6k shares |
| 2025-05-02 | ROYCE CHARLES M Sr. Advisor Royce & Associates | Sold | $360.1k43.2k shares |
| 2025-05-02 | ROYCE CHARLES M Sr. Advisor Royce & Associates | Sold | $360.1k43.2k shares |
| 2025-04-17 | ROYCE CHARLES M Sr. Advisor Royce & Associates | Sold | $597.9k76.4k shares |
| 2025-04-16 | ROYCE CHARLES M Sr. Advisor Royce & Associates | Sold | $72.1k9.2k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 2.9m $27.1m | Reduced -160.4k |
| Modern Wealth Management, LLC 0.25% of their portfolio | 1.1m $10.1m | Added +20.8k |
| UBS Group AG 0.00% of their portfolio | 1.0m $9.5m | Added +31.7k |
| Shaker Financial Services, LLC 3.43% of their portfolio | 1.0m $9.5m | Added +114.5k |
| Alexander Randolph Advisory, Inc. 7.99% of their portfolio | 963.9k $8.9m | Reduced -18.4k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 832.9k $7.7m | Added +87.0k |
| LPL Financial LLC 0.00% of their portfolio | 747.7k $6.9m | Added +76.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 701.0k $6.5m | Added +102.8k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.35% of their portfolio | 616.7k $5.7m | Added +6.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 534.0k $4.9m | Added +2.9k |
| FLAGSHIP HARBOR ADVISORS, LLC 0.23% of their portfolio | 516.9k $4.8m | Reduced -24.1k |
| WOLVERINE ASSET MANAGEMENT LLC 0.08% of their portfolio | 492.6k $4.6m | Added +108.5k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.73% of their portfolio | 473.5k $4.4m | Added +11.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 430.1k $4.0m | Added +222.2k |
| Mraz, Amerine & Associates, Inc. 0.54% of their portfolio | 363.4k $3.4m | Reduced -5.6k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 326.1k $3.0m | Reduced -8.5k |
| FCA CORP /TX 0.85% of their portfolio | 306.5k $2.8m | Added +10.0k |
| Family Firm, Inc. 0.54% of their portfolio | 284.6k $2.2m | Reduced -3.8k |
| Saba Capital Management, L.P. 0.07% of their portfolio | 271.6k $2.5m | Added +224.4k |
| Polar Asset Management Partners Inc. 0.05% of their portfolio | 238.4k $2.2m | New |
| Clearstead Advisors, LLC 0.03% of their portfolio | 223.6k $2.1m | Reduced -29.6k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.11% of their portfolio | 221.8k $2.1m | New |
| BARD ASSOCIATES INC 0.46% of their portfolio | 153.9k $1.4m | Reduced -100 |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.02% of their portfolio | 136.8k $1.3m | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 131.9k $1.2m | Reduced -27.2k |
| READYSTATE ASSET MANAGEMENT LP 0.05% of their portfolio | 131.7k $1.2m | Added +42.9k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 129.0k $1.2m | Added +39.1k |
| Advisors Asset Management, Inc. 0.02% of their portfolio | 125.9k $1.2m | Reduced -143.7k |
| Moors & Cabot, Inc. 0.05% of their portfolio | 112.8k $1.0m | Unchanged |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 105.3k $974.2k | Added +3.9k |
| Private Advisor Group, LLC 0.01% of their portfolio | 101.1k $935.1k | Added +12.1k |
| ROBERTS GLORE & CO INC /IL/ 0.24% of their portfolio | 89.0k $823.7k | Added +2.0k |
| Quantedge Capital Pte Ltd 0.75% of their portfolio | 88.7k $820.4k | Added +39.4k |
| GUGGENHEIM CAPITAL LLC 0.01% of their portfolio | 83.0k $767.5k | Added +5.1k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.06% of their portfolio | 80.9k $748.2k | Added +20.9k |
| BROWN ADVISORY INC 0.00% of their portfolio | 74.7k $691.2k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 74.2k $686.0k | New |
| UHLMANN PRICE SECURITIES, LLC 0.46% of their portfolio | 70.2k $649.8k | Reduced -1.9k |
| &PARTNERS 0.00% of their portfolio | 69.2k $640.1k | Added +45.3k |
| NWF Advisory Services Inc. 0.08% of their portfolio | 69.0k $638.5k | Reduced -7.2k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 68.2k $630.8k | Reduced -22.2k |
| Diversify Advisory Services, LLC 0.02% of their portfolio | 64.1k $623.4k | Reduced -2.6k |
| Hennion & Walsh Asset Management, Inc. 0.02% of their portfolio | 63.3k $585.5k | Added +4.9k |
| TWIN FOCUS CAPITAL PARTNERS, LLC 0.08% of their portfolio | 62.2k $575.0k | Unchanged |
| 1607 Capital Partners, LLC 0.04% of their portfolio | 52.5k $485.9k | Reduced -4.6k |
| CWM, LLC 0.00% of their portfolio | 47.0k $435.0k | Unchanged |
| SAPIENT CAPITAL LLC 0.01% of their portfolio | 45.9k $424.4k | Reduced -45.8k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 45.7k $422.5k | Reduced -85 |
| Hara Capital LLC 0.24% of their portfolio | 42.0k $388.6k | Added +100 |
| EP Wealth Advisors, LLC 0.00% of their portfolio | 40.9k $378.5k | Reduced -542 |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 38.4k $355.0k | Reduced -11.8k |
| WealthShield Partners, LLC 0.04% of their portfolio | 36.1k $333.5k | Reduced -1.4k |
| Walleye Capital LLC 0.00% of their portfolio | 34.1k $315.1k | Reduced -5.3k |
| Traub Capital Management LLC 0.28% of their portfolio | 33.0k $305.6k | First filing |
| Kingsview Wealth Management, LLC 0.00% of their portfolio | 31.8k $293.9k | Reduced -2.7k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 30.7k $283.8k | Added +208 |
| COMMERCE BANK 0.00% of their portfolio | 29.7k $274.8k | Unchanged |
| AQR Arbitrage LLC 0.01% of their portfolio | 29.3k $269.3k | Reduced -26.1k |
| Prairie Sky Financial Group LLC 0.14% of their portfolio | 28.4k $263.1k | Added +573 |
| HighTower Advisors, LLC 0.00% of their portfolio | 27.2k $251.9k | New |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 26.6k $246.0k | Added +1.7k |
| D.A. DAVIDSON & CO. 0.00% of their portfolio | 23.6k $218.5k | Reduced -13.5k |
| DKM Wealth Management, Inc. 0.18% of their portfolio | 23.0k $212.8k | Unchanged |
| ARK & TLK INVESTMENTS, LLC 0.07% of their portfolio | 22.8k $211.1k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 22.6k $208.9k | Added +1.5k |
| Institute for Wealth Management, LLC. 0.02% of their portfolio | 19.9k $184.5k | Reduced -752 |
| Comprehensive Money Management Services LLC 0.14% of their portfolio | 19.3k $178.6k | Added +3.5k |
| DIVERSIFIED TRUST CO 0.00% of their portfolio | 19.3k $178.2k | Added +2.6k |
| Jaffetilchin Investment Partners, LLC 0.01% of their portfolio | 19.2k $177.4k | Added +7.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 19.1k $177.0k | New |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 18.9k $175.1k | New |
| OPPENHEIMER & CO INC 0.00% of their portfolio | 15.7k $145.1k | Added +1.0k |
| Summit Financial, LLC 0.00% of their portfolio | 14.4k $133.6k | New |
| JFS WEALTH ADVISORS, LLC 0.01% of their portfolio | 13.9k $128.5k | New |
| STEPHENS INC /AR/ 0.00% of their portfolio | 13.3k $122.7k | Added +265 |
| Heritage Wealth Management, Inc. 0.04% of their portfolio | 12.3k $114.2k | Reduced -7.3k |
| Soltis Investment Advisors LLC 0.01% of their portfolio | 11.9k $110.3k | Unchanged |
| Private Capital Management, LLC 0.01% of their portfolio | 11.8k $109.5k | New |
| VERUS CAPITAL PARTNERS, LLC 0.01% of their portfolio | 11.6k $107.2k | New |
| VANGUARD GROUP INC 0.00% of their portfolio | 11.1k $102.2k | Added +223 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 10.8k $99.7k | New |
| EHRLICH FINANCIAL GROUP 0.06% of their portfolio | 10.6k $97.6k | Added +78 |
| PEAPACK GLADSTONE FINANCIAL CORP 0.00% of their portfolio | 10.3k $95.0k | Reduced -3.3k |
| Eisler Capital Management Ltd. 0.00% of their portfolio | 10.0k $92.5k | Unchanged |
| TD Capital Management LLC 0.00% of their portfolio | 4.5k $41.6k | Unchanged |
| SITTNER & NELSON, LLC 0.02% of their portfolio | 4.3k $39.5k | Added +86 |
| NBT BANK, N.A. 0.00% of their portfolio | 4.0k $37.3k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 3.6k $33.4k | New |
| Colonial Trust Advisors 0.00% of their portfolio | 3.5k $32.4k | Added +1.0k |
| BARRETT & COMPANY, INC. 0.01% of their portfolio | 3.2k $30.1k | Unchanged |
| Atlantic Union Bankshares Corp 0.00% of their portfolio | 2.1k $19.4k | New |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 1.3k $12.0k | Unchanged |
| FMR LLC 0.00% of their portfolio | 855 $7.9k | New |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 435 $4.0k | Reduced -1.3k |
| Allworth Financial LP 0.00% of their portfolio | 100 $925 | New |
| COMERICA BANK 0.00% of their portfolio | 79 $733 | Added +2 |
| CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio | 61 $564 | Unchanged |
| ASSETMARK, INC 0.00% of their portfolio | 16 $148 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |