ROYCE & ASSOCIATES LP

CIK

906304

Location

New York, NY

Portfolio Value

Small $126,624,363

Diversification

Diversified

Filing Date

Global Rank

#426 / 7,976 ▲ 4

Top Industry

Banks - Regional 5.5%

3Y Alpha vs SPY

-2.0%

Period ended 9 months ago

Filed Nov 12, 2025 · 7mo

23 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+67.6%

SPY

+76.3%

Annualised alpha

-2.0%

Max drawdown

−28.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

727 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

1.2%

+0.0 pts

Top 5

5.0%

−0.2 pts

Top 10

9.1%

−0.3 pts

HHI

Diversified−1

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Industrials	26.5%	$2,584,189,348	151
Technology	19.2%	$1,869,983,749	122
Financial Services	16.0%	$1,553,821,813	124
Consumer Cyclical	14.0%	$1,359,139,566	96
Healthcare	8.3%	$808,852,363	99
Basic Materials	6.8%	$657,883,028	35
Energy	3.0%	$291,335,059	45
Consumer Defensive	2.3%	$226,813,033	26
Real Estate	2.2%	$210,884,908	7
Communication Services	1.3%	$126,624,363	18
Unclassified	0.5%	$45,639,300	3
Utilities	0.0%	$2,120,325	1

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
TALK	Talkspace, Inc.	+1,827,459	2,174,262	$6,000,963
PLGO	Pelagos Insurance Capital Ltd	+1,525,868	1,591,259	$28,881,350
ORIC	Oric Pharmaceuticals, Inc.	+1,223,709	1,458,483	$17,501,796
BBWI	Bath & Body Works, Inc.	+902,781	1,155,179	$29,757,411
ARQ	Arq, Inc.	+862,525	1,373,444	$9,833,859
PACS	PACS Group, Inc.	+806,446	1,859,070	$25,525,031
HCKT	Hackett Group, Inc.	+790,522	2,581,331	$49,071,102
NOMD	Nomad Foods Ltd	+765,690	2,451,806	$32,241,248
BLND	Blend Labs, Inc.	+709,989	1,671,240	$6,100,026
SRTA	Strata Critical Medical, Inc.	+683,138	1,041,243	$5,268,689
AMRC	Ameresco, Inc.	+640,106	964,010	$32,371,455
RBBN	Ribbon Communications Inc.	+633,035	4,305,470	$16,360,786
VYX	NCR Voyix Corp	+543,615	578,233	$7,256,824
TTI	Tetra Technologies Inc	+535,000	1,798,460	$10,341,145
SMRT	SmartRent, Inc.	+502,994	1,369,571	$1,931,095
MRVI	Maravai Lifesciences Holdings, Inc.	+484,908	1,761,764	$5,056,262
FIP	FTAI Infrastructure Inc.	+461,228	2,155,778	$9,399,192
MRX	Marex Group plc	+459,998	1,418,932	$47,704,493
CPRX	Catalyst Pharmaceuticals, Inc.	+452,103	2,034,965	$40,088,810
INVA	Innoviva, Inc.	+437,654	505,906	$9,232,784
AIOT	Powerfleet, Inc.	+404,540	4,311,875	$22,594,225
PAYS	Paysign, Inc.	+373,519	622,577	$3,916,009
CTKB	Cytek Biosciences, Inc.	+373,456	1,763,262	$6,118,519
BRSL	Brightstar Lottery PLC	+373,184	1,562,175	$26,947,518
LYTS	Lsi Industries Inc	+348,598	1,045,225	$24,677,762
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
TGNA	TEGNA INC	−1,895,584	1,424,585	$28,961,813
ENOV	Enovis CORP	−1,697,683	721,240	$21,882,421
PTEN	Patterson Uti Energy Inc	−1,271,115	95,685	$495,648
RGP	Resources Connection, Inc.	−1,217,710	700,776	$3,538,918
BANC	Banc Of California, Inc.	−1,165,337	59,431	$983,583
AL	SUMISHO AIR LEASE CORP	−1,079,144	368,679	$23,466,418
FORR	Forrester Research, Inc.	−1,014,910	106,387	$1,127,702
PUMP	ProPetro Holding Corp.	−984,735	40,050	$209,862
NEO	Neogenomics Inc	−860,000	132,586	$1,023,563
OGN	Organon & Co.	−696,419	56,505	$603,473
MIR	Mirion Technologies, Inc.	−638,011	152,083	$3,537,450
VRA	Vera Bradley, Inc.	−612,488	738,136	$1,483,653
KOPN	Kopin Corp	−610,835	7,618,677	$18,513,385
LASR	Nlight, Inc.	−584,178	1,328,922	$39,375,958
HAE	Haemonetics Corp	−569,815	701,242	$34,178,535
KW	Kennedy-Wilson Holdings, Inc.	−568,631	2,528,616	$21,038,085
RES	Rpc Inc	−528,551	414,327	$1,972,196
MOV	Movado Group Inc	−527,325	1,238,420	$23,492,827
VSH	Vishay Intertechnology Inc	−491,571	1,689,373	$25,847,406
THRY	Thryv Holdings, Inc.	−454,327	119,060	$1,435,863
AMSC	American Superconductor Corp /De/	−454,152	357,580	$21,236,676
M	Macy's, Inc.	−444,000	1,286,000	$23,057,980
HLIT	Harmonic Inc.	−424,624	265,809	$2,705,935
LPTH	Lightpath Technologies Inc	−389,031	1,294,982	$10,269,207
CDNA	CareDx, Inc.	−374,210	404,394	$5,879,888
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
PENG	Penguin Solutions, Inc.	909,460	$23,900,608
AEBI	Aebi Schmidt Holding AG	1,331,821	$16,607,807
MTRN	MATERION Corp	97,500	$11,778,975
MATX	Matson, Inc.	96,391	$9,503,188
TIC	TIC Solutions, Inc.	670,000	$8,917,700
ARW	Arrow Electronics, Inc.	73,163	$8,852,723
TFX	Teleflex Inc	70,000	$8,565,200
TSEM	Tower Semiconductor Ltd	112,413	$8,127,459
BCC	BOISE CASCADE Co	104,400	$8,072,208
WGO	Winnebago Industries Inc	204,500	$6,838,480
CWH	Camping World Holdings, Inc.	421,959	$6,662,732
ZVRA	Zevra Therapeutics, Inc.	691,239	$6,573,682
SIMO	Silicon Motion Technology CORP	65,500	$6,210,055
TNDM	Tandem Diabetes Care Inc	510,000	$6,191,400
ESPR	Esperion Therapeutics, Inc.	2,293,488	$6,077,743
INSG	Inseego Corp.	405,000	$6,062,850
CNTA	Centessa Pharmaceuticals plc	247,387	$5,999,134
CIVB	Civista Bancshares, Inc.	274,958	$5,584,396
CYTK	Cytokinetics Inc	100,083	$5,500,561
CRMD	CorMedix Inc.	441,312	$5,132,458
ERII	Energy Recovery, Inc.	317,645	$4,898,085
MYGN	Myriad Genetics Inc	670,000	$4,844,100
SMWB	Similarweb Ltd.	494,328	$4,597,250
CENX	Century Aluminum Co	148,460	$4,358,785
AXGN	Axogen, Inc.	201,044	$3,586,624
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
FCNCA	First Citizens Bancshares Inc /De/	6,976	$13,648,334
GTLS	Chart Industries Inc	66,580	$10,962,397
AHCO	AdaptHealth Corp.	1,079,905	$10,183,504
ITGR	Integer Holdings Corp	67,184	$8,261,616
GDYN	Grid Dynamics Holdings, Inc.	689,541	$7,964,198
ERIE	Erie Indemnity Co	22,600	$7,837,454
EVH	Evolent Health, Inc.	663,010	$7,465,492
IMXI	International Money Express, Inc.	724,638	$7,311,597
CRS	Carpenter Technology Corp	23,439	$6,478,070
RDW	Redwire Corp	379,929	$6,192,842
HRI	Herc Holdings Inc	46,604	$6,137,280
GTX	Garrett Motion Inc.	559,098	$5,876,119
AESI	Atlas Energy Solutions Inc.	435,800	$5,826,646
DAVA	Endava plc	344,346	$5,275,380
ARQT	Arcutis Biotherapeutics, Inc.	374,540	$5,251,050
BTE	Baytex Energy Corp.	2,829,083	$5,064,058
ENVA	Enova International, Inc.	42,349	$4,722,760
STNE	StoneCo Ltd.	286,949	$4,602,661
SPRY	ARS Pharmaceuticals, Inc.	256,269	$4,471,894
TROX	Tronox Holdings plc	849,163	$4,305,256
XPER	Xperi Inc.	534,313	$4,226,415
RMBS	Rambus Inc	64,175	$4,108,483
CAL	Caleres Inc	311,835	$3,810,623
BE	Bloom Energy Corp	156,152	$3,735,155
BFAM	Bright Horizons Family Solutions Inc.	28,513	$3,523,921
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

18 positions · $126,624,363 total · Communication Services only · as of Sep 30, 2025

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
IMAX	Imax Corp Communication Services	Reduced	1,325,707	-24,931	$43,416,904	+15.0%	34.29%
MGNI	Magnite, Inc. Communication Services	Reduced	976,151	-101,755	$21,260,568	−18.2%	16.79%
QNST	Quinstreet, Inc Communication Services	Added	1,325,207	+16,582	$20,500,952	−2.7%	16.19%
IAC	IAC Inc. Communication Services	Reduced	259,497	-17,730	$8,841,062	−14.6%	6.98%
EVER	EverQuote, Inc. Communication Services	Reduced	308,002	-29,641	$7,044,005	−13.7%	5.56%
CRTO	Criteo S.A. Communication Services	Reduced	284,538	-25,535	$6,430,558	−13.4%	5.08%
GOGO	Gogo Inc. Communication Services	Reduced	622,963	-112,985	$5,351,252	−50.5%	4.23%
STRZ	Starz Entertainment Corp /Cn/ Communication Services	Added	362,645	+60,819	$5,341,760	+10.1%	4.22%
YELP	Yelp Inc Communication Services	Added	62,195	+2,660	$1,940,484	−4.9%	1.53%
IDT	Idt Corp Communication Services	Reduced	29,980	-40,885	$1,568,253	−67.6%	1.24%
CABO	Cable One, Inc. Communication Services	Added	6,279	+3,012	$1,111,696	+150.6%	0.88%
ZD	Ziff Davis, Inc. Communication Services	Added	28,772	+7,655	$1,096,213	+71.5%	0.87%
CARS	Cars.com Inc. Communication Services	Added	87,927	+22,256	$1,074,467	+38.1%	0.85%
SCHL	Scholastic Corp Communication Services	Reduced	24,787	-9,236	$678,668	−4.9%	0.54%
SHEN	Shenandoah Telecommunications Co/Va/ Communication Services	Added	36,519	+18,731	$490,084	+101.7%	0.39%
TU	Telus Corp Communication Services	Held	16,311	0	$257,224	−1.8%	0.20%
AMCX	AMC Global Media Inc. Communication Services	Reduced	14,706	-48,869	$121,177	−69.6%	0.10%
TBLA	Taboola.com Ltd. Communication Services	Added	29,043	+2,234	$99,036	+0.9%	0.08%