Royce Small-Cap Trust, Inc.
US ˙ NYSE ˙ US7809101055

SecurityRVT / Royce Small-Cap Trust, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership6,058,260 shares
Ownership 5.30%
Morgan Stanley ownership in RVT / Royce Small-Cap Trust, Inc.

2024-11-08 - Morgan Stanley has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 6,058,260 shares of Royce Small-Cap Trust, Inc. (US:RVT). This represents 5.3 percent ownership of the company. In their previous filing dated 2022-12-12 , Morgan Stanley had reported owning 4,761,016 shares, indicating an increase of 27.25 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2024-11-08 2024-11-08 13G 4,761,016 6,058,260 27.25 5.30 20.45
2022-12-12 2022-12-12 13G/A 5,751,488 4,761,016 -17.22 4.40 -21.43
2022-02-11 2022-02-11 13G/A 6,069,831 5,751,488 -5.24 5.60 -6.67
2021-02-12 2021-02-12 13G 4,135,960 6,069,831 46.76 6.00 25.00
2019-02-13 2019-02-13 13G/A 5,292,156 4,135,960 -21.85 4.80 -23.81
2018-02-12 2018-02-12 13G/A 4,502,989 5,292,156 17.53 6.30 14.55
2017-02-13 2017-02-13 13G/A 5.50
2017-02-13 2017-02-13 13G/A 5,931,657 4,502,989 -24.09 5.50 -28.57
2016-02-11 2016-02-11 13G/A 5,931,657 7.70
2015-02-17 2015-02-17 13G 4,969,710 6.80

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F ROYCE SMALL CAP TRUST COM 780910105 6,108,513 -143,984 -2.30 101,401 0.73 0.0061
2026-05-27 2025-12-31 13F/A-1 ROYCE SMALL CAP TRUST COM 780910105 6,252,497 519,959 9.07 100,665 8.87 0.0060
2026-02-13 2025-12-31 13F ROYCE SMALL CAP TRUST COM 780910105 6,252,497 519,959 100,665
2026-05-27 2025-09-30 13F/A-1 ROYCE SMALL CAP TRUST COM 780910105 5,732,538 -275,987 -4.59 92,466 2.25 0.0056
2025-11-14 2025-09-30 13F ROYCE SMALL CAP TRUST COM 780910105 5,732,538 -275,987 92,466 0.0056
2025-08-15 2025-06-30 13F ROYCE SMALL CAP TRUST COM 780910105 6,008,525 -379,791 -5.95 90,428 -0.59 0.0059
2025-05-15 2025-03-31 13F ROYCE SMALL CAP TRUST COM 780910105 6,388,316 83,356 1.32 90,970 -8.68 0.0065
2025-05-15 2024-12-31 13F/A-1 ROYCE SMALL CAP TRUST COM 780910105 6,304,960 245,469 4.05 99,618 4.71 0.0070
2025-02-14 2024-12-31 13F ROYCE SMALL CAP TRUST COM 780910105 6,304,960 245,469 99,618 0.0070
2025-05-14 2024-09-30 13F/A-2 ROYCE SMALL CAP TRUST COM 780910105 6,059,491 287,418 4.98 95,134 13.90 0.0069
2025-02-14 2024-09-30 13F/A-1 ROYCE SMALL CAP TRUST COM 780910105 6,059,491 287,418 95,134 0.0069
2024-11-14 2024-09-30 13F ROYCE SMALL CAP TRUST COM 780910105 6,059,491 287,418 95,134 0.0008
2025-05-14 2024-06-30 13F/A-2 ROYCE SMALL CAP TRUST COM 780910105 5,772,073 338,000 6.22 83,522 1.32 0.0065
2024-10-17 2024-06-30 13F/A-1 ROYCE SMALL CAP TRUST COM 780910105 5,772,073 338,000 83,522 0.0065
2024-08-14 2024-06-30 13F ROYCE SMALL CAP TRUST COM 780910105 5,772,073 338,000 83,522 0.0065
2024-10-17 2024-03-31 13F/A-2 ROYCE VALUE TR COM 780910105 5,434,073 787,939 16.96 82,435 21.86 0.0066
2024-08-16 2024-03-31 13F/A-1 ROYCE VALUE TR COM 780910105 5,434,073 787,939 82,435 0.0008
2024-05-15 2024-03-31 13F ROYCE VALUE TR COM 780910105 5,434,073 787,939 82,435 0.0066
2024-08-16 2023-12-31 13F/A-1 ROYCE VALUE TR COM 780910105 4,646,134 177,234 3.97 67,648 17.62 0.0060
2024-02-13 2023-12-31 13F ROYCE VALUE TR COM 780910105 4,646,134 177,234 67,648 0.0060
2023-11-15 2023-09-30 13F ROYCE VALUE TR COM 780910105 4,468,900 -176,993 -3.81 57,515 -10.29 0.0058
2023-08-14 2023-06-30 13F ROYCE VALUE TR COM 780910105 4,645,893 -107,868 -2.27 64,113 -0.61 0.0063
2023-05-15 2023-03-31 13F ROYCE VALUE TR COM 780910105 4,753,761 -498,665 -9.49 64,509 -7.38 0.0069
2023-02-14 2022-12-31 13F ROYCE VALUE TR COM 780910105 5,252,426 -795,600 -13.15 69,647 -8.24 0.0079
2022-11-14 2022-09-30 13F ROYCE VALUE TR COM 780910105 6,048,026 -573,871 -8.67 75,903 -17.95 0.0103
2022-10-27 2022-06-30 13F/A-1 ROYCE VALUE TR COM 780910105 6,621,897 1,509,113 29.52 92,509 6.50 0.0120
2022-08-15 2022-06-30 13F ROYCE VALUE TR COM 780910105 6,621,897 1,509,113 92,509 0.0024
2022-10-27 2022-03-31 13F/A-1 ROYCE VALUE TR COM 780910105 5,112,784 -638,704 -11.11 86,866 -22.90 0.0117
2022-05-13 2022-03-31 13F ROYCE VALUE TR COM 780910105 5,112,784 -638,704 86,866 0.0117
2022-02-14 2021-12-31 13F ROYCE VALUE TR COM 780910105 5,751,488 47,139 0.83 112,672 9.61 0.0139
2021-11-15 2021-09-30 13F ROYCE VALUE TR COM 780910105 5,704,349 12,054 0.21 102,792 -4.81 0.0138
2021-08-23 2021-06-30 13F/A-1 ROYCE VALUE TR COM 780910105 5,692,295 -469,398 -7.62 107,983 -3.23 0.0142
2021-08-16 2021-06-30 13F ROYCE VALUE TR COM 780910105 5,692,295 -469,398 107,983 0.0030
2021-05-17 2021-03-31 13F ROYCE VALUE TR COM 780910105 6,161,693 91,862 1.51 111,588 13.90 0.0164
2021-02-16 2020-12-31 13F ROYCE VALUE TR COM 780910105 6,069,831 597,860 10.93 97,967 41.64 0.0151
2020-11-13 2020-09-30 13F ROYCE VALUE TR COM 780910105 5,471,971 320,296 6.22 69,166 7.06 0.0134
2020-08-14 2020-06-30 13F ROYCE VALUE TR COM 780910105 5,151,675 497,225 10.68 64,602 43.53 0.0143
2020-05-26 2020-03-31 13F/A-1 ROYCE VALUE TR COM 780910105 4,654,450 41,278 0.89 45,009 -33.94 0.0122
2020-05-15 2020-03-31 13F ROYCE VALUE TR COM 780910105 4,654,450 41,278 45,009 3,457.6295
2020-02-14 2019-12-31 13F ROYCE VALUE TR COM 780910105 4,613,172 7,451 0.16 68,136 7.51 0.0158
2019-11-14 2019-09-30 13F ROYCE VALUE TR COM 780910105 4,605,721 264,528 6.09 63,375 4.88 0.0168
2019-08-14 2019-06-30 13F ROYCE VALUE TR COM 780910105 4,341,193 88,372 2.08 60,429 3.26 0.0161
2019-05-15 2019-03-31 13F ROYCE VALUE TR COM 780910105 4,252,821 116,861 2.83 58,519 19.91 0.0166
2019-02-14 2018-12-31 13F ROYCE VALUE TR COM 780910105 4,135,960 -285,225 -6.45 48,804 -32.48 0.0146
2019-04-23 2018-09-30 13F/A-2 ROYCE VALUE TR COM 780910105 4,421,185 95,427 2.21 72,286 5.76 0.0181
2018-11-20 2018-09-30 13F/A-1 ROYCE VALUE TR COM 780910105 4,421,185 0 72,286 0.0181
2018-11-14 2018-09-30 13F ROYCE VALUE TR COM 780910105 4,421,185 95,427 72,286
2019-04-23 2018-06-30 13F/A-1 ROYCE VALUE TR COM 780910105 4,325,758 14,960 0.35 68,348 1.90 0.0185
2018-08-14 2018-06-30 13F ROYCE VALUE TR COM 780910105 4,325,758 14,960 68,348
2019-04-23 2018-03-31 13F/A-1 ROYCE VALUE TR COM 780910105 4,310,798 5,199 0.12 67,076 -3.66 0.0186
2018-05-14 2018-03-31 13F ROYCE VALUE TR COM 780910105 4,310,798 5,199 67,076
2019-04-23 2017-12-31 13F/A-1 ROYCE VALUE TR COM 780910105 4,305,599 280,414 6.97 69,621 9.54 0.0191
2018-02-14 2017-12-31 13F ROYCE VALUE TR COM 780910105 4,305,599 280,414 69,621
2017-11-14 2017-09-30 13F ROYCE VALUE TR COM 780910105 4,025,185 83,034 2.11 63,559 10.51 0.0190
2017-08-11 2017-06-30 13F ROYCE VALUE TR COM 780910105 3,942,151 86,733 2.25 57,515 6.56 0.0174
2017-05-22 2017-03-31 13F/A-1 ROYCE VALUE TR COM 780910105 3,855,418 222,007 6.11 53,976 10.95 0.0166
2017-05-12 2017-03-31 13F ROYCE VALUE TR COM 780910105 3,855,418 53,976
2017-02-22 2016-12-31 13F/A-1 ROYCE VALUE TR COM 780910105 3,633,411 326,702 9.88 48,651 16.22 0.0159
2017-02-13 2016-12-31 13F ROYCE VALUE TR COM 780910105 3,633,411 48,651
2016-11-10 2016-09-30 13F ROYCE VALUE TR COM 780910105 3,306,709 -565,889 -14.61 41,862 -8.16 0.0143
2016-08-12 2016-06-30 13F ROYCE VALUE TR COM 780910105 3,872,598 -387,913 -9.10 45,581 -8.64 0.0165
2016-05-12 2016-03-31 13F ROYCE VALUE TR COM 780910105 4,260,511 -858,237 -16.77 49,890 -17.19 0.0192
2016-02-09 2015-12-31 13F ROYCE VALUE TR COM 780910105 5,118,748 -41,469 -0.80 60,248 1.53 0.0218
2016-02-08 2015-09-30 13F/A-1 ROYCE VALUE TR COM 780910105 5,160,217 150,646 3.01 59,342 -14.10 0.0219
2015-11-09 2015-09-30 13F ROYCE VALUE TR COM 780910105 5,160,217 59,342
2015-08-12 2015-06-30 13F ROYCE VALUE TR COM 780910105 5,009,571 204,604 4.26 69,082 0.40 0.0239
2015-05-14 2015-03-31 13F ROYCE VALUE TR COM 780910105 4,804,967 389,168 8.81 68,808 8.74 0.0253
2015-02-13 2014-12-31 13F ROYCE VALUE TR COM 780910105 4,415,799 72,243 1.66 63,278 0.47 0.0231
2014-12-16 2014-09-30 13F/A-1 ROYCE VALUE TR COM 780910105 4,343,556 1,102,039 34.00 62,982 23.52 0.0242
2014-11-14 2014-09-30 13F ROYCE VALUE TR COM 780910105 4,343,556 62,982
2014-05-13 2014-03-31 13F ROYCE VALUE TR COM 780910105 3,241,517 322,401 11.04 50,989 9.10 0.0214
2014-02-13 2013-12-31 13F ROYCE VALUE TR COM 780910105 2,919,116 538,324 22.61 46,735 21.85 0.0199
2013-11-13 2013-09-30 13F ROYCE VALUE TR INC COM ST COM 780910105 2,380,792 105,019 4.61 38,355 11.17 0.0181
2013-08-08 2013-06-30 13F ROYCE VALUE TR INC COM ST COM 780910105 2,275,773 2,275,773 34,501 0.0174
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.