ROYCE & ASSOCIATES LP

CIK 0000906304 · Q1 2026

13F Equity AUM

$10.1B

+2.7% QoQ

Positions

774

+13 QoQ

AUM Rank

#635

Top 5%

Skill Alpha (FF)

-0.0%/yr^ns

No Clear Edge

Rank #2,429 · Top 30%

vs S&P -4.3%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 5.2%Top 10: 9.0%Top 20: 16.1%

ACA1.3%

KWR1.0%

JBT1.0%

ESE0.9%

MKSI0.9%

AGO0.8%

ESAB0.8%

SEIC0.8%

IGIC0.8%

UFPI0.8%

Others (764)91.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Industrials26.9%

Technology17.4%

Financial Services16.6%

Consumer Cyclical11.8%

Healthcare7.9%

Basic Materials6.5%

Energy4.6%

Consumer Defensive3.3%

Other5.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 774Median: 0.08%Avg: 0.13%

0–0.5%

741(76.4%)

0.5–1%

31(21.3%)

1–3%

2(2.3%)

3–5%

0(0.0%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 769Unique: 5vs 20 funds

10.5%Low

774

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

GEODE CAPITAL MANAGEMENT, LLC

21.7%

BlackRock, Inc.

18.4%

VANGUARD CAPITAL MANAGEMENT LLC

21.4%

MORGAN STANLEY

13.6%

STATE STREET CORP

20.8%

VANGUARD PORTFOLIO MANAGEMENT LLC

24%

BANK OF AMERICA CORP /DE/

14.1%

JPMORGAN CHASE & CO

12.1%

FMR LLC

15.8%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New58Increased353Decreased284Exited45

New Positions

DOCN0.2%

+224K

FDS0.1%

+65K

AZTA0.1%

+523K

ALMS0.1%

+476K

FOXF0.1%

+625K

PUBLIC POL HLDG CO I…0.1%

+669K

CERT0.1%

+1.2M

CENTA0.1%

+230K

ZYME0.1%

+299K

SPIR0.1%

+570K

Increased

CRMD0.1%

+1.6M(+680%)

AVTR0.1%

+1.4M(+3519%)

SOPH0.1%

+1.4M(+322%)

CMPX0.1%

+1.3M(+466%)

SRTA0.1%

+1.1M(+61%)

ACVA0.1%

+925K(+53%)

IGT0.3%

+806K(+50%)

TKNO0.0%

+776K(+264%)

MRTN0.1%

+700K(+250%)

ANDG0.4%

+639K(+83%)

Decreased

KD0.1%

-1,479,508(-77%)

ADMA0.0%

-1,207,343(-98%)

BLND0.0%

-978,135(-49%)

ESPR0.1%

-974,528(-27%)

OCFC0.1%

-882,118(-65%)

FMF0.4%

-706,028(-61%)

RPAY0.0%

-658,150(-97%)

ICHR0.4%

-599,746(-41%)

AAOI0.2%

-552,864(-71%)

VYX0.0%

-544,738(-81%)

Exited

TGNA

-1,432,316

GPK

-1,275,693

-1,430,379

WRB

-182,740

INDIVIOR PLC

-307,857

-59,705

-3,036,360

-126,900

-52,521

-111,125

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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