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Asset manager

Royce & Associates LP

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 906304

Reported value
$12.4bn
94% in companies we cover
Positions we cover
712
Largest KWR 1.1%
Copy, a year
+12.3%
S&P 500 +13.9%
Copy Sharpe ratio
0.57
S&P 500 0.77

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $55.9k$46.7k
CopyS&P 500 $10,000 copying Royce & Associates LP's filed holdings in companies we cover from August 9, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −39.0% (S&P 500 −31.8%); beta 1.12; alpha −1.9% a year (t = −0.67); last 12 months +22.6% against +12.1%.

Reported value by quarter

Royce & Associates LP: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $5T $10T Reported value, 2013-06-30: $32.4B Reported value, 2013-09-30: $33.6B Reported value, 2013-12-31: $34.9B Reported value, 2014-03-31: $33.9B Reported value, 2014-06-30: $33.6B Reported value, 2014-09-30: $29.6B Reported value, 2014-12-31: $28.8B Reported value, 2015-03-31: $26.4B Reported value, 2015-06-30: $23.7B Reported value, 2015-09-30: $18.9B Reported value, 2015-12-31: $16.8B Reported value, 2016-03-31: $15.8B Reported value, 2016-06-30: $15.1B Reported value, 2016-09-30: $15.2B Reported value, 2016-12-31: $15.6B Reported value, 2017-03-31: $15.3B Reported value, 2017-06-30: $15.1B Reported value, 2017-09-30: $15.1B Reported value, 2017-12-31: $15B Reported value, 2018-03-31: $14.3B Reported value, 2018-06-30: $14.5B Reported value, 2018-09-30: $14.5B Reported value, 2018-12-31: $11.2B Reported value, 2019-03-31: $11.8B Reported value, 2019-06-30: $11.1B Reported value, 2019-09-30: $10.8B Reported value, 2019-12-31: $11.2B Reported value, 2020-03-31: $7.3B Reported value, 2020-06-30: $9.1B Reported value, 2020-09-30: $9.3B Reported value, 2020-12-31: $12.1B Reported value, 2021-03-31: $14.9B Reported value, 2021-06-30: $14.6B Reported value, 2021-09-30: $13.4B Reported value, 2021-12-31: $13.4B Reported value, 2022-03-31: $11.8B Reported value, 2022-06-30: $9.7B Reported value, 2022-09-30: $8.8B Reported value, 2022-12-31: $9.5T Reported value, 2023-03-31: $10B Reported value, 2023-06-30: $10.3B Reported value, 2023-09-30: $9.8B Reported value, 2023-12-31: $10.8B Reported value, 2024-03-31: $11.2B Reported value, 2024-06-30: $10.7B Reported value, 2024-09-30: $11B Reported value, 2024-12-31: $10.8B Reported value, 2025-03-31: $9.2B Reported value, 2025-06-30: $9.7B Reported value, 2025-09-30: $10B Reported value, 2025-12-31: $9.9B Reported value, 2026-03-31: $10.1B Reported value, 2026-06-30: $12.4B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $12.4B
View chart data
Period Reported value
2013-06-30 $32.4B
2013-09-30 $33.6B
2013-12-31 $34.9B
2014-03-31 $33.9B
2014-06-30 $33.6B
2014-09-30 $29.6B
2014-12-31 $28.8B
2015-03-31 $26.4B
2015-06-30 $23.7B
2015-09-30 $18.9B
2015-12-31 $16.8B
2016-03-31 $15.8B
2016-06-30 $15.1B
2016-09-30 $15.2B
2016-12-31 $15.6B
2017-03-31 $15.3B
2017-06-30 $15.1B
2017-09-30 $15.1B
2017-12-31 $15B
2018-03-31 $14.3B
2018-06-30 $14.5B
2018-09-30 $14.5B
2018-12-31 $11.2B
2019-03-31 $11.8B
2019-06-30 $11.1B
2019-09-30 $10.8B
2019-12-31 $11.2B
2020-03-31 $7.3B
2020-06-30 $9.1B
2020-09-30 $9.3B
2020-12-31 $12.1B
2021-03-31 $14.9B
2021-06-30 $14.6B
2021-09-30 $13.4B
2021-12-31 $13.4B
2022-03-31 $11.8B
2022-06-30 $9.7B
2022-09-30 $8.8B
2022-12-31 $9.5T
2023-03-31 $10B
2023-06-30 $10.3B
2023-09-30 $9.8B
2023-12-31 $10.8B
2024-03-31 $11.2B
2024-06-30 $10.7B
2024-09-30 $11B
2024-12-31 $10.8B
2025-03-31 $9.2B
2025-06-30 $9.7B
2025-09-30 $10B
2025-12-31 $9.9B
2026-03-31 $10.1B
2026-06-30 $12.4B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
KWRQuaker Chemical Corp1.10%$136.7m860.5K+4.4% Added
MKSIMKS Inc0.94%$116.3m261.6K−35.2% Reduced
JBTMJBT Marel Corp0.92%$114.3m788.2K−0.2%
DORMDorman Products, Inc.0.91%$112.5m824.2K+33.7% Added
IESCIES Holdings, Inc.0.88%$109.5m149.0K0.0%
ONTOOnto Innovation Inc.0.87%$108.3m286.1K−9.8% Reduced
IPARInterparfums Inc0.78%$96.7m864.1K+5.0% Added
UCTTUltra Clean Holdings, Inc.0.77%$95.0m666.5K−12.2% Reduced
ESIElement Solutions Inc0.74%$92.2m1.93M−1.7% Reduced
SEICSEI Investments Co0.74%$92.1m1.05M+5.4% Added
ESEEsco Technologies Inc0.74%$91.8m262.2K−23.3% Reduced
IGICInternational General Insurance Holdings Ltd.0.69%$86.0m3.29M+1.9% Added
ESABESAB Corp0.69%$85.4m865.8K+6.4% Added
AGOAssured Guaranty LTD0.68%$84.9m1.06M+8.0% Added
KAIKadant Inc0.67%$83.5m265.7K+11.7% Added
AAPAdvance Auto Parts Inc0.67%$82.8m1.33M+8.7% Added
NPOEnpro Inc.0.65%$80.4m213.4K−10.2% Reduced
EXPOExponent Inc0.63%$77.7m1.32M+15.6% Added
VVVValvoline Inc0.61%$75.7m1.91M+6.0% Added
UFPIUFP Industries Inc0.60%$74.7m823.6K−0.1%
NGVTIngevity Corp0.56%$70.2m940.4K+6.4% Added
COHUCohu Inc0.56%$69.3m938.0K−53.7% Reduced
LCIILCI Industries0.55%$68.7m648.8K+6.4% Added
ICHRIchor Holdings, LTD.0.55%$68.3m608.1K−28.4% Reduced
RLIRLI Corp0.54%$67.0m1.13M+31.2% Added
FSVFirstservice Corp0.53%$66.3m466.4K+2.1% Added
CGNXCognex Corp0.51%$63.6m878.5K−14.7% Reduced
DGIIDigi International Inc0.51%$63.4m846.4K−7.0% Reduced
VMIValmont Industries Inc0.51%$63.3m109.7K−7.1% Reduced
LFUSLittelfuse Inc0.49%$61.5m135.0K−37.7% Reduced
CRUSCirrus Logic, Inc.0.48%$60.0m403.9K−19.7% Reduced
MSAMSA Safety Inc0.47%$59.0m338.0K+190.4% Added
SSDSimpson Manufacturing Co., Inc.0.47%$58.1m277.4K−3.0% Reduced
RBARB Global Inc.0.46%$56.8m487.5K−2.6% Reduced
TECHBio-Techne0.45%$55.8m789.7K+4.0% Added
GHMGraham Corp0.45%$55.3m446.4K−0.5% Reduced
HCSGHealthcare Services Group Inc0.44%$55.0m2.24M+4.5% Added
KNKnowles Corp0.44%$55.0m1.33M−26.7% Reduced
IMAXImax Corp0.43%$53.5m1.34M+7.8% Added
KFYKorn Ferry0.42%$52.5m788.4K−5.7% Reduced
UTIUniversal Technical Institute Inc0.41%$51.2m1.20M+16.3% Added
ASOAcademy Sports & Outdoors, Inc.0.41%$51.1m1.08M+4.2% Added
ATMUAtmus Filtration Technologies Inc.0.41%$50.7m995.2K+28.0% Added
BCBrunswick Corp0.40%$49.0m581.6K−4.0% Reduced
AAONAAON, Inc.0.39%$48.9m385.2K−18.5% Reduced
LYTSLSI Industries Inc0.39%$48.8m1.84M+21.0% Added
LSTRLandstar System Inc0.39%$47.8m231.0K+0.2%
EVREvercore Inc.0.38%$47.6m139.3K+10.0% Added
SMPStandard Motor Products, Inc.0.38%$47.1m1.21M+3.3% Added
RSReliance, Inc.0.37%$46.2m123.5K−4.8% Reduced
BBSIBarrett Business Services Inc0.37%$46.0m1.30M−5.7% Reduced
WDFCWD 40 Co0.36%$45.2m185.7K+2.7% Added
FROGJfrog Ltd0.36%$45.2m497.5K−2.8% Reduced
VCTRVictory Capital Holdings, Inc.0.36%$44.5m529.2K−9.3% Reduced
MANHManhattan Associates Inc0.35%$43.8m314.3KNew
NWPXNwpx Infrastructure, Inc.0.35%$43.4m289.7K−28.4% Reduced
VNTVontier Corp0.35%$42.9m1.48M+16.1% Added
ANDGAndersen Group Inc.0.35%$42.9m1.14M−19.2% Reduced
BRCBrady Corp0.34%$42.8m467.6K−27.0% Reduced
LECOLincoln Electric Holdings Inc0.34%$42.8m161.2K−7.4% Reduced
MSMMSC Industrial Direct Co Inc0.34%$42.5m356.9K−7.9% Reduced
TTMITTM Technologies Inc0.34%$42.0m224.7K−17.7% Reduced
ADTNAdtran Holdings, Inc.0.33%$41.3m2.97M−4.9% Reduced
SIISprott Inc.0.33%$41.2m366.1K−10.1% Reduced
KLICKulicke & Soffa Industries Inc0.33%$41.0m306.7K−47.8% Reduced
LAZLazard, Inc.0.33%$40.6m968.1K−0.7% Reduced
ESTAEstablishment Labs Holdings Inc.0.33%$40.5m472.3K+10.5% Added
HRBH&R Block Inc0.33%$40.5m1.06M+36.9% Added
TRNSTranscat Inc0.32%$40.0m431.7K−29.7% Reduced
CIGIColliers International Group Inc.0.32%$39.8m424.1K+0.1%
KBRKBR, Inc.0.31%$38.9m1.13M+3.7% Added
PACSPacs Group, Inc.0.31%$38.9m912.5K+0.5% Added
BKUBankunited, Inc.0.31%$38.0m784.1K−18.2% Reduced
SLGNSilgan Holdings Inc0.30%$37.5m809.2K+6.7% Added
FORMFormfactor Inc0.30%$37.5m234.6K−48.1% Reduced
AMNAMN Healthcare Services Inc0.30%$37.2m1.15M+13.9% Added
TREXTrex Co Inc0.30%$37.1m741.1K+40.9% Added
WDWalker & Dunlop, Inc.0.30%$37.0m676.5K+9.0% Added
AVTRAvantor, Inc.0.29%$36.4m3.68M+151.2% Added
NOMDNomad Foods Ltd0.29%$36.4m3.32M+12.9% Added
WTTRSelect Water Solutions, Inc.0.29%$36.2m1.81M−12.9% Reduced
EEFTEuronet Worldwide, Inc.0.29%$36.0m492.2K+95.6% Added
LASRNlight, Inc.0.28%$35.3m507.0K−22.5% Reduced
LXFRLuxfer Holdings PLC0.28%$35.0m1.94M+7.0% Added
VCVisteon Corp0.28%$34.7m349.6K−3.3% Reduced
CAMTCamtek LTD0.28%$34.4m210.7K+4.1% Added
LMBLimbach Holdings, Inc.0.28%$34.2m444.3K+16.7% Added
NPKINPK International Inc.0.28%$34.2m2.15M+3.8% Added
APAMArtisan Partners Asset Management Inc.0.27%$33.8m978.5K+0.5% Added
YETIYeti Holdings, Inc.0.27%$33.7m681.0K−5.0% Reduced
NVSTEnvista Holdings Corp0.27%$33.5m1.27M+29.9% Added
HCKTHackett Group, Inc.0.27%$33.3m3.10M+4.5% Added
ROADConstruction Partners, Inc.0.27%$33.2m279.9K+52.6% Added
MOVMovado Group Inc0.26%$32.5m826.6K−29.0% Reduced
NSPInsperity, Inc.0.26%$32.4m784.1K−4.2% Reduced
DOCNDigitalocean Holdings, Inc.0.26%$32.3m205.5K−8.4% Reduced
HOMBHome Bancshares Inc0.26%$32.2m1.13M+0.6% Added
ATROAstronics Corp0.26%$32.0m393.4K+8.3% Added
CBZCbiz, Inc.0.26%$31.8m992.8K+20.2% Added
SKYChampion Homes, Inc.0.25%$31.6m358.2K+11.7% Added
LGNLegence Corp.0.25%$31.4m368.6K+0.5%
MATXMatson, Inc.0.25%$30.8m160.5K−7.8% Reduced
APGApi Group Corp0.25%$30.8m726.8K0.0%
SBCFSeacoast Banking Corp Of Florida0.25%$30.7m921.9K−8.4% Reduced
YSWYYesway, Inc.0.24%$30.3m1.49MNew
LINDLindblad Expeditions Holdings, Inc.0.24%$29.8m1.05M−1.5% Reduced
FTAIFTAI Aviation Ltd.0.24%$29.7m109.6K+21.3% Added
EZPWEzcorp Inc0.24%$29.5m851.9K+45.9% Added
NVMINova LTD.0.24%$29.3m54.0K−17.9% Reduced
LNNLindsay Corp0.24%$29.3m236.7K+5.9% Added
TKRTimken Co0.24%$29.3m201.6K−26.5% Reduced
MRCYMercury Systems Inc0.23%$29.2m238.3K+8.3% Added
PIImpinj Inc0.23%$29.1m203.1K+2.1% Added
JILLJ.jill, Inc.0.23%$29.1m1.83M+23.5% Added
MANManpowergroup Inc.0.23%$28.9m855.0K+64.4% Added
BFSTBusiness First Bancshares, Inc.0.23%$28.6m931.8K+11.4% Added
WHDCactus, Inc.0.23%$28.6m558.2K+12.3% Added
LIONLionsgate Studios Corp.0.23%$28.6m1.87M+9.2% Added
PLPCPreformed Line Products Co0.23%$28.6m69.6K−10.2% Reduced
WWDWoodward, Inc.0.23%$28.5m67.1K+0.3%
AGIAlamos Gold Inc0.23%$28.5m941.0K−8.2% Reduced
AIRAAR Corp0.23%$28.5m199.2K+16.6% Added
ACVAACV Auctions Inc.0.23%$28.4m3.95M+48.6% Added
MMSMaximus, Inc.0.23%$28.3m527.0K+41.5% Added
MECMayville Engineering Company, Inc.0.23%$28.2m752.1K+0.1%
MGNIMagnite, Inc.0.23%$28.0m1.47M+7.9% Added
TSEMTower Semiconductor LTD0.22%$27.8m106.7K−3.6% Reduced
MCMoelis & Co0.22%$27.8m424.5K+28.6% Added
GABCGerman American Bancorp, Inc.0.22%$27.6m582.5K+6.2% Added
MGMistras Group, Inc.0.22%$27.6m1.58M+3.1% Added
AMRCAmeresco, Inc.0.22%$27.5m998.2K−20.1% Reduced
CMCCommercial Metals Co0.22%$27.3m434.3K+7.3% Added
CXTCrane NXT, Co.0.22%$27.1m529.1K+17.4% Added
RELLRichardson Electronics, LTD.0.22%$27.1m1.42M0.0%
ORNOrion Group Holdings Inc0.22%$26.9m1.60M+7.9% Added
SEISolaris Energy Infrastructure, Inc.0.22%$26.8m333.5K+2.0% Added
AMSFAmerisafe Inc0.21%$26.7m790.1K+23.0% Added
KOPNKopin Corp0.21%$26.7m5.95M−17.5% Reduced
INVAInnoviva, Inc.0.21%$26.6m1.17M+10.5% Added
BCMLBaycom Corp0.21%$26.5m805.1K+11.5% Added
RLGTRadiant Logistics, Inc0.21%$26.4m2.79M+10.5% Added
LOBLive Oak Bancshares, Inc.0.21%$26.4m646.1K+12.6% Added
MBINMerchants Bancorp0.21%$26.4m527.0K−7.1% Reduced
PLGOPelagos Insurance Capital Ltd0.21%$26.3m1.08M−9.2% Reduced
FTKFlotek Industries Inc0.21%$26.0m1.11M+31.9% Added
MMacy's, Inc.0.21%$25.9m1.10M−20.9% Reduced
NTBBank Of N.t. Butterfield & Son Ltd0.21%$25.8m434.1K+0.2%
ANGOAngiodynamics Inc0.21%$25.6m1.97M+28.8% Added
MODModine Manufacturing Co0.20%$25.3m94.8K−2.0% Reduced
QNSTQuinstreet, Inc0.20%$25.2m1.72M+9.1% Added
CompanyBought (value)Shares
MANHManhattan Associates Inc$43.8m314.3K
MSAMSA Safety Inc$38.7m221.6K
YSWYYesway, Inc.$30.3m1.49M
DORMDorman Products, Inc.$28.3m207.6K
AVTRAvantor, Inc.$21.9m2.21M
NGVCNatural Grocers By Vitamin Cottage, Inc.$18.6m600.3K
SFMSprouts Farmers Market, Inc.$18.6m219.9K
EEFTEuronet Worldwide, Inc.$17.6m240.6K
HRIHerc Holdings Inc$16.8m117.0K
VRNSVaronis Systems Inc$16.1m384.4K
COOThe Cooper Companies$16.1m223.9K
RLIRLI Corp$15.9m270.0K
TNCTennant Co$15.8m181.0K
CBCCentral Bancompany, Inc.$15.6m514.1K
BVBrightview Holdings, Inc.$15.5m1.09M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
COHUCohu Inc−$80.5m−1.09M
MKSIMKS Inc−$63.2m−142.1K
VSHVishay Intertechnology Inc−$52.8m−982.3K
PENGPenguin Solutions, Inc.−$51.6m−679.0K
VPGVishay Precision Group, Inc.−$44.9m−299.5K
KLICKulicke & Soffa Industries Inc−$37.5m−280.4K
LFUSLittelfuse Inc−$37.2m−81.8K
FORMFormfactor Inc−$34.8m−217.3K
ESEEsco Technologies Inc−$27.9m−79.8K
AAOIApplied Optoelectronics, Inc.−$27.1m−183.0K
ICHRIchor Holdings, LTD.−$27.1m−241.2K
AGXArgan Inc−$25.1m−31.5K
TMDXTransmedics Group, Inc.−$24.3m−244.4K
BRSLBrightstar Lottery PLC−$23.5m−2.19M
KNKnowles Corp−$20.0m−481.8K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
TMDXTransmedics Group, Inc.$24.3m244.4K
SENEASeneca Foods Corp$16.6m109.8K
ELANElanco Animal Health Inc$11.2m469.9K
RHRH$8.3m59.3K
ELFE.l.f. Beauty, Inc.$8.2m134.5K
EPAMEPAM Systems, Inc.$7.9m58.4K
PARPAR Technology Corp$7.7m579.4K
ZYMEZymeworks Inc.$7.5m299.2K
CVCOCavco Industries, Inc.$7.1m14.7K
IDTIDT Corp$7.1m144.6K
FWRDForward AIR Corp$5.8m348.0K
ATSATS Corp$5.1m179.5K
OSWOnespaworld Holdings Ltd$4.9m215.1K
HTHHilltop Holdings Inc.$4.6m129.5K
KRUSKura Sushi USA, Inc.$4.3m61.0K
WGOWinnebago Industries Inc$4.0m128.4K
CLBCore Laboratories Inc.$3.0m179.3K
UNFUnifirst Corp$2.9m11.7K
PLXSPlexus Corp$2.8m13.8K
VERIVeritone, Inc.$2.6m1.32M
CNRCore Natural Resources, Inc.$2.4m22.7K
FOURShift4 Payments, Inc.$2.2m50.0K
ARCBArcbest Corp$2.1m21.8K
INSWInternational Seaways, Inc.$1.9m26.3K
TIPTTiptree Inc.$1.9m112.0K
DCTHDelcath Systems, Inc.$1.8m195.0K
ANDEAndersons, Inc.$1.8m24.9K
BLNDBlend Labs, Inc.$1.7m1.00M
WIXWix.com Ltd.$1.7m18.6K
MGEEMGE Energy Inc$1.7m21.6K
  • Industrials29.6%
  • Technology19.1%
  • Financials14.3%
  • Consumer Discretionary12.1%
  • Health Care9.0%
  • Materials6.7%
  • Energy3.1%
  • Consumer Staples2.8%
  • Communication Services1.9%
  • Real Estate1.3%
  • Utilities0.1%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 9, 2013 to November 2, 2026+12.3%+13.9%0.570.77−39.0%1.12
2018 onwardsJanuary 5, 2018 to November 2, 2026+11.6%+13.9%0.470.66−39.0%1.11
Last three yearsNovember 3, 2023 to November 2, 2026+18.2%+21.8%0.711.16−25.3%1.07
Last yearNovember 7, 2025 to November 2, 2026+24.3%+14.2%1.120.84−10.7%0.84

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.