Royce & Associates LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Royce & Associates LP reported 762 stock positions worth $10.0 billion. Its top holding was Arcosa (ACA) at 1.2% of the portfolio, followed by MKS (MKSI, 1.0%) and JBT Marel (JBTM, 0.9%). Compared with Q2 2025, it opened 58 new positions, sold out of 78, added to 312 and reduced 331. The biggest buy was Pelagos Insurance Capital LT (PLGO, shares +2333%) and the biggest sale Sumisho Air Lease (AL, shares −75%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0000906304
- Portfolio Value
- $10.0B (Q3 2025)
- SEC Filing
- 0000906304-25-000248 ↗ filed Nov 12, 2025
Holdings Value
Holdings 762 stocks · $10.0B
| ACA Arcosa Inc. | 1.18% | 1,267,091 | $118.7M | Add +0.4% |
| MKSI MKS Inc. | 1.02% | 827,127 | $102.4M | Reduce -9.6% |
| JBTM JBT Marel Corp. | 0.90% | 640,253 | $89.9M | Reduce -7.9% |
| CRUS Cirrus Logic Inc. | 0.89% | 713,999 | $89.5M | Add +5.1% |
| ESAB Esab Corp. | 0.88% | 785,506 | $87.8M | Add +27.6% |
| AGO Assured Guaranty Ltd. | 0.87% | 1,035,827 | $87.7M | Add +7.1% |
| KWR Quaker Chemical Corporation | 0.83% | 633,886 | $83.5M | Add +3.2% |
| DORM Dorman Products Inc. | 0.77% | 497,421 | $77.5M | Add +0.8% |
| ESE Esco Technologies Inc. | 0.76% | 363,372 | $76.7M | Add +0.5% |
| SEIC Sei Investments Company | 0.76% | 903,583 | $76.7M | Reduce -26.3% |
| IGIC International General Insura filed as INTL GNRL INSURANCE HLDNGS L | 0.73% | 3,173,626 | $73.6M | Add +3.3% |
| UFPI Ufp Industries Inc. | 0.72% | 768,374 | $71.8M | Reduce -2.3% |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 0.70% | 176,428 | $70.2M | Reduce -3.2% |
| AAP Advance Auto Parts Inc. | 0.69% | 1,133,416 | $69.6M | Reduce -14.4% |
| FSV Firstservice Corp. | 0.68% | 360,143 | $68.6M | Add +0.8% |
| ESI Element Solutions Inc. | 0.67% | 2,674,989 | $67.3M | Reduce -0.5% |
| VMI Valmont Industries | 0.66% | 171,503 | $66.5M | Add +5.2% |
| ASO Academy Sports & Outdoors Inc. | 0.66% | 1,329,347 | $66.5M | Add +4.3% |
| IBP Installed Building Products | 0.65% | 262,333 | $64.7M | Reduce -29.2% |
| LFUS Littelfuse Inc. | 0.63% | 242,135 | $62.7M | Add +1.6% |
| LCII Lci Industries | 0.62% | 672,004 | $62.6M | Add +8.6% |
| CIGI Colliers Intl GR-Subord Vot | 0.59% | 380,880 | $59.5M | Add +0.4% |
| NGVT Ingevity Corp. | 0.57% | 1,032,099 | $57.0M | Reduce -6.1% |
| SII Sprott Inc. | 0.55% | 664,114 | $55.2M | Reduce -7.6% |
| NPO Enpro Inc. | 0.54% | 240,434 | $54.3M | Reduce -1.9% |
| FORM Formfactor Inc. | 0.53% | 1,468,733 | $53.5M | Reduce -10.6% |
| BRC Brady Corporation Class A | 0.52% | 674,248 | $52.6M | Add +1.0% |
| KD Kyndryl Holdings Inc. | 0.52% | 1,730,416 | $52.0M | Add +18.9% |
| RBC RBC Bearings Inc. | 0.51% | 132,319 | $51.6M | Add +0.4% |
| KN Knowles Corp. | 0.50% | 2,168,950 | $50.6M | Reduce -2.0% |
| VNT Vontier Corp. | 0.50% | 1,202,398 | $50.5M | Reduce -14.4% |
| KBR KBR Inc. | 0.50% | 1,056,350 | $50.0M | Add +45.2% |
| HCKT The Hackett Group Inc. | 0.49% | 2,581,331 | $49.1M | Add +44.1% |
| HCSG Healthcare Services Group | 0.48% | 2,864,997 | $48.2M | Reduce -5.6% |
| RBA RB Global Inc. | 0.48% | 444,525 | $48.2M | Reduce -5.9% |
| MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC | 0.48% | 1,418,932 | $47.7M | Add +48.0% |
| BKU Bankunited Inc. | 0.48% | 1,249,611 | $47.7M | Reduce -0.9% |
| APAM Artisan Partners Asset Ma -A | 0.47% | 1,093,842 | $47.5M | Add +1.0% |
| CGNX Cognex Corp. | 0.47% | 1,047,369 | $47.4M | Add +1.8% |
| IPAR Interparfums Inc. | 0.47% | 480,994 | $47.3M | Add +15.3% |
| FTAI Ftai Aviation Ltd. | 0.47% | 283,340 | $47.3M | Reduce -14.2% |
| VVV Valvoline Inc. | 0.47% | 1,302,052 | $46.8M | Add +3.0% |
| KAI Kadant Inc. | 0.46% | 156,651 | $46.6M | Add +12.8% |
| KFY Korn Ferry | 0.46% | 661,915 | $46.3M | Add +28.2% |
| MMI Marcus & Millichap Inc. | 0.46% | 1,562,118 | $45.8M | Reduce -15.3% |
| KLIC Kulicke & Soffa Industries | 0.45% | 1,122,666 | $45.6M | Reduce -5.7% |
| MHO M/I Homes Inc. | 0.45% | 310,161 | $44.8M | Reduce -8.3% |
| LAZ Lazard Inc. | 0.44% | 845,137 | $44.6M | Reduce -7.2% |
| AGI Alamos Gold Inc. Class A | 0.44% | 1,274,091 | $44.4M | Reduce -13.0% |
| SSD Simpson Manufacturing Co. Inc. | 0.44% | 260,628 | $43.6M | Add +28.6% |
| SMP Standard Motor Prods | 0.43% | 1,064,511 | $43.5M | Reduce -19.1% |
| IMAX Imax Corp. | 0.43% | 1,325,707 | $43.4M | Reduce -1.9% |
| MLI Mueller Industries Inc. | 0.43% | 424,224 | $42.9M | Reduce -19.2% |
| CECO Ceco Environmental Corp. | 0.42% | 825,160 | $42.2M | Reduce -17.9% |
| LNN Lindsay Corp. | 0.42% | 297,870 | $41.9M | Reduce -5.4% |
| EVR Evercore Inc. Class A | 0.41% | 123,333 | $41.6M | Reduce -15.6% |
| MOD Modine Manufacturing Co. | 0.41% | 288,102 | $41.0M | Add +6.5% |
| WD Walker & Dunlop Inc. | 0.41% | 486,093 | $40.6M | Add +12.6% |
| STRL Sterling Infrastructure Inc. | 0.40% | 119,446 | $40.6M | Reduce -5.0% |
| CPRX Catalyst Pharmaceuticals Inc. | 0.40% | 2,034,965 | $40.1M | Add +28.6% |
| LECO Lincoln Electric Holdings | 0.40% | 169,370 | $39.9M | Reduce -1.1% |
| AAON Aaon Inc. | 0.40% | 426,604 | $39.9M | Add +4.6% |
| ONTO Onto Innovation Inc. | 0.40% | 307,476 | $39.7M | Add +17.7% |
| LASR Nlight Inc. | 0.39% | 1,328,922 | $39.4M | Reduce -30.5% |
| COHU Cohu Inc. | 0.39% | 1,910,497 | $38.8M | Add +4.7% |
| PAR Par Technology Corp. | 0.38% | 972,424 | $38.5M | Add +3.5% |
| IOSP Innospec Inc. | 0.38% | 492,614 | $38.0M | Reduce -21.5% |
| SBCF Seacoast Banking Corp. | 0.38% | 1,242,285 | $37.8M | Reduce -4.4% |
| RS Reliance Inc. | 0.38% | 134,415 | $37.7M | Add +1.1% |
| TECH Bio-Techne Corp. | 0.37% | 660,034 | $36.7M | Reduce -24.2% |
| VCTR Victory Capital Holding - A | 0.37% | 566,062 | $36.7M | Add +11.9% |
| MSM MSC Industrial Direct Co. Class A | 0.36% | 389,490 | $35.9M | Reduce -16.4% |
| DGII Digi International Inc. | 0.36% | 981,247 | $35.8M | Reduce -4.1% |
| HAE Haemonetics Corp. | 0.34% | 701,242 | $34.2M | Reduce -44.8% |
| KTOS Kratos Defense & Security | 0.34% | 371,802 | $34.0M | Reduce -33.2% |
| OBK Origin Bancorp Inc. | 0.33% | 950,616 | $32.8M | Reduce -4.8% |
| AMRC Ameresco Inc. Class A | 0.32% | 964,010 | $32.4M | Add +197.6% |
| MORN Morningstar Inc. | 0.32% | 139,376 | $32.3M | Add +7.9% |
| RLI Rli Corp. | 0.32% | 495,329 | $32.3M | Add +25.6% |
| NOMD Nomad Foods Ltd. | 0.32% | 2,451,806 | $32.2M | Add +45.4% |
| VC Visteon Corp. | 0.32% | 264,714 | $31.7M | Reduce -5.7% |
| HOMB Home Bancshares Inc. | 0.31% | 1,113,518 | $31.5M | Reduce -1.0% |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.31% | 949,461 | $31.5M | Add +1.3% |
| PI Impinj Inc. | 0.31% | 169,799 | $30.7M | Reduce -25.9% |
| SANM Sanmina Corp. | 0.31% | 266,511 | $30.7M | Reduce -20.7% |
| SLGN Silgan Holdings Inc. | 0.30% | 708,905 | $30.5M | Add +46.1% |
| UCTT Ultra Clean Holdings Inc. | 0.30% | 1,107,416 | $30.2M | Add +7.2% |
| BBWI Bath & Body Works Inc. | 0.30% | 1,155,179 | $29.8M | Add +357.7% |
| HIFS Hingham Institution for SVGS | 0.30% | 112,773 | $29.7M | Reduce -2.2% |
| VSEC Vse Corp. | 0.29% | 177,890 | $29.6M | Add +5.0% |
| TKR Timken Co. | 0.29% | 392,637 | $29.5M | Reduce -6.2% |
| BBSI Barrett Business SVCS Inc. | 0.29% | 661,998 | $29.3M | Reduce -3.9% |
| ATMU Atmus Filtration Technologie | 0.29% | 650,072 | $29.3M | Reduce -3.4% |
| OCFC Oceanfirst Financial Corp. | 0.29% | 1,662,653 | $29.2M | Add +13.0% |
| NVMI Nova Ltd. | 0.29% | 91,048 | $29.1M | Reduce -9.2% |
| TGNA Tegna Inc. | 0.29% | 1,424,585 | $29.0M | Reduce -57.1% |
| PLGO Pelagos Insurance Capital LT filed as FIDELIS INSURANCE HOLDINGS L | 0.29% | 1,591,259 | $28.9M | Add +2333.4% |
| COHR Coherent Corp. | 0.28% | 265,054 | $28.6M | Reduce -14.3% |
| NWPX NWPX Infrastructure Inc. | 0.28% | 537,188 | $28.4M | Add +7.1% |
| RL Ralph Lauren Corp. | 0.28% | 90,497 | $28.4M | Reduce -4.6% |
Portfolio Sells Q2 2025 → Q3 2025
| AL Sumisho Air Lease Corp. | Reduce -74.5% | 0.23% | −0.64 |
| HAE Haemonetics Corp. | Reduce -44.8% | 0.34% | −0.63 |
| ENOV Enovis Corp. | Reduce -70.2% | 0.22% | −0.56 |
| SEIC Sei Investments Company | Reduce -26.3% | 0.76% | −0.37 |
| SPNS Sapiens International Corp. | Sold out | 0.00% | −0.32 |
| TGNA Tegna Inc. | Reduce -57.1% | 0.29% | −0.28 |
| ATKR Atkore Inc. | Reduce -98.5% | 0.00% | −0.26 |
| LMB Limbach Holdings Inc. | Reduce -30.4% | 0.18% | −0.20 |
| BANC Banc of California Inc. | Reduce -95.2% | 0.01% | −0.17 |
| IOSP Innospec Inc. | Reduce -21.5% | 0.38% | −0.16 |
| ODC Oil-Dri Corp. of America | Reduce -71.8% | 0.06% | −0.15 |
| MLR Miller Industries Inc. | Reduce -56.0% | 0.09% | −0.14 |
| MLAB Mesa Laboratories Inc. | Reduce -40.0% | 0.10% | −0.14 |
| FCNCA First Citizens Bcshs Class A | Sold out | 0.00% | −0.14 |
| MIR Mirion Technologies Inc. | Reduce -80.8% | 0.04% | −0.14 |
| IIIN Insteel Industries Inc. | Reduce -52.3% | 0.12% | −0.13 |
| MMI Marcus & Millichap Inc. | Reduce -15.3% | 0.46% | −0.12 |
| NVEC Nve Corp. | Reduce -23.8% | 0.23% | −0.12 |
| WNS WNS Holdings Ltd. | Sold out | 0.00% | −0.12 |
| AZTA Azenta Inc. | Reduce -49.0% | 0.10% | −0.11 |
| GTLS Chart Industries Inc. | Sold out | 0.00% | −0.11 |
| KEX Kirby Corp. | Reduce -36.4% | 0.09% | −0.11 |
| AHCO Adapthealth Corp. | Sold out | 0.00% | −0.10 |
| FORR Forrester Research Inc. | Reduce -90.5% | 0.01% | −0.10 |
| BELFB Bel Fuse Inc. Class B | Reduce -47.6% | 0.28% | −0.10 |
| TRNS Transcat Inc. | Reduce -13.5% | 0.25% | −0.10 |
| VSH Vishay Intertechnology Inc. | Reduce -22.5% | 0.26% | −0.10 |
| CDNA Caredx Inc. | Reduce -48.1% | 0.06% | −0.10 |
| AMSC American Superconductor Corp. | Reduce -56.0% | 0.21% | −0.09 |
| TECH Bio-Techne Corp. | Reduce -24.2% | 0.37% | −0.09 |
| UFPI Ufp Industries Inc. | Reduce -2.3% | 0.72% | −0.09 |
| ITGR Integer Holdings Corp. | Sold out | 0.00% | −0.08 |
| CBZ Cbiz Inc. | Reduce -35.9% | 0.07% | −0.08 |
| REVG Rev Group Inc. | Reduce -96.6% | 0.00% | −0.08 |
| GDYN Grid Dynamics Holdings Inc. | Sold out | 0.00% | −0.08 |
| ICHR Ichor Holdings Ltd. | Reduce -21.8% | 0.17% | −0.08 |
| ERIE Erie Indemnity Company Class A | Sold out | 0.00% | −0.08 |
| PTEN Patterson-Uti Energy Inc. | Reduce -93.0% | 0.00% | −0.08 |
| EVH Evolent Health Inc. Class A | Sold out | 0.00% | −0.08 |
| IMXI International Money Express | Sold out | 0.00% | −0.07 |
| BRDG Bridge Investment Grp HDS-A | Sold out | 0.00% | −0.07 |
| FC Franklin Covey Co. | Reduce -15.8% | 0.16% | −0.07 |
| RGP Resources Connection Inc. | Reduce -63.5% | 0.04% | −0.07 |
| OGN Organon & Co. | Reduce -92.5% | 0.01% | −0.07 |
| TMDX Transmedics Group Inc. | Reduce -1.7% | 0.27% | −0.07 |
| TTMI TTM Technologies | Reduce -61.3% | 0.08% | −0.07 |
| CRS Carpenter Technology | Sold out | 0.00% | −0.07 |
| DHIL Diamond Hill Investment Grp | Reduce -20.1% | 0.20% | −0.07 |
| BWXT BWX Technologies Inc. | Reduce -47.2% | 0.13% | −0.07 |
| ALKT Alkami Technology Inc. | Reduce -65.8% | 0.02% | −0.07 |
Portfolio Buys Q2 2025 → Q3 2025
| PLGO Pelagos Insurance Capital LT | Add +2333.4% | 0.29% | +0.28 |
| AMRC Ameresco Inc. Class A | Add +197.6% | 0.32% | +0.27 |
| BBWI Bath & Body Works Inc. | Add +357.7% | 0.30% | +0.22 |
| CRUS Cirrus Logic Inc. | Add +5.1% | 0.89% | +0.17 |
| DORM Dorman Products Inc. | Add +0.8% | 0.77% | +0.15 |
| ORIC Oric Pharmaceuticals Inc. | Add +521.2% | 0.17% | +0.15 |
| KBR KBR Inc. | Add +45.2% | 0.50% | +0.14 |
| CGNX Cognex Corp. | Add +1.8% | 0.47% | +0.14 |
| MOD Modine Manufacturing Co. | Add +6.5% | 0.41% | +0.13 |
| KWR Quaker Chemical Corporation | Add +3.2% | 0.83% | +0.13 |
| ONTO Onto Innovation Inc. | Add +17.7% | 0.40% | +0.13 |
| LYTS Lsi Industries Inc. | Add +50.0% | 0.25% | +0.12 |
| MTRN Materion Corp. | New | 0.12% | +0.12 |
| VMI Valmont Industries | Add +5.2% | 0.66% | +0.12 |
| DFIN Donnelley Financial Solution | Add +156.2% | 0.22% | +0.12 |
| PACS Pacs Group Inc. | Add +76.6% | 0.25% | +0.11 |
| ESAB Esab Corp. | Add +27.6% | 0.88% | +0.11 |
| SSD Simpson Manufacturing Co. Inc. | Add +28.6% | 0.44% | +0.11 |
| SITM Sitime Corp. | Add +95.0% | 0.16% | +0.10 |
| MSA Msa Safety Inc. | Add +222.4% | 0.15% | +0.10 |
| IWN iShares Russell 2000 Value E | Add +62.3% | 0.22% | +0.10 |
| MATX Matson Inc. | New | 0.09% | +0.09 |
| WD Walker & Dunlop Inc. | Add +12.6% | 0.41% | +0.09 |
| EVI Evi Industries Inc. | Add +9.9% | 0.25% | +0.09 |
| AAON Aaon Inc. | Add +4.6% | 0.40% | +0.09 |
| TIC Tic Solutions Inc. | New | 0.09% | +0.09 |
| ARW Arrow Electronics Inc. | New | 0.09% | +0.09 |
| MRX Marex UK Holdings Ltd. | Add +48.0% | 0.48% | +0.09 |
| SKY Champion Homes Inc. | Add +25.0% | 0.27% | +0.09 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | New | 0.09% | +0.09 |
| TFX Teleflex Inc. | New | 0.09% | +0.09 |
| CIGI Colliers Intl GR-Subord Vot | Add +0.4% | 0.59% | +0.09 |
| RGEN Repligen Corp. | Add +66.1% | 0.20% | +0.08 |
| TSEM Tower Semiconductor Ltd. | New | 0.08% | +0.08 |
| BCC Boise Cascade Co. | New | 0.08% | +0.08 |
| INVA Innoviva Inc. | Add +641.2% | 0.09% | +0.08 |
| GILT Gilat Satellite Networks Ltd. | Add +12.4% | 0.16% | +0.08 |
| ASO Academy Sports & Outdoors Inc. | Add +4.3% | 0.66% | +0.08 |
| BRSL Brightstar Lottery PLC | Add +31.4% | 0.27% | +0.08 |
| AGX Argan Inc. | Add +23.0% | 0.23% | +0.07 |
| KFY Korn Ferry | Add +28.2% | 0.46% | +0.07 |
| NWPX NWPX Infrastructure Inc. | Add +7.1% | 0.28% | +0.07 |
| LFUS Littelfuse Inc. | Add +1.6% | 0.63% | +0.07 |
| ARQ Arq Inc. | Add +168.8% | 0.10% | +0.07 |
| VYX NCR Voyix Corp. | Add +1570.3% | 0.07% | +0.07 |
| WGO Winnebago Industries | New | 0.07% | +0.07 |
| VSEC Vse Corp. | Add +5.0% | 0.29% | +0.07 |
| CWH Camping World Holdings Inc. Class A | New | 0.07% | +0.07 |
| WTTR Select Water Solutions Inc. | Add +14.0% | 0.25% | +0.07 |
| ZVRA Zevra Therapeutics Inc. | New | 0.07% | +0.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 747 | $12.4B | ACA, KWR, MKSI, JBTM, DORM |
| Q1 2026 | 774 | $10.1B | ACA, KWR, JBTM, ESE, MKSI |
| Q4 2025 | 761 | $9.9B | ACA, KWR, JBTM, ESAB, MKSI |
| Q3 2025 | 762 | $10.0B | ACA, MKSI, JBTM, CRUS, ESAB |
| Q2 2025 | 782 | $9.7B | SEIC, ACA, HAE, MKSI, AL |
| Q1 2025 | 796 | $9.2B | AL, SEIC, ACA, ENOV, AGO |
| Q4 2024 | 829 | $10.8B | ACA, AL, SEIC, ENOV, KW |
| Q3 2024 | 863 | $11.0B | AL, ACA, ENOV, SEIC, KW |
| Q2 2024 | 868 | $10.7B | AL, ACA, ZD, MKSI, HAE |
| Q1 2024 | 872 | $11.2B | AL, ACA, MKSI, HAE, SEIC |