Abstract Small phytoplankton, consisting of pico and nano size fractions, are diverse in size and taxonomy. Yet, the differences in their productivity and taxonomic diversity are poorly described. Here, we measured the cell-specific carbon fixation rates of picocyanobacteria Synechococcus , picoeukaryote and nanoeukaryote populations while unveiling their taxonomic composition in oligotrophic subtropical (ST) and high-nutrient low-chlorophyll subantarctic (SA) waters. We coupled 24 h in-situ radiolabelled 14 C incubations to flow cytometry sorting (FCM-sorting) and DNA metabarcoding from the same incubated samples, offering a direct account of the community associated with the carbon fixation rates measured. In both water masses, nanoeukaryotes had the highest cell-specific carbon fixation rate, followed by picoeukaryotes and Synechococcus (2.24 ± 29.99, 2.18 ± 2.08 and 0.78 ± 0.55 fgC cell -1 h -1 , respectively). The cell-specific carbon fixation rates and growth rates of Synechococcus were 3-fold higher in ST compared to SA waters, while the rates of picoeukaryotes and nanoeukaryotes had no significant difference between the biogeochemically-contrasting water masses. Despite significant differences in their taxonomic composition, the FCM-sorted picoeukaryote and nanoeukaryote populations in SA waters were dominated by taxa with reported phago-mixotrophic strategies (Chrysophyceae, Dinophyceae and Prymnesiophyceae), suggesting phago-mixotrophy might alleviate nutrient stress in iron-limited conditions for discrete small photosynthetic eukaryote populations.