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T. Rowe Price Capital Appreciation Equity ETF
TCAF

254 hedge funds and large institutions have $2.76B invested in T. Rowe Price Capital Appreciation Equity ETF in 2025 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 165 increasing their positions, 42 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

293% more repeat investments, than reductions

Existing positions increased: 165 | Existing positions reduced: 42

48% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 21

5.73% more ownership

Funds ownership: 66.01% → 71.75% (+5.7%)

2% more funds holding

Funds holding: 248 → 254 (+6)

0% more funds holding in top 10

Funds holding in top 10: 26 → 26 (0)

18% less capital invested

Capital invested by funds: $3.36B → $2.76B (-$596M)

Holders
254
Holders Change
+6
Holders Change %
+2.42%
% of All Funds
3.41%
Holding in Top 10
26
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.35%
New
31
Increased
165
Reduced
42
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$456M
2
LPL Financial
LPL Financial
California
+$54.8M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$50.6M
4
Bank of New York Mellon
Bank of New York Mellon
New York
+$27.6M
5
Bank of America
Bank of America
North Carolina
+$25.3M

Top Sellers

Rank Fund Capital Flow
1
AAG
Accordant Advisory Group
Maryland
-$9.62M
2
Citadel Advisors
Citadel Advisors
Florida
-$4.32M
3
VAM
Verity Asset Management
North Carolina
-$4.02M
4
CGH
CMG Global Holdings
Texas
-$3.38M
5
Renaissance Technologies
Renaissance Technologies
New York
-$3.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
Jones Financial Companies
26
Jones Financial Companies
Missouri
$22M +$8.23M +245,575 +56%
SFA
27
Souders Financial Advisors
Ohio
$20.5M +$10M +298,346 +89%
BFA
28
Beaumont Financial Advisors
Massachusetts
$18.3M -$843K -25,138 -4%
MAM
29
McCarthy Asset Management
California
$17.7M -$302K -8,998 -2%
CA
30
Cornerstone Advisory
Maryland
$17.5M -$472K -14,083 -3%
PAG
31
Private Advisor Group
New Jersey
$17.4M +$2.65M +79,084 +17%
FC
32
Financial Consulate
Maryland
$16.8M -$142K -4,222 -0.8%
UBS Group
33
UBS Group
Switzerland
$15.9M +$3.71M +110,523 +29%
AL
34
ADE LLC
Maryland
$15.8M +$14.1M +422,016 +631%
ACP
35
Arcus Capital Partners
Georgia
$14M +$3.99M +119,160 +38%
Northwestern Mutual Wealth Management
36
Northwestern Mutual Wealth Management
Wisconsin
$12.8M +$6.16M +183,805 +87%
DWM
37
DKM Wealth Management
California
$12.7M +$371K +11,068 +3%
Janney Montgomery Scott
38
Janney Montgomery Scott
Pennsylvania
$12.4M +$429K +12,808 +3%
EB
39
Eastern Bank
Massachusetts
$12.3M +$5.14M +153,178 +67%
GVAG
40
Great Valley Advisor Group
Delaware
$12.3M +$12.7M +380,144 New
Envestnet Asset Management
41
Envestnet Asset Management
Illinois
$11.1M +$3.73M +111,186 +48%
FGA
42
Fortis Group Advisors
New Jersey
$11M -$1.31M -39,178 -10%
PFS
43
Prospera Financial Services
Texas
$10.8M +$876K +26,122 +8%
AWS
44
Atria Wealth Solutions
New York
$10.6M +$2.31M +68,879 +26%
PWP
45
Principle Wealth Partners
Connecticut
$10.6M +$566K +16,891 +5%
PCM
46
Parsons Capital Management
Rhode Island
$10.4M +$436K +13,010 +4%
MMA
47
Miracle Mile Advisors
California
$10.3M +$1.96M +58,330 +22%
NWMG
48
National Wealth Management Group
Ohio
$10.2M +$560K +16,715 +6%
AFP
49
Ausdal Financial Partners
Iowa
$10.2M +$1.83M +54,676 +21%
DADC
50
D.A. Davidson & Co
Montana
$10.1M +$6.22M +185,425 +146%
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TCAF Hedge Fund Activity: Q1 2025 in Review

254 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in T. Rowe Price Capital Appreciation Equity ETF (TCAF) for Q1 2025, worth a combined $2.76B — down 18% from $3.36B a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new TCAF positions and 21 closed out — a net gain of 10 holders — while 165 added to existing stakes and 42 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $456M. The largest seller was Accordant Advisory Group, exiting entirely with an estimated $9.62M sold.

  • 254 institutional investors held T. Rowe Price Capital Appreciation Equity ETF (TCAF) as of Q1 2025, up from 248 in Q4 2024.
  • Funds reported $2.76B of T. Rowe Price Capital Appreciation Equity ETF stock for Q1 2025, down 18% quarter-over-quarter.
  • 31 funds opened new T. Rowe Price Capital Appreciation Equity ETF positions in Q1 2025 and 21 closed out, a net change of +10 holders.
  • The largest T. Rowe Price Capital Appreciation Equity ETF buyer in Q1 2025 was T. Rowe Price Associates, an estimated $456M added.
  • The largest T. Rowe Price Capital Appreciation Equity ETF seller in Q1 2025 was Accordant Advisory Group, an estimated $9.62M sold.

Based on aggregated 13F filings for Q1 2025.