T. Rowe Price Capital Appreciation Equity ETF
TCAF
277 hedge funds and large institutions have $3.42B invested in T. Rowe Price Capital Appreciation Equity ETF in 2025 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 162 increasing their positions, 58 reducing their positions, and 16 closing their positions.
179% more repeat investments, than reductions
Existing positions increased: 162 | Existing positions reduced: 58
150% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 16
24% more capital invested
Capital invested by funds: $2.76B → $3.42B (+$652M)
9% more funds holding
Funds holding: 254 → 277 (+23)
4% more funds holding in top 10
Funds holding in top 10: 26 → 27 (+1)
0.14% less ownership
Funds ownership: 71.75% → 71.61% (-0.14%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$63.6M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$62.1M |
| 3 |
Morgan Stanley
New York
|
+$50M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$28.4M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$20.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$22M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$7.76M |
| 3 |
FGA
Fortis Group Advisors
Westwood,
New Jersey
|
-$4.94M |
| 4 |
ACP
Arcus Capital Partners
Atlanta,
Georgia
|
-$3.97M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.8M |
TCAF Hedge Fund Activity: Q2 2025 in Review
277 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in T. Rowe Price Capital Appreciation Equity ETF (TCAF) for Q2 2025, worth a combined $3.42B — up 24% from $2.76B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new TCAF positions and 16 closed out — a net gain of 24 holders — while 162 added to existing stakes and 58 trimmed.
The largest buyer was LPL Financial, adding an estimated $63.6M. The largest seller was Commonwealth Equity Services, cutting an estimated $22M.
- 277 institutional investors held T. Rowe Price Capital Appreciation Equity ETF (TCAF) as of Q2 2025, up from 254 in Q1 2025.
- Funds reported $3.42B of T. Rowe Price Capital Appreciation Equity ETF stock for Q2 2025, up 24% quarter-over-quarter.
- 40 funds opened new T. Rowe Price Capital Appreciation Equity ETF positions in Q2 2025 and 16 closed out, a net change of +24 holders.
- The largest T. Rowe Price Capital Appreciation Equity ETF buyer in Q2 2025 was LPL Financial, an estimated $63.6M added.
- The largest T. Rowe Price Capital Appreciation Equity ETF seller in Q2 2025 was Commonwealth Equity Services, an estimated $22M sold.
Based on aggregated 13F filings for Q2 2025.