T. Rowe Price Capital Appreciation Equity ETF
TCAF
295 hedge funds and large institutions have $4.17B invested in T. Rowe Price Capital Appreciation Equity ETF in 2025 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 175 increasing their positions, 59 reducing their positions, and 12 closing their positions.
200% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 12
197% more repeat investments, than reductions
Existing positions increased: 175 | Existing positions reduced: 59
22% more capital invested
Capital invested by funds: $3.42B → $4.17B (+$750M)
6% more funds holding
Funds holding: 277 → 295 (+18)
1.56% more ownership
Funds ownership: 71.61% → 73.17% (+1.6%)
0% more funds holding in top 10
Funds holding in top 10: 27 → 27 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$81.6M |
| 2 |
JP Morgan Chase
New York
|
+$73.8M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$64.1M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$42.6M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$26.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
-$7.74M |
| 2 |
PFA
Presper Financial Architects
Akron,
Ohio
|
-$4.23M |
| 3 |
TI
TTP Investments
San Jose,
California
|
-$3.49M |
| 4 |
DT
Diversified Trust
Memphis,
Tennessee
|
-$3.17M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.41M |
TCAF Hedge Fund Activity: Q3 2025 in Review
295 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in T. Rowe Price Capital Appreciation Equity ETF (TCAF) for Q3 2025, worth a combined $4.17B — up 22% from $3.42B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new TCAF positions and 12 closed out — a net gain of 24 holders — while 175 added to existing stakes and 59 trimmed.
The largest buyer was LPL Financial, adding an estimated $81.6M. The largest seller was VOYA Investment Management, cutting an estimated $7.74M.
- 295 institutional investors held T. Rowe Price Capital Appreciation Equity ETF (TCAF) as of Q3 2025, up from 277 in Q2 2025.
- Funds reported $4.17B of T. Rowe Price Capital Appreciation Equity ETF stock for Q3 2025, up 22% quarter-over-quarter.
- 36 funds opened new T. Rowe Price Capital Appreciation Equity ETF positions in Q3 2025 and 12 closed out, a net change of +24 holders.
- The largest T. Rowe Price Capital Appreciation Equity ETF buyer in Q3 2025 was LPL Financial, an estimated $81.6M added.
- The largest T. Rowe Price Capital Appreciation Equity ETF seller in Q3 2025 was VOYA Investment Management, an estimated $7.74M sold.
Based on aggregated 13F filings for Q3 2025.