T. Rowe Price Capital Appreciation Equity ETF
TCAF
331 hedge funds and large institutions have $4.55B invested in T. Rowe Price Capital Appreciation Equity ETF in 2025 Q4 according to their latest regulatory filings, with 52 funds opening new positions, 197 increasing their positions, 62 reducing their positions, and 13 closing their positions.
300% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 13
218% more repeat investments, than reductions
Existing positions increased: 197 | Existing positions reduced: 62
15% more funds holding in top 10
Funds holding in top 10: 27 → 31 (+4)
12% more funds holding
Funds holding: 295 → 331 (+36)
9% more capital invested
Capital invested by funds: $4.17B → $4.55B (+$383M)
0.77% less ownership
Funds ownership: 73.17% → 72.39% (-0.77%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$75.5M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$68.9M |
| 3 |
EWS
Evergreen Wealth Solutions
Williamsport,
Pennsylvania
|
+$39.4M |
| 4 |
AWM
Aprio Wealth Management
Atlanta,
Georgia
|
+$18.2M |
| 5 |
GVAG
Great Valley Advisor Group
Wilmington,
Delaware
|
+$15.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
McCarthy & Cox
Marysville,
Ohio
|
-$38.9M |
| 2 |
TI
TTP Investments
San Jose,
California
|
-$28.1M |
| 3 |
JP Morgan Chase
New York
|
-$26.9M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$17.7M |
| 5 |
MFIM
Mesirow Financial Investment Management
Chicago,
Illinois
|
-$14M |
TCAF Hedge Fund Activity: Q4 2025 in Review
331 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in T. Rowe Price Capital Appreciation Equity ETF (TCAF) for Q4 2025, worth a combined $4.55B — up 9.2% from $4.17B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new TCAF positions and 13 closed out — a net gain of 39 holders — while 197 added to existing stakes and 62 trimmed.
The largest buyer was LPL Financial, adding an estimated $75.5M. The largest seller was McCarthy & Cox, cutting an estimated $38.9M.
- 331 institutional investors held T. Rowe Price Capital Appreciation Equity ETF (TCAF) as of Q4 2025, up from 295 in Q3 2025.
- Funds reported $4.55B of T. Rowe Price Capital Appreciation Equity ETF stock for Q4 2025, up 9.2% quarter-over-quarter.
- 52 funds opened new T. Rowe Price Capital Appreciation Equity ETF positions in Q4 2025 and 13 closed out, a net change of +39 holders.
- The largest T. Rowe Price Capital Appreciation Equity ETF buyer in Q4 2025 was LPL Financial, an estimated $75.5M added.
- The largest T. Rowe Price Capital Appreciation Equity ETF seller in Q4 2025 was McCarthy & Cox, an estimated $38.9M sold.
Based on aggregated 13F filings for Q4 2025.