T. Rowe Price Small-Mid Cap ETF
TMSL
108 hedge funds and large institutions have $697M invested in T. Rowe Price Small-Mid Cap ETF in 2025 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 48 increasing their positions, 24 reducing their positions, and 7 closing their positions.
229% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 7
100% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 24
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
19% more capital invested
Capital invested by funds: $587M → $697M (+$110M)
13% more funds holding
Funds holding: 96 → 108 (+12)
3.89% more ownership
Funds ownership: 70.63% → 74.53% (+3.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$25M |
| 2 |
KCM
Kendall Capital Management
Rockville,
Maryland
|
+$21.3M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$8.22M |
| 4 |
BCMIO
Beacon Capital Management Inc (Ohio)
Dayton,
Ohio
|
+$6.49M |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$5.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFA
Souders Financial Advisors
Cincinnati,
Ohio
|
-$5.36M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$5.15M |
| 3 |
SC
Stephens Consulting
Flint,
Michigan
|
-$3.6M |
| 4 |
FHA
Flagship Harbor Advisors
Boston,
Massachusetts
|
-$2.99M |
| 5 |
AO
Advisor OS
Chicago,
Illinois
|
-$886K |
TMSL Hedge Fund Activity: Q3 2025 in Review
108 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in T. Rowe Price Small-Mid Cap ETF (TMSL) for Q3 2025, worth a combined $697M — up 19% from $587M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new TMSL positions and 7 closed out — a net gain of 16 holders — while 48 added to existing stakes and 24 trimmed.
The largest buyer was LPL Financial, adding an estimated $25M. The largest seller was Souders Financial Advisors, cutting an estimated $5.36M.
- 108 institutional investors held T. Rowe Price Small-Mid Cap ETF (TMSL) as of Q3 2025, up from 96 in Q2 2025.
- Funds reported $697M of T. Rowe Price Small-Mid Cap ETF stock for Q3 2025, up 19% quarter-over-quarter.
- 23 funds opened new T. Rowe Price Small-Mid Cap ETF positions in Q3 2025 and 7 closed out, a net change of +16 holders.
- The largest T. Rowe Price Small-Mid Cap ETF buyer in Q3 2025 was LPL Financial, an estimated $25M added.
- The largest T. Rowe Price Small-Mid Cap ETF seller in Q3 2025 was Souders Financial Advisors, an estimated $5.36M sold.
Based on aggregated 13F filings for Q3 2025.