T. Rowe Price Small-Mid Cap ETF
TMSL
130 hedge funds and large institutions have $949M invested in T. Rowe Price Small-Mid Cap ETF in 2025 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 62 increasing their positions, 27 reducing their positions, and 6 closing their positions.
367% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 6
130% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 27
36% more capital invested
Capital invested by funds: $697M → $949M (+$251M)
20% more funds holding
Funds holding: 108 → 130 (+22)
6.62% more ownership
Funds ownership: 74.53% → 81.14% (+6.6%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$70.4M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$25.7M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$21.5M |
| 4 |
HAG
HighPoint Advisor Group
Downers Grove,
Illinois
|
+$20.5M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$17.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$5.52M |
| 2 |
BCMIO
Beacon Capital Management Inc (Ohio)
Dayton,
Ohio
|
-$2.16M |
| 3 |
SWM
SFG Wealth Management
Towson,
Maryland
|
-$1.01M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$953K |
| 5 |
HAS
HBW Advisory Services
Simi Valley,
California
|
-$742K |
TMSL Hedge Fund Activity: Q4 2025 in Review
130 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in T. Rowe Price Small-Mid Cap ETF (TMSL) for Q4 2025, worth a combined $949M — up 36% from $697M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new TMSL positions and 6 closed out — a net gain of 22 holders — while 62 added to existing stakes and 27 trimmed.
The largest buyer was LPL Financial, adding an estimated $70.4M. The largest seller was Northwestern Mutual Wealth Management, cutting an estimated $5.52M.
- 130 institutional investors held T. Rowe Price Small-Mid Cap ETF (TMSL) as of Q4 2025, up from 108 in Q3 2025.
- Funds reported $949M of T. Rowe Price Small-Mid Cap ETF stock for Q4 2025, up 36% quarter-over-quarter.
- 28 funds opened new T. Rowe Price Small-Mid Cap ETF positions in Q4 2025 and 6 closed out, a net change of +22 holders.
- The largest T. Rowe Price Small-Mid Cap ETF buyer in Q4 2025 was LPL Financial, an estimated $70.4M added.
- The largest T. Rowe Price Small-Mid Cap ETF seller in Q4 2025 was Northwestern Mutual Wealth Management, an estimated $5.52M sold.
Based on aggregated 13F filings for Q4 2025.