T. Rowe Price Small-Mid Cap ETF
TMSL
96 hedge funds and large institutions have $587M invested in T. Rowe Price Small-Mid Cap ETF in 2025 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 49 increasing their positions, 25 reducing their positions, and 15 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
96% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 25
30% more capital invested
Capital invested by funds: $452M → $587M (+$134M)
1.44% more ownership
Funds ownership: 69.2% → 70.63% (+1.4%)
3% less funds holding
Funds holding: 99 → 96 (-3)
20% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$34.4M |
| 2 |
CWM
CMH Wealth Management
Portsmouth,
New Hampshire
|
+$15M |
| 3 |
LPL Financial
San Diego,
California
|
+$12.8M |
| 4 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$9.24M |
| 5 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$8.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
-$8.27M |
| 2 |
NG
Novem Group
Rochester,
New York
|
-$6.37M |
| 3 |
CSP
Cary Street Partners
Richmond,
Virginia
|
-$4.74M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$3.78M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
-$2.38M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Citadel Advisors
Miami,
Florida
| – | -$745K | -24,426 | Closed |
|
102
Jane Street
New York
| – | -$698K | -22,888 | Closed |
|
103
Goldman Sachs
New York
| – | -$682K | -22,373 | Closed |
|
|
WCFA
104
Walkner Condon Financial Advisors
Madison,
Wisconsin
| – | -$296K | -9,725 | Closed |
|
|
LCWP
105
Legacy Capital Wealth Partners
Little Rock,
Arkansas
| – | -$271K | -8,881 | Closed |
|
106
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$73K | -2,405 | Closed |
|
|
PTC
107
Private Trust Company
Cleveland,
Ohio
| – | -$43K | -1,411 | Closed |
|
|
BFS
108
Burkett Financial Services
Rock Hill,
South Carolina
| – | -$12.4K | -408 | Closed |
|
|
PMFA
109
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$10.4K | -341 | Closed |
|
110
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$4.56K | -150 | Closed |
|
|
EB
111
Eastern Bank
Boston,
Massachusetts
| – | -$823 | -27 | Closed |
|
TMSL Hedge Fund Activity: Q2 2025 in Review
96 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in T. Rowe Price Small-Mid Cap ETF (TMSL) for Q2 2025, worth a combined $587M — up 30% from $452M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of TMSL and 12 opened new positions — a net loss of 3 holders — while 25 trimmed existing stakes and 49 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $34.4M. The largest seller was MML Investors Services, cutting an estimated $8.27M.
- 96 institutional investors held T. Rowe Price Small-Mid Cap ETF (TMSL) as of Q2 2025, down from 99 in Q1 2025.
- Funds reported $587M of T. Rowe Price Small-Mid Cap ETF stock for Q2 2025, up 30% quarter-over-quarter.
- 12 funds opened new T. Rowe Price Small-Mid Cap ETF positions in Q2 2025 and 15 closed out, a net change of -3 holders.
- The largest T. Rowe Price Small-Mid Cap ETF buyer in Q2 2025 was T. Rowe Price Associates, an estimated $34.4M added.
- The largest T. Rowe Price Small-Mid Cap ETF seller in Q2 2025 was MML Investors Services, an estimated $8.27M sold.
Based on aggregated 13F filings for Q2 2025.