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T. Rowe Price Small-Mid Cap ETF

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.

New
Increased
Maintained
Reduced
Closed

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: 108130 (+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: 44 (0)

Holders
130
Holders Change
+22
Holders Change %
+20.37%
% of All Funds
1.58%
Holding in Top 10
4
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.05%
New
28
Increased
62
Reduced
27
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$211M +$25.7M +723,445 +14%
LPL Financial
2
LPL Financial
California
$155M +$70.4M +1,983,521 +85%
Raymond James Financial
3
Raymond James Financial
Florida
$63.3M +$21.5M +605,507 +52%
Wealth Enhancement Advisory Services
4
Wealth Enhancement Advisory Services
Minnesota
$33.6M +$2.36M +66,565 +8%
Cetera Investment Advisers
5
Cetera Investment Advisers
Illinois
$32.2M +$17.9M +505,143 +129%
CAPTRUST Financial Advisors
6
CAPTRUST Financial Advisors
North Carolina
$30.8M +$364K +10,274 +1%
WG
7
Watchman Group
Texas
$29.2M +$296K +8,354 +1%
KCM
8
Kendall Capital Management
Maryland
$24.8M +$2.4M +67,547 +11%
Osaic Holdings
9
Osaic Holdings
Arizona
$22.1M +$4.29M +120,947 +24%
HAG
10
HighPoint Advisor Group
Illinois
$20.8M +$20.5M +579,275 New
Jones Financial Companies
11
Jones Financial Companies
Missouri
$20.4M +$7.57M +213,396 +60%
UBS Group
12
UBS Group
Switzerland
$20M +$1.69M +47,512 +9%
CWM
13
CMH Wealth Management
New Hampshire
$18M +$313K +8,813 +2%
Ameriprise
14
Ameriprise
Minnesota
$17.4M +$15.8M +444,734 +1,080%
Corient Private Wealth
15
Corient Private Wealth
Florida
$17.2M +$8.41M +237,140 +98%
PAG
16
Private Advisor Group
New Jersey
$17.1M +$1.65M +46,571 +11%
AC
17
Asio Capital
Kentucky
$16.8M +$1.6M +45,045 +11%
Wells Fargo
18
Wells Fargo
California
$14.5M +$3.61M +101,921 +34%
Cambridge Investment Research Advisors
19
Cambridge Investment Research Advisors
Iowa
$12.5M +$2.86M +80,600 +30%
SFA
20
Souders Financial Advisors
Ohio
$12.4M +$288K +8,126 +2%
Northwestern Mutual Wealth Management
21
Northwestern Mutual Wealth Management
Wisconsin
$11.1M -$5.52M -155,625 -33%
DADC
22
D.A. Davidson & Co
Montana
$10.4M +$147K +4,144 +1%
BFG
23
Bleakley Financial Group
New Jersey
$6.85M +$6.77M +190,734 New
DC
24
Davenport & Co
Virginia
$6.84M +$374K +10,555 +6%
Bank of America
25
Bank of America
North Carolina
$5.94M +$5.7M +160,634 +3,373%

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.