T. Rowe Price US Equity Research ETF
TSPA
113 hedge funds and large institutions have $1.69B invested in T. Rowe Price US Equity Research ETF in 2025 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 63 increasing their positions, 19 reducing their positions, and 5 closing their positions.
280% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 5
232% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 19
25% more funds holding in top 10
Funds holding in top 10: 8 → 10 (+2)
16% more capital invested
Capital invested by funds: $1.46B → $1.69B (+$229M)
11% more funds holding
Funds holding: 102 → 113 (+11)
1.95% more ownership
Funds ownership: 82.17% → 84.12% (+1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
+$29.1M |
| 2 |
FMWA
Forvis Mazars Wealth Advisors
Springfield,
Missouri
|
+$15.4M |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$13.9M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$10.4M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$9.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$12.4M |
| 2 |
Two Sigma Investments
New York
|
-$6.55M |
| 3 |
PSCM
Per Stirling Capital Management
Austin,
Texas
|
-$4.43M |
| 4 |
EFH
Eaton Financial Holdings
Coral Springs,
Florida
|
-$984K |
| 5 |
FNT
First National Trust
Hermitage,
Pennsylvania
|
-$883K |
TSPA Hedge Fund Activity: Q3 2025 in Review
113 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in T. Rowe Price US Equity Research ETF (TSPA) for Q3 2025, worth a combined $1.69B — up 16% from $1.46B a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new TSPA positions and 5 closed out — a net gain of 14 holders — while 63 added to existing stakes and 19 trimmed.
The largest buyer was Fort Washington Investment Advisors, opening a new position worth an estimated $29.1M. The largest seller was Morgan Stanley, cutting an estimated $12.4M.
- 113 institutional investors held T. Rowe Price US Equity Research ETF (TSPA) as of Q3 2025, up from 102 in Q2 2025.
- Funds reported $1.69B of T. Rowe Price US Equity Research ETF stock for Q3 2025, up 16% quarter-over-quarter.
- 19 funds opened new T. Rowe Price US Equity Research ETF positions in Q3 2025 and 5 closed out, a net change of +14 holders.
- The largest T. Rowe Price US Equity Research ETF buyer in Q3 2025 was Fort Washington Investment Advisors, an estimated $29.1M added.
- The largest T. Rowe Price US Equity Research ETF seller in Q3 2025 was Morgan Stanley, an estimated $12.4M sold.
Based on aggregated 13F filings for Q3 2025.