T. Rowe Price US Equity Research ETF
TSPA
102 hedge funds and large institutions have $1.46B invested in T. Rowe Price US Equity Research ETF in 2025 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 46 increasing their positions, 22 reducing their positions, and 9 closing their positions.
211% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 9
109% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 22
23% more funds holding
Funds holding: 83 → 102 (+19)
20% more capital invested
Capital invested by funds: $1.22B → $1.46B (+$239M)
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
1.46% less ownership
Funds ownership: 83.63% → 82.17% (-1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
M&T Bank
Buffalo,
New York
|
+$27.8M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$22.6M |
| 3 |
FMWA
Forvis Mazars Wealth Advisors
Springfield,
Missouri
|
+$19M |
| 4 |
FAM
Frontier Asset Management
Sheridan,
Wyoming
|
+$11.1M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$6.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
-$17.5M |
| 2 |
PWM
Perigon Wealth Management
San Francisco,
California
|
-$5.53M |
| 3 |
AFA
Alpha Financial Advisors
Charlotte,
North Carolina
|
-$5.37M |
| 4 |
EFH
Eaton Financial Holdings
Coral Springs,
Florida
|
-$4.27M |
| 5 |
FFA
Farther Finance Advisors
San Francisco,
California
|
-$3.44M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
101
IFP Advisors
Tampa,
Florida
| $1.67K | +$1.55K | +43 | New |
|
102
UBS Group
Zurich,
Switzerland
| $1.48K | +$1.37K | +38 | New |
|
|
HFS
103
Hopwood Financial Services
Reston,
Virginia
| – | -$1.89M | -53,723 | Closed |
|
|
SPC
104
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$1.65M | -46,947 | Closed |
|
105
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$1.63M | -46,365 | Closed |
|
106
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$1.3M | -37,010 | Closed |
|
|
HSA
107
HBK Sorce Advisory
Erie,
Pennsylvania
| – | -$1.18M | -33,439 | Closed |
|
|
FTUS
108
Flow Traders U.S.
New York
| – | -$315K | -8,948 | Closed |
|
|
GM
109
GeoWealth Management
Chicago,
Illinois
| – | -$155K | -4,401 | Closed |
|
|
JWA
110
JFS Wealth Advisors
Hermitage,
Pennsylvania
| – | -$54.4K | -1,546 | Closed |
|
|
VWA
111
VSM Wealth Advisory
Hunt Valley,
Maryland
| – | -$4.29K | -122 | Closed |
|
TSPA Hedge Fund Activity: Q2 2025 in Review
102 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in T. Rowe Price US Equity Research ETF (TSPA) for Q2 2025, worth a combined $1.46B — up 20% from $1.22B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new TSPA positions and 9 closed out — a net gain of 19 holders — while 46 added to existing stakes and 22 trimmed.
The largest buyer was M&T Bank, adding an estimated $27.8M. The largest seller was Geneos Wealth Management, cutting an estimated $17.5M.
- 102 institutional investors held T. Rowe Price US Equity Research ETF (TSPA) as of Q2 2025, up from 83 in Q1 2025.
- Funds reported $1.46B of T. Rowe Price US Equity Research ETF stock for Q2 2025, up 20% quarter-over-quarter.
- 28 funds opened new T. Rowe Price US Equity Research ETF positions in Q2 2025 and 9 closed out, a net change of +19 holders.
- The largest T. Rowe Price US Equity Research ETF buyer in Q2 2025 was M&T Bank, an estimated $27.8M added.
- The largest T. Rowe Price US Equity Research ETF seller in Q2 2025 was Geneos Wealth Management, an estimated $17.5M sold.
Based on aggregated 13F filings for Q2 2025.