T. Rowe Price US Equity Research ETF
TSPA
83 hedge funds and large institutions have $1.2B invested in T. Rowe Price US Equity Research ETF in 2025 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 44 increasing their positions, 8 reducing their positions, and 4 closing their positions.
5,207% more capital inflows, than outflows
Capital inflows: $437M | Capital outflows: $8.23M
550% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 4
450% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 8
75% more funds holding in top 10
Funds holding in top 10: 4 → 7 (+3)
36% more funds holding
Funds holding: 61 → 83 (+22)
2.26% more ownership
Funds ownership: 80.18% → 82.44% (+2.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
M&T Bank
Buffalo,
New York
|
+$171M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$42.8M |
| 3 |
AFA
Alpha Financial Advisors
Charlotte,
North Carolina
|
+$30.9M |
| 4 |
Morgan Stanley
New York
|
+$26.2M |
| 5 |
Forvis Mazars Wealth Advisors
Springfield,
Missouri
|
+$20.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
-$5.88M |
| 2 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$1.01M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$436K |
| 4 |
Jane Street
New York
|
-$242K |
| 5 |
MCM
MidAtlantic Capital Management
Richmond,
Virginia
|
-$230K |
TSPA Hedge Fund Activity: Q1 2025 in Review
83 of the 7,478 institutional investors tracked by Wall St. Rank reported a position in T. Rowe Price US Equity Research ETF (TSPA) for Q1 2025, worth a combined $1.2B — up 43% from $843M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new TSPA positions and 4 closed out — a net gain of 22 holders — while 44 added to existing stakes and 8 trimmed.
The largest buyer was M&T Bank, adding an estimated $171M. The largest seller was Two Sigma Investments, exiting entirely with an estimated $5.88M sold.
- 83 institutional investors held T. Rowe Price US Equity Research ETF (TSPA) as of Q1 2025, up from 61 in Q4 2024.
- Funds reported $1.2B of T. Rowe Price US Equity Research ETF stock for Q1 2025, up 43% quarter-over-quarter.
- 26 funds opened new T. Rowe Price US Equity Research ETF positions in Q1 2025 and 4 closed out, a net change of +22 holders.
- The largest T. Rowe Price US Equity Research ETF buyer in Q1 2025 was M&T Bank, an estimated $171M added.
- The largest T. Rowe Price US Equity Research ETF seller in Q1 2025 was Two Sigma Investments, an estimated $5.88M sold.
Based on aggregated 13F filings for Q1 2025.