T. Rowe Price US Equity Research ETF
TSPA
123 hedge funds and large institutions have $1.76B invested in T. Rowe Price US Equity Research ETF in 2025 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 72 increasing their positions, 21 reducing their positions, and 6 closing their positions.
243% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 21
167% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 6
57% more capital inflows, than outflows
Capital inflows: $93M | Capital outflows: $59.3M
9% more funds holding
Funds holding: 113 → 123 (+10)
0.87% less ownership
Funds ownership: 84.12% → 83.25% (-0.87%)
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Forvis Mazars Wealth Advisors
Springfield,
Missouri
|
+$18.6M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$8.61M |
| 3 |
NEWAS
N.E.W. Advisory Services
De Pere,
Wisconsin
|
+$6.29M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$5.76M |
| 5 |
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
+$3.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$49.3M |
| 2 |
CC
Commons Capital
Needham,
Massachusetts
|
-$2.52M |
| 3 |
SWM
SK Wealth Management
Providence,
Rhode Island
|
-$1.16M |
| 4 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$898K |
| 5 |
Atria Investments
Charlotte,
North Carolina
|
-$862K |
TSPA Hedge Fund Activity: Q4 2025 in Review
123 of the 8,288 institutional investors tracked by Wall St. Rank reported a position in T. Rowe Price US Equity Research ETF (TSPA) for Q4 2025, worth a combined $1.76B — up 4.1% from $1.69B a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new TSPA positions and 6 closed out — a net gain of 10 holders — while 72 added to existing stakes and 21 trimmed.
The largest buyer was Forvis Mazars Wealth Advisors, adding an estimated $18.6M. The largest seller was Northwestern Mutual Wealth Management, cutting an estimated $49.3M.
- 123 institutional investors held T. Rowe Price US Equity Research ETF (TSPA) as of Q4 2025, up from 113 in Q3 2025.
- Funds reported $1.76B of T. Rowe Price US Equity Research ETF stock for Q4 2025, up 4.1% quarter-over-quarter.
- 16 funds opened new T. Rowe Price US Equity Research ETF positions in Q4 2025 and 6 closed out, a net change of +10 holders.
- The largest T. Rowe Price US Equity Research ETF buyer in Q4 2025 was Forvis Mazars Wealth Advisors, an estimated $18.6M added.
- The largest T. Rowe Price US Equity Research ETF seller in Q4 2025 was Northwestern Mutual Wealth Management, an estimated $49.3M sold.
Based on aggregated 13F filings for Q4 2025.