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T. Rowe Price US Equity Research ETF
TSPA

119 hedge funds and large institutions have $1.71B invested in T. Rowe Price US Equity Research ETF in 2026 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 58 increasing their positions, 31 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

87% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 31

11% more funds holding in top 10

Funds holding in top 10: 9 → 10 (+1)

0% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 13

2% less capital invested

Capital invested by funds: $1.76B → $1.71B (-$42.5M)

1.21% less ownership

Funds ownership: 83.26% → 82.05% (-1.2%)

3% less funds holding

Funds holding: 123 → 119 (-4)

Holders
119
Holders Change
-4
Holders Change %
-3.25%
% of All Funds
1.46%
Holding in Top 10
10
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+11.11%
% of All Funds
0.12%
New
13
Increased
58
Reduced
31
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
FMWA
Forvis Mazars Wealth Advisors
Missouri
+$17.2M
2
NEWAS
N.E.W. Advisory Services
Wisconsin
+$7.05M
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$6.21M
4
FWIA
Fort Washington Investment Advisors
Ohio
+$4.05M
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$3.95M

Top Sellers

1
M&T Bank
M&T Bank
New York
-$8.94M
2
AI
Atria Investments
North Carolina
-$7.7M
3
KAS
Kestra Advisory Services
Texas
-$7.62M
4
Morgan Stanley
Morgan Stanley
New York
-$2.74M
5
FNT
First National Trust
Pennsylvania
-$1.89M
Name Holding Trade Value Shares
Change 		Change in
Stake
National Pension Service
1
National Pension Service
South Korea
$389M – – –
M&T Bank
2
M&T Bank
New York
$233M -$8.94M -209,250 -4%
Morgan Stanley
3
Morgan Stanley
New York
$154M -$2.74M -64,114 -2%
AF
4
Allworth Financial
California
$139M +$857K +20,067 +0.6%
FMWA
5
Forvis Mazars Wealth Advisors
Missouri
$110M +$17.2M +403,204 +18%
PWM
6
Provident Wealth Management
Tennessee
$56.1M -$467K -10,922 -0.8%
Envestnet Asset Management
7
Envestnet Asset Management
Illinois
$42.4M +$2.22M +52,015 +5%
FWIA
8
Fort Washington Investment Advisors
Ohio
$36.9M +$4.05M +94,754 +12%
AFA
9
Alpha Financial Advisors
North Carolina
$32.9M +$1.33M +31,167 +4%
FNT
10
First National Trust
Pennsylvania
$30.9M -$1.89M -44,259 -6%
Cetera Investment Advisers
11
Cetera Investment Advisers
Illinois
$30.8M +$3.04M +71,091 +10%
Northwestern Mutual Wealth Management
12
Northwestern Mutual Wealth Management
Wisconsin
$29.4M +$3.95M +92,550 +15%
PAM
13
Prodigy Asset Management
Nebraska
$28.7M +$909K +21,292 +3%
T. Rowe Price Associates
14
T. Rowe Price Associates
Maryland
$26.5M – – –
CAPTRUST Financial Advisors
15
CAPTRUST Financial Advisors
North Carolina
$24.1M +$131K +3,056 +0.5%
GWM
16
Geneos Wealth Management
Colorado
$20.4M +$92.3K +2,161 +0.4%
FAM
17
Frontier Asset Management
Wyoming
$19.7M +$976K +22,838 +5%
ETC
18
Exchange Traded Concepts
Oklahoma
$16.8M +$3.08M +72,006 +21%
HighTower Advisors
19
HighTower Advisors
Illinois
$15.9M +$2.45M +57,392 +17%
EFH
20
Eaton Financial Holdings
Florida
$15.6M -$209K -4,898 -1%
Cambridge Investment Research Advisors
21
Cambridge Investment Research Advisors
Iowa
$14.4M +$6.21M +145,294 +70%
NEWAS
22
N.E.W. Advisory Services
Wisconsin
$13.9M +$7.05M +164,940 +95%
NIA
23
NBZ Investment Advisors
Tennessee
$13.7M +$798K +18,692 +6%
JP Morgan Chase
24
JP Morgan Chase
New York
$13.5M +$1.14M +26,793 +9%
GSIAS
25
Garden State Investment Advisory Services
New Jersey
$13.4M +$2.43M +56,919 +21%
1
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TSPA Hedge Fund Activity: Q1 2026 in Review

119 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in T. Rowe Price US Equity Research ETF (TSPA) for Q1 2026, worth a combined $1.71B — down 2.4% from $1.76B a quarter earlier.

Fund positioning in TSPA was balanced in Q1 2026: 13 funds opened new positions, 13 closed out, 58 added to existing stakes and 31 trimmed.

The largest buyer was Forvis Mazars Wealth Advisors, adding an estimated $17.2M. The largest seller was M&T Bank, cutting an estimated $8.94M.

  • 119 institutional investors held T. Rowe Price US Equity Research ETF (TSPA) as of Q1 2026, down from 123 in Q4 2025.
  • Funds reported $1.71B of T. Rowe Price US Equity Research ETF stock for Q1 2026, down 2.4% quarter-over-quarter.
  • 13 funds opened new T. Rowe Price US Equity Research ETF positions in Q1 2026 and 13 closed out, a net change of 0 holders.
  • The largest T. Rowe Price US Equity Research ETF buyer in Q1 2026 was Forvis Mazars Wealth Advisors, an estimated $17.2M added.
  • The largest T. Rowe Price US Equity Research ETF seller in Q1 2026 was M&T Bank, an estimated $8.94M sold.

Based on aggregated 13F filings for Q1 2026.