Vault-13

T ROWE PRICE ETF INC TCAL

CAPITAL APPRECIA · ETP · CUSIP 87283Q784

35 institutional holders +15 vs Q2 2025
1,800,1711.8m shares reported held*
$43.9mreported value*
19 new 12 added 3 reduced 3 sold out net bought ≈ $29.4m (+1.2m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $24.40.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

02040Q1 25: 3Q2 25: 20Q3 25: 3535Q1 25Q2 25Q3 25
Numbers
QuarterHolders
Q1 20253
Q2 202520
Q3 202535

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q2 25: 18 bought or addedQ2 25: 1 cut or sold outQ2 25Q3 25: 31 bought or addedQ3 25: 6 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q2 2025181
Q3 2025316

Biggest buyers

LPL Financial LLC New +457,194+457.2k
CMC Financial Group New +378,162+378.2k
Southland Equity Partners LLC New +101,315+101.3k
4J Wealth Management LLC Added +51,447+51.4k
NCM Capital Management, LLC Added +48,945+48.9k
Cornerstone Advisory, LLC New +45,139+45.1k
Essex Financial Services, Inc. Added +43,752+43.8k
Concurrent Investment Advisors, LLC Added +42,442+42.4k
Waterfront Wealth Inc. New +38,441+38.4k
OLD MISSION CAPITAL LLC New +37,231+37.2k

Biggest sellers

Pinnacle Wealth Management, LLC Sold out -119,225-119.2k
STIFEL FINANCIAL CORP Reduced -75,331-75.3k
SK Wealth Management, LLC Reduced -67,468-67.5k
JANE STREET GROUP, LLC Sold out -22,160-22.2k
Annis Gardner Whiting Capital Advisors, LLC Reduced -4,713-4.7k
FMR LLC Sold out -1-1

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 457,194457.2k $11.2m $11.2m 0.00% New
2 CMC Financial Group 17.08% of their portfolio ATLANTA, GA 378,162378.2k $9.2m $9.2m 17.08% New
3 Southland Equity Partners LLC 0.50% of their portfolio WILDWOOD, MO 101,315101.3k $2.5m $2.5m 0.50% New
4 NCM Capital Management, LLC 0.71% of their portfolio RAMSEY, NJ 74,78874.8k $1.8m $1.8m 0.71% Added +48.9k +48,945
5 Essex Financial Services, Inc. 0.10% of their portfolio ESSEX, CT 68,94368.9k $1.7m $1.7m 0.10% Added +43.8k +43,752
6 4J Wealth Management LLC 0.93% of their portfolio MCLEAN, VA 64,74964.7k $1.6m $1.6m 0.93% Added +51.4k +51,447
7 Lowe Wealth Advisors, LLC 0.51% of their portfolio COLUMBIA, MD 56,82356.8k $1.4m $1.4m 0.51% Added +21.3k +21,270
8 Concurrent Investment Advisors, LLC 0.02% of their portfolio Tampa, FL 50,57950.6k $1.2m $1.2m 0.02% Added +42.4k +42,442
9 YARGER WEALTH STRATEGIES, LLC 0.53% of their portfolio WESTERVILLE, OH 47,21447.2k $1.2m $1.2m 0.53% Added +9.6k +9,570
10 Stratos Wealth Advisors, LLC 0.05% of their portfolio BEACHWOOD, OH 46,14846.1k $1.1m $1.1m 0.05% Added +4.3k +4,294
11 Cornerstone Advisory, LLC 0.11% of their portfolio HUNT VALLEY, MD 45,13945.1k $1.1m $1.1m 0.11% New
12 Waterfront Wealth Inc. 0.19% of their portfolio OVERLAND PARK, KS 38,44138.4k $949.5k $949.5k 0.19% New
13 OLD MISSION CAPITAL LLC 0.03% of their portfolio CHICAGO, IL 37,23137.2k $908.1k $908.1k 0.03% New
14 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 36,90136.9k $900.0k $900.0k 0.00% Added +26.2k +26,236
15 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 36,29536.3k $885.2k $885.2k 0.00% New
16 Lighthouse Wealth Management Inc. 0.67% of their portfolio ASHLAND, OH 33,64633.6k $820.6k $820.6k 0.67% Added +8.6k +8,589
17 SK Wealth Management, LLC 0.31% of their portfolio PROVIDENCE, RI 33,63533.6k $821.7k $821.7k 0.31% Reduced -67.5k -67,468
18 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 23,21523.2k $566.2k $566.2k 0.00% Added +11.6k +11,550
19 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 21,56221.6k $525.9k $525.9k 0.00% New
20 Keystone Financial Group 0.04% of their portfolio LEXINGTON, KY 20,00020.0k $487.8k $487.8k 0.04% New
21 Western Wealth Management, LLC 0.03% of their portfolio GOLDEN, CO 19,88519.9k $485.0k $485.0k 0.03% New
22 Garden State Investment Advisory Services LLC 0.11% of their portfolio Red Bank, NJ 17,40817.4k $424.6k $424.6k 0.11% New
23 Annis Gardner Whiting Capital Advisors, LLC 0.08% of their portfolio TAMPA, FL 16,82816.8k $410.4k $410.4k 0.08% Reduced -4.7k -4,713
24 Founders Financial Alliance, LLC 0.07% of their portfolio RALEIGH, NC 15,91515.9k $388.2k $388.2k 0.07% New
25 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 14,88314.9k $363.0k $363.0k 0.00% Reduced -75.3k -75,331
26 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 14,57314.6k $355.0k $355.0k 0.00% New
27 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 13,78713.8k $336.3k $336.3k 0.00% New
28 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 5,3105.3k $129.5k $129.5k 0.00% New
29 Capital Investment Advisory Services, LLC 0.01% of their portfolio RALEIGH, NC 5,2205.2k $127.3k $127.3k 0.01% Added +919 +919
30 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 2,0332.0k $49.6k $49.6k 0.00% New
31 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 900900 $22.0k $22.0k 0.00% New
32 Bogart Wealth, LLC 0.00% of their portfolio MCLEAN, VA 821821 $20.0k $20.0k 0.00% Added +208 +208
33 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 600600 $14.6k $14.6k 0.00% Unchanged
34 UBS Group AG 0.00% of their portfolio ZURICH, V8 2727 $659 $659 0.00% New
35 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $17 $17 0.00% New