Vault-13

T ROWE PRICE ETF INC TMSL

SMALL MID CAP · ETP · CUSIP 87283Q826

152 institutional holders +22 vs Q4 2025
33,261,12833.3m shares reported held*
$1.2bnreported value*
30 new 83 added 21 reduced 4 sold out net bought ≈ $269.0m (+7.3m 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 ($7.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $36.65.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0100200Q2 23: 2Q3 23: 2Q4 23: 12Q1 24: 16Q2 24: 23Q3 24: 46Q4 24: 87Q1 25: 100Q2 25: 98Q3 25: 108Q4 25: 130Q1 26: 152152Q2 23Q1 24Q4 24Q3 25Q1 26
Numbers
QuarterHolders
Q2 20232
Q3 20232
Q4 202312
Q1 202416
Q2 202423
Q3 202446
Q4 202487
Q1 2025100
Q2 202598
Q3 2025108
Q4 2025130
Q1 2026152

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 19 bought or addedQ2 24: 4 cut or sold outQ3 24: 42 bought or addedQ3 24: 1 cut or sold outQ3 24Q4 24: 72 bought or addedQ4 24: 8 cut or sold outQ1 25: 70 bought or addedQ1 25: 29 cut or sold outQ1 25Q2 25: 60 bought or addedQ2 25: 40 cut or sold outQ3 25: 70 bought or addedQ3 25: 31 cut or sold outQ3 25Q4 25: 84 bought or addedQ4 25: 33 cut or sold outQ1 26: 113 bought or addedQ1 26: 25 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024194
Q3 2024421
Q4 2024728
Q1 20257029
Q2 20256040
Q3 20257031
Q4 20258433
Q1 202611325

Biggest buyers

RAYMOND JAMES FINANCIAL INC Added +1,476,471+1.5m
PRICE T ROWE ASSOCIATES INC /MD/ Added +1,164,996+1.2m
AMERIPRISE FINANCIAL INC Added +1,009,365+1.0m
WELLS FARGO & COMPANY/MN Added +912,968+913.0k
ENVESTNET ASSET MANAGEMENT INC Added +487,300+487.3k
UBS Group AG Added +392,286+392.3k
BANK OF AMERICA CORP /DE/ Added +388,232+388.2k
JONES FINANCIAL COMPANIES LLLP Added +387,541+387.5k
Beacon Capital Management, Inc. Added +304,229+304.2k
N.E.W. Advisory Services LLC Added +219,389+219.4k

Biggest sellers

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -375,343-375.3k
LPL Financial LLC Reduced -345,136-345.1k
Corient Private Wealth LP Reduced -244,083-244.1k
HighPoint Advisor Group LLC Reduced -201,811-201.8k
D.A. DAVIDSON & CO. Reduced -107,834-107.8k
JANE STREET GROUP, LLC Sold out -27,426-27.4k
IFG Advisory, LLC Sold out -23,228-23.2k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -9,186-9.2k
Robertson Stephens Wealth Management, LLC Reduced -9,031-9.0k
STIFEL FINANCIAL CORP Reduced -7,313-7.3k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio BALTIMORE, MD 7,026,1877.0m $257.8m $257.8m 0.03% Added +1.2m +1,164,996
2 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 3,962,3854.0m $145.3m $145.3m 0.04% Reduced -345.1k -345,136
3 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 3,238,6743.2m $118.8m $118.8m 0.04% Added +1.5m +1,476,471
4 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 1,495,2921.5m $54.5m $54.5m 0.01% Added +1.0m +1,009,365
5 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,316,2321.3m $48.3m $48.3m 0.01% Added +913.0k +912,968
6 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 1,062,7851.1m $39.0m $39.0m 0.04% Added +167.1k +167,075
7 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 955,946955.9k $34.2m $34.2m 0.02% Added +387.5k +387,541
8 UBS Group AG 0.01% of their portfolio ZURICH, V8 948,188948.2k $34.8m $34.8m 0.01% Added +392.3k +392,286
9 CAPTRUST FINANCIAL ADVISORS 0.06% of their portfolio RALEIGH, NC 886,985887.0k $32.5m $32.5m 0.06% Added +27.9k +27,893
10 Watchman Group, Inc. 7.20% of their portfolio PLANO, TX 811,272811.3k $29.7m $29.7m 7.20% Reduced -809 -809
11 Kendall Capital Management 5.57% of their portfolio ROCKVILLE, MD 741,348741.3k $27.2m $27.2m 5.57% Added +49.2k +49,224
12 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 668,278668.3k $24.5m $24.5m 0.04% Added +52.7k +52,726
13 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 646,545646.5k $23.7m $23.7m 0.01% Added +487.3k +487,300
14 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 553,628553.6k $20.3m $20.3m 0.00% Added +388.2k +388,232
15 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 523,380523.4k $19.3m $19.3m 0.04% Reduced -375.3k -375,343
16 Private Advisor Group, LLC 0.09% of their portfolio MORRISTOWN, NJ 520,974521.0k $19.1m $19.1m 0.09% Added +44.7k +44,688
17 Asio Capital, LLC 2.60% of their portfolio LEXINGTON, KY 505,495505.5k $18.5m $18.5m 2.60% Added +38.6k +38,556
18 CMH Wealth Management LLC 3.18% of their portfolio PORTSMOUTH, NH 504,442504.4k $18.5m $18.5m 3.18% Added +2.3k +2,339
19 Beacon Capital Management, Inc. 0.89% of their portfolio DAYTON, OH 433,931433.9k $15.9m $15.9m 0.89% Added +304.2k +304,229
20 HighPoint Advisor Group LLC 0.58% of their portfolio DOWNERS GROVE, IL 377,464377.5k $13.8m $13.8m 0.58% Reduced -201.8k -201,811
21 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 363,826363.8k $13.3m $13.3m 0.03% Added +15.9k +15,855
22 Souders Financial Advisors 1.49% of their portfolio CINCINNATI, OH 355,490355.5k $13.0m $13.0m 1.49% Added +9.5k +9,511
23 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 300,108300.1k $11.0m $11.0m 0.01% Reduced -9.2k -9,186
24 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 269,142269.1k $9.9m $9.9m 0.03% Added +142.7k +142,694
25 Bleakley Financial Group, LLC 0.14% of their portfolio PARSIPPANY, NJ 243,722243.7k $8.9m $8.9m 0.14% Added +53.0k +52,988
26 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 235,743235.7k $8.6m $8.6m 0.01% Reduced -244.1k -244,083
27 N.E.W. Advisory Services LLC 0.60% of their portfolio DE PERE, WI 220,395220.4k $8.1m $8.1m 0.60% Added +219.4k +219,389
28 DAVENPORT & Co LLC 0.04% of their portfolio RICHMOND, VA 211,705211.7k $7.8m $7.8m 0.04% Added +21.2k +21,156
29 D.A. DAVIDSON & CO. 0.04% of their portfolio GREAT FALLS, MT 181,950181.9k $6.7m $6.7m 0.04% Reduced -107.8k -107,834
30 EXCHANGE TRADED CONCEPTS, LLC 0.05% of their portfolio Oklahoma City, OK 181,518181.5k $6.7m $6.7m 0.05% New
31 OneDigital Investment Advisors LLC 0.06% of their portfolio OVERLAND PARK, KS 173,771173.8k $6.4m $6.4m 0.06% Added +16.6k +16,642
32 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 152,060152.1k $5.6m $5.6m 0.01% Added +21.7k +21,732
33 Stratos Wealth Partners, LTD. 0.06% of their portfolio BEACHWOOD, OH 147,906147.9k $5.4m $5.4m 0.06% Added +3.4k +3,409
34 Atlas Wealth LLC 1.44% of their portfolio CINCINNATI, OH 130,764130.8k $4.8m $4.8m 1.44% Added +26.8k +26,773
35 FLAGSHIP HARBOR ADVISORS, LLC 0.21% of their portfolio BOSTON, MA 130,182130.2k $4.8m $4.8m 0.21% Added +2.3k +2,280
36 CENTAURUS FINANCIAL, INC. 0.22% of their portfolio ANAHEIM, CA 128,058128.1k $4.7m $4.7m 0.22% Reduced -735 -735
37 Atria Investments, Inc 0.05% of their portfolio Charlotte, NC 123,190123.2k $4.5m $4.5m 0.05% Added +82.2k +82,238
38 Pearl Planning LLC 2.35% of their portfolio DEXTER, MI 120,078120.1k $4.4m $4.4m 2.35% Added +5.3k +5,303
39 SITTNER & NELSON, LLC 1.59% of their portfolio EUGENE, OR 118,979119.0k $4.4m $4.4m 1.59% Added +41.2k +41,210
40 Essex Financial Services, Inc. 0.24% of their portfolio ESSEX, CT 118,162118.2k $4.3m $4.3m 0.24% Added +12.6k +12,581
41 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 106,766106.8k $3.9m $3.9m 0.01% Added +52.7k +52,698
42 Valmark Advisers, Inc. 0.04% of their portfolio AKRON, OH 102,453102.5k $3.8m $3.8m 0.04% New
43 Farther Finance Advisors, LLC 0.04% of their portfolio SAN FRANCISCO, CA 101,888101.9k $3.8m $3.8m 0.04% Added +1.5k +1,488
44 Garden State Investment Advisory Services LLC 0.87% of their portfolio Red Bank, NJ 98,65198.7k $3.6m $3.6m 0.87% Added +4.6k +4,572
45 Legacy Capital Group California, Inc. 1.23% of their portfolio LOS GATOS, CA 87,81187.8k $3.2m $3.2m 1.23% Added +52.8k +52,832
46 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 78,99079.0k $2.9m $2.9m 0.01% Added +8.5k +8,488
47 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 78,93578.9k $2.9m $2.9m 0.01% Added +3.4k +3,417
48 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 76,41676.4k $2.8m $2.8m 0.00% Added +12.9k +12,884
49 Richard P Slaughter Associates Inc 0.50% of their portfolio AUSTIN, TX 62,66162.7k $2.3m $2.3m 0.50% New
50 PFG Advisors 0.10% of their portfolio Phoenix, AZ 55,79155.8k $2.0m $2.0m 0.10% Added +1.9k +1,929
51 Heritage Wealth Management, Inc. 0.96% of their portfolio CINCINNATI, OH 53,14153.1k $1.9m $1.9m 0.96% Added +4.1k +4,087
52 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 52,75852.8k $1.9m $1.9m 0.00% Added +21.7k +21,686
53 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 47,61647.6k $1.7m $1.7m 0.01% Added +16.4k +16,370
54 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 47,21747.2k $1.7m $1.7m 0.00% Added +46.5k +46,550
55 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 46,50746.5k $1.7m $1.7m 0.01% Added +31.6k +31,602
56 Golden State Wealth Management, LLC 0.18% of their portfolio SANTA ANA, CA 45,09145.1k $1.7m $1.7m 0.18% Added +9.7k +9,667
57 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 43,27343.3k $1.6m $1.6m 0.01% Added +8.0k +7,957
58 DAHRING | CUSMANO LLC 0.97% of their portfolio NOVI, MI 42,85242.9k $1.6m $1.6m 0.97% Reduced -865 -865
59 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 36,19536.2k $1.3m $1.3m 0.00% New
60 DKM Wealth Management, Inc. 0.91% of their portfolio STOCKTON, CA 34,58434.6k $1.3m $1.3m 0.91% Added +6.9k +6,922
61 Kingsview Wealth Management, LLC 0.02% of their portfolio GRANTS PASS, OR 33,45533.5k $1.2m $1.2m 0.02% Reduced -1.1k -1,093
62 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 33,36133.4k $1.2m $1.2m 0.00% Unchanged
63 Thayer Partners, LLC / MA 0.57% of their portfolio WYNDMOOR, PA 32,64032.6k $1.2m $1.2m 0.57% Added +6.2k +6,223
64 GeoWealth Management, LLC 0.04% of their portfolio CHICAGO, IL 32,49632.5k $1.2m $1.2m 0.04% Added +19.2k +19,180
65 StrongBox Wealth, LLC 0.37% of their portfolio LEE'S SUMMIT, MO 31,36431.4k $1.2m $1.2m 0.37% Added +22.4k +22,434
66 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 30,43430.4k $1.1m $1.1m 0.01% Added +9.3k +9,341
67 Capital Analysts, LLC 0.03% of their portfolio FORT WASHINGTON, PA 30,28130.3k $1.1m $1.1m 0.03% Added +13.5k +13,511
68 AXXCESS WEALTH MANAGEMENT, LLC 0.03% of their portfolio CARLSBAD, CA 29,55129.6k $1.1m $1.1m 0.03% Added +23.9k +23,883
69 Omnitrust Wealth Management, Inc 1.40% of their portfolio JACKSONVILLE, FL 29,52229.5k $1.1m $1.1m 1.40% Added +20.0k +19,968
70 BENJAMIN EDWARDS INC 0.01% of their portfolio Clayton, MO 29,11429.1k $1.1m $1.1m 0.01% Added +5.0k +5,005
71 IHT Wealth Management, LLC 0.02% of their portfolio Chicago, IL 28,67628.7k $1.1m $1.1m 0.02% Added +18.5k +18,479
72 OneAscent Family Office, LLC 0.72% of their portfolio BIRMINGHAM, AL 27,93827.9k $1.0m $1.0m 0.72% Unchanged
73 Beacon Financial Advisory LLC 0.23% of their portfolio CLEVELAND, OH 27,19827.2k $997.4k $997.4k 0.23% New
74 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 25,77725.8k $945.2k $945.2k 0.00% Reduced -7.3k -7,313
75 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 25,69025.7k $942.1k $942.1k 0.00% Added +16.9k +16,903
76 Retirement Planning Group, LLC 0.03% of their portfolio LEAWOOD, KS 24,10324.1k $883.9k $883.9k 0.03% Added +7.1k +7,100
77 AdvisorNet Financial, Inc 0.04% of their portfolio MINNETONKA, MN 23,14423.1k $848.7k $848.7k 0.04% Added +106 +106
78 CreativeOne Wealth, LLC 0.02% of their portfolio OVERLAND PARK, KS 22,81722.8k $836.7k $836.7k 0.02% Added +15.0k +14,960
79 Advisor OS, LLC 0.06% of their portfolio CHICAGO, IL 21,37821.4k $783.9k $783.9k 0.06% New
80 CWM, LLC 0.00% of their portfolio OMAHA, NE 20,40520.4k $748.3k $748.3k 0.00% Added +825 +825
81 Robertson Stephens Wealth Management, LLC 0.02% of their portfolio San Francisco, CA 19,92819.9k $730.8k $730.8k 0.02% Reduced -9.0k -9,031
82 LEVEL FOUR ADVISORY SERVICES, LLC 0.02% of their portfolio DALLAS, TX 18,87818.9k $692.3k $692.3k 0.02% New
83 First Heartland Consultants, Inc. 0.05% of their portfolio LAKE ST. LOUIS, MO 18,13918.1k $665.2k $665.2k 0.05% Added +5.7k +5,739
84 FOUNDERS FINANCIAL SECURITIES LLC 0.04% of their portfolio TOWSON, MD 17,82317.8k $690.8k $690.8k 0.04% New
85 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 17,21317.2k $631.2k $631.2k 0.01% Reduced -4.1k -4,123
86 Financial Security Advisor, Inc. 0.11% of their portfolio VIRGINIA BEACH, VA 16,57916.6k $607.9k $607.9k 0.11% Added +28 +28
87 United Advisor Group, LLC 0.07% of their portfolio CINCINNATI, OH 15,87915.9k $582.3k $582.3k 0.07% Added +4.8k +4,837
88 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 15,16515.2k $556.1k $556.1k 0.01% New
89 SEAMOUNT FINANCIAL GROUP INC 0.25% of their portfolio COLORADO SPRINGS, CO 15,13415.1k $555.0k $555.0k 0.25% Reduced -15 -15
90 Capital Investment Advisory Services, LLC 0.04% of their portfolio RALEIGH, NC 14,64714.6k $537.1k $537.1k 0.04% Added +1.5k +1,539
91 Legacy Capital Wealth Partners, LLC 0.11% of their portfolio LITTLE ROCK, AR 14,44414.4k $529.7k $529.7k 0.11% Added +8.3k +8,272
92 Composition Wealth, LLC 0.01% of their portfolio LOS ANGELES, CA 13,70113.7k $502.4k $502.4k 0.01% Added +865 +865
93 National Wealth Management Group, LLC 0.19% of their portfolio CINCINNATI, OH 13,54713.5k $496.8k $496.8k 0.19% Reduced -445 -445
94 Gladstone Institutional Advisory LLC 0.02% of their portfolio Bedminster, NJ 13,40313.4k $491.5k $491.5k 0.02% New
95 SageGuard Financial Group, LLC 0.08% of their portfolio GOODLETTSVILLE, TN 13,37913.4k $490.6k $490.6k 0.08% New
96 Western Wealth Management, LLC 0.02% of their portfolio GOLDEN, CO 13,33313.3k $488.9k $488.9k 0.02% Added +3.0k +2,973
97 BRADLEY FOSTER & SARGENT INC/CT 0.01% of their portfolio HARTFORD, CT 12,67112.7k $464.6k $464.6k 0.01% Added +5.0k +5,032
98 Mariner, LLC 0.00% of their portfolio Overland Park, KS 12,57712.6k $461.2k $461.2k 0.00% Added +990 +990
99 Frontier Asset Management, LLC 0.09% of their portfolio SHERIDAN, WY 11,34011.3k $415.8k $415.8k 0.09% Reduced -426 -426
100 MSH Capital Advisors LLC 0.08% of their portfolio SCOTTSDALE, AZ 10,68510.7k $391.8k $391.8k 0.08% Reduced -1.6k -1,558