Vault-13

T ROWE PRICE ETF INC TCAF

CAP APPRECIATION · ETP · CUSIP 87283Q867

124 institutional holders +75 vs Q3 2023
15,559,03015.6m shares reported held*
$430.0mreported value*
71 new 33 added 6 reduced 6 sold out net bought ≈ $269.4m (+9.8m 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 ≈ $27.64.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

050100150Q2 23: 12Q3 23: 49Q4 23: 124124Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q2 202312
Q3 202349
Q4 2023124

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 46 bought or addedQ3 23: 3 cut or sold outQ3 23Q4 23: 104 bought or addedQ4 23: 12 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q3 2023463
Q4 202310412

Biggest buyers

LPL Financial LLC Added +1,022,471+1.0m
Janney Montgomery Scott LLC New +953,958+954.0k
TTP Investments, Inc. New +865,952+866.0k
Beaumont Financial Advisors, LLC New +743,383+743.4k
Raymond James Financial Services Advisors, Inc. New +693,096+693.1k
McCarthy Asset Management, Inc. Added +546,585+546.6k
COMMONWEALTH EQUITY SERVICES, LLC Added +526,097+526.1k
FINANCIAL CONSULATE, INC New +468,947+468.9k
Arcus Capital Partners, LLC New +264,627+264.6k
ENVESTNET ASSET MANAGEMENT INC Added +256,282+256.3k

Biggest sellers

Sharkey, Howes & Javer Reduced -95,537-95.5k
OSAIC HOLDINGS, INC. Reduced -59,932-59.9k
WNY Asset Management, LLC Sold out -54,193-54.2k
CITADEL ADVISORS LLC Sold out -31,005-31.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -16,991-17.0k
Compass Ion Advisors, LLC Reduced -10,261-10.3k
Mariner, LLC Sold out -8,125-8.1k
Stonebridge Capital Advisors LLC Sold out -2,450-2.5k
Parallel Advisors, LLC Sold out -2,015-2.0k
Ted Buchan & Co Reduced -1,394-1.4k

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,274,1061.3m $35.2m $35.2m 0.02% Added +1.0m +1,022,471
2 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 1,250,3811.3m $34.5m $34.5m 0.06% Reduced -59.9k -59,932
3 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 1,002,9561.0m $27.7m $27.7m 0.05% Added +526.1k +526,097
4 Janney Montgomery Scott LLC 0.09% of their portfolio PHILADELPHIA, PA 953,958954.0k $26.4m $26.4m 0.09% New
5 TTP Investments, Inc. 10.30% of their portfolio San Jose, CA 865,952866.0k $23.9m $23.9m 10.30% New
6 Beaumont Financial Advisors, LLC 1.87% of their portfolio NEEDHAM, MA 743,383743.4k $20.5m $20.5m 1.87% New
7 Raymond James Financial Services Advisors, Inc. 0.03% of their portfolio ST. PETERSBURG, FL 693,096693.1k $19.2m $19.2m 0.03% New
8 Modern Wealth Management, LLC 2.17% of their portfolio KANSAS CITY, MO 622,758622.8k $17.2m $17.2m 2.17% First filing
9 McCarthy Asset Management, Inc. 9.91% of their portfolio REDWOOD SHORES, CA 560,583560.6k $15.5m $15.5m 9.91% Added +546.6k +546,585
10 PYA Waltman Capital, LLC 6.02% of their portfolio KNOXVILLE, TN 523,581523.6k $14.5m $14.5m 6.02% Added +31.5k +31,522
11 CORA CAPITAL ADVISORS LLC 8.01% of their portfolio MARLTON, NJ 492,494492.5k $13.6m $13.6m 8.01% Added +75.1k +75,143
12 FINANCIAL CONSULATE, INC 4.26% of their portfolio HUNT VALLEY, MD 468,947468.9k $13.0m $13.0m 4.26% New
13 Cornerstone Advisory, LLC 1.78% of their portfolio HUNT VALLEY, MD 414,280414.3k $11.4m $11.4m 1.78% Added +111.1k +111,145
14 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 321,903321.9k $8.9m $8.9m 0.04% Added +153.3k +153,283
15 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 276,845276.8k $7.6m $7.6m 0.00% Added +256.3k +256,282
16 Arcus Capital Partners, LLC 2.57% of their portfolio ATLANTA, GA 264,627264.6k $7.3m $7.3m 2.57% New
17 Redhawk Wealth Advisors, Inc. 1.16% of their portfolio MINNEAPOLIS, MN 214,885214.9k $5.9m $5.9m 1.16% New
18 4J Wealth Management LLC 4.88% of their portfolio MCLEAN, VA 193,458193.5k $5.3m $5.3m 4.88% Added +180.7k +180,703
19 Global Retirement Partners, LLC 0.21% of their portfolio San Rafael, CA 182,563182.6k $5.0m $5.0m 0.21% New
20 Principle Wealth Partners LLC 0.43% of their portfolio MADISON, CT 178,941178.9k $4.9m $4.9m 0.43% Added +44.3k +44,297
21 Mesirow Financial Investment Management, Inc. 0.17% of their portfolio CHICAGO, IL 175,089175.1k $4.8m $4.8m 0.17% New
22 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 174,308174.3k $4.8m $4.8m 0.02% New
23 PARSONS CAPITAL MANAGEMENT INC/RI 0.34% of their portfolio PROVIDENCE, RI 171,188171.2k $4.7m $4.7m 0.34% New
24 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 162,550162.6k $4.5m $4.5m 0.01% Added +72.5k +72,528
25 Sharkey, Howes & Javer 0.78% of their portfolio DENVER, CO 159,266159.3k $4.4m $4.4m 0.78% Reduced -95.5k -95,537
26 Compass Ion Advisors, LLC 0.67% of their portfolio CONSHOHOCKEN, PA 156,852156.9k $4.3m $4.3m 0.67% Reduced -10.3k -10,261
27 WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV 1.18% of their portfolio BERMUDA RUN, NC 145,877145.9k $4.0m $4.0m 1.18% New
28 MTM Investment Management, LLC 1.79% of their portfolio SPARTANBURG, SC 142,116142.1k $3.9m $3.9m 1.79% Added +14.0k +14,033
29 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 98,32298.3k $2.7m $2.7m 0.00% Added +70.2k +70,162
30 Capital Investment Advisory Services, LLC 0.23% of their portfolio RALEIGH, NC 90,58290.6k $2.5m $2.5m 0.23% Added +81.5k +81,478
31 Keystone Financial Group 0.43% of their portfolio LEXINGTON, KY 89,34689.3k $2.5m $2.5m 0.43% New
32 SFM, LLC 2.03% of their portfolio MANCHESTER, NH 89,10189.1k $2.5m $2.5m 2.03% First filing
33 Financial Security Advisor, Inc. 0.97% of their portfolio VIRGINIA BEACH, VA 88,93688.9k $2.5m $2.5m 0.97% New
34 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 79,55579.6k $2.2m $2.2m 0.01% Added +68.0k +68,038
35 UBS Group AG 0.00% of their portfolio ZURICH, V8 78,40278.4k $2.2m $2.2m 0.00% New
36 LIBERTY WEALTH MANAGEMENT LLC 0.43% of their portfolio OAKLAND, CA 72,83972.8k $2.0m $2.0m 0.43% New
37 CMG Global Holdings, LLC 1.51% of their portfolio PLANO, TX 71,67371.7k $2.1m $2.1m 1.51% New
38 Garden State Investment Advisory Services LLC 0.77% of their portfolio Red Bank, NJ 69,06869.1k $1.9m $1.9m 0.77% Added +20.8k +20,803
39 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 68,46568.5k $1.9m $1.9m 0.00% Added +41.4k +41,413
40 Carson Advisory Inc. 1.45% of their portfolio ATHENS, GA 67,46467.5k $1.9m $1.9m 1.45% Added +26.0k +25,964
41 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 65,23265.2k $1.8m $1.8m 0.00% Added +748 +748
42 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 63,85063.9k $1.8m $1.8m 0.00% New
43 LINCOLN NATIONAL CORP 0.03% of their portfolio RADNOR, PA 62,04562.0k $1.7m $1.7m 0.03% New
44 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 61,71261.7k $1.7m $1.7m 0.01% Added +44.6k +44,551
45 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 61,53261.5k $1.7m $1.7m 0.01% New
46 CAROLINAS WEALTH CONSULTING LLC 0.37% of their portfolio CHARLOTTE, NC 61,33461.3k $1.7m $1.7m 0.37% Added +28.0k +28,007
47 National Wealth Management Group, LLC 1.58% of their portfolio CINCINNATI, OH 59,16359.2k $1.6m $1.6m 1.58% Added +29.8k +29,839
48 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 58,88758.9k $1.6m $1.6m 0.02% New
49 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 56,86556.9k $1.6m $1.6m 0.02% New
50 World Investment Advisors 0.19% of their portfolio LINCROFT, NJ 51,93451.9k $1.4m $1.4m 0.19% New
51 FOCUS FINANCIAL NETWORK INC /ADV 0.05% of their portfolio Minneapolis, MN 51,83851.8k $1.4m $1.4m 0.05% First filing
52 Paragon Advisors, LLC 0.59% of their portfolio COLLEGE STATION, TX 50,24750.2k $1.4m $1.4m 0.59% Added +3.2k +3,185
53 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.06% of their portfolio RICHMOND, VA 48,37648.4k $1.3m $1.3m 0.06% Reduced -660 -660
54 NVWM, LLC 0.32% of their portfolio YARDLEY, PA 38,94038.9k $1.1m $1.1m 0.32% New
55 OneDigital Investment Advisors LLC 0.02% of their portfolio OVERLAND PARK, KS 36,96937.0k $1.0m $1.0m 0.02% New
56 ADE, LLC 0.69% of their portfolio BALTIMORE, MD 35,86335.9k $990.9k $990.9k 0.69% New
57 Weaver Consulting Group 0.38% of their portfolio HUNTINGTON BEACH, CA 34,08934.1k $941.9k $941.9k 0.38% Added +13.4k +13,398
58 NCM Capital Management, LLC 0.57% of their portfolio RAMSEY, NJ 33,91733.9k $937.1k $937.1k 0.57% Added +14.3k +14,300
59 SARD WEALTH MANAGEMENT GROUP, LLC 0.94% of their portfolio ATLANTA, GA 33,80633.8k $934.1k $934.1k 0.94% First filing
60 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 33,72933.7k $931.9k $931.9k 0.00% New
61 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 30,24330.2k $835.6k $835.6k 0.00% New
62 WealthPLAN Partners, LLC 0.09% of their portfolio OMAHA, NE 30,14730.1k $833.0k $833.0k 0.09% New
63 ZIMMERMANN INVESTMENT MANAGEMENT & PLANNING LLC 0.34% of their portfolio New Cumberland, PA 29,95630.0k $827.7k $827.7k 0.34% New
64 Walkner Condon Financial Advisors LLC 0.18% of their portfolio MADISON, WI 29,34029.3k $810.7k $810.7k 0.18% Added +16.9k +16,860
65 THOROUGHBRED FINANCIAL SERVICES, LLC 0.06% of their portfolio BRENTWOOD, TN 28,94828.9k $799.0k $799.0k 0.06% New
66 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 26,55126.6k $733.6k $733.6k 0.00% Reduced -1.0k -1,027
67 Tanglewood Wealth Management, Inc. 0.09% of their portfolio HOUSTON, TX 25,40125.4k $701.8k $701.8k 0.09% Added +12.5k +12,525
68 TSFG, LLC 0.21% of their portfolio LAKE FOREST, IL 23,80923.8k $658.0k $658.0k 0.21% New
69 Rain Capital Management, LLC 0.45% of their portfolio LAKE OSWEGO, OR 23,19323.2k $640.8k $640.8k 0.45% New
70 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 22,93522.9k $633.7k $633.7k 0.02% New
71 Southland Equity Partners LLC 0.20% of their portfolio WILDWOOD, MO 22,68322.7k $626.7k $626.7k 0.20% Added +7.9k +7,906
72 Chemistry Wealth Management LLC 0.18% of their portfolio NEW YORK, NY 22,13222.1k $611.5k $611.5k 0.18% New
73 CJM Wealth Advisers, Ltd. 0.26% of their portfolio FALLS CHURCH, VA 21,60921.6k $597.0k $597.0k 0.26% New
74 Ted Buchan & Co 0.43% of their portfolio San Diego, CA 21,31921.3k $589.0k $589.0k 0.43% Reduced -1.4k -1,394
75 ICA Group Wealth Management, LLC 0.13% of their portfolio DENVER, CO 21,29821.3k $588.5k $588.5k 0.13% New
76 FMA Wealth Management, LLC 0.52% of their portfolio DUXBURY, MA 20,59520.6k $569.1k $569.1k 0.52% First filing
77 Onyx Bridge Wealth Group LLC 0.11% of their portfolio TARRYTOWN, NY 18,84518.8k $520.7k $520.7k 0.11% New
78 Northwest Financial Advisors 0.44% of their portfolio HERNDON, VA 18,54018.5k $512.3k $512.3k 0.44% First filing
79 Pinnacle Wealth Management, LLC 0.58% of their portfolio ROSEVILLE, CA 18,25118.3k $504.3k $504.3k 0.58% New
80 Stratos Wealth Advisors, LLC 0.03% of their portfolio BEACHWOOD, OH 18,15618.2k $501.7k $501.7k 0.03% Added +3.8k +3,774
81 Ausdal Financial Partners, Inc. 0.06% of their portfolio Davenport, IA 18,15118.2k $501.5k $501.5k 0.06% Unchanged
82 Grant/GrossMendelsohn, LLC 0.21% of their portfolio Baltimore, MD 17,95318.0k $504.5k $504.5k 0.21% New
83 Trademark Financial Management, LLC 0.36% of their portfolio Bloomington, MN 17,74117.7k $490.2k $490.2k 0.36% First filing
84 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 14,86214.9k $410.6k $410.6k 0.01% New
85 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 14,86214.9k $410.6k $410.6k 0.00% New
86 High Net Worth Advisory Group LLC 0.15% of their portfolio NAPLES, FL 14,33814.3k $396.2k $396.2k 0.15% New
87 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 13,56213.6k $374.7k $374.7k 0.00% New
88 Godshalk Welsh Capital Management, Inc. 0.27% of their portfolio RADNOR, PA 13,45013.4k $371.6k $371.6k 0.27% New
89 Essex Financial Services, Inc. 0.03% of their portfolio ESSEX, CT 12,18212.2k $336.6k $336.6k 0.03% New
90 MACROVIEW INVESTMENT MANAGEMENT LLC 0.40% of their portfolio BETHESDA, MD 12,15012.2k $335.7k $335.7k 0.40% New
91 CRA Financial Services, LLC 0.08% of their portfolio NORTHFIELD, NJ 11,83511.8k $327.0k $327.0k 0.08% New
92 WARNER FINANCIAL, INC 0.17% of their portfolio BETHESDA, MD 11,14111.1k $308.0k $308.0k 0.17% New
93 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 10,91710.9k $302.0k $302.0k 0.00% New
94 CWM, LLC 0.00% of their portfolio OMAHA, NE 10,60110.6k $293.0k $293.0k 0.00% New
95 Northwest Capital Management Inc 0.10% of their portfolio Lake Oswego, OR 10,60110.6k $292.9k $292.9k 0.10% New
96 Belpointe Asset Management LLC 0.02% of their portfolio RENO, NV 10,19410.2k $281.7k $281.7k 0.02% New
97 Capital Analysts, LLC 0.01% of their portfolio FORT WASHINGTON, PA 10,13610.1k $280.0k $280.0k 0.01% Added +10.1k +10,111
98 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 9,97810.0k $275.7k $275.7k 0.00% New
99 Cornerstone Wealth Management, LLC 0.02% of their portfolio ST. PETERS, MO 9,4899.5k $262.2k $262.2k 0.02% New
100 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 9,0569.1k $250.2k $250.2k 0.00% New