Vault-13

T ROWE PRICE ETF INC TCAF

CAP APPRECIATION · ETP · CUSIP 87283Q867

255 institutional holders +7 vs Q4 2024
88,664,77388.7m shares reported held*
$2.9bnreported value*
31 new 165 added 43 reduced 20 sold out net bought ≈ $929.2m (+28.8m 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 ≈ $32.19.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q2 23: 12Q3 23: 49Q4 23: 124Q1 24: 165Q2 24: 204Q3 24: 214Q4 24: 248Q1 25: 255255Q2 23Q4 23Q2 24Q4 24Q1 25
Numbers
QuarterHolders
Q2 202312
Q3 202349
Q4 2023124
Q1 2024165
Q2 2024204
Q3 2024214
Q4 2024248
Q1 2025255

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 outQ1 24: 136 bought or addedQ1 24: 28 cut or sold outQ1 24Q2 24: 160 bought or addedQ2 24: 34 cut or sold outQ3 24: 163 bought or addedQ3 24: 44 cut or sold outQ3 24Q4 24: 185 bought or addedQ4 24: 43 cut or sold outQ1 25: 196 bought or addedQ1 25: 63 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023463
Q4 202310412
Q1 202413628
Q2 202416034
Q3 202416344
Q4 202418543
Q1 202519663

Biggest buyers

PRICE T ROWE ASSOCIATES INC /MD/ Added +13,598,203+13.6m
VOYA INVESTMENT MANAGEMENT LLC Added +2,846,182+2.8m
LPL Financial LLC Added +1,634,146+1.6m
COMMONWEALTH EQUITY SERVICES, LLC Added +1,509,453+1.5m
Bank of New York Mellon Corp Added +822,877+822.9k
BANK OF AMERICA CORP /DE/ Added +753,992+754.0k
MORGAN STANLEY Added +624,647+624.6k
ADE, LLC Added +422,016+422.0k
GREAT VALLEY ADVISOR GROUP, INC. New +380,144+380.1k
OSAIC HOLDINGS, INC. Added +341,114+341.1k

Biggest sellers

Accordant Advisory Group Inc Sold out -289,212-289.2k
CITADEL ADVISORS LLC Reduced -129,002-129.0k
Verity Asset Management, Inc. Sold out -121,491-121.5k
CMG Global Holdings, LLC Sold out -98,162-98.2k
RENAISSANCE TECHNOLOGIES LLC Sold out -93,900-93.9k
Qube Research & Technologies Ltd Sold out -50,399-50.4k
Independent Advisor Alliance Sold out -49,117-49.1k
JANE STREET GROUP, LLC Sold out -42,029-42.0k
WORLD EQUITY GROUP, INC. Sold out -41,064-41.1k
Fortis Group Advisors, LLC Reduced -39,178-39.2k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio BALTIMORE, MD 13,623,06713.6m $439.1m $439.1m 0.05% Added +13.6m +13,598,203
2 LPL Financial LLC 0.11% of their portfolio FORT MILL, SC 8,790,0708.8m $283.7m $283.7m 0.11% Added +1.6m +1,634,146
3 VOYA INVESTMENT MANAGEMENT LLC 0.10% of their portfolio ATLANTA, GA 5,569,8125.6m $179.8m $179.8m 0.10% Added +2.8m +2,846,182
4 COMMONWEALTH EQUITY SERVICES, LLC 0.23% of their portfolio WALTHAM, MA 4,934,4744.9m $159.3m $159.3m 0.23% Added +1.5m +1,509,453
5 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 4,486,2894.5m $144.8m $144.8m 0.05% Reduced -28.7k -28,696
6 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 2,836,7392.8m $91.6m $91.6m 0.02% Added +315.3k +315,300
7 Baird Financial Group, Inc. 0.16% of their portfolio MILWAUKEE, WI 2,530,4222.5m $81.7m $81.7m 0.16% Added +148.7k +148,728
8 OSAIC HOLDINGS, INC. 0.17% of their portfolio SCOTTSDALE, AZ 2,404,2622.4m $77.6m $77.6m 0.17% Added +341.1k +341,114
9 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,846,5091.8m $59.6m $59.6m 0.01% Added +258.4k +258,424
10 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,826,5241.8m $59.0m $59.0m 0.01% Added +822.9k +822,877
11 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.10% of their portfolio PLYMOUTH, MN 1,684,0081.7m $54.4m $54.4m 0.10% Added +175.3k +175,290
12 Cambridge Investment Research Advisors, Inc. 0.18% of their portfolio FAIRFIELD, IA 1,663,9861.7m $53.7m $53.7m 0.18% Added +187.3k +187,347
13 CPC Advisors, LLC 6.11% of their portfolio Atlanta, GA 1,376,1311.4m $44.4m $44.4m 6.11% Reduced -35.7k -35,684
14 Modern Wealth Management, LLC 1.30% of their portfolio KANSAS CITY, MO 1,263,7561.3m $40.8m $40.8m 1.30% Added +412 +412
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,250,7101.3m $40.4m $40.4m 0.00% Added +624.6k +624,647
16 TTP Investments, Inc. 14.94% of their portfolio San Jose, CA 1,098,1551.1m $35.4m $35.4m 14.94% Added +23.7k +23,713
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,092,3171.1m $35.3m $35.3m 0.00% Added +754.0k +753,992
18 McCarthy & Cox 14.28% of their portfolio MARYSVILLE, OH 1,015,9581.0m $32.8m $32.8m 14.28% Added +190.4k +190,362
19 LEVEL FOUR ADVISORY SERVICES, LLC 1.18% of their portfolio DALLAS, TX 892,652892.7k $28.8m $28.8m 1.18% Added +138.2k +138,229
20 Mesirow Financial Investment Management, Inc. 0.55% of their portfolio CHICAGO, IL 882,550882.5k $28.5m $28.5m 0.55% Added +140.9k +140,950
21 OneDigital Investment Advisors LLC 0.30% of their portfolio OVERLAND PARK, KS 795,594795.6k $25.7m $25.7m 0.30% Added +283.5k +283,493
22 CORA CAPITAL ADVISORS LLC 12.27% of their portfolio MARLTON, NJ 792,539792.5k $25.6m $25.6m 12.27% Added +124.2k +124,152
23 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 767,276767.3k $24.8m $24.8m 0.03% Added +37.3k +37,288
24 PYA Waltman Capital, LLC 7.13% of their portfolio KNOXVILLE, TN 702,848702.8k $22.7m $22.7m 7.13% Added +111.8k +111,811
25 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 688,293688.3k $22.2m $22.2m 0.04% Added +219.2k +219,185
26 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 684,277684.3k $22.0m $22.0m 0.02% Added +245.6k +245,575
27 Souders Financial Advisors 2.86% of their portfolio CINCINNATI, OH 635,221635.2k $20.5m $20.5m 2.86% Added +298.3k +298,346
28 Beaumont Financial Advisors, LLC 1.44% of their portfolio NEEDHAM, MA 567,970568.0k $18.3m $18.3m 1.44% Reduced -25.1k -25,138
29 Cornerstone Advisory, LLC 2.05% of their portfolio HUNT VALLEY, MD 547,121547.1k $17.5m $17.5m 2.05% Reduced -14.1k -14,083
30 McCarthy Asset Management, Inc. 12.79% of their portfolio REDWOOD SHORES, CA 547,088547.1k $17.7m $17.7m 12.79% Reduced -9.0k -8,998
31 Private Advisor Group, LLC 0.11% of their portfolio MORRISTOWN, NJ 538,411538.4k $17.4m $17.4m 0.11% Added +79.1k +79,084
32 FINANCIAL CONSULATE, INC 4.24% of their portfolio HUNT VALLEY, MD 520,293520.3k $16.8m $16.8m 4.24% Reduced -4.2k -4,222
33 UBS Group AG 0.00% of their portfolio ZURICH, V8 492,264492.3k $15.9m $15.9m 0.00% Added +110.5k +110,523
34 ADE, LLC 9.09% of their portfolio BALTIMORE, MD 488,892488.9k $15.8m $15.8m 9.09% Added +422.0k +422,016
35 CAROLINAS WEALTH CONSULTING LLC 1.58% of their portfolio CHARLOTTE, NC 441,362441.4k $7.3m $7.3m 1.58% Added +7.6k +7,583
36 Arcus Capital Partners, LLC 5.60% of their portfolio ATLANTA, GA 432,257432.3k $14.0m $14.0m 5.60% Added +119.2k +119,160
37 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 395,890395.9k $12.8m $12.8m 0.01% Added +183.8k +183,805
38 DKM Wealth Management, Inc. 12.33% of their portfolio STOCKTON, CA 393,801393.8k $12.7m $12.7m 12.33% Added +11.1k +11,068
39 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 382,605382.6k $12.4m $12.4m 0.04% Added +12.8k +12,808
40 EASTERN BANK 0.24% of their portfolio BOSTON, MA 380,732380.7k $12.3m $12.3m 0.24% Added +153.2k +153,178
41 GREAT VALLEY ADVISOR GROUP, INC. 0.26% of their portfolio WILMINGTON, DE 380,144380.1k $12.3m $12.3m 0.26% New
42 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 344,715344.7k $11.1m $11.1m 0.00% Added +111.2k +111,186
43 Fortis Group Advisors, LLC 2.14% of their portfolio WESTWOOD, NJ 341,670341.7k $11.0m $11.0m 2.14% Reduced -39.2k -39,178
44 Prospera Financial Services Inc 0.25% of their portfolio Dallas, TX 334,909334.9k $10.8m $10.8m 0.25% Added +26.1k +26,122
45 Atria Wealth Solutions, Inc. 0.13% of their portfolio NEW YORK, NY 329,688329.7k $10.6m $10.6m 0.13% Added +68.9k +68,879
46 Principle Wealth Partners LLC 0.76% of their portfolio MADISON, CT 329,088329.1k $10.6m $10.6m 0.76% Added +16.9k +16,891
47 PARSONS CAPITAL MANAGEMENT INC/RI 0.57% of their portfolio PROVIDENCE, RI 320,959321.0k $10.4m $10.4m 0.57% Added +13.0k +13,010
48 Composition Wealth, LLC 0.21% of their portfolio LOS ANGELES, CA 319,774319.8k $10.3m $10.3m 0.21% Added +58.3k +58,330
49 National Wealth Management Group, LLC 6.73% of their portfolio CINCINNATI, OH 317,222317.2k $10.2m $10.2m 6.73% Added +16.7k +16,715
50 Ausdal Financial Partners, Inc. 0.77% of their portfolio Davenport, IA 316,951317.0k $10.2m $10.2m 0.77% Added +54.7k +54,676
51 D.A. DAVIDSON & CO. 0.08% of their portfolio GREAT FALLS, MT 312,395312.4k $10.1m $10.1m 0.08% Added +185.4k +185,425
52 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 300,096300.1k $9.7m $9.7m 0.02% Added +30.5k +30,466
53 ARS Wealth Advisors Group, LLC 1.23% of their portfolio St. Petersburg, FL 268,946268.9k $8.7m $8.7m 1.23% Added +148.6k +148,567
54 Onyx Bridge Wealth Group LLC 1.23% of their portfolio TARRYTOWN, NY 264,670264.7k $8.5m $8.5m 1.23% Added +40.0k +40,007
55 Allworth Financial LP 0.05% of their portfolio FOLSOM, CA 264,510264.5k $8.4m $8.4m 0.05% Added +390 +390
56 4J Wealth Management LLC 6.41% of their portfolio MCLEAN, VA 251,658251.7k $8.1m $8.1m 6.41% Added +4.5k +4,491
57 Forge Financial Services LLC 7.16% of their portfolio EDMOND, OK 251,383251.4k $8.1m $8.1m 7.16% Added +10.2k +10,219
58 Waverly Advisors, LLC 0.10% of their portfolio BIRMINGHAM, AL 251,264251.3k $8.1m $8.1m 0.10% New
59 Kestra Advisory Services, LLC 0.04% of their portfolio AUSTIN, TX 249,832249.8k $8.1m $8.1m 0.04% Added +195.4k +195,426
60 Grant/GrossMendelsohn, LLC 4.38% of their portfolio Baltimore, MD 248,089248.1k $7.9m $7.9m 4.38% Reduced -25.1k -25,092
61 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.59% of their portfolio CEDAR RAPIDS, IA 238,536238.5k $7.7m $7.7m 0.59% Added +9.8k +9,787
62 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 228,460228.5k $7.4m $7.4m 0.01% Added +34.0k +34,039
63 Keystone Financial Group 0.74% of their portfolio LEXINGTON, KY 224,162224.2k $7.2m $7.2m 0.74% Added +29.4k +29,383
64 Garden State Investment Advisory Services LLC 2.30% of their portfolio Red Bank, NJ 222,008222.0k $7.2m $7.2m 2.30% Added +1.7k +1,693
65 Ledyard National Bank 0.69% of their portfolio HANOVER, NH 214,880214.9k $6.9m $6.9m 0.69% New
66 MTM Investment Management, LLC 2.67% of their portfolio SPARTANBURG, SC 213,093213.1k $6.9m $6.9m 2.67% Added +39.9k +39,852
67 MENORA MIVTACHIM HOLDINGS LTD. 0.04% of their portfolio Ramat Gan, L3 211,012211.0k $6.8m $6.8m 0.04% New
68 World Investment Advisors 0.17% of their portfolio LINCROFT, NJ 207,530207.5k $6.7m $6.7m 0.17% Added +46.4k +46,428
69 CERTIOR FINANCIAL GROUP, LLC 5.27% of their portfolio KING OF PRUSSIA, PA 197,571197.6k $6.4m $6.4m 5.27% Added +47.9k +47,938
70 Beacon Financial Advisory LLC 1.73% of their portfolio CLEVELAND, OH 176,777176.8k $5.7m $5.7m 1.73% Added +20.5k +20,510
71 Financial Security Advisor, Inc. 1.43% of their portfolio VIRGINIA BEACH, VA 174,996175.0k $5.6m $5.6m 1.43% Added +9.1k +9,099
72 Carson Advisory Inc. 3.48% of their portfolio ATHENS, GA 160,123160.1k $5.2m $5.2m 3.48% Added +11.1k +11,116
73 Stratos Wealth Advisors, LLC 0.28% of their portfolio BEACHWOOD, OH 156,139156.1k $5.0m $5.0m 0.28% Added +30.3k +30,302
74 V2 Financial group LLC 3.21% of their portfolio NAPERVILLE, IL 154,431154.4k $5.0m $5.0m 3.21% Reduced -5.9k -5,925
75 Sharkey, Howes & Javer 0.71% of their portfolio DENVER, CO 154,334154.3k $5.0m $5.0m 0.71% Unchanged
76 Capital Analysts, LLC 0.18% of their portfolio FORT WASHINGTON, PA 152,569152.6k $4.9m $4.9m 0.18% Added +98.0k +98,019
77 NCM Capital Management, LLC 2.18% of their portfolio RAMSEY, NJ 149,902149.9k $4.8m $4.8m 2.18% Added +21.4k +21,386
78 Chemistry Wealth Management LLC 1.07% of their portfolio NEW YORK, NY 142,527142.5k $4.6m $4.6m 1.07% Added +14.9k +14,916
79 Patton Albertson Miller Group, LLC 0.68% of their portfolio Chattanooga, TN 142,135142.1k $4.6m $4.6m 0.68% Added +35.9k +35,881
80 EXCHANGE TRADED CONCEPTS, LLC 0.08% of their portfolio Oklahoma City, OK 133,083133.1k $4.3m $4.3m 0.08% Added +5.9k +5,859
81 Southland Equity Partners LLC 1.00% of their portfolio WILDWOOD, MO 132,814132.8k $4.3m $4.3m 1.00% Added +3.8k +3,812
82 Paragon Advisors, LLC 1.58% of their portfolio COLLEGE STATION, TX 129,089129.1k $4.2m $4.2m 1.58% Added +11.9k +11,884
83 Essex Financial Services, Inc. 0.30% of their portfolio ESSEX, CT 127,269127.3k $4.1m $4.1m 0.30% Added +35.1k +35,081
84 Harfst & Associates, Inc. 0.93% of their portfolio Sheridan, WY 124,996125.0k $4.0m $4.0m 0.93% Added +52.2k +52,175
85 Advisory Services Network, LLC 0.08% of their portfolio ATLANTA, GA 124,129124.1k $4.0m $4.0m 0.08% Added +65.0k +64,980
86 Tanglewood Wealth Management, Inc. 0.45% of their portfolio HOUSTON, TX 122,944122.9k $4.0m $4.0m 0.45% Added +2.3k +2,330
87 Integrated Wealth Concepts LLC 0.04% of their portfolio WALTHAM, MA 118,295118.3k $3.8m $3.8m 0.04% Added +38.2k +38,211
88 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 117,615117.6k $3.8m $3.8m 0.01% Added +102.7k +102,708
89 Focus Financial Network, Inc. 0.15% of their portfolio MINNEAPOLIS, MN 113,545113.5k $3.7m $3.7m 0.15% Added +1.4k +1,381
90 LIBERTY WEALTH MANAGEMENT LLC 0.68% of their portfolio OAKLAND, CA 109,757109.8k $3.5m $3.5m 0.68% Reduced -1.4k -1,392
91 CENTAURUS FINANCIAL, INC. 0.21% of their portfolio ANAHEIM, CA 107,574107.6k $3.5m $3.5m 0.21% Added +50.1k +50,082
92 ORBA Wealth Advisors, L.L.C. 1.68% of their portfolio CHICAGO, IL 103,458103.5k $3.3m $3.3m 1.68% Added +233 +233
93 SFM, LLC 2.42% of their portfolio MANCHESTER, NH 102,080102.1k $3.3m $3.3m 2.42% Added +2.3k +2,296
94 Strategic Financial Concepts, LLC 0.59% of their portfolio SAN ANTONIO, TX 97,73397.7k $3.2m $3.2m 0.59% Added +4.3k +4,293
95 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 96,86296.9k $3.1m $3.1m 0.01% Added +44.6k +44,643
96 WCG Wealth Advisors LLC 0.24% of their portfolio LAS VEGAS, NV 96,27496.3k $3.1m $3.1m 0.24% Added +20.7k +20,741
97 Merit Financial Group, LLC 0.05% of their portfolio ALPHARETTA, GA 96,02296.0k $3.1m $3.1m 0.05% Added +11.7k +11,720
98 Centerpoint Advisory Group 3.02% of their portfolio Overland Park, KS 95,00595.0k $3.1m $3.1m 3.02% Added +4.5k +4,520
99 DAVENPORT & Co LLC 0.02% of their portfolio RICHMOND, VA 92,21492.2k $3.0m $3.0m 0.02% Added +15.5k +15,489
100 Wingate Wealth Advisors, Inc. 3.40% of their portfolio LEXINGTON, MA 91,48791.5k $3.0m $3.0m 3.40% Added +6.5k +6,548