Vault-13

T ROWE PRICE ETF INC TCAF

CAP APPRECIATION · ETP · CUSIP 87283Q867

357 institutional holders +26 vs Q1 2026
133,012,736133.0m shares reported held*
$5.5bnreported value*
34 new 150 added 123 reduced 11 sold out net bought ≈ $282.4m (+6.4m 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 ($2.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.18.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0200400Q2 23: 12Q3 23: 49Q4 23: 124Q1 24: 165Q2 24: 204Q3 24: 214Q4 24: 248Q1 25: 255Q2 25: 278Q3 25: 295Q4 25: 332Q1 26: 331Q2 26: 357357Q2 23Q1 24Q4 24Q3 25Q2 26
Numbers
QuarterHolders
Q2 202312
Q3 202349
Q4 2023124
Q1 2024165
Q2 2024204
Q3 2024214
Q4 2024248
Q1 2025255
Q2 2025278
Q3 2025295
Q4 2025332
Q1 2026331
Q2 2026357

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 24: 163 bought or addedQ3 24: 44 cut or sold outQ4 24: 185 bought or addedQ4 24: 43 cut or sold outQ4 24Q1 25: 196 bought or addedQ1 25: 63 cut or sold outQ2 25: 199 bought or addedQ2 25: 74 cut or sold outQ2 25Q3 25: 205 bought or addedQ3 25: 73 cut or sold outQ4 25: 227 bought or addedQ4 25: 75 cut or sold outQ4 25Q1 26: 183 bought or addedQ1 26: 128 cut or sold outQ2 26: 184 bought or addedQ2 26: 134 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202416344
Q4 202418543
Q1 202519663
Q2 202519974
Q3 202520573
Q4 202522775
Q1 2026183128
Q2 2026184134

Biggest buyers

Cambridge Investment Research Advisors, Inc. Added +2,246,031+2.2m
PRICE T ROWE ASSOCIATES INC /MD/ Added +1,777,139+1.8m
LPL Financial LLC Added +1,677,108+1.7m
RAYMOND JAMES FINANCIAL INC Added +648,184+648.2k
OSAIC HOLDINGS, INC. Added +536,587+536.6k
ROYAL BANK OF CANADA Added +358,254+358.3k
STIFEL FINANCIAL CORP Added +318,034+318.0k
MORGAN STANLEY Added +301,956+302.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +270,565+270.6k
IFG Advisory, LLC Added +231,852+231.9k

Biggest sellers

Modern Wealth Management, LLC Reduced -1,131,767-1.1m
Baird Financial Group, Inc. Reduced -459,030-459.0k
AMERIPRISE FINANCIAL INC Reduced -347,485-347.5k
CAPTRUST FINANCIAL ADVISORS Reduced -240,666-240.7k
Prospera Financial Services Inc Reduced -208,499-208.5k
WELLS FARGO & COMPANY/MN Reduced -176,114-176.1k
VOYA INVESTMENT MANAGEMENT LLC Reduced -170,687-170.7k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -133,105-133.1k
National Wealth Management Group, LLC Reduced -104,128-104.1k
UBS Group AG Reduced -95,828-95.8k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PRICE T ROWE ASSOCIATES INC /MD/ 0.11% of their portfolio BALTIMORE, MD 26,042,94326.0m $1.1bn $1.1bn 0.11% Added +1.8m +1,777,139
2 LPL Financial LLC 0.16% of their portfolio FORT MILL, SC 17,802,32217.8m $731.7m $731.7m 0.16% Added +1.7m +1,677,108
3 RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio ST. PETERSBURG, FL 6,263,6576.3m $257.4m $257.4m 0.07% Added +648.2k +648,184
4 COMMONWEALTH EQUITY SERVICES, LLC 0.27% of their portfolio WALTHAM, MA 5,291,5305.3m $217.5m $217.5m 0.27% Added +8.9k +8,881
5 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,374,6344.4m $179.8m $179.8m 0.01% Added +302.0k +301,956
6 Cambridge Investment Research Advisors, Inc. 0.20% of their portfolio FAIRFIELD, IA 4,294,4774.3m $176.5m $176.5m 0.20% Added +2.2m +2,246,031
7 OSAIC HOLDINGS, INC. 0.19% of their portfolio SCOTTSDALE, AZ 3,912,9543.9m $160.8m $160.8m 0.19% Added +536.6k +536,587
8 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 3,317,1843.3m $136.3m $136.3m 0.02% Reduced -176.1k -176,114
9 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 2,632,1762.6m $108.2m $108.2m 0.02% Added +358.3k +358,254
10 Baird Financial Group, Inc. 0.13% of their portfolio MILWAUKEE, WI 2,299,1962.3m $94.5m $94.5m 0.13% Reduced -459.0k -459,030
11 VOYA INVESTMENT MANAGEMENT LLC 0.08% of their portfolio ATLANTA, GA 2,212,1972.2m $90.9m $90.9m 0.08% Reduced -170.7k -170,687
12 JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio DES PERES, MO 2,148,7492.1m $86.9m $86.9m 0.03% Added +189.9k +189,908
13 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,029,0862.0m $83.4m $83.4m 0.01% Added +127.2k +127,205
14 CPC Advisors, LLC 10.06% of their portfolio Atlanta, GA 1,815,8411.8m $74.6m $74.6m 10.06% Reduced -6.4k -6,376
15 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 1,759,0211.8m $72.3m $72.3m 0.06% Added +318.0k +318,034
16 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,687,6271.7m $69.4m $69.4m 0.01% Added +58.9k +58,922
17 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 1,623,5351.6m $66.7m $66.7m 0.06% Added +115.3k +115,343
18 Mesirow Financial Investment Management, Inc. 1.02% of their portfolio CHICAGO, IL 1,577,7021.6m $64.8m $64.8m 1.02% Added +48.7k +48,737
19 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 1,571,4271.6m $64.6m $64.6m 0.04% Reduced -50.6k -50,590
20 GREAT VALLEY ADVISOR GROUP, INC. 0.81% of their portfolio WILMINGTON, DE 1,253,1101.3m $51.5m $51.5m 0.81% Added +39.0k +39,041
21 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.09% of their portfolio PLYMOUTH, MN 1,233,6651.2m $51.7m $51.7m 0.09% Reduced -7.7k -7,663
22 LEVEL FOUR ADVISORY SERVICES, LLC 1.29% of their portfolio DALLAS, TX 1,114,5961.1m $45.8m $45.8m 1.29% Reduced -79.8k -79,809
23 KINTRA WEALTH, LLC 2.39% of their portfolio WILLIAMSPORT, PA 1,065,9901.1m $45.8m $45.8m 2.39% Reduced -350 -350
24 UBS Group AG 0.01% of their portfolio ZURICH, V8 950,353950.4k $39.1m $39.1m 0.01% Reduced -95.8k -95,828
25 Private Advisor Group, LLC 0.17% of their portfolio MORRISTOWN, NJ 877,274877.3k $36.1m $36.1m 0.17% Reduced -21.8k -21,820
26 PYA Waltman Capital, LLC 8.51% of their portfolio KNOXVILLE, TN 870,538870.5k $35.8m $35.8m 8.51% Added +37.8k +37,799
27 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 865,145865.1k $46.7m $46.7m 0.01% Reduced -347.5k -347,485
28 Souders Financial Advisors 3.35% of their portfolio CINCINNATI, OH 810,097810.1k $33.3m $33.3m 3.35% Added +32.9k +32,903
29 CORA CAPITAL ADVISORS LLC 9.27% of their portfolio MARLTON, NJ 803,919803.9k $33.0m $33.0m 9.27% Added +21.2k +21,209
30 EASTERN BANK 0.43% of their portfolio BOSTON, MA 687,377687.4k $28.3m $28.3m 0.43% Added +25.1k +25,136
31 ADE, LLC 10.92% of their portfolio BALTIMORE, MD 629,052629.1k $25.9m $25.9m 10.92% Added +25.0k +25,030
32 OneDigital Investment Advisors LLC 0.20% of their portfolio OVERLAND PARK, KS 583,194583.2k $24.0m $24.0m 0.20% Reduced -20.1k -20,106
33 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 565,892565.9k $23.3m $23.3m 0.04% Reduced -83.7k -83,722
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 558,819558.8k $22.8m $22.8m 0.00% Added +88.7k +88,743
35 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 554,286554.3k $22.8m $22.8m 0.04% Added +32.7k +32,683
36 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 544,433544.4k $22.4m $22.4m 0.01% Reduced -133.1k -133,105
37 McCarthy Asset Management, Inc. 10.47% of their portfolio REDWOOD SHORES, CA 537,516537.5k $22.1m $22.1m 10.47% First filing
38 Capital Analysts, LLC 0.48% of their portfolio FORT WASHINGTON, PA 501,777501.8k $20.6m $20.6m 0.48% Added +46.7k +46,740
39 D.A. DAVIDSON & CO. 0.11% of their portfolio GREAT FALLS, MT 471,096471.1k $19.4m $19.4m 0.11% Reduced -15.1k -15,138
40 Cornerstone Advisory, LLC 1.60% of their portfolio HUNT VALLEY, MD 467,660467.7k $19.2m $19.2m 1.60% Reduced -18.8k -18,800
41 FINANCIAL CONSULATE, INC 2.09% of their portfolio HUNT VALLEY, MD 456,246456.2k $18.8m $18.8m 2.09% Added +12.3k +12,310
42 Aprio Wealth Management, LLC 0.92% of their portfolio ATLANTA, GA 451,652451.7k $18.6m $18.6m 0.92% Reduced -54.4k -54,441
43 ARS Wealth Advisors Group, LLC 1.44% of their portfolio St. Petersburg, FL 448,691448.7k $18.4m $18.4m 1.44% Added +30.1k +30,132
44 Kestra Advisory Services, LLC 0.06% of their portfolio AUSTIN, TX 425,905425.9k $17.5m $17.5m 0.06% Added +5.5k +5,488
45 Ausdal Financial Partners, Inc. 0.68% of their portfolio Davenport, IA 420,410420.4k $17.3m $17.3m 0.68% Reduced -88.0k -87,994
46 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 406,410406.4k $16.7m $16.7m 0.00% Added +32.3k +32,252
47 Composition Wealth, LLC 0.19% of their portfolio LOS ANGELES, CA 395,751395.8k $16.3m $16.3m 0.19% Reduced -1.1k -1,133
48 Arcus Capital Partners, LLC 6.59% of their portfolio ATLANTA, GA 387,651387.7k $15.9m $15.9m 6.59% Reduced -34.2k -34,232
49 Harfst & Associates, Inc. 2.39% of their portfolio Sheridan, WY 373,428373.4k $15.3m $15.3m 2.39% Added +1.4k +1,413
50 DKM Wealth Management, Inc. 9.93% of their portfolio STOCKTON, CA 369,501369.5k $15.2m $15.2m 9.93% Reduced -13.5k -13,474
51 Principle Wealth Partners LLC 0.70% of their portfolio MADISON, CT 345,953346.0k $14.2m $14.2m 0.70% Reduced -5.6k -5,628
52 Allworth Financial LP 0.06% of their portfolio FOLSOM, CA 331,356331.4k $13.6m $13.6m 0.06% Added +18.5k +18,545
53 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 309,648309.6k $12.7m $12.7m 0.03% Added +57.1k +57,137
54 Forge Financial Services LLC 1.09% of their portfolio EDMOND, OK 306,884306.9k $12.6m $12.6m 1.09% Reduced -4.9k -4,872
55 Onyx Bridge Wealth Group LLC 1.08% of their portfolio TARRYTOWN, NY 291,464291.5k $12.0m $12.0m 1.08% Reduced -18.4k -18,393
56 MTM Investment Management, LLC 3.41% of their portfolio SPARTANBURG, SC 290,407290.4k $11.9m $11.9m 3.41% Added +5.2k +5,177
57 &PARTNERS 0.05% of their portfolio NASHVILLE, TN 289,127289.1k $11.9m $11.9m 0.05% Added +120.1k +120,061
58 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 288,090288.1k $11.8m $11.8m 0.01% Added +270.6k +270,565
59 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 287,265287.3k $11.8m $11.8m 0.01% Reduced -4.3k -4,317
60 Advocate Investing Services LLC 8.94% of their portfolio WOODBINE, MD 282,278282.3k $11.6m $11.6m 8.94% Reduced -1.3k -1,326
61 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 276,967277.0k $11.4m $11.4m 0.03% Reduced -3.1k -3,132
62 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.52% of their portfolio CEDAR RAPIDS, IA 265,218265.2k $10.9m $10.9m 0.52% Added +5.3k +5,322
63 Beacon Financial Advisory LLC 2.13% of their portfolio CLEVELAND, OH 263,057263.1k $10.8m $10.8m 2.13% Added +6.6k +6,638
64 NCM Capital Management, LLC 3.33% of their portfolio RAMSEY, NJ 262,743262.7k $10.8m $10.8m 3.33% Added +35.9k +35,920
65 Focus Financial Network, Inc. 0.33% of their portfolio MINNEAPOLIS, MN 260,779260.8k $10.7m $10.7m 0.33% Added +174.6k +174,616
66 World Investment Advisors 0.15% of their portfolio LINCROFT, NJ 260,209260.2k $9.3m $9.3m 0.15% Reduced -50 -50
67 CERTIOR FINANCIAL GROUP, LLC 5.76% of their portfolio KING OF PRUSSIA, PA 255,998256.0k $10.5m $10.5m 5.76% Added +15.8k +15,847
68 Keystone Financial Group 0.62% of their portfolio LEXINGTON, KY 254,143254.1k $10.4m $10.4m 0.62% Reduced -315 -315
69 National Wealth Management Group, LLC 3.18% of their portfolio CINCINNATI, OH 250,394250.4k $10.3m $10.3m 3.18% Reduced -104.1k -104,128
70 ECLECTIC ASSOCIATES INC /ADV 1.13% of their portfolio FULLERTON, CA 241,682241.7k $9.9m $9.9m 1.13% Added +32.9k +32,934
71 Ledyard National Bank 0.79% of their portfolio HANOVER, NH 240,897240.9k $9.9m $9.9m 0.79% Reduced -96 -96
72 WEALTH ALLIANCE, LLC 0.83% of their portfolio MELLVILLE, NY 240,168240.2k $9.9m $9.9m 0.83% Added +106.2k +106,164
73 IFG Advisory, LLC 0.34% of their portfolio ATLANTA, GA 236,272236.3k $9.7m $9.7m 0.34% Added +231.9k +231,852
74 Integrated Wealth Concepts LLC 0.05% of their portfolio WALTHAM, MA 230,144230.1k $9.5m $9.5m 0.05% Added +78.3k +78,295
75 Essex Financial Services, Inc. 0.47% of their portfolio ESSEX, CT 229,787229.8k $9.4m $9.4m 0.47% Added +4.6k +4,599
76 Carson Advisory Inc. 4.29% of their portfolio ATHENS, GA 227,419227.4k $9.3m $9.3m 4.29% Added +8.0k +8,048
77 Garden State Investment Advisory Services LLC 1.81% of their portfolio Red Bank, NJ 224,052224.1k $9.2m $9.2m 1.81% Reduced -2.8k -2,757
78 Waverly Advisors, LLC 0.05% of their portfolio BIRMINGHAM, AL 223,617223.6k $9.2m $9.2m 0.05% Reduced -49.1k -49,101
79 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 221,657221.7k $9.1m $9.1m 0.01% Reduced -240.7k -240,666
80 EXCHANGE TRADED CONCEPTS, LLC 0.04% of their portfolio Oklahoma City, OK 218,817218.8k $9.0m $9.0m 0.04% Added +16.1k +16,055
81 V2 Financial group LLC 3.31% of their portfolio NAPERVILLE, IL 215,949215.9k $8.9m $8.9m 3.31% Added +20.3k +20,337
82 Asset One Wealth Management LLC 0.95% of their portfolio BELLEVUE, WA 215,446215.4k $9.0m $9.0m 0.95% Reduced -5.3k -5,270
83 Financial Security Advisor, Inc. 1.39% of their portfolio VIRGINIA BEACH, VA 207,371207.4k $8.5m $8.5m 1.39% Added +6.7k +6,700
84 4J Wealth Management LLC 4.14% of their portfolio MCLEAN, VA 205,529205.5k $8.4m $8.4m 4.14% Reduced -64.8k -64,768
85 IFP Advisors, Inc 0.15% of their portfolio TAMPA, FL 202,679202.7k $8.3m $8.3m 0.15% Added +8.8k +8,844
86 Prospera Financial Services Inc 0.12% of their portfolio Dallas, TX 198,084198.1k $8.1m $8.1m 0.12% Reduced -208.5k -208,499
87 Chemistry Wealth Management LLC 1.28% of their portfolio NEW YORK, NY 194,248194.2k $8.0m $8.0m 1.28% Added +10.0k +10,049
88 WEDBUSH SECURITIES INC 0.20% of their portfolio PASADENA, CA 192,666192.7k $7.9m $7.9m 0.20% Added +20.9k +20,865
89 Harbor Group, Inc. 0.88% of their portfolio BEDFORD, NH 182,380182.4k $7.5m $7.5m 0.88% Added +40.8k +40,806
90 Lighthouse Financial LLC 3.78% of their portfolio LARGO, FL 177,289177.3k $7.3m $7.3m 3.78% Added +1.4k +1,393
91 Founders Financial Alliance, LLC 0.95% of their portfolio RALEIGH, NC 174,970175.0k $7.2m $7.2m 0.95% Added +4.7k +4,677
92 Stratos Wealth Advisors, LLC 0.39% of their portfolio BEACHWOOD, OH 173,819173.8k $7.1m $7.1m 0.39% Added +3.1k +3,065
93 Stratos Wealth Partners, LTD. 0.07% of their portfolio BEACHWOOD, OH 172,344172.3k $7.1m $7.1m 0.07% Added +16.8k +16,761
94 AE Wealth Management LLC 0.03% of their portfolio TOPEKA, KS 171,089171.1k $7.0m $7.0m 0.03% Added +59.0k +58,972
95 DAVENPORT & Co LLC 0.04% of their portfolio RICHMOND, VA 169,305169.3k $7.0m $7.0m 0.04% Added +11.5k +11,508
96 Paragon Advisors, LLC 1.42% of their portfolio COLLEGE STATION, TX 164,030164.0k $6.7m $6.7m 1.42% Added +4.1k +4,120
97 Southland Equity Partners LLC 1.17% of their portfolio WILDWOOD, MO 162,958163.0k $6.7m $6.7m 1.17% Reduced -955 -955
98 HARBOUR INVESTMENTS, INC. 0.09% of their portfolio MADISON, WI 161,696161.7k $6.6m $6.6m 0.09% Added +9.0k +8,955
99 CENTAURUS FINANCIAL, INC. 0.26% of their portfolio ANAHEIM, CA 159,665159.7k $6.6m $6.6m 0.26% Added +13.4k +13,374
100 PARSONS CAPITAL MANAGEMENT INC/RI 0.28% of their portfolio PROVIDENCE, RI 151,491151.5k $6.2m $6.2m 0.28% Reduced -75.6k -75,640