Who Owns T. Rowe Price U.S. Equity Research ETF (TSPA)?Hedge Fund & Institutional Holders

$41.97+0.43 (+1.03%)Financial ServicesNYSE_ARCA

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$InfinityT

% of Float Held

—

QoQ Change in Holders

+15 / -3

Price History

$31.29$34.39$37.50$40.60$43.70Sep 24Jun 25Mar 26

TSPA — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
Forvis Mazars Wealth Advisors, LLCNew Position+2.3M+$98.3B
Provident Wealth Management, LLCNew Position+1.4M+$59.1B
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/New Position+808K+$34.6B
Prodigy Asset Management LLCNew Position+681K+$29.1B
Geneos Wealth Management Inc.New Position+497K+$21.2B
Frontier Asset Management, LLCNew Position+458K+$19.6B
Strategic Blueprint, LLCNew Position+214K+$9.1B
JONES FINANCIAL COMPANIES LLLPNew Position+231K+$9.0B
N.E.W. Advisory Services LLCNew Position+174K+$7.5B
ROGCO, LPNew Position+136K+$5.8B
Bryant Woods Investment Advisors, LLCNew Position+133K+$5.7B
COMMONWEALTH EQUITY SERVICES, LLCNew Position+138K+$5.0B
SIGNATURE ESTATE & INVESTMENT ADVISORS LLCNew Position+77K+$3.3B
LINCOLN CAPITAL CORPNew Position+69K+$3.0B
Hopwood Financial Services, Inc.New Position+68K+$2.9B

TSPA — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
M&T BANK CORPDecreased-5.8M-$243.8B
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CODecreased-1.4M-$74.7B
CAPTRUST FINANCIAL ADVISORSDecreased-21K-$25.4B
COMMONS CAPITAL, LLCDecreased-59K-$2.5B
Atria Investments, IncDecreased-20K-$1.3B
SK Wealth Management, LLCDecreased-27K-$1.1B
GOLDMAN SACHS GROUP INCDecreased-896-$897.8M
FIRST NATIONAL TRUST CODecreased-7K-$856.9M
Rollins Financial Advisors, LLCDecreased-11K-$323.6M
Integrated Wealth Concepts LLCClosed Position-7K-$294.4M
Creative PlanningClosed Position-6K-$248.3M
Farther Finance Advisors, LLCDecreased-4K-$173.0M
First Heartland Consultants, Inc.Decreased-2K-$83.2M
CLEAR INVESTMENT RESEARCH, LLCClosed Position-862-$36.1M
COMERICA BANKDecreased-807-$20.0M

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1Forvis Mazars Wealth Advisors, LLC2,296,981$98.3B1855.34%Share
2Provident Wealth Management, LLC1,382,146$59.1B17.51%Share
3FORT WASHINGTON INVESTMENT ADVISORS INC /OH/807,883$34.6B184.05%Share
4Alpha Financial Advisors, LLC772,836$33.1B10.11%Share
5FIRST NATIONAL TRUST CO781,481$33.0B1.10%Share
6Prodigy Asset Management LLC681,406$29.1B10.23%Share
7Geneos Wealth Management Inc.496,630$21.2B0.52%Share
8Frontier Asset Management, LLC457,906$19.6B4.54%Share
9Eaton Financial Holdings Company, LLC385,664$16.5B4.43%Share
10EXCHANGE TRADED CONCEPTS, LLC338,886$14.5B110.29%Share
11NBZ Investment Advisors LLC316,564$13.5B5.89%Share
12JPMORGAN CHASE & CO312,819$13.0B0.82%Share
13Garden State Investment Advisory Services LLC271,178$11.6B2.56%Share
14STIFEL FINANCIAL CORP235,070$10.0B9.00%Share
15Strategic Blueprint, LLC213,773$9.1B0.54%Share
16JONES FINANCIAL COMPANIES LLLP230,815$9.0B5.49%Share
17Atria Investments, Inc202,311$8.0B90.93%Share
18Rollins Financial Advisors, LLC178,028$7.6B1.12%Share
19N.E.W. Advisory Services LLC174,154$7.5B0.55%Share
20ROGCO, LP136,204$5.8B1.93%Share
21Bryant Woods Investment Advisors, LLC133,184$5.7B2.21%Share
22COMMONWEALTH EQUITY SERVICES, LLC138,089$5.0B6.67%Share
23Marshall Financial Group, LLC114,010$4.9B0.95%Share
24Future Financial Wealth Managment LLC114,525$4.9B3.27%Share
25DAHRING {-} CUSMANO LLC79,956$3.4B2.38%Share
26SIGNATURE ESTATE & INVESTMENT ADVISORS LLC76,712$3.3B0.07%Share
27LINCOLN CAPITAL CORP69,313$3.0B1.05%Share
28Hopwood Financial Services, Inc.68,237$2.9B2.06%Share
29UNITED CAPITAL FINANCIAL ADVISORS, LLC55,955$2.0B12.04%Share
30SILVER OAK SECURITIES, INCORPORATED46,336$2.0B0.13%Share
314J Wealth Management LLC46,146$2.0B1.13%Share
32STEPHENS INC /AR/41,977$1.8B22.33%Share
33Comprehensive Financial Planning, Inc./PA40,610$1.7B1.15%Share
34Carnegie Investment Counsel37,850$1.6B29.87%Share
35Cox Capital Mgt LLC34,795$1.5B0.94%Share
36INTEGRITY ALLIANCE, LLC.31,004$1.3B0.05%Share
37CITADEL ADVISORS LLC31,812$1.0B0.15%Share
38RAYMOND JAMES FINANCIAL INC25,429$1.0B0.31%Share
39COMERICA BANK16,850$720.0M2.87%Share
40SK Wealth Management, LLC15,780$690.0M0.19%Share
41Bank of Jackson Hole Trust12,672$542.0M0.26%Share
42True Vision MN LLC10,841$463.0M0.24%Share
43National Pension Service9,513,375$406.0M0.30%Share
44CWA Asset Management Group, LLC9,410$402.0M0.01%Share
45Welch Group, LLC9,238$395.0M0.02%Share
46Berger Financial Group, Inc8,991$384.0M0.02%Share
47First Heartland Consultants, Inc.7,850$335.0M0.03%Share
48Farther Finance Advisors, LLC7,759$331.0M3.55%Share
49Savvy Advisors, Inc.6,754$288.0M0.01%Share
50CARY STREET PARTNERS FINANCIAL LLC6,564$280.0M0.01%Share

TSPA Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025119$511.0B+51
Q3 202568$706.2B-20
Q2 202588$945.0B+9
Q1 202579$1.2T+31
Q4 202448$563.2B+19
Q3 202429$2.0T+9
Q2 202420$1.6T+10
Q1 202410$6.7B—

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As of Q4 2025, 50 institutional investors hold TSPA (T. Rowe Price U.S. Equity Research ETF). The largest holder is Forvis Mazars Wealth Advisors, LLC with $98.3B in shares. This quarter, 15 institutions opened new positions and 3 closed their positions.

Frequently Asked Questions

How many hedge funds own TSPA?

As of Q4 2025, 50 institutional investors report holding TSPA (T. Rowe Price U.S. Equity Research ETF) in their 13F filings.

Who is the largest institutional holder of TSPA?

The largest institutional holder of TSPA is Forvis Mazars Wealth Advisors, LLC with $98.3B in shares.

Is institutional ownership of TSPA increasing or decreasing?

This quarter, 15 institutions opened new positions in TSPA and 3 closed their positions.