Who Owns T. Rowe Price Small-Mid Cap ETF (TMSL)?Hedge Fund & Institutional Holders

$36.67+0.39 (+1.08%)Financial ServicesNYSE_ARCA

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$InfinityT

% of Float Held

—

QoQ Change in Holders

+8 / -2

Price History

$26.47$29.77$33.07$36.37$39.67Sep 24Jun 25Mar 26

TMSL — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
RAYMOND JAMES FINANCIAL INCIncreased+606K+$21.3B
JONES FINANCIAL COMPANIES LLLPNew Position+568K+$20.0B
CMH Wealth Management LLCNew Position+502K+$18.0B
AMERIPRISE FINANCIAL INCIncreased+445K+$15.6B
Souders Financial AdvisorsNew Position+346K+$12.4B
D.A. DAVIDSON & CO.New Position+290K+$10.4B
BANK OF AMERICA CORP /DE/Increased+161K+$5.0B
Beacon Capital Management, Inc.New Position+130K+$4.7B
FLAGSHIP HARBOR ADVISORS, LLCNew Position+128K+$4.6B
COMMONWEALTH EQUITY SERVICES, LLCNew Position+130K+$4.0B
OSAIC HOLDINGS, INC.Increased+121K+$3.7B
Vantage Financial Partners, LLCNew Position+98K+$3.5B
WELLS FARGO & COMPANY/MNIncreased+102K+$3.4B
UBS Group AGIncreased+48K+$2.1B
Private Advisor Group, LLCIncreased+47K+$1.9B

TMSL — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CODecreased-463K-$16.4B
Kingsview Wealth Management, LLCDecreased-1K-$1.3B
SFG Wealth Management, LLC.Closed Position-29K-$1.0B
OneDigital Investment Advisors LLCDecreased-4K-$675.7M
ROYAL BANK OF CANADADecreased-16K-$595.0M
Atria Investments, IncDecreased-925-$472.8M
Equitable Holdings, Inc.Decreased-5K-$404.1M
CreativeOne Wealth, LLCDecreased-346-$288.5M
Farther Finance Advisors, LLCDecreased-9K-$241.8M
BROWN ADVISORY INCDecreased-1K-$225.5M
Advisory Services Network, LLCClosed Position-5K-$165.4M
First Heartland Consultants, Inc.Decreased-943-$24.3M
Legacy Capital Group California, Inc.Decreased-1K-$22.7M
Legacy Capital Wealth Partners, LLCDecreased-353-$8.5M
Nautilus Advisors LLCDecreased-383-$6.2M

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1RAYMOND JAMES FINANCIAL INC911,605$32.0B9.96%Share
2RAYMOND JAMES FINANCIAL INC838,368$30.0B9.33%Share
3OSAIC HOLDINGS, INC.611,922$21.0B30.69%Share
4JONES FINANCIAL COMPANIES LLLP568,405$20.0B12.19%Share
5UBS Group AG555,902$20.0B3.24%Share
6CMH Wealth Management LLC502,103$18.0B3.86%Share
7AMERIPRISE FINANCIAL INC485,927$17.0B3.84%Share
8Private Advisor Group, LLC476,286$17.0B79.98%Share
9Souders Financial Advisors345,979$12.4B1.42%Share
10D.A. DAVIDSON & CO.289,784$10.4B63.72%Share
11WELLS FARGO & COMPANY/MN255,980$9.0B1.64%Share
12Stratos Wealth Partners, LTD.144,497$5.2B58.64%Share
13OneDigital Investment Advisors LLC157,129$5.0B49.01%Share
14WELLS FARGO & COMPANY/MN147,284$5.0B0.91%Share
15Beacon Capital Management, Inc.129,702$4.7B0.25%Share
16FLAGSHIP HARBOR ADVISORS, LLC127,902$4.6B0.22%Share
17COMMONWEALTH EQUITY SERVICES, LLC130,328$4.0B5.33%Share
18Atlas Wealth LLC103,991$3.7B1.13%Share
19Farther Finance Advisors, LLC100,400$3.6B38.61%Share
20Vantage Financial Partners, LLC97,703$3.5B0.71%Share
21Garden State Investment Advisory Services LLC94,079$3.4B0.74%Share
22SITTNER & NELSON, LLC76,769$3.0B1.06%Share
23BANK OF AMERICA CORP /DE/106,072$3.0B0.22%Share
24Essex Financial Services, Inc.105,581$3.0B0.17%Share
25BANK OF AMERICA CORP /DE/59,324$2.0B0.15%Share
26Steward Partners Investment Advisory, LLC70,502$2.0B10.97%Share
27PFG Advisors53,862$1.9B0.09%Share
28Heritage Wealth Management, Inc.49,054$1.8B0.49%Share
29DAHRING {-} CUSMANO LLC43,717$1.6B1.09%Share
30Golden State Wealth Management, LLC35,424$1.3B0.13%Share
31Legacy Capital Group California, Inc.34,979$1.3B0.30%Share
32BROWN ADVISORY INC33,361$1.0B1.40%Share
33Equitable Holdings, Inc.35,316$1.0B6.84%Share
34Atria Investments, Inc40,952$1.0B11.37%Share
35DKM Wealth Management, Inc.27,662$993.0M0.74%Share
36AdvisorNet Financial, Inc23,038$827.0M0.04%Share
37Financial Security Advisor, Inc.16,551$594.0M0.11%Share
38SEAMOUNT FINANCIAL GROUP INC15,149$543.0M0.25%Share
39National Wealth Management Group, LLC13,992$502.0M0.17%Share
40Capital Investment Advisory Services, LLC13,108$470.0M0.03%Share
41First Heartland Consultants, Inc.12,400$445.0M0.03%Share
42Frontier Asset Management, LLC11,766$422.0M0.10%Share
43United Advisor Group, LLC11,042$396.0M0.05%Share
44Nautilus Advisors LLC10,086$362.0M0.24%Share
45StrongBox Wealth, LLC8,930$320.0M0.11%Share
46L.K. Benson & Company, P.C.7,435$266.0M0.13%Share
47Stratos Wealth Advisors, LLC7,372$264.0M0.01%Share
48TPG Advisors LLC7,262$260.0M0.16%Share
49Dean, Jacobson Financial Services, LLC6,300$226.0M0.14%Share
50Legacy Capital Wealth Partners, LLC6,172$221.0M0.05%Share

TMSL Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025129$282.1B+56
Q3 202573$299.9B-17
Q2 202590$311.7B-8
Q1 202598$265.3B+22
Q4 202476$7.9T+43
Q3 202433$5.9T+17
Q2 202416$6.9B+4
Q1 202412$386.5T—

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As of Q4 2025, 50 institutional investors hold TMSL (T. Rowe Price Small-Mid Cap ETF). The largest holder is RAYMOND JAMES FINANCIAL INC with $32.0B in shares. This quarter, 8 institutions opened new positions and 2 closed their positions.

Frequently Asked Questions

How many hedge funds own TMSL?

As of Q4 2025, 50 institutional investors report holding TMSL (T. Rowe Price Small-Mid Cap ETF) in their 13F filings.

Who is the largest institutional holder of TMSL?

The largest institutional holder of TMSL is RAYMOND JAMES FINANCIAL INC with $32.0B in shares.

Is institutional ownership of TMSL increasing or decreasing?

This quarter, 8 institutions opened new positions in TMSL and 2 closed their positions.