TDVG · T. Rowe Price Dividend Growth ETF · Holdings ETF
Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.
Institutional Ownership Trend
Holder Concentration
Across 26 13F filers · Δ vs Jun 30, 2026Who Holds TDVG
Last 8 quarters through Sep 30, 2026 (filing window open)Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.
Jun 30, 2026, the newest closed quarter: 140 filers, like-for-like change +1.6%; actively managed books +1.9%; index-like books 0.0%.
| Holder type | Share | Filers | Change |
|---|---|---|---|
| Registered adviser | 53.3% | 97 | +2.2% |
| Adviser | 0.2% | 1 | +14.9% |
| Bank | 13.5% | 7 | +0.8% |
| Broker-dealer | 1.5% | 1 | +76.5% |
| Holding company | 1.7% | 3 | -11.7% |
| Insurer | 0.0% | 0 | — |
| Unknown | 29.7% | 31 | -0.3% |
| Style | Share | Filers | Change |
|---|---|---|---|
| Index-like | 14.2% | 2 | 0.0% |
| Systematic-like | 0.1% | 1 | new |
| Concentrated | 13.4% | 41 | +7.0% |
| Diversified active | 72.3% | 96 | +1.0% |
| Not measured | 0.0% | 0 | — |
| Unknown | 0.0% | 0 | — |
| Turnover | Share | Filers | Change |
|---|---|---|---|
| Low turnover | 98.3% | 113 | +1.6% |
| Medium turnover | 0.5% | 12 | -8.9% |
| High turnover | 0.1% | 2 | new |
| Unknown | 1.1% | 13 | +7.4% |
| Not measured | 0.0% | 0 | — |
| Holding horizon | Share | Filers | Change |
|---|---|---|---|
| Short horizon | 1.1% | 9 | +6.4% |
| Medium horizon | 7.5% | 27 | -0.1% |
| Long horizon | 91.3% | 101 | +1.7% |
| Unknown | 0.2% | 3 | +75.9% |
| Not measured | 0.0% | 0 | — |
| 13F book size | Share | Filers | Change |
|---|---|---|---|
| Under $1B | 10.8% | 50 | +4.3% |
| $1B to $10B | 4.0% | 43 | -2.5% |
| $10B to $100B | 33.7% | 29 | +0.9% |
| $100B or more | 51.4% | 18 | +1.9% |
| Not measured | 0.0% | 0 | — |
| Client base | Share | Filers | Change |
|---|---|---|---|
| Individuals and high net worth | 44.1% | 89 | +2.4% |
| Pooled investment vehicles | 0.1% | 1 | new |
| Registered funds and BDCs | 7.8% | 1 | +0.2% |
| Pension and profit sharing plans | 0.1% | 1 | new |
| Other investment advisers | 1.1% | 3 | -0.4% |
| Diversified | 0.1% | 2 | -1.3% |
| Corporations | 0.0% | 0 | — |
| Unknown | 46.7% | 43 | +1.1% |
| Private funds | Share | Filers | Change |
|---|---|---|---|
| Hedge funds | 22.9% | 7 | +4.0% |
| Private equity funds | 0.2% | 2 | -72.4% |
| Other private funds | 11.2% | 5 | -0.1% |
| Mixed private funds | 0.0% | 0 | — |
| No private funds | 18.9% | 82 | +4.3% |
| Real estate funds | 0.0% | 1 | +6.7% |
| Unknown | 46.7% | 43 | +1.1% |
| Location | Share | Filers | Change |
|---|---|---|---|
| United States | 85.7% | 137 | +1.9% |
| Outside the US | 14.3% | 3 | +0.2% |
The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.
How the mix is measured
Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.
Excluded 2 holders with no observed 2026-03-31 13F and 2 holders with no observed 2026-06-30 13F.
Conviction and Crowding
140 13F filers, quarter ended Jun 30, 2026Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.
Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).
Estimated Holder Cost Basis
Quarter ended Jun 30, 2026, on that quarter's share basisEstimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.
Estimated cost covers 96.0% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.
Quarterly Activity
New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.
Top Buyers
vs Jun 30, 2026| Institution | Added | Now Holds | Open |
|---|---|---|---|
| Small Nvest Wealth Strategies, Inc. | +14,461 | 37,052 | |
| Small MB, LEVIS & ASSOCIATES, LLC | +9,530 | 69,000 | |
| Small James T. Borello RIA | +5,593 | 339,643 | |
| Small TPG Advisors LLC | +3,501 | 93,292 | |
| Small Lighthouse Wealth Management Inc. | +1,131 | 44,174 |
Top Sellers
vs Jun 30, 2026| Institution | Sold | Now Holds | Open |
|---|---|---|---|
| Mid SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI | −1,124 | 15,670 | |
| Small Nautilus Advisors LLC | −547 | 57,656 | |
| Large DAVENPORT & Co LLC | −301 | 10,241 | |
| Large Farther Finance Advisors, LLC | −279 | 450 | |
| Mid Apella Capital, LLC | −174 | 38,997 |
Top New Positions
vs Jun 30, 2026| Institution | Acquired | Value (USD) | Open |
|---|---|---|---|
| Small First Pacific Financial | 54,841 | $2,646,626 | |
| Mid INDEPENDENT FINANCIAL GROUP, LLC | 4,660 | $224,891 |
Top Sold-Out Positions
vs Jun 30, 2026| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Small Legacy Advisors, LLC | 13,433 | $658,619 | |
| Small Cornerstone Planning Group LLC | 731 | $35,840 | |
| Mid AdvisorNet Financial, Inc | 463 | $22,700 |
| Holder | Value (USD) | % of 13F | Shares | Type | Filed | Open |
|---|---|---|---|---|---|---|
| Small James T. Borello RIA Registered adviser TDVG | $16,391,171 | 36.37% | 339,643 | Shares | 2026-10-16 | |
| Small TPG Advisors LLC Registered adviser TDVG | $4,502,271 | 9.99% | 93,292 | Shares | 2026-10-16 | |
| Small MB, LEVIS & ASSOCIATES, LLC Registered adviser TDVG | $3,329,940 | 7.39% | 69,000 | Shares | 2026-10-16 | |
| Small Nautilus Advisors LLC Registered adviser TDVG | $2,782,478 | 6.17% | 57,656 | Shares | 2026-10-07 | |
| Small First Pacific Financial Registered adviser TDVG | $2,646,626 | 5.87% | 54,841 | Shares | 2026-10-14 | |
| Small Lighthouse Wealth Management Inc. Registered adviser TDVG | $2,131,837 | 4.73% | 44,174 | Shares | 2026-10-13 | |
| Mid Apella Capital, LLC TDVG | $1,881,995 | 4.18% | 38,997 | Shares | 2026-10-08 | |
| Small Nvest Wealth Strategies, Inc. Registered adviser TDVG | $1,788,129 | 3.97% | 37,052 | Shares | 2026-10-14 | |
| Small Bill Few Associates, Inc. Registered adviser TDVG | $1,398,864 | 3.10% | 28,986 | Shares | 2026-10-09 | |
| Small Selby Wealth Management, LLC TDVG | $1,347,226 | 2.99% | 27,916 | Shares | 2026-10-16 | |
| Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC TDVG | $1,041,064 | 2.31% | 21,572 | Shares | 2026-10-13 | |
| Mid SIGNATURE ESTATE & INVESTMENT ADVISORS LLC Registered adviser TDVG | $863,516 | 1.92% | 17,893 | Shares | 2026-10-13 | |
| Mid SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI TDVG | $756,234 | 1.68% | 15,670 | Shares | 2026-10-09 | |
| Small Saxony Capital Management, LLC Registered adviser TDVG | $700,976 | 1.56% | 14,525 | Shares | 2026-10-15 | |
| Small Equita Financial Network, Inc. Registered adviser TDVG | $672,985 | 1.49% | 13,945 | Shares | 2026-10-19 | |
| Mid First Heartland Consultants, Inc. Registered adviser TDVG | $552,094 | 1.22% | 11,440 | Shares | 2026-10-08 | |
| Small Balefire, LLC Registered adviser TDVG | $523,765 | 1.16% | 10,853 | Shares | 2026-10-09 | |
| Large DAVENPORT & Co LLC Registered adviser TDVG | $494,230 | 1.10% | 10,241 | Shares | 2026-10-14 | |
| Small Future Financial Wealth Managment LLC TDVG | $325,175 | 0.72% | 6,738 | Shares | 2026-10-15 | |
| Mid IFP Advisors, Inc Registered adviser TDVG | $303,555 | 0.67% | 6,290 | Shares | 2026-10-16 | |
| Mid INDEPENDENT FINANCIAL GROUP, LLC Registered adviser TDVG | $224,891 | 0.50% | 4,660 | Shares | 2026-10-13 | |
| Small MLG Wealth Management DBA Pine Grove Financial Group TDVG | $219,486 | 0.49% | 4,548 | Shares | 2026-10-13 | |
| Small ADIRONDACK TRUST CO TDVG | $110,322 | 0.24% | 2,286 | Shares | 2026-10-14 | |
| Small Cape Investment Advisory, Inc. Registered adviser TDVG | $41,793 | 0.09% | 866 | Shares | 2026-10-13 | |
| Large Farther Finance Advisors, LLC Registered adviser TDVG | $21,717 | 0.05% | 450 | Shares | 2026-10-08 | |
| Mid CoreCap Advisors, LLC Registered adviser TDVG | $20,317 | 0.05% | 421 | Shares | 2026-10-08 |