T ROWE PRICE ETF INC

Ticker: TVAL CUSIP: 87283Q859 Class: VALUE ETF

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (7)

Flaharty Asset Management, LLC

Value ($000) $16,913 Shares 485,900

Jacksonville Wealth Management, LLC

Value ($000) $388 Shares 11,017

GeoWealth Management, LLC

Value ($000) $258 Shares 7,329

JANE STREET GROUP, LLC

Value ($000) $1,555 Shares 44,159

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $208 Shares 5,892

WELLS FARGO & COMPANY/MN

Value ($000) $21 Shares 600

Sound Income Strategies, LLC

Value ($000) $9 Shares 240

Institution	Shares	Value ($000)
Flaharty Asset Management, LLC	485,900	$16,913
Jacksonville Wealth Management, LLC	11,017	$388
GeoWealth Management, LLC	7,329	$258
JANE STREET GROUP, LLC	44,159	$1,555
SUSQUEHANNA INTERNATIONAL GROUP, LLP	5,892	$208
WELLS FARGO & COMPANY/MN	600	$21
Sound Income Strategies, LLC	240	$9

Increased Positions (14)

Hopwood Financial Services, Inc.

Value ($000) $1,307 (+45.4%) Shares 37,112 (+40.8%)

N.E.W. Advisory Services LLC

Value ($000) $4,873 (+565.6%) Shares 138,352 (+544.6%)

DAHRING | CUSMANO LLC

Value ($000) $438 (+42.2%) Shares 12,433 (+37.7%)

LPL Financial LLC

Value ($000) $3,214 (+70.7%) Shares 91,265 (+65.3%)

Corient Private Wealth LLC

Value ($000) $1,427 (+95.9%) Shares 40,525 (+89.7%)

RAYMOND JAMES FINANCIAL INC

Value ($000) $3,651 (+34.3%) Shares 103,671 (+30.1%)

OSAIC HOLDINGS, INC.

Value ($000) $6,161 (+13.3%) Shares 174,930 (+8.9%)

Cetera Investment Advisers

Value ($000) $3,782 (+18.3%) Shares 107,389 (+14.6%)

ENVESTNET ASSET MANAGEMENT INC

Value ($000) $2,024 (+29.5%) Shares 57,471 (+25.4%)

JONES FINANCIAL COMPANIES LLLP

Value ($000) $363 (+50.1%) Shares 10,314 (+45.2%)

PRICE T ROWE ASSOCIATES INC /MD/

Value ($000) $393 (+7.5%) Shares 11,160,913 (+4.2%)

HighTower Advisors, LLC

Value ($000) $437 (+19.1%) Shares 12,416 (+15.3%)

COMMONWEALTH EQUITY SERVICES, LLC

Value ($000) $952 (+113602.5%) Shares 27,021 (+10.1%)

Cambridge Investment Research Advisors, Inc.

Value ($000) $2 (+22.5%) Shares 54,120 (+18.6%)

Institution	Prev Shares	Curr Shares	Change
Hopwood Financial Services, Inc.	26,356	37,112	+10,756 (+40.8%)
N.E.W. Advisory Services LLC	21,464	138,352	+116,888 (+544.6%)
DAHRING \| CUSMANO LLC	9,029	12,433	+3,404 (+37.7%)
LPL Financial LLC	55,214	91,265	+36,051 (+65.3%)
Corient Private Wealth LLC	21,365	40,525	+19,160 (+89.7%)
RAYMOND JAMES FINANCIAL INC	79,689	103,671	+23,982 (+30.1%)
OSAIC HOLDINGS, INC.	160,638	174,930	+14,292 (+8.9%)
Cetera Investment Advisers	93,730	107,389	+13,659 (+14.6%)
ENVESTNET ASSET MANAGEMENT INC	45,828	57,471	+11,643 (+25.4%)
JONES FINANCIAL COMPANIES LLLP	7,101	10,314	+3,213 (+45.2%)
PRICE T ROWE ASSOCIATES INC /MD/	10,706,703	11,160,913	+454,210 (+4.2%)
HighTower Advisors, LLC	10,765	12,416	+1,651 (+15.3%)
COMMONWEALTH EQUITY SERVICES, LLC	24,545	27,021	+2,476 (+10.1%)
Cambridge Investment Research Advisors, Inc.	45,629	54,120	+8,491 (+18.6%)

Decreased Positions (4)

OneDigital Investment Advisors LLC

Value ($000) $20,996 (-3.3%) Shares 596,145 (-6.3%)

ROYAL BANK OF CANADA

Value ($000) $134 (-75.3%) Shares 3,792 (-76.2%)

CITADEL ADVISORS LLC

Value ($000) $1,217 (-9.1%) Shares 34,566 (-12.0%)

UBS Group AG

Value ($000) $10 (-75.9%) Shares 292 (-76.6%)

Institution	Prev Shares	Curr Shares	Change
OneDigital Investment Advisors LLC	636,248	596,145	-40,103 (-6.3%)
ROYAL BANK OF CANADA	15,923	3,792	-12,131 (-76.2%)
CITADEL ADVISORS LLC	39,261	34,566	-4,695 (-12.0%)
UBS Group AG	1,250	292	-958 (-76.6%)

Exited Positions (3)

GOLDMAN SACHS GROUP INC

Value ($000) $1,533 Shares 44,948

HARBOUR INVESTMENTS, INC.

Value ($000) $118 Shares 3,466

Missouri Trust & Investment Co

Value ($000) $11 Shares 308

Institution	Prev Shares	Prev Value ($000)
GOLDMAN SACHS GROUP INC	44,948	$1,533
HARBOUR INVESTMENTS, INC.	3,466	$118
Missouri Trust & Investment Co	308	$11