T. Rowe Price Capital Appreciation Equity ETF (TCAF) Holdings
TCAF holdings summary
as of Oct 24, 2026- Holdings
- 91 positions listed
- Top 10 weight
- 39.5% of net assets
- Effective holdings
- 38 equal-weight equivalent
- Largest holding
- MSFT 7.12% Microsoft Corporation
- Annual turnover
- 18.6% of the portfolio traded
Top 1039.5%
Top 2564.8%
Top 5088.1%
All TCAF holdings
91 holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft Corporation | Technology | 7.12% | $574.1M | $3.93T | 29.5 |
| 2 | NVDA | NVIDIA Corporation | Technology | 5.63% | $454.2M | $5.17T | 27.1 |
| 3 | AMZN | Amazon.com, Inc. | Consumer Cyclical | 5.56% | $448.0M | $2.70T | 20.1 |
| 4 | AAPL | Apple Inc. | Technology | 5.29% | $426.1M | $5.01T | 39.4 |
| 5 | GOOGL | Alphabet Inc. | Communication Services | 3.06% | $246.5M | $4.17T | 17.1 |
| 6 | CNP | CenterPoint Energy, Inc. | Utilities | 2.96% | $238.3M | $26.71B | 24.0 |
| 7 | AMD | Advanced Micro Devices, Inc. | Technology | 2.75% | $221.6M | $863.17B | 134.9 |
| 8 | META | Meta Platforms, Inc. | Communication Services | 2.46% | $198.1M | $1.81T | 26.7 |
| 9 | KDP | Keurig Dr Pepper Inc. | Consumer Defensive | 2.39% | $192.5M | $47.11B | 35.0 |
| 10 | COR | Cencora | Healthcare | 2.33% | $187.4M | $65.06B | 25.3 |
| 11 | MA | Mastercard Incorporated | Financial Services | 2.19% | $176.3M | $540.87B | 34.0 |
| 12 | ALNY | Alnylam Pharmaceuticals, Inc. | Healthcare | 2.12% | $170.7M | $31.02B | 39.1 |
| 13 | ASND | Ascendis Pharma A/S | Healthcare | 2.06% | $165.7M | $14.82B | 17.3 |
| 14 | TSM | Taiwan Semiconductor Manufacturing Company Limited | Technology | 2.03% | $163.6M | $2.14T | 26.7 |
| 15 | AEE | Ameren Corporation | Utilities | 1.95% | $157.6M | $29.37B | 18.7 |
| 16 | PPL | PPL Corporation | Utilities | 1.69% | $135.9M | $26.47B | 20.8 |
| 17 | NI | NiSource Inc. | Utilities | 1.69% | $135.9M | $20.47B | 22.7 |
| 18 | AVGO | Broadcom Inc. | Technology | 1.55% | $125.3M | $1.57T | 43.3 |
| 19 | AJG | Arthur J. Gallagher & Co. | Financial Services | 1.54% | $123.9M | $65.34B | 42.3 |
| 20 | RVTY | Revvity, Inc. | Healthcare | 1.47% | $118.1M | $17.03B | 73.0 |
| 21 | MSCI | MSCI Inc. | Financial Services | 1.41% | $114.0M | $41.37B | 31.1 |
| 22 | DHR | Danaher Corporation | Healthcare | 1.40% | $112.5M | $161.01B | 40.8 |
| 23 | CNQ | Canadian Natural Resources Ltd | Energy | 1.39% | $112.2M | — | — |
| 24 | JPM | JPMorgan Chase & Co. | Financial Services | 1.38% | $111.4M | $902.16B | 14.2 |
| 25 | WAT | Waters Corporation | Healthcare | 1.38% | $111.1M | $42.90B | 110.6 |
| 26 | V | Visa Inc. | Financial Services | 1.37% | $110.2M | $755.84B | 34.3 |
| 27 | ANET | Arista Networks, Inc. | Technology | 1.34% | $107.8M | $223.21B | 55.8 |
| 28 | VLTO | Veralto Corporation | Industrials | 1.30% | $104.6M | $24.63B | 25.8 |
| 29 | YUM | Yum! Brands, Inc. | Consumer Cyclical | 1.28% | $103.0M | $41.07B | 19.0 |
| 30 | GOOG | Alphabet Inc. | Communication Services | 1.23% | $99.5M | $4.12T | 16.9 |
| 31 | PM | Philip Morris International Inc. | Consumer Defensive | 1.15% | $92.8M | $319.83B | 29.5 |
| 32 | MU | Micron Technology, Inc. | Technology | 1.13% | $90.7M | $994.34B | 11.8 |
| 33 | NOC | Northrop Grumman Corporation | Industrials | 1.09% | $88.2M | $73.85B | 16.5 |
| 34 | PTC | PTC Inc. | Technology | 1.07% | $86.6M | $20.96B | 18.7 |
| 35 | DASH | DoorDash, Inc. | Consumer Cyclical | 1.07% | $86.2M | $81.96B | 99.6 |
| 36 | ARES | Ares Management Corporation | Financial Services | 1.06% | $85.8M | $37.25B | 51.7 |
| 37 | LMT | Lockheed Martin Corporation | Industrials | 1.00% | $80.7M | $127.42B | 20.3 |
| 38 | KKR | KKR & Co. Inc. | Financial Services | 0.97% | $78.6M | $79.62B | 27.5 |
| 39 | CYTK | Cytokinetics, Incorporated | Healthcare | 0.91% | $73.3M | $8.61B | — |
| 40 | ASML | ASML Holding N.V. | Technology | 0.82% | $65.8M | $632.67B | 40.4 |
| 41 | PCVX | Vaxcyte, Inc. | Healthcare | 0.81% | $65.4M | $10.01B | — |
| 42 | AUR | Aurora Innovation, Inc. | Consumer Cyclical | 0.77% | $62.3M | $9.73B | — |
| 43 | BDX | Becton, Dickinson and Company | Healthcare | 0.75% | $60.1M | $52.23B | 44.6 |
| 44 | ETR | Entergy Corporation | Utilities | 0.70% | $56.7M | $50.22B | 26.9 |
| 45 | ABT | Abbott Laboratories | Healthcare | 0.65% | $52.2M | $181.50B | 33.8 |
| 46 | WTW | Willis Towers Watson Public Limited Company | Financial Services | 0.64% | $51.4M | $29.30B | 19.5 |
| 47 | TRU | TransUnion | Financial Services | 0.61% | $49.0M | $14.19B | 19.5 |
| 48 | SNPS | Synopsys, Inc. | Technology | 0.58% | $46.6M | $87.12B | 80.3 |
| 49 | WCN | Waste Connections, Inc. | Industrials | 0.52% | $42.1M | $42.24B | 40.6 |
| 50 | WST | West Pharmaceutical Services, Inc. | Healthcare | 0.49% | $39.2M | $27.03B | 49.4 |
| 51 | MSGS | Madison Square Garden Sports Corp. | Communication Services | 0.48% | $39.0M | $9.54B | — |
| 52 | TXN | Texas Instruments Incorporated | Technology | 0.48% | $38.8M | $252.49B | 42.1 |
| 53 | NFLX | Netflix, Inc. | Communication Services | 0.43% | $34.6M | $293.68B | 22.2 |
| 54 | SBUX | Starbucks Corporation | Consumer Cyclical | 0.41% | $33.4M | $111.17B | 56.4 |
| 55 | SPW0 | SPX TECHNOLOGIES DL 10 | Industrials | 0.40% | $32.4M | — | — |
| 56 | LITE | Lumentum Holdings Inc. | Technology | 0.40% | $32.2M | $74.65B | — |
| 57 | TDG | TransDigm Group Incorporated | Industrials | 0.37% | $30.2M | $62.98B | 34.6 |
| 58 | CIEN | Ciena Corporation | Technology | 0.37% | $30.1M | $47.18B | 74.4 |
| 59 | BSY | Bentley Systems, Incorporated | Technology | 0.37% | $29.8M | $10.69B | 38.9 |
| 60 | USFD | US Foods Holding Corp. | Consumer Defensive | 0.37% | $29.4M | $22.06B | 31.4 |
| 61 | COP | ConocoPhillips | Energy | 0.35% | $28.3M | $176.01B | 19.4 |
| 62 | IBM | International Business Machines Corporation | Technology | 0.34% | $27.3M | $218.71B | 20.6 |
| 63 | ISRG | Intuitive Surgical, Inc. | Healthcare | 0.31% | $24.7M | $150.74B | 48.9 |
| 64 | SLB | Schlumberger Limited | Energy | 0.31% | $24.7M | $73.47B | 23.9 |
| 65 | SPGI | S&P Global Inc. | Financial Services | 0.30% | $23.8M | $126.66B | 26.1 |
| 66 | DNLI | Denali Therapeutics Inc. | Healthcare | 0.29% | $23.8M | $2.81B | — |
| 67 | IDXX | IDEXX Laboratories, Inc. | Healthcare | 0.29% | $23.4M | $44.20B | 39.8 |
| 68 | IR | Ingersoll Rand Inc. | Industrials | 0.28% | $22.8M | $30.18B | 32.0 |
| 69 | CDNS | Cadence Design Systems, Inc. | Technology | 0.26% | $21.0M | $88.13B | 63.5 |
| 70 | IEX | IDEX Corporation | Industrials | 0.26% | $20.9M | $17.36B | 33.9 |
| 71 | KYMR | Kymera Therapeutics, Inc. | Healthcare | 0.23% | $18.4M | $8.62B | — |
| 72 | XENE | Xenon Pharmaceuticals Inc. | Healthcare | 0.23% | $18.4M | $3.24B | — |
| 73 | SKHY | SK Hynix Inc. American Depositary Shares | Technology | 0.22% | $17.9M | $994.83B | 8.7 |
| 74 | EQT | EQT Corporation | Energy | 0.22% | $17.9M | $33.97B | 12.6 |
| 75 | ITT | ITT Inc. | Industrials | 0.22% | $17.8M | $17.83B | 38.8 |
| 76 | RLAY | Relay Therapeutics, Inc. | Healthcare | 0.21% | $17.1M | $3.57B | — |
| 77 | CGON | CG Oncology, Inc. | Healthcare | 0.20% | $16.2M | $5.31B | — |
| 78 | ERAS | Erasca, Inc. | Healthcare | 0.18% | $14.3M | $4.68B | — |
| 79 | ORKA | Oruka Therapeutics, Inc. | Healthcare | 0.17% | $13.9M | $4.76B | — |
| 80 | VMC | Vulcan Materials Company | Basic Materials | 0.17% | $13.7M | $33.38B | 30.4 |
| 81 | DNTH | Dianthus Therapeutics, Inc. | Healthcare | 0.14% | $11.6M | $4.03B | — |
| 82 | GCP | General Electric Company | Other | 0.13% | $10.2M | — | — |
| 83 | ARXS | Arxis, Inc. | Industrials | 0.10% | $8.4M | $23.31B | 676.2 |
| 84 | DYN | Dyne Therapeutics, Inc. | Healthcare | 0.10% | $8.0M | $2.66B | — |
| 85 | RYAN | Ryan Specialty Holdings, Inc. | Financial Services | 0.09% | $7.4M | $10.44B | 57.4 |
| 86 | EXE | Expand Energy Corporation | Energy | 0.09% | $6.9M | $21.62B | 8.1 |
| 87 | STOK | Stoke Therapeutics, Inc. | Healthcare | 0.06% | $5.2M | $1.56B | — |
| 88 | BIIB | Biogen Inc. | Healthcare | 0.05% | $4.3M | $34.37B | 41.3 |
| 89 | MAZE | Maze Therapeutics, Inc. | Healthcare | 0.05% | $3.9M | $1.53B | — |
| 90 | MLTX_old | Multex Com Inc | Other | 0.03% | $2.5M | — | — |
| 91 | QNT | Quantinuum Inc. | Technology | 0.03% | $2.5M | $9.71B | — |
Weights as a percentage of net assets. Value held = weight × net assets ($8.06B). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
TCAF sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Technology | 31.8% | 19 | MSFT, NVDA, AAPL |
| Healthcare | 16.9% | 25 | COR, ALNY, ASND |
| Financial Services | 11.6% | 11 | MA, AJG, MSCI |
| Consumer Cyclical | 9.1% | 5 | AMZN, YUM, DASH |
| Utilities | 9.0% | 5 | CNP, AEE, PPL |
| Communication Services | 7.7% | 5 | GOOGL, META, GOOG |
| Industrials | 5.6% | 10 | VLTO, NOC, LMT |
| Consumer Defensive | 3.9% | 3 | KDP, PM, USFD |
| Energy | 2.4% | 5 | CNQ, COP, SLB |
| Basic Materials | 0.2% | 1 | VMC |
| Other | 0.2% | 2 | GCP, MLTX_old |
Sum of the weights of the holdings in each sector.
TCAF top industries
Semiconductors
13.8%
Biotechnology
7.8%
Software - Infrastructure
7.7%
Utilities - Regulated Electric
7.3%
Internet Content & Information
6.8%
Internet Retail
6.6%
Consumer Electronics
5.3%
Diagnostics & Research
4.5%
Credit Services
3.6%
Aerospace & Defense
2.6%
Beverages - Non-Alcoholic
2.4%
Medical Distribution
2.3%
Financial Data & Stock Exchanges
2.3%
Insurance Brokers
2.3%
Oil & Gas E&P
2.0%
TCAF overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| SPY | SPDR S&P 500 ETF | 40.3% | 60 of 502 | 0.09% |
| HELO | Jpmorgan Hedged Equity Laddered Overlay ETF | 39.6% | 29 of 144 | 0.49% |
| GSPY | Gotham Enhanced 500 ETF | 39.1% | 59 of 500 | 0.51% |
| GLBL | Pacer Funds Trust Pacer MSCI Wo | 38.9% | 35 of 351 | — |
| QQQ | Invesco QQQ ETF | 37.7% | 22 of 101 | 0.17% |
| VTI | Vanguard Total Stock Market ETF | 37.4% | 84 of 2,941 | 0.03% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the TCAF portfolio
T. Rowe Price Capital Appreciation Equity ETF holds 91 positions. The ten largest make up 39.5% of the fund and the top 50 88.1%, so it behaves like a portfolio of about 38 equally weighted stocks. The biggest positions are Microsoft Corporation (7.12%), NVIDIA Corporation (5.63%), Amazon.com, Inc. (5.56%), Apple Inc. (5.29%), Alphabet Inc. (3.06%).
By sector, Technology is 31.8%, Healthcare is 16.9%, Financial Services is 11.6%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 24, 2026; positions change as the fund rebalances.
Related: TCAF chart, TCAF performance, TCAF dividends, TCAF valuation, TCAF overview.
TCAF holdings FAQ
How many holdings does TCAF have?
TCAF holds 91 positions as of October 24, 2026.
What are the top 10 holdings of TCAF?
The ten largest holdings are Microsoft Corporation (7.12%), NVIDIA Corporation (5.63%), Amazon.com, Inc. (5.56%), Apple Inc. (5.29%), Alphabet Inc. (3.06%), CenterPoint Energy, Inc. (2.96%), Advanced Micro Devices, Inc. (2.75%), Meta Platforms, Inc. (2.46%), Keurig Dr Pepper Inc. (2.39%), Cencora (2.33%). Together they are 39.5% of the fund.
What percentage of TCAF is Microsoft Corporation?
Microsoft Corporation is the largest holding at 7.12% of net assets, about $574.1M of the fund's $8.06B.
Which sector is the largest in TCAF?
Technology is the largest sector at 31.8%, followed by Healthcare (16.9%) and Financial Services (11.6%), based on the sectors of the individual holdings.
How concentrated is TCAF?
The top 10 holdings are 39.5% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) TCAF behaves like a portfolio of about 38 equally weighted stocks.