T. Rowe Price Associates Portfolio holdings
T. Rowe Price Associates, Inc., founded in 1937 by Thomas Rowe Price, Jr., is a globally recognized investment management firm headquartered in Baltimore, Maryland, known for its disciplined, research-driven approach to active investing. The company manages hundreds of billions in assets, offering a wide range of mutual funds, retirement plans, and advisory services tailored to individual investors, institutions, and financial intermediaries. Emphasizing long-term growth and a conservative investment philosophy, T. Rowe Price has built a strong reputation for its equity and fixed-income funds, often focusing on fundamental analysis to identify undervalued opportunities. Still publicly traded and independent, it remains a trusted name in the industry, balancing tradition with innovation to meet evolving client needs.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$3.94B |
| 2 |
Broadcom
AVGO
|
+$2.74B |
| 3 |
Microsoft
MSFT
|
+$2.33B |
| 4 |
Advanced Micro Devices
AMD
|
+$1.47B |
| 5 |
GE Aerospace
GE
|
+$1.27B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$3.42B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$2.44B |
| 3 |
Apple
AAPL
|
+$2.42B |
| 4 |
FISV
Fiserv Inc
FISV
|
+$2.3B |
| 5 |
Eli Lilly
LLY
|
+$1.78B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.73% |
| 2 | Financials | 12.11% |
| 3 | Healthcare | 10.97% |
| 4 | Consumer Discretionary | 10.95% |
| 5 | Communication Services | 10.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Blackrock
BLK
$181B
| $548M | 0.06% |
522,747
+11,921
| +2% | +$11.3M |
|
252
T. Rowe Price Capital Appreciation Equity ETF
TCAF
$8.32B
| $547M | 0.06% |
15,517,215
+1,894,148
| +14% | +$62.1M |
|
253
Roblox
RBLX
$25.8B
| $543M | 0.06% |
5,164,192
+1,811,946
| +54% | +$142M |
|
254
Arista Networks
ANET
$263B
| $536M | 0.06% |
5,240,602
+2,633,759
| +101% | +$228M |
|
255
Toast
TOST
$19.8B
| $535M | 0.06% |
12,071,446
-11,382,763
| -49% | -$447M |
|
256
PepsiCo
PEP
$191B
| $532M | 0.06% |
4,026,378
-148,670
| -4% | -$20M |
|
257
Floor & Decor
FND
$6.32B
| $530M | 0.06% |
6,981,198
+143,533
| +2% | +$10.7M |
|
258
Pinduoduo
PDD
$121B
| $527M | 0.06% |
5,037,525
-1,874,107
| -27% | -$197M |
|
259
Medtronic
MDT
$117B
| $527M | 0.06% |
6,046,276
-4,012,859
| -40% | -$340M |
|
260
American Water Works
AWK
$27.1B
| $527M | 0.06% |
3,785,553
+80,558
| +2% | +$11.5M |
|
261
United Parcel Service
UPS
$89.3B
| $526M | 0.06% |
5,215,512
-1,223,776
| -19% | -$120M |
|
262
Packaging Corp of America
PKG
$22.9B
| $526M | 0.06% |
2,790,905
+427,288
| +18% | +$80.8M |
|
263
AGCO
AGCO
$7B
| $524M | 0.06% |
5,076,070
-1,909,404
| -27% | -$182M |
|
264
HCA Healthcare
HCA
$88.2B
| $523M | 0.06% |
1,366,238
-1,033,134
| -43% | -$372M |
|
265
PG&E
PCG
$39.1B
| $523M | 0.06% |
37,496,158
+8,632,819
| +30% | +$140M |
|
266
Veeva Systems
VEEV
$39.1B
| $522M | 0.06% |
1,813,621
-2,178,751
| -55% | -$540M |
|
267
Trane Technologies
TT
$106B
| $521M | 0.06% |
1,190,320
+40,858
| +4% | +$16.1M |
|
268
Shell
SHEL
$248B
| $519M | 0.06% |
7,375,725
+122,487
| +2% | +$8.21M |
|
269
Ulta Beauty
ULTA
$22.1B
| $518M | 0.06% |
1,107,953
-117,070
| -10% | -$48.4M |
|
270
Targa Resources
TRGP
$57.9B
| $513M | 0.06% |
2,945,211
+110,793
| +4% | +$18.6M |
|
271
Dollar Tree
DLTR
$24.8B
| $504M | 0.06% |
5,087,564
-760,632
| -13% | -$65.7M |
|
272
Cadence Design Systems
CDNS
$89.5B
| $503M | 0.06% |
1,630,865
-228,135
| -12% | -$66.3M |
|
273
AerCap
AER
$23.5B
| $502M | 0.06% |
4,293,868
+2,479,722
| +137% | +$268M |
|
274
BILL Holdings
BILL
$4.73B
| $496M | 0.06% |
10,714,984
+190,945
| +2% | +$8.44M |
|
275
Western Alliance Bancorporation
WAL
$8.95B
| $492M | 0.06% |
6,315,145
+966,229
| +18% | +$69.4M |
|
Similar funds
T. Rowe Price Associates's Q2 2025 Portfolio in Review
As of Q2 2025, T. Rowe Price Associates held 3,193 positions worth $883B, up 8.8% from $812B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
T. Rowe Price Associates's Q2 2025 filing shows 153 new, 2,010 increased, 803 reduced and 136 closed positions. Its largest new stake was Ralliant Corp: 4,667,638 shares worth $226M. The largest sale was Amazon, an estimated $3.42B.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 30% a quarter earlier, followed by Financials and Healthcare.
- T. Rowe Price Associates's largest Q2 2025 buy was Ralliant Corp: 4,667,638 shares worth $226M.
- T. Rowe Price Associates added most to NVIDIA in Q2 2025, an estimated $3.94B increase.
- T. Rowe Price Associates's biggest Q2 2025 reduction was Amazon, cutting an estimated $3.42B.
- T. Rowe Price Associates fully exited US Steel in Q2 2025, selling an estimated $146M.
- T. Rowe Price Associates's ten largest holdings make up 36% of its $883B portfolio in Q2 2025.
- T. Rowe Price Associates opened 153 new positions and closed 136 in Q2 2025.
- T. Rowe Price Associates's portfolio value rose 8.8% quarter-over-quarter to $883B.
Based on T. Rowe Price Associates's 13F filing for Q2 2025, filed 14 Aug 2025.