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 |
Arista Networks
ANET
|
+$4.06B |
| 2 |
Oracle
ORCL
|
+$2.93B |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$2.35B |
| 4 |
Apple
AAPL
|
+$2.27B |
| 5 |
Caterpillar
CAT
|
+$2.12B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$3.44B |
| 2 |
Eli Lilly
LLY
|
+$2.51B |
| 3 |
Microsoft
MSFT
|
+$2.39B |
| 4 |
FISV
Fiserv Inc
FISV
|
+$2.2B |
| 5 |
Norfolk Southern
NSC
|
+$1.97B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.3% |
| 2 | Financials | 11.67% |
| 3 | Consumer Discretionary | 10.88% |
| 4 | Communication Services | 10.76% |
| 5 | Healthcare | 9.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Duolingo
DUOL
$6.74B
| $170M | 0.02% |
527,505
-810,356
| -61% | -$271M |
|
502
Duke Energy
DUK
$97.1B
| $169M | 0.02% |
1,364,872
+10,043
| +0.7% | +$1.22M |
|
503
Centene
CNC
$32.6B
| $168M | 0.02% |
4,699,227
+3,975,957
| +550% | +$120M |
|
|
BA.PRA
504
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$8.14B
| – | – |
0
| – | – |
|
505
Comfort Systems
FIX
$60.8B
| $166M | 0.02% |
200,832
+10,839
| +6% | +$7.35M |
|
506
BILL Holdings
BILL
$5.11B
| $164M | 0.02% |
3,097,580
-7,617,404
| -71% | -$354M |
|
507
Carrier Global
CARR
$52.2B
| $164M | 0.02% |
2,740,237
-424,944
| -13% | -$28.9M |
|
508
Main Street Capital
MAIN
$5.54B
| $164M | 0.02% |
2,571,881
-928,786
| -27% | -$60M |
|
509
NRG Energy
NRG
$25.2B
| $163M | 0.02% |
1,006,930
+112,113
| +13% | +$17.5M |
|
510
Madrigal Pharmaceuticals
MDGL
$11.7B
| $162M | 0.02% |
352,520
-155,944
| -31% | -$58.2M |
|
511
Lockheed Martin
LMT
$138B
| $159M | 0.02% |
318,490
-2,596
| -0.8% | -$1.18M |
|
|
KRMN
512
Karman Holdings
KRMN
$8.02B
| $159M | 0.02% |
2,201,316
+112,916
| +5% | +$6.19M |
|
513
RadNet
RDNT
$6.08B
| $158M | 0.02% |
2,071,146
+1,924,549
| +1,313% | +$125M |
|
514
AppFolio
APPF
$7.22B
| $157M | 0.02% |
571,087
+116,609
| +26% | +$31.5M |
|
|
NUVL
515
DELISTED
Nuvalent
NUVL
| $157M | 0.02% |
1,810,420
+15,047
| +0.8% | +$1.19M |
|
516
DTE Energy
DTE
$29B
| $156M | 0.02% |
1,103,379
+20,950
| +2% | +$2.87M |
|
517
GE HealthCare
GEHC
$33.3B
| $155M | 0.02% |
2,059,680
+4,226
| +0.2% | +$315K |
|
|
COOP
518
DELISTED
Mr. Cooper
COOP
| $153M | 0.02% |
724,076
+339,599
| +88% | +$62.5M |
|
519
Zoetis
ZTS
$31.3B
| $152M | 0.02% |
1,039,190
+64,019
| +7% | +$9.68M |
|
520
Strategy Inc
MSTR
$38.2B
| $152M | 0.02% |
470,590
-1,129,526
| -71% | -$419M |
|
521
Starbucks
SBUX
$124B
| $151M | 0.02% |
1,787,268
-3,148,003
| -64% | -$282M |
|
522
Procore
PCOR
$9.45B
| $150M | 0.02% |
2,051,465
-1,051,755
| -34% | -$73.4M |
|
523
TC Energy
TRP
$65.8B
| $149M | 0.02% |
2,742,884
-67,471
| -2% | -$3.39M |
|
524
OneMain Financial
OMF
$7.51B
| $149M | 0.02% |
2,632,678
-535,141
| -17% | -$31.6M |
|
|
RAL
525
Ralliant Corp
RAL
$7.9B
| $149M | 0.02% |
3,397,061
-1,270,577
| -27% | -$56.5M |
|
Similar funds
T. Rowe Price Associates's Q3 2025 Portfolio in Review
As of Q3 2025, T. Rowe Price Associates held 3,142 positions worth $935B, up 5.9% from $883B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
T. Rowe Price Associates's Q3 2025 filing shows 87 new, 2,049 increased, 682 reduced and 98 closed positions. Its largest new stake was Cemex: 19,009,088 shares worth $171M. The largest sale was Amazon, an estimated $3.44B.
By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 35% a quarter earlier, followed by Financials and Consumer Discretionary.
- T. Rowe Price Associates's largest Q3 2025 buy was Cemex: 19,009,088 shares worth $171M.
- T. Rowe Price Associates added most to Arista Networks in Q3 2025, an estimated $4.06B increase.
- T. Rowe Price Associates's biggest Q3 2025 reduction was Amazon, cutting an estimated $3.44B.
- T. Rowe Price Associates fully exited Hess in Q3 2025, selling an estimated $308M.
- T. Rowe Price Associates's ten largest holdings make up 37% of its $935B portfolio in Q3 2025.
- T. Rowe Price Associates opened 87 new positions and closed 98 in Q3 2025.
- T. Rowe Price Associates's portfolio value rose 5.9% quarter-over-quarter to $935B.
Based on T. Rowe Price Associates's 13F filing for Q3 2025, filed 14 Nov 2025.