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 |
Lam Research
LRCX
|
+$1.66B |
| 2 |
KLA
KLAC
|
+$1.39B |
| 3 |
T-Mobile US
TMUS
|
+$1.38B |
| 4 |
Eli Lilly
LLY
|
+$1.37B |
| 5 |
CSX Corp
CSX
|
+$1.18B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$4.2B |
| 2 |
Microsoft
MSFT
|
+$3.24B |
| 3 |
Amazon
AMZN
|
+$2.75B |
| 4 |
Netflix
NFLX
|
+$2.53B |
| 5 |
Apple
AAPL
|
+$2.48B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.66% |
| 2 | Financials | 11.78% |
| 3 | Healthcare | 11.44% |
| 4 | Consumer Discretionary | 10.75% |
| 5 | Communication Services | 10.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$5.42T
| $69.6B | 7.5% |
373,187,926
-22,554,774
| -6% | -$4.2B |
|
|
2
Microsoft
MSFT
$3.71T
| $60.8B | 6.56% |
125,709,121
-6,466,984
| -5% | -$3.24B |
|
|
3
Apple
AAPL
$4.57T
| $55.3B | 5.97% |
203,499,482
-9,255,571
| -4% | -$2.48B |
|
|
4
Amazon
AMZN
$2.96T
| $30.2B | 3.26% |
130,958,176
-12,041,421
| -8% | -$2.75B |
|
5
Broadcom
AVGO
$2.04T
| $29.6B | 3.19% |
85,546,083
+2,491,644
| +3% | +$891M |
|
6
Alphabet (Google) Class A
GOOGL
$4.33T
| $26.3B | 2.83% |
83,963,036
-1,487,850
| -2% | -$425M |
|
7
Meta Platforms (Facebook)
META
$1.51T
| $23.2B | 2.5% |
35,112,531
-3,575,639
| -9% | -$2.39B |
|
|
8
Alphabet (Google) Class C
GOOG
$4.32T
| $22.1B | 2.38% |
70,305,711
-1,677,171
| -2% | -$480M |
|
|
9
Eli Lilly
LLY
$1.06T
| $16B | 1.73% |
14,910,505
+1,432,069
| +11% | +$1.37B |
|
10
Visa
V
$677B
| $14.4B | 1.55% |
41,092,294
+716,218
| +2% | +$244M |
|
11
Tesla
TSLA
$1.3T
| $11.5B | 1.24% |
25,599,707
-2,383,894
| -9% | -$1.06B |
|
12
Mastercard
MA
$493B
| $10.9B | 1.17% |
19,041,495
-842,424
| -4% | -$471M |
|
13
JPMorgan Chase
JPM
$950B
| $9B | 0.97% |
27,942,349
-1,075,522
| -4% | -$333M |
|
14
GE Aerospace
GE
$384B
| $8.31B | 0.9% |
26,971,268
-2,418,237
| -8% | -$728M |
|
|
15
Netflix
NFLX
$309B
| $8.07B | 0.87% |
86,058,878
-23,459,212
| -21% | -$2.53B |
|
16
Carvana
CVNA
$77.9B
| $7.48B | 0.81% |
88,634,190
+7,038,810
| +9% | +$523M |
|
17
Intuitive Surgical
ISRG
$134B
| $7.11B | 0.77% |
12,554,763
-264,027
| -2% | -$141M |
|
18
UnitedHealth
UNH
$370B
| $6.22B | 0.67% |
18,829,054
+680,077
| +4% | +$230M |
|
19
Bank of America
BAC
$442B
| $5.86B | 0.63% |
106,566,355
-13,040,333
| -11% | -$689M |
|
|
20
T-Mobile US
TMUS
$190B
| $5.64B | 0.61% |
27,795,065
+6,516,968
| +31% | +$1.38B |
|
21
Booking.com
BKNG
$161B
| $5.17B | 0.56% |
24,153,025
+3,217,500
| +15% | +$662M |
|
22
Amphenol
APH
$209B
| $5.12B | 0.55% |
37,923,065
-6,148,762
| -14% | -$822M |
|
23
ServiceNow
NOW
$129B
| $4.96B | 0.54% |
32,395,663
-1,996,562
| -6% | -$342M |
|
24
Berkshire Hathaway Class B
BRK.B
$1.13T
| $4.95B | 0.53% |
9,845,909
-337,892
| -3% | -$168M |
|
|
SCHW
25
Charles Schwab
SCHW
$187B
| $4.91B | 0.53% |
49,096,235
-8,348,360
| -15% | -$792M |
|
Similar funds
T. Rowe Price Associates's Q4 2025 Portfolio in Review
As of Q4 2025, T. Rowe Price Associates held 3,154 positions worth $927B, down 0.78% from $935B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
T. Rowe Price Associates's Q4 2025 filing shows 113 new, 1,841 increased, 860 reduced and 65 closed positions. Its largest new stake was Medline Inc: 7,325,104 shares worth $308M. The largest sale was NVIDIA, an estimated $4.2B.
By sector, the portfolio is most concentrated in Technology at 36% of assets, down from 36% a quarter earlier, followed by Financials and Healthcare.
- T. Rowe Price Associates's largest Q4 2025 buy was Medline Inc: 7,325,104 shares worth $308M.
- T. Rowe Price Associates added most to Lam Research in Q4 2025, an estimated $1.66B increase.
- T. Rowe Price Associates's biggest Q4 2025 reduction was NVIDIA, cutting an estimated $4.2B.
- T. Rowe Price Associates fully exited Akero Therapeutics in Q4 2025, selling an estimated $181M.
- T. Rowe Price Associates's ten largest holdings make up 37% of its $927B portfolio in Q4 2025.
- T. Rowe Price Associates opened 113 new positions and closed 65 in Q4 2025.
- T. Rowe Price Associates's portfolio value fell 0.78% quarter-over-quarter to $927B.
Based on T. Rowe Price Associates's 13F filing for Q4 2025, filed 17 Feb 2026.