PRICE T ROWE ASSOCIATES INC /MD/

BALTIMORE, MD · CIK 80255 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 1947 · corporation

Assets managed$2.2tn
Staff3,760 · 545 in investment roles
Main clients (by assets)Mutual funds and ETFs 54%, Private funds 36%, Pension plans 3%
Private funds7 · $2.7bn gross assets
Websitetroweprice.com
Form ADV · 2026-07-06SEC adviser record

Legal entityT. Rowe Price Associates, Inc. (US)
Part of T. ROWE PRICE GROUP, INC. (US)

Other 13F filers in this group: T. Rowe Price Investment Management, Inc. $152.6bn

$999.1bn reported value +15.5% vs Q1 2026

3,242positions

32.2%in top 10

237 new 2,239 added 646 reduced 129 sold out vs Q1 2026

This report includes the holdings of 6 other managers that share the investment decisions:

T. Rowe Price Advisory Services, Inc. – no 13F of its own this quarter
T. Rowe Price Australia Limited – no 13F of its own this quarter
T. Rowe Price Hong Kong Limited – no 13F of its own this quarter
T. Rowe Price International Ltd – no 13F of its own this quarter
T. Rowe Price Japan, Inc. – no 13F of its own this quarter
T. Rowe Price Singapore Private Ltd. – no 13F of its own this quarter

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	369,829,781	$74.0bn7.41%	7.41%	Reduced -272.9k	-272,907 -0.1%
2	APPLE INC COM AAPL	AAPL	159,811,362	$46.2bn4.63%	4.63%	Reduced -40.6m	-40,615,258 -20.3%
3	ALPHABET INC CAP STK CL A GOOGL	GOOGL	101,316,099	$36.2bn3.62%	3.62%	Added +20.8m	+20,809,301 25.9%
4	MICROSOFT CORP COM MSFT	MSFT	87,287,163	$32.6bn3.26%	3.26%	Reduced -30.0m	-29,955,771 -25.6%
5	BROADCOM INC COM AVGO	AVGO	82,851,970	$31.3bn3.13%	3.13%	Reduced -1.6m	-1,618,784 -1.9%
6	AMAZON COM INC COM AMZN	AMZN	108,907,465	$26.0bn2.60%	2.60%	Reduced -14.1m	-14,091,485 -11.5%
7	ALPHABET INC CAP STK CL C GOOG	GOOG	59,258,327	$20.9bn2.10%	2.10%	Reduced -8.6m	-8,588,253 -12.7%
8	ADVANCED MICRO DEVICES INC COM AMD	AMD	35,938,258	$20.9bn2.09%	2.09%	Added +7.1m	+7,091,788 24.6%
9	META PLATFORMS INC CL A META	META	30,793,354	$17.3bn1.74%	1.74%	Reduced -2.2m	-2,191,986 -6.7%
10	ELI LILLY & CO COM LLY	LLY	13,911,839	$16.7bn1.67%	1.67%	Reduced -80.4k	-80,385 -0.6%
11	MICRON TECHNOLOGY INC COM MU	MU	14,165,845	$16.4bn1.64%	1.64%	Added +8.8m	+8,827,282 165.3%
12	VISA INC COM CL A V	V	35,472,043	$12.2bn1.22%	1.22%	Reduced -5.6m	-5,603,826 -13.6%
13	LAM RESEARCH CORP COM NEW LRCX	LRCX	24,596,295	$10.7bn1.07%	1.07%	Added +11.4m	+11,356,938 85.8%
14	TESLA INC COM TSLA	TSLA	25,141,239	$10.6bn1.06%	1.06%	Added +332.4k	+332,357 1.3%
15	UNITEDHEALTH GROUP INC COM UNH	UNH	23,153,813	$9.6bn0.96%	0.96%	Added +2.3m	+2,279,867 10.9%
16	MASTERCARD INCORPORATED CL A MA	MA	18,527,027	$9.5bn0.95%	0.95%	Reduced -47.7k	-47,683 -0.3%
17	APPLIED MATLS INC COM AMAT	AMAT	12,627,555	$9.1bn0.91%	0.91%	Added +6.6m	+6,564,630 108.3%
18	JPMORGAN CHASE & CO COM JPM	JPM	27,686,080	$9.1bn0.91%	0.91%	Added +198.8k	+198,757 0.7%
19	GE AEROSPACE COM NEW GE	GE	20,622,890	$7.7bn0.77%	0.77%	Reduced -3.3m	-3,287,457 -13.8%
20	INTEL CORP COM INTC	INTC	53,547,772	$7.5bn0.75%	0.75%	Added +1.5m	+1,486,726 2.9%
21	NETFLIX INC COM NFLX	NFLX	93,578,816	$6.7bn0.67%	0.67%	Reduced -5.5m	-5,452,976 -5.5%
22	CATERPILLAR INC COM CAT	CAT	6,171,628	$6.6bn0.66%	0.66%	Added +589.6k	+589,610 10.6%
23	LINDE PLC SHS LIN	LIN	11,832,240	$6.1bn0.61%	0.61%	Added +2.0m	+1,985,729 20.2%
24	JOHNSON & JOHNSON COM JNJ	JNJ	22,996,878	$5.8bn0.58%	0.58%	Added +6.5m	+6,505,745 39.5%
25	AMPHENOL CORP CL A APH	APH	32,011,336	$5.6bn0.56%	0.56%	Added +5.8m	+5,824,431 22.2%
26	CARVANA CO CL A CVNA	CVNA	84,695,539	$5.6bn0.56%	0.56%	Reduced -4.2m	-4,212,996 -4.7%
27	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	11,320,845	$5.4bn0.54%	0.54%	Added +3.2m	+3,160,741 38.7%
28	KLA CORP COM NEW KLAC	KLAC	17,577,190	$5.3bn0.53%	0.53%	Added +771.5k	+771,470 4.6%
29	CHUBB LIMITED COM CB	CB	15,345,301	$5.2bn0.52%	0.52%	Reduced -448.2k	-448,250 -2.8%
30	CISCO SYS INC COM CSCO	CSCO	43,575,065	$5.1bn0.51%	0.51%	Reduced -473.9k	-473,945 -1.1%
31	EXXON MOBIL CORP COM XOM	XOM	36,573,516	$5.0bn0.50%	0.50%	Added +3.3m	+3,288,442 9.9%
32	BANK AMERICA CORP COM BAC	BAC	87,461,776	$5.0bn0.50%	0.50%	Reduced -12.1m	-12,120,011 -12.2%
33	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	9,769,546	$4.9bn0.49%	0.49%	Reduced -54.4k	-54,384 -0.6%
34	DEERE & CO COM DE	DE	7,546,938	$4.8bn0.48%	0.48%	Reduced -337.7k	-337,724 -4.3%
35	BOOKING HOLDINGS INC COM BKNG	BKNG	26,633,093	$4.7bn0.48%	0.48%	Reduced -2.4m	-2,360,107 -8.1%
36	CONOCOPHILLIPS COM COP	COP	44,817,455	$4.7bn0.47%	0.47%	Reduced -2.5m	-2,491,251 -5.3%
37	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	11,256,570	$4.5bn0.45%	0.45%	Reduced -1.3m	-1,263,437 -10.1%
38	SOUTHERN CO COM SO	SO	46,415,904	$4.4bn0.44%	0.44%	Added +10.0m	+9,990,378 27.4%
39	T-MOBILE US INC COM TMUS	TMUS	25,481,834	$4.3bn0.43%	0.43%	Reduced -3.0m	-3,010,282 -10.6%
40	PROCTER AND GAMBLE CO COM PG	PG	28,906,005	$4.2bn0.42%	0.42%	Reduced -3.2m	-3,186,072 -9.9%
41	WELLTOWER INC COM WELL	WELL	18,490,213	$4.2bn0.42%	0.42%	Added +1.3m	+1,274,395 7.4%
42	MARVELL TECHNOLOGY INC COM MRVL	MRVL	13,833,088	$4.1bn0.41%	0.41%	Added +12.1m	+12,134,409 714.3%
43	MORGAN STANLEY COM NEW MS	MS	19,246,850	$4.0bn0.40%	0.40%	Added +2.2m	+2,232,093 13.1%
44	SCHWAB CHARLES CORP COM SCHW	SCHW	43,292,139	$4.0bn0.40%	0.40%	Reduced -5.3m	-5,345,090 -11.0%
45	ARISTA NETWORKS INC COM SHS ANET	ANET	23,227,202	$3.9bn0.39%	0.39%	Reduced -6.1m	-6,094,771 -20.8%
46	HOME DEPOT INC COM HD	HD	11,104,365	$3.9bn0.39%	0.39%	Added +906.8k	+906,793 8.9%
47	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	1,933,524	$3.8bn0.39%	0.39%	Added +395.7k	+395,692 25.7%
48	GILEAD SCIENCES INC COM GILD	GILD	29,996,694	$3.8bn0.38%	0.38%	Added +3.7m	+3,748,586 14.3%
49	STRYKER CORPORATION COM SYK	SYK	11,916,057	$3.8bn0.38%	0.38%	Added +1.9m	+1,878,920 18.7%
50	ABBVIE INC COM ABBV	ABBV	14,749,069	$3.7bn0.37%	0.37%	Added +1.7m	+1,745,080 13.4%
51	SANDISK CORP COM SNDK	SNDK	1,599,211	$3.6bn0.36%	0.36%	Added +443.5k	+443,472 38.4%
52	HOWMET AEROSPACE INC COM HWM	HWM	13,504,420	$3.6bn0.36%	0.36%	Reduced -1.9m	-1,924,569 -12.5%
53	PHILIP MORRIS INTL INC COM PM	PM	19,224,752	$3.5bn0.35%	0.35%	Reduced -132.5k	-132,458 -0.7%
54	SEA LTD SPONSORD ADS SE	SE	35,638,546	$3.4bn0.34%	0.34%	Added +2.2m	+2,227,863 6.7%
55	CSX CORP COM CSX	CSX	70,889,485	$3.4bn0.34%	0.34%	Reduced -5.3m	-5,268,968 -6.9%
56	KEYSIGHT TECHNOLOGIES INC COM KEYS	KEYS	9,614,131	$3.4bn0.34%	0.34%	Reduced -5.3m	-5,324,777 -35.6%
57	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	4,308,771	$3.3bn0.33%	0.33%	Added +156.4k	+156,385 3.8%
58	CITIGROUP INC COM NEW C	C	23,291,300	$3.3bn0.33%	0.33%	Reduced -3.1m	-3,140,343 -11.9%
59	GE VERNOVA INC COM GEV	GEV	2,715,924	$3.2bn0.32%	0.32%	Reduced -42.6k	-42,565 -1.5%
60	ASTRAZENECA PLC ORD AZN	AZN	16,616,629	$3.2bn0.32%	0.32%	Reduced -2.9m	-2,872,591 -14.7%
61	ANALOG DEVICES INC COM ADI	ADI	7,782,510	$3.1bn0.31%	0.31%	Reduced -292.2k	-292,167 -3.6%
62	VERTIV HOLDINGS CO COM CL A VRT	VRT	9,110,798	$3.1bn0.31%	0.31%	Added +1.2m	+1,249,650 15.9%
63	BLOCK INC CL A XYZ	XYZ	39,734,330	$3.0bn0.30%	0.30%	Reduced -5.5m	-5,470,818 -12.1%
64	CHEVRON CORP NEW COM CVX	CVX	17,571,723	$2.9bn0.29%	0.29%	Reduced -1.5m	-1,456,618 -7.7%
65	SCHLUMBERGER LTD COM STK SLB	SLB	61,619,448	$2.9bn0.29%	0.29%	Added +7.6m	+7,591,014 14.1%
66	ORACLE CORP COM ORCL	ORCL	19,407,007	$2.8bn0.28%	0.28%	Added +912.6k	+912,642 4.9%
67	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	24,751,765	$2.8bn0.28%	0.28%	Reduced -265.1k	-265,093 -1.1%
68	DATADOG INC CL A COM DDOG	DDOG	10,639,324	$2.8bn0.28%	0.28%	Added +257.6k	+257,599 2.5%
69	TEXAS INSTRS INC COM TXN	TXN	9,202,863	$2.7bn0.27%	0.27%	Reduced -2.5m	-2,471,628 -21.2%
70	DOORDASH INC CL A DASH	DASH	14,721,793	$2.7bn0.27%	0.27%	Added +1.2m	+1,222,396 9.1%
71	GOLDMAN SACHS GROUP INC COM GS	GS	2,616,283	$2.6bn0.26%	0.26%	Reduced -131.5k	-131,494 -4.8%
72	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	5,116,336	$2.6bn0.26%	0.26%	Reduced -1.2m	-1,199,135 -19.0%
73	COLGATE PALMOLIVE CO COM CL	CL	27,909,525	$2.6bn0.26%	0.26%	Reduced -5.8m	-5,819,640 -17.2%
74	CVS HEALTH CORP COM CVS	CVS	24,203,884	$2.5bn0.25%	0.25%	Added +420.7k	+420,739 1.8%
75	WALMART INC COM WMT	WMT	21,983,090	$2.5bn0.25%	0.25%	Added +511.9k	+511,901 2.4%
76	ARGENX SE SPONSORED ADR ARGX	ARGX	2,678,047	$2.5bn0.25%	0.25%	Reduced -696.9k	-696,908 -20.6%
77	COCA COLA CO COM KO	KO	30,513,317	$2.5bn0.25%	0.25%	Added +2.5m	+2,476,475 8.8%
78	APPLOVIN CORP COM CL A APP	APP	4,773,100	$2.5bn0.25%	0.25%	Reduced -661.6k	-661,626 -12.2%
79	NATERA INC COM NTRA	NTRA	9,021,895	$2.4bn0.25%	0.25%	Reduced -3.2m	-3,162,981 -26.0%
80	MCDONALDS CORP COM MCD	MCD	9,024,883	$2.4bn0.24%	0.24%	Reduced -710.1k	-710,071 -7.3%
81	BOEING CO COM BA	BA	11,083,202	$2.4bn0.24%	0.24%	Reduced -789.1k	-789,121 -6.7%
82	MERCK & CO INC COM MRK	MRK	18,518,796	$2.4bn0.24%	0.24%	Reduced -4.5m	-4,524,046 -19.6%
83	AMERICAN EXPRESS CO COM AXP	AXP	7,005,840	$2.4bn0.24%	0.24%	Added +13.1k	+13,100 0.2%
84	QUALCOMM INC COM QCOM	QCOM	12,624,030	$2.3bn0.23%	0.23%	Added +5.1m	+5,073,389 67.2%
85	AMEREN CORP COM AEE	AEE	20,636,717	$2.3bn0.23%	0.23%	Reduced -724.9k	-724,907 -3.4%
86	ENTEGRIS INC COM ENTG	ENTG	12,801,259	$2.3bn0.23%	0.23%	Added +1.2m	+1,182,441 10.2%
87	MARSH & MCLENNAN COS INC COM MRSH	MRSH	13,438,662	$2.2bn0.22%	0.22%	Added +2.5m	+2,462,376 22.4%
88	INGERSOLL RAND INC COM IR	IR	27,030,168	$2.2bn0.22%	0.22%	Added +6.7m	+6,700,975 33.0%
89	FIFTH THIRD BANCORP COM FITB	FITB	39,099,722	$2.2bn0.22%	0.22%	Reduced -7.1m	-7,050,565 -15.3%
90	DANAHER CORPORATION COM DHR	DHR	11,450,715	$2.2bn0.22%	0.22%	Reduced -3.9m	-3,902,172 -25.4%
91	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	9,783,717	$2.1bn0.21%	0.21%	Reduced -2.5m	-2,542,166 -20.6%
92	TELEDYNE TECHNOLOGIES INC COM TDY	TDY	3,169,159	$2.1bn0.21%	0.21%	Reduced -263.0k	-262,992 -7.7%
93	LATTICE SEMICONDUCTOR CORP COM LSCC	LSCC	13,584,962	$2.1bn0.21%	0.21%	Reduced -2.5m	-2,498,515 -15.5%
94	ABBOTT LABS COM ABT	ABT	22,787,202	$2.1bn0.21%	0.21%	Added +5.5m	+5,509,990 31.9%
95	CENCORA INC COM COR	COR	7,132,687	$2.0bn0.20%	0.20%	Reduced -191.0k	-191,019 -2.6%
96	CIENA CORP COM NEW CIEN	CIEN	4,071,401	$2.0bn0.20%	0.20%	Reduced -1.2m	-1,171,401 -22.3%
97	WABTEC COM WAB	WAB	7,271,071	$2.0bn0.20%	0.20%	Reduced -731.8k	-731,761 -9.1%
98	MERCADOLIBRE INC COM MELI	MELI	1,146,367	$1.9bn0.19%	0.19%	Reduced -91.0k	-90,953 -7.3%
99	COSTCO WHSL CORP NEW COM COST	COST	2,063,521	$1.9bn0.19%	0.19%	Reduced -512.5k	-512,519 -19.9%
100	PARKER-HANNIFIN CORP COM PH	PH	1,954,173	$1.9bn0.19%	0.19%	Added +23.1k	+23,146 1.2%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		1,135,903	$513.5m1.1m shares
MARQETA INC		53,150,486	$216.9m53.2m shares
DUPONT DE NEMOURS INC DWDP	DWDP	1,262,102	$173.4m1.3m shares
SIBANYE STILLWATER LTD SBSW	SBSW	3,278,887	$40.4m3.3m shares
COTERRA ENERGY INC CTRA	CTRA	1,127,440	$39.6m1.1m shares
SOLENO THERAPEUTICS INC SLNO	SLNO	1,025,937	$34.4m1.0m shares
TERNS PHARMACEUTICALS INC		634,496	$33.5m634.5k shares
CAMTEK LTD CAMT	CAMT	182,230	$27.6m182.2k shares
HOLOGIC INC HOLX	HOLX	353,877	$26.8m353.9k shares
WOLFSPEED INC WOLF 2.5 06.15.31	WOLF 2.5 06.15.31	14,933,000	$21.6m14.9m shares
SOCIEDAD QUIMICA Y MINERA DE SQM	SQM	234,076	$18.9m234.1k shares
JD.COM INC JD 0.25 06.01.29	JD 0.25 06.01.29	14,610,000	$14.6m14.6m shares
PAN AMERN SILVER CORP PAAS	PAAS	189,846	$10.4m189.8k shares
THERMON GROUP HLDGS INC		195,526	$9.9m195.5k shares
ISHARES INC RING	RING	109,182	$8.6m109.2k shares
CLEARWATER ANALYTICS HLDGS I		349,732	$8.3m349.7k shares
MASIMO CORP MASI	MASI	45,830	$8.2m45.8k shares
SEALED AIR CORP NEW		153,123	$6.4m153.1k shares
AIR LEASE CORP AL	AL	96,746	$6.3m96.7k shares
KLARNA GROUP PLC KLAR	KLAR	477,206	$6.2m477.2k shares
ZAI LAB LTD ZLAB	ZLAB	291,639	$5.5m291.6k shares
ARCELLX INC ACLX	ACLX	45,954	$5.3m46.0k shares
TRI POINTE HOMES INC TPH	TPH	106,145	$5.0m106.1k shares
AMICUS THERAPEUTICS INC FOLD	FOLD	339,363	$4.9m339.4k shares
APELLIS PHARMACEUTICALS INC APLS	APLS	106,908	$4.3m106.9k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on. The largest 25 of 113.

Company	Ticker	Stake	Change	Schedule	Last filed
HMH HLDG INC HMH · 13G · filed 2026-08-07	HMH	24.4%≈ $52.3m	new	13G	2026-08-07
BETA BIONICS INC BBNX · 13G · filed 2026-10-07	BBNX	16.6%≈ $128.7m	new	13G	2026-10-07
URANIUM ENERGY CORP UEC · 13G · filed 2026-05-15	UEC	15.5%≈ $811.5m	+2.7 pts	13G	2026-05-15
CI&T INC CINT · 13G · filed 2025-05-14	CINT	15.3%≈ $11.5m		13G	2025-05-14
ADVANCE AUTO PARTS INC AAP · 13G · filed 2026-08-14	AAP	14.0%≈ $524.4m	+1.5 pts	13G	2026-08-14
STANDARDAERO INC SARO · 13G · filed 2026-08-14	SARO	13.6%≈ $1.4bn	+1.9 pts	13G	2026-08-14
MIDDLEBY CORP MIDD · 13G · filed 2026-05-15	MIDD	13.6%≈ $1.1bn	+2.1 pts	13G	2026-05-15
TRADEWEB MKTS INC TW · 13G · filed 2026-02-17	TW	13.6%≈ $1.6bn	+3.2 pts	13G	2026-02-17
ESAB CORPORATION ESAB · 13G · filed 2026-08-14	ESAB	13.3%≈ $801.6m	+2.4 pts	13G	2026-08-14
SAMSARA INC IOT · 13G · filed 2026-08-14	IOT	13.1%≈ $1.6bn	+3.1 pts	13G	2026-08-14
CONCENTRA GROUP HOLDINGS PAR CON · 13G · filed 2026-02-17	CON	13.1%≈ $501.1m	-0.3 pts	13G	2026-02-17
SHOALS TECHNOLOGIES GROUP IN SHLS · 13G · filed 2026-08-14	SHLS	12.9%≈ $213.9m	+1.8 pts	13G	2026-08-14
VICOR CORP VICR · 13G · filed 2026-09-08	VICR	12.8%≈ $1.7bn	+5.8 pts	13G	2026-09-08
REXFORD INDL RLTY INC REXR · 13G · filed 2026-05-15	REXR	12.6%≈ $978.7m	+1.4 pts	13G	2026-05-15
CARVANA CO CVNA · 13G · filed 2026-02-17	CVNA	12.6%≈ $1.2bn		13G	2026-02-17
EXPRO GROUP HOLDINGS NV 96779EUR · 13G · filed 2026-08-14	96779EUR	12.5%≈ $209.2m	+1.8 pts	13G	2026-08-14
REVVITY INC RVTY · 13G · filed 2026-10-07	RVTY	11.8%≈ $1.5bn	+6.8 pts	13G	2026-10-07
LATTICE SEMICONDUCTOR CORP LSCC · 13G · filed 2026-05-15	LSCC	11.8%≈ $2.5bn	-1.4 pts	13G	2026-05-15
10X GENOMICS INC TXG · 13G · filed 2026-09-08	TXG	11.7%≈ $538.4m	new	13G	2026-09-08
MARQETA INC 13G · filed 2026-08-14		11.6%≈ $184.7m	-1.3 pts	13G	2026-08-14
WOLFSPEED INC WOLF · 13G · filed 2026-08-14	WOLF	11.1%≈ $294.2m	-1.5 pts	13G	2026-08-14
KNIFE RIVER CORP KNF · 13G · filed 2026-10-07	KNF	10.8%≈ $513.1m	+1.8 pts	13G	2026-10-07
KYMERA THERAPEUTICS INC KYMR · 13G · filed 2026-09-08	KYMR	10.7%≈ $1.0bn	+2.1 pts	13G	2026-09-08
MONTE ROSA THERAPEUTICS INC GLUE · 13G · filed 2026-07-08	GLUE	10.5%≈ $214.4m	+3.0 pts	13G	2026-07-08
IGM BIOSCIENCES INC IGMS · 13G · filed 2025-02-14	IGMS	10.5%	+10.3 pts	13G	2025-02-14