PRICE T ROWE ASSOCIATES INC /MD/
Long book
$862.73B
Q1 2026
Positions
3111
Top-10 weight
34%
concentration
Last quarter
+14.5%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsPRICE T ROWE ASSOCIATES INC /MD/ is a mechanically diversified allocator, running a $862.73B US long book across 3111 positions.
The portfolio is moderately concentrated (top 10 ≈ 34% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, BROADCOM INC, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 1 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.1%
Q2 2024
+4.9%
Q3 2024
+2.0%
Q4 2024
-4.4%
Q1 2025
+10.9%
Q2 2025
+7.0%
Q3 2025
+2.1%
Q4 2025
-5.1%
Q1 2026
+14.5%
Sector allocation
Technology 42%
Industrials 10%
Financials 10%
Healthcare 9%
Consumer discretionary 8%
Services media 6%
Energy 4%
Other 3%
Long book by quarter
What does PRICE T own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 370.1M | $64.55B | 7.5% | -0.8% |
| AAPL APPLE INC | Technology | 200.4M | $50.87B | 5.9% | -1.5% |
| MSFT MICROSOFT CORP | Technology | 117.2M | $43.40B | 5.0% | -6.7% |
| AVGO BROADCOM INC | Technology | 84.5M | $26.14B | 3.0% | -1.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 123.0M | $25.62B | 3.0% | -6.1% |
| GOOGL ALPHABET INC-CL A | Technology | 80.5M | $23.15B | 2.7% | -4.1% |
| GOOG ALPHABET INC-CL C | Technology | 67.8M | $19.46B | 2.3% | -3.5% |
| META META PLATFORMS INC-CLASS A | Technology | 33.0M | $18.87B | 2.2% | -6.1% |
| LLY ELI LILLY & CO | Healthcare | 14.0M | $12.87B | 1.5% | -6.2% |
| V VISA INC-CLASS A SHARES | Services media | 41.1M | $12.41B | 1.4% | 0.0% |
| NFLX NETFLIX INC | Services media | 99.0M | $9.52B | 1.1% | +15.1% |
| MA MASTERCARD INC - A | Services media | 18.6M | $9.28B | 1.1% | -2.5% |
| TSLA TESLA INC | Industrials | 24.8M | $9.22B | 1.1% | -3.1% |
| JPM JPMORGAN CHASE & CO | Financials | 27.5M | $8.09B | 0.9% | -1.6% |
| GE GENERAL ELECTRIC | Industrials | 23.9M | $6.79B | 0.8% | -11.3% |
| COP CONOCOPHILLIPS | Energy | 47.3M | $6.24B | 0.7% | +7.9% |
| TMUS T-MOBILE US INC | Communications | 28.5M | $5.98B | 0.7% | +2.5% |
| AMD ADVANCED MICRO DEVICES | Technology | 28.8M | $5.87B | 0.7% | +41.9% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 12.5M | $5.77B | 0.7% | -0.3% |
| UNH UNITEDHEALTH GROUP INC | Financials | 20.9M | $5.65B | 0.7% | +10.9% |
| XOM EXXON MOBIL CORP | Energy | 33.3M | $5.65B | 0.7% | +7.2% |
| CVNA CARVANA CO | Consumer discretionary | 17.8M | $5.59B | 0.6% | +0.3% |
| CB CHUBB LTD | Financials | 15.8M | $5.15B | 0.6% | +5.7% |
| BKNG BOOKING HOLDINGS INC | Industrials | 1.2M | $4.88B | 0.6% | +20.0% |
| LIN LINDE PLC | Materials | 9.8M | $4.88B | 0.6% | +0.6% |
| BAC BANK OF AMERICA CORP | Financials | 99.6M | $4.85B | 0.6% | -6.6% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 9.8M | $4.71B | 0.5% | -0.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 32.1M | $4.64B | 0.5% | +8.4% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 48.6M | $4.57B | 0.5% | -0.9% |
| DE DEERE & CO | Industrials | 7.9M | $4.44B | 0.5% | +2.5% |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 14.9M | $4.22B | 0.5% | -14.2% |
| JNJ JOHNSON & JOHNSON | Healthcare | 16.5M | $4.03B | 0.5% | +32.7% |
| CAT CATERPILLAR INC | Industrials | 5.6M | $3.95B | 0.5% | -6.9% |
| CVX CHEVRON CORP | Energy | 19.0M | $3.94B | 0.5% | +0.7% |
| AZN ASTRAZENECA PLC | Healthcare | 19.5M | $3.84B | 0.4% | New |
| GILD GILEAD SCIENCES INC | Healthcare | 26.2M | $3.66B | 0.4% | -5.2% |
| ANET ARISTA NETWORKS INC | Technology | 29.3M | $3.60B | 0.4% | -21.1% |
| NOW SERVICENOW INC | Technology | 34.1M | $3.57B | 0.4% | +5.3% |
| HWM HOWMET AEROSPACE INC | Industrials | 15.4M | $3.56B | 0.4% | -7.2% |
| SO SOUTHERN CO/THE | Utilities | 36.4M | $3.52B | 0.4% | +5.7% |
| CSCO CISCO SYSTEMS INC | Technology | 44.0M | $3.42B | 0.4% | +50.4% |
| HD HOME DEPOT INC | Consumer discretionary | 10.2M | $3.35B | 0.4% | -3.9% |
| APH AMPHENOL CORP-CL A | Technology | 26.2M | $3.31B | 0.4% | -30.9% |
| SYK STRYKER CORP | Healthcare | 10.0M | $3.30B | 0.4% | -0.8% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 19.4M | $3.20B | 0.4% | +36.7% |
| CSX CSX CORP | Industrials | 76.2M | $3.13B | 0.4% | +8.1% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 6.3M | $3.10B | 0.4% | -18.0% |
| MCD MCDONALD'S CORP | Consumer discretionary | 9.7M | $3.03B | 0.4% | +2.7% |
| C CITIGROUP INC | Financials | 26.4M | $3.00B | 0.3% | -22.5% |
| SHOP SHOPIFY INC - CLASS A | Technology | 25.0M | $2.97B | 0.3% | +6.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 4549 | $864.93B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 4532 | $927.46B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 4545 | $934.71B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 4479 | $882.77B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 4508 | $811.62B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 4519 | $867.46B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 4516 | $868.56B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 4459 | $835.67B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 4417 | $815.87B | $K fixed canonical | SEC ↗ |
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