T. Rowe Price Investment Management, Inc.
Long book
$145.10B
Q1 2026
Positions
641
Top-10 weight
23%
concentration
Last quarter
+14.4%
SPY +14.8%
Turnover
41%
of book per quarter
Strategy in plain words
auto-generated from filingsT. Rowe Price Investment Management, Inc. is an active long-only manager, running a $145.10B US long book across 641 positions.
The portfolio is broadly diversified across 641 positions (top 10 only 23%). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: AMAZON.COM INC, MICROSOFT CORP, APPLE INC, META PLATFORMS INC-CLASS A, NVIDIA CORP.
Over the last 9 quarters its long book ran on average 1.9pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.5%
Q2 2024
+7.2%
Q3 2024
-0.0%
Q4 2024
-5.2%
Q1 2025
+7.0%
Q2 2025
+4.8%
Q3 2025
+1.3%
Q4 2025
-4.2%
Q1 2026
+14.4%
Sector allocation
Technology 29%
Healthcare 17%
Consumer discretionary 12%
Services media 9%
Industrials 9%
Financials 9%
Utilities 6%
Other 3%
Long book by quarter
What does T. Rowe own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 24.9M | $5.20B | 3.6% | -18.1% |
| MSFT MICROSOFT CORP | Technology | 12.7M | $4.72B | 3.3% | -31.2% |
| AAPL APPLE INC | Technology | 15.7M | $3.98B | 2.7% | -44.6% |
| META META PLATFORMS INC-CLASS A | Technology | 6.9M | $3.93B | 2.7% | +37.2% |
| NVDA NVIDIA CORP | Technology | 19.4M | $3.39B | 2.3% | -57.7% |
| PTC PTC INC | Technology | 19.1M | $2.72B | 1.9% | -38.9% |
| CNP CENTERPOINT ENERGY INC | Utilities | 59.3M | $2.56B | 1.8% | -40.7% |
| GOOGL ALPHABET INC-CL A | Technology | 8.8M | $2.54B | 1.8% | -62.5% |
| NI NISOURCE INC | Utilities | 49.8M | $2.32B | 1.6% | -43.6% |
| COR CENCORA INC | Consumer discretionary | 6.3M | $1.98B | 1.4% | -44.6% |
| AVGO BROADCOM INC | Technology | 6.4M | $1.97B | 1.4% | -32.4% |
| RVTY REVVITY INC | Healthcare | 22.2M | $1.94B | 1.3% | -42.0% |
| ALNY ALNYLAM PHARMACEUTICALS INC | Healthcare | 5.2M | $1.72B | 1.2% | +78.8% |
| YUM YUM! BRANDS INC | Consumer discretionary | 9.9M | $1.54B | 1.1% | -61.9% |
| AMD ADVANCED MICRO DEVICES | Technology | 7.5M | $1.52B | 1.0% | -48.0% |
| BDX BECTON DICKINSON AND CO | Healthcare | 9.7M | $1.52B | 1.0% | -60.6% |
| LSCC LATTICE SEMICONDUCTOR CORP | Technology | 16.2M | $1.51B | 1.0% | -45.4% |
| IR INGERSOLL-RAND INC | Industrials | 17.8M | $1.43B | 1.0% | -51.8% |
| ASND ASCENDIS PHARMA A/S | Healthcare | 6.2M | $1.41B | 1.0% | New |
| WAT WATERS CORP | Healthcare | 4.7M | $1.39B | 1.0% | +1728.3% |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 4.3M | $1.31B | 0.9% | -42.7% |
| AUR AURORA INNOVATION INC | Technology | 292.0M | $1.20B | 0.8% | -36.6% |
| SBUX STARBUCKS CORP | Consumer discretionary | 13.1M | $1.17B | 0.8% | -60.8% |
| FTI TECHNIPFMC PLC | Industrials | 16.7M | $1.16B | 0.8% | -53.5% |
| CYTK CYTOKINETICS INC | Healthcare | 17.5M | $1.15B | 0.8% | -35.4% |
| MA MASTERCARD INC - A | Services media | 2.1M | $1.04B | 0.7% | -51.8% |
| A AGILENT TECHNOLOGIES INC | Healthcare | 9.0M | $1.02B | 0.7% | -33.2% |
| MTSI MACOM TECHNOLOGY SOLUTIONS H | Technology | 4.5M | $996.2M | 0.7% | -45.5% |
| LLYVK LIBERTY LIVE HOLDINGS-C | Services media | 10.6M | $994.4M | 0.7% | -23.5% |
| KDP KEURIG DR PEPPER INC | Consumer staples | 37.3M | $982.1M | 0.7% | -16.5% |
| LLY ELI LILLY & CO | Healthcare | 1.0M | $944.2M | 0.7% | -45.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 3.5M | $934.9M | 0.6% | -50.9% |
| MTD METTLER-TOLEDO INTERNATIONAL | Healthcare | 732.1K | $923.3M | 0.6% | -36.1% |
| VIK VIKING HOLDINGS LTD | Industrials | 12.6M | $922.2M | 0.6% | -39.6% |
| BURL BURLINGTON STORES INC | Consumer discretionary | 2.8M | $910.5M | 0.6% | -38.5% |
| APGE APOGEE THERAPEUTICS INC | Healthcare | 10.3M | $867.0M | 0.6% | +140.2% |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 3.1M | $866.5M | 0.6% | -41.7% |
| PLNT PLANET FITNESS INC - CL A | Services media | 11.6M | $865.2M | 0.6% | -17.7% |
| ELAN ELANCO ANIMAL HEALTH INC | Healthcare | 34.6M | $828.8M | 0.6% | -33.3% |
| AEE AMEREN CORPORATION | Utilities | 7.5M | $828.2M | 0.6% | -72.3% |
| MSCI MSCI INC | Services media | 1.5M | $812.4M | 0.6% | -37.3% |
| JPM JPMORGAN CHASE & CO | Financials | 2.7M | $798.0M | 0.5% | +519.7% |
| PPL PPL CORP | Utilities | 20.7M | $792.5M | 0.5% | -70.0% |
| MPWR MONOLITHIC POWER SYSTEMS INC | Technology | 721.6K | $789.0M | 0.5% | -39.9% |
| ESAB ESAB CORP | Industrials | 8.2M | $788.5M | 0.5% | -30.8% |
| NYT NEW YORK TIMES CO-A | Other | 9.4M | $783.8M | 0.5% | -44.5% |
| V VISA INC-CLASS A SHARES | Services media | 2.6M | $775.6M | 0.5% | -61.1% |
| DASH DOORDASH INC - A | Services media | 5.1M | $764.4M | 0.5% | +419.0% |
| NFLX NETFLIX INC | Services media | 7.6M | $731.0M | 0.5% | New |
| DHR DANAHER CORP | Technology | 3.8M | $717.6M | 0.5% | +86.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 643 | $145.22B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR/ANEW HOLDINGS | Feb 19, 2026 | 901 | $158.43B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 876 | $94.40B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 879 | $163.59B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 684 | $158.37B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 657 | $151.17B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 633 | $162.11B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 622 | $165.83B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 620 | $158.45B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 620 | $163.45B | $K fixed canonical | SEC ↗ |