T. Rowe Price Investment Management2026-Q1
T. Rowe Price Investment Management, Inc. reported 2026-Q1 13F holdings of 643 positions, down from 901, with turnover rising to 0.430439 from 0.320505. META was the largest disclosed add by portfolio weight, moving from 1.21% to 2.70%.
| Ticker | Action | Value ($) | % of Portfolio |
|---|---|---|---|
| — | new_buy | 1409444000 | 0.97 |
| NFLX | new_buy | $731.0M | 0.50% |
| PNFP | new_buy | $426.6M | 0.29% |
| KKR | sold_out | $1.10B | 0.69% |
| CCC | sold_out | $593.6M | 0.37% |
| HO1 | sold_out | $441.9M | 0.28% |
| ROP | sold_out | $406.4M | 0.26% |
| PNW | sold_out | $365.3M | 0.23% |
| ASND | sold_out | $355.6M | 0.22% |
| EXE | sold_out | $313.9M | 0.20% |
| MASI* | sold_out | $303.1M | 0.19% |
The first row is a new_buy with no ticker disclosed in the filing. For sold_out rows, value and weight are prior-quarter figures.
| Ticker | Action | Value Change | Weight Change (pts) |
|---|---|---|---|
| META | add | +$2.01B | +1.49pts |
| WAT | add | +$1.34B | +0.93pts |
| AMZN | add | +$1.10B | +0.99pts |
| ALNY | add | +$1.02B | +0.74pts |
| JPM | add | +$722.3M | +0.50pts |
| APGE | add | +$660.8M | +0.47pts |
| DASH | add | +$638.2M | +0.45pts |
| MSFT | add | -$497.4M — shares were added (real buying), but the dollar value fell because the stock price dropped more than the added shares were worth — NOT a sell | -0.04pts |
| PTC | add | -$479.9M — shares were added (real buying), but the dollar value fell because the stock price dropped more than the added shares were worth — NOT a sell | -0.15pts |
| USFD | add | +$479.0M | +0.33pts |
| DHR | add | +$444.5M | +0.32pts |
| CGON | add | +$437.3M | +0.30pts |
| KYMR | add | +$406.2M | +0.28pts |
| PODD | add | +$380.9M | +0.26pts |
| CNP | add | +$324.4M | +0.35pts |
| SLB | add | +$304.6M | +0.21pts |
| ABT | trim | -$1.96B | -1.21pts |
| GOOGL | trim | -$1.76B | -0.96pts |
| NVDA | trim | -$1.60B | -0.82pts |
| AJG | trim | -$1.31B | -0.81pts |
| APH | trim | -$1.29B | -0.81pts |
| BDX | trim | -$1.27B | -0.71pts |
| WTW | trim | -$955.5M | -0.59pts |
| YUM | trim | -$788.3M | -0.41pts |
| AEE | trim | -$758.2M | -0.43pts |
| TMO | trim | -$702.8M | -0.44pts |
| PPL | trim | -$620.8M | -0.34pts |
| SPGI | trim | -$612.8M | -0.38pts |
| V | trim | -$573.1M | -0.32pts |
| CNQ | trim | -$560.7M | -0.32pts |
| MCK | trim | -$518.9M | -0.33pts |
| AAPL | trim | -$499.9M | -0.09pts |
| SBUX | trim | -$467.6M | -0.22pts |
| CRM | trim | -$438.7M | -0.28pts |
| ACLXGBX | trim | -$429.5M | -0.25pts |
| UNH | trim | -$421.5M | -0.22pts |
| MA | trim | -$399.0M | -0.19pts |
| TSM | trim | -$395.9M | -0.23pts |
| WDAY | trim | -$340.3M | -0.20pts |
The negative value deltas on MSFT and PTC are the only add rows where price declines exceeded the added share value.
| Metric | This Quarter | Prior Quarter |
|---|---|---|
| Holding count | 643 | 901 |
| Turnover ratio | 0.430439 | 0.320505 |
| HHI | 0.009263 | 0.009365 |
| Mapped value ratio | 0.8646808158776965 | 0.8795391960294204 |
| Momentum tilt (pct pts) | 0.066362 | 0.103633 |
| Coefficient of variation | 2.227925 | 2.72884 |
| Sector – Information Technology | 0.2484 | 0.2717 |
| Sector – Health Care | 0.1641 | 0.1765 |
| Sector – Consumer Discretionary | 0.1607 | 0.145 |
| Sector – Industrials | 0.1125 | 0.0965 |
| Sector – Financials | 0.0876 | 0.1156 |
| Sector – Communication Services | 0.0751 | 0.0619 |
| Sector – Utilities | 0.0618 | 0.0614 |
| Sector – Energy | 0.0447 | 0.0327 |
| Sector – Consumer Staples | 0.0223 | 0.0165 |
| Sector – Materials | 0.0127 | 0.0115 |
| Sector – Real Estate | 0.0101 | 0.0105 |
Bottom Line: The quarter is a consolidation of the book: holdings fell from 901 to 643 while turnover rose. The largest allocations flowed into META, AMZN, WAT, and ALNY, while trims reduced ABT, GOOGL, NVDA, BDX, and YUM. Sector weights moved out of Information Technology and Health Care and into Consumer Discretionary, Communication Services, Industrials, and Energy. MSFT and PTC were adds on share count but ended lower in dollar value because price declines outweighed the added shares.