PRICE T ROWE ASSOCIATES INC /MD/
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it. Buying this fund's new positions the day each filing went public, over 51 quarters, returned +3.3% per quarter versus +2.0% from owning every 13F stock, beating that baseline in 54.9% of quarters (excess t = 2.07, statistically significant). Caveat: across all 5,072 funds we tested, past performance shows near-zero persistence (rank correlation −0.018) — with thousands of funds, some will look significant by chance alone.
Quarterly compounding, invested quarters only · entry after the actual SEC deadline plus a 2-day buffer
Top 20 holdings of 3241 · 2026 Q2
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| NVDA | $74.0B | | HOLD |
| AAPL | $46.2B | | TRIM −20% |
| GOOGL | $36.2B | | ADD +26% |
| MSFT | $32.6B | | TRIM −26% |
| AVGO | $31.3B | | HOLD |
| AMZN | $26.0B | | TRIM −12% |
| GOOG | $20.9B | | TRIM −13% |
| AMD | $20.9B | | ADD +25% |
| META | $17.3B | | TRIM −7% |
| LLY | $16.7B | | HOLD |
| MU | $16.4B | | ADD ×2.7 |
| V | $12.2B | | TRIM −14% |
| LRCX | $10.7B | | ADD +86% |
| TSLA | $10.6B | | HOLD |
| UNH | $9.6B | | ADD +11% |
| MA | $9.5B | | HOLD |
| AMAT | $9.1B | | ADD ×2.1 |
| JPM | $9.1B | | HOLD |
| GE | $7.7B | | TRIM −14% |
| INTC | $7.5B | | ADD +3% |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q2
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry is the first trading session after the actual SEC filing deadline plus a 2-day buffer. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.