T. Rowe Price Investment Management, Inc.
"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 anyway. Buying this fund's new positions the day each filing went public, over 14 quarters, returned +2.5% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 35.7% of quarters (excess t = 1.48, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry after the actual SEC deadline plus a 2-day buffer
Top 20 holdings of 738 · 2026 Q2
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| AMZN | $4.0B | | TRIM −34% |
| MSFT | $3.9B | | TRIM −17% |
| NVDA | $3.4B | | TRIM −13% |
| GOOGL | $3.0B | | TRIM −5% |
| AVGO | $3.0B | | ADD +23% |
| CNP | $2.9B | | ADD +12% |
| META | $2.6B | | TRIM −32% |
| AMD | $2.2B | | TRIM −49% |
| AAPL | $2.2B | | TRIM −52% |
| COR | $2.1B | | ADD +18% |
| AUR | $2.0B | | ADD +3% |
| RVTY | $2.0B | | TRIM −18% |
| MA | $1.8B | | ADD +65% |
| GOOG | $1.7B | | ADD ×214.9 |
| ALNY | $1.7B | | ADD +9% |
| YUM | $1.6B | | ADD +4% |
| CYTK | $1.6B | | ADD +7% |
| PTC | $1.5B | | TRIM −32% |
| WAT | $1.4B | | TRIM −18% |
| NI | $1.4B | | TRIM −40% |
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.