T. Rowe Price Investment Management, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), T. Rowe Price Investment Management, Inc. reported 655 stock positions worth $151.0 billion. Its top holding was Microsoft (MSFT) at 3.8% of the portfolio, followed by PTC (PTC, 2.1%) and Amazon.com (AMZN, 2.0%). Compared with Q4 2024, it opened 74 new positions, sold out of 50, added to 322 and reduced 258. The biggest buy was Microsoft (MSFT, shares +23%) and the biggest sale Marvell Technology (MRVL, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- BALTIMORE, MD
- CIK
- 0001897612
- Portfolio Value
- $151.0B (Q1 2025)
- SEC Filing
- 0000080255-25-000283 ↗ filed May 14, 2025
Holdings Value
Holdings 655 stocks · $151.0B
| MSFT Microsoft Corp. | 3.78% | 15,199,824 | $5.7B | Add +22.7% |
| PTC PTC Inc. | 2.08% | 20,312,856 | $3.1B | Add +17.7% |
| AMZN Amazon.com Inc. | 2.04% | 16,159,033 | $3.1B | Add +5.8% |
| ROP Roper Technologies Inc. | 2.02% | 5,171,740 | $3.0B | Add +0.4% |
| BDX Becton Dickinson and Co. | 1.91% | 12,575,351 | $2.9B | Add +3.7% |
| FTV Fortive Corp. | 1.79% | 37,012,836 | $2.7B | Reduce -13.8% |
| NVDA Nvidia Corp. | 1.76% | 24,594,723 | $2.7B | Add +16.6% |
| RVTY Revvity Inc. | 1.58% | 22,515,711 | $2.4B | Add +8.4% |
| MCK McKesson Corp. | 1.26% | 2,831,365 | $1.9B | Reduce -0.6% |
| CNP Centerpoint Energy Inc. | 1.11% | 46,093,869 | $1.7B | Reduce -1.2% |
| AAPL Apple Inc. | 1.06% | 7,174,466 | $1.6B | Reduce -9.9% |
| DHR Danaher Corp. | 1.03% | 7,567,974 | $1.6B | Reduce -2.6% |
| UNH Unitedhealth Group Inc. | 1.00% | 2,876,502 | $1.5B | Reduce -39.9% |
| YUM Yum! Brands Inc. | 0.97% | 9,277,550 | $1.5B | Reduce -10.6% |
| AUR Aurora Innovation Inc. | 0.95% | 213,655,720 | $1.4B | Reduce -3.3% |
| IR Ingersoll-Rand Inc. | 0.94% | 17,826,488 | $1.4B | Add +28.8% |
| GOOGL Alphabet Inc. Class A | 0.92% | 8,937,736 | $1.4B | Reduce -20.6% |
| CNQ Canadian Natural Resources | 0.90% | 43,968,120 | $1.4B | Add +29.1% |
| AEE Ameren Corporation | 0.87% | 13,016,047 | $1.3B | Reduce -23.6% |
| FTI Technipfmc PLC | 0.85% | 40,296,788 | $1.3B | Reduce -4.4% |
| VEEV Veeva Systems Inc. Class A | 0.80% | 5,203,867 | $1.2B | Add +0.7% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.79% | 4,418,145 | $1.2B | Add +0.8% |
| LSCC Lattice Semiconductor Corp. | 0.73% | 21,153,062 | $1.1B | Reduce -1.8% |
| META Meta Platforms Inc. Class A | 0.73% | 1,914,535 | $1.1B | Reduce -6.4% |
| APH Amphenol Corp. Class A | 0.73% | 16,743,239 | $1.1B | Add +196.3% |
| HOLX Hologic Inc. | 0.72% | 17,688,478 | $1.1B | Reduce -1.4% |
| AMD Advanced Micro Devices | 0.71% | 10,413,139 | $1.1B | Add +131.5% |
| LNG Cheniere Energy Inc. | 0.70% | 4,595,298 | $1.1B | Reduce -4.2% |
| MRVL Marvell Technology Inc. | 0.70% | 17,244,465 | $1.1B | Reduce -18.4% |
| ABT Abbott Laboratories | 0.70% | 7,953,392 | $1.1B | Reduce -4.8% |
| VLTO Veralto Corp. | 0.68% | 10,541,438 | $1.0B | Add +8.3% |
| TMO Thermo Fisher Scientific Inc. | 0.64% | 1,942,745 | $966.7M | Reduce -37.0% |
| WTW Willis Towers Watson PLC | 0.64% | 2,856,440 | $965.3M | Add +2.4% |
| DPZ Domino's Pizza Inc. | 0.64% | 2,097,264 | $963.6M | Reduce -20.1% |
| NI Nisource Inc. | 0.64% | 24,020,859 | $963.0M | Add +12.4% |
| RTX RTX Corp. | 0.63% | 7,160,967 | $948.5M | Reduce -31.9% |
| WCN Waste Connections Inc. | 0.63% | 4,849,878 | $946.6M | Reduce -20.4% |
| ESAB Esab Corp. | 0.62% | 8,015,180 | $933.8M | Reduce -9.9% |
| LLY Eli Lilly & Co. | 0.61% | 1,115,376 | $921.2M | Add +41.0% |
| CBOE Cboe Global Markets Inc. | 0.61% | 4,069,233 | $920.8M | Add +1.4% |
| TYL Tyler Technologies Inc. | 0.61% | 1,583,197 | $920.5M | Add +0.2% |
| AIZ Assurant Inc. | 0.61% | 4,381,121 | $918.9M | Reduce -13.1% |
| A Agilent Technologies Inc. | 0.59% | 7,599,291 | $889.0M | Reduce -7.7% |
| WDAY Workday Inc. Class A | 0.58% | 3,764,598 | $879.1M | Add +47.5% |
| ADSK Autodesk Inc. | 0.58% | 3,318,319 | $868.7M | Add +44.1% |
| CI The Cigna Group | 0.57% | 2,622,959 | $863.0M | Reduce -0.0% |
| INTU Intuit Inc. | 0.57% | 1,400,377 | $859.8M | Reduce -22.4% |
| TFX Teleflex Inc. | 0.57% | 6,216,763 | $859.1M | Add +0.7% |
| TXT Textron Inc. | 0.55% | 11,410,481 | $824.4M | Add +0.7% |
| PLNT Planet Fitness Inc. Class A | 0.54% | 8,407,128 | $812.2M | Add +6.3% |
| HLT Hilton Worldwide Holdings Inc. | 0.54% | 3,565,627 | $811.4M | Reduce -38.5% |
| MCHP Microchip Technology Inc. | 0.53% | 16,630,574 | $805.1M | Add +0.9% |
| CASY Casey's General Stores Inc. | 0.50% | 1,753,770 | $761.2M | Reduce -1.3% |
| AVY Avery Dennison Corp. | 0.50% | 4,249,377 | $756.3M | Add +0.6% |
| DLTR Dollar Tree Inc. | 0.50% | 9,994,978 | $750.3M | Add +0.8% |
| PCTY Paylocity Holding Corp. | 0.49% | 3,987,037 | $746.9M | Add +0.3% |
| FWONK Liberty Media Corp. Class C | 0.49% | 8,242,917 | $741.9M | Add +0.7% |
| EQT Eqt Corp. | 0.47% | 13,372,830 | $714.5M | Reduce -18.8% |
| BALL Ball Corp. | 0.47% | 13,506,764 | $703.3M | Reduce -9.4% |
| EXE Expand Energy Corp. | 0.46% | 6,304,620 | $701.8M | Reduce -39.2% |
| AVTR Avantor Inc. | 0.45% | 41,969,199 | $680.3M | Add +1.5% |
| FERG Ferguson Enterprises Inc. | 0.44% | 4,165,873 | $667.5M | Add +101.1% |
| CCC CCC Intelligent Solutions Ho | 0.44% | 72,967,671 | $658.9M | Add +6.0% |
| ROST Ross Stores Inc. | 0.42% | 5,000,230 | $639.0M | Reduce -12.8% |
| V Visa Inc. Class A | 0.41% | 1,773,181 | $621.4M | Reduce -50.0% |
| DKNG Draftkings Inc. Class A | 0.41% | 18,700,071 | $621.0M | Add +0.7% |
| COO The Cooper Cos Inc. | 0.41% | 7,273,101 | $613.5M | Reduce -5.3% |
| CPAY Corpay Inc. | 0.41% | 1,756,606 | $612.6M | Reduce -9.9% |
| ICE Intercontinental Exchange Inc. | 0.40% | 3,543,137 | $611.2M | Reduce -8.3% |
| ALC Alcon Inc. filed as ALCON AG | 0.40% | 6,413,767 | $608.9M | Add +0.7% |
| MLM Martin Marietta Materials | 0.38% | 1,214,443 | $580.7M | Reduce -24.4% |
| RJF Raymond James Financial Inc. | 0.38% | 4,136,413 | $574.6M | Add +0.7% |
| LLYVK Liberty Media Corp.-Liberty-C | 0.38% | 8,395,466 | $572.1M | Add +20.5% |
| BURL Burlington Stores Inc. | 0.38% | 2,379,721 | $567.2M | Reduce -5.8% |
| RRC Range Resources Corp. | 0.36% | 13,671,237 | $545.9M | Reduce -11.8% |
| BR Broadridge Financial Solutio | 0.36% | 2,241,986 | $543.6M | Reduce -10.2% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.36% | 9,909,387 | $542.2M | Reduce -28.3% |
| BRKR Bruker Corp. | 0.34% | 12,383,350 | $516.9M | Reduce -0.1% |
| ZS Zscaler Inc. | 0.34% | 2,603,675 | $516.6M | New |
| NYT New York Times Co. Class A | 0.34% | 10,392,977 | $515.5M | Add +7.2% |
| TOST Toast Inc. Class A | 0.34% | 15,520,360 | $514.8M | Add +7.5% |
| NOC Northrop Grumman Corp. | 0.34% | 1,001,198 | $512.6M | Add +1425.2% |
| CSGP Costar Group Inc. | 0.34% | 6,418,209 | $508.5M | Add +0.0% |
| BFAM Bright Horizons Family Solut | 0.33% | 3,965,122 | $503.7M | Reduce -20.0% |
| MKTX Marketaxess Holdings Inc. | 0.33% | 2,323,015 | $502.6M | Add +1.1% |
| FICO Fair Isaac Corp. | 0.33% | 272,027 | $501.7M | Reduce -14.8% |
| KEYS Keysight Technologies Inc. | 0.33% | 3,317,700 | $496.9M | Add +1.0% |
| MOH Molina Healthcare Inc. | 0.32% | 1,487,896 | $490.1M | Add +8.6% |
| IONS Ionis Pharmaceuticals Inc. | 0.32% | 16,175,533 | $488.0M | Add +14.2% |
| NXPI NXP Semiconductors NV | 0.32% | 2,541,798 | $483.1M | Reduce -27.8% |
| EFX Equifax Inc. | 0.32% | 1,976,684 | $481.4M | Reduce -23.1% |
| MTD Mettler-Toledo International | 0.32% | 406,189 | $479.7M | Add +11.9% |
| ASND Ascendis Pharma A/S | 0.32% | 3,053,824 | $476.0M | Add +12.0% |
| ZM Zoom Communications Inc. | 0.31% | 6,421,733 | $473.7M | Add +0.6% |
| AVGO Broadcom Inc. | 0.31% | 2,776,513 | $464.9M | Add +21.3% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.31% | 3,129,295 | $463.0M | Reduce -10.4% |
| TDY Teledyne Technologies Inc. | 0.30% | 918,343 | $457.1M | Reduce -30.1% |
| CRM Salesforce Inc. | 0.30% | 1,687,825 | $452.9M | Add +17.6% |
| IT Gartner Inc. | 0.30% | 1,066,732 | $447.8M | Add +692.2% |
| BWXT BWX Technologies Inc. | 0.29% | 4,503,679 | $444.3M | Add +19.7% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A · principal | 2,432,468 | $1.5M | Reduce -41.1% |
| ADVWW Advantage Solutions in-CW25 | *W EXP 10/28/202 | 545,310 | $7K | No change |
Total filed on the 13F, all lines: $151.0B.
Portfolio Sells Q4 2024 → Q1 2025
| MRVL Marvell Technology Inc. | Reduce -18.4% | 0.70% | −0.74 |
| TTD Trade Desk Inc./the Class A | Reduce -28.3% | 0.36% | −0.64 |
| UNH Unitedhealth Group Inc. | Reduce -39.9% | 1.00% | −0.50 |
| MA Mastercard Inc. Class A | Reduce -65.2% | 0.29% | −0.45 |
| GOOGL Alphabet Inc. Class A | Reduce -20.6% | 0.92% | −0.40 |
| FTNT Fortinet Inc. | Reduce -93.1% | 0.03% | −0.36 |
| TMO Thermo Fisher Scientific Inc. | Reduce -37.0% | 0.64% | −0.35 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -38.5% | 0.54% | −0.35 |
| V Visa Inc. Class A | Reduce -50.0% | 0.41% | −0.28 |
| SCI Service Corp. International | Reduce -64.6% | 0.17% | −0.27 |
| FIVE Five Below | Sold out | 0.00% | −0.23 |
| HUM Humana Inc. | Reduce -89.6% | 0.03% | −0.22 |
| FTV Fortive Corp. | Reduce -13.8% | 1.79% | −0.20 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.18 |
| AAPL Apple Inc. | Reduce -9.9% | 1.06% | −0.18 |
| EXE Expand Energy Corp. | Reduce -39.2% | 0.46% | −0.17 |
| ARGX Argenx SE - ADR | Reduce -83.5% | 0.03% | −0.15 |
| URI United Rentals Inc. | Reduce -65.7% | 0.07% | −0.14 |
| NXPI NXP Semiconductors NV | Reduce -27.8% | 0.32% | −0.13 |
| INTU Intuit Inc. | Reduce -22.4% | 0.57% | −0.13 |
| ACHC Acadia Healthcare Co. Inc. | Reduce -84.5% | 0.02% | −0.13 |
| MLM Martin Marietta Materials | Reduce -24.4% | 0.38% | −0.13 |
| RTX RTX Corp. | Reduce -31.9% | 0.63% | −0.12 |
| BECN Beacon Roofing Supply Inc. | Reduce -90.7% | 0.02% | −0.12 |
| SAM Boston Beer Company Inc. Class A | Reduce -92.5% | 0.01% | −0.12 |
| WFRD Weatherford International PL | Reduce -50.4% | 0.08% | −0.12 |
| ROST Ross Stores Inc. | Reduce -12.8% | 0.42% | −0.11 |
| BRKR Bruker Corp. | Reduce -0.1% | 0.34% | −0.11 |
| ROKU Roku Inc. | Sold out | 0.00% | −0.10 |
| LNT Alliant Energy Corp. | Reduce -69.8% | 0.05% | −0.10 |
| A Agilent Technologies Inc. | Reduce -7.7% | 0.59% | −0.09 |
| TSCO Tractor Supply Company | Sold out | 0.00% | −0.09 |
| SPOT Spotify Technology SA | Reduce -45.9% | 0.23% | −0.09 |
| PYCR Paycor HCM Inc. | Sold out | 0.00% | −0.09 |
| MOD Modine Manufacturing Co. | Sold out | 0.00% | −0.09 |
| EFX Equifax Inc. | Reduce -23.1% | 0.32% | −0.09 |
| HWM Howmet Aerospace Inc. | Sold out | 0.00% | −0.08 |
| GEHC GE Healthcare Technology | Reduce -61.4% | 0.06% | −0.08 |
| INTA Intapp Inc. | Reduce -55.9% | 0.06% | −0.08 |
| WST West Pharmaceutical Services | Reduce -37.0% | 0.07% | −0.08 |
| PCVX Vaxcyte Inc. | Reduce -5.5% | 0.07% | −0.08 |
| HOLX Hologic Inc. | Reduce -1.4% | 0.72% | −0.08 |
| DHR Danaher Corp. | Reduce -2.6% | 1.03% | −0.07 |
| TDY Teledyne Technologies Inc. | Reduce -30.1% | 0.30% | −0.07 |
| AEE Ameren Corporation | Reduce -23.6% | 0.87% | −0.07 |
| FCN Fti Consulting Inc. | Reduce -55.5% | 0.05% | −0.07 |
| BURL Burlington Stores Inc. | Reduce -5.8% | 0.38% | −0.07 |
| BRZE Braze Inc. Class A | Reduce -97.7% | 0.00% | −0.07 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.07 |
| EXAS Exact Sciences Corp. | Reduce -31.6% | 0.08% | −0.06 |
Portfolio Buys Q4 2024 → Q1 2025
| MSFT Microsoft Corp. | Add +22.7% | 3.78% | +0.55 |
| APH Amphenol Corp. Class A | Add +196.3% | 0.73% | +0.48 |
| AMD Advanced Micro Devices | Add +131.5% | 0.71% | +0.37 |
| ROP Roper Technologies Inc. | Add +0.4% | 2.02% | +0.36 |
| ZS Zscaler Inc. | New | 0.34% | +0.34 |
| NOC Northrop Grumman Corp. | Add +1425.2% | 0.34% | +0.32 |
| IT Gartner Inc. | Add +692.2% | 0.30% | +0.26 |
| CNQ Canadian Natural Resources | Add +29.1% | 0.90% | +0.25 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.24% | +0.24 |
| LLY Eli Lilly & Co. | Add +41.0% | 0.61% | +0.23 |
| FERG Ferguson Enterprises Inc. | Add +101.1% | 0.44% | +0.22 |
| BDX Becton Dickinson and Co. | Add +3.7% | 1.91% | +0.21 |
| COR Cencora Inc. | Add +4459.6% | 0.18% | +0.18 |
| WDAY Workday Inc. Class A | Add +47.5% | 0.58% | +0.18 |
| IR Ingersoll-Rand Inc. | Add +28.8% | 0.94% | +0.17 |
| ABBV Abbvie Inc. | Add +19220.8% | 0.16% | +0.16 |
| ADSK Autodesk Inc. | Add +44.1% | 0.58% | +0.15 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +0.8% | 0.79% | +0.15 |
| NI Nisource Inc. | Add +12.4% | 0.64% | +0.15 |
| RVTY Revvity Inc. | Add +8.4% | 1.58% | +0.15 |
| WING Wingstop Inc. | New | 0.14% | +0.14 |
| ODFL Old Dominion Freight Line | Add +79.5% | 0.28% | +0.13 |
| VEEV Veeva Systems Inc. Class A | Add +0.7% | 0.80% | +0.13 |
| CBOE Cboe Global Markets Inc. | Add +1.4% | 0.61% | +0.13 |
| PTC PTC Inc. | Add +17.7% | 2.08% | +0.12 |
| MCD McDonald's Corp. | Add +732.6% | 0.13% | +0.12 |
| TXRH Texas Roadhouse Inc. | Add +209.3% | 0.18% | +0.12 |
| PEP Pepsico Inc. | New | 0.11% | +0.11 |
| DUOL Duolingo | Add +110.5% | 0.20% | +0.11 |
| WM Waste Management Inc. | Add +16999.3% | 0.10% | +0.10 |
| IP International Paper Co. | Add +230.0% | 0.14% | +0.10 |
| WTW Willis Towers Watson PLC | Add +2.4% | 0.64% | +0.10 |
| LMT Lockheed Martin Corp. | Add +17506.3% | 0.09% | +0.09 |
| CME Cme Group Inc. | Add +1927.1% | 0.09% | +0.09 |
| LLYVK Liberty Media Corp.-Liberty-C | Add +20.5% | 0.38% | +0.09 |
| ASND Ascendis Pharma A/S | Add +12.0% | 0.32% | +0.08 |
| VSEC Vse Corp. | Add +25.2% | 0.20% | +0.08 |
| AMT American Tower Corp. | Add +490.9% | 0.09% | +0.08 |
| MNDY Monday.com Ltd. | Add +98.5% | 0.15% | +0.08 |
| MOH Molina Healthcare Inc. | Add +8.6% | 0.32% | +0.08 |
| AON Aon PLC Class A | New | 0.08% | +0.08 |
| ITT Itt Inc. | Add +97.2% | 0.16% | +0.07 |
| APG Api Group Corp. | Add +75.3% | 0.16% | +0.07 |
| ULTA Ulta Beauty Inc. | Add +64.8% | 0.23% | +0.07 |
| MKC McCormick & Co.-Non VTG SHRS | Add +28.6% | 0.23% | +0.07 |
| LULU Lululemon Athletica Inc. | Add +151.6% | 0.14% | +0.07 |
| CAH Cardinal Health Inc. | New | 0.07% | +0.07 |
| ALC Alcon Inc. | Add +0.7% | 0.40% | +0.07 |
| VLTO Veralto Corp. | Add +8.3% | 0.68% | +0.07 |
| JNJ Johnson & Johnson | New | 0.07% | +0.07 |
Notes & Other Activity Q4 2024 → Q1 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A · principal | Reduce -41.1% | 2,432,468 | $1.5M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 736 | $152.4B | AMZN, MSFT, NVDA, GOOGL, AVGO |
| Q1 2026 | 641 | $145.1B | AMZN, MSFT, AAPL, META, NVDA |
| Q4 2025Amended | 895 | $158.2B | MSFT, NVDA, AAPL, GOOGL, AMZN |
| Q3 2025 | 878 | $163.5B | MSFT, NVDA, AAPL, AMZN, PTC |
| Q2 2025 | 683 | $158.4B | MSFT, AMZN, NVDA, PTC, ROP |
| Q1 2025 | 655 | $151.0B | MSFT, PTC, AMZN, ROP, BDX |
| Q4 2024 | 631 | $161.9B | MSFT, AMZN, FTV, PTC, NVDA |
| Q3 2024 | 621 | $165.8B | MSFT, NVDA, FTV, AMZN, PTC |
| Q2 2024 | 619 | $158.4B | MSFT, GOOGL, AMZN, PTC, NVDA |
| Q1 2024 | 619 | $163.4B | MSFT, FTV, GOOGL, UNH, AMZN |