T. Rowe Price Investment Management, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), T. Rowe Price Investment Management, Inc. reported 683 stock positions worth $158.4 billion. Its top holding was Microsoft (MSFT) at 4.5% of the portfolio, followed by Amazon.com (AMZN, 2.9%) and Nvidia (NVDA, 2.4%). Compared with Q1 2025, it opened 93 new positions, sold out of 66, added to 316 and reduced 273. The biggest buy was Amazon.com (AMZN, shares +27%) and the biggest sale Fortive (FTV, shares −56%).
- Most Recent 13F
- Q2 2026
- Location
- BALTIMORE, MD
- CIK
- 0001897612
- Portfolio Value
- $158.4B (Q2 2025)
- SEC Filing
- 0000080255-25-000548 ↗ filed Aug 14, 2025
Holdings Value
Holdings 683 stocks · $158.4B
| MSFT Microsoft Corp. | 4.47% | 14,237,774 | $7.1B | Reduce -6.3% |
| AMZN Amazon.com Inc. | 2.85% | 20,573,361 | $4.5B | Add +27.3% |
| NVDA Nvidia Corp. | 2.44% | 24,411,754 | $3.9B | Reduce -0.7% |
| PTC PTC Inc. | 2.22% | 20,371,808 | $3.5B | Add +0.3% |
| ROP Roper Technologies Inc. | 1.85% | 5,160,811 | $2.9B | Reduce -0.2% |
| BDX Becton Dickinson and Co. | 1.76% | 16,178,519 | $2.8B | Add +28.6% |
| RVTY Revvity Inc. | 1.38% | 22,641,906 | $2.2B | Add +0.6% |
| APH Amphenol Corp. Class A | 1.35% | 21,723,306 | $2.1B | Add +29.7% |
| META Meta Platforms Inc. Class A | 1.24% | 2,658,537 | $2.0B | Add +38.9% |
| AMD Advanced Micro Devices | 1.16% | 12,965,211 | $1.8B | Add +24.5% |
| CNP Centerpoint Energy Inc. | 1.11% | 47,842,117 | $1.8B | Add +3.8% |
| HLT Hilton Worldwide Holdings Inc. | 1.04% | 6,187,654 | $1.6B | Add +73.5% |
| NI Nisource Inc. | 1.04% | 40,716,565 | $1.6B | Add +69.5% |
| YUM Yum! Brands Inc. | 1.01% | 10,782,837 | $1.6B | Add +16.2% |
| GOOGL Alphabet Inc. Class A | 1.01% | 9,043,259 | $1.6B | Add +1.2% |
| HOLX Hologic Inc. | 0.99% | 24,083,297 | $1.6B | Add +36.1% |
| AAPL Apple Inc. | 0.98% | 7,568,643 | $1.6B | Add +5.5% |
| CNQ Canadian Natural Resources | 0.97% | 48,934,467 | $1.5B | Add +11.3% |
| IR Ingersoll-Rand Inc. | 0.93% | 17,628,001 | $1.5B | Reduce -1.1% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.88% | 4,281,279 | $1.4B | Reduce -3.1% |
| AEE Ameren Corporation | 0.87% | 14,362,684 | $1.4B | Add +10.3% |
| DHR Danaher Corp. | 0.87% | 6,953,355 | $1.4B | Reduce -8.1% |
| MCK McKesson Corp. | 0.83% | 1,785,656 | $1.3B | Reduce -36.9% |
| WDAY Workday Inc. Class A | 0.81% | 5,373,114 | $1.3B | Add +42.7% |
| VEEV Veeva Systems Inc. Class A | 0.81% | 4,432,141 | $1.3B | Reduce -14.8% |
| FTI Technipfmc PLC | 0.75% | 34,629,552 | $1.2B | Reduce -14.1% |
| FERG Ferguson Enterprises Inc. | 0.75% | 5,438,684 | $1.2B | Add +30.6% |
| INTU Intuit Inc. | 0.72% | 1,451,304 | $1.1B | Add +3.6% |
| ABT Abbott Laboratories | 0.72% | 8,366,739 | $1.1B | Add +5.2% |
| LSCC Lattice Semiconductor Corp. | 0.70% | 22,712,142 | $1.1B | Add +7.4% |
| AUR Aurora Innovation Inc. | 0.70% | 211,897,398 | $1.1B | Reduce -0.8% |
| ADSK Autodesk Inc. | 0.66% | 3,373,767 | $1.0B | Add +1.7% |
| LNG Cheniere Energy Inc. | 0.63% | 4,117,770 | $1.0B | Reduce -10.4% |
| TYL Tyler Technologies Inc. | 0.62% | 1,661,991 | $985.3M | Add +5.0% |
| PLNT Planet Fitness Inc. Class A | 0.61% | 8,878,432 | $968.2M | Add +5.6% |
| SBUX Starbucks Corp. | 0.61% | 10,558,799 | $967.5M | Add +1556.4% |
| A Agilent Technologies Inc. | 0.61% | 8,161,695 | $963.2M | Add +7.4% |
| ESAB Esab Corp. | 0.60% | 7,921,550 | $954.9M | Reduce -1.2% |
| TXT Textron Inc. | 0.58% | 11,526,816 | $925.5M | Add +1.0% |
| MCHP Microchip Technology Inc. | 0.56% | 12,633,238 | $889.0M | Reduce -24.0% |
| DPZ Domino's Pizza Inc. | 0.55% | 1,935,205 | $872.0M | Reduce -7.7% |
| FWONK Liberty Media Corp. Class C | 0.55% | 8,328,643 | $870.3M | Add +1.0% |
| FTV Fortive Corp. | 0.53% | 16,213,190 | $845.2M | Reduce -56.2% |
| VLTO Veralto Corp. | 0.51% | 8,033,639 | $811.0M | Reduce -23.8% |
| DKNG Draftkings Inc. Class A | 0.51% | 18,901,007 | $810.7M | Add +1.1% |
| DLTR Dollar Tree Inc. | 0.50% | 8,045,589 | $796.8M | Reduce -19.5% |
| AIZ Assurant Inc. | 0.50% | 3,998,513 | $789.7M | Reduce -8.7% |
| LLY Eli Lilly & Co. | 0.49% | 1,001,037 | $780.3M | Reduce -10.3% |
| AVTR Avantor Inc. | 0.48% | 56,500,715 | $760.5M | Add +34.6% |
| PCTY Paylocity Holding Corp. | 0.47% | 4,114,834 | $745.6M | Add +3.2% |
| LLYVK Liberty Media Corp.-Liberty-C | 0.46% | 8,970,126 | $728.0M | Add +6.8% |
| CBOE Cboe Global Markets Inc. | 0.46% | 3,092,736 | $721.3M | Reduce -24.0% |
| ZS Zscaler Inc. | 0.45% | 2,277,833 | $715.1M | Reduce -12.5% |
| TFX Teleflex Inc. | 0.44% | 5,944,764 | $703.6M | Reduce -4.4% |
| UNH Unitedhealth Group Inc. | 0.44% | 2,244,289 | $700.2M | Reduce -22.0% |
| MPWR Monolithic Power Systems Inc. | 0.43% | 927,806 | $678.6M | Add +195.1% |
| VIK Viking Holdings Ltd. | 0.42% | 12,609,091 | $671.9M | Add +42.8% |
| ROST Ross Stores Inc. | 0.42% | 5,264,270 | $671.6M | Add +5.3% |
| EXE Expand Energy Corp. | 0.42% | 5,660,823 | $662.0M | Reduce -10.2% |
| BWXT BWX Technologies Inc. | 0.42% | 4,563,231 | $657.4M | Add +1.3% |
| CASY Casey's General Stores Inc. | 0.41% | 1,265,005 | $645.5M | Reduce -27.9% |
| MTD Mettler-Toledo International | 0.41% | 548,846 | $644.7M | Add +35.1% |
| RJF Raymond James Financial Inc. | 0.41% | 4,182,745 | $641.5M | Add +1.1% |
| RTX RTX Corp. | 0.40% | 4,343,017 | $634.2M | Reduce -39.4% |
| IONS Ionis Pharmaceuticals Inc. | 0.40% | 16,048,721 | $634.1M | Reduce -0.8% |
| TOST Toast Inc. Class A | 0.40% | 14,231,283 | $630.3M | Reduce -8.3% |
| EQT Eqt Corp. | 0.40% | 10,787,125 | $629.1M | Reduce -19.3% |
| AVY Avery Dennison Corp. | 0.40% | 3,572,975 | $627.0M | Reduce -15.9% |
| V Visa Inc. Class A | 0.40% | 1,765,637 | $626.9M | Reduce -0.4% |
| MLM Martin Marietta Materials | 0.40% | 1,141,444 | $626.6M | Reduce -6.0% |
| BALL Ball Corp. | 0.39% | 11,068,595 | $620.8M | Reduce -18.1% |
| ASND Ascendis Pharma A/S | 0.39% | 3,583,546 | $618.5M | Add +17.4% |
| CCC CCC Intelligent Solutions Ho | 0.39% | 64,844,851 | $610.2M | Reduce -11.1% |
| NYT New York Times Co. Class A | 0.37% | 10,502,685 | $587.9M | Add +1.1% |
| CYTK Cytokinetics Inc. | 0.37% | 17,602,440 | $581.6M | Add +76.8% |
| WTW Willis Towers Watson PLC | 0.36% | 1,874,636 | $574.6M | Reduce -34.4% |
| BURL Burlington Stores Inc. | 0.36% | 2,469,380 | $574.5M | Add +3.8% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.36% | 7,917,657 | $570.0M | Reduce -20.1% |
| CRM Salesforce Inc. | 0.36% | 2,085,273 | $568.6M | Add +23.6% |
| VMC Vulcan Materials Co. | 0.35% | 2,148,705 | $560.4M | Add +673.3% |
| MSCI MSCI Inc. | 0.35% | 958,532 | $552.8M | Add +727.2% |
| KEYS Keysight Technologies Inc. | 0.35% | 3,355,328 | $549.8M | Add +1.1% |
| BR Broadridge Financial Solutio | 0.35% | 2,262,202 | $549.8M | Add +0.9% |
| COO The Cooper Cos Inc. | 0.33% | 7,379,618 | $525.1M | Add +1.5% |
| CSGP Costar Group Inc. | 0.33% | 6,494,137 | $522.1M | Add +1.2% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.33% | 9,051,295 | $521.2M | Reduce -0.3% |
| MKTX Marketaxess Holdings Inc. | 0.33% | 2,331,988 | $520.8M | Add +0.4% |
| ALC Alcon Inc. filed as ALCON AG | 0.33% | 5,893,359 | $520.3M | Reduce -8.1% |
| EFX Equifax Inc. | 0.33% | 1,999,837 | $518.7M | Add +1.2% |
| IT Gartner Inc. | 0.32% | 1,263,957 | $510.9M | Add +18.5% |
| ZM Zoom Communications Inc. | 0.32% | 6,506,654 | $507.4M | Add +1.3% |
| DTE DTE Energy Company | 0.31% | 3,765,318 | $498.8M | Add +182.6% |
| ODFL Old Dominion Freight Line | 0.30% | 2,945,342 | $478.0M | Add +13.3% |
| CPAY Corpay Inc. | 0.30% | 1,435,296 | $476.3M | Reduce -18.3% |
| BRKR Bruker Corp. | 0.30% | 11,430,636 | $470.9M | Reduce -7.7% |
| NXPI NXP Semiconductors NV | 0.30% | 2,140,888 | $467.8M | Reduce -15.8% |
| CI The Cigna Group | 0.29% | 1,399,725 | $462.7M | Reduce -46.6% |
| TRU Transunion | 0.29% | 5,251,615 | $462.1M | Add +53.9% |
| PNFP Pinnacle Financial Partners | 0.29% | 4,172,205 | $460.7M | Add +0.3% |
| TEAM Atlassian Corp. Class A | 0.29% | 2,260,732 | $459.1M | Add +14.6% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $6K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ADVWW Advantage Solutions in-CW25 | *W EXP 10/28/202 | 545,310 | $6K | No change |
Total filed on the 13F, all lines: $158.4B.
Portfolio Sells Q1 2025 → Q2 2025
| FTV Fortive Corp. | Reduce -56.2% | 0.53% | −1.26 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.70 |
| TMO Thermo Fisher Scientific Inc. | Reduce -97.4% | 0.01% | −0.63 |
| UNH Unitedhealth Group Inc. | Reduce -22.0% | 0.44% | −0.56 |
| WCN Waste Connections Inc. | Reduce -70.2% | 0.17% | −0.46 |
| MCK McKesson Corp. | Reduce -36.9% | 0.83% | −0.44 |
| ICE Intercontinental Exchange Inc. | Reduce -81.9% | 0.07% | −0.33 |
| AVGO Broadcom Inc. | Reduce -99.8% | 0.00% | −0.31 |
| CI The Cigna Group | Reduce -46.6% | 0.29% | −0.28 |
| WTW Willis Towers Watson PLC | Reduce -34.4% | 0.36% | −0.28 |
| RRC Range Resources Corp. | Reduce -70.3% | 0.10% | −0.26 |
| AUR Aurora Innovation Inc. | Reduce -0.8% | 0.70% | −0.25 |
| RAL Ralliant Corp. | Reduce -57.1% | 0.16% | −0.23 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.23 |
| RTX RTX Corp. | Reduce -39.4% | 0.40% | −0.23 |
| NOC Northrop Grumman Corp. | Reduce -61.0% | 0.12% | −0.22 |
| BBWI Bath & Body Works Inc. | Reduce -89.1% | 0.02% | −0.20 |
| ROP Roper Technologies Inc. | Reduce -0.2% | 1.85% | −0.17 |
| VLTO Veralto Corp. | Reduce -23.8% | 0.51% | −0.17 |
| DHR Danaher Corp. | Reduce -8.1% | 0.87% | −0.16 |
| BFAM Bright Horizons Family Solut | Reduce -43.8% | 0.17% | −0.16 |
| SCI Service Corp. International | Reduce -93.8% | 0.01% | −0.16 |
| ENOV Enovis Corp. | Reduce -100.0% | 0.00% | −0.16 |
| CBOE Cboe Global Markets Inc. | Reduce -24.0% | 0.46% | −0.15 |
| RPM RPM International Inc. | Reduce -92.6% | 0.01% | −0.14 |
| MCD McDonald's Corp. | Reduce -99.0% | 0.00% | −0.13 |
| BIIB Biogen Inc. | Reduce -47.6% | 0.11% | −0.13 |
| TFX Teleflex Inc. | Reduce -4.4% | 0.44% | −0.12 |
| CGNX Cognex Corp. | Sold out | 0.00% | −0.12 |
| LLY Eli Lilly & Co. | Reduce -10.3% | 0.49% | −0.12 |
| PEN Penumbra Inc. | Reduce -98.8% | 0.00% | −0.11 |
| AIZ Assurant Inc. | Reduce -8.7% | 0.50% | −0.11 |
| AVY Avery Dennison Corp. | Reduce -15.9% | 0.40% | −0.10 |
| CPAY Corpay Inc. | Reduce -18.3% | 0.30% | −0.10 |
| TDY Teledyne Technologies Inc. | Reduce -33.4% | 0.20% | −0.10 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Reduce -28.7% | 0.20% | −0.10 |
| CASY Casey's General Stores Inc. | Reduce -27.9% | 0.41% | −0.10 |
| FTI Technipfmc PLC | Reduce -14.1% | 0.75% | −0.09 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -46.6% | 0.15% | −0.09 |
| REYN Reynolds Consumer Products I | Reduce -88.1% | 0.01% | −0.09 |
| DPZ Domino's Pizza Inc. | Reduce -7.7% | 0.55% | −0.09 |
| SRPT Sarepta Therapeutics Inc. | Reduce -76.2% | 0.01% | −0.08 |
| BPMC Blueprint Medicines Corp. | Sold out | 0.00% | −0.08 |
| EQT Eqt Corp. | Reduce -19.3% | 0.40% | −0.08 |
| FICO Fair Isaac Corp. | Reduce -18.3% | 0.26% | −0.08 |
| BRBR Bellring Brands Inc. | Reduce -52.7% | 0.04% | −0.08 |
| INSM Insmed Inc. | Sold out | 0.00% | −0.07 |
| ALC Alcon Inc. | Reduce -8.1% | 0.33% | −0.07 |
| BALL Ball Corp. | Reduce -18.1% | 0.39% | −0.07 |
| EXAS Exact Sciences Corp. | Reduce -89.0% | 0.01% | −0.07 |
Portfolio Buys Q1 2025 → Q2 2025
| AMZN Amazon.com Inc. | Add +27.3% | 2.85% | +0.81 |
| APH Amphenol Corp. Class A | Add +29.7% | 1.35% | +0.63 |
| SBUX Starbucks Corp. | Add +1556.4% | 0.61% | +0.57 |
| META Meta Platforms Inc. Class A | Add +38.9% | 1.24% | +0.51 |
| HLT Hilton Worldwide Holdings Inc. | Add +73.5% | 1.04% | +0.50 |
| AMD Advanced Micro Devices | Add +24.5% | 1.16% | +0.45 |
| NI Nisource Inc. | Add +69.5% | 1.04% | +0.40 |
| VMC Vulcan Materials Co. | Add +673.3% | 0.35% | +0.31 |
| MPWR Monolithic Power Systems Inc. | Add +195.1% | 0.43% | +0.31 |
| FERG Ferguson Enterprises Inc. | Add +30.6% | 0.75% | +0.31 |
| MSCI MSCI Inc. | Add +727.2% | 0.35% | +0.31 |
| HOLX Hologic Inc. | Add +36.1% | 0.99% | +0.27 |
| ADI Analog Devices Inc. | New | 0.25% | +0.25 |
| BNTX Biontech SE-ADR | Add +4076.8% | 0.24% | +0.24 |
| WDAY Workday Inc. Class A | Add +42.7% | 0.81% | +0.23 |
| DTE DTE Energy Company | Add +182.6% | 0.31% | +0.19 |
| VIK Viking Holdings Ltd. | Add +42.8% | 0.42% | +0.19 |
| MTSI Macom Technology Solutions H | Add +120.0% | 0.25% | +0.17 |
| GLW Corning Inc. | New | 0.16% | +0.16 |
| INTU Intuit Inc. | Add +3.6% | 0.72% | +0.15 |
| BAH Booz Allen Hamilton Holdings | New | 0.15% | +0.15 |
| MANH Manhattan Associates Inc. | Add +1010.7% | 0.16% | +0.14 |
| PTC PTC Inc. | Add +0.3% | 2.22% | +0.13 |
| CAI Caris Life Sciences Inc. | New | 0.12% | +0.12 |
| BWXT BWX Technologies Inc. | Add +1.3% | 0.42% | +0.12 |
| MS Morgan Stanley | Add +20466.4% | 0.12% | +0.12 |
| HUBS HubSpot Inc. | New | 0.11% | +0.11 |
| TRU Transunion | Add +53.9% | 0.29% | +0.10 |
| BIRK Birkenstock Holding PLC | Add +61.8% | 0.26% | +0.10 |
| CYTK Cytokinetics Inc. | Add +76.8% | 0.37% | +0.10 |
| DKNG Draftkings Inc. Class A | Add +1.1% | 0.51% | +0.10 |
| KKR KKR & Co. Inc. | New | 0.10% | +0.10 |
| GOOGL Alphabet Inc. Class A | Add +1.2% | 1.01% | +0.09 |
| MTD Mettler-Toledo International | Add +35.1% | 0.41% | +0.09 |
| OR Or Royalties Inc. | Add +100.5% | 0.16% | +0.09 |
| MIR Mirion Technologies Inc. | Add +1.2% | 0.28% | +0.09 |
| ADSK Autodesk Inc. | Add +1.7% | 0.66% | +0.08 |
| TXRH Texas Roadhouse Inc. | Add +37.0% | 0.26% | +0.08 |
| MASI Masimo Corp. | Add +49.4% | 0.27% | +0.08 |
| LLYVK Liberty Media Corp.-Liberty-C | Add +6.8% | 0.46% | +0.08 |
| ASND Ascendis Pharma A/S | Add +17.4% | 0.39% | +0.08 |
| PSN Parsons Corp. | Add +90.0% | 0.14% | +0.07 |
| CNQ Canadian Natural Resources | Add +11.3% | 0.97% | +0.07 |
| PLNT Planet Fitness Inc. Class A | Add +5.6% | 0.61% | +0.07 |
| WING Wingstop Inc. | Add +5.3% | 0.21% | +0.07 |
| RVMD Revolution Medicines Inc. | Add +180.2% | 0.11% | +0.07 |
| OSCR Oscar Health Inc. Class A | Add +7.0% | 0.17% | +0.07 |
| ELAN Elanco Animal Health Inc. | Add +22.4% | 0.18% | +0.07 |
| ONON On Holding AG Class A | Add +46.2% | 0.16% | +0.06 |
| ONTO Onto Innovation Inc. | Add +6315.5% | 0.06% | +0.06 |
Notes & Other Activity Q1 2025 → Q2 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A · principal | Sold out | 2,432,468 | $1.5Mbefore exit |
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 |