T. Rowe Price Value Fund, Inc.
Actively managed U.S. stock fund
As of its 2026 Q2 report, T. Rowe Price Value Fund, Inc. held 110 positions with $33.99B in net assets. Its ten largest holdings made up 31.2% of the fund. The TRVLX share class costs 0.69% a year. Over the 12 months to May 2026, TRVLX returned 20.7%, with dividends reinvested. In 2026 Q2 it added 12 new positions and exited 6.
The fund seeks to provide long-term capital appreciation by investing in common stocks believed to be undervalued. Income is a secondary objective.
The fund invests at least 80% of assets in common stocks of companies with value characteristics, identified by membership in third-party value-oriented indices or by screening for low valuation multiples (price/earnings, price/book, price/sales, price/cash flow), low price relative to asset or intrinsic value, restructuring potential, or sound balance sheets. The fund typically emphasizes large-cap stocks but may hold companies of any size. Because security selection depends on the adviser's identification of undervalued companies that may be temporarily out of favor, fund holdings will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
AMZNAMAZON.COM INC | 5.49% | $1.87B | 7.8M | $238.34 |
AAPLAPPLE INC | 5.29% | $1.80B | 6.2M | $289.36 |
MSFTMICROSOFT CORP | 3.43% | $1.16B | 3.1M | $373.02 |
3.37% | $1.14B | 3.5M | $327.33 | |
2.80% | $951.92M | 1.9M | $500.39 | |
2.57% | $874.15M | 1.4M | $634.33 | |
2.40% | $816.12M | 2.3M | $350.07 | |
2.16% | $734.60M | 2.9M | $253.97 | |
1.97% | $670.08M | 1.6M | $415.63 | |
WABWABTEC CORP | 1.75% | $594.87M | 2.2M | $269.60 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 110 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.70% |
| Cash & short-term | 0.30% |
By sector
- Information Technology
- 19.5%
- Financials
- 17.6%
- Health Care
- 12.7%
- Industrials
- 12.7%
- 9 other sectors
- 37.4%
- Information Technology
- 19.5%
- Financials
- 17.6%
- Health Care
- 12.7%
- Industrials
- 12.7%
- Consumer Discretionary
- 10.1%
- Energy
- 7.2%
- Consumer Staples
- 4.6%
- Real Estate
- 3.6%
- Utilities
- 3.2%
- International
- 3.0%
- Communication Services
- 2.8%
- Materials
- 2.6%
- Cash
- 0.3%
How it has done
TRVLX share class · total returns with dividends reinvested
Volatility over the last 12 months: 11.69%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 4 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.69% | +20.72% | +64.33% | +54.65% | -7.69% | |
| 0.94% | +20.43% | +63.18% | +52.78% | -7.76% | |
| 0.57% | +20.86% | +65.00% | +55.65% | -7.66% | |
| 0.00% | +21.59% | +67.82% | +60.30% | -7.55% |
These classes hold the same portfolio, so the 7.52pp spread over 5 years is the cost difference between them — roughly 1.50pp a year — not a difference in what they own.
Fees & fund details
T. Rowe Price Value Fund, Inc. is an actively managed U.S. equity fund. 4% of TRVLX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 95% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.00% – 0.94%· TRVLX 0.69%
- Portfolio turnover
- 59.50% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
12 new· the largest 8
6 exited
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 1 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 5 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 10 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — TRVLX, QQQ and the fund in my 401(k)?”
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