T. Rowe Price Associates
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Quarter Analysis
13F change notes for T. Rowe Price Associates in 2026-03-31.
T. Rowe Price's $865B platform showing across-the-board mega-cap-tech persistence with the SAME directional trim pattern as FMR: every top-name share-trimmed 1-7%, top-3 weight 20% → 18.4%. Microsoft is the cleanest cut (-7% shares from 6.56% to 5.02% weight). Active platforms collectively reducing peak mega-cap exposure ahead of any single fund standing out — Capital Intl, FMR, T. Rowe, Wellington, Janus all show the same pattern.
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★ HELD
NVIDIA CORPORATION NVDA
Top weight 7.46% after 52 quarters at +571% unrealized — barely touched, anchor of the platform.
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★ HELD
MICROSOFT CORP MSFT
Cut -7% in shares; weight 6.56% → 5.02%. Most aggressive top-name cut at T. Rowe.
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★ HELD
APPLE INC AAPL
52 quarters held flat at +164% unrealized; trim is just -2%.
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★ HELD
AMAZON COM INC AMZN
Cut -6% at +362% unrealized — across-the-board mega-cap-tech trimming pattern.
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• CONTEXT
Top-3 weight 20% → 18.4% — same direction as Capital, FMR, Wellington. Active-platform consensus on trimming mega-cap-tech.