# EDGAR Filing Document

**Accession Number:** 0000927845
**File Stem:** 0001099263-26-002547
**Filing Date:** 2026-2
**Character Count:** 39717
**Document Hash:** 977228350131e17fcb0378842080cbe0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-002547.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001099263-26-002547

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Value Fund, Inc.
- **CENTRAL INDEX KEY:** 0000927845

**ORGANIZATION NAME:**
- **EIN:** 521892646
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07209
- **FILM NUMBER:** 26686578

**BUSINESS ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRICE T ROWE VALUE FUND INC
- **DATE OF NAME CHANGE:** 19940803

## Series and Classes Contracts Data

### T. Rowe Price Value Fund, Inc. (Series ID: S000002125)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000005515 | T. Rowe Price Value Fund, Inc.         | TRVLX           |
| C000005516 | T. Rowe Price Value Fund-Advisor Class | PAVLX           |
| C000159681 | T. Rowe Price Value Fund-I Class       | TRPIX           |
| C000219322 | T. Rowe Price Value Fund-Z Class       | TRZAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** T. ROWE PRICE VALUE FUND, INC.

- **b. Investment Company Act file number:** 811-07209

- **c. CIK number of Registrant:** 0000927845

- **d. LEI of Registrant:** 549300EW4YHV7OVARC82

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1307 Point Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21231

  - **Telephone number:** 410-345-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** T. Rowe Price Value Fund, Inc.

- **b. EDGAR series identifier (if any):** S000002125

- **c. LEI of Series:** TLDUHX6EEOQ43DDR8861

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $31013277238.95

**Total Liabilities:** $127792347.60

**Net Assets:** $30885484891.35

**Cash Not Reported:** $0.24

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000005515 | -1.12%               | 2.90%                | -0.01%               |
| Class ID C000005516 | -1.15%               | 2.88%                | -0.03%               |
| Class ID C000159681 | -1.10%               | 2.91%                | 0.00%                |
| Class ID C000219322 | -1.05%               | 2.95%                | 0.05%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2566031.04              | $-346671502.88                             |
| Month 2  | $96443550.38             | $748115268.99                              |
| Month 3  | $337201259.20            | $-381140698.87                             |

### Schedule of Portfolio Investments

| Name                                  | Title                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)    | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABBOTT LABORATORIES                   | ABBOTT LABORATORIES                      | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |   2180691 | NS      | $273218775.39  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ALCON INC                             | ALCON AG                                 | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |   1203776 | NS      | $94869586.56   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| ALLSTATE CORP                         | ALLSTATE CORP/THE                        | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |   2092452 | NS      | $435543883.80  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC CL A                     | ALPHABET INC                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   2353556 | NS      | $736663028.00  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC CL C                     | ALPHABET INC                             | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   1940594 | NS      | $608958397.20  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                        | AMAZON.COM INC                           | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   1732338 | NS      | $399858257.16  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AMEREN CORPORATION                    | AMEREN CORP                              | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |   3061044 | NS      | $305675853.84  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS CO                   | AMERICAN EXPRESS CO                      | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |   1220517 | NS      | $451530264.15  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK INC                            | AMETEK INC                               | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |   2854451 | NS      | $586047334.81  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ANALOG DEVICES INC                    | ANALOG DEVICES INC                       | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |   1283291 | NS      | $348028519.20  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT IN          | ANNALY CAPITAL MANAGEMENT INC            | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |   7630281 | NS      | $170613083.16  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT INC          | APOLLO GLOBAL MANAGEMENT INC             | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |    336621 | NS      | $48729255.96   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS INC                   | ARISTA NETWORKS INC                      | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |   2777104 | NS      | $363883937.12  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC-SPONS ADR             | ASTRAZENECA PLC                          | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |   2121226 | NS      | $195004306.18  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMOS ENERGY CORP                     | ATMOS ENERGY CORP                        | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |    793839 | NS      | $133071231.57  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOZONE INC                          | AUTOZONE INC                             | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |    117453 | NS      | $398341849.50  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BALL CORP                             | BALL CORP                                | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |   4020281 | NS      | $212954284.57  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                  | BANK OF AMERICA CORP                     | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   9377415 | NS      | $515757825.00  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC-CL B           | BERKSHIRE HATHAWAY INC                   | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |   1924677 | NS      | $967438894.05  | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC                  | BOOKING HOLDINGS INC                     | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     45020 | NS      | $241096956.60  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP            | CAPITAL ONE FINANCIAL CORP               | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    470922 | NS      | $114132655.92  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC                       | CATERPILLAR INC                          | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |    609126 | NS      | $348950011.62  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA INC                           | CENCORA INC                              | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |   1364675 | NS      | $460918981.25  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHWAB (CHARLES) CORP                 | CHARLES SCHWAB CORP/THE                  | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |   5259632 | NS      | $525489833.12  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                          | CHEVRON CORP                             | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2768915 | NS      | $422010335.15  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUBB LTD                             | CHUBB LTD                                | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |    523565 | NS      | $163415107.80  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA GROUP/THE                       | CIGNA GROUP/THE                          | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |    403107 | NS      | $110947139.61  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS INC                     | CISCO SYSTEMS INC                        | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |   4409208 | NS      | $339641292.24  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                         | CITIGROUP INC                            | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |   2651551 | NS      | $309409486.19  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC                         | CME GROUP INC                            | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |    529603 | NS      | $144623987.24  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| COLGATE-PALMOLIVE CO                  | COLGATE-PALMOLIVE CO                     | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |   2917918 | NS      | $230573880.36  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                        | CONOCOPHILLIPS                           | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |   5955573 | NS      | $557501188.53  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL INC              | COREBRIDGE FINANCIAL INC                 | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |    256805 | NS      | $7747806.85    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX CORP                              | CSX CORP                                 | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |   6553480 | NS      | $237563650.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                          | DANAHER CORP                             | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |    464740 | NS      | $106388280.80  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| DEERE & CO                            | DEERE & CO                               | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |   1591165 | NS      | $740798689.05  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR TREE INC                       | DOLLAR TREE INC                          | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |   2626768 | NS      | $323118731.68  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH INC                   | ELEVANCE HEALTH INC                      | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    898385 | NS      | $314928861.75  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUIFAX INC                           | EQUIFAX INC                              | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |    622687 | NS      | $135110625.26  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY LIFESTYLE PROPERTIES           | EQUITY LIFESTYLE PROPERTIES INC          | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |   2456173 | NS      | $148868645.53  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSEX PROPERTY TRUST INC              | ESSEX PROPERTY TRUST INC                 | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |    668278 | NS      | $174874987.04  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                      | EXXON MOBIL CORP                         | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |   1860564 | NS      | $223900271.76  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP                   | FIFTH THIRD BANCORP                      | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |   6162703 | NS      | $288476127.43  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANCO-NEVADA CORP                    | FRANCO-NEVADA CORP                       | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |    254205 | NS      | $52691612.40   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| GE Aerospace                          | GENERAL ELECTRIC CO                      | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    893668 | NS      | $275276554.04  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC                   | GILEAD SCIENCES INC                      | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |   3888665 | NS      | $477294742.10  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC               | GOLDMAN SACHS GROUP INC/THE              | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |    283270 | NS      | $248994330.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                        | HOME DEPOT INC/THE                       | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |   1068788 | NS      | $367769950.80  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEL CORP                            | INTEL CORP                               | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |   5588241 | NS      | $206206092.90  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC         | INTERCONTINENTAL EXCHANGE INC            | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |   2813973 | NS      | $455751067.08  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERDIGITAL INC                      | INTERDIGITAL INC                         | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    275205 | NS      | $87619767.90   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| INTL BUSINESS MACHINES CORP           | INTERNATIONAL BUSINESS MACHINES CORP     | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |    635697 | NS      | $188299808.37  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL PAPER CO                | INTERNATIONAL PAPER CO                   | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |  11607515 | NS      | $457220015.85  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                     | JOHNSON & JOHNSON                        | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |   1220585 | NS      | $252600065.75  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN CHASE & CO.               | JPMORGAN CHASE & CO                      | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |   3536479 | NS      | $1139524263.38 | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                               | KEYCORP                                  | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |   2363737 | NS      | $48787531.68   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES IN              | KEYSIGHT TECHNOLOGIES INC                | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |   4001697 | NS      | $813104813.43  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORP                              | KLA CORP                                 | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |    180575 | NS      | $219413071.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORP                     | LAM RESEARCH CORP                        | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |   1463180 | NS      | $250467152.40  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PLC                             | LINDE PLC                                | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |    956133 | NS      | $407685549.87  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWE S COS INC                        | LOWE'S COS INC                           | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |    813378 | NS      | $196154238.48  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALD S CORP                       | MCDONALD'S CORP                          | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |   1491709 | NS      | $455911021.67  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO. INC.                      | MERCK & CO INC                           | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    614485 | NS      | $64680691.10   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC-CLASS A            | META PLATFORMS INC                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    237439 | NS      | $156731109.51  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                           | METLIFE INC                              | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    930559 | NS      | $73458327.46   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                        | MICROSOFT CORP                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    285369 | NS      | $138010155.78  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDELEZ INTERNATIONAL INC            | MONDELEZ INTERNATIONAL INC               | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |   7916378 | NS      | $426138627.74  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                        | MORGAN STANLEY                           | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |   1437255 | NS      | $255155880.15  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| NORFOLK SOUTHERN CORP                 | NORFOLK SOUTHERN CORP                    | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |    872270 | NS      | $251841794.40  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHROP GRUMMAN CORP                 | NORTHROP GRUMMAN CORP                    | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |    221661 | NS      | $126393318.81  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD DOMINION FREIGHT LINE             | OLD DOMINION FREIGHT LINE INC            | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |   1827773 | NS      | $286594806.40  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| OWENS CORNING                         | OWENS CORNING                            | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |    936995 | NS      | $104859110.45  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR INC                            | PACCAR INC                               | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     57318 | NS      | $6276894.18    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PARKER HANNIFIN CORP                  | PARKER-HANNIFIN CORP                     | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |    598176 | NS      | $525772776.96  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| PENTAIR PLC                           | PENTAIR PLC                              | CUSIP: 000000000<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |   1489652 | NS      | $155132359.28  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| PINTEREST INC- CLASS A                | PINTEREST INC                            | CUSIP: 72352L106<br>LEI: 529900Y043CEBGO4HB65 | Long             | EC               | CORP              | US        |   5192656 | NS      | $134437863.84  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG INDUSTRIES INC                    | PPG INDUSTRIES INC                       | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |   1268659 | NS      | $129986801.14  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE CO/THE               | PROCTER & GAMBLE CO/THE                  | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |   3354847 | NS      | $480783123.57  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESSIVE CORP                      | PROGRESSIVE CORP/THE                     | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    169139 | NS      | $38516333.08   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                        | PUBLIC STORAGE                           | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |    472182 | NS      | $122531229.00  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEST DIAGNOSTICS INC                 | QUEST DIAGNOSTICS INC                    | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |    926526 | NS      | $160780056.78  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| RANGE RESOURCES CORP                  | RANGE RESOURCES CORP                     | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |   9457653 | NS      | $333476844.78  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC SERVICES INC                 | REPUBLIC SERVICES INC                    | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |   1715587 | NS      | $363584352.91  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| REVVITY INC                           | REVVITY INC                              | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |   3027497 | NS      | $292910334.75  | 0.95%             |  |  |  | No            |                  1 | On Loan: —       |
| SALESFORCE INC                        | SALESFORCE INC                           | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    550703 | NS      | $145886731.73  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB LTD                               | SLB LTD                                  | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |   7759313 | NS      | $297802432.94  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN CO/THE                       | SOUTHERN CO/THE                          | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |   5357033 | NS      | $467133277.60  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US INC                       | T-MOBILE US INC                          | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |   1304633 | NS      | $264892684.32  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Government Reserve Fund | T. Rowe Price Government Reserve Fund    | CUSIP: 76105Y109<br>LEI: 5493002Y0IYARJVQ5N24 | Long             | STIV             | RF                | US        | 124139634 | NS      | $124139633.67  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TE CONNECTIVITY PLC                   | TE CONNECTIVITY PLC                      | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |    936067 | NS      | $212964603.17  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNIPFMC PLC                        | TECHNIPFMC PLC                           | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |   5116337 | NS      | $227983976.72  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORP                 | TENET HEALTHCARE CORP                    | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |   2027457 | NS      | $402896255.04  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INC                 | TEXAS INSTRUMENTS INC                    | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |   2998385 | NS      | $520189813.65  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| TOLL BROTHERS INC                     | TOLL BROTHERS INC                        | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |    922780 | NS      | $124778311.60  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TRACTOR SUPPLY COMPANY                | TRACTOR SUPPLY CO                        | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    210095 | NS      | $10506850.95   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELERS COS INC/THE                 | TRAVELERS COS INC/THE                    | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |    540805 | NS      | $156865898.30  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| GRS - SECURITY LENDING COLLATERAL     | TREASURY RESERVE FUND - Collateral       | CUSIP: 000000000<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | STIV             | RF                | US        | 112077121 | NS      | $112077121.00  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                | UNITEDHEALTH GROUP INC                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |   1316399 | NS      | $434556473.89  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORP                    | VALERO ENERGY CORP                       | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |   1980323 | NS      | $322376781.17  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES INC                   | VICI PROPERTIES INC                      | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |   4582752 | NS      | $128866986.24  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC-CLASS A SHARES               | VISA INC                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    440940 | NS      | $154642067.40  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                           | WALMART INC                              | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    926154 | NS      | $103182817.14  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| WALT DISNEY CO/THE                    | WALT DISNEY CO/THE                       | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |   2038577 | NS      | $231928905.29  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC                         | WELLTOWER INC                            | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |   1707046 | NS      | $316844808.06  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WABTEC CORP                           | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |   2531861 | NS      | $540425730.45  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| WW GRAINGER INC                       | WW GRAINGER INC                          | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |    196118 | NS      | $197892867.90  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| XCEL ENERGY INC                       | XCEL ENERGY INC                          | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |   4406990 | NS      | $325500281.40  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-04

**Name of Applicant:** T. ROWE PRICE VALUE FUND, INC.

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President