# EDGAR Filing Document

**Accession Number:** 0000927845
**File Stem:** 0000927845-23-000010
**Filing Date:** 2023-2
**Character Count:** 40860
**Document Hash:** 78b69fcbeb7458b6f6e7c4960a677be1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000927845-23-000010.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0000927845-23-000010

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Value Fund, Inc.
- **CENTRAL INDEX KEY:** 0000927845
- **IRS NUMBER:** 521892646
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07209
- **FILM NUMBER:** 23667607

**BUSINESS ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

**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:** 100 East Pratt Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21202

  - **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:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $28077398673.62

**Total Liabilities:** $130011799.34

**Net Assets:** $27947386874.28

**Delayed Delivery Securities:** $29860929.64

**Cash Not Reported:** $5938.58

**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 C000219322 | 9.26%                | 4.97%                | -3.07%               |
| Class ID C000159681 | 9.21%                | 4.92%                | -3.12%               |
| Class ID C000005515 | 9.20%                | 4.89%                | -3.12%               |
| Class ID C000005516 | 9.18%                | 4.90%                | -3.15%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-165749689.93           | $2590174939.61                             |
| Month 2  | $162004575.36            | $1137895047.08                             |
| Month 3  | $-62052749.24            | $-890953173.85                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Eaton Corp PLC                                  | EATON CORP PLC                                               | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |   2855365 | NS      | $448149536.75  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity Ltd                             | TE CONNECTIVITY LTD                                          | CUSIP: 000000000<br>LEI: 894500ZRIX9K13RHXR17 | Long             | EC               | CORP              | CH        |    686100 | NS      | $78764280.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                   | ACCENTURE PLC                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |    386844 | NS      | $103225452.96  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                       | CHUBB LTD                                                    | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |   2563019 | NS      | $565401991.40  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum  Brands Inc                                 | YUM! BRANDS INC                                              | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |   1065330 | NS      | $136447466.40  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                 | XCEL ENERGY INC                                              | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |   1105350 | NS      | $77496088.50   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                                 | WEYERHAEUSER CO                                              | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |   4469537 | NS      | $138555647.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                | WELLS FARGO & CO                                             | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |  11405587 | NS      | $470936687.23  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                     | WALMART INC                                                  | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |   3403124 | NS      | $482528951.96  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc                            | WEC ENERGY GROUP INC                                         | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |    428671 | NS      | $40192192.96   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                      | VERIZON COMMUNICATIONS INC                                   | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |   7320530 | NS      | $288428882.00  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                          | UNITEDHEALTH GROUP INC                                       | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    175979 | NS      | $93300546.22   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                              | UNION PACIFIC CORP                                           | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    745308 | NS      | $154330927.56  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                                 | ULTA BEAUTY INC                                              | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |    365502 | NS      | $171446023.14  | 0.61%             |  |  |  | No            |                  1 | On Loan: —       |
| US Bancorp                                      | US BANCORP                                                   | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |   6357070 | NS      | $277231822.70  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                           | TRAVELERS COS INC/THE                                        | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |   3316710 | NS      | $621849957.90  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                    | THERMO FISHER SCIENTIFIC INC                                 | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |    551679 | NS      | $303804108.51  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                           | TEXAS INSTRUMENTS INC                                        | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |   1416620 | NS      | $234053956.40  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                                 | TJX COS INC/THE                                              | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |   1832049 | NS      | $145831100.40  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                                 | SOUTHERN CO/THE                                              | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |  12396579 | NS      | $885239706.39  | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                         | SHERWIN-WILLIAMS CO/THE                                      | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |    543862 | NS      | $129074768.46  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Energy                                   | SEMPRA ENERGY                                                | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |   1799406 | NS      | $278080203.24  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                 | ROSS STORES INC                                              | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |    875507 | NS      | $101620097.49  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Government Reserve Investment Fund | T ROWE PRICE GOVERNMENT RESERVE INVESTMENT FUND - Collateral | CUSIP: 76105YYY8<br>LEI: 5493007QR86JJLYO6D96 | Long             | STIV             | RF                | US        |     50650 | NS      | $50650.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Government Reserve Investment Fund | T ROWE PRICE GOVERNMENT RESERVE INVESTMENT FUND              | CUSIP: 76105Y109<br>LEI: 5493007QR86JJLYO6D96 | Long             | STIV             | RF                | US        | 530374845 | NS      | $530374844.98  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                           | REPUBLIC SERVICES INC                                        | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |    903909 | NS      | $116595221.91  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                    | PROLOGIS INC                                                 | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |   2566181 | NS      | $289285584.13  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                            | PROGRESSIVE CORP/THE                                         | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |   3910703 | NS      | $507257286.13  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                         | PROCTER & GAMBLE CO/THE                                      | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |   3309435 | NS      | $501577968.60  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                 | PHILIP MORRIS INTERNATIONAL INC                              | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |   6940737 | NS      | $702471991.77  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PerkinElmer Inc                                 | PERKINELMER INC                                              | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |    913816 | NS      | $128135279.52  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                     | NUTRIEN LTD                                                  | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |   3895937 | NS      | $284520279.11  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                           | NORTHROP GRUMMAN CORP                                        | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |    231490 | NS      | $126303258.90  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                           | NORFOLK SOUTHERN CORP                                        | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |    932585 | NS      | $229807595.70  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                      | MONDELEZ INTERNATIONAL INC                                   | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |   7508353 | NS      | $500431727.45  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                           | MICRON TECHNOLOGY INC                                        | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |   3151181 | NS      | $157496026.38  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                  | MICROSOFT CORP                                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    504764 | NS      | $121052502.48  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                     | METLIFE INC                                                  | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |   6360618 | NS      | $460317924.66  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                  | MERCK & CO INC                                               | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |   2078569 | NS      | $230617230.55  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald s Corp                                 | MCDONALD'S CORP                                              | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |   1850039 | NS      | $487540777.67  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                                      | SIEMENS AG                                                   | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |   1034665 | NS      | $142629939.68  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Lam Research Corp                               | LAM RESEARCH CORP                                            | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    389572 | NS      | $163737111.60  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                       | L3HARRIS TECHNOLOGIES INC                                    | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |   2155054 | NS      | $448703793.34  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The                              | KRAFT HEINZ CO/THE                                           | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |   7675940 | NS      | $312487517.40  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                               | KINDER MORGAN INC                                            | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |  15520564 | NS      | $280611797.12  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                             | KIMBERLY-CLARK CORP                                          | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |    839377 | NS      | $113945427.75  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                            | KEURIG DR PEPPER INC                                         | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |   4744909 | NS      | $169203454.94  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                        | KLA CORP                                                     | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |   1155769 | NS      | $435759586.07  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                               | JOHNSON & JOHNSON                                            | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |   5358573 | NS      | $946591920.45  | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                             | JPMORGAN CHASE & CO                                          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |   5442514 | NS      | $729841127.40  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| International Flavors & Fragrances Inc          | INTERNATIONAL FLAVORS & FRAGRANCES INC                       | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |   1339797 | NS      | $140464317.48  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                                      | HUMANA INC                                                   | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |    312090 | NS      | $159849377.10  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                     | HUBBELL INC                                                  | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |    552316 | NS      | $129617518.88  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc                     | HONEYWELL INTERNATIONAL INC                                  | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |   1307549 | NS      | $280207750.70  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                              | HOME DEPOT INC/THE                                           | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    849613 | NS      | $268358762.18  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Financial Services Group Inc/The       | HARTFORD FINANCIAL SERVICES GROUP INC/THE                    | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |   2467301 | NS      | $187095434.83  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                              | HCA HEALTHCARE INC                                           | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |   1352091 | NS      | $324447756.36  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                     | GOLDMAN SACHS GROUP INC/THE                                  | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |    563052 | NS      | $193340795.76  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                             | GENERAL ELECTRIC CO                                          | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |   5667157 | NS      | $474851085.03  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc                  | GE HEALTHCARE TECHNOLOGIES INC                               | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |    528005 | NS      | $30824931.90   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp                                | FIRSTENERGY CORP                                             | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |   3780769 | NS      | $158565451.86  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                      | FISERV INC                                                   | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |   4166727 | NS      | $421131097.89  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc      | FIDELITY NATIONAL INFORMATION SERVICES INC                   | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |   1292200 | NS      | $87675770.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                | EXXON MOBIL CORP                                             | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |   7670428 | NS      | $846048208.40  | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc                 | EQUITY LIFESTYLE PROPERTIES INC                              | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |    947067 | NS      | $61180528.20   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                                      | DOVER CORP                                                   | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |    397119 | NS      | $53773883.79   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                             | DOMINION ENERGY INC                                          | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |   1737951 | NS      | $106571155.32  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                             | DOLLAR GENERAL CORP                                          | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |    917044 | NS      | $225822085.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                              | WALT DISNEY CO/THE                                           | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |   2148643 | NS      | $186674103.84  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                                    | DANAHER CORP                                                 | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |    616925 | NS      | $163744233.50  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                                   | DTE ENERGY CO                                                | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |    924284 | NS      | $108631098.52  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                     | CUMMINS INC                                                  | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |    114325 | NS      | $27699804.25   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc                        | COREBRIDGE FINANCIAL INC                                     | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |   3773222 | NS      | $75690833.32   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc                        | CONSTELLATION BRANDS INC                                     | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |    151171 | NS      | $35033879.25   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                  | CONOCOPHILLIPS                                               | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    523871 | NS      | $61816778.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                                | COCA-COLA CO/THE                                             | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |   1966048 | NS      | $125060313.28  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                   | CITIGROUP INC                                                | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |   2851495 | NS      | $128973118.85  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                    | CHEVRON CORP                                                 | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2564672 | NS      | $460332977.28  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                                    | CENTENE CORP                                                 | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |   3749081 | NS      | $307462132.81  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                        | CSX CORP                                                     | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |  10718552 | NS      | $332060740.96  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Corp                                      | CIGNA CORP                                                   | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |    358060 | NS      | $118639600.40  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                    | BROADCOM INC                                                 | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    715913 | NS      | $400288435.69  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Properties Inc                           | BOSTON PROPERTIES INC                                        | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |    438000 | NS      | $29600040.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp                | BOOZ ALLEN HAMILTON HOLDING CORP                             | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |    128392 | NS      | $13419531.84   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                            | BOOKING HOLDINGS INC                                         | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       631 | NS      | $1271641.68    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                          | BERKSHIRE HATHAWAY INC                                       | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |   1689879 | NS      | $522003623.10  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson and Co                         | BECTON DICKINSON AND CO                                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |   3099257 | NS      | $788141055.10  | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                            | BANK OF AMERICA CORP                                         | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |  26041591 | NS      | $862497493.92  | 3.09%             |  |  |  | No            |                  1 | On Loan: —       |
| AstraZeneca PLC                                 | ASTRAZENECA PLC                                              | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |   5859712 | NS      | $397288473.60  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                           | APPLIED MATERIALS INC                                        | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |   1538511 | NS      | $149820201.18  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                             | ELEVANCE HEALTH INC                                          | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |   2057499 | NS      | $1055435262.03 | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                                       | AMGEN INC                                                    | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |    597674 | NS      | $156973099.36  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                                      | AMETEK INC                                                   | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |    539797 | NS      | $75420436.84   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AmerisourceBergen Corp                          | AMERISOURCEBERGEN CORP                                       | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |    903728 | NS      | $149756766.88  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc                | AMERICAN INTERNATIONAL GROUP INC                             | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |   2855990 | NS      | $180612807.60  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc                  | AMERICAN ELECTRIC POWER CO INC                               | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |   1935040 | NS      | $183732048.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                                     | AMEREN CORP                                                  | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |   1228965 | NS      | $109279567.80  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                    | ALPHABET INC                                                 | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   6759276 | NS      | $599750559.48  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                               | ALLSTATE CORP/THE                                            | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |   1740212 | NS      | $235972747.20  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard Inc                         | ACTIVISION BLIZZARD INC                                      | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |   1565200 | NS      | $119816060.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                      | ABBVIE INC                                                   | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |   2244166 | NS      | $362679667.26  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President