# EDGAR Filing Document

**Accession Number:** 0000927845
**File Stem:** 0001099263-25-003640
**Filing Date:** 2025-11
**Character Count:** 37427
**Document Hash:** ce9f229f73e59ac168b8326dd415f711
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-25-003640.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001099263-25-003640

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**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:** 251521934

**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:** 2025-09-30

**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:** $30377268167.57

**Total Liabilities:** $31772250.73

**Net Assets:** $30345495916.84

**Cash Not Reported:** $0.23

**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 | -0.23%               | 3.09%                | 0.78%                |
| Class ID C000005516 | -0.26%               | 3.09%                | 0.76%                |
| Class ID C000159681 | -0.23%               | 3.11%                | 0.78%                |
| Class ID C000219322 | -0.19%               | 3.16%                | 0.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $109427698.12            | $-182326559.67                             |
| Month 2  | $56230467.05             | $830829494.91                              |
| Month 3  | $23770240.30             | $166245581.22                              |

### 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        |   2376058 | NS      | $318249208.52  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ALCON INC                             | ALCON AG                                           | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |   4108976 | NS      | $306159801.76  | 1.01%             |  |  |  | No            |                  1 | On Loan: —       |
| ALLSTATE CORP                         | ALLSTATE CORP/THE                                  | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |   2669512 | NS      | $573010750.80  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC CL A                     | ALPHABET INC                                       | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   2230347 | NS      | $542197355.70  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC CL C                     | ALPHABET INC                                       | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   1888669 | NS      | $459985334.95  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                        | AMAZON.COM INC                                     | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   2308240 | NS      | $506820256.80  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| AMEREN CORPORATION                    | AMEREN CORP                                        | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |   3625877 | NS      | $378469041.26  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS CO                   | AMERICAN EXPRESS CO                                | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |   1170822 | NS      | $388900235.52  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN WATER WORKS CO INC           | AMERICAN WATER WORKS CO INC                        | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |   1049103 | NS      | $146024646.57  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK INC                            | AMETEK INC                                         | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |   2867221 | NS      | $539037548.00  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ANALOG DEVICES INC                    | ANALOG DEVICES INC                                 | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |   1289032 | NS      | $316715162.40  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT IN          | ANNALY CAPITAL MANAGEMENT INC                      | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |   8173648 | NS      | $165189426.08  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT INC          | APOLLO GLOBAL MANAGEMENT INC                       | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |   1108700 | NS      | $147756449.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC-SPONS ADR             | ASTRAZENECA PLC                                    | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |   2130716 | NS      | $163468531.52  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMOS ENERGY CORP                     | ATMOS ENERGY CORP                                  | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |   1123076 | NS      | $191765227.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOZONE INC                          | AUTOZONE INC                                       | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |    117978 | NS      | $506153934.72  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| BALL CORP                             | BALL CORP                                          | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |   3675559 | NS      | $185321684.78  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                  | BANK OF AMERICA CORP                               | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   8339267 | NS      | $430222784.53  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC-CL B           | BERKSHIRE HATHAWAY INC                             | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |   2026021 | NS      | $1018561797.54 | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP            | CAPITAL ONE FINANCIAL CORP                         | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    473029 | NS      | $100556504.82  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC                       | CATERPILLAR INC                                    | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |    784413 | NS      | $374282662.95  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA INC                           | CENCORA INC                                        | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |   1415816 | NS      | $442484974.48  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHWAB (CHARLES) CORP                 | CHARLES SCHWAB CORP/THE                            | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |   6093749 | NS      | $581770217.03  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                          | CHEVRON CORP                                       | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2938418 | NS      | $456306931.22  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA GROUP/THE                       | CIGNA GROUP/THE                                    | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |    949800 | NS      | $273779850.00  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                         | CITIGROUP INC                                      | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |   2178425 | NS      | $221110137.50  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC                         | CME GROUP INC                                      | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |    574622 | NS      | $155257118.18  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| COLGATE-PALMOLIVE CO                  | COLGATE-PALMOLIVE CO                               | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |   2930972 | NS      | $234301901.68  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP-CLASS A                  | COMCAST CORP                                       | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |   1351133 | NS      | $42452598.86   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                        | CONOCOPHILLIPS                                     | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |   5677202 | NS      | $537006537.18  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL INC              | COREBRIDGE FINANCIAL INC                           | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |   7605256 | NS      | $243748454.80  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CORPAY INC                            | CORPAY INC                                         | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |    543720 | NS      | $156623983.20  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX CORP                              | CSX CORP                                           | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |   1052870 | NS      | $37387413.70   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                          | DANAHER CORP                                       | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |    534424 | NS      | $105954902.24  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DEERE & CO                            | DEERE & CO                                         | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |   1570901 | NS      | $718310191.26  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR TREE INC                       | DOLLAR TREE INC                                    | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |   2807905 | NS      | $264981994.85  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH INC                   | ELEVANCE HEALTH INC                                | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    678983 | NS      | $219392986.96  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUIFAX INC                           | EQUIFAX INC                                        | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |    634037 | NS      | $162649511.61  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSEX PROPERTY TRUST INC              | ESSEX PROPERTY TRUST INC                           | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |    753878 | NS      | $201782985.48  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                      | EXXON MOBIL CORP                                   | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |   1833619 | NS      | $206740542.25  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP                   | FIFTH THIRD BANCORP                                | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |   2653300 | NS      | $118204515.00  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANCO-NEVADA CORP                    | FRANCO-NEVADA CORP                                 | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |    255342 | NS      | $56918285.22   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL AEROSPACE                     | GENERAL ELECTRIC CO                                | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |   1234755 | NS      | $371438999.10  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC                   | GILEAD SCIENCES INC                                | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |   3418169 | NS      | $379416759.00  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC               | GOLDMAN SACHS GROUP INC/THE                        | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |    284538 | NS      | $226591836.30  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                        | HOME DEPOT INC/THE                                 | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |   1073569 | NS      | $434999423.11  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEL CORP                            | INTEL CORP                                         | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |   5984065 | NS      | $200765380.75  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC         | INTERCONTINENTAL EXCHANGE INC                      | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |   2774890 | NS      | $467513467.20  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL PAPER CO                | INTERNATIONAL PAPER CO                             | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |  12286642 | NS      | $570100188.80  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN CHASE & CO.               | JPMORGAN CHASE & CO                                | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |   3957464 | NS      | $1248302869.52 | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| KENVUE INC                            | KENVUE INC                                         | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |  16567547 | NS      | $268891287.81  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                               | KEYCORP                                            | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |  15884749 | NS      | $296885958.81  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES IN              | KEYSIGHT TECHNOLOGIES INC                          | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |   4002147 | NS      | $700055553.24  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORP                              | KLA CORP                                           | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |    178091 | NS      | $192088952.60  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| L3HARRIS TECHNOLOGIES INC             | L3HARRIS TECHNOLOGIES INC                          | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |    355634 | NS      | $108614179.94  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PLC                             | LINDE PLC                                          | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |    855964 | NS      | $406582900.00  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALD S CORP                       | MCDONALD'S CORP                                    | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |   1453269 | NS      | $441633916.41  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC-CLASS A            | META PLATFORMS INC                                 | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    211683 | NS      | $155455761.54  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                           | METLIFE INC                                        | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    934722 | NS      | $76993051.14   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                        | MICROSOFT CORP                                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    588291 | NS      | $304705323.45  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLINA HEALTHCARE INC                 | MOLINA HEALTHCARE INC                              | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |    404715 | NS      | $77446262.40   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDELEZ INTERNATIONAL INC            | MONDELEZ INTERNATIONAL INC                         | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |   6770143 | NS      | $422930833.21  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| NORFOLK SOUTHERN CORP                 | NORFOLK SOUTHERN CORP                              | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |    982048 | NS      | $295017039.68  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHROP GRUMMAN CORP                 | NORTHROP GRUMMAN CORP                              | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |    398877 | NS      | $243043733.64  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD DOMINION FREIGHT LINE             | OLD DOMINION FREIGHT LINE INC                      | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |   1763529 | NS      | $248269612.62  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| OWENS CORNING                         | OWENS CORNING                                      | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |    912178 | NS      | $129036699.88  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| PARKER HANNIFIN CORP                  | PARKER-HANNIFIN CORP                               | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |    615337 | NS      | $466517746.55  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| PENTAIR PLC                           | PENTAIR PLC                                        | CUSIP: 000000000<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |   1449679 | NS      | $160566446.04  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| PINTEREST INC- CLASS A                | PINTEREST INC                                      | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3811784 | NS      | $122625091.28  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG INDUSTRIES INC                    | PPG INDUSTRIES INC                                 | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |   1209650 | NS      | $127146311.50  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE CO/THE               | PROCTER & GAMBLE CO/THE                            | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |   3189249 | NS      | $490028108.85  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESSIVE CORP                      | PROGRESSIVE CORP/THE                               | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    169896 | NS      | $41955817.20   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                        | PUBLIC STORAGE                                     | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |    520067 | NS      | $150221352.95  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEST DIAGNOSTICS INC                 | QUEST DIAGNOSTICS INC                              | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |    930474 | NS      | $177329734.92  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| RANGE RESOURCES CORP                  | RANGE RESOURCES CORP                               | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |   9499965 | NS      | $357578682.60  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC SERVICES INC                 | REPUBLIC SERVICES INC                              | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |   1723262 | NS      | $395454163.76  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| REVVITY INC                           | REVVITY INC                                        | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |   3008944 | NS      | $263733941.60  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SHERWIN-WILLIAMS CO/THE               | SHERWIN-WILLIAMS CO/THE                            | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |   1552510 | NS      | $537572112.60  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHLUMBERGER LTD                      | SLB LTD                                            | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |   7484989 | NS      | $257259071.93  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN CO/THE                       | SOUTHERN CO/THE                                    | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |   3698323 | NS      | $350490070.71  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US INC                       | T-MOBILE US INC                                    | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |   1140156 | NS      | $272930543.28  | 0.90%             |  |  |  | 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        | 188942723 | NS      | $188942722.67  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Government Reserve Fund | T. Rowe Price Government Reserve Fund - Collateral | CUSIP: 76105YYY8<br>LEI: 5493002Y0IYARJVQ5N24 | Long             | STIV             | RF                | US        |  17346880 | NS      | $17346880.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TE CONNECTIVITY PLC                   | TE CONNECTIVITY PLC                                | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |    924003 | NS      | $202846378.59  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNIPFMC PLC                        | TECHNIPFMC PLC                                     | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |   5843759 | NS      | $230536292.55  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORP                 | TENET HEALTHCARE CORP                              | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |   1983560 | NS      | $402742022.40  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INC                 | TEXAS INSTRUMENTS INC                              | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |   2858132 | NS      | $525124592.36  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELERS COS INC/THE                 | TRAVELERS COS INC/THE                              | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |   1518075 | NS      | $423876901.50  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                | UNITEDHEALTH GROUP INC                             | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    948546 | NS      | $327532933.80  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORP                    | VALERO ENERGY CORP                                 | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |   2114393 | NS      | $359996552.18  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES INC                   | VICI PROPERTIES INC                                | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |   4603255 | NS      | $150112145.55  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC-CLASS A SHARES               | VISA INC                                           | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    422134 | NS      | $144108104.92  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                           | WALMART INC                                        | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |   2630471 | NS      | $271096341.26  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC                         | WELLTOWER INC                                      | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |   1655594 | NS      | $294927515.16  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| WABTEC CORP                           | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP           | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |   2526056 | NS      | $506398446.32  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| WW GRAINGER INC                       | WW GRAINGER INC                                    | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |    166800 | NS      | $158953728.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| XCEL ENERGY INC                       | XCEL ENERGY INC                                    | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |   6183386 | NS      | $498690080.90  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-05

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President