# EDGAR Filing Document

**Accession Number:** 0000927845
**File Stem:** 0000927845-25-000032
**Filing Date:** 2025-8
**Character Count:** 39421
**Document Hash:** 3dfca8c2ba8c473653757458ed65afe7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000927845-25-000032.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0000927845-25-000032

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**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:** 251256833

**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:** 2025-06-30

**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:** $29974902949.62

**Total Liabilities:** $45660211.54

**Net Assets:** $29929242738.08

**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 C000159681 | -3.59%               | 2.55%                | 2.31%                |
| Class ID C000005516 | -3.61%               | 2.50%                | 2.28%                |
| Class ID C000219322 | -3.54%               | 2.56%                | 2.39%                |
| Class ID C000005515 | -3.60%               | 2.52%                | 2.31%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $147518977.46            | $-1238003180.10                            |
| Month 2  | $173063746.53            | $521772117.99                              |
| Month 3  | $46549220.06             | $584690881.51                              |

### 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        |   1224632 | NS      | $166562198.32  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                        | ALLSTATE CORP/THE                                  | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |   2687232 | NS      | $540966673.92  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                             | ALPHABET INC                                       | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   1979571 | NS      | $351156099.69  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                             | ALPHABET INC                                       | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   2076452 | NS      | $365933135.96  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                           | AMAZON.COM INC                                     | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   2529737 | NS      | $554999000.43  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                              | AMEREN CORP                                        | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |   3649946 | NS      | $350540813.84  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                      | AMERICAN EXPRESS CO                                | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |   1178594 | NS      | $375947914.12  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc              | AMERICAN WATER WORKS CO INC                        | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |   1056068 | NS      | $146909619.48  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                              | CENCORA INC                                        | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |   1425215 | NS      | $427350717.75  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                               | AMETEK INC                                         | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |   2886255 | NS      | $522296704.80  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                       | ANALOG DEVICES INC                                 | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |   1297589 | NS      | $308852133.78  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management Inc            | ANNALY CAPITAL MANAGEMENT INC                      | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |   8227907 | NS      | $154849209.74  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                      | ELEVANCE HEALTH INC                                | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    955942 | NS      | $371823200.32  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                          | ASTRAZENECA PLC                                    | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |   4136543 | NS      | $289061624.84  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                        | ATMOS ENERGY CORP                                  | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |   1130531 | NS      | $174226132.41  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                             | AUTOZONE INC                                       | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |    108457 | NS      | $402617329.11  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                                | BALL CORP                                          | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |   3574329 | NS      | $200484113.61  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                     | BANK OF AMERICA CORP                               | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   8394625 | NS      | $397233655.00  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                    | BECTON DICKINSON & CO                              | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |   1311495 | NS      | $225905013.75  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                   | BERKSHIRE HATHAWAY INC                             | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |   2039470 | NS      | $990713341.90  | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                          | CIGNA GROUP/THE                                    | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |    821675 | NS      | $271629321.50  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                            | CME GROUP INC                                      | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |    578437 | NS      | $159428805.94  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp               | CAPITAL ONE FINANCIAL CORP                         | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    611964 | NS      | $130201460.64  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                             | CHEVRON CORP                                       | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2359724 | NS      | $337888879.56  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                            | CITIGROUP INC                                      | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |   2192886 | NS      | $186658456.32  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                     | COLGATE-PALMOLIVE CO                               | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |   2848029 | NS      | $258885836.10  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                             | COMCAST CORP                                       | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |   6009145 | NS      | $214466385.05  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                           | CONOCOPHILLIPS                                     | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |   4681495 | NS      | $420117361.30  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc                 | COREBRIDGE FINANCIAL INC                           | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |   7218055 | NS      | $256240952.50  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                               | CORPAY INC                                         | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |    547330 | NS      | $181615040.60  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                             | DANAHER CORP                                       | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |    537971 | NS      | $106270791.34  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                               | DEERE & CO                                         | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |   1136907 | NS      | $578105840.43  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                   | DIAMONDBACK ENERGY INC                             | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |    803381 | NS      | $110384549.40  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                          | DOLLAR TREE INC                                    | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |   1935138 | NS      | $191656067.52  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                              | EQUIFAX INC                                        | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |    588895 | NS      | $152741696.15  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                 | ESSEX PROPERTY TRUST INC                           | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |    650243 | NS      | $184278866.20  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                         | EXXON MOBIL CORP                                   | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |   1845791 | NS      | $198976269.80  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                       | META PLATFORMS INC                                 | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    107600 | NS      | $79418484.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                 | FERGUSON ENTERPRISES INC                           | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |    751999 | NS      | $163747782.25  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                               | FISERV INC                                         | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |   1767875 | NS      | $304799328.75  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp                       | FRANCO-NEVADA CORP                                 | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |    257037 | NS      | $42133505.04   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Freeport-McMoRan Inc                     | FREEPORT-MCMORAN INC                               | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |   3965856 | NS      | $171919857.60  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                      | GENERAL ELECTRIC CO                                | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |   1464263 | NS      | $376886653.57  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                      | GILEAD SCIENCES INC                                | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |   3361059 | NS      | $372640611.33  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The              | GOLDMAN SACHS GROUP INC/THE                        | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |    286427 | NS      | $202718709.25  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                       | HOME DEPOT INC/THE                                 | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |   1080695 | NS      | $396226014.80  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                               | INTEL CORP                                         | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |   5413198 | NS      | $121255635.20  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc            | INTERCONTINENTAL EXCHANGE INC                      | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |   2793310 | NS      | $512488585.70  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                   | INTERNATIONAL PAPER CO                             | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |   7648894 | NS      | $358197706.02  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                      | JPMORGAN CHASE & CO                                | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |   3983735 | NS      | $1154924613.85 | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                 | KLA CORP                                           | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |    254635 | NS      | $228086754.90  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                               | KENVUE INC                                         | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |  23361841 | NS      | $488963332.13  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                  | KEYCORP                                            | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |  13578410 | NS      | $236535902.20  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                | KEYSIGHT TECHNOLOGIES INC                          | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |   3896398 | NS      | $638463776.28  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                | L3HARRIS TECHNOLOGIES INC                          | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |    964459 | NS      | $241924895.56  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald s Corp                          | MCDONALD'S CORP                                    | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |   1412986 | NS      | $412832119.62  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                              | METLIFE INC                                        | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    940927 | NS      | $75669349.34   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                           | MICROSOFT CORP                                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    532297 | NS      | $264769850.77  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc               | MONDELEZ INTERNATIONAL INC                         | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |   5746022 | NS      | $387511723.68  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                    | NORFOLK SOUTHERN CORP                              | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |   1792402 | NS      | $458801139.94  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                    | NORTHROP GRUMMAN CORP                              | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |    401526 | NS      | $200754969.48  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc            | OLD DOMINION FREIGHT LINE INC                      | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |   1511616 | NS      | $245335276.80  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                            | OWENS CORNING                                      | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |    918233 | NS      | $126275402.16  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                       | PPG INDUSTRIES INC                                 | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |   1349756 | NS      | $153534745.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp                     | PARKER-HANNIFIN CORP                               | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |    619422 | NS      | $432647684.34  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Revvity Inc                              | REVVITY INC                                        | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |   2894568 | NS      | $279962616.96  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                              | PHILLIPS 66                                        | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |   1114605 | NS      | $132972376.50  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                            | PINTEREST INC                                      | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   4635452 | NS      | $166227308.72  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                  | PROCTER & GAMBLE CO/THE                            | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |   2978515 | NS      | $474537009.80  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                     | PROGRESSIVE CORP/THE                               | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    171024 | NS      | $45639464.64   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                           | PUBLIC STORAGE                                     | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |    929420 | NS      | $272710416.40  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                    | QUEST DIAGNOSTICS INC                              | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |    936651 | NS      | $168250619.13  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp                     | RANGE RESOURCES CORP                               | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |   9563027 | NS      | $388928308.09  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                    | REPUBLIC SERVICES INC                              | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |   1189335 | NS      | $293301904.35  | 0.98%             |  |  |  | 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        | 114589025 | NS      | $114589024.52  | 0.38%             |  |  |  | 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        |  31429908 | NS      | $31429908.25   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                  | ROCKWELL AUTOMATION INC                            | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |    287153 | NS      | $95383612.01   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                          | ROSS STORES INC                                    | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |   1737413 | NS      | $221659150.54  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                          | SCHLUMBERGER NV                                    | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |   9238210 | NS      | $312251498.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                  | CHARLES SCHWAB CORP/THE                            | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |   6134201 | NS      | $559684499.24  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                  | SHERWIN-WILLIAMS CO/THE                            | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |   1454791 | NS      | $499517037.76  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                          | SOUTHERN CO/THE                                    | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |   1144100 | NS      | $105062703.00  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                          | T-MOBILE US INC                                    | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |   1147725 | NS      | $273456958.50  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp                    | TENET HEALTHCARE CORP                              | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |   2149027 | NS      | $378228752.00  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                    | TEXAS INSTRUMENTS INC                              | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |   2525856 | NS      | $524418222.72  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                        | TRACTOR SUPPLY CO                                  | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |   3080089 | NS      | $162536296.53  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                    | TRAVELERS COS INC/THE                              | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |   1528152 | NS      | $408841786.08  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                       | UNION PACIFIC CORP                                 | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |   1598341 | NS      | $367746297.28  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                   | UNITEDHEALTH GROUP INC                             | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |   1114355 | NS      | $347645329.35  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                       | VALERO ENERGY CORP                                 | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |   1930069 | NS      | $259439874.98  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                      | VICI PROPERTIES INC                                | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |   4633811 | NS      | $151062238.60  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                 | VISA INC                                           | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    424937 | NS      | $150873881.85  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP           | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |   2542824 | NS      | $532340204.40  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                              | WALMART INC                                        | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |   2182760 | NS      | $213430272.80  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                            | WELLTOWER INC                                      | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |   1250384 | NS      | $192221532.32  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                          | XCEL ENERGY INC                                    | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |   6224433 | NS      | $423883887.30  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                | CHUBB LTD                                          | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |    639559 | NS      | $185293033.48  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                            | ACCENTURE PLC                                      | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |    267211 | NS      | $79866695.79   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                           | TECHNIPFMC PLC                                     | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |   5882551 | NS      | $202595056.44  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                                 | ALCON AG                                           | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |   2851948 | NS      | $251769969.44  | 0.84%             |  |  |  | No            |                  1 | On Loan: —       |
| Linde PLC                                | LINDE PLC                                          | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |    861646 | NS      | $404267070.28  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                      | TE CONNECTIVITY PLC                                | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |    930137 | NS      | $156886207.79  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-04

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President