T. Rowe Price Capital Appreciation and Income Fund
T. ROWE PRICE CAPITAL APPRECIATION FUND, INC.
Portfolio moves
Net position changes between two of this fund's N-PORT
snapshots. These are differences between point-in-time reports — not a
trade log — and share counts can be affected by splits and other corporate
actions.
Dec 31, 2025 → Mar 31, 2026
Expand a category to
see the positions behind it, ranked by weight.
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
APPLIED SYSTEMS TERM B 1LN 02/24/2031
0
6,763,521
6,763,521
1.67%
$6.62M
T/L HILTON WORLDWIDE FINANCE REGD ZCP TERM LOAN 0.00000000
0
5,022,000
5,022,000
1.27%
$5.03M
JOHNSON&JOHNSON
0
10,185
10,185
0.63%
$2.49M
GENERAL ELECTRIC CO
0
6,624
6,624
0.47%
$1.88M
CREATIVE PLANNING TERM B 1LN 5/17/2031
0
1,441,011
1,441,011
0.36%
$1.43M
PROLOGIS INC REIT
0
10,760
10,760
0.36%
$1.42M
SOUTHERN CO
0
1,235,000
1,235,000
0.31%
$1.24M
TransDigm Inc
0
1,222,000
1,222,000
0.30%
$1.20M
BANK OF NEW YORK MELLON CORP
0
9,577
9,577
0.29%
$1.14M
AMER ELEC PWR
0
1,139,000
1,139,000
0.28%
$1.13M
KROGER CO
0
14,612
14,612
0.27%
$1.06M
US FOODS HOLDING CORP
0
11,463
11,463
0.27%
$1.06M
WATERS CORP
0
3,515
3,515
0.26%
$1.05M
TransDigm Term Loan N 250 2033-02-07
0
1,039,000
1,039,000
0.26%
$1.04M
WAYMO LLC SER D-2 CVT PFD UNITS PP
0
6,205
6,205
0.26%
$1.02M
PHILIP MORRIS INTL INC
0
6,115
6,115
0.26%
$1.01M
KEURIG DR PEPPER SER A CVT PIPE COMMIT P
0
995
995
0.25%
$995.00K
THERMO FISHER SCIENTIFIC INC
0
1,793
1,793
0.22%
$881.31K
KLA CORP
0
597
597
0.22%
$879.03K
AMWINS TERM B 1LN 01/30/2032
0
865,574
865,574
0.22%
$858.93K
MICRON TECHNOLOGY INC
0
2,162
2,162
0.18%
$730.41K
LAM RESEARCH CORP
0
3,301
3,301
0.18%
$705.29K
MOTOROLA SOLUTIONS INC
0
1,497
1,497
0.16%
$649.65K
ACUITY INC
0
2,125
2,125
0.15%
$595.47K
Ascendis Pharma A/S
0
2,545
2,545
0.15%
$582.12K
Mariner Wealth Advisors LLC, First Lien, Term Loan, B
0
578,908
578,908
0.15%
$576.62K
LEIDOS HOLDINGS INC
0
3,638
3,638
0.14%
$565.78K
SAP SE
0
3,270
3,270
0.14%
$559.86K
NETFLIX INC
0
5,778
5,778
0.14%
$555.55K
EAST WEST BNCRP
0
5,044
5,044
0.14%
$538.50K
CONOCOPHILLIPS
0
4,041
4,041
0.13%
$533.41K
MUELLER INDUSTRIES INC
0
4,680
4,680
0.13%
$518.54K
BENTLEY SYSTEM-B
0
14,274
14,274
0.13%
$501.30K
TECHNIPFMC PLC
0
4,939
4,939
0.09%
$341.43K
VAXCYTE INC
0
5,299
5,299
0.08%
$307.92K
KYMERA THERAPEUTICS INC
0
2,435
2,435
0.05%
$202.81K
AMER ELEC PWR
0
160,000
160,000
0.04%
$157.99K
STRBLE TL 1L USD
0
64,836
64,836
0.02%
$61.95K
CALL PG US Equity 11/07/25 C150
0
-64
-64
0.00%
-$1.41K
PHILIP MORRIS INTL INC
0
-51
-51
0.00%
-$3.32K
CALL ABBV US Equity 11/07/25 C217.5
0
-53
-53
0.00%
-$7.29K
CALL JNJ US Equity 11/07/25 C190
0
-45
-45
0.00%
-$16.31K
KROGER CO - TRS
0
-84
-84
-0.01%
-$42.84K
CALL XOM US Equity 11/07/25 C115
0
-76
-76
-0.02%
-$77.71K
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
APPLIED SYST FRN 2/31
6,479,557
0
-6,479,557
0.00%
-$6.51M
HILTON DOMESTIC OPERATIN
4,829,000
0
-4,829,000
0.00%
-$4.86M
CPI HOLDCO B LLC
1,388,727
0
-1,388,727
0.00%
-$1.39M
ROPER TECHNOLOGIES INC
2,344
0
-2,344
0.00%
-$1.04M
DANAHER CORP
4,448
0
-4,448
0.00%
-$1.02M
OTIS WORLDWIDE CORP
11,515
0
-11,515
0.00%
-$1.01M
KEURIG DR PEPPER SER A CVT PIPE COMMIT P
995
0
-995
0.00%
-$995.00K
CVT 8 06/15/30 144A
923,000
0
-923,000
0.00%
-$950.80K
ILLINOIS TOOL WORKS INC
3,818
0
-3,818
0.00%
-$940.37K
DTE ENERGY CO
7,125
0
-7,125
0.00%
-$918.98K
T/L AMWINS GROUP INC REGD ZCP TERM LOAN 0.00000000
834,765
0
-834,765
0.00%
-$836.85K
STERIS PLC
3,124
0
-3,124
0.00%
-$792.00K
WASTE CONNECTIONS INC
4,494
0
-4,494
0.00%
-$788.07K
INTUIT INC
1,177
0
-1,177
0.00%
-$779.67K
ZOETIS INC CL A
4,887
0
-4,887
0.00%
-$614.88K
Mariner Wealth Advisors LLC, First Lien, Amendment No. 8 Refinancing Term Loan
559,762
0
-559,762
0.00%
-$562.24K
CCC Intelligent Solutions Inc. Term Loan B
540,526
0
-540,526
0.00%
-$541.88K
BOOZ ALLEN HAMILTON HLDG CL A
6,137
0
-6,137
0.00%
-$517.72K
INST TL 2L USD
459,000
0
-459,000
0.00%
-$459.00K
US TREASURY N/B
403,000
0
-403,000
0.00%
-$398.09K
AVTR 3.875 11/01/29 144A
123,000
0
-123,000
0.00%
-$117.68K
UNH US 01/16/26 C600
-13
0
13
0.00%
$6
PG US 01/16/26 C175
-74
0
74
0.00%
$37
YUM US 01/16/26 C165
-41
0
41
0.00%
$410
CI US 01/16/26 C330
-22
0
22
0.00%
$550
LMT US 01/16/26 C550
-25
0
25
0.00%
$625
DTE US 01/16/26 C150
-50
0
50
0.00%
$750
CNP US 02/20/26 C42
-99
0
99
0.00%
$1.48K
CL US 01/16/26 C105
-50
0
50
0.00%
$2.50K
EOG US 01/16/26 C155
-48
0
48
0.00%
$2.88K
XOM US 01/16/26 C125
-109
0
109
0.00%
$3.32K
MCD US 01/16/26 C335
-46
0
46
0.00%
$4.43K
CME US 01/16/26 C270
-8
0
8
0.00%
$5.20K
V US 06/18/26 C395
-22
0
22
0.00%
$10.67K
ABT US 01/16/26 C145
-99
0
99
0.00%
$12.61K
GILD US 02/20/26 C125
-40
0
40
0.00%
$17.20K
DHR US 01/16/26 C330
-25
0
25
0.00%
$50.50K
GD US 01/16/26 C300
-22
0
22
0.00%
$82.83K
CAH US 01/16/26 C140
-14
0
14
0.00%
$92.82K
ABBV US 01/16/26 C190
-30
0
30
0.00%
$119.25K
MCK US 01/16/26 C780
-8
0
8
0.00%
$129.72K
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
NVIDIA CORP
66,607
66,857
250
2.94%
-$762.34K
MICROSOFT CORP
26,176
29,443
3,267
2.75%
-$1.76M
ALPHABET INC CL A
30,137
30,933
796
2.24%
-$537.79K
AMAZON.COM INC
37,119
41,434
4,315
2.18%
$61.65K
BROADCOM INC
9,225
17,192
7,967
1.34%
$2.13M
META PLATFORMS INC CL A
8,125
8,711
586
1.26%
-$379.41K
FILTRATION GROUP TERM B 1LN 10/21/2028
4,829,014
4,923,366
94,352
1.24%
$70.17K
TRANSDIGM TERM K 1LN 03/22/2030
4,199,656
4,356,710
157,053
1.10%
$144.50K
SBA SENIOR FINANCE II LLC
3,870,952
4,025,952
155,000
1.02%
$152.67K
BROPAR TL B4 1L USD
3,108,357
3,225,099
116,741
0.79%
$24.32K
VISA INC-CLASS A
8,922
10,014
1,092
0.76%
-$102.40K
HUB INTL LTD
2,720,516
2,791,879
71,363
0.70%
$50.46K
LILLY ELI and CO
2,344
2,789
445
0.65%
$46.19K
LOIRE FINCO LUXEMBOURG SARL 2025 USD TERM LOAN B
2,257,642
2,341,773
84,131
0.59%
$81.17K
MASTERCARD INC CL A
4,572
4,648
76
0.59%
-$287.64K
HLT 5.5 03/31/34 144A
1,223,000
2,350,000
1,127,000
0.58%
$1.06M
ADV MICRO DEVICE
10,035
10,393
358
0.53%
-$34.85K
US TREASURY N/B
402,000
2,034,000
1,632,000
0.51%
$1.61M
PROCTER & GAMBLE
12,072
13,862
1,790
0.51%
$272.19K
ICON TERM B 1LN 07/03/2028
1,892,124
1,952,149
60,025
0.49%
$47.24K
MCDONALDS CORP
5,674
5,928
254
0.46%
$108.22K
VARSITY BRANDS TERM B 1LN 08/26/2031
1,763,943
1,830,356
66,413
0.46%
$51.17K
Ellucian Holdings, Inc., First Lien Term Loan B1
1,584,273
1,744,867
160,594
0.43%
$102.14K
EXELON CORP
31,861
33,367
1,506
0.41%
$246.83K
RYAN SPECIALTY TERM B 1LN 09/15/2031
1,463,508
1,548,588
85,080
0.39%
$80.29K
EOG RESOURCES INC
10,275
10,331
56
0.38%
$414.57K
BROPAR 5.875 04/15/29 144A
1,076,000
1,532,000
456,000
0.38%
$418.39K
UNITEDHEALTH GRP
4,218
5,501
1,283
0.38%
$96.11K
APPLIED MATERIALS INC
1,602
4,344
2,742
0.37%
$1.07M
TAIWAN SEMIC MFG CO LTD SP ADR
3,759
4,391
632
0.37%
$341.62K
CENCORA INC
1,910
4,337
2,427
0.34%
$717.32K
USI TERM D 1LN 11/21/2029
1,278,818
1,327,886
49,068
0.33%
$42.42K
APPLIED SYSTEMS TERM 2LN 02/23/2032
1,216,000
1,309,000
93,000
0.33%
$54.95K
TE CONNECTIVITY PLC
4,865
5,929
1,064
0.31%
$132.44K
SCHWAB CHARLES CORP
7,427
13,078
5,651
0.31%
$487.04K
EPICOR SOFTWARE TERM 1LN 05/30/2031
1,080,237
1,186,237
106,000
0.29%
$79.07K
AMETEK INC NEW
4,907
5,199
292
0.28%
$107.00K
HILTON WORLDWIDE HOLDINGS INC
2,237
3,527
1,290
0.27%
$429.91K
CYTOKINETICS INC
13,462
14,679
1,217
0.24%
$112.12K
SBA COMMUNICATIONS CORP
5,136
5,602
466
0.24%
-$29.30K
AURORA INNOVATION INC
174,596
195,665
21,069
0.20%
$135.69K
COLGATE-PALMOLIVE CO
7,619
8,986
1,367
0.19%
$163.82K
WORKDAY INC CL A
4,364
5,733
1,369
0.19%
-$192.47K
DOMINOS PIZZA INC
1,761
1,952
191
0.18%
-$33.66K
ANALOG DEVICES INC
1,286
2,113
827
0.17%
$323.47K
USI TERM C 1LN 9/29/2030
645,539
668,576
23,037
0.17%
$19.63K
CSX CORP
9,754
13,337
3,583
0.14%
$193.90K
IQVIA HOLDINGS INC
2,560
2,924
364
0.13%
-$78.39K
TELEDYNE TECHNOLOGIES INC
276
578
302
0.09%
$208.73K
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
US TREASURY N/B
14,628,000
14,444,000
-184,000
3.63%
-$370.76K
T Rowe Price Government Reserve Investment Fund
18,513,301
13,202,150
-5,311,151
3.33%
-$5.31M
APPLE INC
45,378
43,295
-2,083
2.77%
-$1.35M
JPMORGAN CHASE and CO
12,426
12,012
-414
0.89%
-$470.46K
EXXON MOBIL CORP
18,481
16,772
-1,709
0.72%
$621.53K
AMEREN CORP
28,225
25,604
-2,621
0.71%
-$4.16K
NISOURCE INC
69,790
56,707
-13,083
0.67%
-$268.48K
CENTERPOINT ENERGY INC
73,375
50,944
-22,431
0.55%
-$614.45K
YUM! BRANDS INC
19,977
13,874
-6,103
0.54%
-$864.99K
CAN NATURAL RES
79,865
42,012
-37,853
0.52%
-$656.19K
BECTON DICKINSON and CO
13,646
12,507
-1,139
0.50%
-$681.80K
BANK OF AMERICA CORPORATION
40,247
39,771
-476
0.49%
-$274.75K
MORGAN STANLEY
10,292
9,298
-994
0.39%
-$296.97K
PTC INC
12,659
10,255
-2,404
0.37%
-$744.09K
ABBOTT LABS
27,707
13,948
-13,759
0.36%
-$2.04M
EVERGY INC
18,666
16,395
-2,271
0.34%
-$10.02K
GILEAD SCIENCES INC
15,518
9,525
-5,993
0.33%
-$577.18K
WEC ENERGY GROUP INC
12,248
11,232
-1,016
0.33%
$8.65K
GENERAL DYNAMICS CORPORATION
4,840
3,721
-1,119
0.32%
-$352.31K
ABBVIE INC
6,295
5,805
-490
0.32%
-$175.82K
REPUBLIC SVCS
6,808
5,732
-1,076
0.32%
-$187.40K
CME GROUP INC CL A
4,475
4,159
-316
0.31%
$6.33K
MCKESSON CORP
2,256
1,261
-995
0.28%
-$759.36K
INST TL B 1L USD
1,472,375
1,120,501
-351,874
0.27%
-$400.92K
AGILENT TECHNOLOGIES INC
11,714
9,289
-2,425
0.27%
-$535.16K
INGERSOLL RAND INC
14,722
12,970
-1,752
0.26%
-$127.12K
VERALTO CORP
12,273
10,288
-1,985
0.23%
-$314.93K
LOCKHEED MARTIN CORP
2,500
1,471
-1,029
0.22%
-$320.12K
WASTE MANAGEMENT INC
6,396
3,778
-2,618
0.22%
-$537.12K
HCA HEALTHCARE INC
2,034
1,828
-206
0.22%
-$84.51K
SALESFORCE INC
5,177
4,570
-607
0.22%
-$518.36K
OGE ENERGY CORP
17,237
15,732
-1,505
0.19%
$18.49K
RAYMOND JAMES FINANCIAL INC.
7,423
4,786
-2,637
0.17%
-$499.09K
STRYKER CORP
2,015
2,001
-14
0.17%
-$50.70K
SNAP-ON INCORPORATED
1,813
1,625
-188
0.15%
-$34.53K
Ultimate Software Group, Inc., First Lien Term Loan
1,804,072
566,788
-1,237,284
0.14%
-$1.26M
MSCI INC
1,161
959
-202
0.13%
-$149.19K
PARKER HANNIFIN CORP
1,274
568
-706
0.13%
-$611.30K
SERVICE CORP INTERNATIONAL INC
8,424
6,116
-2,308
0.13%
-$152.19K
VERISIGN INC
2,492
1,795
-697
0.11%
-$159.63K
HUBBELL INC
1,657
877
-780
0.11%
-$305.51K
WILLIS TOWERS WATSON PLC
3,697
1,468
-2,229
0.11%
-$788.09K
METTLER-TOLEDO INTL INC
588
317
-271
0.10%
-$419.98K
THE CIGNA GROUP
3,208
1,393
-1,815
0.09%
-$511.36K
TOPBUILD CORP
1,622
1,006
-616
0.09%
-$323.27K
AUTODESK INC
2,523
1,313
-1,210
0.08%
-$432.50K
AMPHENOL CORPORATION CL A
6,326
2,468
-3,858
0.08%
-$543.06K
T/L ASCEND LEARNING LLC REGD 0.00000000
317,807
175,858
-141,949
0.04%
-$147.08K
CARDINAL HEALTH INC
1,573
190
-1,383
0.01%
-$283.10K
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
US TREASURY N/B
14,251,000
14,251,000
0
3.55%
-$173.68K
US TREASURY N/B
13,236,000
13,236,000
0
3.33%
-$173.72K
US TREASURY N/B
11,721,000
11,721,000
0
2.96%
-$153.84K
US TREASURY N/B
10,017,000
10,017,000
0
2.55%
-$134.60K
US TREASURY N/B
7,059,000
7,059,000
0
1.74%
-$84.93K
US TREASURY N/B
5,941,000
5,941,000
0
1.50%
-$57.55K
US TREASURY N/B
5,127,000
5,127,000
0
1.30%
-$50.47K
US TREASURY N/B
3,828,000
3,828,000
0
0.99%
-$55.03K
SBA Communications Corp.
2,935,000
2,935,000
0
0.70%
-$23.30K
US TREASURY N/B
2,749,000
2,749,000
0
0.68%
-$26.42K
HLT 3.625 02/15/32 144A
2,817,000
2,817,000
0
0.65%
-$53.15K
US TREASURY N/B
2,537,000
2,537,000
0
0.64%
-$25.37K
PPL CORPORATION
57,258
57,258
0
0.55%
$182.08K
US TREASURY N/B
2,121,000
2,121,000
0
0.53%
-$21.04K
NISOURCE INC
2,124,000
2,124,000
0
0.53%
-$52.16K
CENTERPOINT ENER
2,106,000
2,106,000
0
0.52%
-$40.00K
US TREASURY N/B
2,033,000
2,033,000
0
0.51%
-$19.69K
Fair Isaac Corp.
1,753,000
1,753,000
0
0.43%
-$77.74K
HUB INTL LTD
1,759,000
1,759,000
0
0.43%
-$43.12K
HUB International Ltd.
1,647,000
1,647,000
0
0.43%
-$36.31K
PTC INC REGD 144A P/P 4.00000000
1,667,000
1,667,000
0
0.41%
-$13.51K
VICI PROPERTIES / NOTE REGD 144A P/P 4.62500000
1,615,000
1,615,000
0
0.40%
-$25.85K
VICI PROPERTIES VICI NOTE
1,643,000
1,643,000
0
0.40%
-$19.67K
IT 3.75 10/01/30 144A
1,675,000
1,675,000
0
0.39%
-$59.85K
YUM! BRANDS INC SR UNSECURED 01/32 4.625
1,410,000
1,410,000
0
0.34%
-$35.82K
YUM! BRANDS INC SR UNSECURED 11/43 5.35
1,325,000
1,325,000
0
0.32%
-$25.39K
YUM! BRANDS INC SR UNSECURED 03/31 3.625
1,356,000
1,356,000
0
0.32%
-$29.82K
TRANSDIGM INC SUB 4.625% 01-15-29
1,270,000
1,270,000
0
0.31%
-$14.51K
YUM! BRANDS INC SR UNSECURED 04/32 5.375
1,223,000
1,223,000
0
0.31%
-$27.45K
YUM! BRANDS INC SR UNSECURED 144A 01/30 4.75
1,189,000
1,189,000
0
0.30%
-$20.99K
MSCI INC REGD 144A P/P 3.87500000
1,220,000
1,220,000
0
0.29%
-$18.30K
HOWMET AEROSPACE
1,071,000
1,071,000
0
0.29%
-$20.52K
IT 3.625 06/15/29 144A
1,211,000
1,211,000
0
0.29%
-$30.97K
WORKDAY INC
1,222,000
1,222,000
0
0.29%
-$35.90K
Hilton Domestic Operating Co. Inc.
1,092,000
1,092,000
0
0.27%
-$29.01K
GARTNER GROUP
1,149,000
1,149,000
0
0.27%
-$62.61K
FORTIVE CORP
1,213,000
1,213,000
0
0.25%
-$32.37K
TransDigm Inc
955,000
955,000
0
0.24%
-$27.56K
REVVITY INC
10,678
10,678
0
0.24%
-$97.60K
MARRIOTT INTL
991,000
991,000
0
0.23%
-$15.91K
US TREASURY N/B
826,000
826,000
0
0.21%
-$11.36K
TransDigm, Inc.
829,000
829,000
0
0.21%
-$23.88K
MSCI INC SR GLBL 144A 29 4.00%, DUE 11/15/2029
812,000
812,000
0
0.20%
-$6.90K
MSCI INC COMPANY GUAR 144A 08/33 3.25
902,000
902,000
0
0.20%
-$24.38K
AMERICAN TOWER
781,000
781,000
0
0.19%
-$7.71K
BOOZ ALLEN HAMILTON INC REGD 144A P/P 3.87500000
782,000
782,000
0
0.19%
-$8.50K
IT 4.5 07/01/28 144A
772,000
772,000
0
0.19%
-$11.03K
YUM! BRANDS INC SR UNSECURED 11/37 6.875
691,000
691,000
0
0.19%
-$9.20K
AMERICAN TOWER
711,000
711,000
0
0.19%
-$16.50K
TransDigm, Inc.
719,000
719,000
0
0.19%
-$11.43K
AH PARENT,INC. SER A PREFERRED SHARES PP
745
745
0
0.19%
-$9.48K
BOOZ ALLEN & HAM
705,000
705,000
0
0.18%
-$16.77K
MSCI INC REGD 144A P/P 3.62500000
666,000
666,000
0
0.16%
-$7.39K
Service Corporation International/US
630,000
630,000
0
0.15%
-$12.78K
CROWN CASTLE INT
607,000
607,000
0
0.14%
-$6.19K
BROADCOM INC
546,000
546,000
0
0.13%
-$6.07K
ENTERGY CORP
531,000
531,000
0
0.13%
-$7.17K
ENTERGY CORP
530,000
530,000
0
0.13%
-$7.40K
VICI PROPERTIE
526,000
526,000
0
0.13%
-$11.37K
ELLUCIAN HOLDINGS INC SR SECURED 144A 12/29 6.5
530,000
530,000
0
0.13%
-$24.38K
MSCI INC COMPANY GUAR 144A 11/31 3.625
527,000
527,000
0
0.12%
-$7.55K
US TREASURY N/B
441,000
441,000
0
0.11%
-$4.10K
HLT 4 05/01/31 144A
447,000
447,000
0
0.11%
-$8.56K
BOOZ ALLEN HAMILTON INC COMPANY GUAR 144A 07/29 4
419,000
419,000
0
0.10%
-$4.54K
PRA HEALTH SCIENCES INC SR SECURED 144A 07/26 2.875