T. Rowe Price Value ETF (TVAL) Holdings
TVAL holdings summary
as of Oct 24, 2026- Holdings
- 140 positions listed
- Top 10 weight
- 30.7% of net assets
- Effective holdings
- 55 equal-weight equivalent
- Largest holding
- AMZN 6.56% Amazon.com, Inc.
- Annual turnover
- 8.9% of the portfolio traded
Top 1030.7%
Top 2550.0%
Top 5069.5%
Top 10090.8%
All TVAL holdings
140 holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com, Inc. | Consumer Cyclical | 6.56% | $73.1M | $2.70T | 20.1 |
| 2 | AAPL | Apple Inc. | Technology | 5.77% | $64.2M | $5.01T | 39.4 |
| 3 | MSFT | Microsoft Corporation | Technology | 5.59% | $62.2M | $3.93T | 29.5 |
| 4 | XOM | Exxon Mobil Corporation | Energy | 2.23% | $24.8M | $735.95B | 23.0 |
| 5 | COP | ConocoPhillips | Energy | 1.96% | $21.8M | $176.01B | 19.4 |
| 6 | JPM | JPMorgan Chase & Co. | Financial Services | 1.93% | $21.5M | $902.16B | 14.2 |
| 7 | JNJ | Johnson & Johnson | Healthcare | 1.83% | $20.4M | $615.87B | 38.8 |
| 8 | PG | The Procter & Gamble Company | Consumer Defensive | 1.75% | $19.5M | $370.12B | 24.1 |
| 9 | CB | Chubb Limited | Financial Services | 1.55% | $17.3M | $138.81B | 12.7 |
| 10 | UNH | UnitedHealth Group Incorporated | Healthcare | 1.51% | $16.8M | $360.32B | 25.8 |
| 11 | CSX | CSX Corporation | Industrials | 1.46% | $16.3M | $90.18B | 28.3 |
| 12 | LIN | Linde plc | Basic Materials | 1.45% | $16.1M | $229.77B | 32.2 |
| 13 | SCHW | The Charles Schwab Corporation | Financial Services | 1.44% | $16.0M | $159.03B | 15.7 |
| 14 | CL | Colgate-Palmolive Company | Consumer Defensive | 1.42% | $15.8M | $75.02B | 37.1 |
| 15 | PM | Philip Morris International Inc. | Consumer Defensive | 1.36% | $15.1M | $319.83B | 29.5 |
| 16 | BRK.B | Berkshire Hathaway Inc. | Financial Services | 1.35% | $15.0M | $1.14T | 13.4 |
| 17 | SO | The Southern Company | Utilities | 1.31% | $14.6M | $104.89B | 22.0 |
| 18 | GILD | Gilead Sciences, Inc. | Healthcare | 1.31% | $14.6M | $193.67B | — |
| 19 | CSCO | Cisco Systems, Inc. | Technology | 1.31% | $14.6M | $423.39B | 32.2 |
| 20 | ELV | Elevance Health Inc. | Healthcare | 1.28% | $14.2M | $92.88B | 19.0 |
| 21 | USB | U.S. Bancorp | Financial Services | 1.23% | $13.7M | $91.50B | 11.4 |
| 22 | MRK | Merck & Co., Inc. | Healthcare | 1.16% | $12.9M | $360.08B | 115.8 |
| 23 | INTC | Intel Corporation | Technology | 1.13% | $12.6M | $474.96B | — |
| 24 | WFC | Wells Fargo & Company | Financial Services | 1.08% | $12.1M | $251.75B | 11.8 |
| 25 | BLK | BlackRock, Inc. | Financial Services | 1.07% | $11.9M | $184.31B | 25.8 |
| 26 | MET | MetLife, Inc. | Financial Services | 1.06% | $11.8M | $64.03B | 19.3 |
| 27 | BA | The Boeing Company | Industrials | 0.96% | $10.7M | $150.34B | 67.9 |
| 28 | SWK | Stanley Black & Decker, Inc. | Industrials | 0.94% | $10.5M | $13.97B | 22.6 |
| 29 | CVS | CVS Health Corporation | Healthcare | 0.93% | $10.3M | $118.13B | 24.3 |
| 30 | MCD | McDonald's Corporation | Consumer Cyclical | 0.85% | $9.5M | $171.94B | 19.7 |
| 31 | C | Citigroup Inc. | Financial Services | 0.83% | $9.2M | $208.44B | 12.1 |
| 32 | TMO | Thermo Fisher Scientific Inc. | Healthcare | 0.80% | $8.9M | $255.13B | 37.1 |
| 33 | CVX | Chevron Corporation | Energy | 0.79% | $8.8M | $441.34B | 21.2 |
| 34 | DIS | The Walt Disney Company | Communication Services | 0.79% | $8.8M | $190.95B | 22.8 |
| 35 | ABBV | AbbVie Inc. | Healthcare | 0.79% | $8.8M | $504.37B | 80.6 |
| 36 | AEE | Ameren Corporation | Utilities | 0.78% | $8.7M | $29.37B | 18.7 |
| 37 | V | Visa Inc. | Financial Services | 0.76% | $8.5M | $755.84B | 34.3 |
| 38 | HD | The Home Depot, Inc. | Consumer Cyclical | 0.76% | $8.5M | $308.91B | 21.5 |
| 39 | LHX | L3Harris Technologies, Inc. | Industrials | 0.76% | $8.5M | $46.28B | 25.1 |
| 40 | COF | Capital One Financial Corporation | Financial Services | 0.74% | $8.2M | $123.76B | 13.0 |
| 41 | META | Meta Platforms, Inc. | Communication Services | 0.72% | $8.0M | $1.81T | 26.7 |
| 42 | FTV | Fortive Corporation | Technology | 0.72% | $8.0M | $17.45B | 30.4 |
| 43 | QCOM | QUALCOMM Incorporated | Technology | 0.72% | $8.0M | $183.79B | 19.9 |
| 44 | TTE | TotalEnergies SE | Energy | 0.71% | $7.9M | $201.39B | 11.4 |
| 45 | WMT | Walmart Inc. | Consumer Defensive | 0.70% | $7.8M | $945.50B | 43.0 |
| 46 | EQR | Equity Residential | Real Estate | 0.70% | $7.8M | — | — |
| 47 | CRM | Salesforce, Inc. | Technology | 0.69% | $7.6M | $198.10B | 22.0 |
| 48 | ULTA | Ulta Beauty, Inc. | Consumer Cyclical | 0.68% | $7.6M | $25.35B | 21.6 |
| 49 | AMD | Advanced Micro Devices, Inc. | Technology | 0.66% | $7.3M | $863.17B | 134.9 |
| 50 | SLB | Schlumberger Limited | Energy | 0.66% | $7.3M | $73.47B | 23.9 |
| 51 | KO | The Coca-Cola Company | Consumer Defensive | 0.65% | $7.2M | $404.01B | 28.2 |
| 52 | MDLZ | Mondelez International, Inc. | Consumer Defensive | 0.65% | $7.2M | $81.57B | 23.5 |
| 53 | MS | Morgan Stanley | Financial Services | 0.61% | $6.8M | $283.60B | 14.3 |
| 54 | TDY | Teledyne Technologies Incorporated | Technology | 0.59% | $6.6M | $28.68B | 29.9 |
| 55 | CF | CF Industries Holdings, Inc. | Basic Materials | 0.59% | $6.6M | $18.29B | 9.0 |
| 56 | PSA | Public Storage | Real Estate | 0.55% | $6.1M | $55.74B | 28.5 |
| 57 | TXN | Texas Instruments Incorporated | Technology | 0.54% | $6.1M | $252.49B | 42.1 |
| 58 | DE | Deere & Company | Industrials | 0.52% | $5.8M | $173.06B | 35.7 |
| 59 | WAT | Waters Corporation | Healthcare | 0.50% | $5.5M | $42.90B | 110.6 |
| 60 | PH | Parker-Hannifin Corporation | Industrials | 0.49% | $5.5M | $121.49B | 33.8 |
| 61 | KEYS | Keysight Technologies, Inc. | Technology | 0.48% | $5.3M | $56.39B | 44.8 |
| 62 | AZN | AstraZeneca PLC | Healthcare | 0.48% | $5.3M | — | — |
| 63 | UL | Unilever PLC | Consumer Defensive | 0.47% | $5.2M | $142.48B | 13.4 |
| 64 | ETR | Entergy Corporation | Utilities | 0.47% | $5.2M | $50.22B | 26.9 |
| 65 | VTRS | Viatris Inc. | Healthcare | 0.46% | $5.2M | $21.43B | — |
| 66 | RTX | RTX Corporation | Industrials | 0.46% | $5.1M | $261.36B | 34.1 |
| 67 | ADI | Analog Devices, Inc. | Technology | 0.46% | $5.1M | $191.62B | 47.0 |
| 68 | SRE | Sempra | Utilities | 0.46% | $5.1M | $54.54B | 24.1 |
| 69 | HBAN | Huntington Bancshares Incorporated | Financial Services | 0.45% | $5.0M | $30.85B | 11.7 |
| 70 | TEL | TE Connectivity Ltd. | Technology | 0.44% | $5.0M | $61.56B | 20.8 |
| 71 | EQH | Equitable Holdings, Inc. | Financial Services | 0.44% | $4.9M | $14.51B | — |
| 72 | BAC | Bank of America Corporation | Financial Services | 0.43% | $4.8M | $358.24B | 12.2 |
| 73 | BMY | Bristol-Myers Squibb Company | Healthcare | 0.42% | $4.7M | $122.05B | 13.2 |
| 74 | MAR | Marriott International, Inc. | Consumer Cyclical | 0.42% | $4.6M | $101.19B | 40.1 |
| 75 | FCX | Freeport-McMoRan Inc. | Basic Materials | 0.41% | $4.5M | $99.86B | 34.3 |
| 76 | MIDD | The Middleby Corporation | Industrials | 0.41% | $4.5M | $4.87B | — |
| 77 | REXR | Rexford Industrial Realty, Inc. | Real Estate | 0.40% | $4.5M | $8.42B | — |
| 78 | GS | The Goldman Sachs Group, Inc. | Financial Services | 0.40% | $4.5M | $256.60B | 12.7 |
| 79 | ETN | Eaton Corporation plc | Industrials | 0.40% | $4.4M | $151.92B | 39.8 |
| 80 | GCP | General Electric Company | Other | 0.39% | $4.4M | — | — |
| 81 | AGCO | AGCO Corporation | Industrials | 0.38% | $4.3M | $7.26B | 14.3 |
| 82 | SPGI | S&P Global Inc. | Financial Services | 0.38% | $4.3M | $126.66B | 26.1 |
| 83 | DELL | Dell Technologies Inc. | Technology | 0.38% | $4.2M | $287.20B | 26.3 |
| 84 | ALL | The Allstate Corporation | Financial Services | 0.38% | $4.2M | $62.68B | 5.0 |
| 85 | AMGN | Amgen Inc. | Healthcare | 0.38% | $4.2M | $233.82B | 26.9 |
| 86 | TJX | The TJX Companies, Inc. | Consumer Cyclical | 0.37% | $4.1M | $162.06B | 27.3 |
| 87 | HCA | HCA Healthcare, Inc. | Healthcare | 0.37% | $4.1M | $99.34B | 15.4 |
| 88 | AMAT | Applied Materials, Inc. | Technology | 0.36% | $4.0M | $324.81B | 35.3 |
| 89 | TSM | Taiwan Semiconductor Manufacturing Company Limited | Technology | 0.35% | $3.9M | $2.14T | 26.7 |
| 90 | RPM | RPM International Inc. | Basic Materials | 0.34% | $3.8M | $12.72B | 18.4 |
| 91 | EWBC | East West Bancorp, Inc. | Financial Services | 0.33% | $3.7M | $17.38B | 12.2 |
| 92 | EXE | Expand Energy Corporation | Energy | 0.33% | $3.7M | $21.62B | 8.1 |
| 93 | IP | International Paper Company | Consumer Cyclical | 0.33% | $3.6M | $18.03B | — |
| 94 | SWKS | Skyworks Solutions, Inc. | Technology | 0.32% | $3.6M | $18.74B | 41.3 |
| 95 | NEE | NextEra Energy, Inc. | Utilities | 0.31% | $3.5M | $166.46B | 17.9 |
| 96 | DGX | Quest Diagnostics Incorporated | Healthcare | 0.31% | $3.4M | $25.94B | 24.6 |
| 97 | STLD | Steel Dynamics, Inc. | Basic Materials | 0.31% | $3.4M | $34.48B | 21.8 |
| 98 | BNY | The Bank of New York Mellon Corporation | Financial Services | 0.31% | $3.4M | $97.23B | 15.9 |
| 99 | USFD | US Foods Holding Corp. | Consumer Defensive | 0.30% | $3.4M | $22.06B | 31.4 |
| 100 | MCK | McKesson Corporation | Healthcare | 0.30% | $3.3M | $117.15B | 26.9 |
| 101 | NOC | Northrop Grumman Corporation | Industrials | 0.29% | $3.3M | $73.85B | 16.5 |
| 102 | THC | Tenet Healthcare Corporation | Healthcare | 0.29% | $3.3M | $21.52B | 10.5 |
| 103 | AME | AMETEK, Inc. | Industrials | 0.29% | $3.3M | $56.90B | 36.3 |
| 104 | HLT | Hilton Worldwide Holdings Inc. | Consumer Cyclical | 0.29% | $3.2M | $77.67B | 50.6 |
| 105 | XEL | Xcel Energy Inc. | Utilities | 0.29% | $3.2M | $47.67B | 20.9 |
| 106 | AXP | American Express Company | Financial Services | 0.29% | $3.2M | $211.77B | 19.0 |
| 107 | VTR | Ventas, Inc. | Real Estate | 0.28% | $3.1M | $44.04B | 159.0 |
| 108 | FANG | Diamondback Energy, Inc. | Energy | 0.28% | $3.1M | $57.11B | 38.8 |
| 109 | EQIX | Equinix, Inc. | Real Estate | 0.27% | $3.1M | $97.29B | 63.4 |
| 110 | T | AT&T Inc. | Communication Services | 0.27% | $3.0M | $160.62B | 7.7 |
| 111 | PLD | Prologis, Inc. | Real Estate | 0.27% | $3.0M | $122.24B | 27.7 |
| 112 | FTI | TechnipFMC plc | Energy | 0.27% | $3.0M | $27.32B | 24.3 |
| 113 | MRSH | Marsh & McLennan Companies, Inc. | Financial Services | 0.27% | $3.0M | $89.88B | 22.5 |
| 114 | MSI | Motorola Solutions, Inc. | Technology | 0.27% | $3.0M | $76.65B | 36.5 |
| 115 | GWW | W.W. Grainger, Inc. | Industrials | 0.26% | $2.9M | $62.68B | 33.9 |
| 116 | HIG | The Hartford Financial Services Group, Inc. | Financial Services | 0.25% | $2.8M | $36.60B | 9.6 |
| 117 | VZ | Verizon Communications Inc. | Communication Services | 0.25% | $2.8M | $186.09B | 11.7 |
| 118 | HOOD | Robinhood Markets, Inc. | Financial Services | 0.25% | $2.8M | $88.89B | 43.6 |
| 119 | FERG | Ferguson plc | Industrials | 0.24% | $2.7M | $44.81B | 22.8 |
| 120 | ROK | Rockwell Automation, Inc. | Industrials | 0.24% | $2.7M | $47.43B | 39.9 |
| 121 | IBM | International Business Machines Corporation | Technology | 0.24% | $2.7M | $218.71B | 20.6 |
| 122 | EOG | EOG Resources, Inc. | Energy | 0.24% | $2.7M | $82.88B | 12.3 |
| 123 | DHR | Danaher Corporation | Healthcare | 0.24% | $2.6M | $161.01B | 40.8 |
| 124 | VRTX | Vertex Pharmaceuticals Incorporated | Healthcare | 0.23% | $2.6M | $126.66B | 28.9 |
| 125 | SIEGY | Siemens AG ADR | Industrials | 0.23% | $2.5M | — | — |
| 126 | SYK | Stryker Corporation | Healthcare | 0.22% | $2.5M | $113.02B | 30.5 |
| 127 | ROST | Ross Stores, Inc. | Consumer Cyclical | 0.22% | $2.5M | $75.68B | 28.6 |
| 128 | TDG | TransDigm Group Incorporated | Industrials | 0.20% | $2.3M | $62.98B | 34.6 |
| 129 | LNG | Cheniere Energy, Inc. | Energy | 0.20% | $2.2M | $59.78B | 21.9 |
| 130 | WAB | Westinghouse Air Brake Technologies Corporation | Industrials | 0.20% | $2.2M | $48.45B | 38.6 |
| 131 | PKG | Packaging Corporation of America | Consumer Cyclical | 0.20% | $2.2M | $21.03B | 30.7 |
| 132 | CEG | Constellation Energy Corporation | Utilities | 0.19% | $2.1M | $96.15B | 26.5 |
| 133 | VYLR | Vylor Inc. | Financial Services | 0.19% | $2.1M | $48.17B | 103.1 |
| 134 | SNX | TD SYNNEX Corporation | Technology | 0.19% | $2.1M | $19.69B | 15.0 |
| 135 | REGN | Regeneron Pharmaceuticals, Inc. | Healthcare | 0.19% | $2.1M | $81.41B | 19.6 |
| 136 | ATO | Atmos Energy Corporation | Utilities | 0.19% | $2.1M | $28.28B | 19.9 |
| 137 | PGR | The Progressive Corporation | Financial Services | 0.18% | $2.0M | $126.81B | 11.0 |
| 138 | IR | Ingersoll Rand Inc. | Industrials | 0.16% | $1.8M | $30.18B | 32.0 |
| 139 | CBRE | CBRE Group, Inc. | Real Estate | 0.15% | $1.7M | $38.54B | 30.5 |
| 140 | GEV | GE Vernova Inc. | Industrials | 0.15% | $1.7M | $245.35B | 26.4 |
Weights as a percentage of net assets. Value held = weight × net assets ($1.11B). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
TVAL sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Technology | 21.2% | 20 | AAPL, MSFT, CSCO |
| Financial Services | 18.2% | 26 | JPM, CB, SCHW |
| Healthcare | 14.0% | 21 | JNJ, UNH, GILD |
| Consumer Cyclical | 10.7% | 10 | AMZN, MCD, HD |
| Industrials | 9.1% | 20 | CSX, BA, SWK |
| Energy | 7.7% | 10 | XOM, COP, CVX |
| Consumer Defensive | 7.3% | 8 | PG, CL, PM |
| Utilities | 4.0% | 8 | SO, AEE, ETR |
| Basic Materials | 3.1% | 5 | LIN, CF, FCX |
| Real Estate | 2.6% | 7 | EQR, PSA, REXR |
| Communication Services | 2.0% | 4 | DIS, META, T |
| Other | 0.4% | 1 | GCP |
Sum of the weights of the holdings in each sector.
TVAL top industries
Internet Retail
6.6%
Drug Manufacturers - General
6.4%
Consumer Electronics
5.8%
Software - Infrastructure
5.6%
Banks - Diversified
4.6%
Semiconductors
4.2%
Oil & Gas Integrated
3.7%
Healthcare Plans
3.7%
Household & Personal Products
3.6%
Utilities - Regulated Electric
3.2%
Oil & Gas E&P
2.8%
Capital Markets
2.7%
Aerospace & Defense
2.7%
Specialty Industrial Machinery
2.4%
Insurance - Property & Casualty
2.1%
TVAL overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| VONV | Vanguard Russell 1000 Value ETF | 56.2% | 126 of 868 | 0.07% |
| GVUS | Goldman Sachs ETF | 55.6% | 127 of 855 | 0.12% |
| IWD | iShares Russell 1000 Value ETF | 55.2% | 126 of 867 | 0.19% |
| LVDS | JPMorgan Fundamental Data Science Large Value… | 52.2% | 65 of 132 | — |
| FELV | Fidelity Covington ETF | 50.9% | 89 of 351 | 0.17% |
| SPY | SPDR S&P 500 ETF | 45.0% | 124 of 502 | 0.09% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the TVAL portfolio
T. Rowe Price Value ETF holds 140 positions. The ten largest make up 30.7% of the fund and the top 50 69.5%, so it behaves like a portfolio of about 55 equally weighted stocks. The biggest positions are Amazon.com, Inc. (6.56%), Apple Inc. (5.77%), Microsoft Corporation (5.59%), Exxon Mobil Corporation (2.23%), ConocoPhillips (1.96%).
By sector, Technology is 21.2%, Financial Services is 18.2%, Healthcare is 14.0%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 24, 2026; positions change as the fund rebalances.
Related: TVAL chart, TVAL performance, TVAL dividends, TVAL valuation, TVAL overview.
TVAL holdings FAQ
How many holdings does TVAL have?
TVAL holds 140 positions as of October 24, 2026.
What are the top 10 holdings of TVAL?
The ten largest holdings are Amazon.com, Inc. (6.56%), Apple Inc. (5.77%), Microsoft Corporation (5.59%), Exxon Mobil Corporation (2.23%), ConocoPhillips (1.96%), JPMorgan Chase & Co. (1.93%), Johnson & Johnson (1.83%), The Procter & Gamble Company (1.75%), Chubb Limited (1.55%), UnitedHealth Group Incorporated (1.51%). Together they are 30.7% of the fund.
What percentage of TVAL is Amazon.com, Inc.?
Amazon.com, Inc. is the largest holding at 6.56% of net assets, about $73.1M of the fund's $1.11B.
Which sector is the largest in TVAL?
Technology is the largest sector at 21.2%, followed by Financial Services (18.2%) and Healthcare (14.0%), based on the sectors of the individual holdings.
How concentrated is TVAL?
The top 10 holdings are 30.7% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) TVAL behaves like a portfolio of about 55 equally weighted stocks.