Hillman Capital Reduces Stake in T. Rowe Price

Asset management firm cuts holdings in investment giant by over 22%

Mar. 16, 2026 at 11:10am

Got story updates? Submit your updates here. ›

Hillman Capital Management Inc. has reduced its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 22.4% during the third quarter, according to a recent SEC filing. The asset management firm now owns 29,708 shares of the investment company's stock, valued at $3,049,000 as of the end of the quarter.

Why it matters

T. Rowe Price is one of the largest and most prominent asset management firms in the United States, managing over $1 trillion in client assets. Changes in ownership stakes by major institutional investors can signal shifts in market sentiment and future performance expectations for the company.

The details

Hillman Capital Management, an investment firm based in Baltimore, Maryland, sold 8,586 shares of T. Rowe Price stock during the third quarter. This reduced Hillman's total holdings in the asset manager to 29,708 shares, or around 1.8% of its overall portfolio. T. Rowe Price's stock price has fluctuated between $77.85 and $118.22 over the past 52 weeks.

  • Hillman Capital Management filed its Q3 2026 SEC report on March 16, 2026.
  • The firm reduced its T. Rowe Price stake during the third quarter of 2026.

The players

Hillman Capital Management Inc.

An investment management firm headquartered in Baltimore, Maryland.

T. Rowe Price Group, Inc.

A global investment management firm founded in 1937 and headquartered in Baltimore, Maryland.

Got photos? Submit your photos here. ›

The takeaway

The reduction in Hillman Capital's T. Rowe Price holdings could signal broader market uncertainty around the asset manager's near-term performance, though the stock remains a significant part of Hillman's portfolio. Investors will be watching to see if other major institutional investors follow suit in reducing their exposure to T. Rowe Price.