T. Rowe Price discloses 12.5% Advance Auto Parts (AAP) stake

Rhea-AI Filing Summary

T. Rowe Price Associates, Inc. filed an amended Schedule 13G reporting significant passive ownership in Advance Auto Parts, Inc. common stock. The firm reports beneficial ownership of 7,474,576 shares, representing 12.5% of the common stock as of December 31, 2025.

T. Rowe Price has sole power to vote 7,446,139 shares and sole power to dispose of 7,474,546 shares, with no shared voting or dispositive power. The filing notes that clients, including T. Rowe Price Mid-Cap Value Fund, ultimately receive dividends and sale proceeds; this fund holds 4,082,428 shares, or 6.8% of the class. T. Rowe Price certifies the holdings are in the ordinary course of business and not for influencing control.

Insights

Institutional ownership and governance analyst

T. Rowe Price discloses a large, passive 12.5% stake in Advance Auto Parts.

T. Rowe Price Associates, Inc. reports beneficial ownership of 7,474,576 Advance Auto Parts shares, equal to 12.5% of the common stock as of December 31, 2025. Voting and dispositive power are described as solely held by T. Rowe Price in its investment adviser role.

The disclosure emphasizes that underlying clients, including T. Rowe Price Mid-Cap Value Fund with 4,082,428 shares (6.8% of the class), are entitled to dividends and sale proceeds. The certification states the position is held in the ordinary course of business and not with the purpose or effect of changing or influencing control.

Because this is a Schedule 13G, it reflects passive institutional ownership rather than activist intent. Future changes in percentage or a shift to a different filing status would normally appear in subsequent ownership reports, providing updated visibility into this large shareholder’s position.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

ADVANCE AUTO PARTS INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

00751Y106

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 00751Y106

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,446,139.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,474,546.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,474,576.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ADVANCE AUTO PARTS INC
(b)	Address of issuer's principal executive offices: 4200 SIX FORKS ROAD, RALEIGH, NC, 27609
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 00751Y106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 7474576
(b)	Percent of class: 12.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 7446139
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 7474546
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Ownership of More than Five Percent on Behalf of Another Person (1) Price Associates does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client's custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the individual and institutional clients which Price Associates serves as investment adviser. Any and all discretionary authority which has been delegated to Price Associates may be revoked in whole or in part at any time. Except as may be indicated if this is a joint filing with one of the registered investment companies sponsored by Price Associates which it also serves as investment adviser ("T. Rowe Price Funds"), not more than 5% of the class of such securities is owned by any one client subject to the investment advice of Price Associates. (2) [T. ROWE PRICE MID-CAP VALUE FUND ]: T. ROWE PRICE MID-CAP VALUE FUND, of which T. Rowe Price Associates, Inc. is the investment adviser, holds the securities reported herein in their investment portfolio managed by T. Rowe Price Associates, Inc. and such funds have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities that they hold. T. ROWE PRICE MID-CAP VALUE FUND has an interest in 4,082,428 of the class reported herein representing 6.8% of the class.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	02/17/2026

FAQ

What stake does T. Rowe Price hold in Advance Auto Parts (AAP)?

T. Rowe Price Associates reports beneficial ownership of 7,474,576 Advance Auto Parts shares, representing 12.5% of the company’s common stock as of December 31, 2025. This reflects a significant passive institutional position disclosed on an amended Schedule 13G.

How many Advance Auto Parts (AAP) shares can T. Rowe Price vote and dispose of?

T. Rowe Price Associates reports sole voting power over 7,446,139 Advance Auto Parts shares and sole dispositive power over 7,474,546 shares. It reports no shared voting or shared dispositive power, highlighting centralized control of these functions within the adviser.

Which T. Rowe Price fund is most exposed to Advance Auto Parts (AAP)?

The filing highlights T. Rowe Price Mid-Cap Value Fund, which holds 4,082,428 Advance Auto Parts shares. This position represents 6.8% of the company’s common stock, making it a major underlying client position within T. Rowe Price’s advisory accounts.

Is T. Rowe Price’s Advance Auto Parts (AAP) position activist or passive?

T. Rowe Price files on Schedule 13G and certifies the securities were acquired and are held in the ordinary course of business. It states they were not acquired and are not held for the purpose of changing or influencing control of Advance Auto Parts.

Who ultimately receives dividends from T. Rowe Price’s Advance Auto Parts (AAP) holdings?

T. Rowe Price Associates states it does not serve as custodian for client assets. Individual and institutional clients, including funds like T. Rowe Price Mid-Cap Value Fund, ultimately receive dividends and sale proceeds from the Advance Auto Parts shares managed by the adviser.

Why did T. Rowe Price file an amended Schedule 13G for Advance Auto Parts (AAP)?

An amended Schedule 13G is required when beneficial ownership information changes. Here, T. Rowe Price Associates updates its holdings to 7,474,576 shares, or 12.5% of Advance Auto Parts common stock as of December 31, 2025, while reaffirming its passive investment status.