[SCHEDULE 13G/A] ADVANCE AUTO PARTS INC Amended Passive Investment Disclosure
T. Rowe Price holds 14% of Advance Auto Parts
T. Rowe Price Associates, Inc. reports beneficial ownership of 8,428,903 shares of Advance Auto Parts, Inc. common stock, representing 14.0% of the class.
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T. Rowe Price Associates, Inc. reports beneficial ownership of 8,428,903 shares of Advance Auto Parts, Inc. common stock, representing 14.0% of the class. It holds 8,398,729 shares with sole voting power and all 8,428,903 shares with sole dispositive power, with no shared voting or dispositive authority.
The disclosure notes that clients and funds advised by T. Rowe Price ultimately have the right to receive dividends and sale proceeds. T. Rowe Price Mid-Cap Value Fund holds 4,287,663 shares, representing 7.1% of the class. T. Rowe Price Associates denies beneficial ownership of these securities beyond its role as investment adviser.
Key Figures
Beneficial ownership:8,428,903 sharesPercent of class:14.0%Sole voting power:8,398,729 shares+3 more
6 metrics
Beneficial ownership8,428,903 sharesShares of Advance Auto Parts common stock beneficially owned by T. Rowe Price Associates, Inc.
Percent of class14.0%Portion of Advance Auto Parts common stock class reported as beneficially owned
Sole voting power8,398,729 sharesShares of Advance Auto Parts over which T. Rowe Price Associates has sole voting power
Sole dispositive power8,428,903 sharesShares of Advance Auto Parts over which T. Rowe Price Associates has sole dispositive power
Mid-Cap Value Fund holdings4,287,663 sharesAdvance Auto Parts shares held by T. Rowe Price Mid-Cap Value Fund
Mid-Cap Value Fund percent of class7.1%Portion of Advance Auto Parts common stock class held by T. Rowe Price Mid-Cap Value Fund
Key Terms
beneficially owned, Sole Voting Power, Sole Dispositive Power, Percent of class, +1 more
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Powerfinancial
"5 | Sole Voting Power 8,398,729.00 6 | Shared Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Sole Dispositive Powerfinancial
"7 | Sole Dispositive Power 8,428,903.00 8 | Shared Dispositive Power 0.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
investment adviserfinancial
"clients which Price Associates serves as investment adviser"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much of Advance Auto Parts (AAP) stock does T. Rowe Price Associates own?
T. Rowe Price Associates reports 8,428,903 shares of Advance Auto Parts common stock, representing 14.0% of the outstanding class. These shares are held for its advisory clients and related funds, with T. Rowe Price acting as investment adviser.
What voting power does T. Rowe Price Associates have in Advance Auto Parts (AAP)?
T. Rowe Price Associates has 8,398,729 shares of Advance Auto Parts with sole voting power and 0 shares with shared voting power. It also has sole dispositive power over 8,428,903 shares and no shared dispositive authority.
What stake does T. Rowe Price Mid-Cap Value Fund hold in Advance Auto Parts (AAP)?
T. Rowe Price Mid-Cap Value Fund holds 4,287,663 shares of Advance Auto Parts, representing 7.1% of the common stock class. The fund has the right to receive dividends and sale proceeds on these shares, with T. Rowe Price Associates as adviser.
Does any single T. Rowe Price client hold more than 5% of Advance Auto Parts (AAP)?
The filing states that, aside from any jointly reported T. Rowe Price Funds, no single client advised by T. Rowe Price Associates owns more than 5% of the Advance Auto Parts common stock class, based on its advisory relationships.
Does T. Rowe Price Associates claim beneficial ownership of Advance Auto Parts (AAP) shares?
T. Rowe Price Associates expressly denies beneficial ownership of the Advance Auto Parts shares reported, beyond its role as investment adviser. It states that ultimate power over dividends and proceeds rests with its individual and institutional clients and funds.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 6)
ADVANCE AUTO PARTS INC
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
00751Y106
(CUSIP Number)
06/30/2026
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
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
8,398,729.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
8,428,903.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,428,903.00
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)
14.0 %
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:
8428903
(b)
Percent of class:
14.0 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
8398729
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
8428903
(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 4,287,663 of the class reported herein representing 7.1% 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.
