T. Rowe Price discloses 1% Kenvue (NYSE: KVUE) ownership stake

Rhea-AI Filing Summary

T. Rowe Price Associates, Inc. filed an amended Schedule 13G to report beneficial ownership of 19,752,028 shares of Kenvue Inc. common stock, representing 1.0% of the class as of December 31, 2025.

The firm has sole voting power over 19,227,798 shares and sole dispositive power over 19,751,964 shares, with no shared voting or dispositive power. It certifies the shares are held in the ordinary course of business, not to change or influence control of Kenvue, and expressly denies beneficial ownership beyond its institutional role.

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Accepted by SEC EDGAR 02/17/2026 - 10:26 AM Learn about SEC filing dates

FAQ

What Kenvue (KVUE) stake does T. Rowe Price report in this Schedule 13G/A?

T. Rowe Price Associates reports beneficial ownership of 1.0% of Kenvue’s common stock. This equals 19,752,028 shares as of December 31, 2025, reflecting its position as a large institutional holder rather than a controlling shareholder.

How many Kenvue (KVUE) shares can T. Rowe Price vote and dispose of?

T. Rowe Price has sole voting power over 19,227,798 Kenvue shares and sole dispositive power over 19,751,964 shares. The filing reports no shared voting or dispositive power, indicating centralized control of voting and trading decisions within the firm.

Why did T. Rowe Price file this amended Schedule 13G/A for Kenvue (KVUE)?

The amended Schedule 13G/A reports T. Rowe Price’s updated beneficial ownership information for Kenvue as of December 31, 2025. The filing is required when institutional investors cross certain ownership thresholds or when previously reported ownership details change materially.

Is T. Rowe Price seeking to influence control of Kenvue (KVUE)?

The filing states the Kenvue shares were acquired and are held in the ordinary course of business. It further certifies they were not acquired, and are not held, to change or influence control of Kenvue, consistent with a passive investment stance.

Does T. Rowe Price claim full beneficial ownership of Kenvue (KVUE) shares held for clients?

T. Rowe Price expressly denies that the filing should be construed as an admission it is the beneficial owner of the Kenvue securities. This reflects that shares are generally held on behalf of clients, even though the firm exercises voting and dispositive authority.

What does ‘Ownership of 5 percent or less of a class’ mean for Kenvue (KVUE)?

The filing’s ‘Ownership of 5 percent or less of a class’ statement confirms T. Rowe Price’s Kenvue position is below the 5% threshold. At 1.0% of outstanding common stock, it is a significant institutional holder but not a major controlling investor.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

KENVUE INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

49177J102

(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. 49177J102

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 19,227,798.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 19,751,964.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

19,752,028.00

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)

1.0 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: KENVUE INC
(b)	Address of issuer's principal executive offices: 1 KENVUE WAY, SUMMIT, NJ, 07901
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.: 49177J102
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: 19752028
(b)	Percent of class: 1.0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 19227798
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 19751964
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
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