T. Rowe Price Group Inc. (NASDAQ: TROW) reported assets under management of $1.89 trillion as of May 31, 2026, according to a company statement. The Baltimore-based asset management firm recorded net inflows of $3.3 billion for May, which included a large defined contribution target date inflow.

The May assets under management figure represents an increase from $1.83 trillion in April and $1.71 trillion at the end of the first quarter. Assets had totaled $1.78 trillion at the end of 2025.

Equity assets comprised $919 billion of the total, rising from $882 billion in April and $810 billion at the end of March. Fixed income and money market assets reached $221 billion, compared with $218 billion the previous month. Multi-asset portfolios totaled $691 billion, up from $665 billion in April, while alternatives assets were $61 billion.

Target date retirement portfolios, a subset of the total assets, reached $623 billion at the end of May, compared with $599 billion in April and $561 billion at the end of the first quarter.

The company manages assets for retirement-related accounts representing approximately two-thirds of its total client assets, according to the statement.