On the 30th of September, the T. Rowe Price Equity Income Fund bought 10 million Bill.com Holdings, Inc. (NYSE:BILL) shares for $1 billion at an average price of $100.31 per share. Shares of Bill.com Holdings, Inc. are up 14.98% since the transaction.
The T. Rowe Price Equity Income Fund's holding in Bill.com Holdings, Inc. increased to about 10 million shares with the purchase.
The T. Rowe Price Equity Income Fund first bought Bill.com Holdings, Inc. stock in the fourth quarter of 2019. The T. Rowe Price Equity Income Fund also owns DocuSign Inc (NASDAQ:DOCU), Splunk Inc (NASDAQ:SPLK), Veeva Systems Inc A (NYSE:VEEV) and Ceridian HCM Holding Inc . (NYSE:CDAY). Bill.com Holdings, Inc. is its number seven position by number of shares and market value among software stocks.
Other investors who also added to their Bill.com Holdings, Inc. shares include California State Teachers Retirement System, TimesSquare Capital Management, and Victory Capital Management. In contrast, Eaton Vance (NYSE:EV) Management and TCW Group reduced BILL shares, while Tiger Global Management sold all their BILL shares.
The T. Rowe Price Equity Income Fund has also recently reduced their share in DocuSign Inc. The total value of the shares sold is estimated at around $1.7 billion.
Additionally, the T. Rowe Price Equity Income Fund added to their share in Slack Technologies Inc (NYSE:WORK), Avalara, Inc. (NYSE:AVLR) and Crowdstrike Holdings (CRWD). The total value of the shares bought is estimated at around $1.3 billion.
The T. Rowe Price Equity Income Fund also reduced their share in Becton Dickinson & Co. (NYSE:BDX), J.B.Hunt Transport Services Inc (JBHT), Sensata Technologies Holding N.V. (ST), Visteon Corp (NASDAQ:VC), Aptiv PLC (NYSE:APTV), Workday Inc A (NASDAQ:WDAY), Ollies Bargain Outlet Holdings Inc (OLLI), Carvana Co (NYSE:CVNA), ShockWave Medical, Inc. (SWAV) and Alcon Inc. (NYSE:ALC). The total value of the shares sold is estimated at around $6 billion.
Additionally, the T. Rowe Price Equity Income Fund added to their share in Enerpac Tool Group Corp. (NYSE:EPAC), Vail Resorts Inc (NYSE:MTN), Packaging Corp of America (NYSE:PKG), Lumber Liquidators Holdings, In (NYSE:LL), Howard Bancorp, Inc. (NASDAQ:HBMD), Thermon Group Holdings, Inc. (NYSE:THR), Dunkin Brands Group Inc (DNKN), Matson , Inc. (NYSE:MATX), Constellium SE (NYSE:CSTM), Wix.com Ltd (NASDAQ:WIX), Xencor, Inc. (NASDAQ:XNCR), Professional Holding Corp. (PFHD), Planet Fitness Inc (NYSE:PLNT), MyoKardia, Inc. (NASDAQ:MYOK), Match Group, Inc (NASDAQ:MTCH), NexTier Oilfield Solutions Inc. (NEX), Palomar Holdings, Inc. (NASDAQ:PLMR) and RAPT Therapeutics, Inc. (NASDAQ:RAPT). The total value of the shares bought is estimated at around $4.2 billion.