T. Rowe Price All-Cap Opportunities Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, T. Rowe Price All-Cap Opportunities Fund held 96 positions with $14.63B in net assets. Its ten largest holdings made up 36.7% of the fund. The PRWAX share class costs 0.79% a year. Over the 12 months to May 2026, PRWAX returned 15.4%, with dividends reinvested. In 2026 Q2 it added 19 new positions and exited 23.
The fund seeks to provide long-term capital growth by investing primarily in the common stocks of growth companies.
The fund invests at least 65% of assets in common stocks of U.S. growth companies, selecting for earnings growth exceeding the Russell 3000 Index average, strong fundamentals, effective management, and reasonable valuations relative to prospects. The adviser may allocate significantly to a single economic sector and can invest across companies of any size. Because performance depends on the adviser's selection of stocks with above-average growth characteristics, results will diverge from broad market indexes.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 6.67% | $975.74M | 4.9M | $200.09 |
5.38% | $787.28M | 2.2M | $353.33 | |
AAPLAPPLE INC | 4.80% | $701.87M | 2.4M | $289.36 |
AVGOBROADCOM INC | 3.85% | $563.54M | 1.5M | $377.75 |
AMZNAMAZON.COM INC | 2.99% | $437.61M | 1.8M | $238.34 |
MSFTMICROSOFT CORP | 2.92% | $426.87M | 1.1M | $373.02 |
2.91% | $425.59M | 1.2M | $343.09 | |
2.42% | $353.39M | 1.1M | $327.33 | |
KLACKLA CORP | 2.40% | $351.19M | 1.2M | $301.71 |
2.39% | $349.46M | 620.4K | $563.29 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 96 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.88% |
| Cash & short-term | 1.08% |
By sector
- Information Technology
- 32.6%
- Financials
- 11.6%
- Consumer Discretionary
- 11.0%
- Industrials
- 9.1%
- 9 other sectors
- 35.8%
- Information Technology
- 32.6%
- Financials
- 11.6%
- Consumer Discretionary
- 11.0%
- Industrials
- 9.1%
- Communication Services
- 8.4%
- Health Care
- 7.5%
- International
- 7.4%
- Energy
- 3.9%
- Materials
- 2.9%
- Utilities
- 2.1%
- Other
- 1.9%
- Cash
- 1.1%
- Real Estate
- 0.7%
How it has done
PRWAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.44%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 4 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.79% | +15.41% | +70.48% | +62.52% | -10.12% | |
| 1.05% | +15.09% | +69.08% | +60.34% | -10.24% | |
| 0.66% | +15.59% | +71.19% | +63.65% | -10.06% | |
| 0.00% | +16.32% | — | — | — |
These classes hold the same portfolio, so the 1.23pp spread over 1 year is the cost difference between them — roughly 1.23pp a year — not a difference in what they own.
Fees & fund details
T. Rowe Price All-Cap Opportunities Fund is an actively managed U.S. equity fund. 23% of PRWAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 90% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.00% – 1.05%· PRWAX 0.79%
- Portfolio turnover
- 103.80% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
19 new· the largest 8
23 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 1 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 5 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 10 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — PRWAX, QQQ and the fund in my 401(k)?”
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