T. Rowe Price Blue Chip Growth Portfolio

T. ROWE PRICE EQUITY SERIES, INC. · 2 share classes

Actively managed U.S. equity fund
One fund, 2 share classes:QAAAJXQAAGXX
$2.53B NAV
78 positions · as of 2026-06-30 · filed 2026-08-27

Fund classification

Classified from what the fund holds · as of 2026 Q2

T. Rowe Price Blue Chip Growth Portfolio is an actively managed U.S. equity fund. 37% of QAAAJX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 94% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund
Features
Non-diversified

Fund profile

As filed in the prospectus · 2026 Q2

The fund seeks to provide long-term capital growth.

Strategy · summarised

The fund invests at least 80% of its net assets in common stocks of blue chip companies—those represented in the S&P 500 Index—that also appear in third-party growth-oriented indices, targeting firms with leading market positions, seasoned management, strong financial fundamentals, and above-average earnings growth potential. The fund is nondiversified and may invest a greater percentage of its assets in a particular issuer than is permissible for a diversified fund. Concentration in a single economic sector, such as information technology, is possible.

Expenses
0.74% 0.99%across 2 share classes
Share classExpense ratioAs of
QAAAJX0.74%2025 Q2
QAAGXX0.99%2025 Q2

Portfolio turnover 18.40% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.06%
of net assets
Stocks99.58%
Cash & short-term0.33%
Bonds0.15%

Look-through blends 1 underlying fund; 0.599% of NAV was not looked through and stays direct-classified. The blend is as of 2025Q3, one or more quarters before the direct holdings (2026Q2).

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Information Technology47.5%
Communication Services17.5%
Consumer Discretionary11.3%
Health Care5.9%
6 smaller17.8%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
37%of stock holdings in top-quartile growers
covering 94% of the fund’s equity
Earnings growth
40%of stock holdings in top-quartile growers
covering 84% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 13 new7 exited

Largest new: AMD, MU, LRCX, AMAT, MRVL, CAT, OPENAI GROUP PBC CLASS A COMMON PP, Anthropic PBC SER H-1 CVT PFD PP

Exited: OPENAI GROUP PCB CLASS A COMMON PP, CMG, SHW, CL, PG, MDLZ, ADYEN NV

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+28.75%+102.05%+61.13%18.91%-12.05%
+28.40%+100.49%+59.12%18.89%-12.13%

These classes hold the same portfolio, so the 2.01pp spread over 5 years is the cost difference between them — roughly 0.40pp a year — not a difference in what they own.

Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30

Avg coupon
9.00%
Avg maturity
4.51 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

100%
floating
Floating rate100.0%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

3-5y
3-5y100.0%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: 100.00% · $3.75M · 2 positions

These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.

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.

Interest-rate duration
0.00 yr
approx. move per 100bp
Credit-spread duration
0.00 yr
approx. move per 100bp
Investment grade: +0.00 yrHigh yield: +0.00 yr
Show the numbers
TenorRate yrsIG yrsHY yrsIG $/bpHY $/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.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA CORPNVDA15.74%$398.80M
ALPHABET INC CL CGOOG6.24%$158.20M
BROADCOM INCAVGO5.90%$149.56M
ALPHABET INC CL AGOOGL5.79%$146.58M
APPLE INCAAPL4.40%$111.57M
MICROSOFT CORPMSFT4.33%$109.75M
ADVANCED MICRO DEVICESAMD3.54%$89.63M
META PLATFORMS INC-CLASS AMETA3.47%$87.92M
AMAZON.COM INCAMZN3.24%$81.99M
CARVANA COCVNA3.18%$80.69M
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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.

Top 10 positions are 55.83% of net assets, top 25 83.14%, across 77 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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