T. Rowe Price Institutional Large-Cap Core Growth Fund
T. Rowe Price Equity Funds, Inc. · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
T. Rowe Price Institutional Large-Cap Core Growth Fund is an actively managed U.S. equity fund. 37% of TPLGX’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 Q1
The fund seeks to provide long-term capital growth through investments in the common stocks of large-cap growth companies.
The fund invests at least 80% of its net assets in common stocks of large-cap companies with growth characteristics, defined as those represented in appropriate third-party growth-oriented indexes. The adviser selects stocks by screening for established companies with strong free cash flow growth, high returns on capital, above-average earnings growth, solid balance sheets, and leading market positions, while seeking to avoid overpaying relative to valuation history, peers, and the overall market. The fund is nondiversified and may invest a greater percentage of its assets in a particular issuer than is permissible for a diversified fund, and at times may hold a significant portion of assets in a single economic sector such as information technology. Because holdings depend on the adviser's assessment of fundamentals and valuations, which may change, the fund's composition will diverge from any single index.
| Share class | Expense ratio | As of |
|---|---|---|
| TPLGX | 0.56% | 2025 Q1 |
Portfolio turnover 17.10% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.59% |
| Cash & short-term | 0.23% |
| Bonds | 0.22% |
Look-through blends 1 underlying fund; 0.589% 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
| Information Technology | 47.3% |
| Communication Services | 17.4% |
| Consumer Discretionary | 11.3% |
| Health Care | 5.7% |
| 6 smaller | 18.3% |
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
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
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to 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
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Floating rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| 3-5y | 100.0% |
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.
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.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPNVDA | 15.65% | $200.09 | $415.84M | 2.1M |
| GOOG | ALPHABET INC CL CGOOG | 6.23% | $353.33 | $165.55M | 468.5K |
| AVGO | BROADCOM INCAVGO | 5.88% | $377.75 | $156.26M | 413.7K |
| GOOGL | ALPHABET INC CL AGOOGL | 5.80% | $357.37 | $154.09M | 431.2K |
| AAPL | APPLE INCAAPL | 4.42% | $289.36 | $117.60M | 406.4K |
| MSFT | MICROSOFT CORPMSFT | 4.30% | $373.02 | $114.20M | 306.2K |
| AMD | ADVANCED MICRO DEVICESAMD | 3.55% | $580.91 | $94.31M | 162.3K |
| META | META PLATFORMS INC-CLASS AMETA | 3.46% | $563.29 | $91.81M | 163.0K |
| AMZN | AMAZON.COM INCAMZN | 3.26% | $238.34 | $86.68M | 363.7K |
| CVNA | CARVANA COCVNA | 3.19% | $65.82 | $84.66M | 1.3M |
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 55.73% of net assets, top 25 82.86%, across 78 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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