T. Rowe Price Large-Cap Growth Fund

T. Rowe Price Equity Funds, Inc. · Series S000002095 · 2 share classes

Equity fund · 99% stocks· rate + credit risk filed
One fund, 2 share classes:TRLGXTRGOX
$20.55B NAV
90 positions · as of 2026-06-30 · filed 2026-08-27
data updated 2026-09-08

Fund profile

As filed in the prospectus · 2026 Q1

The fund seeks to provide long-term capital appreciation through investments in common stocks of growth companies.

Strategy · summarised

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 screens for companies with above-average earnings and cash flow growth and sustainable competitive advantages. Because the fund is nondiversified, it may concentrate a greater percentage of its assets in a particular issuer than a diversified fund would permit, and it may hold a significant portion of assets in a single economic sector.

Expenses
0.55% 0.70%across 2 share classes
Share classGrossNetAs of
TRLGX0.55%0.55%2025 Q1
TRGOX0.74%0.70%2025 Q1

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 27.10% · as of 2026 Q1

Allocation

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

100.57%
of net assets
Stocks99.07%
Cash & short-term1.50%

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 11 new2 exited

Largest new: AMD, TAIWAN SEMICONDUCTOR-SP ADR, MU, ASML HOLDING NV NY, MEDP, VRT, AXON, SPCX

Exited: NOW, TMUS

Return profile

Chart:

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

Share class1-year3-year5-yearVolWorst fall
+25.46%+91.25%+61.26%18.35%-13.62%
+25.32%+90.47%+60.17%18.35%-13.68%

These classes hold the same portfolio, so the 1.09pp spread over 5 years is the cost difference between them — roughly 0.22pp 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
Avg maturity
Flagged holdings
Defaulted: not reported
In arrears: not reported
Paid in kind: not reported

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.

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 CORPNVDA14.24%$2.93B
ALPHABET INC CL AGOOGL10.49%$2.16B
BROADCOM INCAVGO5.50%$1.13B
APPLE INCAAPL4.59%$942.82M
ADVANCED MICRO DEVICESAMD3.72%$764.93M
MICROSOFT CORPMSFT3.37%$693.03M
MASTERCARD INC - AMA2.86%$586.95M
META PLATFORMS INC-CLASS AMETA2.83%$582.50M
ELI LILLY & COLLY2.57%$529.01M
BLOCK INCXYZ2.43%$498.61M
Showing 10 of 90Sign in to see more

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 52.61% of net assets, top 25 74.29%, across 90 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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