T.Rowe Price Large Cap Growth Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, T.Rowe Price Large Cap Growth Portfolio held 115 positions with $2.24B in net assets. Its ten largest holdings made up 52.1% of the fund. Its share classes cost 0.56%–0.81% a year. Over the 12 months to May 2026, it returned 23.5%, with dividends reinvested. In 2026 Q2 it added 32 new positions and exited 5.
Long-term growth of capital.
T. Rowe Price Associates, as subadviser, invests at least 80% of the fund's assets in equity securities of large capitalization growth companies, defined by market capitalizations within the Russell 1000 Growth Index range. The manager selects stocks exhibiting strong cash flow, above-average earnings growth, and sustainable competitive advantages, with discretion to purchase securities outside these criteria when substantial appreciation is perceived. Foreign securities are limited to 25% of assets. Because security selection depends on the subadviser's assessments of earnings momentum and competitive positioning, fund performance will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp | 13.82% | $310.26M | 1.6M | $200.09 |
GOOGLAlphabet Inc | 7.81% | $175.20M | 490.2K | $357.37 |
AAPLApple Inc | 5.82% | $130.69M | 451.6K | $289.36 |
AVGOBroadcom Inc | 5.31% | $119.24M | 315.7K | $377.75 |
MSFTMicrosoft Corp | 4.14% | $93.02M | 249.4K | $373.02 |
3.43% | $76.91M | 64.1K | $1,199.43 | |
3.21% | $71.92M | 127.7K | $563.29 | |
2.99% | $67.16M | 63.1K | $1,064.90 | |
TSLATesla Inc | 2.81% | $63.05M | 149.9K | $420.60 |
2.80% | $62.78M | 108.1K | $580.91 |
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 115 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 | 99.89% |
| Cash & short-term | 0.55% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified. The blend is as of 2025Q4, one or more quarters before the direct holdings (2026Q2).
By sector
- Information Technology
- 45.0%
- Industrials
- 13.9%
- Communication Services
- 12.4%
- Consumer Discretionary
- 7.2%
- 8 other sectors
- 21.5%
- Information Technology
- 45.0%
- Industrials
- 13.9%
- Communication Services
- 12.4%
- Consumer Discretionary
- 7.2%
- Health Care
- 5.9%
- Financials
- 4.8%
- International
- 4.8%
- Other
- 3.5%
- Cash
- 1.5%
- Real Estate
- 0.6%
- Consumer Staples
- 0.2%
- Materials
- 0.1%
How it has done
C000017848 share class · total returns with dividends reinvested
Volatility over the last 12 months: 18.20%. 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.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Fees & fund details
T.Rowe Price Large Cap Growth Portfolio is an actively managed U.S. equity fund. 47% of T.Rowe Price Large Cap Growth Portfolio’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
- Expense ratio, by class
- 0.56% – 0.81%
- Portfolio turnover
- 33.00% a year · as of 2026 Q2
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.
32 new· the largest 8
5 exited
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