T.Rowe Price Large Cap Growth Portfolio

Brighthouse Funds Trust II

Actively managed U.S. equity fund
$2.24B NAV
115 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 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

Fund profile

As filed in the prospectus · 2026 Q2

Long-term growth of capital.

Strategy · summarised

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.

Expenses
0.56% 0.81%across 3 share classes
Share classGrossNet
C0000178480.62%0.56%
C0000178490.87%0.81%
C0000178500.77%0.71%

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

Portfolio turnover 33.00% · as of 2026 Q2

Allocation

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

100.44%
of net assets
Stocks99.89%
Cash & short-term0.55%

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).

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 Technology45.0%
Industrials13.9%
Communication Services12.4%
Consumer Discretionary7.2%
8 smaller21.5%

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
47%of stock holdings in top-quartile growers
covering 94% of the fund’s equity
Earnings growth
47%of stock holdings in top-quartile growers
covering 82% 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: 32 new5 exited

Largest new: CAT, SNDK, GLW, BE, PWR, FIX, HEI, CIEN

Exited: Adyen NV, FORM ENERGY SER F CVT, WING, Natwest Markets Securities Inc, National Bank Of Canada

Return profile

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

1-year
+25.81%
3-year
+85.71%
5-year
+44.01%
Volatility
18.91%
Worst 3-yr fall
-13.69%
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.

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.

Holdings

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

Issuer%NAVValue
NVIDIA CorpNVDA13.82%$310.26M
Alphabet IncGOOGL7.81%$175.20M
Apple IncAAPL5.82%$130.69M
Broadcom IncAVGO5.31%$119.24M
Microsoft CorpMSFT4.14%$93.02M
Eli Lilly & CoLLY3.43%$76.91M
Meta Platforms IncMETA3.21%$71.92M
Caterpillar IncCAT2.99%$67.16M
Tesla IncTSLA2.81%$63.05M
Advanced Micro Devices IncAMD2.80%$62.78M
Showing 10 of 115Sign 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 52.14% of net assets, top 25 76.06%, across 115 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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