PRWAX
T. Rowe Price All-Cap Opportunities Fund
T. Rowe Price All-Cap Opportunities Fund, Inc.
Expense ratio1
0.80%
Net assets2
$14.36B
Holdings2
100
Category
US Equity
2025 return3
16.33%

Investment objective & strategy

As of Feb. 25, 2026 · prospectus

Objective. The fund seeks to provide long-term capital growth by investing primarily in the common stocks of growth companies.

Strategy. The fund invests primarily (at least 65% of its total assets) in common stocks of U.S. companies operating in those sectors of the economy that, in the advisers view, are the fastest growing or have the greatest growth potential. While the fund generally takes a growth approach to stock selection, the fund may opportunistically invest in companies with either growth or value characteristics. Growing companies that are positioned to benefit from dynamic technological, social, medical, and business developments that help defin e the current U.S. economic landscape can be found across an array of sectors. The funds allocation to sectors will generally reflect such factors as the overall revenue growth of the component companies in a sector and the sectors … The fund invests primarily (at least 65% of its total assets) in common stocks of U.S. companies operating in those sectors of the economy that, in the advisers view, are the fastest growing or have the greatest growth potential. While the fund generally takes a growth approach to stock selection, the fund may opportunistically invest in companies with either growth or value characteristics. Growing companies that are positioned to benefit from dynamic technological, social, medical, and business developments that help defin e the current U.S. economic landscape can be found across an array of sectors. The funds allocation to sectors will generally reflect such factors as the overall revenue growth of the component companies in a sector and the sectors contribution to U.S. gross domestic product from year to year. The fund can invest in companies of any size (or market capitalization). In selecting stocks, the adviser looks for many characteristics, typically including, but not limited to: ? earnings growth rates that generally exceed that of the average company in the Russell 3000 Index; ? favorable company fundamentals, such as a strong balance sheet, sound business strategy, and promising competitive positioning; ? effective management; and/or ? stock valuations, such as price/earnings or price/cash flow ratios, that seem reasonable relative to the companys prospects. At times, the fund may have a significant portion of its assets invested in the same economic sector, such as the information technology sector. While most assets are typically invested in U.S. common stocks, the fund may invest in foreign stocks in keeping with its objective(s).

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
NVIDIA CORP $1.13B 7.85%
APPLE INC $960.15M 6.69%
ALPHABET INC CL C $602.83M 4.20%
MICROSOFT CORP $561.34M 3.91%
T Rowe Price Government Reserve Investment Fund TRPGRIA $539.33M 3.76%
AMAZON.COM INC $518.61M 3.61%
BROADCOM INC $446.88M 3.11%
VISA INC-CLASS A $439.62M 3.06%
JPMORGAN CHASE and CO $317.58M 2.21%
SEA LTD ADR $296.99M 2.07%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
17
Exited
22
Increased
27
Decreased
31
Unchanged
25

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

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Advisers

As of December 31, 2025 · N-CEN
FirmRole
T. Rowe Price Associates, Inc. Adviser

Footnotes

  1. Expense ratio as of February 25, 2026, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.

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