QAOSWX
T. Rowe Price All-Cap Opportunities Portfolio
T. ROWE PRICE EQUITY SERIES, INC.
Expense ratio1
0.80%
Net assets2
$500.66M
Holdings2
99
Category
US Equity
2025 return3
16.31%

Investment objective & strategy

As of April 24, 2025 · 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 has the flexibility to 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 define 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 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 has the flexibility to 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 define 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 $39.22M 7.83%
APPLE INC $32.97M 6.58%
ALPHABET INC CL C $21.05M 4.20%
T Rowe Price Government Reserve Investment Fund TRPGRIA $20.46M 4.09%
MICROSOFT CORP $19.38M 3.87%
AMAZON.COM INC $18.21M 3.64%
BROADCOM INC $15.70M 3.13%
VISA INC-CLASS A $15.26M 3.05%
JPMORGAN CHASE and CO $11.13M 2.22%
SEA LTD ADR $10.31M 2.06%
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
30
Decreased
28
Unchanged
24

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 April 24, 2025, 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. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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