TRGOX
T. Rowe Price Large-Cap Growth Fund
T. Rowe Price Equity Funds, Inc.
Expense ratio1
0.70%
Net assets2
$18.77B
Holdings2
80
Category
US Equity
2025 return3
17.46%

Investment objective & strategy

As of Feb. 25, 2026 · prospectus

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

Strategy. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities of large-cap companies with growth characteristics. The fund considers a company to have growth characteristics if the companys securities are represented in an appropriate third-party growth-oriented index. Any derivatives that provide exposure to the investment focus suggested by the funds name, or to one or more market risk factors associated with the investment focus suggested by the funds name, are counted (as applicable) toward compliance with the funds 80% investment policy. The fund defines a large-cap company as a company whose market capitalization falls above the minimum market capitalization in the MSCI USA Large Cap Index or MSCI World Large Cap … The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities of large-cap companies with growth characteristics. The fund considers a company to have growth characteristics if the companys securities are represented in an appropriate third-party growth-oriented index. Any derivatives that provide exposure to the investment focus suggested by the funds name, or to one or more market risk factors associated with the investment focus suggested by the funds name, are counted (as applicable) toward compliance with the funds 80% investment policy. The fund defines a large-cap company as a company whose market capitalization falls above the minimum market capitalization in the MSCI USA Large Cap Index or MSCI World Large Cap Index (after systematically removing any companies that cannot reasonably be considered a large-cap company from the low end of the range of each index). The market capitalization of the companies in the indexes change over time and the indexes are periodically reconstituted to ensure that they continue to accurately reflect the large-cap equity market. As of December 31, 2025, the smallest market capitalization represented across these indexes (after removing any outlier companies) was $18 billion. The fund uses a growth style of investing. Accordingly, the adviser looks for companies with an above-average rate of earnings and cash flow growth and a lucrative niche in the economy that gives them the ability to sustain earnings momentum even during times of slow economic growth. The fund may, to a limited extent, invest in privately held companies and companies that only recently began to trade publicly. At times, the fund may have a significant portion of its assets invested in the same economic sector, such as the information technology sector. The fund is nondiversified, which means it may invest a greater percentage of its assets in a particular issuer than is permissible for a diversified fund.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
NVIDIA CORP $2.30B 12.27%
APPLE INC $1.84B 9.80%
MICROSOFT CORP $1.69B 9.00%
ALPHABET INC CL A $1.36B 7.25%
BROADCOM INC $1.02B 5.43%
AMAZON.COM INC $739.89M 3.94%
META PLATFORMS INC CL A $594.09M 3.17%
MASTERCARD INC CL A $569.60M 3.03%
VISA INC-CLASS A $494.95M 2.64%
BLOCK INC CL A $484.61M 2.58%
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
6
Exited
5
Increased
9
Decreased
36
Unchanged
30

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 →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Growth Fund · HNASX 94% 0.82%
T. Rowe Price Growth ETF · TGRT 80% 0.38%
LargeCap Growth Fund I · PPUMX, PPUPX, PLGIX, PLGJX, PLGAX, PLCGX 78% 0.59%
View all similar funds →

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. 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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