Invests in common stocks of large and medium-sized blue chip companies that have the potential for above-average earnings growth and are well established.
Growth stocks have historically been more volatile than cyclical stocks.
Morningstar Ratings™ are based on risk-adjusted returns. Click on "Overall Rating" for the fund's 3-, 5-, and 10-year (if applicable) Morningstar Ratings™.
Paul Greene is the portfolio manager of the US Large-Cap Core Growth Equity Strategy in the U.S. Equity Division. He is a vice president and an Investment Advisory Committee member of the US Large-Cap Core Growth Equity, Communications and Technology Equity, and US Growth Stock Equity Strategies. He is an Investment Advisory Committee member of the Global Growth Equity and Global Focused Growth Equity Strategies. Paul is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Trust Company.
Growth companies that meet or exceed profit targets are often handsomely rewarded by investors.
Leadership companies have generally performed well in the past and appear well positioned to lead their industries in coming years.
Funds that invest in growth stocks are subject to the volatility inherent in common stock investing, and their share price may fluctuate more than that of a fund investing in income-oriented stocks.
Investor Profile
For investors with a long-term horizon seeking exposure to leadership companies and companies in sectors that are at the forefront of secular change.
Suitable as a core holding for the growth portion of an investor’s domestic stock portfolio.
Holdings (12/31/2021)
Security Name
% of Fund
Prev Qtr Change
Value
Sector
Industry
Country
11.10%
2.59%
$11,349,615,480.96
Information Technology
Software
United States
9.79%
-0.65%
$10,005,527,423.68
Consumer Discretionary
Internet & Direct Marketing Retail
United States
8.97%
0.36%
$9,171,925,073.01
Communication Services
Interactive Media & Services
United States
7.76%
3.13%
$7,938,325,448.10
Information Technology
Technology Hardware, Storage & Peripherals
United States
6.64%
-0.73%
$6,786,496,278.80
Communication Services
Interactive Media & Services
United States
3.25%
1.63%
$3,321,828,924.32
Information Technology
Semiconductors & Semiconductor Equipment
United States
2.31%
-0.64%
$2,364,794,781.05
Information Technology
IT Services
United States
2.29%
-0.09%
$2,340,025,322.25
Information Technology
Software
United States
2.09%
N/A
$2,137,820,498.46
Consumer Discretionary
Automobiles
United States
2.02%
0.01%
$2,070,079,428.54
Information Technology
Software
United States
1.91%
0.30%
$1,952,009,495.34
Health Care
Health Care Providers & Services
United States
1.81%
-0.18%
$1,849,681,773.48
Communication Services
Entertainment
United States
1.81%
-0.12%
$1,846,911,986.40
Information Technology
IT Services
United States
1.63%
0.00%
$1,662,104,553.60
Health Care
Health Care Equipment & Supplies
United States
1.58%
-0.88%
$1,611,217,360.89
Communication Services
Entertainment
Singapore
1.25%
-0.84%
$1,275,727,596.78
Communication Services
Interactive Media & Services
United States
1.24%
0.31%
$1,272,935,514.70
Information Technology
Semiconductors & Semiconductor Equipment
United States
1.24%
-0.39%
$1,271,774,486.64
Communication Services
Interactive Media & Services
United States
1.15%
-0.00%
$1,177,031,629.95
Health Care
Life Sciences Tools & Services
United States
1.10%
0.10%
$1,128,044,637.86
Health Care
Pharmaceuticals
United States
1.02%
0.12%
$1,046,222,721.50
Information Technology
Software
United States
1.02%
N/A
$1,039,760,029.43
Consumer Discretionary
Automobiles
United States
0.96%
-1.21%
$978,158,048.28
Information Technology
IT Services
United States
0.96%
-0.34%
$976,860,180.01
Consumer Discretionary
Specialty Retail
United States
0.95%
-0.08%
$973,988,749.65
Financials
Capital Markets
United States
0.85%
-0.01%
$866,967,002.82
Information Technology
Semiconductors & Semiconductor Equipment
Netherlands
0.81%
-0.02%
$828,947,498.52
Health Care
Health Care Providers & Services
United States
0.81%
0.05%
$823,353,800.08
Consumer Discretionary
Textiles, Apparel & Luxury Goods
United States
0.75%
-0.09%
$762,742,282.25
Consumer Discretionary
Textiles, Apparel & Luxury Goods
United States
0.72%
-0.02%
$734,434,133.60
Consumer Discretionary
Specialty Retail
United States
0.71%
-0.09%
$723,709,066.50
Consumer Discretionary
Hotels Restaurants & Leisure
United States
0.69%
-0.06%
$704,429,206.56
Health Care
Health Care Equipment & Supplies
United States
0.67%
0.02%
$682,839,764.37
Financials
Capital Markets
United States
0.66%
0.02%
$672,681,492.00
Consumer Discretionary
Multiline Retail
United States
0.66%
0.02%
$671,376,193.05
Information Technology
IT Services
United States
0.65%
-0.04%
$662,061,786.96
Information Technology
IT Services
Canada
0.65%
0.06%
$661,605,802.80
Information Technology
Software
United States
0.64%
0.09%
$654,648,299.65
Health Care
Pharmaceuticals
United States
0.63%
-0.27%
$645,373,547.50
Consumer Discretionary
Internet & Direct Marketing Retail
United States
0.63%
0.05%
$642,686,902.48
Health Care
Life Sciences Tools & Services
United States
0.56%
-0.32%
$573,614,716.74
Information Technology
IT Services
United States
0.48%
0.11%
$494,268,193.25
Information Technology
Semiconductors & Semiconductor Equipment
United States
0.48%
-0.03%
$493,960,670.09
Consumer Discretionary
Hotels Restaurants & Leisure
United States
0.48%
-0.50%
$488,692,965.42
Communication Services
Interactive Media & Services
China
0.46%
0.03%
$466,329,514.84
Industrials & Business Services
Industrial Conglomerates
United States
0.45%
0.01%
$464,112,493.90
Financials
Capital Markets
United States
0.45%
-0.07%
$455,078,154.24
Information Technology
Semiconductors & Semiconductor Equipment
United States
0.44%
-0.34%
$451,668,547.66
Information Technology
IT Services
United States
0.44%
-0.05%
$450,870,086.94
Information Technology
Software
United States
0.43%
N/A
$439,175,262.16
Consumer Discretionary
Automobiles
United States
0.43%
-0.30%
$434,668,342.44
Information Technology
Software
United States
0.37%
-0.33%
$379,968,840.05
Communication Services
Interactive Media & Services
United States
0.35%
-0.13%
$352,938,239.82
Communication Services
Entertainment
United States
0.34%
0.05%
$348,414,059.34
Health Care
Health Care Providers & Services
United States
0.33%
-0.05%
$338,213,899.65
Information Technology
Software
United States
0.32%
-0.00%
$330,244,092.33
Information Technology
Semiconductors & Semiconductor Equipment
Taiwan
0.32%
-0.01%
$328,601,193.04
Information Technology
Semiconductors & Semiconductor Equipment
United States
0.30%
-0.27%
$305,869,027.92
Information Technology
IT Services
United States
0.30%
-0.01%
$305,069,104.41
Communication Services
Entertainment
Sweden
0.30%
-0.25%
$302,762,884.17
Information Technology
Software
United States
0.27%
0.01%
$279,458,021.57
Financials
Insurance
United States
0.27%
0.02%
$275,335,981.83
Materials
Chemicals
United States
0.27%
0.01%
$273,485,787.96
Industrials & Business Services
Commercial Services & Supplies
United States
0.27%
-0.06%
$271,666,957.32
Health Care
Health Care Technology
United States
0.26%
-0.05%
$269,015,983.98
Industrials & Business Services
Industrial Conglomerates
United States
0.26%
0.04%
$268,866,841.05
Information Technology
Software
United States
0.23%
-0.00%
$239,448,819.12
Consumer Discretionary
Hotels Restaurants & Leisure
United States
0.22%
-0.04%
$221,990,725.76
Health Care
Health Care Equipment & Supplies
United States
0.21%
-0.02%
$216,073,948.00
Health Care
Pharmaceuticals
United Kingdom
0.20%
-0.08%
$205,386,595.35
Information Technology
Software
United States
0.19%
-0.03%
$191,368,623.72
Communication Services
Wireless Telecommunication Services
United States
0.18%
0.01%
$188,792,150.00
Information Technology
IT Services
United States
0.18%
0.01%
$185,515,669.62
Information Technology
Electronic Equip, Instr & Cmpts
Switzerland
0.18%
0.01%
$184,798,992.66
Financials
Insurance
United States
0.18%
0.01%
$184,157,929.28
Consumer Discretionary
Specialty Retail
United States
0.17%
-0.00%
$172,849,512.06
Health Care
Health Care Equipment & Supplies
United States
0.17%
0.01%
$169,789,721.64
Industrials & Business Services
Professional Services
United States
0.15%
-0.06%
$157,203,800.30
Information Technology
Software
United States
0.14%
-0.04%
$138,662,203.68
Information Technology
IT Services
United States
0.13%
0.01%
$137,569,431.03
Industrials & Business Services
Professional Services
United States
0.13%
-0.00%
$135,099,983.07
Financials
Capital Markets
United States
0.13%
-0.02%
$129,681,418.02
Consumer Discretionary
Internet & Direct Marketing Retail
Germany
0.12%
0.01%
$119,782,203.45
Industrials & Business Services
Commercial Services & Supplies
United States
0.10%
-0.02%
$98,753,177.25
Information Technology
Software
United States
0.09%
-0.04%
$93,396,783.20
Communication Services
Entertainment
United States
0.08%
-0.02%
$85,126,820.89
Information Technology
Software
United States
0.07%
N/A
$71,708,111.20
Information Technology
Software
United States
0.06%
0.01%
$64,015,996.96
Materials
Chemicals
United States
0.01%
-0.01%
$14,607,009.30
Information Technology
IT Services
United States
0.01%
-0.42%
$7,533,455.72
Industrials & Business Services
Professional Services
United States
Numbers may not total due to rounding; all numbers are percentages.
Please note that holdings are released 15 days after the period end. From time to time, certain securities held may not be listed. This is done to prevent potential harm to the portfolio while the manager completes a buying or selling program in those securities.
The information shown does not reflect any ETFs that may be held in the portfolio.
T. Rowe Price uses the current MSCI/S&P Global Industry Classification Standard (GICS) for sector and industry reporting. T. Rowe Price will adhere to all future updates to GICS.
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Paul Greene is the portfolio manager of the US Large-Cap Core Growth Equity Strategy in the U.S. Equity Division. He is a vice president and an Investment Advisory Committee member of the US Large-Cap Core Growth Equity, Communications and Technology Equity, and US Growth Stock Equity Strategies. He is an Investment Advisory Committee member of the Global Growth Equity and Global Focused Growth Equity Strategies. Paul is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Trust Company.