# EDGAR Filing Document

**Accession Number:** 0001012968
**File Stem:** 0001012968-25-000169
**Filing Date:** 2025-8
**Character Count:** 33295
**Document Hash:** a1b12df1b67078fcc74b92ffec7ed698
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001012968-25-000169.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001012968-25-000169

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Equity Funds, Inc.
- **CENTRAL INDEX KEY:** 0001012968

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07639
- **FILM NUMBER:** 251256845

**BUSINESS ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** T. Rowe Price Institutional Equity Funds, Inc.
- **DATE OF NAME CHANGE:** 20051028

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** T ROWE PRICE INSTITUTIONAL EQUITY FUNDS INC
- **DATE OF NAME CHANGE:** 20011105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INSTITUTIONAL DOMESTIC EQUITY FUNDS INC
- **DATE OF NAME CHANGE:** 19960428

## Series and Classes Contracts Data

### T. Rowe Price Large-Cap Value Fund (Series ID: S000002093)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000005461 | T. Rowe Price Large-Cap Value Fund-I Class | TILCX           |
| C000219139 | T. Rowe Price Large-Cap Value Fund         | TRLUX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** T. Rowe Price Equity Funds, Inc.

- **b. Investment Company Act file number:** 811-07639

- **c. CIK number of Registrant:** 0001012968

- **d. LEI of Registrant:** 5493001JE5UESPEILY31

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1307 Point Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21231

  - **Telephone number:** 410-345-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** T. Rowe Price Large-Cap Value Fund

- **b. EDGAR series identifier (if any):** S000002093

- **c. LEI of Series:** O2YIWB7TIMOZV5ZF4D22

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $3219163898.84

**Total Liabilities:** $28562966.80

**Net Assets:** $3190600932.04

**Cash Not Reported:** $4.14

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000005461 | -5.43%               | 3.27%                | 2.22%                |
| Class ID C000219139 | -5.40%               | 3.23%                | 2.19%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4262278.63             | $-176751754.48                             |
| Month 2  | $5477628.17              | $88161197.95                               |
| Month 3  | $134091035.41            | $-72207493.60                              |

### Schedule of Portfolio Investments

| Name                                  | Title                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AGCO Corp                             | AGCO CORP                                          | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |    246100 | NS      | $25387676.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc            | ADVANCED MICRO DEVICES INC                         | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    193200 | NS      | $27415080.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                     | ALLSTATE CORP/THE                                  | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |    109107 | NS      | $21964330.17  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                          | ALPHABET INC                                       | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    420600 | NS      | $74610234.00  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                        | AMAZON.COM INC                                     | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    304900 | NS      | $66892011.00  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                           | AMEREN CORP                                        | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |    651081 | NS      | $62529819.24  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc      | AMERICAN INTERNATIONAL GROUP INC                   | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |    173478 | NS      | $14847982.02  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                   | ELEVANCE HEALTH INC                                | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    207236 | NS      | $80606514.56  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                 | APPLIED MATERIALS INC                              | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |    147800 | NS      | $27057746.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                       | ASTRAZENECA PLC                                    | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    281600 | NS      | $19678208.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc             | AVALONBAY COMMUNITIES INC                          | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |    245133 | NS      | $49884565.50  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                  | BANK OF AMERICA CORP                               | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   1754021 | NS      | $83000273.72  | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International Inc              | BAXTER INTERNATIONAL INC                           | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |   1273700 | NS      | $38567636.00  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                 | BECTON DICKINSON & CO                              | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |    294187 | NS      | $50673710.75  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                         | BOEING CO/THE                                      | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |    162898 | NS      | $34132017.94  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc            | CF INDUSTRIES HOLDINGS INC                         | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |    288291 | NS      | $26522772.00  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                       | CIGNA GROUP/THE                                    | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     79724 | NS      | $26355159.92  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                              | CSX CORP                                           | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |   1067100 | NS      | $34819473.00  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                       | CVS HEALTH CORP                                    | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    681693 | NS      | $47023183.14  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                    | EXPAND ENERGY CORP                                 | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    131600 | NS      | $15389304.00  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                         | CITIGROUP INC                                      | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    637400 | NS      | $54255488.00  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                      | COCA-COLA CO/THE                                   | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    372490 | NS      | $26353667.50  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                  | COLGATE-PALMOLIVE CO                               | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |    423141 | NS      | $38463516.90  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                          | COMCAST CORP                                       | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    836831 | NS      | $29866498.39  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                        | CONOCOPHILLIPS                                     | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    810365 | NS      | $72722155.10  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc              | COREBRIDGE FINANCIAL INC                           | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |    591878 | NS      | $21011669.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                           | CUMMINS INC                                        | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |    101676 | NS      | $33298890.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                    | WALT DISNEY CO/THE                                 | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    300459 | NS      | $37259920.59  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                   | DOMINION ENERGY INC                                | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    324168 | NS      | $18321975.36  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                     | EOG RESOURCES INC                                  | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    160900 | NS      | $19245249.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                              | EQT CORP                                           | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    333434 | NS      | $19445870.88  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                | EQUITABLE HOLDINGS INC                             | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |    732819 | NS      | $41111145.90  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                      | EXXON MOBIL CORP                                   | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    466667 | NS      | $50306702.60  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                    | META PLATFORMS INC                                 | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     30800 | NS      | $22733172.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                            | FISERV INC                                         | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |    169410 | NS      | $29207978.10  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp                          | FORTIVE CORP                                       | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |    599500 | NS      | $31251935.00  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                   | GENERAL ELECTRIC CO                                | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    138223 | NS      | $35577217.97  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/The      | HARTFORD INSURANCE GROUP INC/THE                   | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |    486659 | NS      | $61742427.33  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                    | HOME DEPOT INC/THE                                 | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    161500 | NS      | $59212360.00  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH          | HUNTINGTON BANCSHARES INC/OH                       | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |   1997596 | NS      | $33479708.96  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                            | INTEL CORP                                         | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    505000 | NS      | $11312000.00  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                | INTERNATIONAL PAPER CO                             | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    807905 | NS      | $37834191.15  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                     | JOHNSON & JOHNSON                                  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    106813 | NS      | $16315685.75  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                            | KENVUE INC                                         | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |   3931092 | NS      | $82277755.56  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                   | KIMBERLY-CLARK CORP                                | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |    406638 | NS      | $52423770.96  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc             | L3HARRIS TECHNOLOGIES INC                          | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |    291206 | NS      | $73046113.04  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                  | LAS VEGAS SANDS CORP                               | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |    837818 | NS      | $36453461.18  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                            | SIEMENS AG                                         | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |    122882 | NS      | $31563249.16  | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck & Co Inc                        | MERCK & CO INC                                     | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    242800 | NS      | $19220048.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                           | METLIFE INC                                        | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    719200 | NS      | $57838064.00  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                        | MICROSOFT CORP                                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     57426 | NS      | $28564266.66  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp                             | NEWS CORP                                          | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |    935507 | NS      | $27803268.04  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                 | NORFOLK SOUTHERN CORP                              | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |    225283 | NS      | $57665689.51  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd            | SAMSUNG ELECTRONICS CO LTD                         | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    720474 | NS      | $31860528.50  | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International Inc       | PHILIP MORRIS INTERNATIONAL INC                    | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    259605 | NS      | $47281858.65  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The               | PROCTER & GAMBLE CO/THE                            | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    253900 | NS      | $40451348.00  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                          | QUALCOMM INC                                       | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    263841 | NS      | $42019317.66  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                 | RPM INTERNATIONAL INC                              | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |    154910 | NS      | $17015314.40  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralliant Corp                         | RALLIANT CORP                                      | CUSIP: 750940108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    199833 | NS      | $9689917.36   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Government Reserve Fund | T. Rowe Price Government Reserve Fund              | CUSIP: 76105Y109<br>LEI: 5493002Y0IYARJVQ5N24 | Long             | STIV             | RF                | US        |  12139366 | NS      | $12139366.03  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Government Reserve Fund | T. Rowe Price Government Reserve Fund - Collateral | CUSIP: 76105YYY8<br>LEI: 5493002Y0IYARJVQ5N24 | Long             | STIV             | RF                | US        |  26984285 | NS      | $26984285.25  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc         | REXFORD INDUSTRIAL REALTY INC                      | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    812093 | NS      | $28886148.01  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc               | ROCKWELL AUTOMATION INC                            | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |    105500 | NS      | $35043935.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                        | SALESFORCE INC                                     | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    153300 | NS      | $41803377.00  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                             | SANOFI SA                                          | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |    387300 | NS      | $18710463.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                       | SCHLUMBERGER NV                                    | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    826000 | NS      | $27918800.00  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The               | CHARLES SCHWAB CORP/THE                            | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    939500 | NS      | $85719980.00  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                | SEMPRA                                             | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    463965 | NS      | $35154628.05  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                       | SOUTHERN CO/THE                                    | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    571705 | NS      | $52499670.15  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc            | STANLEY BLACK & DECKER INC                         | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |    446074 | NS      | $30221513.50  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                 | TEXAS INSTRUMENTS INC                              | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    180753 | NS      | $37527937.86  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc          | THERMO FISHER SCIENTIFIC INC                       | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     36900 | NS      | $14961474.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                      | TOTALENERGIES SE                                   | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    524829 | NS      | $32219252.31  | 1.01%             |  |  |  | No            |                  1 | On Loan: —       |
| US Bancorp                            | US BANCORP                                         | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    654183 | NS      | $29601780.75  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc             | UNITED PARCEL SERVICE INC                          | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |    257658 | NS      | $26007998.52  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                | UNITEDHEALTH GROUP INC                             | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    118902 | NS      | $37093856.94  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                           | VIATRIS INC                                        | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |   2606800 | NS      | $23278724.00  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                           | WALMART INC                                        | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    367402 | NS      | $35924567.56  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                      | WELLS FARGO & CO                                   | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    959001 | NS      | $76835160.12  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                       | WEYERHAEUSER CO                                    | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |   1271723 | NS      | $32670563.87  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                  | WILLIAMS COS INC/THE                               | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    373397 | NS      | $23453065.57  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc            | ZIMMER BIOMET HOLDINGS INC                         | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |    591352 | NS      | $53937215.92  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                             | CHUBB LTD                                          | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |    231474 | NS      | $67062647.28  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                         | ACCENTURE PLC                                      | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     91727 | NS      | $27416283.03  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                   | TE CONNECTIVITY PLC                                | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     83000 | NS      | $13999610.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-04

**Name of Applicant:** T. Rowe Price Equity Funds, Inc.

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President