# EDGAR Filing Document

**Accession Number:** 0001012968
**File Stem:** 0001012968-23-000048
**Filing Date:** 2023-2
**Character Count:** 32131
**Document Hash:** ace2ffcac9583edd243f4715437e2c92
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001012968-23-000048.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001012968-23-000048

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Equity Funds, Inc.
- **CENTRAL INDEX KEY:** 0001012968
- **IRS NUMBER:** 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:** 23667643

**BUSINESS ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

**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:** 100 East Pratt Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21202

  - **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:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $3410198947.20

**Total Liabilities:** $59776412.46

**Net Assets:** $3350422534.74

**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 | 9.62%                | 6.34%                | -3.82%               |
| Class ID C000219139 | 9.60%                | 6.32%                | -3.80%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $28421281.57             | $264231395.55                              |
| Month 2  | $21655528.39             | $181994698.95                              |
| Month 3  | $43588391.18             | $-189164910.73                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Medtronic PLC                                   | MEDTRONIC PLC                                                | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |    679322 | NS      | $52796905.84  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity Ltd                             | TE CONNECTIVITY LTD                                          | CUSIP: 000000000<br>LEI: 894500ZRIX9K13RHXR17 | Long             | EC               | CORP              | CH        |     87578 | NS      | $10053954.40  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                       | CHUBB LTD                                                    | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |    390334 | NS      | $86107680.40  | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                      | ZIMMER BIOMET HOLDINGS INC                                   | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |    531227 | NS      | $67731442.50  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                                 | WEYERHAEUSER CO                                              | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |   1681127 | NS      | $52114937.00  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp                            | WESTERN DIGITAL CORP                                         | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |   1045500 | NS      | $32985525.00  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                | WELLS FARGO & CO                                             | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |   2362468 | NS      | $97546303.72  | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                     | WALMART INC                                                  | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    537273 | NS      | $76179938.67  | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                      | VERIZON COMMUNICATIONS INC                                   | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    242000 | NS      | $9534800.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                       | UNITED PARCEL SERVICE INC                                    | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |    306240 | NS      | $53236761.60  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                                      | US BANCORP                                                   | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    875871 | NS      | $38196734.31  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                | TOTALENERGIES SE                                             | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |   1683309 | NS      | $104499822.72 | 3.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Thermo Fisher Scientific Inc                    | THERMO FISHER SCIENTIFIC INC                                 | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     47459 | NS      | $26135196.71  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                           | TEXAS INSTRUMENTS INC                                        | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    125953 | NS      | $20809954.66  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                                  | TC ENERGY CORP                                               | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |   1417416 | NS      | $56498201.76  | 1.69%             |  |  |  | No            |                  1 | On Loan: —       |
| TJX Cos Inc/The                                 | TJX COS INC/THE                                              | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    247158 | NS      | $19673776.80  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Stericycle Inc                                  | STERICYCLE INC                                               | CUSIP: 858912108<br>LEI: B8PTJH2P0AXSWSMP2136 | Long             | EC               | CORP              | US        |    111871 | NS      | $5581244.19   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc                      | STANLEY BLACK & DECKER INC                                   | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |    484600 | NS      | $36403152.00  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                           | SOUTHWEST AIRLINES CO                                        | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |    405839 | NS      | $13664599.13  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                                 | SOUTHERN CO/THE                                              | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |   1494839 | NS      | $106746452.99 | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Energy                                   | SEMPRA ENERGY                                                | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    434538 | NS      | $67153502.52  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Government Reserve Investment Fund | T ROWE PRICE GOVERNMENT RESERVE INVESTMENT FUND - Collateral | CUSIP: 76105YYY8<br>LEI: 5493007QR86JJLYO6D96 | Long             | STIV             | RF                | US        |  57178816 | NS      | $57178816.25  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Government Reserve Investment Fund | T ROWE PRICE GOVERNMENT RESERVE INVESTMENT FUND              | CUSIP: 76105Y109<br>LEI: 5493007QR86JJLYO6D96 | Long             | STIV             | RF                | US        |  67134414 | NS      | $67134413.79  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                           | RPM INTERNATIONAL INC                                        | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |    232440 | NS      | $22651278.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                    | QUALCOMM INC                                                 | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    647141 | NS      | $71146681.54  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                 | PHILIP MORRIS INTERNATIONAL INC                              | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    768628 | NS      | $77792839.88  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                                      | PFIZER INC                                                   | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    725181 | NS      | $37158274.44  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp                                       | NEWS CORP                                                    | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |   2674583 | NS      | $48677410.60  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                  | MICROSOFT CORP                                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     95426 | NS      | $22885063.32  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                  | MERCK & CO INC                                               | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    402977 | NS      | $44710298.15  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                                      | SIEMENS AG                                                   | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |    364426 | NS      | $50236606.44  | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Magna International Inc                         | MAGNA INTERNATIONAL INC                                      | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |    270030 | NS      | $15170285.40  | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| Las Vegas Sands Corp                            | LAS VEGAS SANDS CORP                                         | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |    386650 | NS      | $18586265.50  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                       | L3HARRIS TECHNOLOGIES INC                                    | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |    254300 | NS      | $52947803.00  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohl s Corp                                     | KOHL'S CORP                                                  | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |    566087 | NS      | $14293696.75  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                             | KIMBERLY-CLARK CORP                                          | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |    382302 | NS      | $51897496.50  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                               | JOHNSON & JOHNSON                                            | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    572278 | NS      | $101092908.70 | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                          | INTERNATIONAL PAPER CO                                       | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |   1585455 | NS      | $54904306.65  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| International Flavors & Fragrances Inc          | INTERNATIONAL FLAVORS & FRAGRANCES INC                       | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |    428467 | NS      | $44920480.28  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH                    | HUNTINGTON BANCSHARES INC/OH                                 | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |   3027296 | NS      | $42684873.60  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                                     | HOLOGIC INC                                                  | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |    263783 | NS      | $19733606.23  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Financial Services Group Inc/The       | HARTFORD FINANCIAL SERVICES GROUP INC/THE                    | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |    696759 | NS      | $52835234.97  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                     | GOLDMAN SACHS GROUP INC/THE                                  | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     60266 | NS      | $20694139.08  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                             | GENERAL ELECTRIC CO                                          | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    692301 | NS      | $58007900.79  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                      | FISERV INC                                                   | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |    762610 | NS      | $77076992.70  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                             | FIFTH THIRD BANCORP                                          | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |    821035 | NS      | $26938158.35  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                              | META PLATFORMS INC                                           | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    228400 | NS      | $27485656.00  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                | EXXON MOBIL CORP                                             | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    516667 | NS      | $56988370.10  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                          | EQUITABLE HOLDINGS INC                                       | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |   1600447 | NS      | $45932828.90  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                     | EQUINIX INC                                                  | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     48700 | NS      | $31899961.00  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                                    | ENTERGY CORP                                                 | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |    118460 | NS      | $13326750.00  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc                        | ELANCO ANIMAL HEALTH INC                                     | CUSIP: 28414H202<br>LEI: 549300SHPNDCE059M934 | Long             | EP               | CORP              | US        |     19539 | NS      | $383673.67    | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| Elanco Animal Health Inc                        | ELANCO ANIMAL HEALTH INC                                     | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |   1720556 | NS      | $21025194.32  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                             | DOMINION ENERGY INC                                          | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    601700 | NS      | $36896244.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                              | WALT DISNEY CO/THE                                           | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    621367 | NS      | $53984364.96  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                     | CUMMINS INC                                                  | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |    222876 | NS      | $54000626.04  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                  | CONOCOPHILLIPS                                               | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    475465 | NS      | $56104870.00  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                              | CONAGRA BRANDS INC                                           | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |   1670771 | NS      | $64658837.70  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                                    | COMCAST CORP                                                 | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    682937 | NS      | $23882306.89  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                                | COCA-COLA CO/THE                                             | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    427738 | NS      | $27208414.18  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                   | CITIGROUP INC                                                | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    682200 | NS      | $30855906.00  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                               | CISCO SYSTEMS INC                                            | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    404412 | NS      | $19266187.68  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                 | CVS HEALTH CORP                                              | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    312780 | NS      | $29147968.20  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Corp                                      | CIGNA CORP                                                   | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |    197324 | NS      | $65381334.16  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                      | CF INDUSTRIES HOLDINGS INC                                   | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |    303391 | NS      | $25848913.20  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                         | BRISTOL-MYERS SQUIBB CO                                      | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    374100 | NS      | $26916495.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                                 | BEST BUY CO INC                                              | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |    423300 | NS      | $33952893.00  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson and Co                         | BECTON DICKINSON AND CO                                      | CUSIP: 075887406<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EP               | CORP              | US        |    129492 | NS      | $6512800.14   | 0.19%             |  |  |  | No            |                  2 | On Loan: —       |
| Becton Dickinson and Co                         | BECTON DICKINSON AND CO                                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |    291263 | NS      | $74068180.90  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                            | BANK OF AMERICA CORP                                         | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   1771251 | NS      | $58663833.12  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                       | AVALONBAY COMMUNITIES INC                                    | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |    462642 | NS      | $74725935.84  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                           | APPLIED MATERIALS INC                                        | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     87191 | NS      | $8490659.58   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                             | ELEVANCE HEALTH INC                                          | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    137536 | NS      | $70551841.92  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc                | AMERICAN INTERNATIONAL GROUP INC                             | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |   1156581 | NS      | $73142182.44  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                                     | AMEREN CORP                                                  | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |    435263 | NS      | $38703585.96  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                    | ALPHABET INC                                                 | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    190540 | NS      | $16906614.20  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                      | ABBVIE INC                                                   | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    291887 | NS      | $47171858.07  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President