# EDGAR Filing Document

**Accession Number:** 0000918294
**File Stem:** 0000918294-25-000167
**Filing Date:** 2025-8
**Character Count:** 43533
**Document Hash:** e49049569e525fa0db891e51cc5495b6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000918294-25-000167.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0000918294-25-000167

**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 Series, Inc.
- **CENTRAL INDEX KEY:** 0000918294

**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:** 811-07143
- **FILM NUMBER:** 251256811

**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:** PRICE T ROWE EQUITY SERIES INC
- **DATE OF NAME CHANGE:** 19940131

## Series and Classes Contracts Data

### T. Rowe Price Equity Income Portfolio (Series ID: S000002077)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000005439 | T. Rowe Price Equity Income Portfolio    | QAAHCX          |
| C000005440 | T. Rowe Price Equity Income Portfolio-II | QAAHAX          |

## 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 SERIES, INC.

- **b. Investment Company Act file number:** 811-07143

- **c. CIK number of Registrant:** 0000918294

- **d. LEI of Registrant:** 549300U8GAQGX2UFFV03

- **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 Equity Income Portfolio

- **b. EDGAR series identifier (if any):** S000002077

- **c. LEI of Series:** ZCT9J28B3X4XRGRLLL47

**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:** $794675372.03

**Total Liabilities:** $601211.69

**Net Assets:** $794074160.34

**Cash Not Reported:** $74.07

**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 C000005440 | -4.48%               | 3.86%                | 2.74%                |
| Class ID C000005439 | -4.48%               | 3.90%                | 2.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2739788.85              | $-38009671.48                              |
| Month 2  | $2194726.42              | $24998220.22                               |
| Month 3  | $33355036.28             | $-13872213.08                              |

### 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        |     33942 | NS      | $3501456.72   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                              | AT&T INC                              | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     40612 | NS      | $1175311.28   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                             | ADOBE INC                             | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      6102 | NS      | $2360741.76   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc            | ADVANCED MICRO DEVICES INC            | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     26241 | NS      | $3723597.90   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                     | ALLSTATE CORP/THE                     | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     24636 | NS      | $4959473.16   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                          | ALPHABET INC                          | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     42062 | NS      | $7461378.18   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                          | ALPHABET INC                          | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     54204 | NS      | $9552370.92   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                        | AMAZON.COM INC                        | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     59988 | NS      | $13160767.32  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                           | AMEREN CORP                           | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     99009 | NS      | $9508824.36   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc      | AMERICAN INTERNATIONAL GROUP INC      | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |    109431 | NS      | $9366199.29   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                   | ELEVANCE HEALTH INC                   | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     36906 | NS      | $14354957.76  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc          | APOLLO GLOBAL MANAGEMENT INC          | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     14597 | NS      | $2070876.39   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                 | APPLIED MATERIALS INC                 | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     29349 | NS      | $5372921.43   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                       | ASTRAZENECA PLC                       | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     67336 | NS      | $4705439.68   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                  | BANK OF AMERICA CORP                  | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    180720 | NS      | $8551670.40   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                 | BECTON DICKINSON & CO                 | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     63266 | NS      | $10897568.50  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                            | BIOGEN INC                            | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |     15106 | NS      | $1897162.54   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                         | BOEING CO/THE                         | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     51474 | NS      | $10785347.22  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                         | BOEING CO/THE                         | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |     51994 | NS      | $3535592.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co               | BRISTOL-MYERS SQUIBB CO               | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     64500 | NS      | $2985705.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc            | CF INDUSTRIES HOLDINGS INC            | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |    118953 | NS      | $10943676.00  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                       | CIGNA GROUP/THE                       | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     25919 | NS      | $8568303.02   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                              | CSX CORP                              | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    240413 | NS      | $7844676.19   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                       | CVS HEALTH CORP                       | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    148544 | NS      | $10246565.12  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                   | CARDINAL HEALTH INC                   | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      4600 | NS      | $772800.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                    | EXPAND ENERGY CORP                    | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     38070 | NS      | $4451905.80   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                          | CHEVRON CORP                          | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13698 | NS      | $1961416.62   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                         | CITIGROUP INC                         | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    160185 | NS      | $13634947.20  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                  | COLGATE-PALMOLIVE CO                  | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     98331 | NS      | $8938287.90   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                          | COMCAST CORP                          | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    128750 | NS      | $4595087.50   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                    | CONAGRA BRANDS INC                    | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |    116900 | NS      | $2392943.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                        | CONOCOPHILLIPS                        | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    115198 | NS      | $10337868.52  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc              | COREBRIDGE FINANCIAL INC              | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |    100199 | NS      | $3557064.50   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                           | CUMMINS INC                           | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     14700 | NS      | $4814250.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                    | WALT DISNEY CO/THE                    | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     70319 | NS      | $8720259.19   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                   | DOLLAR GENERAL CORP                   | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     19372 | NS      | $2215769.36   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                   | DOMINION ENERGY INC                   | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    103451 | NS      | $5847050.52   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                     | EOG RESOURCES INC                     | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     26238 | NS      | $3138327.18   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                              | EQT CORP                              | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     77810 | NS      | $4537879.20   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                | EQUITABLE HOLDINGS INC                | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |    216631 | NS      | $12152999.10  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                    | EQUITY RESIDENTIAL                    | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |    173589 | NS      | $11715521.61  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                      | EXXON MOBIL CORP                      | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     95634 | NS      | $10309345.20  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                    | META PLATFORMS INC                    | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      6084 | NS      | $4490539.56   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc              | FERGUSON ENTERPRISES INC              | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |      6474 | NS      | $1409713.50   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                   | FIFTH THIRD BANCORP                   | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |    188730 | NS      | $7762464.90   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                            | FISERV INC                            | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     39528 | NS      | $6815022.48   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp                          | FORTIVE CORP                          | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |     97691 | NS      | $5092631.83   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                   | GENERAL ELECTRIC CO                   | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     39443 | NS      | $10152233.77  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                   | GLOBAL PAYMENTS INC                   | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     12284 | NS      | $983211.36    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/The      | HARTFORD INSURANCE GROUP INC/THE      | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     69372 | NS      | $8801225.64   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                             | HESS CORP                             | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |     19169 | NS      | $2655673.26   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                    | HOME DEPOT INC/THE                    | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     16433 | NS      | $6024995.12   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                            | HUMANA INC                            | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      4100 | NS      | $1002368.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH          | HUNTINGTON BANCSHARES INC/OH          | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    470465 | NS      | $7884993.40   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                            | INTEL CORP                            | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    134172 | NS      | $3005452.80   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                | INTERNATIONAL PAPER CO                | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    219832 | NS      | $10294732.56  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                   | JPMORGAN CHASE & CO                   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     51275 | NS      | $14865135.25  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                     | JOHNSON & JOHNSON                     | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     23287 | NS      | $3557089.25   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                            | KENVUE INC                            | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    527366 | NS      | $11037770.38  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                  | KEURIG DR PEPPER INC                  | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     24300 | NS      | $803358.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                   | KIMBERLY-CLARK CORP                   | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |    104220 | NS      | $13436042.40  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc             | L3HARRIS TECHNOLOGIES INC             | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     54888 | NS      | $13768105.92  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                  | LAS VEGAS SANDS CORP                  | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |    197424 | NS      | $8589918.24   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corp                            | LOEWS CORP                            | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     84438 | NS      | $7739587.08   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Volkswagen AG                         | VOLKSWAGEN AG                         | CUSIP: 000000000<br>LEI: 529900NNUPAGGOMPXZ31 | Long             | EP               | CORP              | DE        |     33852 | NS      | $3578611.95   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                             | SANOFI SA                             | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     35655 | NS      | $3451892.96   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                            | SIEMENS AG                            | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |     39807 | NS      | $10224754.31  | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Mattel Inc                            | MATTEL INC                            | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |    170920 | NS      | $3370542.40   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                        | MERCK & CO INC                        | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     59093 | NS      | $4677801.88   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                           | METLIFE INC                           | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    210309 | NS      | $16913049.78  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                        | MICROSOFT CORP                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     16976 | NS      | $8444032.16   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                        | MORGAN STANLEY                        | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     12264 | NS      | $1727507.04   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp                             | NEWS CORP                             | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |    287442 | NS      | $8542776.24   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                    | NEXTERA ENERGY INC                    | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     71329 | NS      | $4951659.18   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                    | NEXTERA ENERGY INC                    | CUSIP: 65339F713<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EP               | CORP              | US        |     29299 | NS      | $1164342.26   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                 | NORFOLK SOUTHERN CORP                 | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |     19200 | NS      | $4914624.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd            | SAMSUNG ELECTRONICS CO LTD            | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    140849 | NS      | $6228571.16   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| PG&E Corp                             | PG&E CORP                             | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     33100 | NS      | $461414.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc       | PHILIP MORRIS INTERNATIONAL INC       | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     67280 | NS      | $12253706.40  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                           | PHILLIPS 66                           | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     29091 | NS      | $3470556.30   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The               | PROCTER & GAMBLE CO/THE               | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     51655 | NS      | $8229674.60   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                          | QUALCOMM INC                          | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     96923 | NS      | $15435956.98  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralliant Corp                         | RALLIANT CORP                         | CUSIP: 750940108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32564 | NS      | $1579012.04   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                          | RAYONIER INC                          | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |    182469 | NS      | $4047162.42   | 0.51%             |  |  |  | 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        |  10481934 | NS      | $10481933.90  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc         | REXFORD INDUSTRIAL REALTY INC         | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    116422 | NS      | $4141130.54   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc               | ROCKWELL AUTOMATION INC               | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     15766 | NS      | $5236992.22   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                        | SALESFORCE INC                        | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     31148 | NS      | $8493748.12   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                             | SANOFI SA                             | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     37737 | NS      | $1823074.47   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                       | SCHLUMBERGER NV                       | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    154582 | NS      | $5224871.60   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The               | CHARLES SCHWAB CORP/THE               | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    164332 | NS      | $14993651.68  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                | SEMPRA                                | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     86346 | NS      | $6542436.42   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                       | SOUTHERN CO/THE                       | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    174312 | NS      | $16007070.96  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                 | SOUTHWEST AIRLINES CO                 | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |    249749 | NS      | $8101857.56   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc            | STANLEY BLACK & DECKER INC            | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |    132409 | NS      | $8970709.75   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                     | STATE STREET CORP                     | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     37009 | NS      | $3935537.06   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                   | SUN COMMUNITIES INC                   | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |     11052 | NS      | $1397967.48   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                        | TC ENERGY CORP                        | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     68388 | NS      | $3336650.52   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                 | TEXAS INSTRUMENTS INC                 | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     39163 | NS      | $8131022.06   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc          | THERMO FISHER SCIENTIFIC INC          | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      8360 | NS      | $3389645.60   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                                 | 3M CO                                 | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     15400 | NS      | $2344496.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                      | TOTALENERGIES SE                      | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     31412 | NS      | $1928382.68   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                       | TYSON FOODS INC                       | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |    105826 | NS      | $5919906.44   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                            | US BANCORP                            | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    156736 | NS      | $7092304.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc             | UNITED PARCEL SERVICE INC             | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     60946 | NS      | $6151889.24   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                | UNITEDHEALTH GROUP INC                | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     19600 | NS      | $6114612.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc            | VERIZON COMMUNICATIONS INC            | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     47002 | NS      | $2033776.54   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                           | VIATRIS INC                           | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |    592173 | NS      | $5288104.89   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                           | WALMART INC                           | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     49578 | NS      | $4847736.84   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                      | WELLS FARGO & CO                      | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    183941 | NS      | $14737352.92  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co Ltd             | WEST FRASER TIMBER CO LTD             | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |     39449 | NS      | $2891611.70   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                       | WEYERHAEUSER CO                       | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    310556 | NS      | $7978183.64   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                  | WILLIAMS COS INC/THE                  | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     76500 | NS      | $4804965.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                       | XCEL ENERGY INC                       | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     25362 | NS      | $1727152.20   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc            | ZIMMER BIOMET HOLDINGS INC            | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |    115900 | NS      | $10571239.00  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                      | TOTALENERGIES SE                      | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    167806 | NS      | $10256749.10  | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Chubb Ltd                             | CHUBB LTD                             | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     41876 | NS      | $12132314.72  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                         | ACCENTURE PLC                         | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     22019 | NS      | $6581258.91   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| South Bow Corp                        | SOUTH BOW CORP                        | CUSIP: 000000000<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |    129300 | NS      | $3356530.20   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| TE Connectivity PLC                   | TE CONNECTIVITY PLC                   | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     10619 | NS      | $1791106.73   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                         | MEDTRONIC PLC                         | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     72905 | NS      | $6355128.85   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** T. ROWE PRICE EQUITY SERIES, INC.

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President