# EDGAR Filing Document

**Accession Number:** 0001012968
**File Stem:** 0001099263-25-003646
**Filing Date:** 2025-11
**Character Count:** 32623
**Document Hash:** 6cb377e3a8c5b231888ca2ba0a84929a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-25-003646.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001099263-25-003646

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**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:** 251521949

**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:** 2025-09-30

**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:** $3139910321.01

**Total Liabilities:** $30836116.71

**Net Assets:** $3109074204.30

**Cash Not Reported:** $3.92

**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 | -0.38%               | 3.82%                | 0.44%                |
| Class ID C000219139 | -0.38%               | 3.83%                | 0.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $10988407.71             | $-22225226.24                              |
| Month 2  | $6103509.94              | $103830016.73                              |
| Month 3  | $1949620.28              | $5004557.92                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ACCENTURE PLC CL A                    | ACCENTURE PLC                                      | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     69627 | NS      | $17170018.20  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED MICRO DEVICES                | ADVANCED MICRO DEVICES INC                         | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    193200 | NS      | $31257828.00  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO CORP                             | AGCO CORP                                          | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |    232200 | NS      | $24861654.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSTATE CORP                         | ALLSTATE CORP/THE                                  | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |    215100 | NS      | $46171215.00  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC CL C                     | ALPHABET INC                                       | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    450800 | NS      | $109792340.00 | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                        | AMAZON.COM INC                                     | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    314600 | NS      | $69076722.00  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AMEREN CORPORATION                    | AMEREN CORP                                        | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |    651081 | NS      | $67959834.78  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS INC                 | APPLIED MATERIALS INC                              | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |    122400 | NS      | $25060176.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC-SPONS ADR             | ASTRAZENECA PLC                                    | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    281600 | NS      | $21604352.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| AVALONBAY COMMUNITIES INC             | AVALONBAY COMMUNITIES INC                          | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |    253133 | NS      | $48897701.61  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                  | BANK OF AMERICA CORP                               | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   1754021 | NS      | $90489943.39  | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| BAXTER INTERNATIONAL INC              | BAXTER INTERNATIONAL INC                           | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |    745700 | NS      | $16979589.00  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BECTON DICKINSON AND CO               | BECTON DICKINSON & CO                              | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |    172887 | NS      | $32359259.79  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                         | BOEING CO/THE                                      | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |    162898 | NS      | $35158275.34  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CF INDUSTRIES HOLDINGS INC            | CF INDUSTRIES HOLDINGS INC                         | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |    288291 | NS      | $25859702.70  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHWAB (CHARLES) CORP                 | CHARLES SCHWAB CORP/THE                            | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    897000 | NS      | $85636590.00  | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUBB LTD                             | CHUBB LTD                                          | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |    228074 | NS      | $64373886.50  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA GROUP/THE                       | CIGNA GROUP/THE                                    | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     85724 | NS      | $24709943.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                         | CITIGROUP INC                                      | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    604100 | NS      | $61316150.00  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA CO/THE                      | COCA-COLA CO/THE                                   | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    349790 | NS      | $23198072.80  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| COLGATE-PALMOLIVE CO                  | COLGATE-PALMOLIVE CO                               | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |    486941 | NS      | $38926063.54  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP-CLASS A                  | COMCAST CORP                                       | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    520431 | NS      | $16351942.02  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                        | CONOCOPHILLIPS                                     | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    810365 | NS      | $76652425.35  | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL INC              | COREBRIDGE FINANCIAL INC                           | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |    591878 | NS      | $18969689.90  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX CORP                              | CSX CORP                                           | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |   1199600 | NS      | $42597796.00  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC                           | CUMMINS INC                                        | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     75676 | NS      | $31963272.12  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                       | CVS HEALTH CORP                                    | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    681693 | NS      | $51392835.27  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMINION ENERGY INC                   | DOMINION ENERGY INC                                | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    258168 | NS      | $15792136.56  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH INC                   | ELEVANCE HEALTH INC                                | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    210036 | NS      | $67866832.32  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES INC                     | EOG RESOURCES INC                                  | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    179200 | NS      | $20091904.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT CORP                              | EQT CORP                                           | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    242334 | NS      | $13190239.62  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITABLE HOLDINGS INC                | EQUITABLE HOLDINGS INC                             | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |    714819 | NS      | $36298508.82  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORP                    | EXPAND ENERGY CORP                                 | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    131600 | NS      | $13981184.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                      | EXXON MOBIL CORP                                   | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    415367 | NS      | $46832629.25  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTIVE CORP                          | FORTIVE CORP                                       | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |    651500 | NS      | $31916985.00  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL AEROSPACE                     | GENERAL ELECTRIC CO                                | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    123223 | NS      | $37067942.86  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HARTFORD INSURANCE GROUP INC/T        | HARTFORD INSURANCE GROUP INC/THE                   | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |    454459 | NS      | $60620286.01  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                        | HOME DEPOT INC/THE                                 | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    145900 | NS      | $59117221.00  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES INC             | HUNTINGTON BANCSHARES INC/OH                       | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |   1693396 | NS      | $29244948.92  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEL CORP                            | INTEL CORP                                         | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    458000 | NS      | $15365900.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL PAPER CO                | INTERNATIONAL PAPER CO                             | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    868005 | NS      | $40275432.00  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                     | JOHNSON & JOHNSON                                  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    106813 | NS      | $19805266.46  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| KENVUE INC                            | KENVUE INC                                         | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |   2793792 | NS      | $45343244.16  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK CORP                   | KIMBERLY-CLARK CORP                                | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |    368538 | NS      | $45824014.92  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| L3HARRIS TECHNOLOGIES INC             | L3HARRIS TECHNOLOGIES INC                          | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |    234306 | NS      | $71559395.46  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| LAS VEGAS SANDS CORP                  | LAS VEGAS SANDS CORP                               | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |    713018 | NS      | $38353238.22  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO. INC.                      | MERCK & CO INC                                     | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    357400 | NS      | $29996582.00  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC-CLASS A            | META PLATFORMS INC                                 | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     32700 | NS      | $24014226.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                           | METLIFE INC                                        | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    731400 | NS      | $60245418.00  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                        | MICROSOFT CORP                                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     60526 | NS      | $31349441.70  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWS CORP NEW CLASS A                 | NEWS CORP                                          | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |    775407 | NS      | $23812748.97  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| NORFOLK SOUTHERN CORP                 | NORFOLK SOUTHERN CORP                              | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |    125383 | NS      | $37666307.03  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL           | PHILIP MORRIS INTERNATIONAL INC                    | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    241905 | NS      | $39236991.00  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE CO/THE               | PROCTER & GAMBLE CO/THE                            | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    363100 | NS      | $55790315.00  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                          | QUALCOMM INC                                       | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    263841 | NS      | $43892588.76  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| RALLIANT CORP                         | RALLIANT CORP                                      | CUSIP: 750940108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    160333 | NS      | $7011362.09   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| REXFORD INDUSTRIAL REALTY IN          | REXFORD INDUSTRIAL REALTY INC                      | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    774993 | NS      | $31859962.23  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKWELL AUTOMATION INC               | ROCKWELL AUTOMATION INC                            | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     93800 | NS      | $32785914.00  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM INTERNATIONAL INC                 | RPM INTERNATIONAL INC                              | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |    167910 | NS      | $19793230.80  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE INC                        | SALESFORCE INC                                     | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    153300 | NS      | $36332100.00  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG ELECTRONICS CO LTD            | SAMSUNG ELECTRONICS CO LTD                         | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    618777 | NS      | $37095883.96  | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| SANOFI ADR                            | SANOFI SA                                          | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |    450300 | NS      | $21254160.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                                | SEMPRA                                             | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    463965 | NS      | $41747570.70  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEMENS AG-REG                        | SIEMENS AG                                         | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |    122882 | NS      | $33175440.40  | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SCHLUMBERGER LTD                      | SLB LTD                                            | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    799900 | NS      | $27492563.00  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN CO/THE                       | SOUTHERN CO/THE                                    | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    571705 | NS      | $54180482.85  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| STANLEY BLACK & DECKER INC            | STANLEY BLACK & DECKER INC                         | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |    446074 | NS      | $33156680.42  | 1.07%             |  |  |  | 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        |  57792021 | NS      | $57792020.59  | 1.86%             |  |  |  | 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        |  29307962 | NS      | $29307961.50  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| TE CONNECTIVITY PLC                   | TE CONNECTIVITY PLC                                | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     49500 | NS      | $10866735.00  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INC                 | TEXAS INSTRUMENTS INC                              | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    180753 | NS      | $33209748.69  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INC          | THERMO FISHER SCIENTIFIC INC                       | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     30800 | NS      | $14938616.00  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTALENERGIES SE -SPON ADR            | TOTALENERGIES SE                                   | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    524829 | NS      | $31327043.01  | 1.01%             |  |  |  | No            |                  1 | On Loan: —       |
| UNITED PARCEL SERVICE-CL B            | UNITED PARCEL SERVICE INC                          | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |    129558 | NS      | $10821979.74  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                | UNITEDHEALTH GROUP INC                             | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     38802 | NS      | $13398330.60  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                            | US BANCORP                                         | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    826283 | NS      | $39934257.39  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| VIATRIS INC                           | VIATRIS INC                                        | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |   2606800 | NS      | $25807320.00  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                           | WALMART INC                                        | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    281902 | NS      | $29052820.12  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| WALT DISNEY CO/THE                    | WALT DISNEY CO/THE                                 | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    218159 | NS      | $24979205.50  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & CO                      | WELLS FARGO & CO                                   | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    875601 | NS      | $73392875.82  | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| WEYERHAEUSER CO                       | WEYERHAEUSER CO                                    | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |   1157355 | NS      | $28690830.45  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS COS INC                      | WILLIAMS COS INC/THE                               | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    357297 | NS      | $22634764.95  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS INC            | ZIMMER BIOMET HOLDINGS INC                         | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |    591352 | NS      | $58248172.00  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-05

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President