0001752724-21-257754.txt : 20211124
0001752724-21-257754.hdr.sgml : 20211124
20211124150550
ACCESSION NUMBER: 0001752724-21-257754
CONFORMED SUBMISSION TYPE: NPORT-P
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20210930
FILED AS OF DATE: 20211124
PERIOD START: 20211231
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: T. Rowe Price All-Cap Opportunities Fund, Inc.
CENTRAL INDEX KEY: 0000773485
IRS NUMBER: 521416752
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: NPORT-P
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-04358
FILM NUMBER: 211445587
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 New America Growth Fund, Inc.
DATE OF NAME CHANGE: 20171031
FORMER COMPANY:
FORMER CONFORMED NAME: T. Rowe Price New America Growth Fund
DATE OF NAME CHANGE: 20051028
FORMER COMPANY:
FORMER CONFORMED NAME: PRICE T ROWE NEW AMERICA GROWTH FUND
DATE OF NAME CHANGE: 19920703
0000773485
S000002104
T. Rowe Price All-Cap Opportunities Fund
C000005476
T. Rowe Price All-Cap Opportunities Fund
PRWAX
C000012105
T. Rowe Price All-Cap Opportunities Fund-Advisor Class
PAWAX
C000166319
T. Rowe Price All-Cap Opportunities Fund-I Class
PNAIX
NPORT-P
1
primary_doc.xml
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0000773485
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T. Rowe Price All-Cap Opportunities Fund, Inc.
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549300O0OLM5HLJ0GS03
100 East Pratt Street
Baltimore
21202
410-345-2000
T. Rowe Price All-Cap Opportunities Fund
S000002104
312RUFFZEKI6KEU9AN34
2021-12-31
2021-09-30
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347018.42000000
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SEMPRA ENERGY
PBBKGKLRK5S5C0Y4T545
SEMPRA ENERGY
816851109
550099.00000000
NS
USD
69587523.50000000
0.792425261459
Long
EC
CORP
US
N
1
N
N
N
DENTSPLY SIRONA Inc
9NHEHR1SOZCYXDO8HO28
DENTSPLY SIRONA Inc
24906P109
1346000.00000000
NS
USD
78135300.00000000
0.889762739317
Long
EC
CORP
US
N
1
N
N
N
Ultragenyx Pharmaceutical Inc
529900EV44GVDN1DCX77
Ultragenyx Pharmaceutical Inc
90400D108
364069.00000000
NS
USD
32835383.11000000
0.373911668893
Long
EC
CORP
US
N
1
N
N
N
Sea Ltd
529900OM6JLLW44YKI15
Sea Ltd
81141R100
426077.00000000
NS
USD
135803522.21000000
1.546457413365
Long
EC
CORP
SG
N
1
N
N
N
INTUITIVE SURGICAL INC
54930052SRG011710797
INTUITIVE SURGICAL INC
46120E602
94558.00000000
NS
USD
94004835.70000000
1.070476469937
Long
EC
CORP
US
N
1
N
N
N
East West Bancorp Inc
N/A
East West Bancorp Inc
27579R104
934295.00000000
NS
USD
72445234.30000000
0.824967333858
Long
EC
CORP
US
N
1
N
N
N
T. ROWE PRICE SHORT-TERM FUND
549300YTML4H25P65J89
T. ROWE PRICE SHORT-TERM FUND
000000000
2125192.72500000
NS
USD
21251927.25000000
0.242005508467
Long
STIV
RF
US
N
1
N
N
Molina Healthcare Inc
549300NQQCEQ46YHZ591
Molina Healthcare Inc
60855R100
382100.00000000
NS
USD
103667551.00000000
1.180510270724
Long
EC
CORP
US
N
1
N
N
N
Airbus SE
MINO79WLOO247M1IL051
Airbus SE
000000000
963802.00000000
NS
127776942.42000000
1.455055043101
Long
EC
CORP
FR
N
2
N
N
N
Cedar Fair LP
549300TUVLNQQ6BVKH61
Cedar Fair LP
150185106
2262300.00000000
NS
USD
104925474.00000000
1.194834820758
Long
EC
CORP
US
N
1
N
N
N
CoStar Group Inc
N/A
CoStar Group Inc
22160N109
481310.00000000
NS
USD
41421538.60000000
0.471686186032
Long
EC
CORP
US
N
1
N
N
N
TEXAS INSTRUMENTS INC
WDJNR2L6D8RWOEB8T652
TEXAS INSTRUMENTS INC
882508104
598212.00000000
NS
USD
114982328.52000000
1.309356866833
Long
EC
CORP
US
N
1
N
N
N
TransUnion
549300ZS772LUNUMRB03
TransUnion
89400J107
569700.00000000
NS
USD
63983007.00000000
0.728604044242
Long
EC
CORP
US
N
1
N
N
N
UiPath Inc
5493000YP61KBELDHT53
UiPath Inc
90364P105
828011.00000000
NS
USD
43561658.71000000
0.496056721904
Long
EC
CORP
US
N
1
N
N
N
XP Inc
5493008KDA8NBZRJST80
XP Inc
000000000
934578.00000000
NS
USD
37541998.26000000
0.427508068840
Long
EC
CORP
BR
N
1
N
N
N
Square Inc
549300OHIIUWSTIZME52
Square Inc
852234103
137600.00000000
NS
USD
33001984.00000000
0.375808830154
Long
EC
CORP
US
N
1
N
N
N
Middleby Corp/The
JDFO86U9VQRBKW5KYA35
Middleby Corp/The
596278101
643500.00000000
NS
USD
109723185.00000000
1.249468571212
Long
EC
CORP
US
N
1
N
N
N
TSMC
549300KB6NK5SBD14S87
Taiwan Semiconductor Manufacturing Co Ltd
874039100
599451.00000000
NS
USD
66928704.15000000
0.762148057836
Long
EC
CORP
TW
N
1
N
N
N
Synopsys Inc
QG7T915N9S0NY5UKNE63
Synopsys Inc
871607107
189626.00000000
NS
USD
56775920.66000000
0.646533624286
Long
EC
CORP
US
N
1
N
N
N
Global Payments Inc
549300NOMHGVQBX6S778
Global Payments Inc
37940X102
459170.00000000
NS
USD
72356008.60000000
0.823951279613
Long
EC
CORP
US
N
1
N
N
N
Advanced Micro Devices Inc
R2I72C950HOYXII45366
Advanced Micro Devices Inc
007903107
339400.00000000
NS
USD
34924260.00000000
0.397698674558
Long
EC
CORP
US
N
1
N
N
N
CARIS LIFE SER D CVT PFD STOCK PP
N/A
CARIS LIFE SER D CVT PFD STOCK PP
000000000
702380.00000000
NS
USD
5689278.00000000
0.064786435554
Long
EP
CORP
US
Y
3
N
N
N
Planet Fitness Inc
549300LLE5HUPF6H8G33
Planet Fitness Inc
72703H101
1163174.00000000
NS
USD
91367317.70000000
1.040441834623
Long
EC
CORP
US
N
1
N
N
N
AstraZeneca PLC
PY6ZZQWO2IZFZC3IOL08
AstraZeneca PLC
046353108
1175422.00000000
NS
USD
70595845.32000000
0.803907487606
Long
EC
CORP
GB
N
1
N
N
N
OLAPLEX HOLDINGS INC
N/A
OLAPLEX HOLDINGS INC
679369108
458647.00000000
NS
USD
11236851.50000000
0.127959216537
Long
EC
CORP
US
N
1
N
N
N
Liberty Media Corp-Liberty For
N/A
Liberty Media Corp-Liberty Formula One
531229854
2054600.00000000
NS
USD
105626986.00000000
1.202823261819
Long
EC
CORP
US
N
1
N
N
N
Ceridian HCM Holding Inc
549300T64GVCHFJ8L449
Ceridian HCM Holding Inc
15677J108
555205.00000000
NS
USD
62527187.10000000
0.712025950830
Long
EC
CORP
US
N
1
N
N
N
Thermo Fisher Scientific Inc
HCHV7422L5HDJZCRFL38
Thermo Fisher Scientific Inc
883556102
126800.00000000
NS
USD
72444644.00000000
0.824960611840
Long
EC
CORP
US
N
1
N
N
N
Wells Fargo & Co
PBLD0EJDB5FWOLXP3B76
Wells Fargo & Co
949746101
2270300.00000000
NS
USD
105364623.00000000
1.199835613194
Long
EC
CORP
US
N
1
N
N
N
Lululemon Athletica Inc
549300D9GZ4BMLDW5T40
Lululemon Athletica Inc
550021109
211700.00000000
NS
USD
85674990.00000000
0.975620670726
Long
EC
CORP
CA
N
1
N
N
N
ALPHABET INC
5493006MHB84DD0ZWV18
ALPHABET INC-CL C
02079K107
145160.00000000
NS
USD
386896399.60000000
4.405767947908
Long
EC
CORP
US
N
1
N
N
N
Walt Disney Co/The
549300GZKULIZ0WOW665
Walt Disney Co/The
254687106
424900.00000000
NS
USD
71880333.00000000
0.818534541918
Long
EC
CORP
US
N
1
N
N
N
Burlington Stores Inc
5299003Z37DVGKKC1W09
Burlington Stores Inc
122017106
181104.00000000
NS
USD
51355661.28000000
0.584810627974
Long
EC
CORP
US
N
1
N
N
N
Teleflex Inc
UUL85LWXB4NGSWWXIQ25
Teleflex Inc
879369106
139938.00000000
NS
USD
52693653.90000000
0.600046967743
Long
EC
CORP
US
N
1
N
N
N
ROPER TECHNOLOGIES INC
54930003T4SXCIWVXY35
ROPER TECHNOLOGIES INC
776696106
184900.00000000
NS
USD
82489437.00000000
0.939345307817
Long
EC
CORP
US
N
1
N
N
N
AbbVie Inc
FR5LCKFTG8054YNNRU85
AbbVie Inc
00287Y109
1120519.00000000
NS
USD
120870384.53000000
1.376406879371
Long
EC
CORP
US
N
1
N
N
N
Carvana Co
5493003WEAK2PJ5WS063
Carvana Co
146869102
128876.00000000
NS
USD
38861269.04000000
0.442531214372
Long
EC
CORP
US
N
1
N
N
N
MICROSOFT CORP
INR2EJN1ERAN0W5ZP974
MICROSOFT CORP
594918104
1813424.00000000
NS
USD
511240494.08000000
5.821731566432
Long
EC
CORP
US
N
1
N
N
N
CME Group Inc
LCZ7XYGSLJUHFXXNXD88
CME Group Inc
12572Q105
353600.00000000
NS
USD
68379168.00000000
0.778665159434
Long
EC
CORP
US
N
1
N
N
N
Analog Devices Inc
GYVOE5EZ4GDAVTU4CQ61
Analog Devices Inc
032654105
338790.00000000
NS
USD
56740549.20000000
0.646130833139
Long
EC
CORP
US
N
1
N
N
N
VISA INC
549300JZ4OKEHW3DPJ59
VISA INC-CLASS A SHARES
92826C839
1056092.00000000
NS
USD
235244493.00000000
2.678837663655
Long
EC
CORP
US
N
1
N
N
N
salesforce.com Inc
RCGZFPDMRW58VJ54VR07
salesforce.com Inc
79466L302
558200.00000000
NS
USD
151395004.00000000
1.724004815723
Long
EC
CORP
US
N
1
N
N
N
ROSS STORES INC
549300ENZFLPGRDFZQ60
ROSS STORES INC
778296103
1344342.00000000
NS
USD
146331626.70000000
1.666345800443
Long
EC
CORP
US
N
1
N
N
N
Starbucks Corp
OQSJ1DU9TAOC51A47K68
Starbucks Corp
855244109
628600.00000000
NS
USD
69340866.00000000
0.789616458614
Long
EC
CORP
US
N
1
N
N
N
FACEBOOK INC
BQ4BKCS1HXDV9HN80Z93
FACEBOOK INC-A
30303M102
772441.00000000
NS
USD
262158750.99000000
2.985322746785
Long
EC
CORP
US
N
1
N
N
N
Argenx SE
7245009C5FZE6G9ODQ71
Argenx SE
04016X101
170187.00000000
NS
USD
51396474.00000000
0.585275381261
Long
EC
CORP
NL
N
1
N
N
N
Clarivate PLC
549300WDHIIODXFO0R55
Clarivate PLC
000000000
2571512.00000000
NS
USD
56316112.80000000
0.641297579872
Long
EC
CORP
GB
N
1
N
N
N
Vail Resorts Inc
529900PSZHRNU9HKH870
Vail Resorts Inc
91879Q109
313200.00000000
NS
USD
104624460.00000000
1.191407035350
Long
EC
CORP
US
N
1
N
N
N
Zoetis Inc
549300HD9Q1LOC9KLJ48
Zoetis Inc
98978V103
274100.00000000
NS
USD
53213774.00000000
0.605969815482
Long
EC
CORP
US
N
1
N
N
N
Humana Inc
529900YLDW34GJAO4J06
Humana Inc
444859102
201901.00000000
NS
USD
78569774.15000000
0.894710297077
Long
EC
CORP
US
N
1
N
N
N
NEXTERA ENERGY INC
N/A
NEXTERA ENERGY INC
65339F101
1851064.00000000
NS
USD
145345545.28000000
1.655116836000
Long
EC
CORP
US
N
1
N
N
N
ServiceNow Inc
549300HJTQM36M0E1G39
ServiceNow Inc
81762P102
125383.00000000
NS
USD
78022079.41000000
0.888473444180
Long
EC
CORP
US
N
1
N
N
N
WAYMO LLC SER A-2 CVT PFD UNITS PP
N/A
WAYMO LLC SER A-2 CVT PFD UNITS PP
000000000
166137.00000000
NS
USD
15238417.91000000
0.173526900932
Long
EP
CORP
US
Y
3
N
N
N
RIVIAN AUTOMOTIVE SER D CVT PFD STK PP
N/A
RIVIAN AUTOMOTIVE SER D CVT PFD STK PP
000000000
1270636.00000000
NS
USD
90253275.08000000
1.027755716911
Long
EP
CORP
US
Y
3
N
N
N
agilon health Inc
N/A
agilon health Inc
00857U107
477741.00000000
NS
USD
12521591.61000000
0.142589145386
Long
EC
CORP
US
N
1
N
N
N
HCA HEALTHCARE INC
529900PH4ZGUH2MNEU89
HCA HEALTHCARE INC
40412C101
288022.00000000
NS
USD
69908699.84000000
0.796082644742
Long
EC
CORP
US
N
1
N
N
N
Barry Callebaut AG
213800Y5RWKLDPUTT265
Barry Callebaut AG
000000000
17793.00000000
NS
40355634.63000000
0.459548245355
Long
EC
CORP
CH
N
2
N
N
N
Netflix Inc
549300Y7VHGU0I7CE873
Netflix Inc
64110L106
306954.00000000
NS
USD
187346304.36000000
2.133398873087
Long
EC
CORP
US
N
1
N
N
N
RAD POWER BIKES SER D CVT PFD STOCK PP
N/A
RAD POWER BIKES SER D CVT PFD STOCK PP
000000000
1851771.00000000
NS
USD
17747002.91000000
0.202093316642
Long
EP
CORP
US
Y
3
N
N
N
CTS Eventim AG & Co KGaA
529900FDHSN08UBJII80
CTS Eventim AG & Co KGaA
000000000
762405.00000000
NS
57363269.20000000
0.653222033314
Long
EC
CORP
DE
N
2
N
N
N
CANVA COMMON STOCK PP
N/A
CANVA COMMON STOCK PP
000000000
1455.00000000
NS
USD
2479555.56000000
0.028235844072
Long
EC
CORP
US
Y
3
N
N
N
RIVIAN AUTO SER F CVT PFD STOCK PP
N/A
RIVIAN AUTO SER F CVT PFD STOCK PP
000000000
494929.00000000
NS
USD
35154806.87000000
0.400324018220
Long
EP
CORP
US
Y
3
N
N
N
Thoughtworks Holding Inc
N/A
Thoughtworks Holding Inc
88546E105
254390.00000000
NS
USD
7303536.90000000
0.083168747017
Long
EC
CORP
US
N
1
N
N
N
APPLE INC
HWUPKR0MPOU8FGXBT394
APPLE INC
037833100
1113732.00000000
NS
USD
157593078.00000000
1.794585146262
Long
EC
CORP
US
N
1
N
N
N
Charles Schwab Corp/The
549300VSGCJ7E698NM85
Charles Schwab Corp/The
808513105
2492462.00000000
NS
USD
181550932.08000000
2.067404292978
Long
EC
CORP
US
N
1
N
N
N
Western Alliance Bancorp
5493003VJXZ5JXT9S762
Western Alliance Bancorp
957638109
271505.00000000
NS
USD
29545174.10000000
0.336444539674
Long
EC
CORP
US
N
1
N
N
N
Sherwin-Williams Co/The
Z15BMIOX8DDH0X2OBP21
Sherwin-Williams Co/The
824348106
145400.00000000
NS
USD
40672742.00000000
0.463159293398
Long
EC
CORP
US
N
1
N
N
N
Euronet Worldwide Inc
YG3575C4DSHJPA5KET68
Euronet Worldwide Inc
298736109
1598169.00000000
NS
USD
203414950.32000000
2.316379964175
Long
EC
CORP
US
N
1
N
N
N
United Airlines Holdings Inc
98450079DA0B78DD6764
United Airlines Holdings Inc
910047109
1109700.00000000
NS
USD
52788429.00000000
0.601126215568
Long
EC
CORP
US
N
1
N
N
N
T. ROWE PRICE GOVERNMENT RESERVE FUND
5493002Y0IYARJVQ5N24
T. ROWE PRICE GOVERNMENT RESERVE FUND
76105Y109
159601249.96000000
NS
USD
159601249.96000000
1.817453127624
Long
STIV
RF
US
N
1
N
N
N
PAX LABS CLASS A COMMON PP
N/A
PAX LABS CLASS A COMMON PP
000000000
2428492.00000000
NS
USD
3084184.84000000
0.035121036865
Long
EC
CORP
US
Y
3
N
N
N
Marriott International Inc/MD
225YDZ14ZO8E1TXUSU86
Marriott International Inc/MD
571903202
507500.00000000
NS
USD
75155675.00000000
0.855832373629
Long
EC
CORP
US
N
1
N
N
N
FIDELITY NATIONAL INFORMATION SERVICES INC
6WQI0GK1PRFVBA061U48
FIDELITY NATIONAL INFO SERV
31620M106
735572.00000000
NS
USD
89504400.96000000
1.019227941521
Long
EC
CORP
US
N
1
N
N
N
Live Nation Entertainment Inc
5493007B9BM9ZXJINO78
Live Nation Entertainment Inc
538034109
1995781.00000000
NS
USD
181875522.53000000
2.071100554309
Long
EC
CORP
US
N
1
N
N
N
REDWOOD MATERIALS SER C CVT STOCK PP
N/A
REDWOOD MATERIALS SER C CVT STOCK PP
000000000
182704.00000000
NS
USD
8660803.58000000
0.098624569407
Long
EP
CORP
US
Y
3
N
N
N
London Stock Exchange Group PL
213800QAUUUP6I445N30
London Stock Exchange Group PLC
000000000
1015416.00000000
NS
101753042.71000000
1.158708880820
Long
EC
CORP
GB
N
2
N
N
N
VeriSign Inc
LMPL4N8ZOJRMF0KOF759
VeriSign Inc
92343E102
611800.00000000
NS
USD
125425118.00000000
1.428273732498
Long
EC
CORP
US
N
1
N
N
N
RIVIAN AUTO SER E CVT PFD STOCK PP
N/A
RIVIAN AUTO SER E CVT PFD STOCK PP
000000000
1136096.00000000
NS
USD
80696898.88000000
0.918932848557
Long
EP
CORP
US
Y
3
N
N
N
Workiva Inc
529900RTOQ8GRWHY1O58
Workiva Inc
98139A105
505952.00000000
NS
USD
71318993.92000000
0.812142314621
Long
EC
CORP
US
N
1
N
N
N
ABL SPACE SYSTEMS SER B CVT PFD STOCK PP
N/A
ABL SPACE SYSTEMS SER B CVT PFD STOCK PP
000000000
230036.00000000
NS
USD
10359809.28000000
0.117971931812
Long
EP
CORP
US
Y
3
N
N
N
Snap Inc
549300JNC0L6VP8A2Q35
Snap Inc
83304A106
768484.00000000
NS
USD
56767913.08000000
0.646442438275
Long
EC
CORP
US
N
1
N
N
N
Robinhood Markets Inc
N/A
Robinhood Markets Inc
770700102
632000.00000000
NS
USD
26594560.00000000
0.302844534500
Long
EC
CORP
US
N
1
N
N
Bright Horizons Family Solutio
N/A
Bright Horizons Family Solutions Inc
109194100
288995.00000000
NS
USD
40291682.90000000
0.458819997476
Long
EC
CORP
US
N
1
N
N
N
General Electric Co
3C7474T6CDKPR9K6YT90
General Electric Co
369604301
1557357.00000000
NS
USD
160454491.71000000
1.827169385408
Long
EC
CORP
US
N
1
N
N
N
INTUIT INC
VI90HBPH7XSFMB9E4M29
INTUIT INC
461202103
119703.00000000
NS
USD
64580965.53000000
0.735413274125
Long
EC
CORP
US
N
1
N
N
N
Shopify Inc
549300HGQ43STJLLP808
Shopify Inc
82509L107
21200.00000000
NS
USD
28742536.00000000
0.327304529019
Long
EC
CORP
CA
N
1
N
N
N
T-Mobile US Inc
549300QHIJYOHPACPG31
T-Mobile US Inc
872590104
1299234.00000000
NS
USD
165990135.84000000
1.890206321146
Long
EC
CORP
US
N
1
N
N
N
UNITEDHEALTH GROUP INC
549300GHBMY8T5GXDE41
UNITEDHEALTH GROUP INC
91324P102
603953.00000000
NS
USD
235988595.22000000
2.687311099216
Long
EC
CORP
US
N
1
N
N
N
Zoom Video Communications Inc
549300T9GCHU0ODOM055
Zoom Video Communications Inc
98980L101
469000.00000000
NS
USD
122643500.00000000
1.396598163947
Long
EC
CORP
US
N
1
N
N
N
AMAZON.COM INC
ZXTILKJKG63JELOEG630
AMAZON.COM INC
023135106
178553.00000000
NS
USD
586553747.12000000
6.679358353963
Long
EC
CORP
US
N
1
N
N
N
Kodiak Sciences Inc
254900IXI5NI8C9OQE24
Kodiak Sciences Inc
50015M109
100607.00000000
NS
USD
9656259.86000000
0.109960289710
Long
EC
CORP
US
N
1
N
N
N
Pinterest Inc
N/A
Pinterest Inc
72352L106
1088152.00000000
NS
USD
55441344.40000000
0.631336188186
Long
EC
CORP
US
N
1
N
N
N
Charter Communications Inc
0J0XRGZE3PBRFEZ7MV65
Charter Communications Inc
16119P108
113399.00000000
NS
USD
82504576.44000000
0.939517707610
Long
EC
CORP
US
N
1
N
N
N
Legalzoom.com Inc
5493000L8EBF74Y9JZ48
Legalzoom.com Inc
52466B103
374774.00000000
NS
USD
9894033.60000000
0.112667929077
Long
EC
CORP
US
N
1
N
N
N
COOPER COS INC/THE
QJKMVPIGLH7530PCUE20
COOPER COS INC/THE
216648402
110973.00000000
NS
USD
45866250.63000000
0.522300174220
Long
EC
CORP
US
N
1
N
N
N
BYTEDANCE LTD CVT PFD SR E PP
N/A
BYTEDANCE LTD CVT PFD SR E PP
000000000
159769.00000000
NS
USD
20060595.64000000
0.228439265338
Long
EP
CORP
US
Y
3
N
N
N
2021-11-23
T. Rowe Price All-Cap Opportunities Fund, Inc.
Alan S. Dupski
Alan S. Dupski
Treasurer & Vice President
XXXX
NPORT-EX
2
7018TRP093021.htm
T.
ROWE
PRICE
All-Cap
Opportunities
Fund
September
30,
2021
(Unaudited)
Portfolio
of
Investments
‡
Shares
$
Value
(Cost
and
value
in
$000s)
‡
COMMON
STOCKS
95.4%
COMMUNICATION
SERVICES
20.0%
Entertainment
8.5%
CTS
Eventim
(EUR) (1)
762,405
57,363
Liberty
Media-Liberty
Formula
One,
Class
C (1)
2,054,600
105,627
Live
Nation
Entertainment (1)
1,995,781
181,876
Netflix (1)
312,754
190,886
Sea,
ADR (1)
426,077
135,804
Walt
Disney (1)
424,900
71,880
743,436
Interactive
Media
&
Services
8.7%
Alphabet,
Class
C (1)
145,160
386,896
Facebook,
Class
A (1)
772,441
262,159
Pinterest,
Class
A (1)
1,088,152
55,441
Snap,
Class
A (1)
768,484
56,768
761,264
Media
0.9%
Charter
Communications,
Class
A (1)
113,399
82,505
82,505
Wireless
Telecommunication
Services
1.9%
T-Mobile
U.S. (1)
1,299,234
165,990
165,990
Total
Communication
Services
1,753,195
CONSUMER
DISCRETIONARY
16.0%
Diversified
Consumer
Services
0.5%
Bright
Horizons
Family
Solutions (1)
288,995
40,292
40,292
Hotels,
Restaurants
&
Leisure
5.1%
Cedar
Fair (1)
2,262,300
104,926
Marriott
International,
Class
A (1)
537,200
79,554
Planet
Fitness,
Class
A (1)
1,163,174
91,367
Starbucks
628,600
69,341
Vail
Resorts
313,200
104,624
449,812
Internet
&
Direct
Marketing
Retail
6.7%
Amazon.com (1)
178,553
586,554
586,554
Specialty
Retail
2.7%
Burlington
Stores (1)
181,104
51,356
Carvana (1)
128,876
38,861
T.
ROWE
PRICE
All-Cap
Opportunities
Fund
Shares
$
Value
(Cost
and
value
in
$000s)
‡
Ross
Stores
1,344,342
146,332
236,549
Textiles,
Apparel
&
Luxury
Goods
1.0%
Lululemon
Athletica (1)
211,700
85,675
85,675
Total
Consumer
Discretionary
1,398,882
CONSUMER
STAPLES
0.6%
Food
Products
0.5%
Barry
Callebaut
(CHF)
17,793
40,356
40,356
Personal
Products
0.1%
Olaplex
Holdings (1)
458,647
11,237
11,237
Total
Consumer
Staples
51,593
FINANCIALS
7.1%
Banks
2.4%
East
West
Bancorp
934,295
72,445
Wells
Fargo
2,270,300
105,365
Western
Alliance
Bancorp
271,505
29,545
207,355
Capital
Markets
4.7%
Charles
Schwab
2,492,462
181,551
CME
Group
353,600
68,379
London
Stock
Exchange
Group
(GBP)
1,015,416
101,753
Robinhood
Markets,
Class
A (1)(2)
632,000
26,595
XP,
Class
A (1)
934,578
37,542
415,820
Total
Financials
623,175
HEALTH
CARE
13.6%
Biotechnology
2.4%
AbbVie
1,120,519
120,870
Argenx,
ADR (1)
170,187
51,397
Kodiak
Sciences (1)
100,607
9,656
Ultragenyx
Pharmaceutical (1)
364,069
32,835
214,758
Health
Care
Equipment
&
Supplies
3.1%
Cooper
110,973
45,866
DENTSPLY
SIRONA
1,346,000
78,135
Intuitive
Surgical (1)
94,558
94,005
T.
ROWE
PRICE
All-Cap
Opportunities
Fund
Shares
$
Value
(Cost
and
value
in
$000s)
‡
Pax
Labs,
Class
A,
Acquisition
Date:
4/18/19,
Cost $9,145 (1)(3)
(4)
2,428,492
3,084
Teleflex
139,938
52,694
273,784
Health
Care
Providers
&
Services
5.7%
agilon
health (1)
477,741
12,521
HCA
Healthcare
288,022
69,909
Humana
201,901
78,570
Molina
Healthcare (1)
382,100
103,667
UnitedHealth
Group
603,953
235,989
500,656
Life
Sciences
Tools
&
Services
0.9%
Thermo
Fisher
Scientific
132,900
75,930
75,930
Pharmaceuticals
1.5%
AstraZeneca,
ADR
1,248,922
75,010
Zoetis
274,100
53,214
128,224
Total
Health
Care
1,193,352
INDUSTRIALS
&
BUSINESS
SERVICES
7.9%
Aerospace
&
Defense
1.4%
Airbus
(EUR) (1)
963,802
127,777
127,777
Airlines
0.6%
United
Airlines
Holdings (1)
1,109,700
52,788
52,788
Industrial
Conglomerates
2.8%
General
Electric
1,557,357
160,455
Roper
Technologies
184,900
82,489
242,944
Machinery
1.2%
Middleby (1)
643,500
109,723
109,723
Professional
Services
1.9%
Clarivate (1)
2,571,512
56,316
CoStar
Group (1)
481,310
41,422
Legalzoom.com (1)
374,774
9,894
TransUnion
569,700
63,983
171,615
Total
Industrials
&
Business
Services
704,847
T.
ROWE
PRICE
All-Cap
Opportunities
Fund
Shares
$
Value
(Cost
and
value
in
$000s)
‡
INFORMATION
TECHNOLOGY
27.2%
IT
Services
9.0%
Euronet
Worldwide (1)
1,598,169
203,415
Fidelity
National
Information
Services
735,572
89,504
Global
Payments
459,170
72,356
Shopify,
Class
A (1)
21,200
28,743
Square,
Class
A (1)
137,600
33,002
Thoughtworks
Holding (1)
254,390
7,304
VeriSign (1)
611,800
125,425
Visa,
Class
A
1,056,092
235,244
794,993
Semiconductors
&
Semiconductor
Equipment
3.1%
Advanced
Micro
Devices (1)
365,000
37,558
Analog
Devices
338,790
56,741
Taiwan
Semiconductor
Manufacturing,
ADR
599,451
66,929
Texas
Instruments
598,212
114,982
276,210
Software
13.3%
Canva,
Acquisition
Date:
8/16/21,
Cost $2,480 (1)(3)(4)
1,455
2,480
Ceridian
HCM
Holding (1)
555,205
62,527
Intuit
119,703
64,581
Microsoft
1,813,424
511,240
salesforce.com (1)
558,200
151,395
ServiceNow (1)
125,383
78,022
Synopsys (1)
195,526
58,542
UiPath,
Class
A (1)
828,011
43,562
Workiva (1)
505,952
71,319
Zoom
Video
Communications,
Class
A (1)
469,000
122,644
1,166,312
Technology
Hardware,
Storage
&
Peripherals
1.8%
Apple
1,113,732
157,593
157,593
Total
Information
Technology
2,395,108
MATERIALS
0.5%
Chemicals
0.5%
Sherwin-Williams
145,400
40,673
Total
Materials
40,673
UTILITIES
2.5%
Electric
Utilities
1.7%
NextEra
Energy
1,851,064
145,345
145,345
T.
ROWE
PRICE
All-Cap
Opportunities
Fund
Shares
$
Value
(Cost
and
value
in
$000s)
‡
Multi-Utilities
0.8%
Sempra
Energy
550,099
69,587
69,587
Total
Utilities
214,932
Total
Common
Stocks
(Cost
$5,623,325)
8,375,757
CONVERTIBLE
PREFERRED
STOCKS
3.3%
COMMUNICATION
SERVICES
0.2%
Interactive
Media
&
Services
0.2%
ByteDance,
Series
E,
Acquisition
Date:
7/8/19,
Cost $7,875 (1)(3)
(4)
159,769
20,061
Total
Communication
Services
20,061
CONSUMER
DISCRETIONARY
2.6%
Automobiles
2.4%
Rivian
Automotive,
Series
D,
Acquisition
Date:
12/23/19,
Cost $13,652 (1)(3)(4)
1,270,636
90,253
Rivian
Automotive,
Series
E,
Acquisition
Date:
7/10/20,
Cost $17,598 (1)(3)(4)
1,136,096
80,697
Rivian
Automotive,
Series
F,
Acquisition
Date:
1/19/21,
Cost $18,238 (1)(3)(4)
494,929
35,155
206,105
Leisure
Products
0.2%
Rad
Power
Bikes,
Series
D,
Acquisition
Date:
9/16/21,
Cost $17,747 (1)(3)(4)
1,851,771
17,747
17,747
Total
Consumer
Discretionary
223,852
HEALTH
CARE
0.1%
Biotechnology
0.1%
Caris
Life
Sciences,
Series
D,
Acquisition
Date:
5/11/21,
Cost $5,689 (1)(3)(4)
702,380
5,689
Total
Health
Care
5,689
INDUSTRIALS
&
BUSINESS
SERVICES
0.1%
Aerospace
&
Defense
0.1%
ABL
Space
Systems,
Series
B,
Acquisition
Date:
3/24/21,
Cost $10,360 (1)(3)(4)
230,036
10,360
Total
Industrials
&
Business
Services
10,360
T.
ROWE
PRICE
All-Cap
Opportunities
Fund
Shares
$
Value
(Cost
and
value
in
$000s)
‡
INFORMATION
TECHNOLOGY
0.2%
Software
0.2%
Waymo,
Series
A-2,
Acquisition
Date:
5/8/20,
Cost $14,265 (1)(3)
(4)
166,137
15,238
Total
Information
Technology
15,238
MATERIALS
0.1%
Chemicals
0.1%
Redwood
Materials,
Series
C,
Acquisition
Date:
5/28/21,
Cost $8,661 (1)(3)(4)
182,704
8,661
Total
Materials
8,661
Total
Convertible
Preferred
Stocks
(Cost
$114,085)
283,861
SHORT-TERM
INVESTMENTS
1.8%
Money
Market
Funds
1.8%
T.
Rowe
Price
Government
Reserve
Fund,
0.05% (5)(6)
159,607,244
159,607
Total
Short-Term
Investments
(Cost
$159,607)
159,607
SECURITIES
LENDING
COLLATERAL
0.2%
INVESTMENTS
IN
A
POOLED
ACCOUNT
THROUGH
SECURITIES
LENDING
PROGRAM
WITH
STATE
STREET
BANK
AND
TRUST
COMPANY
0.2%
Short-Term
Funds
0.2%
T.
Rowe
Price
Short-Term
Fund,
0.07% (5)(6)
2,043,901
20,439
Total
Investments
in
a
Pooled
Account
through
Securities
Lending
Program
with
State
Street
Bank
and
Trust
Company
20,439
Total
Securities
Lending
Collateral
(Cost
$20,439)
20,439
Total
Investments
in
Securities
100.7%
(Cost
$5,917,456)
$
8,839,664
Other
Assets
Less
Liabilities
(0.7)%
(
59,551
)
Net
Assets
100.0%
$
8,780,113
‡
Shares
are
denominated
in
U.S.
dollars
unless
otherwise
noted.
(1)
Non-income
producing
(2)
All
or
a
portion
of
this
security
is
on
loan
at
September
30,
2021.
(3)
Level
3
in
fair
value
hierarchy.
T.
ROWE
PRICE
All-Cap
Opportunities
Fund
.
.
.
.
.
.
.
.
.
.
(4)
Security
cannot
be
offered
for
public
resale
without
first
being
registered
under
the
Securities
Act
of
1933
and
related
rules
("restricted
security").
Acquisition
date
represents
the
day
on
which
an
enforceable
right
to
acquire
such
security
is
obtained
and
is
presented
along
with
related
cost
in
the
security
description.
The
fund
has
registration
rights
for
certain
restricted
securities.
Any
costs
related
to
such
registration
are
borne
by
the
issuer.
The
aggregate
value
of
restricted
securities
(excluding
144A
holdings)
at
period
end
amounts
to
$289,425
and
represents
3.3%
of
net
assets.
(5)
Seven-day
yield
(6)
Affiliated
Companies
ADR
American
Depositary
Receipts
CHF
Swiss
Franc
EUR
Euro
GBP
British
Pound
T.
ROWE
PRICE
All-Cap
Opportunities
Fund
The
accompanying
notes
are
an
integral
part
of
this
Portfolio
of
Investments.
AFFILIATED
COMPANIES
($000s)
The
fund
may
invest
in
certain
securities
that
are
considered
affiliated
companies.
As
defined
by
the
1940
Act,
an
affiliated
company
is
one
in
which
the
fund
owns
5%
or
more
of
the
outstanding
voting
securities,
or
a
company
that
is
under
common
ownership
or
control.
The
following
securities
were
considered
affiliated
companies
for
all
or
some
portion
of
the
nine
months
ended
September
30,
2021.
Net
realized
gain
(loss),
investment
income,
change
in
net
unrealized
gain/loss,
and
purchase
and
sales
cost
reflect
all
activity
for
the
period
then
ended.
Affiliate
Net
Realized
Gain
(Loss)
Change
in
Net
Unrealized
Gain/Loss
Investment
Income
T.
Rowe
Price
Government
Reserve
Fund,
0.05%
$
—
$
—
$
30
T.
Rowe
Price
Short-Term
Fund,
0.07%
—
—
—
++
Totals
$
—
#
$
—
$
30
+
Supplementary
Investment
Schedule
Affiliate
Value
12/31/20
Purchase
Cost
Sales
Cost
Value
09/30/21
T.
Rowe
Price
Government
Reserve
Fund,
0.05%
$
64,461
¤
¤
$
159,607
T.
Rowe
Price
Short-Term
Fund,
0.07%
—
¤
¤
20,439
Total
$
180,046
^
#
Capital
gain
distributions
from
mutual
funds
represented
$0
of
the
net
realized
gain
(loss).
++
Excludes
earnings
on
securities
lending
collateral,
which
are
subject
to
rebates
and
fees.
+
Investment
income
comprised
$30
of
dividend
income
and
$0
of
interest
income.
¤
Purchase
and
sale
information
not
shown
for
cash
management
funds.
^
The
cost
basis
of
investments
in
affiliated
companies
was
$180,046.
T.
ROWE
PRICE
All-Cap
Opportunities
Fund
Unaudited
Notes
to
Portfolio
of
Investments
T.
Rowe
Price
All-Cap
Opportunities
Fund,
Inc. (the
fund),
formerly
the
T.
Rowe
Price
New
America
Growth
Fund, is
registered
under
the
Investment
Company
Act
of
1940
(the
1940
Act)
as
an
open-end
management
investment
company
and
follows
accounting
and
reporting
guidance
of
the
Financial
Accounting
Standards
Board
Accounting
Standards
Codification
Topic
946.
The
accompanying
Portfolio
of
Investments
was
prepared
in
accordance
with
accounting
principles
generally
accepted
in
the
United
States
of
America
(GAAP).
For
additional
information
on
the
fund’s
significant
accounting
policies
and
investment
related
disclosures,
please
refer
to
the
fund’s most
recent
semiannual
or
annual
shareholder
report
and
its
prospectus.
VALUATION
Fair
Value
The
fund’s
financial
instruments
are
valued
at
the
close
of
the
New
York
Stock
Exchange
(NYSE),
normally
4
p.m.
ET,
each
day
the
NYSE
is
open
for
business,
and
are
reported
at
fair
value,
which
GAAP
defines
as
the
price
that
would
be
received
to
sell
an
asset
or
paid
to
transfer
a
liability
in
an
orderly
transaction
between
market
participants
at
the
measurement
date. The
T.
Rowe
Price
Valuation
Committee
(the
Valuation
Committee)
is
an
internal
committee
that
has
been
delegated
certain
responsibilities
by
the
fund’s
Board
of
Directors
(the
Board)
to
ensure
that
financial
instruments
are
appropriately
priced
at
fair
value
in
accordance
with
GAAP
and
the
1940
Act.
Subject
to
oversight
by
the
Board,
the
Valuation
Committee
develops
and
oversees
pricing-related
policies
and
procedures
and
approves
all
fair
value
determinations.
Specifically,
the
Valuation
Committee
establishes
policies
and
procedures
used
in
valuing
financial
instruments,
including
those
which
cannot
be
valued
in
accordance
with
normal
procedures
or
using
pricing
vendors;
determines
pricing
techniques,
sources,
and
persons
eligible
to
effect
fair
value
pricing
actions;
evaluates
the
services
and
performance
of
the
pricing
vendors;
oversees
the
pricing
process
to
ensure
policies
and
procedures
are
being
followed;
and
provides
guidance
on
internal
controls
and
valuation-related
matters.
The
Valuation
Committee
provides
periodic
reporting
to
the
Board
on
valuation
matters.
Various
valuation
techniques
and
inputs
are
used
to
determine
the
fair
value
of
financial
instruments.
GAAP
establishes
the
following
fair
value
hierarchy
that
categorizes
the
inputs
used
to
measure
fair
value:
Level
1
–
quoted
prices
(unadjusted)
in
active
markets
for
identical
financial
instruments
that
the
fund
can
access
at
the
reporting
date
T.
ROWE
PRICE
All-Cap
Opportunities
Fund
Level
2
–
inputs
other
than
Level
1
quoted
prices
that
are
observable,
either
directly
or
indirectly
(including,
but
not
limited
to,
quoted
prices
for
similar
financial
instruments
in
active
markets,
quoted
prices
for
identical
or
similar
financial
instruments
in
inactive
markets,
interest
rates
and
yield
curves,
implied
volatilities,
and
credit
spreads)
Level
3
–
unobservable
inputs
(including
the fund’s
own
assumptions
in
determining
fair
value)
Observable
inputs
are
developed
using
market
data,
such
as
publicly
available
information
about
actual
events
or
transactions,
and
reflect
the
assumptions
that
market
participants
would
use
to
price
the
financial
instrument.
Unobservable
inputs
are
those
for
which
market
data
are
not
available
and
are
developed
using
the
best
information
available
about
the
assumptions
that
market
participants
would
use
to
price
the
financial
instrument.
GAAP
requires
valuation
techniques
to
maximize
the
use
of
relevant
observable
inputs
and
minimize
the
use
of
unobservable
inputs.
When
multiple
inputs
are
used
to
derive
fair
value,
the
financial
instrument
is
assigned
to
the
level
within
the
fair
value
hierarchy
based
on
the
lowest-level
input
that
is
significant
to
the
fair
value
of
the
financial
instrument.
Input
levels
are
not
necessarily
an
indication
of
the
risk
or
liquidity
associated
with
financial
instruments
at
that
level
but
rather
the
degree
of
judgment
used
in
determining
those
values.
Valuation
Techniques
Equity
securities,
including
exchange-traded
funds, listed
or
regularly
traded
on
a
securities
exchange
or
in
the
over-the-counter
(OTC)
market
are
valued
at
the
last
quoted
sale
price
or,
for
certain
markets,
the
official
closing
price
at
the
time
the
valuations
are
made.
OTC
Bulletin
Board
securities
are
valued
at
the
mean
of
the
closing
bid
and
asked
prices.
A
security
that
is
listed
or
traded
on
more
than
one
exchange
is
valued
at
the
quotation
on
the
exchange
determined
to
be
the
primary
market
for
such
security.
Listed
securities
not
traded
on
a
particular
day
are
valued
at
the
mean
of
the
closing
bid
and
asked
prices
for
domestic
securities
and
the
last
quoted
sale
or
closing
price
for
international
securities.
The
last
quoted
prices
of
non-U.S.
equity
securities
may
be
adjusted
to
reflect
the
fair
value
of
such
securities
at
the
close
of
the
NYSE,
if
the
fund
determines
that
developments
between
the
close
of
a
foreign
market
and
the
close
of
the
NYSE
will
affect
the
value
of
some
or
all
of
its
portfolio
securities.
Each
business
day,
the
fund
uses
information
from
outside
pricing
services
to
evaluate
and,
if
appropriate,
decide whether
it
is
necessary
to
adjust
quoted
prices
to
reflect
fair
value
by
reviewing
a
variety
of
factors,
including
developments
in
foreign
markets,
the
performance
of
U.S.
securities
markets,
and
the
performance
of
instruments
trading
in
U.S.
markets
that
represent
foreign
securities
and
baskets
of
foreign
securities. The
fund
uses
outside
pricing
services
T.
ROWE
PRICE
All-Cap
Opportunities
Fund
to
provide
it
with
quoted
prices
and
information
to
evaluate
or
adjust
those
prices.
The
fund
cannot
predict
how
often
it
will
use
quoted
prices
and
how
often
it
will
determine
it
necessary
to
adjust
those
prices
to
reflect
fair
value.
Investments
denominated
in
foreign
currencies
are
translated
into
U.S.
dollar
values
each
day
at
the
prevailing
exchange
rate,
using
the
mean
of
the
bid
and
asked
prices
of
such
currencies
against
U.S.
dollars
as
provided
by
an
outside
pricing
service.
Investments
in
mutual
funds
are
valued
at
the
mutual
fund’s
closing
NAV
per
share
on
the
day
of
valuation.
Investments
for
which
market
quotations
or
market-based
valuations
are
not
readily
available
or
deemed
unreliable
are
valued
at
fair
value
as
determined
in
good
faith
by
the
Valuation
Committee,
in
accordance
with
fair
valuation
policies
and
procedures.
The
objective
of
any
fair
value
pricing
determination
is
to
arrive
at
a
price
that
could
reasonably
be
expected
from
a
current
sale.
Financial
instruments
fair
valued
by
the
Valuation
Committee
are
primarily
private
placements,
restricted
securities,
warrants,
rights,
and
other
securities
that
are
not
publicly
traded.
Factors
used
in
determining
fair
value
vary
by
type
of
investment
and
may
include
market
or
investment
specific
considerations.
The
Valuation
Committee
typically
will
afford
greatest
weight
to
actual
prices
in
arm’s
length
transactions,
to
the
extent
they
represent
orderly
transactions
between
market
participants,
transaction
information
can
be
reliably
obtained,
and
prices
are
deemed
representative
of
fair
value.
However,
the
Valuation
Committee
may
also
consider
other
valuation
methods
such
as
market-based
valuation
multiples;
a
discount
or
premium
from
market
value
of
a
similar,
freely
traded
security
of
the
same
issuer;
discounted
cash
flows;
yield
to
maturity;
or
some
combination.
Fair
value
determinations
are
reviewed
on
a
regular
basis
and
updated
as
information
becomes
available,
including
actual
purchase
and
sale
transactions
of
the
investment.
Because
any
fair
value
determination
involves
a
significant
amount
of
judgment,
there
is
a
degree
of
subjectivity
inherent
in
such
pricing
decisions,
and
fair
value
prices
determined
by
the
Valuation
Committee
could
differ
from
those
of
other
market
participants.
T.
ROWE
PRICE
All-Cap
Opportunities
Fund
Valuation
Inputs
The
following
table
summarizes
the
fund’s
financial
instruments,
based
on
the
inputs
used
to
determine
their
fair
values
on
September
30,
2021
(for
further
detail
by
category,
please
refer
to
the
accompanying
Portfolio
of
Investments):
Following
is
a
reconciliation
of
the
fund’s
Level
3
holdings
for
the
period ended
September
30,
2021.
Gain
(loss)
reflects
both
realized
and
change
in
unrealized
gain/
loss
on
Level
3
holdings
during
the
period,
if
any.
The
change
in
unrealized
gain/
loss
on
Level
3
instruments
held
at
September
30,
2021,
totaled $152,179,000 for
the
period ended
September
30,
2021.
($000s)
Level
1
Level
2
Level
3
Total
Value
Assets
Common
Stocks
$
8,042,944
$
327,249
$
5,564
$
8,375,757
Convertible
Preferred
Stocks
—
—
283,861
283,861
Short-Term
Investments
159,607
—
—
159,607
Securities
Lending
Collateral
20,439
—
—
20,439
Total
$
8,222,990
$
327,249
$
289,425
$
8,839,664
($000s)
Beginning
Balance
12/31/20
Gain
(Loss)
During
Period
Total
Purchases
Total
Sales
Ending
Balance
9/30/21
Investment
in
Securities
Common
Stocks
$
5,957
$
(996)
$
2,480
$
(1,877)
$
5,564
Convertible
Preferred
Stocks
85,875
144,519
60,695
(7,228)
283,861
Total
$
91,832
$
143,523
$
63,175
$
(9,105)
$
289,425
T.
ROWE
PRICE
All-Cap
Opportunities
Fund
In
accordance
with
GAAP,
the
following
table
provides
quantitative
information
about
significant
unobservable
inputs
used
to
determine
the
fair
valuations
of
the
fund’s
Level
3
assets,
by
class
of
financial
instrument.
Because
the
Valuation
Committee
considers
a
wide
variety
of
factors
and
inputs,
both
observable
and
unobservable,
in
determining
fair
values,
the
unobservable
inputs
presented
do
not
reflect
all
inputs
significant
to
the
fair
value
determination.
Investments
in
Securities
Value
(000s)
Valuation
Technique(s)+
Significant
Unobservable
Input(s)
Value
or
Range
of
Input(s)
Weighted
Average
of
Input(s)*
Impact
to
Valuation
from
an
Increase
in
Input**
Common
Stocks
$
5,564
Recent
comparable
transaction
price(s)
—#
—#
—#
—#
Market
comparable
Enterprise
value
to
sales
multiple
4.8x
–
5.8x
5.3x
Increase
Sales
growth
rate
11%
11%
Increase
Enterprise
value
to
gross
profit
multiple
9.5x
–
15.4x
12.5x
Increase
Gross
profit
growth
rate
13%
13%
Increase
Discount
for
lack
of
marketability
10%
10%
Decrease
Convertible
Preferred
Stocks
$
283,861
Recent
comparable
transaction
price(s)
—#
—#
—#
—#
Capital
conversion
reference
point
$55
Billion
$55
Billion
Increase
Market
comparable
Enterprise
value
to
sales
multiple
3.1x
–
4.3x
3.7x
Increase
T.
ROWE
PRICE
All-Cap
Opportunities
Fund
#
No
quantitative
unobservable
inputs
significant
to
the
valuation
technique
were
created
by
the
fund’s
management.
*
Unobservable
inputs
were
weighted
by
the
relative
fair
value
of
the
instruments.
**
Represents
the
directional
change
in
the
fair
value
of
the
Level
3
investment(s)
that
would
have
resulted
from
an
increase
in
the
corresponding
input
at
period
end.
A
decrease
in
the
unobservable
input
would
have
had
the
opposite
effect.
Significant
increases
and
decreases
in
these
inputs
in
isolation
could
result
in
significantly
higher
or
lower
fair
value
measurements.
+
Valuation
techniques
may
change
in
order
to
reflect
management’s
judgment
of
current
market
participant
assumptions.
F60-054Q3
09/21
Investments
in
Securities
Value
(000s)
Valuation
Technique(s)+
Significant
Unobservable
Input(s)
Value
or
Range
of
Input(s)
Weighted
Average
of
Input(s)*
Impact
to
Valuation
from
an
Increase
in
Input**
Sales
growth
rate
32%
–
38%
35%
Increase
Discount
for
lack
of
marketability
10%
10%
Decrease