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      <invstOrSec>
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        <name>OpenAI Group PCB PP Series A-3 CVT PP</name>
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      <invstOrSec>
        <name>SEA LTD ADR</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SHOPIFY INC - CLASS A</name>
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      <invstOrSec>
        <name>SILA NANO SER F CVT PFD STOCK PP</name>
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      <invstOrSec>
        <name>SILA NANO SER G CVT PFD PP</name>
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      <invstOrSec>
        <name>SNOWFLAKE INC</name>
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        <name>SOCURE INC PP</name>
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      <invstOrSec>
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        <name>SOCURE SERIES E CVT PFD STOCK PP</name>
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        <name>SPACE EXPLORATION TECHN-CL A</name>
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        <name>T. Rowe Price Government Reserve Fund</name>
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        <name>TAIWAN SEMICONDUCTOR-SP ADR</name>
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        <name>WAYMO LLC SER B-2 CVT PFD UNITS PP</name>
        <lei>N/A</lei>
        <title>WAYMO LLC SER B-2 CVT PFD UNITS PP</title>
        <cusip>TC7W7JFK8</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="6448474"/>
        </identifiers>
        <balance>14135.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2795903.000000</valUSD>
        <pctVal>0.0136064458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-04</ncom:dateSigned>
      <ncom:nameOfApplicant>T. Rowe Price Equity Funds, Inc.</ncom:nameOfApplicant>
      <ncom:signature>/s/ Alan Dupski</ncom:signature>
      <ncom:signerName>Alan Dupski</ncom:signerName>
      <ncom:title>Treasurer &amp; Vice President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
