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      <invstOrSec>
        <name>CANVA SERIES A-3 CVT PFD STOCK PP</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>CARVANA CO</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CATERPILLAR INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CAVA GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CBRE GROUP INC - A</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CENCORA INC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SCHWAB (CHARLES) CORP</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHUBB LTD</name>
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        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CIGNA GROUP/THE</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CITIGROUP INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CME GROUP INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CMS ENERGY CORP</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COLGATE-PALMOLIVE CO</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CROWN CASTLE INC</name>
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        <name>CYBER-ARK SOFTWARE LTD/ISRAEL</name>
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        <name>Caris Life Sciences Inc Lockup Shs PP</name>
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        <name>DATABRICKS SER J CVT PFD STOCK PP</name>
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        <name>DAYFORCE INC</name>
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        <name>DEERE &amp; CO</name>
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        <name>ERO COPPER CORP</name>
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        <name>EVERCORE INC-CL A</name>
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        <name>FERRARI NV</name>
        <lei>549300RIVY5EX8RCON76</lei>
        <title>FERRARI NV</title>
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        <name>FIREFLY AEROSPACE INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FLOOR &amp; DECOR HOLDINGS INC-A</name>
        <lei>549300M5FR3N688XGQ36</lei>
        <title>FLOOR &amp; DECOR HOLDINGS INC</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FORTINET INC</name>
        <lei>549300O0QJWDBAS0QX03</lei>
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      <invstOrSec>
        <name>GENERAL AEROSPACE</name>
        <lei>3C7474T6CDKPR9K6YT90</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GILEAD SCIENCES INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HILTON WORLDWIDE HOLDINGS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HOME DEPOT INC</name>
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      <invstOrSec>
        <name>IDEXX LABORATORIES INC</name>
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      <invstOrSec>
        <name>INSMED INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INTEL CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>INTERDIGITAL INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>INTUITIVE SURGICAL INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>J.P. MORGAN CHASE &amp; CO.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MARRIOTT INTERNATIONAL -CL A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MARSH &amp; MCLENNAN COS</name>
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        <name>MASTERCARD INC - A</name>
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        <name>MCDONALD S CORP</name>
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        <name>MERCADOLIBRE INC</name>
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        <name>MERUS NV</name>
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        <name>META PLATFORMS INC-CLASS A</name>
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        <name>MICROSOFT CORP</name>
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        <name>MIDDLEBY CORP</name>
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        <name>MONDAY.COM LTD</name>
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        <name>MOODY S CORP</name>
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        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
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        <name>MP MATERIALS CORP</name>
        <lei>89450063PHPS61USMT84</lei>
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      <invstOrSec>
        <name>NATERA INC</name>
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      <invstOrSec>
        <name>NETFLIX INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NORTHROP GRUMMAN CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NVIDIA CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>OPENAI LLC CVT INT RIGHTS PP</name>
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      <invstOrSec>
        <name>PALANTIR TECHNOLOGIES INC-A</name>
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        <name>PALO ALTO NETWORKS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PAX LABS CLASS A COMMON PP</name>
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        <fairValLevel>3</fairValLevel>
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        <name>PERMIAN RESOURCES CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PERPLEXITY AI SER E-1 CVT PFD PP</name>
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        <name>PINTEREST INC- CLASS A</name>
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        <name>RAD POWER BIKES INC CL A COMMON PP</name>
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        <name>REDWOOD MATERIALS SER C CVT STOCK PP</name>
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        <name>ROBINHOOD MARKETS INC - A</name>
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        <name>ROBLOX CORP -CLASS A</name>
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        <name>SEA LTD ADR</name>
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        <name>SOUTHERN COPPER CORP</name>
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        <name>SPOTIFY TECHNOLOGY SA</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>T. Rowe Price Government Reserve Fund</name>
        <lei>5493002Y0IYARJVQ5N24</lei>
        <title>T. Rowe Price Government Reserve Fund</title>
        <cusip>76105Y109</cusip>
        <identifiers>
          <isin value="US76105Y1091"/>
        </identifiers>
        <balance>162349624.534000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>162349624.530000</valUSD>
        <pctVal>0.9405706483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAIWAN SEMICONDUCTOR-SP ADR</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD</title>
        <cusip>874039100</cusip>
        <identifiers>
          <isin value="US8740391003"/>
        </identifiers>
        <balance>623400.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>174109386.000000</valUSD>
        <pctVal>1.0087006886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TENCENT HOLDINGS LTD-UNS ADR</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>TENCENT HOLDINGS LTD</title>
        <cusip>88032Q109</cusip>
        <identifiers>
          <isin value="US88032Q1094"/>
        </identifiers>
        <balance>1469300.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>125110895.000000</valUSD>
        <pctVal>0.7248285049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TENCENT HOLDINGS LTD</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>TENCENT HOLDINGS LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG875721634"/>
        </identifiers>
        <balance>935900.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.781950"/>
        <valUSD>79747666.750000</valUSD>
        <pctVal>0.4620171733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TESLA INC</name>
        <lei>54930043XZGB27CTOV49</lei>
        <title>TESLA INC</title>
        <cusip>88160R101</cusip>
        <identifiers>
          <isin value="US88160R1014"/>
        </identifiers>
        <balance>467773.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>208028008.560000</valUSD>
        <pctVal>1.2052078312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRANSUNION</name>
        <lei>549300ZS772LUNUMRB03</lei>
        <title>TRANSUNION</title>
        <cusip>89400J107</cusip>
        <identifiers>
          <isin value="US89400J1079"/>
        </identifiers>
        <balance>726030.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>60826793.400000</valUSD>
        <pctVal>0.3523993152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Treeline Bio Common WTS 8/35 PP</name>
        <lei>N/A</lei>
        <title>TREELINE BIO COMMON WTS 8.35 PP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="TC8LDBAV2"/>
        </identifiers>
        <balance>70210.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>511620.270000</valUSD>
        <pctVal>0.0029640660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>
      <invstOrSec>
        <name>TREELINE BIO SER A CVT PFD STOCK PP</name>
        <lei>N/A</lei>
        <title>TREELINE BIO SER A CVT PFD STOCK PP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="TC0U9C2T7"/>
        </identifiers>
        <balance>164309.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1197319.680000</valUSD>
        <pctVal>0.0069366575</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>
      <invstOrSec>
        <name>TREELINE BIO SER A-1 CVT PFD STOCK PP</name>
        <lei>N/A</lei>
        <title>TREELINE BIO SER A-1 CVT PFD STOCK PP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="TC51XS4U9"/>
        </identifiers>
        <balance>597483.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4353858.620000</valUSD>
        <pctVal>0.0252240289</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>
      <invstOrSec>
        <name>Treeline Bio SER A-2 NV CVT PFD PP</name>
        <lei>N/A</lei>
        <title>TREELINE BIO SER A-2 NV CVT PFD PP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="TC9QDVLP7"/>
        </identifiers>
        <balance>468067.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3410804.230000</valUSD>
        <pctVal>0.0197604544</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>
      <invstOrSec>
        <name>UPWORK INC</name>
        <lei>5493004QJ6WWBXVE2S70</lei>
        <title>UPWORK INC</title>
        <cusip>91688F104</cusip>
        <identifiers>
          <isin value="US91688F1049"/>
        </identifiers>
        <balance>2776274.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51555408.180000</valUSD>
        <pctVal>0.2986856535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>URANIUM ENERGY CORP</name>
        <lei>549300VD69WD2USLIP04</lei>
        <title>URANIUM ENERGY CORP</title>
        <cusip>916896103</cusip>
        <identifiers>
          <isin value="US9168961038"/>
        </identifiers>
        <balance>5609841.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>74835278.940000</valUSD>
        <pctVal>0.4335573121</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VERTIV HOLDINGS CO-A</name>
        <lei>549300KTTIRAOGXCRV69</lei>
        <title>VERTIV HOLDINGS CO</title>
        <cusip>92537N108</cusip>
        <identifiers>
          <isin value="US92537N1081"/>
        </identifiers>
        <balance>1027400.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>154993564.000000</valUSD>
        <pctVal>0.8979533978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VISA INC-CLASS A SHARES</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>VISA INC</title>
        <cusip>92826C839</cusip>
        <identifiers>
          <isin value="US92826C8394"/>
        </identifiers>
        <balance>1234767.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>421524758.460000</valUSD>
        <pctVal>2.4420987513</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WASTE CONNECTIONS INC</name>
        <lei>549300HDLRTPBQU69P29</lei>
        <title>WASTE CONNECTIONS INC</title>
        <cusip>94106B101</cusip>
        <identifiers>
          <isin value="CA94106B1013"/>
        </identifiers>
        <balance>582502.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>102403851.600000</valUSD>
        <pctVal>0.5932755149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WAYMO LLC SER A-2 CVT PFD UNITS PP</name>
        <lei>N/A</lei>
        <title>WAYMO LLC SER A-2 CVT PFD UNITS PP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="TC0PDDXZ3"/>
        </identifiers>
        <balance>166137.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17602215.150000</valUSD>
        <pctVal>0.1019782273</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>
      <invstOrSec>
        <name>WESTERN ALLIANCE BANCORP</name>
        <lei>5493003VJXZ5JXT9S762</lei>
        <title>WESTERN ALLIANCE BANCORP</title>
        <cusip>957638109</cusip>
        <identifiers>
          <isin value="US9576381092"/>
        </identifiers>
        <balance>1769022.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>153409587.840000</valUSD>
        <pctVal>0.8887766504</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZSCALER INC</name>
        <lei>529900MZ0RTK1BWRNF46</lei>
        <title>ZSCALER INC</title>
        <cusip>98980G102</cusip>
        <identifiers>
          <isin value="US98980G1022"/>
        </identifiers>
        <balance>294100.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>88130006.000000</valUSD>
        <pctVal>0.5105801576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</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>2025-11-05</ncom:dateSigned>
      <ncom:nameOfApplicant>T. Rowe Price All-Cap Opportunities Fund, 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>
  <documents>XXXX</documents>
</edgarSubmission>
