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      <invstOrSec>
        <name>CARVANA CO</name>
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      <invstOrSec>
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        <name>CHARLES RIVER LABORATORIES</name>
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        <name>CHUBB LTD</name>
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        <name>GILEAD SCIENCES INC</name>
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        <name>OpenAI Group PCB PP Series A-3 CVT PP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PALANTIR TECHNOLOGIES INC-A</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PAX LABS CLASS A COMMON PP</name>
        <lei>549300FKJA0AEKUHVG68</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PERPLEXITY AI SER E-1 CVT PFD PP</name>
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          <other otherDesc="Internal ID" value="TC67HY7Y9"/>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PLANET FITNESS INC - CL A</name>
        <lei>549300LLE5HUPF6H8G33</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>QXO INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>REDWOOD MATERIALS SER C CVT STOCK PP</name>
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          <other otherDesc="Internal ID" value="6382450"/>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RELIANCE 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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          <isCashCollateral>N</isCashCollateral>
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        <name>REPLIGEN CORP</name>
        <lei>54930006QJ0T5AUO1E71</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ROBLOX CORP -CLASS A</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAIA INC</name>
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        <title>SAIA INC</title>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAMSUNG ELECTRONICS CO LTD</name>
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          <isin value="KR7005930003"/>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SEA LTD ADR</name>
        <lei>529900OM6JLLW44YKI15</lei>
        <title>SEA LTD</title>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SOUTHERN COPPER CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>T-MOBILE US INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>T. Rowe Price Government Reserve Fund</name>
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        <assetCat>STIV</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>TAIWAN SEMICONDUCTOR-SP ADR</name>
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        <title>TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD</title>
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        <fairValLevel>1</fairValLevel>
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        <name>TE CONNECTIVITY PLC</name>
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        <name>TELEDYNE TECHNOLOGIES INC</name>
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        <name>TENCENT HOLDINGS LTD-UNS ADR</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>TENCENT HOLDINGS LTD</title>
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        <name>TENCENT HOLDINGS LTD</name>
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        <name>THERMO FISHER SCIENTIFIC INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TOLL BROTHERS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Treeline Bio Common WTS 8/35 PP</name>
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        <fairValLevel>3</fairValLevel>
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        <name>TREELINE BIO SER A CVT PFD STOCK PP</name>
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        <curCd>USD</curCd>
        <valUSD>1197319.680000</valUSD>
        <pctVal>0.0083407522</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>0.0303297911</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 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>0.0237602983</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>4682633.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51321657.680000</valUSD>
        <pctVal>0.3575162384</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>9833064.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>132746364.000000</valUSD>
        <pctVal>0.9247359275</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>576550.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>144471899.000000</valUSD>
        <pctVal>1.0064181910</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>VIAVI SOLUTIONS INC</name>
        <lei>5493006K3E3N1QOBF092</lei>
        <title>VIAVI SOLUTIONS INC</title>
        <cusip>925550105</cusip>
        <identifiers>
          <isin value="US9255501051"/>
        </identifiers>
        <balance>627574.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20885662.720000</valUSD>
        <pctVal>0.1454934215</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>1454547.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>439622285.280000</valUSD>
        <pctVal>3.0624908245</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>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>28032296.010000</valUSD>
        <pctVal>0.1952782018</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>1937946.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>137303474.100000</valUSD>
        <pctVal>0.9564816063</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>2026-05-05</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>
