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Form NPORT-P T. Rowe Price Equity For: Mar 31

May 27, 2022 10:46 AM EDT

  
    NPORT-P
    false
    
      
      
        
          0000918294
          XXXXXXXX
        
      
      
      
      
        S000002081
        C000005445
        C000005446
      
      
    
  
  
    
      T. ROWE PRICE EQUITY SERIES, INC.
      811-07143
      0000918294
      549300U8GAQGX2UFFV03
      100 East Pratt Street
      Baltimore
      
      21202
      410-345-2000
      T. Rowe Price Blue Chip Growth Portfolio
      S000002081
      NJ97TRZ4FD8R2ULK7U79
      2022-12-31
      2022-03-31
      N
    
    
      2229537286.29
      4878945.00
      2224658341.29
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.02000000
      
        
        
        
        
      
      N
      
        
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        CANVA COMMON STOCK PP
        N/A
        CANVA COMMON STOCK PP
        000000000
        
          
        
        1441.00000000
        NS
        USD
        1966965.00000000
        0.088416498097
        Long
        EC
        CORP
        US
        Y
        
        3
        
          N
          N
          N
        
      
      
        ROPER TECHNOLOGIES INC
        54930003T4SXCIWVXY35
        ROPER TECHNOLOGIES INC
        776696106
        
          
          
        
        24245.00000000
        NS
        USD
        11449216.35000000
        0.514650548243
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Crowdstrike Holdings Inc
        549300YBY08K9KM4HX32
        Crowdstrike Holdings Inc
        22788C105
        
          
          
        
        11810.00000000
        NS
        USD
        2681814.80000000
        0.120549513164
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Rivian Automotive Inc
        N/A
        Rivian Automotive Inc
        76954A103
        
          
          
        
        105396.00000000
        NS
        USD
        5295095.04000000
        0.238018348333
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Chubb Ltd
        E0JAN6VLUDI1HITHT809
        Chubb Ltd
        000000000
        
          
          
          
        
        34366.00000000
        NS
        USD
        7350887.40000000
        0.330427700450
        Long
        EC
        CORP
        CH
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CANVA SERIES A-3 CVT PFD STOCK PP
        N/A
        CANVA SERIES A-3 CVT PFD STOCK PP
        000000000
        
          
        
        10.00000000
        NS
        USD
        13650.00000000
        0.000613577363
        Long
        EP
        CORP
        US
        Y
        
        3
        
          N
          N
          N
        
      
      
        PAYPAL HOLDINGS INC
        5493005X2GO78EFZ3E94
        PAYPAL HOLDINGS INC
        70450Y103
        
          
          
        
        119457.00000000
        NS
        USD
        13815202.05000000
        0.621003315142
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Snowflake Inc
        254900CJNSY1K7T53Z16
        Snowflake Inc
        833445109
        
          
          
        
        23373.00000000
        NS
        USD
        5355455.49000000
        0.240731594177
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Bill.com Holdings Inc
        549300IBF9VZZIGOZW63
        Bill.com Holdings Inc
        090043100
        
          
          
        
        59194.00000000
        NS
        USD
        13424607.26000000
        0.603445797084
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        INTUITIVE SURGICAL INC
        54930052SRG011710797
        INTUITIVE SURGICAL INC
        46120E602
        
          
          
        
        114429.00000000
        NS
        USD
        34520940.72000000
        1.551741230520
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        General Electric Co
        3C7474T6CDKPR9K6YT90
        General Electric Co
        369604301
        
          
          
        
        70267.00000000
        NS
        USD
        6429430.50000000
        0.289007546941
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Tencent Holdings Ltd
        254900N4SLUMW4XUYY11
        Tencent Holdings Ltd
        000000000
        
          
          
          
        
        198400.00000000
        NS
        
        9145117.70000000
        0.411079648962
        Long
        EC
        CORP
        CN
        N
        
        2
        
          N
          N
          N
        
      
      
        NVIDIA Corp
        549300S4KLFTLO7GSQ80
        NVIDIA Corp
        67066G104
        
          
          
        
        278724.00000000
        NS
        USD
        76052630.64000000
        3.418620703613
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        T. ROWE PRICE GOVERNMENT RESERVE FUND
        5493002Y0IYARJVQ5N24
        T. ROWE PRICE GOVERNMENT RESERVE FUND
        76105Y109
        
          
          
        
        21989716.91000000
        NS
        USD
        21989716.91000000
        0.988453665080
        Long
        STIV
        RF
        US
        N
        
        1
        
          
          N
          N
        
      
      
        Starbucks Corp
        OQSJ1DU9TAOC51A47K68
        Starbucks Corp
        855244109
        
          
          
        
        47647.00000000
        NS
        USD
        4334447.59000000
        0.194836551283
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Twilio Inc
        5493004W8TRGD63APX93
        Twilio Inc
        90138F102
        
          
          
        
        12438.00000000
        NS
        USD
        2049906.78000000
        0.092144791042
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        HashiCorp Inc
        N/A
        HashiCorp Inc
        418100103
        
          
          
        
        19425.00000000
        NS
        USD
        1048950.00000000
        0.047151060481
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        CANVA SERIES A CVT PFD STOCK PP
        N/A
        CANVA SERIES A CVT PFD STOCK PP
        000000000
        
          
        
        92.00000000
        NS
        USD
        125580.00000000
        0.005644911745
        Long
        EP
        CORP
        US
        Y
        
        3
        
          N
          N
          N
        
      
      
        VISA INC
        549300JZ4OKEHW3DPJ59
        VISA INC-CLASS A SHARES
        92826C839
        
          
          
        
        269748.00000000
        NS
        USD
        59822013.96000000
        2.689042755451
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CHARLES SCHWAB CORP/THE
        549300VSGCJ7E698NM85
        SCHWAB (CHARLES) CORP
        808513105
        
          
          
        
        133937.00000000
        NS
        USD
        11292228.47000000
        0.507593829596
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        DoorDash Inc
        N/A
        DoorDash Inc
        25809K105
        
          
          
        
        121939.00000000
        NS
        USD
        14290031.41000000
        0.642347237990
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Meta Platforms Inc
        BQ4BKCS1HXDV9HN80Z93
        Meta Platforms Inc
        30303M102
        
          
          
        
        497947.00000000
        NS
        USD
        110723494.92000000
        4.977101106491
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Adyen NV
        724500973ODKK3IFQ447
        Adyen NV
        000000000
        
          
          
          
        
        1207.00000000
        NS
        
        2390698.73000000
        0.107463635454
        Long
        EC
        CORP
        NL
        N
        
        2
        
          N
          N
          N
        
      
      
        Sea Ltd
        529900OM6JLLW44YKI15
        Sea Ltd
        81141R100
        
          
          
        
        186754.00000000
        NS
        USD
        22371261.66000000
        1.005604377300
        Long
        EC
        CORP
        SG
        N
        
        1
        
          N
          N
          N
        
      
      
        ALPHABET INC
        5493006MHB84DD0ZWV18
        ALPHABET INC-CL A
        02079K305
        
          
          
        
        10034.00000000
        NS
        USD
        27908065.90000000
        1.254487728835
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Teleflex Inc
        UUL85LWXB4NGSWWXIQ25
        Teleflex Inc
        879369106
        
          
          
        
        16737.00000000
        NS
        USD
        5938789.71000000
        0.266952888889
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Spotify Technology SA
        549300B4X0JHWV0DTD60
        Spotify Technology SA
        000000000
        
          
          
          
        
        33340.00000000
        NS
        USD
        5035006.80000000
        0.226327194003
        Long
        EC
        CORP
        SE
        N
        
        1
        
          N
          N
          N
        
      
      
        DATABRICKS SER G CVY PFD STCK PP
        N/A
        DATABRICKS SER G CVY PFD STCK PP
        000000000
        
          
        
        4182.00000000
        NS
        USD
        693710.16000000
        0.031182772973
        Long
        EP
        CORP
        US
        Y
        
        3
        
          N
          N
          N
        
      
      
        BOOKING HOLDINGS INC
        FXM8FAOHMYDIPD38UZ17
        BOOKING HOLDINGS INC
        09857L108
        
          
          
        
        4992.00000000
        NS
        USD
        11723462.40000000
        0.526978106364
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        RIVIAN AUTOMOTIVE INC
        N/A
        RIVIAN AUTOMOTIVE INC
        000000000
        
          
          
        
        253609.00000000
        NS
        USD
        12104250.35000000
        0.544094799877
        Long
        EC
        CORP
        US
        Y
        
        2
        
          N
          N
          N
        
      
      
        Eli Lilly & Co
        FRDRIPF3EKNDJ2CQJL29
        Eli Lilly & Co
        532457108
        
          
          
        
        101068.00000000
        NS
        USD
        28942843.16000000
        1.301001714412
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        DocuSign Inc
        549300Q7PVDWRZ39JG09
        DocuSign Inc
        256163106
        
          
          
        
        46673.00000000
        NS
        USD
        4999611.76000000
        0.224736161378
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        INTUIT INC
        VI90HBPH7XSFMB9E4M29
        INTUIT INC
        461202103
        
          
          
        
        74170.00000000
        NS
        USD
        35663902.80000000
        1.603118201931
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Synopsys Inc
        QG7T915N9S0NY5UKNE63
        Synopsys Inc
        871607107
        
          
          
        
        70066.00000000
        NS
        USD
        23350895.82000000
        1.049639640685
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MSCI Inc
        549300HTIN2PD78UB763
        MSCI Inc
        55354G100
        
          
          
        
        5024.00000000
        NS
        USD
        2526469.12000000
        0.113566612594
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Dollar General Corp
        OPX52SQVOZI8IVSWYU66
        Dollar General Corp
        256677105
        
          
          
        
        69783.00000000
        NS
        USD
        15535789.29000000
        0.698344954892
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Datadog Inc
        549300F6JNO0KRPO1K63
        Datadog Inc
        23804L103
        
          
          
        
        35601.00000000
        NS
        USD
        5392483.47000000
        0.242396028635
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        T-Mobile US Inc
        549300QHIJYOHPACPG31
        T-Mobile US Inc
        872590104
        
          
          
        
        42132.00000000
        NS
        USD
        5407642.20000000
        0.243077424503
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NIKE Inc
        787RXPR0UX0O0XUXPZ81
        NIKE Inc
        654106103
        
          
          
        
        121598.00000000
        NS
        USD
        16362226.88000000
        0.735493921754
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Shopify Inc
        549300HGQ43STJLLP808
        Shopify Inc
        82509L107
        
          
          
        
        18194.00000000
        NS
        USD
        12298416.24000000
        0.552822696939
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        Block Inc
        549300OHIIUWSTIZME52
        Block Inc
        852234103
        
          
          
        
        87121.00000000
        NS
        USD
        11813607.60000000
        0.531030198243
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Snap Inc
        549300JNC0L6VP8A2Q35
        Snap Inc
        83304A106
        
          
          
        
        650006.00000000
        NS
        USD
        23393715.94000000
        1.051564436021
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ROSS STORES INC
        549300ENZFLPGRDFZQ60
        ROSS STORES INC
        778296103
        
          
          
        
        159959.00000000
        NS
        USD
        14469891.14000000
        0.650432062822
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ServiceNow Inc
        549300HJTQM36M0E1G39
        ServiceNow Inc
        81762P102
        
          
          
        
        88711.00000000
        NS
        USD
        49402268.79000000
        2.220667680653
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        S&P Global Inc
        Y6X4K52KMJMZE7I7MY94
        S&P Global Inc
        78409V104
        
          
          
        
        35431.00000000
        NS
        USD
        14533087.58000000
        0.653272788466
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GUSTO INC SER E CVT PFD PP
        N/A
        GUSTO INC SER E CVT PFD PP
        000000000
        
          
        
        37063.00000000
        NS
        USD
        1126542.12000000
        0.050638882343
        Long
        EP
        CORP
        US
        Y
        
        3
        
          N
          N
          N
        
      
      
        Align Technology Inc
        549300N5YSE0U3LCP840
        Align Technology Inc
        016255101
        
          
          
        
        9708.00000000
        NS
        USD
        4232688.00000000
        0.190262384180
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Carvana Co
        5493003WEAK2PJ5WS063
        Carvana Co
        146869102
        
          
          
        
        119728.00000000
        NS
        USD
        14282353.12000000
        0.642002093306
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Opendoor Technologies Inc
        254900KX11YZ4HV5BQ47
        Opendoor Technologies Inc
        683712103
        
          
          
        
        356500.00000000
        NS
        USD
        3083725.00000000
        0.138615667078
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        DANAHER CORP
        S4BKK9OTCEWQ3YHPFM11
        DANAHER CORP
        235851102
        
          
          
        
        87859.00000000
        NS
        USD
        25771680.47000000
        1.158455659984
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Fortinet Inc
        549300O0QJWDBAS0QX03
        Fortinet Inc
        34959E109
        
          
          
        
        44264.00000000
        NS
        USD
        15126779.36000000
        0.679959662984
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Linde PLC
        8945002PAZHZLBGKGF02
        Linde PLC
        000000000
        
          
          
          
        
        19203.00000000
        NS
        USD
        6134014.29000000
        0.275728374831
        Long
        EC
        CORP
        GB
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MICROSOFT CORP
        INR2EJN1ERAN0W5ZP974
        MICROSOFT CORP
        594918104
        
          
          
        
        834892.00000000
        NS
        USD
        257405552.52000000
        11.57056558944
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Lululemon Athletica Inc
        549300D9GZ4BMLDW5T40
        Lululemon Athletica Inc
        550021109
        
          
          
        
        48629.00000000
        NS
        USD
        17760769.67000000
        0.798359430765
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ALPHABET INC
        5493006MHB84DD0ZWV18
        ALPHABET INC-CL C
        02079K107
        
          
          
        
        78468.00000000
        NS
        USD
        219160339.32000000
        9.851415619753
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Atlassian Corp PLC
        549300AGBII4MWBVJY22
        Atlassian Corp PLC
        000000000
        
          
          
          
        
        46521.00000000
        NS
        USD
        13669265.43000000
        0.614443358618
        Long
        EC
        CORP
        AU
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ZENPAYROLL INC PP
        N/A
        ZENPAYROLL INC PP
        000000000
        
          
        
        27971.00000000
        NS
        USD
        804231.70000000
        0.036150796060
        Long
        EC
        CORP
        US
        Y
        
        3
        
          N
          N
          N
        
      
      
        UNITEDHEALTH GROUP INC
        549300GHBMY8T5GXDE41
        UNITEDHEALTH GROUP INC
        91324P102
        
          
          
        
        95656.00000000
        NS
        USD
        48781690.32000000
        2.192772229991
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JD.COM Inc
        N/A
        JD.COM Inc
        000000000
        
          
        
        10119.00000000
        NS
        
        287165.52000000
        0.012908297632
        Long
        EC
        CORP
        HK
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Veeva Systems Inc
        549300YZEXPDB92M2F02
        Veeva Systems Inc
        922475108
        
          
          
        
        26756.00000000
        NS
        USD
        5684579.76000000
        0.255525967942
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Confluent Inc
        254900MRZ83YWUV7SN74
        Confluent Inc
        20717M103
        
          
          
        
        69900.00000000
        NS
        USD
        2865900.00000000
        0.128824275926
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Tesla Inc
        54930043XZGB27CTOV49
        Tesla Inc
        88160R101
        
          
          
        
        74300.00000000
        NS
        USD
        80065680.00000000
        3.599010172212
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Marvell Technology Inc
        N/A
        Marvell Technology Inc
        573874104
        
          
          
        
        137496.00000000
        NS
        USD
        9859838.16000000
        0.443206850103
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cintas Corp
        N/A
        Cintas Corp
        172908105
        
          
          
        
        6801.00000000
        NS
        USD
        2893077.39000000
        0.130045919245
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AMAZON.COM INC
        ZXTILKJKG63JELOEG630
        AMAZON.COM INC
        023135106
        
          
          
        
        74244.00000000
        NS
        USD
        242031727.80000000
        10.87950105901
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SHERWIN-WILLIAMS CO/THE
        Z15BMIOX8DDH0X2OBP21
        SHERWIN-WILLIAMS CO/THE
        824348106
        
          
          
        
        4399.00000000
        NS
        USD
        1098078.38000000
        0.049359416662
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Chipotle Mexican Grill Inc
        N/A
        Chipotle Mexican Grill Inc
        169656105
        
          
          
        
        10441.00000000
        NS
        USD
        16517975.23000000
        0.742494922632
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TSMC
        549300KB6NK5SBD14S87
        Taiwan Semiconductor Manufacturing Co Ltd
        874039100
        
          
          
        
        66040.00000000
        NS
        USD
        6885330.40000000
        0.309500576884
        Long
        EC
        CORP
        TW
        N
        
        1
        
          N
          N
          N
        
      
      
        Humana Inc
        529900YLDW34GJAO4J06
        Humana Inc
        444859102
        
          
          
        
        19209.00000000
        NS
        USD
        8359180.53000000
        0.375751205245
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AstraZeneca PLC
        PY6ZZQWO2IZFZC3IOL08
        AstraZeneca PLC
        046353108
        
          
          
        
        89311.00000000
        NS
        USD
        5924891.74000000
        0.266328165095
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        Walt Disney Co/The
        549300GZKULIZ0WOW665
        Walt Disney Co/The
        254687106
        
          
          
        
        54448.00000000
        NS
        USD
        7468087.68000000
        0.335695937726
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TJX Cos Inc/The
        V167QI9I69W364E2DY52
        TJX Cos Inc/The
        872540109
        
          
          
        
        56106.00000000
        NS
        USD
        3398901.48000000
        0.152783077604
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MongoDB Inc
        549300TPTG69WKWE1Z37
        MongoDB Inc
        60937P106
        
          
          
        
        32434.00000000
        NS
        USD
        14387398.06000000
        0.646723939265
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Paycom Software Inc
        254900LSB0HNJUDC6Q18
        Paycom Software Inc
        70432V102
        
          
          
        
        5077.00000000
        NS
        USD
        1758571.26000000
        0.079049048897
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        DATABRICKS SER H CVT PFD STOCK PP
        N/A
        DATABRICKS SER H CVT PFD STOCK PP
        000000000
        
          
        
        10456.00000000
        NS
        USD
        1734441.28000000
        0.077964388859
        Long
        EP
        CORP
        US
        Y
        
        3
        
          N
          N
          N
        
      
      
        Goldman Sachs Group Inc/The
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group Inc/The
        38141G104
        
          
          
        
        61546.00000000
        NS
        USD
        20316334.60000000
        0.913233921044
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Pinterest Inc
        N/A
        Pinterest Inc
        72352L106
        
          
          
        
        219121.00000000
        NS
        USD
        5392567.81000000
        0.242399819779
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Monolithic Power Systems Inc
        529900TB7O85LSZ1XU31
        Monolithic Power Systems Inc
        609839105
        
          
          
        
        17340.00000000
        NS
        USD
        8421691.20000000
        0.378561105033
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ASML Holding NV
        724500Y6DUVHQD6OXN27
        ASML Holding NV
        000000000
        
          
          
          
        
        27148.00000000
        NS
        USD
        18132963.64000000
        0.815089818667
        Long
        EC
        CORP
        NL
        N
        
        1
        
          N
          N
          N
        
      
      
        Zoetis Inc
        549300HD9Q1LOC9KLJ48
        Zoetis Inc
        98978V103
        
          
          
        
        66833.00000000
        NS
        USD
        12604035.47000000
        0.566560502170
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Affirm Holdings Inc
        N/A
        Affirm Holdings Inc
        00827B106
        
          
          
        
        75814.00000000
        NS
        USD
        3508671.92000000
        0.157717338203
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        NETFLIX INC
        549300Y7VHGU0I7CE873
        NETFLIX INC
        64110L106
        
          
          
        
        75003.00000000
        NS
        USD
        28095373.77000000
        1.262907352942
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TE Connectivity Ltd
        894500ZRIX9K13RHXR17
        TE Connectivity Ltd
        000000000
        
          
          
          
        
        26535.00000000
        NS
        USD
        3475554.30000000
        0.156228677253
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        THERMO FISHER SCIENTIFIC INC
        HCHV7422L5HDJZCRFL38
        THERMO FISHER SCIENTIFIC INC
        883556102
        
          
          
        
        23750.00000000
        NS
        USD
        14027937.50000000
        0.630565927344
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TEXAS INSTRUMENTS INC
        WDJNR2L6D8RWOEB8T652
        TEXAS INSTRUMENTS INC
        882508104
        
          
          
        
        57106.00000000
        NS
        USD
        10477808.88000000
        0.470985080519
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        APPLE INC
        HWUPKR0MPOU8FGXBT394
        APPLE INC
        037833100
        
          
          
        
        1101904.00000000
        NS
        USD
        192403457.44000000
        8.648674444473
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TransUnion
        549300ZS772LUNUMRB03
        TransUnion
        89400J107
        
          
          
        
        35658.00000000
        NS
        USD
        3684897.72000000
        0.165638815255
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ANT INTERNATIONAL
        N/A
        ANT INTERNATIONAL
        000000000
        
          
        
        735429.00000000
        NS
        USD
        2095972.65000000
        0.094215485187
        Long
        EC
        CORP
        KY
        
        Y
        
        3
        
          N
          N
          N
        
      
      
        HCA Healthcare Inc
        529900PH4ZGUH2MNEU89
        HCA Healthcare Inc
        40412C101
        
          
          
        
        46637.00000000
        NS
        USD
        11688164.94000000
        0.525391460030
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MASTERCARD INC
        AR5L2ODV9HN37376R084
        MASTERCARD INC - A
        57636Q104
        
          
          
        
        126470.00000000
        NS
        USD
        45197848.60000000
        2.031675954959
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MARSH & MCLENNAN COS INC
        549300XMP3KDCKJXIU47
        MARSH & MCLENNAN COS
        571748102
        
          
          
        
        27115.00000000
        NS
        USD
        4620938.30000000
        0.207714515718
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Stryker Corp
        5493002F0SC4JTBU5137
        Stryker Corp
        863667101
        
          
          
        
        64313.00000000
        NS
        USD
        17194080.55000000
        0.772886345326
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Advanced Micro Devices Inc
        R2I72C950HOYXII45366
        Advanced Micro Devices Inc
        007903107
        
          
          
        
        219294.00000000
        NS
        USD
        23977605.96000000
        1.077810714345
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      
    
    
      2022-05-25
      T. ROWE PRICE EQUITY SERIES, INC.
      Alan S. Dupski
      Alan S. Dupski
      Treasurer & Vice President
    
  
  XXXX



T.
ROWE
PRICE
Blue
Chip
Growth
Portfolio
March
31,
2022
(Unaudited)
1
Portfolio
of
Investments
Shares
$
Value
(Cost
and
value
in
$000s)
COMMON
STOCKS
99.3%
COMMUNICATION
SERVICES
21.0%
Entertainment
2.9%
Netflix (1)
76,141‌
28,522‌
Sea,
ADR (1)
189,720‌
22,726‌
Spotify
Technology (1)
33,340‌
5,035‌
Walt
Disney (1)
54,448‌
7,468‌
63,751‌
Interactive
Media
&
Services
17.9%
Alphabet,
Class
A (1)
10,034‌
27,908‌
Alphabet,
Class
C (1)
78,834‌
220,183‌
Meta
Platforms,
Class
A (1)
500,460‌
111,282‌
Pinterest,
Class
A (1)
219,121‌
5,393‌
Snap,
Class
A (1)
660,825‌
23,783‌
Tencent
Holdings
(HKD) 
198,400‌
9,145‌
397,694‌
Wireless
Telecommunication
Services
0.2%
T-Mobile
U.S. (1)
42,132‌
5,408‌
5,408‌
Total
Communication
Services
466,853‌
CONSUMER
DISCRETIONARY
21.1%
Automobiles
4.4%
Rivian
Automotive,
Acquisition
Date:
1/19/21
-
7/23/21,
Cost $12,514 (1)(2)
253,609‌
12,104‌
Rivian
Automotive,
Class
A (1)(3)
105,396‌
5,295‌
Tesla (1)
74,300‌
80,066‌
97,465‌
Hotels,
Restaurants
&
Leisure
1.5%
Booking
Holdings (1)
4,992‌
11,724‌
Chipotle
Mexican
Grill (1)
10,441‌
16,518‌
Starbucks 
47,647‌
4,334‌
32,576‌
Internet
&
Direct
Marketing
Retail
11.6%
Amazon.com (1)
74,430‌
242,638‌
DoorDash,
Class
A (1)
121,939‌
14,290‌
JD.com,
Class
A
(HKD) (1)
10,119‌
287‌
257,215‌
Multiline
Retail
0.7%
Dollar
General 
69,783‌
15,536‌
15,536‌
Specialty
Retail
1.4%
Carvana (1)
119,728‌
14,282‌
Ross
Stores 
159,959‌
14,470‌
TJX 
56,106‌
3,399‌
32,151‌
Textiles,
Apparel
&
Luxury
Goods
1.5%
Lululemon
Athletica (1)
48,629‌
17,761‌
Shares
$
Value
(Cost
and
value
in
$000s)
NIKE,
Class
121,598‌
16,362‌
34,123‌
Total
Consumer
Discretionary
469,066‌
FINANCIALS
2.7%
Capital
Markets
2.2%
Charles
Schwab 
133,937‌
11,292‌
Goldman
Sachs
Group 
61,546‌
20,316‌
MSCI 
5,024‌
2,527‌
S&P
Global 
35,431‌
14,533‌
48,668‌
Insurance
0.5%
Chubb 
34,366‌
7,351‌
Marsh
&
McLennan 
27,115‌
4,621‌
11,972‌
Total
Financials
60,640‌
HEALTH
CARE
10.0%
Health
Care
Equipment
&
Supplies
2.8%
Align
Technology (1)
9,708‌
4,232‌
Intuitive
Surgical (1)
114,429‌
34,521‌
Stryker 
64,313‌
17,194‌
Teleflex 
16,737‌
5,939‌
61,886‌
Health
Care
Providers
&
Services
3.1%
HCA
Healthcare 
46,637‌
11,688‌
Humana 
19,209‌
8,359‌
UnitedHealth
Group 
96,407‌
49,165‌
69,212‌
Health
Care
Technology
0.2%
Veeva
Systems,
Class
A (1)
26,756‌
5,684‌
5,684‌
Life
Sciences
Tools
&
Services
1.8%
Danaher 
87,859‌
25,772‌
Thermo
Fisher
Scientific 
23,750‌
14,028‌
39,800‌
Pharmaceuticals
2.1%
AstraZeneca,
ADR 
89,311‌
5,925‌
Eli
Lilly 
101,068‌
28,943‌
Zoetis 
66,833‌
12,604‌
47,472‌
Total
Health
Care
224,054‌
INDUSTRIALS
&
BUSINESS
SERVICES
1.1%
Commercial
Services
&
Supplies
0.1%
Cintas 
6,801‌
2,893‌
2,893‌
Industrial
Conglomerates
0.8%
General
Electric 
70,267‌
6,430‌
Roper
Technologies 
24,245‌
11,449‌
17,879‌
T.
ROWE
PRICE
Blue
Chip
Growth
Portfolio
2
Shares
$
Value
(Cost
and
value
in
$000s)
Professional
Services
0.2%
TransUnion 
35,658‌
3,685‌
3,685‌
Total
Industrials
&
Business
Services
24,457‌
INFORMATION
TECHNOLOGY
43.0%
Electronic
Equipment,
Instruments
&
Components
0.2%
TE
Connectivity 
26,535‌
3,475‌
3,475‌
IT
Services
7.8%
Adyen
(EUR) (1)
1,207‌
2,391‌
Affirm
Holdings (1)(3)
75,814‌
3,509‌
ANT
International,
Class
C,
Acquisition
Date:
6/7/18,
Cost $2,803 (1)(2)(4)
735,429‌
2,096‌
Block,
Class
A (1)
87,121‌
11,814‌
Mastercard,
Class
127,465‌
45,553‌
MongoDB (1)
32,434‌
14,387‌
PayPal
Holdings (1)
119,457‌
13,815‌
Shopify,
Class
A (1)
18,194‌
12,298‌
Snowflake,
Class
A (1)
23,373‌
5,356‌
Twilio,
Class
A (1)
12,438‌
2,050‌
Visa,
Class
269,748‌
59,822‌
173,091‌
Semiconductors
&
Semiconductor
Equipment
6.9%
Advanced
Micro
Devices (1)
219,294‌
23,977‌
ASML
Holding 
27,148‌
18,133‌
Marvell
Technology 
137,496‌
9,860‌
Monolithic
Power
Systems 
17,340‌
8,422‌
NVIDIA 
280,093‌
76,426‌
Taiwan
Semiconductor
Manufacturing,
ADR 
66,040‌
6,885‌
Texas
Instruments 
57,106‌
10,478‌
154,181‌
Software
19.4%
Atlassian,
Class
A (1)
46,521‌
13,669‌
Bill.com
Holdings (1)
60,735‌
13,774‌
Canva,
Acquisition
Date:
8/16/21
-
12/17/21,
Cost $2,456 (1)(2)(4)
1,441‌
1,967‌
Confluent,
Class
A (1)
69,900‌
2,866‌
Crowdstrike
Holdings,
Class
A (1)
11,810‌
2,682‌
Datadog,
Class
A (1)
35,601‌
5,392‌
DocuSign (1)
46,673‌
5,000‌
Fortinet (1)
44,264‌
15,127‌
Gusto,
Acquisition
Date:
10/4/21,
Cost $805 (1)(2)(4)
27,971‌
804‌
HashiCorp,
Class
A (1)(3)
19,425‌
1,049‌
Intuit 
74,170‌
35,664‌
Microsoft 
836,981‌
258,050‌
Paycom
Software (1)
5,077‌
1,758‌
ServiceNow (1)
89,413‌
49,793‌
Synopsys (1)
70,066‌
23,351‌
430,946‌
Shares
$
Value
(Cost
and
value
in
$000s)
Technology
Hardware,
Storage
&
Peripherals
8.7%
Apple 
1,108,779‌
193,604‌
193,604‌
Total
Information
Technology
955,297‌
MATERIALS
0.3%
Chemicals
0.3%
Linde 
19,203‌
6,134‌
Sherwin-Williams 
4,399‌
1,098‌
Total
Materials
7,232‌
REAL
ESTATE
0.1%
Real
Estate
Management
&
Development
0.1%
Opendoor
Technologies,
Class
A (1)
356,500‌
3,084‌
Total
Real
Estate
3,084‌
Total
Common
Stocks
(Cost
$1,078,166)
2,210,683‌
CONVERTIBLE
PREFERRED
STOCKS
0.2%
INFORMATION
TECHNOLOGY
0.2%
Software
0.2%
Canva,
Series
A,
Acquisition
Date:
11/4/21
-
12/17/21,
Cost $157 (1)(2)
(4)
92‌
126‌
Canva,
Series
A-3,
Acquisition
Date:
11/4/21
-
12/17/21,
Cost $17 (1)(2)(4)
10‌
14‌
Databricks,
Series
G,
Acquisition
Date:
2/1/21,
Cost $742 (1)(2)(4)
4,182‌
694‌
Databricks,
Series
H,
Acquisition
Date:
8/31/21,
Cost $2,305 (1)(2)(4)
10,456‌
1,734‌
Gusto,
Series
E,
Acquisition
Date:
7/13/21,
Cost $1,126 (1)(2)(4)
37,063‌
1,126‌
Total
Information
Technology
3,694‌
Total
Convertible
Preferred
Stocks
(Cost
$4,347)
3,694‌
SHORT-TERM
INVESTMENTS
0.8%
Money
Market
Funds
0.8%
T.
Rowe
Price
Government
Reserve
Fund,
0.29% (5)(6)
18,671,644‌
18,672‌
Total
Short-Term
Investments
(Cost
$18,672)
18,672‌
T.
ROWE
PRICE
Blue
Chip
Growth
Portfolio
3
Shares
$
Value
(Cost
and
value
in
$000s)
SECURITIES
LENDING
COLLATERAL
0.2%
INVESTMENTS
IN
A
POOLED
ACCOUNT
THROUGH
SECURITIES
LENDING
PROGRAM
WITH
STATE
STREET
BANK
AND
TRUST
COMPANY
0.2%
Money
Market
Funds
0.2%
T.
Rowe
Price
Government
Reserve
Fund,
0.29% (5)(6)
3,413,617‌
3,414‌
Total
Investments
in
a
Pooled
Account
through
Securities
Lending
Program
with
State
Street
Bank
and
Trust
Company
3,414‌
Total
Securities
Lending
Collateral
(Cost
$3,414)
3,414‌
Total
Investments
in
Securities
100.5%
(Cost
$1,104,599)
$
2,236,463‌
Other
Assets
Less
Liabilities
(0.5)%
(
11,386‌
)
Net
Assets
100.0%
$
2,225,077‌
Shares
are
denominated
in
U.S.
dollars
unless
otherwise
noted.
(1)
Non-income
producing
(2)
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
$20,665
and
represents
0.9%
of
net
assets.
(3)
All
or
a
portion
of
this
security
is
on
loan
at
March
31,
2022.
(4)
Level
3
in
fair
value
hierarchy.
(5)
Seven-day
yield
(6)
Affiliated
Companies
ADR
American
Depositary
Receipts
EUR
Euro
HKD
Hong
Kong
Dollar
T.
ROWE
PRICE
Blue
Chip
Growth
Portfolio
4
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
three
months
ended
March
31,
2022.
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,
0.29%
$
—‌
$
—‌
$
3‌
++
Totals
$
—‌
#
$
—‌
$
3‌
+
Supplementary
Investment
Schedule
Affiliate
Value
12/31/21
Purchase
Cost
Sales
Cost
Value
03/31/22
T.
Rowe
Price
Government
Reserve
Fund,
0.29%
$
14,377‌
¤
¤
$
22,086‌
Total
$
22,086‌
^
#
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
$3
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
$22,086.
T.
ROWE
PRICE
Blue
Chip
Growth
Portfolio
Unaudited
5
Notes
to
Portfolio
of
Investments
T.
Rowe
Price
Blue
Chip
Growth
Portfolio (the
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
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
T.
ROWE
PRICE
Blue
Chip
Growth
Portfolio
6
represent
foreign
securities
and
baskets
of
foreign
securities. The
fund
uses
outside
pricing
services
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.
Valuation
Inputs
  The
following
table
summarizes
the
fund’s
financial
instruments,
based
on
the
inputs
used
to
determine
their
fair
values
on
March
31,
2022
(for
further
detail
by
category,
please
refer
to
the
accompanying
Portfolio
of
Investments):
OTHER
MATTERS 
Unpredictable
events
such
as
environmental
or
natural
disasters,
war,
terrorism,
pandemics,
outbreaks
of
infectious
diseases,
and
similar
public
health
threats
may
significantly
affect
the
economy
and
the
markets
and
issuers
in
which
a
fund
invests.
Certain
events
may
cause
instability
across
global
markets,
including
reduced
liquidity
and
disruptions
in
trading
markets,
while
some
events
may
affect
certain
geographic
regions,
countries,
sectors,
and
industries
more
significantly
than
others,
and
exacerbate
other
pre-existing
political,
social,
and
economic
risks.
Since
2020,
a
novel
strain
of
coronavirus
(COVID-19)
has
resulted
in
disruptions
to
global
business
activity
and
caused
significant
volatility
and
declines
in
global
financial
markets.
In
February
2022,
Russian
forces
entered
Ukraine
and
commenced
an
armed
conflict.
Economic
sanctions
have
since
been
imposed
on
Russia
and
certain
of
its
citizens,
including
the
exclusion
of
Russia
from
the
SWIFT
global
payments
network.
As
a
result, Russian-related
stocks
and
debt
have
since
suffered
significant
declines
in
value.
The
duration
of
the
coronavirus
outbreak
and
the
Russian-Ukraine
conflict,
and
their
effects
on
the
financial
markets,
cannot
be
determined
with
certainty.
The fund’s
performance
could
be
negatively
impacted
if
the
value
of
a
portfolio
holding
were
harmed
by
these
and
such
other
events.
Management
is
actively
monitoring
these
events.
E307-054Q1
03/22 
($000s)
Level
1
Level
2
Level
3
Total
Value
Assets
Common
Stocks
$
2,181,889
$
23,927
$
4,867
$
2,210,683
Convertible
Preferred
Stocks
3,694
3,694
Short-Term
Investments
18,672
18,672
Securities
Lending
Collateral
3,414
3,414
Total
$
2,203,975
$
23,927
$
8,561
$
2,236,463


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