T. Rowe Price Blue Chip Growth Fund Advisor Class
PABGX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Mar 31, 2000
- CIK
- 0000902259
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Blue Chip Growth Fund Advisor Class (PABGX) is an open-end mutual fund that seeks long-term capital growth through investment in a portfolio of common stocks of large- and medium-cap blue chip growth companies with leading market positions, seasoned management, strong financial fundamentals, and potential for above-average earnings growth; income is a secondary objective. The fund normally invests at least 80% of its net assets in these common stocks, with a portfolio heavily weighted toward technology (41%), consumer cyclical (16%), and communication services (15%) sectors, including top holdings such as Microsoft Corp., NVIDIA Corp., Apple Inc., Amazon.com Inc., and Alphabet Inc., which comprise approximately 45%-65% of assets; it maintains low turnover of 16% and a net expense ratio of 0.95%. Launched on March 31, 2000, as part of T. Rowe Price Group, Inc., a global investment management firm founded in 1937 and headquartered in Baltimore, Maryland, the fund operates primarily in the U.S. market with minor exposure to Europe, Asia, and Canada, targeting individual and institutional investors in the large growth category. Managed by Paul Greene since October 2021, PABGX has approximately $1.15-$1.34 billion in share class assets and $61.71-$69.54 billion in total net assets, with a minimum initial investment of $2,500. Recent portfolio adjustments post-2022 bear market include a tighter focus on moderating stylistic tilts toward high-growth stocks, enhanced consideration of moderate-growth names for ballast, and strong stock selection in names like Meta Platforms, Carvana, and NVIDIA, contributing to top-quartile performance in 2023, 2024, and through mid-2025 versus the Russell 1000 Growth Index. At the parent company level, T. Rowe Price Group pursued strategic inorganic growth with the $7.5 billion acquisition of Oak Hill Advisors in early 2025 to expand alternative credit capabilities, launched new transparent active equity ETFs in March 2025 amid industry shifts toward passive products, and announced a multi-year collaboration with Goldman Sachs in October 2025 to enable new product launches by mid-2026. These initiatives reflect T. Rowe Price's adaptation to evolving client demands for diversified offerings, with assets under management reaching $1.79 trillion by November 2025.