T. Rowe Price Institutional Large Cap Core Growth Fund
TPLGX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Oct 1, 2003
- CIK
- 0001012968
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Institutional Large-Cap Core Growth Fund (TPLGX) is an open-end mutual fund that seeks long-term capital growth through investments primarily in the common stocks of large-cap growth companies exhibiting leading market positions, seasoned management teams, strong financial conditions, above-average growth and profitability; the fund normally invests in approximately 100 to 130 such growth-oriented blue-chip companies with broadly diversified sector exposure to minimize volatility. Key holdings as of the latest reporting include NVIDIA Corp (15.21%), Microsoft Corp (14.24%), Apple Inc (7.53%), Amazon.com Inc (7.31%), and Meta Platforms Inc (6.77%), representing 51.06% of the portfolio, with top sector allocations in technology (48.00%), consumer cyclical (16.07%), and communication services (14.88%); the fund maintains 94.92% exposure to U.S. stocks, 3.34% to non-U.S. stocks, and minimal cash and bond holdings. Managed by Paul Greene since October 2021, the fund features a net expense ratio of 0.56%, a portfolio turnover rate of approximately 15-18%, total net assets of around $3.10 billion, and a minimum initial investment of $1,000,000, targeting institutional investors in the large growth category. Launched on September 30, 2003, the fund operates from the headquarters of its advisor, T. Rowe Price Associates, Inc., in Baltimore, Maryland, with the broader firm founded in 1937 and serving clients across 55 countries through 17 international offices. Geographically, the fund focuses predominantly on U.S.-listed equities while maintaining minor allocations to developed markets in Asia, Europe, and Canada. In recent developments, T. Rowe Price, as the fund's investment manager, announced a strategic collaboration with Goldman Sachs Asset Management in September 2025, involving up to $1 billion in open-market purchases of T. Rowe Price common stock and the creation of innovative public-private investment solutions, including co-branded target-date strategies incorporating private markets from Goldman Sachs, T. Rowe Price, and OHA, with launches planned for mid-2026; this partnership also encompasses multi-asset offerings blending private equity, private credit, private infrastructure, and public equities. Additionally, on December 15, 2025, the firms debuted their first joint co-branded model portfolios via GeoWealth, tailored for mass-affluent and high-net-worth clients, leveraging T. Rowe Price's active management expertise and Goldman Sachs' multi-asset solutions, marking the initial phase of expanded product offerings in the wealth channel. These alliances enhance the firm's capacity to integrate private market alternatives into retirement and wealth strategies, potentially benefiting funds like TPLGX through broader innovation and client access, amid ongoing portfolio adjustments such as selective investments in AI enablers like Oracle.