- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Dec 31, 2001
- Business
- T. Rowe Price Growth Stock Fund Advisor Class (TRSAX) is an open-end mutual fund that seeks long-term capital growth through investments primarily in the common stocks of growth companies; it normally invests at least 80% of its net assets in a diversified portfolio of large-cap growth stocks, with top holdings including Apple Inc., Microsoft Corp., NVIDIA Corp., Amazon.com Inc., and Alphabet Inc.; the fund emphasizes sectors such as technology (46.34%), consumer cyclical (13.99%), and communication services (13.68%), with 93.71% allocated to U.S. stocks. Launched on December 31, 2001, as part of T. Rowe Price Group, Inc., a global investment management firm founded in 1937 and headquartered in Baltimore, Maryland, TRSAX targets individual and institutional investors in the United States, with a minimum initial investment of $2,500, a net expense ratio of 0.91%, and total net assets of approximately $48.54 billion across the fund family. The Advisor Class shares are available without front-end or deferred loads and cater to financial intermediaries and qualified investors.
Recent portfolio adjustments include increased positions in AI-related long-term winners and aerospace opportunities, alongside new holdings such as Broadcom Inc., Natera Inc., Keysight Technologies Inc., and Duolingo Inc.; selling activity focused on managing position sizes relative to the reconstituted benchmark. In January 2025, James Stillwagon joined as co-portfolio manager alongside Joseph Fath, with Stillwagon assuming lead responsibility effective May 1, 2025, and Fath departing the fund on August 1, 2025, ahead of the original schedule. At the firm level, T. Rowe Price expanded its strategic partnership with Charles River Development in December 2025 by migrating to the SaaS-deployed Charles River Investment Management Solution to support growth and innovation; additionally, in late 2025, it initiated a multi-year collaboration with Goldman Sachs Asset Management, launching co-branded model portfolios and planning further product offerings by mid-2026.