T. Rowe Price Growth Stock Fund Advisor Class (TRSAX) NPORT-P T. Rowe Price Growth Stock Fund, Inc. (Sep 2024 report)

T.

ROWE

PRICE

Growth

Stock

Fund

September

30,

2024

(Unaudited)

1

Portfolio

of

Investments

‡

Shares

$

Value

(Cost

and

value

in

$000s)

‡

COMMON

STOCKS

 96.9%

COMMUNICATION

SERVICES

 13.7%

Entertainment

 2.3%

Netflix (1)

1,192,960‌

846,131‌

Spotify

Technology (1)

921,543‌

339,616‌

1,185,747‌

Interactive

Media

&

Services

 11.4%

Alphabet,

Class

A 

17,653,590‌

2,927,848‌

Alphabet,

Class

C 

1,311,357‌

219,246‌

Meta

Platforms,

Class

A 

4,368,052‌

2,500,448‌

Pinterest,

Class

A (1)

4,814,973‌

155,860‌

5,803,402‌

Total

Communication

Services

6,989,149‌

CONSUMER

DISCRETIONARY

 13.6%

Automobiles

 2.4%

Ferrari 

487,671‌

229,259‌

Rivian

Automotive,

Class

A (1)

3,821,718‌

42,880‌

Tesla (1)

3,653,089‌

955,757‌

1,227,896‌

Broadline

Retail

 8.1%

Amazon.com (1)

20,683,305‌

3,853,920‌

Coupang (1)

10,229,437‌

251,133‌

4,105,053‌

Diversified

Consumer

Services

 0.0%

Think

&

Learn,

Acquisition

Date:

12/23/20

-

1/15/21,

Cost $44,697

(INR) (1)(2)(3)

28,035‌

—‌

—‌

Hotels,

Restaurants

&

Leisure

 2.3%

Booking

Holdings 

60,211‌

253,616‌

Chipotle

Mexican

Grill (1)

9,430,020‌

543,357‌

Starbucks 

3,953,244‌

385,402‌

1,182,375‌

Specialty

Retail

 0.4%

Floor

&

Decor

Holdings,

Class

A (1)

1,847,478‌

229,401‌

229,401‌

Textiles,

Apparel

&

Luxury

Goods

 0.4%

Lululemon

Athletica (1)

661,500‌

179,498‌

179,498‌

Total

Consumer

Discretionary

6,924,223‌

T.

ROWE

PRICE

Growth

Stock

Fund

2

Shares

$

Value

(Cost

and

value

in

$000s)

‡

CONSUMER

STAPLES

 0.5%

Consumer

Staples

Distribution

&

Retail

 0.5%

Dollar

General 

2,843,137‌

240,444‌

Total

Consumer

Staples

240,444‌

FINANCIALS

 6.4%

Capital

Markets

 0.8%

Charles

Schwab 

5,908,806‌

382,950‌

382,950‌

Financial

Services

 5.2%

Fiserv (1)

2,002,985‌

359,836‌

Mastercard,

Class

A 

2,162,210‌

1,067,699‌

Stripe,

Class

B,

Acquisition

Date:

12/17/19,

Cost $23,373 (1)

(2)(3)

1,489,660‌

38,731‌

Visa,

Class

A 

4,381,497‌

1,204,693‌

2,670,959‌

Insurance

 0.4%

Chubb 

721,298‌

208,015‌

208,015‌

Total

Financials

3,261,924‌

HEALTH

CARE

 10.6%

Biotechnology

 1.0%

Argenx,

ADR (1)

769,817‌

417,303‌

Legend

Biotech,

ADR (1)

2,322,022‌

113,152‌

530,455‌

Health

Care

Equipment

&

Supplies

 2.1%

IDEXX

Laboratories (1)

143,710‌

72,605‌

Intuitive

Surgical (1)

1,619,641‌

795,681‌

Stryker 

570,743‌

206,187‌

1,074,473‌

Health

Care

Providers

&

Services

 2.1%

Cigna

Group 

931,781‌

322,806‌

UnitedHealth

Group 

1,295,809‌

757,634‌

1,080,440‌

Life

Sciences

Tools

&

Services

 1.8%

Danaher 

1,976,847‌

549,603‌

Thermo

Fisher

Scientific 

559,329‌

345,984‌

895,587‌

T.

ROWE

PRICE

Growth

Stock

Fund

3

Shares

$

Value

(Cost

and

value

in

$000s)

‡

Pharmaceuticals

 3.6%

Eli

Lilly 

2,053,368‌

1,819,161‌

1,819,161‌

Total

Health

Care

5,400,116‌

INDUSTRIALS

&

BUSINESS

SERVICES

 3.6%

Aerospace

&

Defense

 0.4%

Airbus

(EUR) 

1,233,681‌

180,557‌

180,557‌

Electrical

Equipment

 0.4%

Rockwell

Automation 

794,953‌

213,413‌

213,413‌

Ground

Transportation

 1.9%

Old

Dominion

Freight

Line 

1,792,540‌

356,070‌

Uber

Technologies (1)

7,809,438‌

586,957‌

943,027‌

Industrial

Conglomerates

 0.9%

Roper

Technologies 

790,581‌

439,911‌

439,911‌

Total

Industrials

&

Business

Services

1,776,908‌

INFORMATION

TECHNOLOGY

 47.3%

Communications

Equipment

 0.0%

Magic

Leap,

Class

A,

Acquisition

Date:

1/20/16

-

10/12/17,

Cost $106,867 (1)(2)(3)

219,911‌

—‌

—‌

Electronic

Equipment,

Instruments

&

Components

 1.0%

Amphenol,

Class

A 

922,707‌

60,123‌

Teledyne

Technologies (1)

1,011,700‌

442,781‌

502,904‌

IT

Services

 1.3%

MongoDB (1)

205,565‌

55,575‌

Shopify,

Class

A (1)

7,423,599‌

594,927‌

650,502‌

Semiconductors

&

Semiconductor

Equipment

 11.8%

Advanced

Micro

Devices (1)

2,289,616‌

375,680‌

ASML

Holding 

553,956‌

461,584‌

NVIDIA 

42,465,758‌

5,157,042‌

5,994,306‌

Software

 19.8%

Adobe (1)

668,084‌

345,920‌

T.

ROWE

PRICE

Growth

Stock

Fund

4

Shares

$

Value

(Cost

and

value

in

$000s)

‡

AppLovin,

Class

A (1)

1,475,100‌

192,574‌

Atlassian,

Class

A (1)

1,238,019‌

196,610‌

Autodesk (1)

1,143,137‌

314,911‌

Canva,

Acquisition

Date:

12/17/21

-

12/22/21,

Cost $60,709 (1)

(2)(3)

35,624‌

39,575‌

Celonis,

Acquisition

Date:

6/17/21,

Cost $30,297 (1)(2)(3)

81,931‌

14,695‌

Dynatrace (1)

4,610,317‌

246,514‌

Epic

Games,

Acquisition

Date:

6/18/20

-

3/29/21,

Cost $163,800 (1)(2)(3)

252,548‌

160,901‌

HubSpot (1)

485,978‌

258,346‌

Intuit 

1,051,125‌

652,749‌

Microsoft 

14,596,530‌

6,280,887‌

Salesforce 

577,567‌

158,086‌

ServiceNow (1)

975,879‌

872,816‌

Synopsys (1)

694,423‌

351,649‌

10,086,233‌

Technology

Hardware,

Storage

&

Peripherals

 13.4%

Apple 

29,271,481‌

6,820,255‌

6,820,255‌

Total

Information

Technology

24,054,200‌

MATERIALS

 0.6%

Chemicals

 0.6%

Linde 

674,404‌

321,596‌

Total

Materials

321,596‌

REAL

ESTATE

 0.2%

Industrial

Real

Estate

Investment

Trusts

 0.2%

Lineage,

REIT 

1,370,167‌

107,394‌

Total

Real

Estate

107,394‌

Total

Miscellaneous

Common

Stocks

 0.4% (4)

210,961‌

Total

Common

Stocks

(Cost

$17,503,947)

49,286,915‌

CONVERTIBLE

PREFERRED

STOCKS

 2.4%

COMMUNICATION

SERVICES

 1.2%

Interactive

Media

&

Services

 1.2%

ByteDance,

Series

E,

Acquisition

Date:

7/8/19,

Cost $107,809 (1)(2)(3)

2,187,317‌

600,331‌

Total

Communication

Services

600,331‌

T.

ROWE

PRICE

Growth

Stock

Fund

5

Shares

$

Value

(Cost

and

value

in

$000s)

‡

CONSUMER

DISCRETIONARY

 0.0%

Diversified

Consumer

Services

 0.0%

Think

&

Learn,

Series

F,

Acquisition

Date:

12/23/20

-

4/29/21,

Cost $125,207

(INR) (1)(2)(3)

38,994‌

—‌

Total

Consumer

Discretionary

—‌

INFORMATION

TECHNOLOGY

 0.7%

Software

 0.7%

Canva,

Series

A,

Acquisition

Date:

12/17/21,

Cost $2,399 (1)

(2)(3)

1,408‌

1,564‌

Canva,

Series

A-3,

Acquisition

Date:

12/17/21,

Cost $995 (1)

(2)(3)

584‌

649‌

Canva,

Series

A-4,

Acquisition

Date:

12/17/21,

Cost $99 (1)(2)

(3)

58‌

65‌

Celonis,

Series

D,

Acquisition

Date:

6/17/21

-

10/4/22,

Cost $90,023 (1)(2)(3)

243,443‌

43,664‌

Databricks,

Series

I,

Acquisition

Date:

9/14/23,

Cost $113,591 (1)(2)(3)

1,545,458‌

135,027‌

Formagrid,

Series

F,

Acquisition

Date:

12/8/21,

Cost $77,826 (1)(2)(3)

415,548‌

19,971‌

GM

Cruise

Holdings,

Class

F,

Acquisition

Date:

5/7/19,

Cost $84,045 (1)(2)(3)

4,605,200‌

26,894‌

GM

Cruise

Holdings,

Class

G,

Acquisition

Date:

1/21/21,

Cost $69,011 (1)(2)(3)

2,619,004‌

15,295‌

Nuro,

Series

C,

Acquisition

Date:

10/30/20

-

3/2/21,

Cost $90,269 (1)(2)(3)

6,914,757‌

28,281‌

Nuro,

Series

D,

Acquisition

Date:

10/29/21,

Cost $33,950 (1)

(2)(3)

1,628,640‌

6,661‌

Rappi,

Series

E,

Acquisition

Date:

9/8/20

-

9/24/20,

Cost $79,903 (1)(2)(3)

1,337,376‌

30,385‌

Waymo,

Series

A-2,

Acquisition

Date:

5/8/20,

Cost $55,003 (1)

(2)(3)

640,558‌

51,373‌

Total

Information

Technology

359,829‌

MATERIALS

 0.5%

Chemicals

 0.4%

Redwood

Materials,

Series

C,

Acquisition

Date:

5/28/21,

Cost $72,936 (1)(2)(3)

1,538,629‌

79,270‌

Redwood

Materials,

Series

D,

Acquisition

Date:

6/17/22

-

6/2/23,

Cost $50,290 (1)(2)(3)

1,065,590‌

54,899‌

Sila

Nano,

Series

F,

Acquisition

Date:

1/7/21,

Cost $54,505 (1)

(2)(3)

1,320,595‌

25,823‌

Sila

Nano,

Series

G,

Acquisition

Date:

6/26/24,

Cost $40,466 (1)(2)(3)

2,464,915‌

40,466‌

200,458‌

T.

ROWE

PRICE

Growth

Stock

Fund

6

Shares

$

Value

(Cost

and

value

in

$000s)

‡

Metals

&

Mining

 0.1%

Kobold

Metals,

Series

C-1,

Acquisition

Date:

9/20/24,

Cost $50,022 (1)(2)(3)

588,819‌

50,022‌

50,022‌

Total

Materials

250,480‌

Total

Convertible

Preferred

Stocks

(Cost

$1,198,349)

1,210,640‌

PREFERRED

STOCKS

 0.4%

HEALTH

CARE

 0.4%

Life

Sciences

Tools

&

Services

 0.4%

Sartorius

(EUR) 

676,960‌

190,347‌

Total

Health

Care

190,347‌

Total

Preferred

Stocks

(Cost

$247,683)

190,347‌

SHORT-TERM

INVESTMENTS

 0.4%

Money

Market

Funds

 0.4%

T.

Rowe

Price

Government

Reserve

Fund,

4.97% (5)(6)

208,732,717‌

208,733‌

Total

Short-Term

Investments

(Cost

$208,733)

208,733‌

Total

Investments

in

Securities

 100.1%

(Cost

$19,158,712)

$

50,896,635‌

Other

Assets

Less

Liabilities

(0.1)%

(43,248‌)

Net

Assets

100.0%

$

50,853,387‌

‡

Shares

are

denominated

in

U.S.

dollars

unless

otherwise

noted.

(1)

Non-income

producing

(2)

Level

3

in

fair

value

hierarchy.

(3)

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

may

have

registration

rights

for

certain

restricted

securities.

Any

costs

related

to

such

registration

are

generally

borne

by

the

issuer.

The

aggregate

value

of

restricted

securities

(excluding

144A

holdings)

at

period

end

amounts

to

$1,464,542

and

represents

2.9%

of

net

assets.

(4)

The

identity

of

certain

securities

has

been

concealed

to

protect

the

fund

while

it

completes

a

purchase

or

selling

program

for

the

securities.

(5)

Seven-day

yield

(6)

Affiliated

Companies

ADR

American

Depositary

Receipts

EUR

Euro

T.

ROWE

PRICE

Growth

Stock

Fund

7

.

.

.

.

.

.

.

.

.

.

INR

Indian

Rupee

REIT

A

domestic

Real

Estate

Investment

Trust

whose

distributions

pass-through

with

original

tax

character

to

the

shareholder

T.

ROWE

PRICE

Growth

Stock

Fund

8

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

nine

months

ended

September

30,

2024.

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,

4.97%

$

—‌

$

—‌

$

7,070‌++

Totals

$

—‌#

$

—‌

$

7,070‌+

Supplementary

Investment

Schedule

Affiliate

Value

12/31/23

Purchase

Cost

Sales

Cost

Value

09/30/24

T.

Rowe

Price

Government

Reserve

Fund,

4.97%

$

966,961‌

 ¤

 ¤

$

208,733‌

Total

$

208,733‌^

#

Capital

gain

distributions

from

underlying

Price

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

$7,070

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

$208,733.

T.

ROWE

PRICE

Growth

Stock

Fund

Unaudited

Notes

to

the

Portfolio

of

Investments

9

T.

Rowe

Price

Growth

Stock

Fund,

Inc. (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 fund’s

Board

of

Directors

(the

Board)

has

designated

T.

Rowe

Price

Associates,

Inc.

as

the

fund’s

valuation

designee

(Valuation

Designee).

Subject

to

oversight

by

the

Board,

the

Valuation

Designee

performs

the

following

functions

in

performing

fair

value

determinations:

assesses

and

manages

valuation

risks;

establishes

and

applies

fair

value

methodologies;

tests

fair

value

methodologies;

and

evaluates

pricing

vendors

and

pricing

agents.

The

duties

and

responsibilities

of

the

Valuation

Designee

are

performed

by

its

Valuation

Committee. The

Valuation

Designee 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)

T.

ROWE

PRICE

Growth

Stock

Fund

10

Level

3

–

unobservable

inputs

(including

the Valuation

Designee’s 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 Valuation

Designee

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

Valuation

Designee uses

information

from

outside

pricing

services

to

evaluate

the

quoted

prices

of

portfolio

securities

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

represent

foreign

securities

and

baskets

of

foreign

securities. The Valuation

Designee

uses

outside

pricing

services

to

provide

it

with

quoted

prices

and

information

to

evaluate

or

adjust

T.

ROWE

PRICE

Growth

Stock

Fund

11

those

prices.

The Valuation

Designee

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 are

not

readily

available

or

deemed

unreliable

are

valued

at

fair

value

as

determined

in

good

faith

by

the

Valuation

Designee.

The

Valuation

Designee

has

adopted

methodologies

for

determining

the

fair

value

of

investments

for

which

market

quotations

are

not

readily

available

or

deemed

unreliable,

including

the

use

of

other

pricing

sources.

Factors

used

in

determining

fair

value

vary

by

type

of

investment

and

may

include

market

or

investment

specific

considerations.

The

Valuation

Designee 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

Designee 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.

Because

any

fair

value

determination

involves

a

significant

amount

of

judgment,

there

is

a

degree

of

subjectivity

inherent

in

such

pricing

decisions. Fair

value

prices

determined

by

the

Valuation

Designee could

differ

from

those

of

other

market

participants,

and

it

is

possible

that

the

fair

value

determined

for

a

security

may

be

materially

different

from

the

value

that

could

be

realized

upon

the

sale

of

that

security.

T.

ROWE

PRICE

Growth

Stock

Fund

12

Valuation

Inputs

  The

following

table

summarizes

the

fund’s

financial

instruments,

based

on

the

inputs

used

to

determine

their

fair

values

on

September

30,

2024

(for

further

detail

by

category,

please

refer

to

the

accompanying

Portfolio

of

Investments):

Following

is

a

reconciliation

of

the

fund’s

Level

3

holdings

for

the

period ended

September

30,

2024.

Gain

(loss)

reflects

both

realized

and

change

in

unrealized

gain/loss

on

Level

3

holdings

during

the

period,

if

any.

The

change

in

unrealized

gain/loss

on

Level

3

instruments

held

at

September

30,

2024,

totaled $132,186,000 for

the

period ended

September

30,

2024.

OTHER

MATTERS 

Unpredictable environmental,

political,

social

and

economic

events,

including

but

not

limited

to,

environmental

or

natural

disasters,

war

and

conflict

(including

Russia’s

military

invasion

of

Ukraine

and

the

conflict

in

Israel,

Gaza

and

surrounding

areas),

terrorism,

geopolitical

developments

(including

trading

and

tariff

arrangements,

sanctions

and

cybersecurity

attacks),

and

public

health

epidemics

(including

the

global

outbreak

of

COVID-19)

and

similar

public

health

threats,

may

significantly

affect

the

economy

and

the

markets

and

issuers

in

($000s)

Level

1

Level

2

Level

3

Total

Value

Assets

Common

Stocks

$

48,852,456‌

$

180,557‌

$

253,902‌

$

49,286,915‌

Convertible

Preferred

Stocks

—‌

—‌

1,210,640‌

1,210,640‌

Preferred

Stocks

—‌

190,347‌

—‌

190,347‌

Short-Term

Investments

208,733‌

—‌

—‌

208,733‌

Total

$

49,061,189‌

$

370,904‌

$

1,464,542‌

$

50,896,635‌

($000s)

Beginning

Balance

12/31/23

Gain

(Loss)

During

Period

Total

Purchases

Total

Sales

Ending

Balance

9/30/24

Investment

in

Securities

Common

Stocks

$

282,421‌

$

35,319‌

$

—‌

$

(63,838‌)

$

253,902‌

Convertible

Preferred

Stocks

1,021,958‌

98,194‌

90,488‌

—‌

1,210,640‌

Total

$

1,304,379‌

$

133,513‌

$

90,488‌

$

(63,838‌)

$

1,464,542‌

T.

ROWE

PRICE

Growth

Stock

Fund

13

which

a

fund

invests.

The

extent

and

duration

of

such

events

and

resulting

market

disruptions

cannot

be

predicted.

These

and

other

similar

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.

The

fund’s

performance

could

be

negatively

impacted

if

the

value

of

a

portfolio

holding

were

harmed

by

these

or

such

events.

Management

actively

monitors

the

risks

and

financial

impacts

arising

from

such

events.

F40-054Q3

09/24