N-Q 1 d228833dnq.htm ALLIANCEBERNSTEIN CORE OPPORTUNITIES FUND, INC. AllianceBernstein Core Opportunities Fund, Inc.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-09687

ALLIANCEBERNSTEIN CORE OPPORTUNITIES FUND, INC.

(Exact name of registrant as specified in charter)

1345 Avenue of the Americas, New York, New York 10105

(Address of principal executive offices) (Zip code)

Joseph J. Mantineo

AllianceBernstein L.P.

1345 Avenue of the Americas

New York, New York 10105

(Name and address of agent for service)

Registrant’s telephone number, including area code: (800) 221-5672

Date of fiscal year end: November 30, 2011

Date of reporting period: August 31, 2011

 

 

 


ITEM 1. SCHEDULE OF INVESTMENTS.


AllianceBernstein Core Opportunities Fund

Portfolio of Investments

August 31, 2011 (unaudited)

 

Company

   Shares      U.S. $ Value  

COMMON STOCKS - 99.5%

     

Information Technology - 24.3%

     

Communications Equipment - 1.4%

     

ADTRAN, Inc.

     43,100       $ 1,338,686   
     

 

 

 

Computers & Peripherals - 4.5%

     

Apple, Inc.(a)

     11,430         4,398,607   
     

 

 

 

Internet Software & Services - 2.2%

     

Google, Inc. - Class A(a)

     3,950         2,136,792   
     

 

 

 

IT Services - 1.8%

     

Accenture PLC

     16,511         884,825   

VeriFone Systems, Inc.(a)

     25,320         891,770   
     

 

 

 
        1,776,595   
     

 

 

 

Semiconductors & Semiconductor Equipment - 1.8%

     

Marvell Technology Group Ltd.(a)

     136,826         1,799,262   
     

 

 

 

Software - 12.6%

     

Activision Blizzard, Inc.

     72,090         853,545   

Aspen Technology, Inc.(a)

     98,400         1,652,136   

Informatica Corp.(a)

     39,700         1,658,666   

MICROS Systems, Inc.(a)

     35,900         1,710,994   

Microsoft Corp.

     117,600         3,128,160   

Oracle Corp.

     52,900         1,484,903   

TIBCO Software, Inc.(a)

     84,200         1,884,396   
     

 

 

 
        12,372,800   
     

 

 

 
        23,822,742   
     

 

 

 

Industrials - 20.0%

     

Aerospace & Defense - 4.3%

     

L-3 Communications Holdings, Inc.

     18,800         1,275,016   

Raytheon Co.

     67,000         2,896,410   
     

 

 

 
        4,171,426   
     

 

 

 

Air Freight & Logistics - 1.4%

     

United Parcel Service, Inc. - Class B

     20,100         1,354,539   
     

 

 

 

Construction & Engineering - 1.0%

     

Fluor Corp.

     15,500         941,160   
     

 

 

 

Electrical Equipment - 1.7%

     

AMETEK, Inc.

     43,740         1,709,359   
     

 

 

 

Industrial Conglomerates - 2.6%

     

Danaher Corp.

     56,700         2,597,427   
     

 

 

 

Machinery - 8.1%

     

Actuant Corp. - Class A

     65,654         1,318,332   

Deere & Co.

     9,300         751,626   

Dover Corp.

     15,690         902,489   

Gardner Denver, Inc.

     22,600         1,780,654   

IDEX Corp.

     42,900         1,595,022   

Middleby Corp.(a)

     11,300         910,385   

Valmont Industries, Inc.

     7,300         675,469   
     

 

 

 
        7,933,977   
     

 

 

 


Company

   Shares      U.S. $ Value  

Professional Services - 0.9%

     

Robert Half International, Inc.

     35,300       $ 844,376   
     

 

 

 
        19,552,264   
     

 

 

 

Health Care - 14.8%

     

Biotechnology - 6.6%

     

Amgen, Inc.

     66,800         3,701,054   

Gilead Sciences, Inc.(a)

     70,300         2,803,915   
     

 

 

 
        6,504,969   
     

 

 

 

Health Care Equipment & Supplies - 1.9%

     

Baxter International, Inc.

     33,000         1,847,340   
     

 

 

 

Health Care Providers & Services - 3.7%

     

UnitedHealth Group, Inc.

     76,330         3,627,202   
     

 

 

 

Life Sciences Tools & Services - 2.6%

     

Agilent Technologies, Inc.(a)

     25,300         932,811   

Covance, Inc.(a)

     31,800         1,576,008   
     

 

 

 
        2,508,819   
     

 

 

 
        14,488,330   
     

 

 

 

Energy - 13.2%

     

Energy Equipment & Services - 5.4%

     

Halliburton Co.

     43,200         1,916,784   

Helmerich & Payne, Inc.

     11,600         661,432   

National Oilwell Varco, Inc.

     27,100         1,791,852   

Oceaneering International, Inc.

     21,600         922,104   
     

 

 

 
        5,292,172   
     

 

 

 

Oil, Gas & Consumable Fuels - 7.8%

     

Chevron Corp.

     27,100         2,680,461   

Exxon Mobil Corp.

     22,300         1,651,092   

Newfield Exploration Co.(a)

     32,300         1,648,915   

Noble Energy, Inc.

     18,500         1,634,660   
     

 

 

 
        7,615,128   
     

 

 

 
        12,907,300   
     

 

 

 

Financials - 10.2%

     

Capital Markets - 0.9%

     

BlackRock, Inc. - Class A

     5,400         889,650   
     

 

 

 

Commercial Banks - 1.5%

     

Wells Fargo & Co.

     57,800         1,508,580   
     

 

 

 

Diversified Financial Services - 2.9%

     

JPMorgan Chase & Co.

     74,100         2,783,196   
     

 

 

 

Insurance - 4.9%

     

ACE Ltd.

     24,100         1,556,378   

Axis Capital Holdings Ltd.

     47,467         1,360,404   

MetLife, Inc.

     55,441         1,862,818   
     

 

 

 
        4,779,600   
     

 

 

 
        9,961,026   
     

 

 

 

 


Company

   Shares      U.S. $ Value  

Consumer Discretionary - 7.0%

     

Auto Components - 0.9%

     

Autoliv, Inc.

     15,900       $ 887,538   
     

 

 

 

Automobiles - 1.5%

     

Harley-Davidson, Inc.

     37,200         1,438,152   
     

 

 

 

Internet & Catalog Retail - 0.9%

     

Liberty Media Corp. - Interactive(a)

     53,772         850,673   
     

 

 

 

Leisure Equipment & Products - 0.7%

     

Mattel, Inc.

     26,700         717,429   
     

 

 

 

Media - 3.0%

     

Comcast Corp. - Class A

     104,500         2,247,795   

Interpublic Group of Cos., Inc. (The)

     76,500         660,195   
     

 

 

 
        2,907,990   
     

 

 

 
        6,801,782   
     

 

 

 

Consumer Staples - 6.7%

     

Food & Staples Retailing - 1.9%

     

CVS Caremark Corp.

     52,300         1,878,093   
     

 

 

 

Tobacco - 4.8%

     

Lorillard, Inc.

     28,930         3,223,381   

Philip Morris International, Inc.

     21,500         1,490,380   
     

 

 

 
        4,713,761   
     

 

 

 
        6,591,854   
     

 

 

 

Materials - 3.3%

     

Chemicals - 3.3%

     

CF Industries Holdings, Inc.

     9,150         1,672,803   

Potash Corp. of Saskatchewan, Inc.

     27,300         1,582,854   
     

 

 

 
        3,255,657   
     

 

 

 

Total Common Stocks
(cost $90,241,973)

        97,380,955   
     

 

 

 

SHORT-TERM INVESTMENTS - 0.8%

     

Investment Companies - 0.8%

     

AllianceBernstein Fixed-Income Shares, Inc.-
Government STIF Portfolio, 0.09%(b)
(cost $784,082)

     784,082         784,082   
     

 

 

 

Total Investments - 100.3%
(cost $91,026,055)(c)

        98,165,037   

Other assets less liabilities - (0.3)%

        (307,466
     

 

 

 

Net Assets - 100.0%

      $ 97,857,571   
     

 

 

 

 

(a) Non-income producing security.
(b) Investment in affiliated money market mutual fund. The rate shown represents the 7-day yield as of period end.
(c) As of August 31, 2011, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $10,556,612 and gross unrealized depreciation of investments was $(3,417,630), resulting in net unrealized appreciation of $7,138,982.


Please note: The sector classifications presented herein are based on the Global Industry Classification Standard (GICS) which was developed by Morgan Stanley Capital International and Standard & Poor’s. The components are divided into sector, industry group, and industry sub-indices as classified by the GICS for each of the market capitalization indices in the broad market.


AllianceBernstein Core Opportunities Fund

August 31, 2011 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The U.S. GAAP disclosure requirements establish a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

 

   

Level 1—quoted prices in active markets for identical investments

   

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

   

Level 3—significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of August 31, 2011:

 

Investments in Securities:

   Level 1     Level 2     Level 3     Total  

Assets:

        

Common Stocks

   $     97,380,955      $             – 0  –    $             – 0  –    $     97,380,955   

Short-Term Investments

     784,082        – 0  –      – 0  –      784,082   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total Investments in Securities

     98,165,037        – 0  –      – 0  –      98,165,037   

Other Financial Instruments*

     – 0  –      – 0  –      – 0  –      – 0  – 
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ 98,165,037      $ – 0  –    $ – 0  –    $ 98,165,037   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.


ITEM 2. CONTROLS AND PROCEDURES.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective at the reasonable assurance level based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no significant changes in the registrant’s internal control over financial reporting that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

 

ITEM 3. EXHIBITS.

The following exhibits are attached to this Form N-Q:

 

EXHIBIT NO.

 

DESCRIPTION OF EXHIBIT

11 (a) (1)   Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
11 (a) (2)   Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant): AllianceBernstein Core Opportunities Fund, Inc.

 

By:   /s/    Robert M. Keith
  Robert M. Keith
  President
Date:   October 25, 2011

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:   /s/    Robert M. Keith
  Robert M. Keith
  President
Date:   October 25, 2011
By:   /s/    Joseph J. Mantineo
  Joseph J. Mantineo
  Treasurer and Chief Financial Officer
Date:   October 25, 2011