NPORT-EX 2 NPORT_64B1_51036415_0223.htm HTML

AB Core Opportunities Fund, Inc.

Portfolio of Investments

February 28, 2023 (unaudited)

 

Company    Shares        U.S. $ Value  

COMMON STOCKS – 97.2%

 

Information Technology – 25.9%

 

Communications Equipment – 4.8%

 

Arista Networks, Inc.(a)

      21,997        $ 3,050,984  

Cisco Systems, Inc.

      56,650          2,742,993  

Motorola Solutions, Inc.

      7,788          2,046,764  
       

 

 

  
          7,840,741  
       

 

 

  

Electronic Equipment, Instruments & Components – 1.2%

 

Keysight Technologies, Inc.(a)

      12,550          2,007,498  
       

 

 

  

IT Services – 6.8%

 

EPAM Systems, Inc.(a)

      8,300          2,553,495  

PayPal Holdings, Inc.(a)

      29,730          2,188,128  

Visa, Inc. - Class A

      29,088          6,397,615  
       

 

 

  
          11,139,238  
       

 

 

  

Semiconductors & Semiconductor Equipment – 2.1%

 

QUALCOMM, Inc.

      18,372          2,269,493  

Taiwan Semiconductor Manufacturing Co., Ltd. (Sponsored ADR)

      14,170          1,233,782  
       

 

 

  
          3,503,275  
       

 

 

  

Software – 11.0%

 

Cadence Design Systems, Inc.(a)

      8,000          1,543,520  

Fortinet, Inc.(a)

      65,615          3,900,156  

Manhattan Associates, Inc.(a)

      4,326          621,862  

Microsoft Corp.

      25,030          6,242,982  

Roper Technologies, Inc.

      7,200          3,097,440  

ServiceNow, Inc.(a)

      2,180          942,131  

Synopsys, Inc.(a)

      4,910          1,786,062  
       

 

 

  
          18,134,153  
       

 

 

  
                42,624,905  
       

 

 

  

Health Care – 19.3%

 

Biotechnology – 6.1%

 

Genmab A/S (Sponsored ADR)(a)

      66,351          2,492,144  

Regeneron Pharmaceuticals, Inc.(a)

      3,982          3,027,992  

Vertex Pharmaceuticals, Inc.(a)

      15,260          4,429,825  
       

 

 

  
          9,949,961  
       

 

 

  

Health Care Equipment & Supplies – 2.2%

 

IDEXX Laboratories, Inc.(a)

      7,638          3,614,607  
       

 

 

  

Health Care Providers & Services – 5.2%

 

UnitedHealth Group, Inc.

      17,836          8,488,866  
       

 

 

  

Health Care Technology – 1.3%

 

Veeva Systems, Inc. - Class A(a)

      13,406          2,220,838  
       

 

 

  

Life Sciences Tools & Services – 1.8%

 

PerkinElmer, Inc.

      11,532          1,436,541  

Waters Corp.(a)

      4,660          1,448,748  
       

 

 

  
          2,885,289  
       

 

 

  

 

1

Company    Shares        U.S. $ Value  

Pharmaceuticals – 2.7%

 

Roche Holding AG (Sponsored ADR)

      124,580        $ 4,491,109  
       

 

 

  
                31,650,670  
       

 

 

  

Financials – 14.2%

 

Banks – 6.1%

 

Bank OZK

      49,640          2,284,929  

JPMorgan Chase & Co.

      33,510          4,803,659  

Wells Fargo & Co.

      62,620          2,928,737  
       

 

 

  
          10,017,325  
       

 

 

  

Capital Markets – 3.5%

 

Houlihan Lokey, Inc.

      20,470          1,958,979  

MSCI, Inc.

      4,890          2,553,314  

Nasdaq, Inc.

      21,790          1,221,547  
       

 

 

  
          5,733,840  
       

 

 

  

Diversified Financial Services – 3.2%

 

Berkshire Hathaway, Inc. - Class B(a)

      17,350          5,294,873  
       

 

 

  

Insurance – 1.4%

 

Axis Capital Holdings Ltd.

      37,738          2,291,451  
       

 

 

  
          23,337,489  
       

 

 

  

Industrials – 12.2%

 

Aerospace & Defense – 2.8%

 

Raytheon Technologies Corp.

      23,814          2,335,915  

Textron, Inc.

      31,773          2,304,496  
       

 

 

  
          4,640,411  
       

 

 

  

Airlines – 0.4%

 

Southwest Airlines Co.

      18,320          615,186  
       

 

 

  

Building Products – 0.8%

 

Builders FirstSource, Inc.(a)

      16,006          1,356,989  
       

 

 

  

Commercial Services & Supplies – 1.4%

 

Copart, Inc.(a)

      32,850          2,314,611  
       

 

 

  

Electrical Equipment – 3.3%

 

Emerson Electric Co.

      21,996          1,819,289  

Hubbell, Inc.

      4,839          1,217,202  

nVent Electric PLC

      49,720          2,279,165  
       

 

 

  
          5,315,656  
       

 

 

  

Machinery – 2.2%

 

PACCAR, Inc.

      36,120          2,607,864  

Westinghouse Air Brake Technologies Corp.

      9,600          1,001,568  
       

 

 

  
          3,609,432  
       

 

 

  

Road & Rail – 1.3%

 

Knight-Swift Transportation Holdings, Inc.

      37,410          2,126,384  
       

 

 

  
          19,978,669  
       

 

 

  

 

2

Company    Shares        U.S. $ Value  

Consumer Discretionary – 8.1%

 

Distributors – 1.4%

 

LKQ Corp.

      39,550        $ 2,265,819  
       

 

 

  

Hotels, Restaurants & Leisure – 0.9%

 

Choice Hotels International, Inc.

      12,083          1,430,144  
       

 

 

  

Household Durables – 1.4%

 

NVR, Inc.(a)

      443          2,291,914  
       

 

 

  

Specialty Retail – 3.0%

 

Home Depot, Inc. (The)

      4,860          1,441,184  

Tractor Supply Co.

      9,860          2,299,944  

Ulta Beauty, Inc.(a)

      2,480          1,286,624  
       

 

 

  
          5,027,752  
       

 

 

  

Textiles, Apparel & Luxury Goods – 1.4%

 

NIKE, Inc. - Class B

      19,140          2,273,641  
       

 

 

  
                13,289,270  
       

 

 

  

Consumer Staples – 6.7%

 

Beverages – 2.9%

 

Monster Beverage Corp.(a)

      46,248          4,706,196  
       

 

 

  

Tobacco – 3.8%

 

Philip Morris International, Inc.

      64,940          6,318,662  
       

 

 

  
          11,024,858  
       

 

 

  

Energy – 5.2%

 

Energy Equipment & Services – 1.2%

 

Helmerich & Payne, Inc.

      46,353          1,950,534  
       

 

 

  

Oil, Gas & Consumable Fuels – 4.0%

 

ConocoPhillips

      21,210          2,192,054  

EOG Resources, Inc.

      16,460          1,860,309  

Phillips 66

      24,960          2,559,898  
       

 

 

  
          6,612,261  
       

 

 

  
          8,562,795  
       

 

 

  

Real Estate – 2.9%

 

Equity Real Estate Investment Trusts (REITs) – 2.1%

 

Weyerhaeuser Co.

      107,340          3,354,375  
       

 

 

  

Real Estate Management & Development – 0.8%

 

CBRE Group, Inc. - Class A(a)

      15,710          1,337,549  
       

 

 

  
          4,691,924  
       

 

 

  

Communication Services – 2.7%

 

Diversified Telecommunication Services – 1.1%

 

Comcast Corp. - Class A

      50,264          1,868,313  
       

 

 

  

Interactive Media & Services – 1.6%

 

Alphabet, Inc. - Class C(a)

      28,550          2,578,065  
       

 

 

  
          4,446,378  
       

 

 

  

Total Common Stocks
(cost $134,018,255)

           159,606,958  
       

 

 

  

 

3

Company    Shares        U.S. $ Value  

SHORT-TERM INVESTMENTS – 4.0%

 

Investment Companies – 4.0%

 

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.40%(b) (c) (d)
(cost $6,558,709)

      6,558,709        $ 6,558,709  
       

 

 

  

Total Investments – 101.2%
(cost $140,576,964)(e)

 

        166,165,667  

Other assets less liabilities – (1.2)%

           (1,904,775 ) 
       

 

 

  

Net Assets – 100.0%

         $     164,260,892  
       

 

 

  

 

(a)

Non-income producing security.

(b)

Affiliated investments.

(c)

The rate shown represents the 7-day yield as of period end.

(d)

To obtain a copy of the fund’s shareholder report, please go to the Securities and Exchange Commission’s website at www.sec.gov, or call AB at (800) 227-4618.

(e)

As of February 28, 2023, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $27,627,439 and gross unrealized depreciation of investments was $(2,038,736), resulting in net unrealized appreciation of $25,588,703.

 

  

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.

Glossary:

ADR – American Depositary Receipt

REIT – Real Estate Investment Trust

 

4

AB Core Opportunities Fund, Inc.

February 28, 2023 (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. U.S. GAAP establishes 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 (including those valued based on their market values). 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)

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, by pricing vendors, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of February 28, 2023:

 

Investments in Securities:

    Level 1      Level 2      Level 3      Total  
Assets:

 

Common Stocks:            

Information Technology

    $ 42,624,905      $ —      $                 —      $ 42,624,905  

Health Care

      27,159,561        4,491,109        —        31,650,670  

Financials

      23,337,489        —        —        23,337,489  

Industrials

      19,978,669        —        —        19,978,669  

Consumer Discretionary

      13,289,270        —        —        13,289,270  

Consumer Staples

      11,024,858        —        —        11,024,858  

Energy

      8,562,795        —        —        8,562,795  

Real Estate

      4,691,924        —        —        4,691,924  

Communication Services

      4,446,378        —        —        4,446,378  
Short-Term Investments      6,558,709        —        —        6,558,709  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total Investments in Securities      161,674,558        4,491,109        —        166,165,667  
Other Financial Instruments(a)      —        —        —        —  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total    $     161,674,558      $     4,491,109      $ —      $     166,165,667  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(a) 

Other financial instruments are derivative instruments, such as futures, forwards and swaps, which are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.

 

5

A summary of the Fund’s transactions in AB mutual funds for the three months ended February 28, 2023 is as follows:

 

Fund    Market Value
11/30/2022
(000)		      Purchases
at Cost
(000)		      Sales
Proceeds
(000)		      Market Value
02/28/2023
(000)		      Dividend
Income
(000)		  
Government Money Market Portfolio    $     9,882      $     20,003      $     23,326      $     6,559      $     68  

 

6