N-Q 1 dnq.htm ALLIANCEBERNSTEIN GLOBAL RESEARCH GROWTH FUND, INC. AllianceBernstein Global Research Growth 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: 811-21064

 

 

ALLIANCEBERNSTEIN GLOBAL RESEARCH GROWTH 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: June 30, 2008

 

Date of reporting period: March 31, 2008


ITEM 1. SCHEDULE OF INVESTMENTS.


AllianceBernstein Global Research Growth Fund

Portfolio of Investments

March 31, 2008 (unaudited)

 

Company

   Shares    U.S. $ Value

COMMON STOCKS - 97.1%

     

Financials - 18.6%

     

Capital Markets - 12.1%

     

3i Group PLC

   46,561    $ 767,119

The Blackstone Group LP

   115,900      1,840,492

Credit Suisse Group

   66,381      3,379,981

Janus Capital Group, Inc.

   33,000      767,910

Lehman Brothers Holdings, Inc.

   81,800      3,078,952

Macquarie Group Ltd.

   23,474      1,133,143

Man Group PLC

   161,471      1,777,443

Merrill Lynch & Co., Inc.

   47,100      1,918,854

MF Global Ltd. (a)

   30,900      306,219

Morgan Stanley

   11,000      502,700

UBS AG (Swiss Virt-X)

   110,741      3,224,563
         
        18,697,376
         

Commercial Banks - 1.0%

     

Banco Itau Holding Financeira SA

   33,900      772,589

Banco Santander Central Hispano SA

   42,032      837,364
         
        1,609,953
         

Diversified Financial Services - 2.3%

     

Bolsa De Mercadorias E Futuros

   25,400      228,856

CME Group, Inc.-Class A

   4,836      2,268,568

NYSE Euronext

   18,600      1,147,806
         
        3,645,230
         

Insurance - 1.9%

     

American International Group, Inc.

   29,100      1,258,575

MBIA, Inc.

   57,200      698,984

QBE Insurance Group Ltd.

   45,618      933,358
         
        2,890,917
         

Thrifts & Mortgage Finance - 1.3%

     

Federal National Mortgage Association

   50,300      1,323,896

Housing Development Finance Corp.

   10,921      651,565
         
        1,975,461
         
        28,818,937
         

Information Technology - 14.2%

     

Communications Equipment - 2.9%

     

Ciena Corp. (a)

   4,300      132,569

Cisco Systems, Inc. (a)

   67,596      1,628,388

Juniper Networks, Inc. (a)

   20,400      510,000


Nokia OYJ

   44,920    1,418,149

Research In Motion Ltd. (a)

   7,700    864,171
       
      4,553,277
       

Computers & Peripherals - 3.3%

     

Apple, Inc. (a)

   9,100    1,305,850

EMC Corp. (a)

   34,771    498,616

Hewlett-Packard Co.

   30,100    1,374,366

InnoLux Display Corp.

   86,868    232,170

International Business Machines Corp.

   14,400    1,658,016
       
      5,069,018
       

Electronic Equipment & Instruments - 0.6%

     

Amphenol Corp.-Class A

   8,400    312,900

HON HAI Precision Industry Co. Ltd. (GDR) (b)

   15,489    177,428

Tyco Electronics Ltd.

   15,100    518,232
       
      1,008,560
       

Internet Software & Services - 1.9%

     

Alibaba.com Ltd. (a)

   71,500    148,096

Ebay, Inc. (a)

   36,800    1,098,112

Google, Inc.-Class A (a)

   3,710    1,634,144
       
      2,880,352
       

Semiconductors & Semiconductor Equipment - 2.6%

     

Applied Materials, Inc.

   31,800    620,418

Broadcom Corp.-Class A (a)

   19,450    374,802

Intel Corp.

   67,600    1,431,768

Linear Technology Corp.

   7,800    239,382

MEMC Electronic Materials, Inc. (a)

   4,900    347,410

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

   45,501    467,295

Tokyo Electron Ltd.

   7,600    465,803
       
      3,946,878
       

Software - 2.9%

     

Adobe Systems, Inc. (a)

   16,008    569,725

Microsoft Corp.

   60,500    1,716,990

Nintendo Co. Ltd.

   1,500    784,807

Oracle Corp. (a)

   23,344    456,608

Salesforce.com, Inc. (a)

   8,100    468,747

Shanda Interactive Entertainment Ltd. (Sponsored) (ADR) (a)

   9,900    288,090

VMware, Inc.-Class A (a)

   5,500    235,510
       
      4,520,477
       
      21,978,562
       

Industrials - 12.3%

     

Aerospace & Defense - 3.5%

     

BAE Systems PLC

   200,983    1,938,047

Honeywell International, Inc.

   17,300    976,066

Lockheed Martin Corp.

   12,400    1,231,320


United Technologies Corp.

   18,300    1,259,406
       
      5,404,839
       

Air Freight & Logistics - 0.6%

     

United Parcel Service, Inc.-Class B

   11,900    868,938
       

Construction & Engineering - 0.8%

     

China Communications Construction Co. Ltd.-Class H

   125,000    279,938

Fluor Corp.

   6,300    889,308
       
      1,169,246
       

Electrical Equipment - 1.4%

     

ABB Ltd.

   32,706    881,498

Emerson Electric Co.

   26,300    1,353,398
       
      2,234,896
       

Industrial Conglomerates - 2.0%

     

General Electric Co.

   49,380    1,827,554

Siemens AG

   11,808    1,290,666
       
      3,118,220
       

Machinery - 2.1%

     

Atlas Copco AB-Class A

   49,962    852,512

Caterpillar, Inc.

   9,800    767,242

Danaher Corp.

   6,190    470,626

Deere & Co.

   8,200    659,608

Eaton Corp.

   6,000    478,020
       
      3,228,008
       

Trading Companies & Distributors - 1.9%

     

Mitsubishi Corp.

   45,400    1,389,059

Mitsui & Co. Ltd.

   79,000    1,621,129
       
      3,010,188
       
      19,034,335
       

Consumer Staples - 11.1%

     

Beverages - 1.0%

     

Central European Distribution Corp. (a)

   2,700    157,113

The Coca-Cola Co.

   22,900    1,393,923
       
      1,551,036
       

Food & Staples Retailing - 2.8%

     

Safeway, Inc.

   14,700    431,445

Tesco PLC

   49,363    372,027

Wal-Mart de Mexico SAB de CV Series V

   425,574    1,794,626

Wal-Mart Stores, Inc.

   28,300    1,490,844

X 5 Retail Group NV (GDR) (a)(b)

   7,279    215,601
       
      4,304,543
       

Food Products - 4.9%

     

Archer-Daniels-Midland Co.

   34,300    1,411,788

Bunge Ltd.

   16,500    1,433,520

Nestle SA

   5,576    2,787,123

WM Wrigley Jr Co.

   30,975    1,946,469
       
      7,578,900
       


Personal Products - 1.2%

     

The Estee Lauder Cos, Inc.-Class A

   11,500    527,275

L’Oreal SA

   8,774    1,113,990

Oriflame Cosmetics SA (SDR)

   4,733    314,635
       
      1,955,900
       

Tobacco - 1.2%

     

Altria Group, Inc.

   19,800    439,560

ITC Ltd.

   76,755    394,896

Philip Morris International, Inc. (a)

   19,800    1,001,484
       
      1,835,940
       
      17,226,319
       

Health Care - 10.2%

     

Biotechnology - 1.8%

     

Amylin Pharmaceuticals, Inc. (a)

   4,200    122,682

Basilea Pharmaceutica (a)

   1,347    196,067

Genentech, Inc. (a)

   12,410    1,007,444

Gilead Sciences, Inc. (a)

   26,900    1,386,157
       
      2,712,350
       

Health Care Equipment & Supplies - 2.2%

     

Alcon, Inc.

   9,550    1,358,488

Becton Dickinson & Co.

   9,900    849,915

Hologic, Inc. (a)

   9,900    550,440

Nobel Biocare Holding AG

   2,921    680,242
       
      3,439,085
       

Health Care Providers & Services - 1.5%

     

Aetna, Inc.

   28,600    1,203,774

Medco Health Solutions, Inc. (a)

   22,400    980,896

WellPoint, Inc. (a)

   4,400    194,172
       
      2,378,842
       

Pharmaceuticals - 4.7%

     

Abbott Laboratories

   22,700    1,251,905

Allergan, Inc.

   7,300    411,647

Eli Lilly & Co.

   15,800    815,122

Merck & Co., Inc.

   22,900    869,055

Novartis AG

   7,564    388,139

Roche Holding AG

   8,921    1,681,340

Teva Pharmaceutical Industries Ltd. (Sponsored) (ADR)

   38,700    1,787,553
       
      7,204,761
       
      15,735,038
       

Energy - 9.7%

     

Energy Equipment & Services - 3.9%

     

Baker Hughes, Inc.

   39,654    2,716,299

Cameron International Corp. (a)

   36,400    1,515,696

Technip SA

   21,834    1,700,808
       
      5,932,803
       


Oil, Gas & Consumable Fuels - 5.8%

     

Addax Petroleum Corp.

   19,580    777,325

China Shenhua Energy Co. Ltd.-Class H

   147,500    597,327

EOG Resources, Inc.

   31,500    3,780,000

Noble Energy, Inc.

   32,820    2,389,296

Petroleo Brasileiro SA (Sponsored) (ADR)

   10,100    855,369

Sasol Ltd.

   12,648    609,137
       
      9,008,454
       
      14,941,257
       

Materials - 9.6%

     

Chemicals - 3.2%

     

Air Products & Chemicals, Inc.

   26,200    2,410,400

Monsanto Co.

   22,500    2,508,750
       
      4,919,150
       

Metals & Mining - 6.4%

     

Cia Vale do Rio Doce (ADR)

   81,600    2,826,624

Cia Vale do Rio Doce (Sponsored) (ADR)

   29,800    868,670

Rio Tinto PLC

   30,311    3,150,099

Sterlite Industries India Ltd. (ADR) (a)

   36,200    645,084

Xstrata PLC

   33,603    2,353,579
       
      9,844,056
       
      14,763,206
       

Consumer Discretionary - 6.0%

     

Auto Components - 0.5%

     

Denso Corp.

   23,400    762,853
       

Automobiles - 0.4%

     

Fiat SpA

   25,711    595,754
       

Distributors - 0.3%

     

Li & Fung Ltd.

   110,000    412,038
       

Diversified Consumer Services - 0.5%

     

Apollo Group, Inc.-Class A (a)

   19,900    859,680
       

Hotels, Restaurants & Leisure - 0.8%

     

Ctrip.com International Ltd. (ADR)

   7,000    371,140

Wyndham Worldwide Corp.

   43,100    891,308
       
      1,262,448
       

Household Durables - 0.1%

     

Garmin Ltd.

   3,800    205,238
       

Media - 0.7%

     

Eutelsat Communications

   3,927    107,320

SES Global (FDR)

   2,773    59,015

Viacom, Inc.-Class B (a)

   22,700    899,374
       
      1,065,709
       

Multiline Retail - 1.3%

     

Kohl’s Corp. (a)

   29,700    1,273,833

Lotte Shopping Co. Ltd.

   2,445    743,881
       
      2,017,714
       


Specialty Retail - 0.7%

     

Esprit Holdings Ltd.

   12,500    151,679

Lowe’s Cos, Inc.

   40,700    933,658
       
      1,085,337
       

Textiles Apparel & Luxury Goods - 0.7%

     

Adidas AG

   15,668    1,036,044
       
      9,302,815
       

Utilities - 3.6%

     

Electric Utilities - 0.5%

     

E.ON AG

   3,906    728,509
       

Independent Power Producers & Energy Traders - 2.7%

     

Iberdrola Renovables (a)

   203,900    1,419,616

International Power PLC

   176,029    1,391,843

NTPC Ltd.

   270,209    1,336,244
       
      4,147,703
       

Multi-Utilities - 0.4%

     

Veolia Environnement

   9,763    681,297
       
      5,557,509
       

Telecommunication Services - 1.8%

     

Diversified Telecommunication Services - 0.8%

     

AT&T, Inc.

   8,100    310,230

Telefonica SA

   8,575    246,378

Time Warner Telecom, Inc.-Class A (a)

   15,400    238,546

Verizon Communications, Inc.

   9,100    331,695
       
      1,126,849
       

Wireless Telecommunication Services - 1.0%

     

America Movil SAB de CV Series L (ADR)

   6,800    433,092

MTN Group Ltd.

   15,040    228,630

Turkcell Iletisim Hizmet AS

   20,512    169,958

Vimpel-Communications (Sponsored) (ADR)

   9,500    283,955

Vodafone Group PLC

   157,070    466,876
       
      1,582,511
       
      2,709,360
       

Total Common Stocks
(cost $149,140,452)

      150,067,338
       


     Principal
Amount
(000)
    

SHORT-TERM INVESTMENTS - 2.1%

     

Time Deposit - 2.1%

     

The Bank of New York

     

1.25%, 4/01/08

(cost $3,294,000)

   $ 3,294      3,294,000
         

Total Investments - 99.2%
(cost $152,434,452)

        153,361,338

Other assets less liabilities - 0.8%

        1,283,403
         

Net Assets - 100.0%

      $ 154,644,741
         

 

(a) Non-income producing security.

 

(b) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At March 31, 2008, the aggregate market value of these securities amounted to $393,029 or 0.3% of net assets.

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 and 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

FDR

GDR

SDR

 

-

-

-

-

  

American Depositary Receipt

Fiduciary Depositary Receipt

Global Depositary Receipt

Swedish Depositary Receipt

Country Breakdown *

AllianceBernstein Global Research Growth Fund

March 31, 2008 (unaudited)

Summary

 

53.6%    United States   
9.5%    Switzerland   
8.0%    United Kingdom   
3.6%    Brazil   
3.3%    Japan   
2.4%    France   
2.0%    Germany   
2.0%    India   
1.6%    Spain   
1.5%    Mexico   
1.3%    Australia   
1.2%    Israel   
1.1%    Bermuda   
6.8%    Other   
2.1%    Short-Term Investments   
100.0%    Total Investments   
       

 

* All data are as of March 31, 2008. The Fund’s country breakdown is expressed as a percentage of total investments and may vary over time. ‘Other’ country weightings represents 1.1% or less in the following countries: Canada, Cayman Islands, China, Finland, Hong Kong, Italy, Luxembourg, Netherlands, Russia, South Africa, South Korea, Sweden, Taiwan, Turkey.


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 changes in the registrant’s internal controls over financial reporting that occurred during the second fiscal quarter of the period that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

ITEM 3. EXHIBITS.

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

 

EXHIBIT NO.

 

DESCRIPTION OF EXHIBIT

3 (a) (1)   Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
3 (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 Global Research Growth Fund, Inc.

 

By:   /s/ Marc O. Mayer
 

Marc O. Mayer

President

Date: May 23, 2008

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/ Marc O. Mayer
 

Marc O. Mayer

President

Date: May 23, 2008

 

By:   /s/ Joseph J. Mantineo
 

Joseph J. Mantineo

Treasurer and Chief Financial Officer

Date: May 23, 2008