N-Q 1 dnq.htm ALLIANCEBERNSTEIN SMALL/MID-CAP GROWTH FUND, INC. ALLIANCEBERNSTEIN SMALL/MID-CAP 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: 811-00204

ALLIANCEBERNSTEIN SMALL/MID-CAP

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: July 31, 2009

Date of reporting period: April 30, 2009

 

 

 

ITEM 1. SCHEDULE OF INVESTMENTS.

AllianceBernstein Small/Mid Cap Growth Fund

Portfolio of Investments

April 30, 2009 (unaudited)

 

Company

    Shares      U.S. $ Value

COMMON STOCKS - 97.3%

        

Consumer Discretionary - 25.8%

        

Advertising Agencies - 1.7%

        

National CineMedia, Inc.

    402,070      $ 5,842,077
           

Communication & Media - 1.0%

        

Discovery Communications, Inc.-Class A (a)

    182,000        3,456,180
           

Education Services - 3.1%

        

Corinthian Colleges, Inc. (a)

    202,400        3,116,960

ITT Educational Services, Inc. (a)

    23,000        2,317,710

Strayer Education, Inc.

    26,300        4,981,483
           
          10,416,153
           

Hotel/Motel - 0.8%

        

Orient-Express Hotels Ltd.-Class A

    446,900        2,891,443
           

Printing and Copying Services - 1.9%

        

VistaPrint Ltd. (a)

    186,990        6,423,107
           

Restaurants - 1.2%

        

Panera Bread Co.-Class A (a)

    72,700        4,071,927
           

Retail - 11.4%

        

Aeropostale, Inc. (a)

    103,600        3,519,292

American Eagle Outfitters, Inc.

    389,900        5,778,318

Carmax, Inc. (a)

    94,800        1,209,648

Dick’s Sporting Goods, Inc. (a)

    269,200        5,114,800

Dollar Tree, Inc. (a)

    109,700        4,644,698

Kohl’s Corp. (a)

    99,300        4,503,255

NetFlix, Inc. (a)

    100,700        4,562,717

Ross Stores, Inc.

    135,900        5,156,046

Williams-Sonoma, Inc.

    304,300        4,260,200
           
          38,748,974
           

Services: Commercial - 2.5%

        

Huron Consulting Group, Inc. (a)

    52,950        2,538,952

Iron Mountain, Inc. (a)

    211,800        6,034,182
           
          8,573,134
           

Textiles Apparel Mfrs - 1.6%

        

Carter’s, Inc. (a)

    256,100        5,475,418
           

Wholesalers - 0.6%

        

LKQ Corp. (a)

    127,900        2,171,742
           
          88,070,155
           

Technology - 20.1%

        

Communications Technology - 0.2%

        

Brocade Communications Systems, Inc. (a)

    76,200      440,436

Ciena Corp. (a)

    16,500      197,175
         
        637,611
         

Computer Services Software & Systems - 12.6%

        

Akamai Technologies, Inc. (a)

    269,000      5,923,380

Cognizant Technology Solutions Corp.-Class A (a)

    186,700      4,628,293

Concur Technologies, Inc. (a)

    26,500      717,355

Digital River, Inc. (a)

    125,300      4,814,026

F5 Networks, Inc. (a)

    122,100      3,329,667

Intuit, Inc. (a)

    160,100      3,703,113

McAfee, Inc. (a)

    74,200      2,785,468

Quest Software, Inc. (a)

    212,500      3,087,625

Red Hat, Inc. (a)

    256,240      4,425,265

Solera Holdings, Inc. (a)

    126,000      2,875,320

Sybase, Inc. (a)

    84,300      2,862,828

Synopsys, Inc. (a)

    168,200      3,663,396
         
        42,815,736
         

Electronics: Semi-Conductors/Components - 7.3%

        

Atheros Communications, Inc. (a)

    124,100      2,137,002

Hittite Microwave Corp. (a)

    65,700      2,441,412

Micron Technology, Inc. (a)

    572,100      2,791,848

ON Semiconductor Corp. (a)

    1,082,500      5,867,150

PMC - Sierra, Inc. (a)

    744,900      5,899,608

Skyworks Solutions, Inc. (a)

    461,300      4,077,892

Verigy Ltd. (a)

    155,000      1,705,000
         
        24,919,912
         
        68,373,259
         

Health Care - 16.2%

        

Biotechnology Research & Production - 4.6%

        

Acorda Therapeutics, Inc. (a)

    154,200      3,057,786

Alexion Pharmaceuticals, Inc. (a)

    136,300      4,555,146

Cephalon, Inc. (a)

    51,400      3,372,354

Onyx Pharmaceuticals, Inc. (a)

    98,900      2,561,510

OSI Pharmaceuticals, Inc. (a)

    65,200      2,188,764
         
        15,735,560
         

Drugs & Pharmaceuticals - 2.7%

        

Qiagen NV (a)

    281,000      4,630,880

United Therapeutics Corp. (a)

    39,300      2,468,433

Vertex Pharmaceuticals, Inc. (a)

    68,000      2,095,760
         
        9,195,073
         

Electronics: Medical Systems - 2.8%

        

Illumina, Inc. (a)

    141,400      5,281,290

Masimo Corp. (a)

    145,500      4,204,950
         
        9,486,240
         

Health Care Services - 1.2%

        

athenahealth, Inc. (a)

    123,500      3,927,300
         

Medical & Dental Instruments & Supplies - 4.9%

        

Gen-Probe, Inc. (a)

    102,900      4,955,664

Immucor, Inc. (a)

    178,700      2,911,023

NuVasive, Inc. (a)

    129,100      4,892,890

Resmed, Inc. (a)

    104,700      4,025,715
         
        16,785,292
         
        55,129,465
         

Producer Durables - 15.1%

        

Aerospace - 0.8%

        

L-3 Communications Holdings, Inc.-Class 3

    35,100      2,672,865
         

Electrical Equipment & Components - 4.5%

        

Ametek, Inc.

    172,800      5,565,888

Baldor Electric Co.

    256,050      5,940,360

EnerSys (a)

    218,000      3,716,900
         
        15,223,148
         

Identification Control & Filter Devices - 1.4%

        

IDEX Corp.

    191,200      4,827,800
         

Machine Tools - 1.2%

        

Lincoln Electric Holdings, Inc.

    92,100      4,101,213
         

Machinery: Industrial/Specialty - 2.4%

        

Actuant Corp.-Class A

    273,400      3,351,884

Joy Global, Inc.

    195,000      4,972,500
         
        8,324,384
         

Machinery: Specialty - 1.4%

        

Bucyrus International, Inc.-Class A

    216,600      4,702,386
         

Pollution Control and Environmental Services - 1.3%

        

Stericycle, Inc. (a)

    98,630      4,643,500
         

Production Technology Equipment - 0.7%

        

Cymer, Inc. (a)

    80,800      2,295,528
         

Telecommunications Equipment - 1.4%

        

SBA Communications Corp.-Class A (a)

    184,800      4,656,960
         
        51,447,784
         

Other Energy - 7.3%

        

Machinery: Oil Well Equip & Services - 3.8%

        

Complete Production Services, Inc. (a)

    481,200      3,214,416

FMC Technologies, Inc. (a)

    89,900      3,077,277

Oceaneering International, Inc. (a)

    62,500      2,848,125

Superior Energy Services, Inc. (a)

    165,600      3,181,176

Tesco Corp. (a)

    75,600      759,780
         
        13,080,774
         

Oil: Crude Producers - 3.5%

        

Bill Barrett Corp. (a)

    46,500      1,208,070

Cabot Oil & Gas Corp.

    108,600      3,278,634

Newfield Exploration Co. (a)

    121,700      3,794,606

Penn Virginia Corp.

    58,800      827,316

Southwestern Energy Co. (a)

    75,300      2,700,258
         
        11,808,884
         
        24,889,658
         

Financial Services - 5.9%

        

Diversified Financial Services - 3.9%

        

Greenhill & Co., Inc.

    54,900        4,256,397

Lazard Ltd.-Class A

    181,400        4,952,220

Stifel Financial Corp. (a)

    84,300        4,150,089
           
          13,358,706
           

Investment Management Companies - 1.3%

        

Affiliated Managers Group, Inc. (a)

    76,400        4,343,340
           

Savings & Loan - 0.7%

        

People’s United Financial, Inc.

    155,300        2,425,786
           
          20,127,832
           

Autos and Transportation - 3.6%

        

Railroads - 0.5%

        

Kansas City Southern (a)

    116,600        1,778,150
           

Shipping - 1.0%

        

Kirby Corp. (a)

    105,100        3,243,386
           

Transportation Misc. - 1.0%

        

Expeditors International of Washington, Inc.

    94,900        3,293,979
           

Truckers - 1.1%

        

CH Robinson Worldwide, Inc.

    72,400        3,848,784
           
          12,164,299
           

Materials & Processing - 3.0%

        

Chemicals - 0.9%

        

Airgas, Inc.

    71,900        3,100,328
           

Diversified Materials & Processing - 1.1%

        

Hexcel Corp. (a)

    388,500        3,725,715
           

Metal Fabricating - 0.9%

        

Valmont Industries, Inc.

    45,600        2,908,368
           

Steel - 0.1%

        

Allegheny Technologies, Inc.

    11,800        386,214
           
          10,120,625
           

Utilities - 0.3%

        

Utilities: Telecommunications - 0.3%

        

tw telecom, Inc. (a)

    104,300        958,517
           

Total Common Stocks
(cost $289,487,990)

           331,281,594
           

SHORT-TERM INVESTMENTS - 2.5%

        

Investment Companies - 2.5%

        

AllianceBernstein Fixed-Income Shares, Inc. -
Government STIF Portfolio (b)
(cost $8,481,360)

    8,481,360        8,481,360
           

Total Investments - 99.8%
(cost $297,969,350) (c)

           339,762,954

Other assets less liabilities - 0.2%

           732,947
           

Net Assets - 100.0%

         $ 340,495,901
           

 

(a) Non-income producing security.
(b) Investment in affiliated money market mutual fund.
(c) As of April 30, 2009, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $51,570,471 and gross unrealized depreciation of investments was $(9,776,867), resulting in net unrealized appreciation of $41,793,604.

Please note: The sector classifications presented herein are based on the sector categorization methodology of the Adviser.

FINANCIAL ACCOUNTING STANDARDS NO. 157

The Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective August 1, 2008. In accordance with FAS 157, 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. FAS 157 also 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. 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 developed 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 April 30, 2009:

 

Level

    Investments in
Securities		     Other
Financial
Instruments*		  

Level 1

    $ 339,762,954      $             – 0  – 

Level 2

      – 0  –      – 0  – 

Level 3

      – 0  –      – 0  – 
                

Total

    $     339,762,954      $ – 0  – 
                

 

* 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

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 Small/Mid-Cap Growth Fund, Inc.

 

By:  

   /s/    Robert M. Keith
 

Robert M. Keith

  President

Date: June 22, 2009

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: June 22, 2009

 

By:  

   /s/    Joseph J. Mantineo
 

Joseph J. Mantineo

  Treasurer and Chief Financial Officer

Date: June 22, 2009