NPORT-EX 2 NPORT_6417_75179053_1021.htm HTML

AB Discovery Growth Fund, Inc.

Portfolio of Investments

October 31, 2021 (unaudited)

 

Company    Shares        U.S. $ Value  

COMMON STOCKS – 96.0%

        

Information Technology – 29.9%

        

Electronic Equipment, Instruments & Components – 4.3%

 

     

Cognex Corp.

      878,530        $          76,950,443  

Littelfuse, Inc.

      188,623          55,558,904  

Novanta, Inc.(a)

     363,041          62,646,355  
       

 

 

  
          195,155,702  
       

 

 

  

IT Services – 4.7%

        

DigitaloOean Holdings, Inc.(a)

     371,029          36,208,720  

Flywire Corp.(a) (b)

      560,360          26,583,479  

MongoDB, Inc.(a) (b)

      202,380          105,498,670  

Shift4 Payments, Inc. - Class A(a) (b)

      730,501          46,116,528  
       

 

 

  
          214,407,397  
       

 

 

  

Semiconductors & Semiconductor Equipment – 10.0%

 

     

Entegris, Inc.(b)

     530,986          74,752,209  

Lattice Semiconductor Corp.(a)

    
   1,045,158
  
        72,575,772  

MACOM Technology Solutions Holdings, Inc.(a)

     971,510          67,830,828  

Monolithic Power Systems, Inc.

      147,630          77,573,660  

ON Semiconductor Corp.(a)

     1,381,590          66,413,031  

Synaptics, Inc.(a) (b)

      373,583          72,688,044  

Universal Display Corp.

      137,963          25,274,822  
       

 

 

  
          457,108,366  
       

 

 

  

Software – 10.9%

        

Avalara, Inc.(a) (b)

      474,189          85,183,312  

Coupa Software, Inc.(a)

     150,442          34,255,643  

Freshworks, Inc.(a)

     1,247,910          62,707,478  

HubSpot, Inc.(a) (b)

      69,887          56,624,544  

Manhattan Associates, Inc.(a)

     459,403          83,400,021  

Monday.com Ltd.(a)

     133,676          49,704,747  

Smartsheet, Inc. - Class A(a)

     909,641          62,774,325  

Varonis Systems, Inc.(a)

     999,903          64,733,720  
       

 

 

  
          499,383,790  
       

 

 

  
          1,366,055,255  
       

 

 

  

Consumer Discretionary – 19.7%

        

Distributors – 1.8%

        

Pool Corp.

      163,770          84,367,753  
       

 

 

  

Diversified Consumer Services – 2.0%

        

Chegg, Inc.(a) (b)

      789,319          46,917,121  

Mister Car Wash, Inc.(a)

     2,380,285          43,654,427  
       

 

 

  
          90,571,548  
       

 

 

  

Hotels, Restaurants & Leisure – 3.7%

        

Dutch Bros, Inc.(a)

     300,928          22,942,751  

Planet Fitness, Inc.(a) (b)

      535,513          42,600,059  

Portillo’s, Inc.(a)

     599,983          22,799,354  

 

1

Company    Shares        U.S. $ Value  

Vail Resorts, Inc.

      235,000        $          81,006,850  
       

 

 

  
          169,349,014  
       

 

 

  

Household Durables – 3.9%

        

NVR, Inc.(a)

     9,944          48,673,891  

Tempur Sealy International, Inc.

      1,316,362          58,538,618  

TopBuild Corp.(a)

     268,265          68,936,057  
       

 

 

  
          176,148,566  
       

 

 

  

Leisure Products – 0.5%

        

Latham Group, Inc.(a) (b)

      1,535,525          23,647,085  
       

 

 

  

Specialty Retail – 7.8%

        

Dynatrace, Inc.(a)

     982,148          73,661,100  

Five Below, Inc.(a)

     352,653          69,578,437  

Floor & Decor Holdings, Inc. - Class A(a)

     641,323          87,168,622  

Lithia Motors, Inc. - Class A

      173,640          55,429,361  

National Vision Holdings, Inc.(a) (b)

        1,105,001          68,112,262  
       

 

 

  
          353,949,782  
       

 

 

  
          898,033,748  
       

 

 

  

Health Care – 16.8%

        

Biotechnology – 7.0%

        

ADC Therapeutics SA(a) (b)

      693,666          20,109,377  

Arrowhead Pharmaceuticals, Inc.(a)

     430,060          27,446,429  

Ascendis Pharma A/S (Sponsored ADR)(a)

     156,155          23,674,660  

Beyondspring, Inc.(a)

     806,927          11,151,731  

Biohaven Pharmaceutical Holding Co., Ltd.(a)

     220,691          31,408,743  

Blueprint Medicines Corp.(a) (b)

      289,047          32,514,897  

Coherus Biosciences, Inc.(a) (b)

      1,142,590          19,115,531  

Erasca, Inc.(a) (b)

      687,569          13,600,115  

Instil Bio, Inc.(a)

     628,336          12,799,196  

Instil Bio, Inc.(a) (b)

      522,234          10,637,907  

Intellia Therapeutics, Inc.(a) (b)

      247,220          32,875,316  

Legend Biotech Corp. (ADR)(a) (b)

      416,167          21,848,767  

Turning Point Therapeutics, Inc. - Class I(a)

     329,338          13,693,874  

Ultragenyx Pharmaceutical, Inc.(a)

     324,433          27,226,417  

Vir Biotechnology, Inc.(a) (b)

      602,866          22,746,134  
       

 

 

  
          320,849,094  
       

 

 

  

Health Care Equipment & Supplies – 3.3%

        

AtriCure, Inc.(a)

     772,260          57,965,836  

Insulet Corp.(a) (b)

      148,956          46,179,339  

Silk Road Medical, Inc.(a) (b)

      757,880          44,495,135  
       

 

 

  
          148,640,310  
       

 

 

  

Health Care Providers & Services – 1.7%

        

Alignment Healthcare, Inc.(a)

     1,417,218          28,145,950  

Amedisys, Inc.(a)

     20,983          3,553,261  

 

2

Company    Shares        U.S. $ Value  

Guardant Health, Inc.(a)

     402,501        $          47,008,092  
       

 

 

  
          78,707,303  
       

 

 

  

Life Sciences Tools & Services – 4.8%

        

10X Genomics, Inc.(a) (b)

      388,829          62,706,453  

ICON PLC(a)

     219,226          62,867,440  

Repligen Corp.(a)

     320,027          92,967,843  
       

 

 

  
          218,541,736  
       

 

 

  
          766,738,443  
       

 

 

  

Industrials – 15.8%

        

Aerospace & Defense – 2.4%

        

Axon Enterprise, Inc.(a)

     374,020          67,308,639  

Howmet Aerospace, Inc.

      1,429,530          42,442,746  
       

 

 

  
          109,751,385  
       

 

 

  

Building Products – 2.8%

        

Armstrong World Industries, Inc.(b)

     542,440          57,308,786  

Trex Co., Inc.(a) (b)

      642,030          68,311,992  
       

 

 

  
          125,620,778  
       

 

 

  

Commercial Services & Supplies – 0.7%

        

Copart, Inc.(a)

     215,202          33,418,719  
       

 

 

  

Electrical Equipment – 1.0%

        

AMETEK, Inc.(b)

     356,686          47,225,226  
       

 

 

  

Machinery – 4.8%

        

Chart Industries, Inc.(a) (b)

      312,450          55,466,124  

Ingersoll Rand, Inc.(a) (b)

        1,019,795          54,824,179  

ITT, Inc.

      552,540          51,977,438  

Middleby Corp. (The)(a)

     315,550          57,568,942  
       

 

 

  
          219,836,683  
       

 

 

  

Professional Services – 1.1%

        

Jacobs Engineering Group, Inc.

      365,924          51,383,048  
       

 

 

  

Road & Rail – 1.2%

        

TFI International, Inc.

      484,210          53,664,994  
       

 

 

  

Trading Companies & Distributors – 1.8%

        

SiteOne Landscape Supply, Inc.(a) (b)

      341,124          80,150,495  
       

 

 

  
          721,051,328  
       

 

 

  

Financials – 8.8%

        

Banks – 3.5%

        

Pinnacle Financial Partners, Inc.(b)

     557,650          53,852,260  

Signature Bank/New York NY(b)

     190,390          56,701,950  

SVB Financial Group(a)

     69,240          49,672,776  
       

 

 

  
          160,226,986  
       

 

 

  

Capital Markets – 1.7%

        

Ares Management Corp. - Class A

      869,544          73,685,159  

 

3

Company    Shares        U.S. $ Value  

LPL Financial Holdings, Inc.

      38,090        $            6,247,522  
       

 

 

  
          79,932,681  
       

 

 

  

Consumer Finance – 0.4%

        

Fisker, Inc.(a) (b)

      1,081,360          17,355,828  
       

 

 

  

Insurance – 3.2%

        

Goosehead Insurance, Inc. - Class A(b)

     209,966          30,298,094  

Inari Medical, Inc.(a)

     623,416          56,431,616  

Kinsale Capital Group, Inc.

      312,597          58,502,529  
       

 

 

  
          145,232,239  
       

 

 

  
          402,747,734  
       

 

 

  

Consumer Staples – 2.5%

        

Food & Staples Retailing – 0.8%

        

Casey’s General Stores, Inc.(b)

     183,523          35,151,995  
       

 

 

  

Food Products – 1.7%

        

Freshpet, Inc.(a)

     328,680          51,244,499  

Oatly Group AB (ADR)(a) (b)

      1,990,564          25,658,370  
       

 

 

  
          76,902,869  
       

 

 

  

Personal Products – 0.0%

        

Honest Co., Inc. (The)(a)

     112,498          1,029,357  
       

 

 

  
          113,084,221  
       

 

 

  

Energy – 1.6%

        

Energy Equipment & Services – 0.6%

        

Cactus, Inc. - Class A(b)

     613,800          26,700,300  
       

 

 

  

Oil, Gas & Consumable Fuels – 1.0%

        

Matador Resources Co.

      1,079,140          45,162,009  
       

 

 

  
          71,862,309  
       

 

 

  

Real Estate – 0.9%

        

Equity Real Estate Investment Trusts (REITs) – 0.9%

 

     

Safehold, Inc.(b)

     586,510          43,812,297  
       

 

 

  

Total Common Stocks
(cost $3,094,706,325)

           4,383,385,335  
       

 

 

  

INVESTMENT COMPANIES – 1.3%

        

Funds and Investment Trusts – 1.3%

        

iShares Russell 2000 Growth ETF(b) (c)
(cost $33,377,190)

      186,826          57,434,049  
       

 

 

  

SHORT-TERM INVESTMENTS – 2.0%

        

Investment Companies – 2.0%

        

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.01%(c) (d) (e)
(cost $93,596,740)

      93,596,740          93,596,740  
       

 

 

  

 

4

      Shares        U.S. $ Value  

Total Investments Before Security Lending Collateral for Securities Loaned – 99.3%
(cost $3,221,680,255)

         $ 4,534,416,124  
       

 

 

  

INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 1.2%

        

Investment Companies – 1.2%

        

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.01%(c) (d) (e)
(cost $54,252,166)

      54,252,166          54,252,166  
       

 

 

  

Total Investments – 100.5%
(cost $3,275,932,421)(f)

          4,588,668,290  

Other assets less liabilities – (0.5)%

           (23,544,872 ) 
       

 

 

  

Net Assets – 100.0%

         $ 4,565,123,418  
       

 

 

  

 

(a)

Non-income producing security.

(b)

Represents entire or partial securities out on loan.

(c)

To obtain a copy of the fund’s shareholder report, please go to the Securities and Exchange Commission’s website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.

(d)

Affiliated investments.

(e)

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

(f)

As of October 31, 2021, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $1,380,577,323 and gross unrealized depreciation of investments was $(67,841,454), resulting in net unrealized appreciation of $1,312,735,869.

 

  

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

ETF – Exchange Traded Fund

REIT – Real Estate Investment Trust

 

5

AB Discovery Growth Fund, Inc.

October 31, 2021 (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 October 31, 2021:

 

Investments in Securities:

    Level 1      Level 2      Level 3      Total  
Assets:            
Common Stocks(a)    $ 4,383,385,335      $ —      $ —      $ 4,383,385,335  
Investment Companies      57,434,049        —        —        57,434,049  
Short-Term Investments      93,596,740        —        —        93,596,740  
Investments of Cash Collateral for            
Securities Loaned in Affiliated Money            
Market Fund      54,252,166        —        —        54,252,166  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total Investments in Securities      4,588,668,290        —        —        4,588,668,290  
Other Financial Instruments(b)      —        —        —        —  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total    $     4,588,668,290      $                 —      $                 —      $     4,588,668,290  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(a) 

See Portfolio of Investments for sector classifications.

 

6

(b) 

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, options written and swaptions written which are valued at market value.

A summary of the Fund’s transactions in AB mutual funds for the three months ended October 31, 2021 is as follows:

 

Fund    Market Value
07/31/2021
(000)		      Purchases
at Cost
(000)		      Sales
Proceeds
(000)		      Market Value
10/31/2021
(000)		      Dividend
Income
(000)		  
Government Money Market Portfolio    $ 88,020      $ 236,428      $ 230,851      $ 93,597      $ 2  
Government Money Market Portfolio*      68,363        210,532        224,643        54,252        2  
Total    $     156,383      $     446,960      $     455,494      $     147,849      $     4  

 

*

Investments of cash collateral for securities lending transactions

 

7