0001775697-21-000464.txt : 20210526 0001775697-21-000464.hdr.sgml : 20210526 20210526105329 ACCESSION NUMBER: 0001775697-21-000464 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210331 FILED AS OF DATE: 20210526 PERIOD START: 20211231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BNY Mellon Large Cap Securities Fund, Inc. CENTRAL INDEX KEY: 0000030146 IRS NUMBER: 136021175 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-00523 FILM NUMBER: 21963636 BUSINESS ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 BUSINESS PHONE: 2129226400 MAIL ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: NESBETT FUND INC DATE OF NAME CHANGE: 19680607 0000030146 S000000068 BNY Mellon Large Cap Securities Fund, Inc. C000000105 BNY Mellon Large Cap Securities Fund, Inc. DREVX NPORT-P 1 primary_doc.xml NPORT-P false 0000030146 XXXXXXXX S000000068 C000000105 BNY Mellon Large Cap Securities Fund, Inc. 811-00523 0000030146 549300BH6NJF63HZ1E81 240 Greenwich Street New York 10286 212 495 1784 BNY Mellon Large Cap Securities Fund, Inc. S000000068 549300BH6NJF63HZ1E81 2021-12-31 2021-03-31 N 1565199574.85 39380715.02 1525818859.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 UST BLACKROCK INC 549300LRIF3NWCU26A80 BLACKROCK INC 09247X101 38406.00 NS USD 28956587.76 1.8977736166681 Long EC CORP US N 1 N N N AMETEK INC 549300WZDEF9KKE40E98 AMETEK INC 031100100 196651.00 NS USD 25118232.23 1.6462132492449 Long EC CORP US N 1 N N N EDWARDS LIFESCIENCES CORP YA13X31F3V31L8TMPR58 EDWARDS LIFESCIENCES CORP 28176E108 259659.00 NS USD 21717878.76 1.4233589144664 Long EC CORP US N 1 N N N DANAHER CORP S4BKK9OTCEWQ3YHPFM11 DANAHER CORP 235851102 137647.00 NS USD 30981586.76 2.0304891737576 Long EC CORP US N 1 N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 JPMORGAN CHASE & CO 46625H100 310798.00 NS USD 47312779.54 3.1008123431684 Long EC CORP US N 1 N N N APPLE INC HWUPKR0MPOU8FGXBT394 APPLE INC 037833100 838632.00 NS USD 102438898.80 6.7136998694204 Long EC CORP US N 1 N N N MICROSOFT CORP INR2EJN1ERAN0W5ZP974 MICROSOFT CORP 594918104 364176.00 NS USD 85861775.52 5.6272587644883 Long EC CORP US N 1 N N N PNC FINANCIAL SERVICES CFGNEKW0P8842LEUIA51 PNC FINANCIAL SERVICES GROUP INC/THE 693475105 149533.00 NS USD 26229583.53 1.7190496343007 Long EC CORP US N 1 N N N QUALCOMM INC H1J8DDZKZP6H7RWC0H53 QUALCOMM INC 747525103 192439.00 NS USD 25515487.01 1.6722487630571 Long EC CORP US N 1 N N N VF CORP CWAJJ9DJ5Z7P057HV541 VF CORP 918204108 232392.00 NS USD 18572768.64 1.2172328661653 Long EC CORP US N 1 N N N PEPSICO INC FJSUNZKFNQ5YPJ5OT455 PEPSICO INC 713448108 261886.00 NS USD 37043774.70 2.4277963574344 Long EC CORP US N 1 N N N ZEBRA TECHNOLOGIES CORP PO0I32GKZ3HZMMDPZZ08 ZEBRA TECHNOLOGIES CORP 989207105 42211.00 NS USD 20479932.98 1.3422257070725 Long EC CORP US N 1 N N N ANSYS INC 549300VJV8H15Z5FJ571 ANSYS INC 03662Q105 46133.00 NS USD 15664921.48 1.0266566951299 Long EC CORP US N 1 N N N US BANCORP N1GZ7BBF3NP8GI976H15 US BANCORP 902973304 396118.00 NS USD 21909286.58 1.4359035110131 Long EC CORP US N 1 N N N WALT DISNEY CO/THE 549300GZKULIZ0WOW665 WALT DISNEY CO/THE 254687106 133426.00 NS USD 24619765.52 1.613544449355 Long EC CORP US N 1 N N N WALMART INC Y87794H0US1R65VBXU25 WALMART INC 931142103 198951.00 NS USD 27023514.33 1.7710827308171 Long EC CORP US N 1 N N N FMC CORP CKDHZ2X64EEBQCSP7013 FMC CORP 302491303 181184.00 NS USD 20040762.24 1.3134430808014 Long EC CORP US N 1 N N N INTUITIVE SURGICAL INC 54930052SRG011710797 INTUITIVE SURGICAL INC 46120E602 30628.00 NS USD 22632254.32 1.4832857894102 Long EC CORP US N 1 N N N HESS CORP UASVRYNXNK17ULIGK870 HESS CORP 42809H107 501637.00 NS USD 35495834.12 2.3263465313277 Long EC CORP US N 1 N N N ELI LILLY AND CO FRDRIPF3EKNDJ2CQJL29 ELI LILLY AND CO 532457108 174577.00 NS USD 32614475.14 2.1375063579718 Long EC CORP US N 1 N N N ZOETIS INC 549300HD9Q1LOC9KLJ48 ZOETIS INC 98978V103 139142.00 NS USD 21912082.16 1.436086729354 Long EC CORP US N 1 N N N TJX COS INC/THE V167QI9I69W364E2DY52 TJX COS INC/THE 872540109 340929.00 NS USD 22552453.35 1.4780557472276 Long EC CORP US N 1 N N N ROCKWELL AUTOMATION INC VH3R4HHBHH12O0EXZJ88 ROCKWELL AUTOMATION INC 773903109 78051.00 NS USD 20717857.44 1.3578189381083 Long EC CORP US N 1 N N N BIOGEN INC W8J5WZB5IY3K0NDQT671 BIOGEN INC 09062X103 45421.00 NS USD 12706524.75 0.8327675771038 Long EC CORP US N 1 N N N TESLA INC 54930043XZGB27CTOV49 TESLA INC 88160R101 41466.00 NS USD 27696385.38 1.8151817433352 Long EC CORP US N 1 N N N VALERO ENERGY CORP 549300XTO5VR8SKV1V74 VALERO ENERGY CORP 91913Y100 266019.00 NS USD 19046960.40 1.248310720325 Long EC CORP US N 1 N N N EQT CORP 4NT01YGM4X7ZX86ISY52 EQT CORP 26884L109 1424412.00 NS USD 26465574.96 1.734516177297 Long EC CORP US N 1 N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 GOLDMAN SACHS GROUP INC/THE 38141G104 88561.00 NS USD 28959447.00 1.8979610071949 Long EC CORP US N 1 N N N SALESFORCE.COM INC RCGZFPDMRW58VJ54VR07 SALESFORCE.COM INC 79466L302 136669.00 NS USD 28956061.03 1.8977390955323 Long EC CORP US N 1 N N N NVIDIA CORP 549300S4KLFTLO7GSQ80 NVIDIA CORP 67066G104 71691.00 NS USD 38277975.63 2.5086841326803 Long EC CORP US N 1 N N N AMAZON.COM INC ZXTILKJKG63JELOEG630 AMAZON.COM INC 023135106 26585.00 NS USD 82256116.80 5.390949015348 Long EC CORP US N 1 N N N CHUBB LTD E0JAN6VLUDI1HITHT809 CHUBB LTD N/A 126588.00 NS USD 19997106.36 1.3105819364579 Long EC CORP CH N 1 N N N UNION PACIFIC CORP 549300LMMRSZZCZ8CL11 UNION PACIFIC CORP 907818108 162968.00 NS USD 35919776.88 2.3541311374275 Long EC CORP US N 1 N N N ROPER TECHNOLOGIES INC 54930003T4SXCIWVXY35 ROPER TECHNOLOGIES INC 776696106 69537.00 NS USD 28047053.58 1.8381640388902 Long EC CORP US N 1 N N N SERVICENOW INC 549300HJTQM36M0E1G39 SERVICENOW INC 81762P102 60750.00 NS USD 30381682.50 1.9911723009758 Long EC CORP US N 1 N N N NEXTERA ENERGY INC 5493008F4ZOQFNG3WN54 NEXTERA ENERGY INC 65339F101 416872.00 NS USD 31519691.92 2.0657558213372 Long EC CORP US N 1 N N N BOOKING HOLDINGS INC FXM8FAOHMYDIPD38UZ17 BOOKING HOLDINGS INC 09857L108 9967.00 NS USD 23221515.28 1.5219051154333 Long EC CORP US N 1 N N N ALPHABET INC 5493006MHB84DD0ZWV18 ALPHABET INC 02079K107 40105.00 NS USD 82962406.15 5.4372382157632 Long EC CORP US N 1 N N N HOWMET AEROSPACE INC 549300HO5WFZUT5N2T22 HOWMET AEROSPACE INC 443201108 508282.00 NS USD 16331100.66 1.0703171319968 Long EC CORP US N 1 N N N MATCH GROUP INC 15OMOPB0A8K0EFUVD031 MATCH GROUP INC 57667L107 50083.00 NS USD 6880402.54 0.4509318059397 Long EC CORP US N 1 N N PAYPAL HOLDINGS INC 5493005X2GO78EFZ3E94 PAYPAL HOLDINGS INC 70450Y103 193162.00 NS USD 46907460.08 3.0742482816883 Long EC CORP US N 1 N N N TRANE TECHNOLOGIES PLC 549300BURLR9SLYY2705 TRANE TECHNOLOGIES PLC N/A 233884.00 NS USD 38721835.04 2.5377740477211 Long EC CORP IE N 1 N N N LOWE'S COS INC WAFCR4OKGSC504WU3E95 LOWE'S COS INC 548661107 111890.00 NS USD 21279240.20 1.3946111665162 Long EC CORP US N 1 N N N ABBVIE INC FR5LCKFTG8054YNNRU85 ABBVIE INC 00287Y109 280528.00 NS USD 30358740.16 1.9896686926115 Long EC CORP US N 1 N N N MEDTRONIC PLC 549300GX3ZBSQWUXY261 MEDTRONIC PLC N/A 217836.00 NS USD 25732966.68 1.6865020716067 Long EC CORP IE N 1 N N N PROGRESSIVE CORP/THE 529900TACNVLY9DCR586 PROGRESSIVE CORP/THE 743315103 214176.00 NS USD 20477367.36 1.3420575599833 Long EC CORP US N 1 N N N APPLIED MATERIALS INC 41BNNE1AFPNAZELZ6K07 APPLIED MATERIALS INC 038222105 297429.00 NS USD 39736514.40 2.6042746911928 Long EC CORP US N 1 N N N INGERSOLL RAND INC 5299004C02FMZCUOIR50 INGERSOLL RAND INC 45687V106 787183.00 NS USD 38737275.43 2.538785988942 Long EC CORP US N 1 N N N SEAGEN INC N/A SEAGEN INC 81181C104 118748.00 NS USD 16489347.28 1.0806883906151 Long EC CORP US N 1 N N N DREYFUS INSTITUTIONAL PREFERRE 549300RBWL04JG8SIX57 Dreyfus Institutional Preferred Government Plus Money Market Fund N/A 10863710.07 OU Other Units USD 10863710.07 0.711992121477 Long STIV RF US N 1 2099-12-01 Variable 0.059108 N N N N N N 2021-05-21 BNY Mellon Advantage Funds, Inc. James Windels James Windels Fund Treasurer XXXX NPORT-EX 2 c10625bnymellonla-march20211.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Large Cap Securities Fund, Inc.

March 31, 2021 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 101.8%

     

Automobiles & Components - 1.8%

     

Tesla

   

41,466

a

27,696,385

 

Banks - 6.3%

     

JPMorgan Chase & Co.

   

310,798

 

47,312,780

 

The PNC Financial Services Group

   

149,533

 

26,229,584

 

U.S. Bancorp

   

396,118

 

21,909,287

 
    

95,451,651

 

Capital Goods - 11.0%

     

AMETEK

   

196,651

 

25,118,232

 

Howmet Aerospace

   

508,282

a

16,331,101

 

Ingersoll Rand

   

787,183

a

38,737,275

 

Rockwell Automation

   

78,051

 

20,717,857

 

Roper Technologies

   

69,537

 

28,047,054

 

Trane Technologies

   

233,884

 

38,721,835

 
    

167,673,354

 

Consumer Durables & Apparel - 1.2%

     

VF

   

232,392

 

18,572,769

 

Diversified Financials - 3.8%

     

BlackRock

   

38,406

 

28,956,588

 

The Goldman Sachs Group

   

88,561

 

28,959,447

 
    

57,916,035

 

Energy - 5.3%

     

EQT

   

1,424,412

a

26,465,575

 

Hess

   

501,637

 

35,495,834

 

Valero Energy

   

266,019

 

19,046,960

 
    

81,008,369

 

Food & Staples Retailing - 1.8%

     

Walmart

   

198,951

 

27,023,514

 

Food, Beverage & Tobacco - 2.4%

     

PepsiCo

   

261,886

 

37,043,775

 

Health Care Equipment & Services - 6.6%

     

Danaher

   

137,647

 

30,981,587

 

Edwards Lifesciences

   

259,659

a

21,717,879

 

Intuitive Surgical

   

30,628

a

22,632,254

 

Medtronic

   

217,836

 

25,732,967

 
    

101,064,687

 

Insurance - 2.6%

     

Chubb

   

126,588

 

19,997,106

 

The Progressive

   

214,176

 

20,477,367

 
    

40,474,473

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 101.8% (continued)

     

Materials - 1.3%

     

FMC

   

181,184

 

20,040,762

 

Media & Entertainment - 7.5%

     

Alphabet, Cl. C

   

40,105

a

82,962,406

 

Match Group

   

50,083

a,b

6,880,403

 

The Walt Disney Company

   

133,426

a

24,619,766

 
    

114,462,575

 

Pharmaceuticals Biotechnology & Life Sciences - 7.5%

     

AbbVie

   

280,528

 

30,358,740

 

Biogen

   

45,421

a

12,706,525

 

Eli Lilly & Co.

   

174,577

 

32,614,475

 

Seagen

   

118,748

a

16,489,347

 

Zoetis

   

139,142

 

21,912,082

 
    

114,081,169

 

Retailing - 9.8%

     

Amazon.com

   

26,585

a

82,256,117

 

Booking Holdings

   

9,967

a

23,221,515

 

Lowe's

   

111,890

 

21,279,240

 

The TJX Companies

   

340,929

 

22,552,453

 
    

149,309,325

 

Semiconductors & Semiconductor Equipment - 6.8%

     

Applied Materials

   

297,429

 

39,736,514

 

NVIDIA

   

71,691

 

38,277,976

 

Qualcomm

   

192,439

 

25,515,487

 
    

103,529,977

 

Software & Services - 13.6%

     

Ansys

   

46,133

a

15,664,921

 

Microsoft

   

364,176

 

85,861,776

 

PayPal Holdings

   

193,162

a

46,907,460

 

salesforce.com

   

136,669

a

28,956,061

 

ServiceNow

   

60,750

a

30,381,682

 
    

207,771,900

 

Technology Hardware & Equipment - 8.1%

     

Apple

   

838,632

 

102,438,899

 

Zebra Technologies, Cl. A

   

42,211

a

20,479,933

 
    

122,918,832

 

Transportation - 2.3%

     

Union Pacific

   

162,968

 

35,919,777

 

Utilities - 2.1%

     

NextEra Energy

   

416,872

 

31,519,692

 

Total Common Stocks (cost $937,196,134)

   

1,553,479,021

 


        
 
  

1-Day
Yield (%)

     

Investment Companies - ..7%

     

Registered Investment Companies - .7%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares
(cost $10,863,710)

 

0.06

 

10,863,710

c

10,863,710

 

Total Investments (cost $948,059,844)

 

102.5%

 

1,564,342,731

 

Liabilities, Less Cash and Receivables

 

(2.5%)

 

(38,523,871)

 

Net Assets

 

100.0%

 

1,525,818,860

 

a Non-income producing security.

b Security, or portion thereof, on loan. At March 31, 2021, the value of the fund’s securities on loan was $6,811,575 and the value of the collateral was $6,679,633, consisting of U.S. Government & Agency securities.

c Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s prospectus.


STATEMENT OF INVESTMENTS
BNY Mellon Large Cap Securities Fund, Inc.

March 31, 2021 (Unaudited)

The following is a summary of the inputs used as of March 31, 2021 in valuing the fund’s investments:

     
 

Level 1 - Unadjusted Quoted Prices

Level 2 - Other Significant Observable Inputs

Level 3 -Significant Unobservable Inputs

Total

Assets ($)

    

Investments in Securities:

  

Equity Securities—Common Stocks

1,553,479,021

-

-

1,553,479,021

Investment Companies

10,863,710

-

-

10,863,710

     

See Statement of Investments for additional detailed categorizations, if any.


The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund’s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

Level 1—unadjusted 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 inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows:

Investments in equity securities are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price that day, at the last sales price. For open short positions, asked prices are used for valuation


purposes. Bid price is used when no asked price is available. Registered investment companies that are not traded on an exchange are valued at their net asset value. All of the preceding securities are generally categorized within Level 1 of the fair value hierarchy.

Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices. U.S. Treasury Bills are valued at the mean price between quoted bid prices and asked prices by an independent pricing service (the “Service”) approved by the Board Members (“Board”). These securities are generally categorized within Level 2 of the fair value hierarchy.

The Service’s procedures are reviewed by BNY Mellon under the general supervision of the Board.

Fair valuing of securities may be determined with the assistance of a pricing service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant American Depository Receipts and futures. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

Pursuant to a securities lending agreement with The Bank of New York Mellon, a subsidiary of BNY Mellon and an affiliate of BNY Mellon Investment Adviser, Inc., the fund may lend securities to qualified institutions. It is the fund’s policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash, which can be invested in certain money market mutual funds managed by BNY Mellon Investment Adviser Inc., or U.S. Government and Agency securities. The fund is entitled to receive all dividends, interest and distributions on securities loaned, in addition to income earned as a


result of the lending transaction. Should a borrower fail to return the securities in a timely manner, The Bank of New York Mellon is required to replace the securities for the benefit of the fund or credit the fund with the market value of the unreturned securities and is subrogated to the fund’s rights against the borrower and the collateral. Additionally, the contractual maturity of security lending transactions are on an overnight and continuous basis.

At March 31, 2021, accumulated net unrealized appreciation on investments was $616,282,887, consisting of $633,650,844 gross unrealized appreciation and $17,367,957 gross unrealized depreciation.

At March 31, 2021, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.