N-Q 1 d249387dnq.htm ALLIANCEBERNSTEIN GLOBAL THEMATIC GROWTH FUND, INC. AllianceBernstein Global Thematic 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: 811-03131

ALLIANCEBERNSTEIN GLOBAL THEMATIC 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, 2011

Date of reporting period: October 31, 2011

 

 

 


ITEM 1. SCHEDULE OF INVESTMENTS.


AllianceBernstein Global Thematic Growth Fund

Portfolio of Investments

October 31, 2011 (unaudited)

 

Company

   Shares        U.S. $ Value  

COMMON STOCKS - 98.2%

       

Information Technology - 22.6%

       

Communications Equipment - 4.5%

       

Juniper Networks, Inc. (a)

     1,239,249         $ 30,324,423   

QUALCOMM, Inc.

     281,590           14,530,044   
       

 

 

 
          44,854,467   
       

 

 

 

Computers & Peripherals - 4.9%

       

Apple, Inc. (a)

     47,190           19,101,568   

Silicon Graphics International Corp. (a)

     949,206           13,725,519   

Toshiba Corp.

     3,516,000           15,334,657   
       

 

 

 
          48,161,744   
       

 

 

 

Internet Software & Services - 6.0%

       

Cornerstone OnDemand, Inc. (a)

     1,032,330           14,875,875   

Equinix, Inc. (a)

     115,740           11,112,198   

LinkedIn Corp. (a)

     91,262           8,204,454   

MercadoLibre, Inc.

     184,970           12,060,044   

Rackspace Hosting, Inc. (a)

     309,285           12,801,306   
       

 

 

 
          59,053,877   
       

 

 

 

Semiconductors & Semiconductor Equipment - 2.9%

       

Cree, Inc. (a)

     346,370           9,227,297   

NVIDIA Corp. (a)

     1,310,200           19,390,960   
       

 

 

 
          28,618,257   
       

 

 

 

Software - 4.3%

       

Intuit, Inc.

     186,690           10,019,652   

Red Hat, Inc. (a)

     317,630           15,770,329   

Salesforce.com, Inc. (a)

     121,721           16,209,586   
       

 

 

 
          41,999,567   
       

 

 

 
          222,687,912   
       

 

 

 

Financials - 18.3%

       

Capital Markets - 4.8%

       

Blackstone Group LP

     708,720           10,425,271   

CITIC Securities Co., Ltd. (a)(b)

     7,490,800           14,926,061   

Greenhill & Co., Inc.

     576,868           21,794,073   
       

 

 

 
          47,145,405   
       

 

 

 

Commercial Banks - 3.4%

       

Bank Rakyat Indonesia Persero Tbk PT

     12,589,000           9,465,036   

Siam Commercial Bank PCL

     2,737,500           10,460,366   

Standard Chartered PLC

     593,330           13,844,955   
       

 

 

 
          33,770,357   
       

 

 

 

Consumer Finance - 3.6%

       

Green Dot Corp. (a)

     850,797           27,795,538   

SKS Microfinance Ltd. (a)

     1,943,655           8,000,476   
       

 

 

 
          35,796,014   
       

 

 

 

Real Estate Investment Trusts (REITs) - 1.9%

       

Weyerhaeuser Co.

     1,005,674           18,082,019   
       

 

 

 


Company

   Shares        U.S. $ Value  

Real Estate Management & Development - 4.6%

       

Ciputra Development Tbk PT

     238,371,008           13,069,675   

Guangzhou R&F Properties Co., Ltd.

     6,012,800           5,804,707   

Hang Lung Group Ltd.

     1,834,000           11,111,053   

Hang Lung Properties Ltd.

     152,000           550,662   

Sun Hung Kai Properties Ltd.

     1,075,000           14,760,468   
       

 

 

 
          45,296,565   
       

 

 

 
          180,090,360   
       

 

 

 

Energy - 14.4%

       

Energy Equipment & Services - 5.9%

       

Halliburton Co.

     479,910           17,929,438   

Nabors Industries Ltd. (a)

     933,630           17,113,438   

Saipem SpA

     255,860           11,432,441   

Schlumberger Ltd.

     155,030           11,390,054   
       

 

 

 
          57,865,371   
       

 

 

 

Oil, Gas & Consumable Fuels - 8.5%

       

Cameco Corp.

     575,425           12,348,473   

Denbury Resources, Inc. (a)

     1,391,906           21,852,924   

Kinder Morgan, Inc./Delaware

     395,448           11,309,813   

Noble Energy, Inc.

     128,700           11,498,058   

Occidental Petroleum Corp.

     114,790           10,668,583   

Paladin Energy Ltd. (a)

     3,776,659           5,767,434   

Santos Ltd.

     808,324           10,916,914   
       

 

 

 
          84,362,199   
       

 

 

 
          142,227,570   
       

 

 

 

Consumer Discretionary - 13.6%

       

Auto Components - 1.6%

       

Johnson Controls, Inc.

     485,380           15,983,563   
       

 

 

 

Automobiles - 2.7%

       

Tesla Motors, Inc. (a)

     506,327           14,870,824   

Toyota Motor Corp. (Sponsored ADR)

     170,600           11,380,726   
       

 

 

 
          26,251,550   
       

 

 

 

Hotels, Restaurants & Leisure - 2.8%

       

Ajisen China Holdings Ltd.

     7,339,000           10,417,614   

Ctrip.com International Ltd. (ADR) (a)

     489,100           17,050,026   
       

 

 

 
          27,467,640   
       

 

 

 

Household Durables - 0.9%

       

Rinnai Corp.

     116,800           8,725,741   
       

 

 

 

Internet & Catalog Retail - 2.2%

       

Amazon.com, Inc. (a)

     64,820           13,839,718   

Rakuten, Inc.

     7,647           8,382,912   
       

 

 

 
          22,222,630   
       

 

 

 

Specialty Retail - 2.2%

       

L’Occitane International SA

     4,111,250           9,043,579   

Zhongsheng Group Holdings Ltd.

     7,098,000           12,549,613   
       

 

 

 
          21,593,192   
       

 

 

 


Company

   Shares        U.S. $ Value  

Textiles, Apparel & Luxury Goods - 1.2%

       

Cie Financiere Richemont SA

     215,500           12,275,871   
       

 

 

 
          134,520,187   
       

 

 

 

Materials - 10.5%

       

Chemicals - 4.4%

       

Dow Chemical Co. (The)

     416,230           11,604,492   

Linde AG

     75,200           11,912,999   

Monsanto Co.

     139,701           10,163,248   

Stella Chemifa Corp.

     342,300           9,914,403   
       

 

 

 
          43,595,142   
       

 

 

 

Metals & Mining - 6.1%

       

Barrick Gold Corp.

     382,400           18,928,800   

Freeport-McMoRan Copper & Gold, Inc.

     288,600           11,619,036   

Goldcorp, Inc.

     307,060           14,940,968   

Ivanhoe Mines Ltd./CA (a)

     193,720           3,964,773   

Mongolian Mining Corp. (a)

     11,418,000           10,173,446   
       

 

 

 
          59,627,023   
       

 

 

 
          103,222,165   
       

 

 

 

Health Care - 9.1%

       

Biotechnology - 2.6%

       

Cepheid, Inc. (a)

     293,920           10,545,850   

Genomic Health, Inc. (a)

     710,785           15,210,799   
       

 

 

 
          25,756,649   
       

 

 

 

Health Care Equipment & Supplies - 1.5%

       

Given Imaging Ltd. (a)

     933,614           14,676,412   
       

 

 

 

Health Care Technology - 1.2%

       

athenahealth, Inc. (a)

     217,858           11,526,867   
       

 

 

 

Life Sciences Tools & Services - 3.8%

       

Covance, Inc. (a)

     224,290           11,378,231   

Illumina, Inc. (a)

     862,106           26,397,686   
       

 

 

 
          37,775,917   
       

 

 

 
          89,735,845   
       

 

 

 

Industrials - 7.8%

       

Construction & Engineering - 1.2%

       

Shaw Group, Inc. (The) (a)

     500,680           11,645,817   
       

 

 

 

Electrical Equipment - 4.0%

       

A123 Systems, Inc. (a)

     3,279,814           11,249,762   

Babcock & Wilcox Co. (The) (a)

     665,200           14,627,748   

Mitsubishi Electric Corp.

     1,493,000           13,815,023   
       

 

 

 
          39,692,533   
       

 

 

 

Machinery - 1.5%

       

FANUC Corp.

     90,000           14,552,114   
       

 

 

 

Road & Rail - 1.1%

       

Zipcar, Inc. (a)

     552,913           11,307,071   
       

 

 

 
          77,197,535   
       

 

 

 


Company

   Shares        U.S. $ Value  

Consumer Staples - 1.9%

       

Beverages - 1.1%

       

Heckmann Corp. (a)

     1,835,919           10,997,155   
       

 

 

 

Food Products - 0.8%

       

Besunyen Holdings Co., Ltd.

     36,029,000           7,942,296   
       

 

 

 
          18,939,451   
       

 

 

 

Total Common Stocks
(cost $1,131,674,755)

          968,621,025   
       

 

 

 
     Contracts           

OPTIONS PURCHASED - CALLS - 0.6%

       

Options on Funds and Investment Trusts - 0.6%

       

Market Vectors Gold Miners
Expiration: Jan 2012, Exercise Price: $65.00 (a)(c)

     17,550           3,044,925   

Market Vectors JR Gold Miners
Expiration: Jan 2013, Exercise Price: $45.00 (a)(c)

     12,000           3,360,000   
       

 

 

 

Total Options Purchased - Calls
(cost $17,359,859)

          6,404,925   
       

 

 

 

SHORT-TERM INVESTMENTS - 2.6%

       

Investment Companies - 2.6%

       

AllianceBernstein Fixed-Income Shares, Inc.-
Government STIF Portfolio, 0.09% (d)
(cost $25,287,270)

     25,287,270           25,287,270   
       

 

 

 

Total Investments - 101.4%
(cost $1,174,321,884) (e)

          1,000,313,220   

Other assets less liabilities - (1.4%)

          (13,641,874 ) 
       

 

 

 

Net Assets - 100.0%

        $ 986,671,346   
       

 

 

 

FORWARD CURRENCY EXCHANGE CONTRACTS

 

Counterparty & Description

   Contract
Amount
(000)
     U.S. $
Value on
Origination
Date
     U.S. $
Value at
October 31,
2011
     Unrealized
Appreciation/
(Depreciation)
 

Buy Contracts

           

Barclays Bank PLC Wholesale:

           

Euro settling 1/13/12

     61,018       $ 82,410,728       $ 84,388,098       $ 1,977,370   

Royal Bank of Canada:

           

Canadian Dollar settling 1/13/12

     26,328         25,540,336         26,370,274         829,938   

Royal Bank of Canada:

           

Great British Pound settling 1/13/12

     56,066         87,186,555         90,079,031         2,892,476   

Standard Chartered Bank:

           

Australian Dollar settling 1/13/12

     23,165         22,541,862         24,204,108         1,662,246   

Sale Contracts

           

Barclays Bank PLC Wholesale:

           

Japanese Yen settling 1/13/12

     403,146         5,260,585         5,163,942         96,643   
           

 

 

 
            $ 7,458,673   
           

 

 

 

 


(a) Non-income producing security.
(b) Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At October 31, 2011, the market value of this security amounted to $14,926,061 or 1.5% of net assets.
(c) One contract relates to 100 shares.
(d) Investment in affiliated money market mutual fund. The rate shown represents the 7-day yield as of period end.
(e) As of October 31, 2011, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $35,450,713 and gross unrealized depreciation of investments was $(209,459,377), resulting in net unrealized depreciation of $(174,008,664).

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

AllianceBernstein Global Thematic Growth Fund

October 31, 2011 (unaudited)

Country Breakdown *

 

  59.4  

United States

  8.2  

Japan

  6.9  

China

  5.0  

Canada

  2.6  

Hong Kong

  2.3  

Indonesia

  1.7  

Australia

  1.5  

Israel

  1.4  

United Kingdom

  1.2  

Switzerland

  1.2  

Argentina

  1.2  

Germany

  1.1  

Italy

  3.8  

Other

  2.5  

Short-Term

 

 

   
  100.0  

Total Investments

 

 

   

 

* All data are as of October 31, 2011. The Fund’s country breakdown is expressed as a percentage of total investments and may vary over time. “Other” country weightings represent 1.1% or less in the following countries: India, Luxembourg Mongolia and Thailand.


AllianceBernstein Global Thematic Growth Fund

October 31, 2011 (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. The U.S. GAAP disclosure requirements establish 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 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 October 31, 2011:

 

Investments in Securities:

   Level 1     Level 2     Level 3     Total  

Assets:

        

Common Stocks

        

Information Technology

   $ 207,353,255      $ 15,334,657      $ – 0  –    $ 222,687,912   

Financials

     93,022,962        76,607,032        10,460,366        180,090,360   

Energy

     114,110,781        28,116,789        – 0  –      142,227,570   

Consumer Discretionary

     73,124,857        61,395,330        – 0  –      134,520,187   

Materials

     71,221,317        32,000,848        – 0  –      103,222,165   

Health Care

     89,735,845        – 0  –      – 0  –      89,735,845   

Industrials

     48,830,398        28,367,137        – 0  –      77,197,535   

Consumer Staples

     10,997,155        7,942,296        – 0  –      18,939,451   

Options Purchased - Calls

     – 0  –      6,404,925        – 0  –      6,404,925   

Short-Term Investments

     25,287,270        – 0  –      – 0  –      25,287,270   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total Investments in Securities

     733,683,840        256,169,014  +      10,460,366        1,000,313,220   

Other Financial Instruments* :

        

Assets:

        

Forward Currency Exchange Contracts

     – 0  –      7,458,673        – 0  –      7,458,673   

Liabilities

     – 0  –      – 0  –      – 0  –      – 0  – 
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $     733,683,840      $     263,627,687      $     10,460,366      $     1,007,771,893   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.
+ A significant portion of the Fund’s foreign equity investments are categorized as Level 2 investments since they are valued using fair value prices based on third party vendor modeling tools to the extent available.

Following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value. The transfers between levels of the fair value hierarchy assumes the financial instrument was transferred at the beginning of the reporting period.

 

     Financials     Total  

Balance as of 7/31/11

   $ 13,187,810      $ 13,187,810   

Accrued discounts/(premiums)

     – 0  –      – 0  – 

Realized gain (loss)

     (1,335,509     (1,335,509

Change in unrealized appreciation/depreciation

     (549,566     (549,566

Purchases

     5,812,610        5,812,610   

Sales

     (6,654,979     (6,654,979

Transfers in to Level 3

     – 0  –      – 0  – 

Transfers out of Level 3

     – 0  –      – 0  – 
  

 

 

   

 

 

 

Balance as of 10/31/11

   $ 10,460,366      $ 10,460,366   
  

 

 

   

 

 

 

Net change in unrealized appreciation/depreciation from Investments held as of 10/31/11

   $ (549,566   $ (549,566
  

 

 

   

 

 

 


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

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

 

By:  

/s/    Robert M. Keith

  Robert M. Keith
  President

Date: December 22, 2011

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: December 22, 2011

 

By:  

/s/    Joseph J. Mantineo

  Joseph J. Mantineo
  Treasurer and Chief Financial Officer

Date: December 22, 2011