Value Line Centurion Fund, Inc.
Schedule of Investments
March 31, 2021 (Unaudited)
| Shares | Value | |||||||
| Common Stocks 94.8% | ||||||||
| Consumer Discretionary 8.0% | ||||||||
| Retail 8.0% | ||||||||
| 2,800 | AutoZone, Inc.(1) | $ | 3,932,040 | |||||
| 4,900 | Domino's Pizza, Inc. | 1,802,171 | ||||||
| 3,800 | O'Reilly Automotive, Inc.(1) | 1,927,550 | ||||||
| 72,800 | TJX Companies, Inc. (The) | 4,815,720 | ||||||
| 12,477,481 | ||||||||
| Consumer Staples 7.4% | ||||||||
| Food 2.2% | ||||||||
| 21,500 | J&J Snack Foods Corp. | 3,376,145 | ||||||
| Household Products 3.4% | ||||||||
| 61,600 | Church & Dwight Co., Inc. | 5,380,760 | ||||||
| Retail 1.8% | ||||||||
| 13,100 | Casey's General Stores, Inc. | 2,832,089 | ||||||
| 11,588,994 | ||||||||
| Financials 4.7% | ||||||||
| Insurance 4.7% | ||||||||
| 3,000 | Alleghany Corp.(1) | 1,878,870 | ||||||
| 15,000 | American Financial Group, Inc. | 1,711,500 | ||||||
| 10,200 | Arch Capital Group, Ltd.(1) | 391,374 | ||||||
| 15,000 | Berkley (W.R.) Corp. | 1,130,250 | ||||||
| 13,500 | RenaissanceRe Holdings, Ltd. | 2,163,375 | ||||||
| 7,275,369 | ||||||||
| Healthcare 10.9% | ||||||||
| Electronics 4.6% | ||||||||
| 6,200 | Mettler-Toledo International, Inc.(1) | 7,165,278 | ||||||
| Healthcare Products 4.9% | ||||||||
| 2,600 | Cooper Cos., Inc. (The) | 998,634 | ||||||
| 13,500 | IDEXX Laboratories, Inc.(1) | 6,605,685 | ||||||
| 7,604,319 | ||||||||
| Healthcare Services 1.4% | ||||||||
| 5,000 | Chemed Corp. | 2,299,100 | ||||||
| 17,068,697 | ||||||||
| Industrials 37.1% | ||||||||
| Aerospace & Defense 10.0% | ||||||||
| 41,033 | HEICO Corp. | 5,161,951 | ||||||
| 6,000 | Northrop Grumman Corp. | 1,941,840 | ||||||
| 15,500 | Teledyne Technologies, Inc.(1) | 6,411,575 | ||||||
| 3,600 | TransDigm Group, Inc.(1) | 2,116,512 | ||||||
| 15,631,878 | ||||||||
| Commercial Services 10.1% | ||||||||
| 3,500 | Cintas Corp. | 1,194,585 | ||||||
| 20,500 | Equifax, Inc. | 3,713,165 | ||||||
| 27,030 | IHS Markit, Ltd. | 2,615,963 | ||||||
| 214,499 | Rollins, Inc. | 7,383,056 | ||||||
| 5,000 | Verisk Analytics, Inc. | 883,450 | ||||||
| 15,790,219 | ||||||||
| Electrical Equipment 2.9% | ||||||||
| 35,000 | AMETEK, Inc. | 4,470,550 | ||||||
| Environmental Control 5.6% | ||||||||
| 32,000 | Republic Services, Inc. | 3,179,200 | ||||||
| 51,300 | Waste Connections, Inc. | 5,539,374 | ||||||
| 8,718,574 | ||||||||
| Machinery Diversified 3.1% | ||||||||
| 4,200 | IDEX Corp. | 879,144 | ||||||
| 38,000 | Toro Co. (The) | 3,919,320 | ||||||
| 4,798,464 | ||||||||
| Miscellaneous Manufacturers 1.4% | ||||||||
| 13,800 | Carlisle Companies, Inc. | 2,271,204 | ||||||
| Software 4.0% | ||||||||
| 15,400 | Roper Technologies, Inc. | 6,211,436 | ||||||
| 57,892,325 | ||||||||
| Information Technology 17.4% | ||||||||
| Commercial Services 2.0% | ||||||||
| 16,900 | Gartner, Inc.(1) | 3,085,095 | ||||||
| Computers 0.6% | ||||||||
| 11,000 | CGI, Inc.(1) | 915,420 | ||||||
| Software 14.8% | ||||||||
| 15,800 | ANSYS, Inc.(1) | 5,365,048 | ||||||
| 25,000 | Cadence Design Systems, Inc.(1) | 3,424,750 | ||||||
| 5,200 | Fair Isaac Corp.(1) | 2,527,460 | ||||||
| 51,200 | Fiserv, Inc.(1) | 6,094,848 | ||||||
| 10,900 | Jack Henry & Associates, Inc. | 1,653,748 | ||||||
| 35,000 | Open Text Corp.(2) | 1,669,850 | ||||||
| 5,591 | Tyler Technologies, Inc.(1) | 2,373,547 | ||||||
| 23,109,251 | ||||||||
| 27,109,766 | ||||||||
| Materials 7.7% | ||||||||
| Chemicals 3.5% | ||||||||
| 17,000 | Ecolab, Inc. | 3,639,190 | ||||||
| 16,600 | FMC Corp. | 1,836,126 | ||||||
| 5,475,316 | ||||||||
1
Value Line Centurion Fund, Inc.
Schedule of Investments (Continued)
March 31, 2021 (Unaudited)
| Packaging & Containers 4.2% | ||||||||
| 21,000 | AptarGroup, Inc. | $ | 2,975,070 | |||||
| 42,400 | Ball Corp. | 3,592,976 | ||||||
| 6,568,046 | ||||||||
| 12,043,362 | ||||||||
| Real Estate 1.6% | ||||||||
| REITS 1.6% | ||||||||
| 8,000 | American Tower Corp. REIT | 1,912,480 | ||||||
| 8,000 | Equity Lifestyle Properties, Inc. REIT | 509,120 | ||||||
| 2,421,600 | ||||||||
| Total Common Stocks (Cost $55,334,384) | 147,877,594 | |||||||
| Short-Term Investment 5.3% | ||||||||
| Money Market Fund 5.3% | ||||||||
| 8,273,114 | State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.04%(3) | 8,273,114 | ||||||
| Total Short-Term Investments (Cost $8,273,114) | 8,273,114 | |||||||
| Total Investments 100.1% (Cost $63,607,498) | $ | 156,150,708 | ||||||
| Excess Of Liabilities Over Cash And Other Assets (0.1)% | (177,583 | ) | ||||||
| Net Assets(4) 100.0% | $ | 155,973,125 | ||||||
| (1) | Non-income producing. |
| (2) | A portion or all of the security was held on loan. As of March 31, 2021, the market value of the securities on loan was $1,669,850. |
| (3) | Rate reflects 7 day yield as of March 31, 2021. |
| (4) | For federal income tax purposes, the aggregate cost was $63,607,498, aggregate gross unrealized appreciation was $93,582,330, aggregate gross unrealized depreciation was $1,039,120 and the net unrealized appreciation was $92,543,210. |
| REIT | Real Estate Investment Trust. |
2
The Fund follows fair valuation accounting standards (FASB ASC 820-10) which establishes a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion of changes in valuation techniques and related inputs during the period. These inputs are summarized in the three broad levels listed below:
| • Level 1 – | Inputs that reflect unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access at the measurement date; |
| • Level 2 – | Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly, including inputs in markets that are not considered to be active; |
| • Level 3 – | Inputs that are unobservable. |
Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment’s valuation changes. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following table summarizes the inputs used to value the Fund's investments in securities as of March 31, 2021:
| Investments in Securities: | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Assets | ||||||||||||||||
| Common Stocks* | $ | 147,877,594 | $ | — | $ | — | $ | 147,877,594 | ||||||||
| Short-Term Investment | 8,273,114 | — | — | 8,273,114 | ||||||||||||
| Total Investments in Securities | $ | 156,150,708 | $ | — | $ | — | $ | 156,150,708 | ||||||||
* See Schedule of Investments for further breakdown by category.
An investment asset’s or liability’s level within the fair value hierarchy is based on the lowest level input, individually or in aggregate, that is significant to fair value measurement. The objective of fair value measurement remains the same even when there is a significant decrease in the volume and level of activity for an asset or liability and regardless of the valuation techniques used.
During the period ended March 31, 2021, there were no Level 3 investments. The Schedule of Investments includes a breakdown of the Fund’s investments by category.