N-Q 1 a07-6954_14nq.htm N-Q

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number

811-05041

 

 

CREDIT SUISSE LARGE CAP GROWTH FUND

(Exact name of registrant as specified in charter)

 

c/o Credit Suisse Asset Management, LLC
Eleven Madison Avenue
New York, New York

 

10010

(Address of principal executive offices)

 

(Zip code)

 

J. Kevin Gao, Esq.
Eleven Madison Avenue
New York, New York 10010

(Name and address of agent for service)

 

Registrant's telephone number, including area code:

(212) 325-2000

 

 

Date of fiscal year end:

October 31st

 

 

 

 

Date of reporting period:

November 1, 2006 to January 31, 2007

 

 


 

Item 1:                   Schedule of Investments

 


 

Credit Suisse Large Cap Growth Fund

Schedule of Investments

January 31, 2007 (unaudited)

 

 

 

Number of 
Shares

 

Value

 

 

 

 

 

 

 

COMMON STOCKS (99.7%)

 

 

 

 

 

Aerospace & Defense (4.0%)

 

 

 

 

 

Boeing Co.

 

23,400

 

$

2,095,705

 

L-3 Communications Holdings, Inc.

 

9,700

 

798,698

 

Lockheed Martin Corp.

 

7,700

 

748,363

 

Raytheon Co.

 

20,200

 

1,048,380

 

United Technologies Corp.

 

2,900

 

197,258

 

 

 

 

 

 

 

 

 

 

 

4,888,404

 

 

 

 

 

 

 

Air Freight & Couriers (1.3%)

 

 

 

 

 

FedEx Corp.

 

14,100

 

1,556,640

 

 

 

 

 

 

 

Airlines (1.0%)

 

 

 

 

 

AMR Corp.*§

 

17,500

 

648,375

 

Continental Airlines, Inc. Class B*

 

12,900

 

535,221

 

 

 

 

 

 

 

 

 

 

 

1,183,596

 

 

 

 

 

 

 

Auto Components (0.7%)

 

 

 

 

 

BorgWarner, Inc.

 

9,400

 

644,276

 

Johnson Controls, Inc.

 

1,900

 

175,674

 

 

 

 

 

 

 

 

 

 

 

819,950

 

 

 

 

 

 

 

Automobiles (0.7%)

 

 

 

 

 

Avis Budget Group, Inc.

 

20,000

 

509,200

 

Harley-Davidson, Inc.

 

5,000

 

341,350

 

 

 

 

 

 

 

 

 

 

 

850,550

 

 

 

 

 

 

 

Banks (0.9%)

 

 

 

 

 

Wells Fargo & Co.

 

29,400

 

1,056,048

 

 

 

 

 

 

 

Beverages (3.4%)

 

 

 

 

 

Coca-Cola Co.

 

5,000

 

239,400

 

Molson Coors Brewing Co. Class B

 

11,700

 

945,360

 

Pepsi Bottling Group, Inc.

 

31,600

 

999,508

 

PepsiCo, Inc.

 

30,000

 

1,957,200

 

 

 

 

 

 

 

 

 

 

 

4,141,468

 

 

 

 

 

 

 

Biotechnology (2.4%)

 

 

 

 

 

Amgen, Inc.*

 

31,700

 

2,230,729

 

Biogen Idec, Inc.*

 

2,600

 

125,684

 

Cephalon, Inc.*

 

6,000

 

434,460

 

Genentech, Inc.*

 

1,400

 

122,318

 

 

 

 

 

 

 

 

 

 

 

2,913,191

 

 

 

 

 

 

 

Chemicals (1.2%)

 

 

 

 

 

Ashland, Inc.

 

5,900

 

410,345

 

PPG Industries, Inc.

 

10,800

 

715,932

 

Rohm & Haas Co.

 

7,400

 

385,244

 

 

 

 

 

 

 

 

 

 

 

1,511,521

 

 

 

 

 

 

 

Commercial Services & Supplies (1.3%)

 

 

 

 

 

Hewitt Associates, Inc. Class A*§

 

18,400

 

495,696

 

Manpower, Inc.

 

2,400

 

175,032

 

Steelcase, Inc. Class A

 

48,500

 

950,115

 

 

 

 

 

 

 

 

 

 

 

1,620,843

 

 

 

 

 

 

 

Commingled Fund (0.3%)

 

 

 

 

 

iShares Russell 1000 Growth Index Fund

 

7,000

 

395,570

 

 

 

 

 

 

 

Communications Equipment (2.8%)

 

 

 

 

 

Cisco Systems, Inc.*

 

78,800

 

2,095,292

 

Corning, Inc.*

 

7,000

 

145,880

 

Motorola, Inc.

 

47,300

 

938,905

 

 


 

 

 

Number of
Shares

 

Value

 

 

 

 

 

 

 

COMMON STOCKS

 

 

 

 

 

Communications Equipment

 

 

 

 

 

Qualcomm, Inc.

 

6,300

 

$

237,258

 

 

 

 

 

 

 

 

 

 

 

3,417,335

 

 

 

 

 

 

 

Computers & Peripherals (7.2%)

 

 

 

 

 

Apple Computer, Inc.*

 

9,300

 

797,289

 

Dell, Inc.*

 

56,200

 

1,362,288

 

Hewlett-Packard Co.

 

56,100

 

2,428,008

 

International Business Machines Corp.

 

33,200

 

3,291,780

 

Western Digital Corp.*

 

49,400

 

968,240

 

 

 

 

 

 

 

 

 

 

 

8,847,605

 

 

 

 

 

 

 

Diversified Financials (6.9%)

 

 

 

 

 

American Express Co.

 

4,300

 

250,346

 

CapitalSource, Inc.

 

33,100

 

919,849

 

First Marblehead Corp.§

 

19,950

 

1,085,280

 

Franklin Resources, Inc.

 

7,500

 

893,325

 

Goldman Sachs Group, Inc.

 

9,700

 

2,057,952

 

IndyMac Bancorp, Inc.§

 

20,200

 

785,578

 

Merrill Lynch & Company, Inc.

 

12,300

 

1,150,788

 

Morgan Stanley

 

14,400

 

1,192,176

 

SLM Corp.

 

2,600

 

119,496

 

 

 

 

 

 

 

 

 

 

 

8,454,790

 

 

 

 

 

 

 

Electric Utilities (0.5%)

 

 

 

 

 

Mirant Corp.*

 

12,500

 

427,250

 

NRG Energy, Inc.*

 

4,200

 

251,706

 

 

 

 

 

 

 

 

 

 

 

678,956

 

 

 

 

 

 

 

Electronic Equipment & Instruments (1.5%)

 

 

 

 

 

AVX Corp.§

 

19,400

 

280,330

 

Jabil Circuit, Inc.

 

17,900

 

429,421

 

Thermo Fisher Scientific, Inc.*

 

25,100

 

1,201,035

 

 

 

 

 

 

 

 

 

 

 

1,910,786

 

 

 

 

 

 

 

Energy Equipment & Services (1.5%)

 

 

 

 

 

Bonneville Pacific Corp.*^

 

16,883

 

126

 

ENSCO International, Inc.

 

6,900

 

351,003

 

Halliburton Co.

 

7,600

 

224,504

 

Tidewater, Inc.§

 

6,200

 

319,734

 

Unit Corp.*

 

19,400

 

940,512

 

 

 

 

 

 

 

 

 

 

 

1,835,879

 

 

 

 

 

 

 

Food & Drug Retailing (0.8%)

 

 

 

 

 

Kroger Co.

 

13,800

 

353,280

 

Walgreen Co.

 

13,900

 

629,670

 

 

 

 

 

 

 

 

 

 

 

982,950

 

 

 

 

 

 

 

Healthcare Equipment & Supplies (2.4%)

 

 

 

 

 

Baxter International, Inc.

 

2,800

 

139,048

 

Becton, Dickinson & Co.

 

15,900

 

1,223,346

 

IMS Health, Inc.

 

14,100

 

406,926

 

Kinetic Concepts, Inc.* §

 

20,000

 

983,800

 

Medtronic, Inc.

 

5,000

 

267,250

 

 

 

 

 

 

 

 

 

 

 

3,020,370

 

 

 

 

 

 

 

Healthcare Providers & Services (5.3%)

 

 

 

 

 

Aetna, Inc.

 

25,000

 

1,054,000

 

Coventry Health Care, Inc.*

 

7,100

 

366,005

 

Humana, Inc.*

 

18,700

 

1,037,850

 

McKesson Corp.

 

23,300

 

1,298,975

 

United Health Group, Inc.

 

38,300

 

2,001,558

 

WellCare Health Plans, Inc.*§

 

8,400

 

650,832

 

 


 

 

 

Number of
Shares

 

Value

 

 

 

 

 

 

 

COMMON STOCKS

 

 

 

 

 

Healthcare Providers & Services

 

 

 

 

 

WellPoint, Inc.*

 

1,900

 

$

148,922

 

 

 

 

 

 

 

 

 

 

 

6,558,142

 

 

 

 

 

 

 

Hotels, Restaurants & Leisure (1.1%)

 

 

 

 

 

Brinker International, Inc.

 

33,600

 

1,060,080

 

Penn National Gaming, Inc.*

 

4,400

 

192,808

 

Wynn Resorts, Ltd.

 

1,200

 

134,088

 

 

 

 

 

 

 

 

 

 

 

1,386,976

 

 

 

 

 

 

 

Household Durables (0.8%)

 

 

 

 

 

Harman International Industries, Inc.

 

5,900

 

557,963

 

Whirlpool Corp.§

 

5,300

 

484,579

 

 

 

 

 

 

 

 

 

 

 

1,042,542

 

 

 

 

 

 

 

Household Products (1.3%)

 

 

 

 

 

Procter & Gamble Co.

 

25,600

 

1,660,672

 

 

 

 

 

 

 

Industrial Conglomerates (2.6%)

 

 

 

 

 

3M Co.

 

2,700

 

200,610

 

General Electric Co.

 

65,400

 

2,357,670

 

Honeywell International, Inc.

 

14,800

 

676,212

 

 

 

 

 

 

 

 

 

 

 

3,234,492

 

 

 

 

 

 

 

Insurance (2.3%)

 

 

 

 

 

Axis Capital Holdings, Ltd.

 

18,500

 

609,575

 

HCC Insurance Holdings, Inc.

 

6,400

 

199,872

 

Prudential Financial, Inc.

 

13,100

 

1,167,603

 

W.R. Berkley Corp.

 

27,700

 

916,593

 

 

 

 

 

 

 

 

 

 

 

2,893,643

 

 

 

 

 

 

 

Internet & Catalog Retail (0.1%)

 

 

 

 

 

Nutri/System, Inc.*§

 

2,500

 

110,125

 

 

 

 

 

 

 

Internet Software & Services (1.9%)

 

 

 

 

 

eBay, Inc.*

 

4,200

 

136,038

 

Google, Inc. Class A*

 

3,500

 

1,754,550

 

IAC/InterActive Corp.*§

 

3,700

 

142,080

 

VeriSign, Inc.*

 

10,500

 

250,950

 

 

 

 

 

 

 

 

 

 

 

2,283,618

 

 

 

 

 

 

 

IT Consulting & Services (1.7%)

 

 

 

 

 

Accenture, Ltd. Class A

 

28,400

 

1,072,100

 

Electronic Data Systems Corp.

 

40,400

 

1,062,924

 

 

 

 

 

 

 

 

 

 

 

2,135,024

 

 

 

 

 

 

 

Leisure Equipment & Products (0.3%)

 

 

 

 

 

Eastman Kodak Co.§

 

12,700

 

328,422

 

 

 

 

 

 

 

Machinery (4.1%)

 

 

 

 

 

Caterpillar, Inc.

 

3,400

 

217,838

 

Cummins, Inc.

 

8,700

 

1,170,672

 

Dover Corp.

 

22,400

 

1,111,040

 

Gardner Denver, Inc.*§

 

4,500

 

173,475

 

Lincoln Electric Holdings, Inc.

 

9,100

 

553,007

 

Manitowoc Company, Inc.

 

2,200

 

114,092

 

Parker Hannifin Corp.

 

12,300

 

1,017,948

 

Terex Corp.*

 

11,200

 

637,168

 

 

 

 

 

 

 

 

 

 

 

4,995,240

 

 

 

 

 

 

 

Media (2.9%)

 

 

 

 

 

CTC Media, Inc.*

 

10,500

 

225,855

 

DirecTV Group, Inc.*

 

56,700

 

1,382,913

 

EchoStar Communications Corp. Class A*

 

30,100

 

1,214,234

 

 


 

 

 

Number of
Shares

 

Value

 

 

 

 

 

 

 

COMMON STOCKS

 

 

 

 

 

Media

 

 

 

 

 

Regal Entertainment Group Class A§

 

17,800

 

$

400,500

 

Walt Disney Co.

 

9,200

 

323,564

 

 

 

 

 

 

 

 

 

 

 

3,547,066

 

 

 

 

 

 

 

Metals & Mining (1.3%)

 

 

 

 

 

Carpenter Technology Corp.

 

3,600

 

421,560

 

Freeport-McMoRan Copper & Gold, Inc. Class B§

 

17,600

 

1,012,176

 

Phelps Dodge Corp.

 

1,000

 

123,600

 

 

 

 

 

 

 

 

 

 

 

1,557,336

 

 

 

 

 

 

 

Multiline Retail (4.3%)

 

 

 

 

 

Dollar Tree Stores, Inc.*

 

28,700

 

902,902

 

Federated Department Stores, Inc.

 

15,600

 

647,244

 

J.C. Penney Company, Inc.

 

1,700

 

138,108

 

Kohl’s Corp.*

 

17,900

 

1,269,289

 

Target Corp.

 

2,000

 

122,720

 

Wal-Mart Stores, Inc.

 

46,600

 

2,222,354

 

 

 

 

 

 

 

 

 

 

 

5,302,617

 

 

 

 

 

 

 

Oil & Gas (2.7%)

 

 

 

 

 

Exxon Mobil Corp.

 

20,000

 

1,482,000

 

Marathon Oil Corp.

 

9,900

 

894,366

 

Todco*§

 

27,900

 

966,177

 

 

 

 

 

 

 

 

 

 

 

3,342,543

 

 

 

 

 

 

 

Personal Products (0.3%)

 

 

 

 

 

Estee Lauder Companies, Inc. Class A

 

6,900

 

327,750

 

 

 

 

 

 

 

Pharmaceuticals (7.7%)

 

 

 

 

 

Abbott Laboratories

 

5,700

 

302,100

 

Barr Pharmaceuticals, Inc.*

 

4,500

 

240,840

 

Endo Pharmaceuticals Holdings, Inc.*

 

14,800

 

454,656

 

Forest Laboratories, Inc.*

 

20,000

 

1,122,200

 

Johnson & Johnson

 

71,200

 

4,756,160

 

Mylan Laboratories, Inc.

 

49,500

 

1,095,930

 

Schering-Plough Corp.

 

59,800

 

1,495,000

 

 

 

 

 

 

 

 

 

 

 

9,466,886

 

 

 

 

 

 

 

Real Estate (0.6%)

 

 

 

 

 

CB Richard Ellis Group, Inc. Class A*

 

19,900

 

748,439

 

 

 

 

 

 

 

Road & Rail (1.3%)

 

 

 

 

 

CSX Corp.

 

10,100

 

371,579

 

Union Pacific Corp.

 

12,800

 

1,292,800

 

 

 

 

 

 

 

 

 

 

 

1,664,379

 

 

 

 

 

 

 

Semiconductor Equipment & Products (5.9%)

 

 

 

 

 

Advanced Micro Devices, Inc.*§

 

43,700

 

679,535

 

Intel Corp.

 

140,600

 

2,946,976

 

Lam Research Corp.*

 

20,600

 

943,686

 

Micron Technology, Inc.*

 

71,700

 

928,515

 

Texas Instruments, Inc.

 

55,000

 

1,715,450

 

 

 

 

 

 

 

 

 

 

 

7,214,162

 

 

 

 

 

 

 

Software (5.7%)

 

 

 

 

 

Autodesk, Inc.*

 

4,400

 

192,368

 

Cerner Corp.*§

 

2,700

 

121,311

 

Intuit, Inc.*

 

4,300

 

135,235

 

Microsoft Corp.

 

176,200

 

5,437,532

 

Oracle Corp.*

 

17,500

 

300,300

 

Synopsys, Inc.*

 

33,000

 

877,800

 

 

 

 

 

 

 

 

 

 

 

7,064,546

 

 


 

 

 

Number of
Shares

 

Value

 

 

 

 

 

 

 

COMMON STOCKS

 

 

 

 

 

Specialty Retail (3.2%)

 

 

 

 

 

AnnTaylor Stores Corp.*

 

3,600

 

$

124,200

 

AutoZone, Inc.*

 

1,200

 

150,756

 

Best Buy Company, Inc.§

 

7,600

 

383,040

 

Circuit City Stores, Inc.

 

5,400

 

110,214

 

Dick’s Sporting Goods, Inc.*

 

2,600

 

133,874

 

Home Depot, Inc.

 

12,000

 

488,880

 

Lowe’s Companies, Inc.

 

3,700

 

124,727

 

Office Depot, Inc.*

 

25,300

 

945,967

 

Rent-A-Center, Inc.*

 

8,900

 

262,194

 

Ross Stores, Inc.

 

11,400

 

369,246

 

Staples, Inc.

 

12,400

 

318,928

 

TJX Companies, Inc.

 

20,000

 

591,400

 

 

 

 

 

 

 

 

 

 

 

4,003,426

 

 

 

 

 

 

 

Textiles & Apparel (0.2%)

 

 

 

 

 

Nike, Inc. Class B

 

3,100

 

306,311

 

 

 

 

 

 

 

Tobacco (1.3%)

 

 

 

 

 

Altria Group, Inc.

 

16,100

 

1,406,979

 

Loews Corp. - Carolina Group

 

2,200

 

150,788

 

 

 

 

 

 

 

 

 

 

 

1,557,767

 

 

 

 

 

 

 

TOTAL COMMON STOCKS (Cost $115,296,329)

 

 

 

122,818,576

 

 

 

 

 

 

 

SHORT-TERM INVESTMENTS (7.8%)

 

 

 

 

 

State Street Navigator Prime Portfolio§§

 

9,069,786

 

9,069,786

 

 

 

 

Par

 

 

 

 

 

(000)

 

 

 

State Street Bank and Trust Co. Euro Time Deposit, 4.100%, 02/01/07

 

$

601

 

601,000

 

 

 

 

 

 

 

TOTAL SHORT-TERM INVESTMENTS (Cost $9,670,786)

 

 

 

9,670,786

 

 

 

 

 

 

 

TOTAL INVESTMENTS AT VALUE (107.5%) (Cost $124,967,115)

 

 

 

132,489,362

 

 

 

 

 

 

 

LIABILITIES IN EXCESS OF OTHER ASSETS (-7.5%)

 

 

 

(9,286,017

)

 

 

 

 

 

 

NET ASSETS (100.0%)

 

 

 

 

$

123,203,345

 

 

 

*

 

Non-income producing security.

^

 

Not readily marketable security; security is valued at fair value as determined in good faith by, or under the direction of, the Board of Trustees.

§

 

Security or portion thereof is out on loan.

§§

 

Represents security purchased with cash collateral received for securities on loan.

 

 

 

Security Valuation – The net asset value of the Fund is determined daily as of the close of regular trading on the New York Stock Exchange, Inc. (the “Exchange”) on each day the Exchange is open for business. Equity investments are valued at market value, which is generally determined using the closing price on the exchange or market on which the security is primarily traded at the time of valuation (the “Valuation Time”). If no sales are reported, equity investments are generally valued at the most recent bid quotation as of the Valuation Time or at the lowest asked quotation in the case of a short sale of securities. Debt securities with a remaining maturity greater than 60 days are valued in accordance with the price supplied by a pricing service, which may use a matrix, formula or other objective method that takes into consideration market indices, yield curves and other specific adjustments. Debt obligations that will mature in 60 days or less are valued on the basis of amortized cost, which approximates market value, unless it is determined that using this method would not represent fair value. Investments in mutual funds are valued at the mutual fund’s closing net asset value per share on the day of valuation. Securities and other assets for which market quotations are not readily available, or whose values have been materially affected by events occurring before the Fund’s Valuation Time but after the close of the securities’ primary markets, are valued at fair value as determined in good faith by, or under the direction of, the Board of Trustees under procedures established by the Board of Trustees. The Fund may utilize a service provided by an independent third party which has been approved by the Board of Trustees to fair value certain securities. When fair-value pricing is employed, the price of securities used by a fund to calculate its net asset value may differ from quoted or published prices for the same securities.

 

Federal Income Tax Cost – At January 31, 2007, the identified cost for federal income tax purposes, as well as the gross unrealized appreciation from investments for those securities having an excess of value over cost, gross unrealized depreciation from investments for those securities having an excess of cost over value and the net unrealized appreciation from investments were $124,967,115, $9,047,716, $(1,525,469) and $7,522,247, respectively.

 

Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is also available on the Fund’s website at www.credit-suisse.com/us as well as on the website of the Securities and Exchange Commission at  www.sec.gov.

 


 

Item 2:                   Controls and Procedures

 

(a)           As of a date within 90 days from the filing date of this report, the principal executive officer and principal financial officer concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)), were effective based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities and Exchange Act of 1934.

 

(b)           There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

Item 3:                   Exhibits

 

1.             The certifications of the registrant as required by Rule 30a-2(a) under the Act are exhibits to this report.

 


 

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.

 

 

 

CREDIT SUISSE LARGE CAP GROWTH FUND

 

 

 

/s/Keith M. Schappert

 

 

Name:

Keith M. Schappert

 

Title:

Chief Executive Officer

 

Date:

March 28, 2007

 

 

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.

 

 

/s/Keith M. Schappert

 

 

Name:

Keith M. Schappert

 

Title:

Chief Executive Officer

 

Date:

March 28, 2007

 

 

/s/Michael A. Pignataro

 

 

Name:

Michael A. Pignataro

 

Title:

Chief Financial Officer

 

Date:

March 28, 2007