N-Q 1 dnq.htm THE ALLIANCEBERNSTEIN PORTFOLIOS GROWTH FUND THE ALLIANCEBERNSTEIN PORTFOLIOS GROWTH FUND

 

 

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: 811-05088

THE ALLIANCEBERNSTEIN PORTFOLIOS

(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, 2009

Date of reporting period: April 30, 2009

 

 

 


ITEM 1. SCHEDULE OF INVESTMENTS.


AllianceBernstein Growth Fund

Portfolio of Investments

April 30, 2009 (unaudited)

 

Company

   Shares      U.S. $ Value

COMMON STOCKS - 97.3%

       

Information Technology - 30.7%

       

Communications Equipment - 7.2%

       

Cisco Systems, Inc. (a)

   949,200      $ 18,338,544

Corning, Inc.

   405,000        5,921,100

QUALCOMM, Inc.

   397,800        16,834,896
           
          41,094,540
           

Computers & Peripherals - 4.7%

       

EMC Corp. (a)

   533,200        6,680,996

Hewlett-Packard Co.

   450,100        16,194,598

NetApp, Inc. (a)

   212,100        3,881,430
           
          26,757,024
           

Internet Software & Services - 3.0%

       

Google, Inc.-Class A (a)

   42,800        16,947,516
           

IT Services - 1.0%

       

Visa, Inc.-Class A

   84,100        5,463,136
           

Semiconductors & Semiconductor Equipment - 6.1%

       

Altera Corp.

   276,200        4,504,822

Analog Devices, Inc.

   371,400        7,903,392

Intel Corp.

   1,157,100        18,259,038

Linear Technology Corp.

   90,000        1,960,200

Marvell Technology Group Ltd. (a)

   203,100        2,230,038
           
          34,857,490
           

Software - 8.7%

       

Activision Blizzard, Inc. (a)

   278,300        2,997,291

Adobe Systems, Inc. (a)

   362,500        9,914,375

Microsoft Corp.

   578,300        11,716,358

Red Hat, Inc. (a)

   509,900        8,805,973

Salesforce.com, Inc. (a)

   72,100        3,086,601

Symantec Corp. (a)

   490,900        8,468,025

Synopsys, Inc. (a)

   191,700        4,175,226
           
          49,163,849
           
          174,283,555
           

Health Care - 14.5%

       

Biotechnology - 3.8%

       

Amgen, Inc. (a)

   58,600        2,840,342

Celgene Corp. (a)

   221,890        9,479,141

Gilead Sciences, Inc. (a)

   203,330        9,312,514
           
          21,631,997
           


Health Care Equipment & Supplies - 3.9%

       

Alcon, Inc.

   15,100      1,389,351

Baxter International, Inc.

   203,700      9,879,450

Becton Dickinson & Co.

   124,300      7,517,664

Covidien Ltd.

   95,200      3,139,696
         
          21,926,161
         

Health Care Providers & Services - 2.3%

       

Aetna, Inc.

   141,600      3,116,616

Medco Health Solutions, Inc. (a)

   231,180      10,067,889
         
        13,184,505
         

Pharmaceuticals - 4.5%

       

Abbott Laboratories

   96,200      4,025,970

Bristol-Myers Squibb Co.

   412,200      7,914,240

Schering-Plough Corp.

   275,500      6,342,010

Teva Pharmaceutical Industries Ltd. (Sponsored)(ADR)

   124,350      5,457,721

Wyeth

   47,600      2,018,240
         
        25,758,181
         
        82,500,844
         

Consumer Discretionary - 12.5%

       

Diversified Consumer Services - 0.8%

       

ITT Educational Services, Inc. (a)

   45,800      4,615,266
         

Hotels, Restaurants & Leisure - 1.5%

       

McDonald’s Corp.

   163,900      8,734,231
         

Internet & Catalog Retail - 0.9%

       

Amazon.Com, Inc. (a)

   62,800      5,056,656
         

Media - 4.2%

       

The DIRECTV Group, Inc. (a)

   192,100      4,750,633

Liberty Media Corp. - Entertainment Series A (a)

   309,900      7,546,065

Time Warner Cable, Inc.-Class A

   151,913      4,896,156

Time Warner, Inc.

   146,400      3,195,912

The Walt Disney Co.

   152,800      3,346,320
         
        23,735,086
         

Multiline Retail - 2.0%

       

Kohl’s Corp. (a)

   129,600      5,877,360

Target Corp.

   133,400      5,504,084
         
        11,381,444
         

Specialty Retail - 0.8%

       

Ross Stores, Inc.

   124,500      4,723,530
         

Textiles, Apparel & Luxury Goods - 2.3%

       

Nike, Inc.-Class B

   139,300      7,309,071

Polo Ralph Lauren Corp.-Class A

   101,800      5,480,912
         
        12,789,983
         
        71,036,196
         

Industrials - 12.4%

       

Aerospace & Defense - 4.0%

       

Honeywell International, Inc.

   203,700      6,357,477

Lockheed Martin Corp.

   72,500      5,693,425

United Technologies Corp.

   219,600      10,725,264
         
        22,776,166
         


Airlines - 0.3%

       

Continental Airlines, Inc.-Class B (a)

   158,200      1,664,264
         

Construction & Engineering - 0.6%

       

Fluor Corp.

   85,680      3,244,701
         

Electrical Equipment - 2.3%

       

Ametek, Inc.

   211,620      6,816,280

Cooper Industries Ltd.-Class A

   101,100      3,315,069

Emerson Electric Co.

   89,190      3,036,028
         
          13,167,377
         

Machinery - 2.6%

       

Danaher Corp.

   134,870      7,881,803

PACCAR, Inc.

   190,600      6,754,864
         
        14,636,667
         

Road & Rail - 1.0%

       

Union Pacific Corp.

   122,200      6,004,908
         

Trading Companies & Distributors - 1.6%

       

WW Grainger, Inc.

   107,400      9,008,712
         
        70,502,795
         

Consumer Staples - 12.1%

       

Beverages - 4.4%

       

The Coca-Cola Co.

   285,400      12,286,470

PepsiCo, Inc.

   250,200      12,449,952
         
        24,736,422
         

Food & Staples Retailing - 4.6%

       

CVS Caremark Corp.

   220,400      7,004,312

Wal-Mart Stores, Inc.

   378,500      19,076,400
         
        26,080,712
         

Food Products - 0.3%

       

General Mills, Inc.

   39,000      1,976,910
         

Tobacco - 2.8%

       

Altria Group, Inc.

   212,500      3,470,125

Philip Morris International, Inc.

   341,100      12,347,820
         
        15,817,945
         
        68,611,989
         

Energy - 9.7%

       

Energy Equipment & Services - 5.4%

       

Cameron International Corp. (a)

   274,360      7,018,129

National Oilwell Varco, Inc. (a)

   234,700      7,106,716

Schlumberger Ltd.

   331,060      16,218,629
         
        30,343,474
         

Oil, Gas & Consumable Fuels - 4.3%

       

Apache Corp.

   119,200      8,684,912

EOG Resources, Inc.

   51,600      3,275,568

Petroleo Brasileiro SA(ADR)

   129,000      4,330,530

StatoilHydro ASA(ADR)

   341,800      6,357,480

XTO Energy, Inc.

   54,900      1,902,834
         
        24,551,324
         
        54,894,798
         


Financials - 3.2%

       

Capital Markets - 1.4%

       

The Blackstone Group LP

   200,000        1,958,000

Franklin Resources, Inc.

   20,600        1,245,888

The Goldman Sachs Group, Inc.

   21,200        2,724,200

Morgan Stanley

   80,300        1,898,292
           
          7,826,380
           

Diversified Financial Services - 1.1%

       

CME Group, Inc.-Class A

   9,281        2,054,350

IntercontinentalExchange, Inc. (a)

   24,400        2,137,440

JP Morgan Chase & Co.

   62,140        2,050,620
           
          6,242,410
           

Insurance - 0.7%

       

Aflac, Inc.

   74,100        2,140,749

Axis Capital Holdings Ltd.

   76,800        1,892,352
           
          4,033,101
           
          18,101,891
           

Materials - 1.6%

       

Chemicals - 1.4%

       

Monsanto Co.

   92,050        7,814,125
           

Metals & Mining - 0.2%

       

Cliffs Natural Resources, Inc.

   52,900        1,219,874
           
          9,033,999
           

Telecommunication Services - 0.6%

       

Wireless Telecommunication Services - 0.6%

       

Leap Wireless International, Inc. (a)

   98,500        3,552,895
           

Total Common Stocks
(cost $553,255,278)

          552,518,962
           

SHORT-TERM INVESTMENTS - 1.4%

       

Investment Companies - 1.4%

       

AllianceBernstein Fixed-Income Shares,
Inc. - Government STIF Portfolio (b)
(cost $7,607,344)

   7,607,344        7,607,344
           

Total Investments - 98.7%
(cost $560,862,622) (c)

          560,126,306

Other assets less liabilities - 1.3%

          7,539,448
           

Net Assets - 100.0%

        $ 567,665,754
           

 

(a) Non-income producing security.

 

(b) Investment in affiliated money market mutual fund.

 

(c) As of April 30, 2009, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $40,085,426 and gross unrealized depreciation of investments was $(40,821,742), resulting in net unrealized depreciation of $(736,316).

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 and 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
LP -    Limited Partnership


FINANCIAL ACCOUNTING STANDARDS NO. 157

The Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective August 1, 2008. In accordance with FAS 157, 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. FAS 157 also 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. 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 developed 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 April 30, 2009:

 

Level

   Investments in
Securities
    Other
Financial
Instruments*
 

Level 1

   $     560,126,306     $             – 0  –

Level 2

     – 0  –     – 0  –

Level 3

     – 0  –     – 0  –
                

Total

   $ 560,126,306     $ – 0  –
                

 

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation / depreciation on the instrument.


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 changes in the registrant’s internal controls over financial reporting that occurred during the second fiscal quarter of the period that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

ITEM 3. EXHIBITS.

The following exhibits are attached to this Form N-Q:

 

EXHIBIT NO.

  

DESCRIPTION OF EXHIBIT

3 (a) (1)    Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
3 (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): The AllianceBernstein Portfolios
By:   /s/    Robert M. Keith
 

Robert M. Keith

President

Date:   June 22, 2009

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:   June 22, 2009
By:   /s/    Joseph J. Mantineo
 

Joseph J. Mantineo

Treasurer and Chief Financial Officer

Date:   June 22, 2009