NPORT-EX 2 NPORT_6406_61907882_1022.htm HTML

AB Cap Fund, Inc.

AB Small Cap Growth Portfolio

Portfolio of Investments

October 31, 2022 (unaudited)

 

Company    Shares        U.S. $ Value  

COMMON STOCKS – 94.1%

 

Information Technology – 20.5%

 

Electronic Equipment, Instruments & Components – 3.7%

 

Allegro MicroSystems, Inc.(a)

      1,813,522        $ 46,081,594  

Littelfuse, Inc.

      156,777          34,530,134  

Novanta, Inc.(a) (b)

      485,529          68,653,801  
       

 

 

  
          149,265,529  
       

 

 

  

IT Services – 4.1%

 

BigCommerce Holdings, Inc.(a) (b)

      3,126,213          46,455,525  

DigitalOcean Holdings, Inc.(a)

      1,098,700          39,465,304  

Flywire Corp.(a)

      1,661,319          36,465,952  

Shift4 Payments, Inc. - Class A(a) (b)

      901,305          41,432,991  
       

 

 

  
          163,819,772  
       

 

 

  

Semiconductors & Semiconductor Equipment – 4.6%

 

Lattice Semiconductor Corp.(a)

      862,505          41,840,118  

MACOM Technology Solutions Holdings, Inc.(a)

      1,077,385          62,348,270  

Onto Innovation, Inc.(a)

      534,760          35,743,358  

Silicon Laboratories, Inc.(a)

      368,261          42,320,554  
       

 

 

  
          182,252,300  
       

 

 

  

Software – 8.1%

 

Blackline, Inc.(a)

      707,269          39,607,064  

Braze, Inc. - Class A(a) (b)

      1,165,608          34,513,653  

Elastic NV(a)

      564,990          36,131,110  

Enfusion, Inc. - Class A(a)

      1,148,962          16,280,792  

Five9, Inc.(a)

      599,520          36,127,075  

Instructure Holdings, Inc.(a)

      77,445          1,829,251  

Manhattan Associates, Inc.(a)

      431,390          52,487,221  

Monday.com Ltd.(a)

      331,000          35,397,140  

Smartsheet, Inc. - Class A(a)

      1,187,907          41,481,712  

Varonis Systems, Inc.(a)

      1,202,384          32,187,820  
       

 

 

  
          326,042,838  
       

 

 

  
                 821,380,439  
       

 

 

  

Health Care – 20.0%

 

Biotechnology – 8.6%

 

ADC Therapeutics SA(a) (b)

      1,016,606          4,513,731  

Arrowhead Pharmaceuticals, Inc.(a)

      821,460          28,595,023  

Ascendis Pharma A/S (ADR)(a)

      168,784          19,410,160  

Blueprint Medicines Corp.(a) (b)

      499,779          25,908,543  

Coherus Biosciences, Inc.(a)

      2,063,901          17,955,939  

Erasca, Inc.(a) (b)

      1,399,664          11,435,255  

Insmed, Inc.(a) (b)

      1,453,631          25,176,889  

Intellia Therapeutics, Inc.(a)

      508,006          26,812,557  

IVERIC bio, Inc.(a)

      1,316,860          31,499,291  

Karuna Therapeutics, Inc.(a)

      190,920          41,876,393  

Legend Biotech Corp. (ADR)(a)

      441,312          21,986,164  

 

1

Company    Shares        U.S. $ Value  

Recursion Pharmaceuticals, Inc. - Class A(a) (b)

      1,569,548        $ 16,558,731  

Relay Therapeutics, Inc.(a)

      787,428          17,496,650  

Ultragenyx Pharmaceutical, Inc.(a)

      404,380          16,361,215  

Vir Biotechnology, Inc.(a)

      832,807          18,305,098  

Y-mAbs Therapeutics, Inc.(a)

      398,399          1,438,220  

Zentalis Pharmaceuticals, Inc.(a) (b)

      763,204          19,148,788  
       

 

 

  
          344,478,647  
       

 

 

  

Health Care Equipment & Supplies – 6.8%

 

AtriCure, Inc.(a)

      1,325,080          55,812,370  

iRhythm Technologies, Inc.(a)

      427,450          54,495,600  

Lantheus Holdings, Inc.(a)

      959,550          70,997,104  

Silk Road Medical, Inc.(a) (b)

      1,012,773          44,643,034  

Treace Medical Concepts, Inc.(a)

      1,969,206          48,206,163  
       

 

 

  
                 274,154,271  
       

 

 

  

Health Care Providers & Services – 2.8%

 

Inari Medical, Inc.(a)

      711,542          54,738,926  

R1 RCM, Inc.(a)

      3,234,289          57,117,544  
       

 

 

  
          111,856,470  
       

 

 

  

Life Sciences Tools & Services – 1.0%

 

Repligen Corp.(a)

      223,645          40,812,976  
       

 

 

  

Pharmaceuticals – 0.8%

 

Intra-Cellular Therapies, Inc.(a)

      721,720          32,960,952  
       

 

 

  
          804,263,316  
       

 

 

  

Industrials – 16.5%

 

Aerospace & Defense – 3.9%

 

Axon Enterprise, Inc.(a)

      369,791          53,782,403  

Curtiss-Wright Corp.

      336,150          56,416,054  

Hexcel Corp.

      861,210          47,969,397  
       

 

 

  
          158,167,854  
       

 

 

  

Building Products – 0.9%

 

Armstrong World Industries, Inc.

      459,987          34,761,218  
       

 

 

  

Commercial Services & Supplies – 1.4%

 

Tetra Tech, Inc.

      404,103          57,091,672  
       

 

 

  

Machinery – 3.6%

 

ITT, Inc.

      698,706          53,374,152  

John Bean Technologies Corp.

      435,221          39,692,155  

Middleby Corp. (The)(a)

      375,384          52,501,206  
       

 

 

  
          145,567,513  
       

 

 

  

Professional Services – 2.5%

 

FTI Consulting, Inc.(a)

      230,290          35,840,033  

Insperity, Inc.

      550,369          64,954,549  
       

 

 

  
          100,794,582  
       

 

 

  

 

2

Company    Shares        U.S. $ Value  

Road & Rail – 1.5%

 

Saia, Inc.(a) (b)

      305,244        $ 60,700,822  
       

 

 

  

Trading Companies & Distributors – 2.7%

 

Herc Holdings, Inc.

      540,340          63,549,388  

SiteOne Landscape Supply, Inc.(a)

      372,374          43,146,975  
       

 

 

  
          106,696,363  
       

 

 

  
          663,780,024  
       

 

 

  

Consumer Discretionary – 14.7%

 

Auto Components – 1.3%

 

Fox Factory Holding Corp.(a)

      619,001          54,379,238  
       

 

 

  

Diversified Consumer Services – 0.6%

 

European Wax Center, Inc. - Class A(b)

      1,649,716          23,722,916  
       

 

 

  

Hotels, Restaurants & Leisure – 5.8%

 

Hilton Grand Vacations, Inc.(a)

      1,749,248          68,640,492  

Life Time Group Holdings, Inc.(a) (b)

      2,915,944          30,588,253  

Planet Fitness, Inc. - Class A(a)

      871,055          57,036,681  

Texas Roadhouse, Inc.

      762,970          75,495,881  
       

 

 

  
                 231,761,307  
       

 

 

  

Household Durables – 1.9%

 

Lovesac Co. (The)(a) (b)

      893,579          21,749,713  

Skyline Champion Corp.(a)

      951,706          55,398,806  
       

 

 

  
          77,148,519  
       

 

 

  

Multiline Retail – 1.4%

 

Driven Brands Holdings, Inc.(a)

      1,741,475          55,692,371  
       

 

 

  

Specialty Retail – 3.7%

 

Five Below, Inc.(a)

      207,537          30,373,040  

Floor & Decor Holdings, Inc. - Class A(a)

      362,779          26,617,095  

Lithia Motors, Inc.

      184,673          36,592,955  

National Vision Holdings, Inc.(a) (b)

      1,443,453          53,465,499  
       

 

 

  
          147,048,589  
       

 

 

  
          589,752,940  
       

 

 

  

Energy – 9.1%

 

Energy Equipment & Services – 3.9%

 

ChampionX Corp.

      2,971,294          85,038,434  

Helmerich & Payne, Inc.

      1,275,760          63,162,878  

TechnipFMC PLC(a)

      763,290          8,083,241  
       

 

 

  
          156,284,553  
       

 

 

  

Oil, Gas & Consumable Fuels – 5.2%

 

DTE Midstream LLC(a)

      741,340          44,257,998  

Magnolia Oil & Gas Corp. - Class A

      3,012,284          77,355,453  

Matador Resources Co.

      1,334,953          88,707,627  
       

 

 

  
          210,321,078  
       

 

 

  
          366,605,631  
       

 

 

  

 

3

Company    Shares        U.S. $ Value  

Financials – 9.0%

 

Banks – 1.4%

 

First Financial Bankshares, Inc.

      1,531,573        $ 58,950,245  
       

 

 

  

Capital Markets – 4.4%

 

Houlihan Lokey, Inc.

      656,176          58,609,640  

P10, Inc. - Class A

      1,742,996          18,109,729  

StepStone Group, Inc. - Class A

      1,794,717          52,980,046  

Stifel Financial Corp.

      756,844          46,825,938  
       

 

 

  
          76,525,353  
       

 

 

  

Insurance – 3.2%

 

Palomar Holdings, Inc.(a)

      489,570          43,552,147  

Ryan Specialty Holdings, Inc.(a) (b)

      1,246,033          55,884,580  

Trupanion, Inc.(a) (b)

      557,261          28,124,963  
       

 

 

  
          127,561,690  
       

 

 

  
          363,037,288  
       

 

 

  

Consumer Staples – 3.4%

 

Food & Staples Retailing – 2.9%

 

Chefs’ Warehouse, Inc. (The)(a) (b)

      1,684,571          61,705,836  

Grocery Outlet Holding Corp.(a)

      1,554,490          53,738,719  
       

 

 

  
          115,444,555  
       

 

 

  

Food Products – 0.5%

 

Vital Farms, Inc.(a) (b)

      1,421,034          18,814,490  
       

 

 

  
          134,259,045  
       

 

 

  

Materials – 0.9%

 

Chemicals – 0.9%

 

Element Solutions, Inc.

      2,092,836          35,996,779  
       

 

 

  

Total Common Stocks
(cost $3,935,876,355)

           3,779,075,462  
       

 

 

  

INVESTMENT COMPANIES – 1.4%

 

Funds and Investment Trusts – 1.4%

 

iShares Russell 2000 Growth ETF(b) (c)
(cost $53,353,211)

      242,939          54,967,378  
       

 

 

  

SHORT-TERM INVESTMENTS – 4.4%

 

Investment Companies – 4.4%

 

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 2.67%(c) (d) (e)
(cost $176,934,569)

      176,934,569          176,934,569  
       

 

 

  

Total Investments Before Security Lending Collateral for Securities Loaned – 99.9%
(cost $4,166,164,135)

 

            4,010,977,409  
       

 

 

  

 

4

Company    Shares        U.S. $ Value  

INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 1.0%

 

Investment Companies – 1.0%

 

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 2.67%(c) (d) (e)
(cost $38,611,368)

      38,611,368        $ 38,611,368  
       

 

 

  

Total Investments – 100.9%
(cost $4,204,775,503)(f)

 

        4,049,588,777  

Other assets less liabilities – (0.9)%

 

        (34,983,087 ) 
       

 

 

  

Net Assets – 100.0%

 

      $     4,014,605,690  
       

 

 

  

 

(a)

Non-income producing security.

(b)

Represents entire or partial securities out on loan.

(c)

To obtain a copy of the fund’s shareholder report, please go to the Securities and Exchange Commission’s website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.

(d)

Affiliated investments.

(e)

The rate shown represents the 7-day yield as of period end.

(f)

As of October 31, 2022, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $437,464,398 and gross unrealized depreciation of investments was $(592,651,124), resulting in net unrealized depreciation of $(155,186,726).

 

  

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

ETF – Exchange Traded Fund

 

5

AB Cap Fund, Inc.

AB Small Cap Growth Portfolio

October 31, 2022 (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. U.S. GAAP 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 (including those valued based on their market values). 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)

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, by pricing vendors, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of October 31, 2022:

 

Investments in Securities:

    Level 1      Level 2      Level 3      Total  
Assets:            
Common Stocks(a)    $ 3,779,075,462      $                 —      $                 —      $ 3,779,075,462  
Investment Companies      54,967,378        —        —        54,967,378  
Short-Term Investments      176,934,569        —        —        176,934,569  
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund      38,611,368        —        —        38,611,368  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total Investments in Securities      4,049,588,777        —        —        4,049,588,777  
Other Financial Instruments(b)      —        —        —        —  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total    $ 4,049,588,777      $ —      $ —      $ 4,049,588,777  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(a)

See Portfolio of Investments for sector classifications.

 

6

(b)

Other financial instruments are derivative instruments, such as futures, forwards and swaps, which are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.

A summary of the Fund’s transactions in AB mutual funds for the three months ended October 31, 2022 is as follows:

 

Fund    Market Value
07/31/2022
(000)		      Purchases
at Cost
(000)		      Sales
Proceeds
(000)		      Market Value
10/31/2022
(000)		      Dividend
Income
(000)		  
Government Money Market Portfolio    $ 148,375      $ 314,748      $ 286,188      $ 176,935      $ 644  
Government Money Market Portfolio*      83,269        216,558        261,216        38,611        0  
Total    $     231,644      $     531,306      $     547,404      $     215,546      $     644  

 

*

Investments of cash collateral for securities lending transactions

 

7