0001752724-21-249615.txt : 20211122 0001752724-21-249615.hdr.sgml : 20211122 20211122161617 ACCESSION NUMBER: 0001752724-21-249615 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210930 FILED AS OF DATE: 20211122 PERIOD START: 20211231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AB VARIABLE PRODUCTS SERIES FUND, INC. CENTRAL INDEX KEY: 0000825316 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-05398 FILM NUMBER: 211432689 BUSINESS ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 2129691000 MAIL ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 FORMER COMPANY: FORMER CONFORMED NAME: ALLIANCEBERNSTEIN VARIABLE PRODUCTS SERIES FUND INC DATE OF NAME CHANGE: 19920703 0000825316 S000010436 AB Small/Mid Cap Value Portfolio C000028838 Class A C000028839 Class B NPORT-P 1 primary_doc.xml NPORT-P false 0000825316 XXXXXXXX S000010436 C000028838 C000028839 AB VARIABLE PRODUCTS SERIES FUND, INC. 811-05398 0000825316 549300O75IUIQOS5Q596 ALLIANCEBERNSTEIN LP 1345 AVENUE OF THE AMERICAS NEW YORK 10105 212-969-1000 AB Small/Mid Cap Value Portfolio S000010436 549300MKEHWQJKY48V02 2021-12-31 2021-09-30 N 795408572.61 1199954.36 794208618.25 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 UST Masonite International Corp 549300H0H07ZFT4JYM32 Masonite International Corp 575385109 79949.00000000 NS USD 8484987.37000000 1.068357503938 Long EC CORP CA N 1 N N N Carpenter Technology Corp DX6I6ZD3X5WNNCDJKP85 Carpenter Technology Corp 144285103 258142.00000000 NS USD 8451569.08000000 1.064149756851 Long EC CORP US N 1 N N N Stifel Financial Corp 549300E5F07FE5GHJX84 Stifel Financial Corp 860630102 165827.00000000 NS USD 11269602.92000000 1.418972630243 Long EC CORP US N 1 N N N Comerica Inc I9Q57JVPWHHZ3ZGBW498 Comerica Inc 200340107 143810.00000000 NS USD 11576705.00000000 1.457640314393 Long EC CORP US N 1 N N N Kulicke & Soffa Industries Inc 529900H6BEIRBF429744 Kulicke & Soffa Industries Inc 501242101 89178.00000000 NS USD 5197293.84000000 0.654399073564 Long EC CORP US N 1 N N N Hain Celestial Group Inc/The 5493000S8QXWHLIXDP75 Hain Celestial Group Inc/The 405217100 276504.00000000 NS USD 11828841.12000000 1.489387151963 Long EC CORP US N 1 N N Kontoor Brands Inc 549300M0CPXV65RFF271 Kontoor Brands Inc 50050N103 132980.00000000 NS USD 6642351.00000000 0.836348391010 Long EC CORP US N 1 N N Goodyear Tire & Rubber Co/The 5493002BI0S2ZQUY3437 Goodyear Tire & Rubber Co/The 382550101 707480.00000000 NS USD 12522396.00000000 1.576713688601 Long EC CORP US N 1 N N N MGM Growth Properties LLC 549300E2UGIBHWE12262 MGM Growth Properties LLC 55303A105 237964.00000000 NS USD 9114021.20000000 1.147560098262 Long EC US N 1 N N N Southwest Gas Holdings Inc N/A Southwest Gas Holdings Inc 844895102 117910.00000000 NS USD 7885820.80000000 0.992915541180 Long EC CORP US N 1 N N N Alliance Bernstein 5493006YWHO7MNK2U579 AB Fixed Income Shares, Inc. - Government Money Market Portfolio 018616748 6597552.96000000 NS USD 6597552.96000000 0.830707802508 Long STIV RF US N 1 N N N MaxLinear Inc 549300EMOI0SM2IY4F64 MaxLinear Inc 57776J100 116475.00000000 NS USD 5736393.75000000 0.722277952943 Long EC CORP US N 1 N N N Nomad Foods Ltd 5493000ZZ1837DS2SI43 Nomad Foods Ltd 000000000 403256.00000000 NS USD 11113735.36000000 1.399347111655 Long EC CORP VG N 1 N N N Everest Re Group Ltd 549300N24XF2VV0B3570 Everest Re Group Ltd 000000000 32763.00000000 NS USD 8216305.14000000 1.034527320806 Long EC CORP BM N 1 N N N Belden Inc 68BKYO1JC791TTJHUE82 Belden Inc 077454106 161434.00000000 NS USD 9405144.84000000 1.184215913033 Long EC CORP US N 1 N N N Herman Miller Inc U98HXD3PNK7HYU2MU887 Herman Miller Inc 600544100 228980.00000000 NS USD 8623386.80000000 1.085783584041 Long EC CORP US N 1 N N N GCP Applied Technologies Inc 5493007G654QKQVEKV09 GCP Applied Technologies Inc 36164Y101 265346.00000000 NS USD 5816384.32000000 0.732349685755 Long EC CORP US N 1 N N N Applied Industrial Technologies Inc 549300NU173IJRC6PO38 Applied Industrial Technologies Inc 03820C105 8863.00000000 NS USD 798822.19000000 0.100580901748 Long EC CORP US N 1 N N N CubeSmart N/A CubeSmart 229663109 222582.00000000 NS USD 10784097.90000000 1.357841963961 Long EC US N 1 N N N Herc Holdings Inc 549300TP80QLITMSBP82 Herc Holdings Inc 42704L104 81270.00000000 NS USD 13284394.20000000 1.672658026460 Long EC CORP US N 1 N N N Lear Corp 549300UPNBTXA1SYTQ33 Lear Corp 521865204 38081.00000000 NS USD 5958914.88000000 0.750295922641 Long EC CORP US N 1 N N N RLJ Lodging Trust 549300RX5I8Z6I6LDZ74 RLJ Lodging Trust 74965L101 492871.00000000 NS USD 7324063.06000000 0.922183780394 Long EC US N 1 N N N Synovus Financial Corp 549300EIUS8UN5JTLE54 Synovus Financial Corp 87161C501 260082.00000000 NS USD 11414998.98000000 1.437279666538 Long EC CORP US N 1 N N N Wintrust Financial Corp Q774KI4AW80FHFW33O61 Wintrust Financial Corp 97650W108 136930.00000000 NS USD 11005064.10000000 1.385664150088 Long EC CORP US N 1 N N N Dril-Quip Inc 5299007REICYIJNMW197 Dril-Quip Inc 262037104 146879.00000000 NS USD 3698413.22000000 0.465672763429 Long EC CORP US N 1 N N N Papa John's International Inc HZYLD3DK5XOX0WBVNB56 Papa John's International Inc 698813102 81472.00000000 NS USD 10346129.28000000 1.302696677202 Long EC CORP US N 1 N N N MEDNAX Inc N/A MEDNAX Inc 58502B106 435570.00000000 NS USD 12383255.10000000 1.559194248897 Long EC CORP US N 1 N N N First Hawaiian Inc 5493002DJSH46F5OLV06 First Hawaiian Inc 32051X108 309070.00000000 NS USD 9071204.50000000 1.142168983256 Long EC CORP US N 1 N N N Physicians Realty Trust 549300ITOVH0OY7PZC34 Physicians Realty Trust 71943U104 618331.00000000 NS USD 10894992.22000000 1.371804834352 Long EC US N 1 N N N Ralph Lauren Corp HO1QNWM0IXBZ0QSMMO20 Ralph Lauren Corp 751212101 83980.00000000 NS USD 9325139.20000000 1.174142282735 Long EC CORP US N 1 N N N Sealed Air Corp Q0M0CZB4YN6JZ65WXI09 Sealed Air Corp 81211K100 193147.00000000 NS USD 10582524.13000000 1.332461507823 Long EC CORP US N 1 N N N Change Healthcare Inc 549300GS1BPJEDOZHM07 Change Healthcare Inc 15912K100 394030.00000000 NS USD 8250988.20000000 1.038894316984 Long EC CORP US N 1 N N N Vertiv Holdings Co 549300KTTIRAOGXCRV69 Vertiv Holdings Co 92537N108 255070.00000000 NS USD 6144636.30000000 0.773680385581 Long EC CORP US N 1 N N N Regal Beloit Corp QH78R09VCJGQKPBPYU33 Regal Beloit Corp 758750103 89405.00000000 NS USD 13441147.70000000 1.692395095084 Long EC CORP US N 1 N N N Cactus Inc 549300J3T8C9F8QFKV08 Cactus Inc 127203107 22420.00000000 NS USD 845682.40000000 0.106481141172 Long EC CORP US N 1 N N N Crane Co 549300X1RO9ID7AUCA83 Crane Co 224399105 86924.00000000 NS USD 8241264.44000000 1.037669983758 Long EC CORP US N 1 N N N Hilton Grand Vacations Inc 549300O9K6MFD8D07574 Hilton Grand Vacations Inc 43283X105 114990.00000000 NS USD 5470074.30000000 0.688745270991 Long EC CORP US N 1 N N N Zions Bancorp NA 8WH0EE09O9V05QJZ3V89 Zions Bancorp NA 989701107 150028.00000000 NS USD 9285232.92000000 1.169117623082 Long EC CORP US N 1 N N N AECOM 0EEB8GF0W0NPCIHZX097 AECOM 00766T100 189880.00000000 NS USD 11990922.00000000 1.509794999004 Long EC CORP US N 1 N N N Williams-Sonoma Inc 549300IARG6YWVTZ1I92 Williams-Sonoma Inc 969904101 44964.00000000 NS USD 7973466.12000000 1.003951095062 Long EC CORP US N 1 N N BankUnited Inc 96OVUWEW5D4YX6PFXD91 BankUnited Inc 06652K103 218066.00000000 NS USD 9119520.12000000 1.148252475539 Long EC CORP US N 1 N N N Integra LifeSciences Holdings Corp WB7IJCYY8YFTENS4O147 Integra LifeSciences Holdings Corp 457985208 134360.00000000 NS USD 9200972.80000000 1.158508304817 Long EC CORP US N 1 N N N Robert Half International Inc 529900VPCUY9H3HLIC08 Robert Half International Inc 770323103 121685.00000000 NS USD 12208656.05000000 1.537210220269 Long EC CORP US N 1 N N N American Campus Communities Inc 529900MR3ZXRO3W6UX26 American Campus Communities Inc 024835100 159565.00000000 NS USD 7730924.25000000 0.973412283920 Long EC US N 1 N N N Selective Insurance Group Inc 549300R3WGJWLE40R258 Selective Insurance Group Inc 816300107 90175.00000000 NS USD 6810917.75000000 0.857572883684 Long EC CORP US N 1 N N N Brunswick Corp/DE YM4O38W15AX4YLLQKU27 Brunswick Corp/DE 117043109 70686.00000000 NS USD 6734255.22000000 0.847920189387 Long EC CORP US N 1 N N N American Financial Group Inc/OH 549300AFOM7IVKIU1G39 American Financial Group Inc/OH 025932104 75560.00000000 NS USD 9507714.80000000 1.197130650753 Long EC CORP US N 1 N N N Broadstone Net Lease Inc N/A Broadstone Net Lease Inc 11135E203 277500.00000000 NS USD 6884775.00000000 0.866872360963 Long EC US N 1 N N N GATX Corp 549300IHYHCQP2PIR591 GATX Corp 361448103 52410.00000000 NS USD 4693839.60000000 0.591008394034 Long EC CORP US N 1 N N N First Citizens BancShares Inc/NC 549300N3Z00ZHE2XC526 First Citizens BancShares Inc/NC 31946M103 15170.00000000 NS USD 12790888.90000000 1.610520032908 Long EC CORP US N 1 N N OneMain Holdings Inc 549300E3VEW8SMS5XW09 OneMain Holdings Inc 68268W103 96606.00000000 NS USD 5345209.98000000 0.673023416917 Long EC CORP US N 1 N N N HollyFrontier Corp 549300J3U2WK73C9ZK26 HollyFrontier Corp 436106108 259395.00000000 NS USD 8593756.35000000 1.082052769577 Long EC CORP US N 1 N N N Houghton Mifflin Harcourt Co N/A Houghton Mifflin Harcourt Co 44157R109 377103.00000000 NS USD 5064493.29000000 0.637677956852 Long EC CORP US N 1 N N N Knight-Swift Transportation Holdings Inc N/A Knight-Swift Transportation Holdings Inc 499049104 222151.00000000 NS USD 11363023.65000000 1.430735374672 Long EC CORP US N 1 N N N Innospec Inc 213800SQBACNY5IWJO68 Innospec Inc 45768S105 59680.00000000 NS USD 5026249.60000000 0.632862636403 Long EC CORP US N 1 N N N Camden Property Trust 5493002MYX22OHYJBD89 Camden Property Trust 133131102 78453.00000000 NS USD 11569463.91000000 1.456728577875 Long EC US N 1 N N N Lumentum Holdings Inc 549300JLWRRC38DWEF52 Lumentum Holdings Inc 55024U109 104830.00000000 NS USD 8757498.20000000 1.102669751846 Long EC CORP US N 1 N N Cimarex Energy Co 11KYOFXPU1C4CQL1CL44 Cimarex Energy Co 171798101 142829.00000000 NS USD 12454688.80000000 1.568188573355 Long EC CORP US N 1 N N N Criteo SA 969500EELFB4RDMFHA76 Criteo SA 226718104 209142.00000000 NS USD 7665054.30000000 0.965118499581 Long EC CORP FR N 1 N N N Korn Ferry 549300FOD20OM0GT5G40 Korn Ferry 500643200 141890.00000000 NS USD 10267160.40000000 1.292753586913 Long EC CORP US N 1 N N N Taylor Morrison Home Corp 5299009UDLLGLKOOJE30 Taylor Morrison Home Corp 87724P106 207389.00000000 NS USD 5346488.42000000 0.673184387218 Long EC CORP US N 1 N N N Avnet Inc XJI53DCPL7QABOWK4Z75 Avnet Inc 053807103 249370.00000000 NS USD 9219208.90000000 1.160804439558 Long EC CORP US N 1 N N N Umpqua Holdings Corp 5299002ENJ7CY215BW86 Umpqua Holdings Corp 904214103 347880.00000000 NS USD 7044570.00000000 0.886992389420 Long EC CORP US N 1 N N N Carter's Inc 5299003WAQK4R3L3ZU36 Carter's Inc 146229109 81430.00000000 NS USD 7918253.20000000 0.996999153377 Long EC CORP US N 1 N N N Voya Financial Inc 549300T065Z4KJ686G75 Voya Financial Inc 929089100 103038.00000000 NS USD 6325502.82000000 0.796453560770 Long EC CORP US N 1 N N Trinseo SA 222100SZ6J5ZF05ZTR58 Trinseo SA 000000000 123656.00000000 NS USD 6674950.88000000 0.840453090865 Long EC CORP LU N 1 N N N Orion Engineered Carbons SA N/A Orion Engineered Carbons SA 000000000 320825.00000000 NS USD 5848639.75000000 0.736411015393 Long EC CORP LU N 1 N N N Acadia Healthcare Co Inc 5493005CW985Y9D0NC11 Acadia Healthcare Co Inc 00404A109 140140.00000000 NS USD 8938129.20000000 1.125413272358 Long EC CORP US N 1 N N N PulteGroup Inc N/A PulteGroup Inc 745867101 239820.00000000 NS USD 11012534.40000000 1.386604746781 Long EC CORP US N 1 N N N NCR Corp 549300YKTY8JX1DV2R67 NCR Corp 62886E108 118080.00000000 NS USD 4576780.80000000 0.576269344707 Long EC CORP US N 1 N N N Spirit AeroSystems Holdings Inc N/A Spirit AeroSystems Holdings Inc 848574109 248210.00000000 NS USD 10968399.90000000 1.381047705597 Long EC CORP US N 1 N N N Texas Capital Bancshares Inc 549300466Q2SXRX0YM48 Texas Capital Bancshares Inc 88224Q107 159902.00000000 NS USD 9597318.04000000 1.208412729283 Long EC CORP US N 1 N N N Sally Beauty Holdings Inc 529900VXW6E8ONDIQ271 Sally Beauty Holdings Inc 79546E104 429380.00000000 NS USD 7235053.00000000 0.910976390050 Long EC CORP US N 1 N N N IDACORP Inc N134NUJDWN8UEFA8B673 IDACORP Inc 451107106 116474.00000000 NS USD 12041082.12000000 1.516110735052 Long EC CORP US N 1 N N N Dine Brands Global Inc 529900HKM8OWSHLKJY75 Dine Brands Global Inc 254423106 109410.00000000 NS USD 8885186.10000000 1.118747127118 Long EC CORP US N 1 N N N ON Semiconductor Corp ZV20P4CNJVT8V1ZGJ064 ON Semiconductor Corp 682189105 220540.00000000 NS USD 10094115.80000000 1.270965281419 Long EC CORP US N 1 N N N ADT Inc N/A ADT Inc 00090Q103 852260.00000000 NS USD 6894783.40000000 0.868132533639 Long EC CORP US N 1 N N Webster Financial Corp KMRURHT0VWKYS6Z5KU67 Webster Financial Corp 947890109 183372.00000000 NS USD 9986439.12000000 1.257407548913 Long EC CORP US N 1 N N N Tapestry Inc 549300LJNVY5SW3VTN33 Tapestry Inc 876030107 195830.00000000 NS USD 7249626.60000000 0.912811373915 Long EC CORP US N 1 N N N Commercial Metals Co 549300OQS2LO07ZJ7N73 Commercial Metals Co 201723103 171070.00000000 NS USD 5210792.20000000 0.656098672346 Long EC CORP US N 1 N N N Moelis & Co 549300891QNU7VTQUR83 Moelis & Co 60786M105 120483.00000000 NS USD 7454283.21000000 0.938579995067 Long EC CORP US N 1 N N N SkyWest Inc 529900UYS2KGS6Z42P09 SkyWest Inc 830879102 200234.00000000 NS USD 9879545.56000000 1.243948420223 Long EC CORP US N 1 N N N STAG Industrial Inc 549300QWYX2W6FASVQ07 STAG Industrial Inc 85254J102 267428.00000000 NS USD 10496549.00000000 1.321636250073 Long EC US N 1 N N N CommVault Systems Inc 65T5VRP62VXG39YFML83 CommVault Systems Inc 204166102 96326.00000000 NS USD 7254311.06000000 0.913401201309 Long EC CORP US N 1 N N N Cousins Properties Inc 5493007XPYD5EJABN062 Cousins Properties Inc 222795502 233020.00000000 NS USD 8689315.80000000 1.094084803454 Long EC US N 1 N N N Oshkosh Corp 549300FEKNPCFSA2B506 Oshkosh Corp 688239201 112300.00000000 NS USD 11496151.00000000 1.447497639264 Long EC CORP US N 1 N N N Scientific Games Corp 529900JXALYBOHXKFM62 Scientific Games Corp 80874P109 122920.00000000 NS USD 10210964.40000000 1.285677864148 Long EC CORP US N 1 N N N MRC Global Inc 529900TSBPOLCLI2L582 MRC Global Inc 55345K103 427863.00000000 NS USD 3140514.42000000 0.395426887575 Long EC CORP US N 1 N N N Dana Inc KVWHW7YLZPFJM8QYNJ51 Dana Inc 235825205 255978.00000000 NS USD 5692950.72000000 0.716807975786 Long EC CORP US N 1 N N N Reliance Steel & Aluminum Co 549300E287ZOFT3C5Z56 Reliance Steel & Aluminum Co 759509102 72186.00000000 NS USD 10280730.12000000 1.294462170739 Long EC CORP US N 1 N N N KB Home 549300LGUCWQURMWLG09 KB Home 48666K109 219620.00000000 NS USD 8547610.40000000 1.076242463703 Long EC CORP US N 1 N N N Genpact Ltd 529900OSEC6Q0L4L5B35 Genpact Ltd 000000000 115271.00000000 NS USD 5476525.21000000 0.689557514758 Long EC CORP BM N 1 N N N Hanover Insurance Group Inc/The JJYR6MFKFF6CF8DBZ078 Hanover Insurance Group Inc/The 410867105 66500.00000000 NS USD 8619730.00000000 1.085323150860 Long EC CORP US N 1 N N N Timken Co/The B0I35MLPFXZSE70ASS73 Timken Co/The 887389104 105100.00000000 NS USD 6875642.00000000 0.865722411216 Long EC CORP US N 1 N N N 2021-10-28 AB VARIABLE PRODUCTS SERIES FUND, INC. Joseph Mantineo Joseph Mantineo Treasurer and Chief Financial Officer XXXX NPORT-EX 2 NPORT_64VQ_93882978_0921.htm HTML

AB Variable Products Series Fund, Inc.

AB Small/Mid Cap Value Portfolio

Portfolio of Investments

September 30, 2021 (unaudited)

 

Company    Shares        U.S. $ Value  

COMMON STOCKS – 99.2%

 

Financials – 20.7%

 

Banks – 11.5%

 

Comerica, Inc.

     143,810        $ 11,576,705  

First Citizens BancShares, Inc./NC - Class A(a)

     15,170          12,790,889  

First Hawaiian, Inc.

     309,070          9,071,204  

Synovus Financial Corp.

     260,082          11,414,999  

Texas Capital Bancshares, Inc.(b)

     159,902          9,597,318  

Umpqua Holdings Corp.

     347,880          7,044,570  

Webster Financial Corp.

     183,372          9,986,439  

Wintrust Financial Corp.

     136,930          11,005,064  

Zions Bancorp NA

     150,028          9,285,233  
       

 

 

 
          91,772,421  
       

 

 

 

Capital Markets – 2.4%

 

Moelis & Co.

     120,483          7,454,283  

Stifel Financial Corp.

     165,827          11,269,603  
       

 

 

 
          18,723,886  
       

 

 

 

Consumer Finance – 0.7%

 

OneMain Holdings, Inc.

     96,606          5,345,210  
       

 

 

 

Diversified Financial Services – 0.8%

 

Voya Financial, Inc.(a)

     103,038          6,325,503  
       

 

 

 

Insurance – 4.2%

 

American Financial Group, Inc./OH

     75,560          9,507,715  

Everest Re Group Ltd.

     32,763          8,216,305  

Hanover Insurance Group, Inc. (The)

     66,500          8,619,730  

Selective Insurance Group, Inc.

     90,175          6,810,918  
       

 

 

 
          33,154,668  
       

 

 

 

Thrifts & Mortgage Finance – 1.1%

 

BankUnited, Inc.

     218,066          9,119,520  
       

 

 

 
              164,441,208  
       

 

 

 

Industrials – 20.0%

 

Aerospace & Defense – 1.4%

 

Spirit AeroSystems Holdings, Inc. - Class A

     248,210          10,968,400  
       

 

 

 

Airlines – 1.2%

 

SkyWest, Inc.(b)

     200,234          9,879,546  
       

 

 

 

Building Products – 1.1%

 

Masonite International Corp.(b)

     79,949          8,484,987  
       

 

 

 

Commercial Services & Supplies – 1.9%

 

ADT, Inc.(a)

     852,260          6,894,783  

Herman Miller, Inc.

     228,980          8,623,387  
       

 

 

 
          15,518,170  
       

 

 

 

Construction & Engineering – 1.6%

 

AECOM(b)

     189,880          11,990,922  

Dycom Industries, Inc.(b)

     4,923          350,715  
       

 

 

 
          12,341,637  
       

 

 

 

 

1


Company    Shares        U.S. $ Value  

Electrical Equipment – 2.5%

 

Regal Beloit Corp.

     89,405        $ 13,441,148  

Vertiv Holdings Co.

     255,070          6,144,636  
       

 

 

 
          19,585,784  
       

 

 

 

Machinery – 3.3%

 

Crane Co.

     86,924          8,241,264  

Oshkosh Corp.

     112,300          11,496,151  

Timken Co. (The)

     105,100          6,875,642  
       

 

 

 
          26,613,057  
       

 

 

 

Professional Services – 2.8%

 

Korn Ferry

     141,890          10,267,160  

Robert Half International, Inc.

     121,685          12,208,656  
       

 

 

 
          22,475,816  
       

 

 

 

Road & Rail – 1.4%

 

Knight-Swift Transportation Holdings, Inc.

     222,151          11,363,024  
       

 

 

 

Trading Companies & Distributors – 2.8%

 

Applied Industrial Technologies, Inc.

     9,638          868,673  

GATX Corp.

     52,410          4,693,840  

Herc Holdings, Inc.(b)

     81,270          13,284,394  

MRC Global, Inc.(b)

     417,651          3,065,558  
       

 

 

 
          21,912,465  
       

 

 

 
              159,142,886  
       

 

 

 

Consumer Discretionary – 17.9%

 

Auto Components – 3.1%

 

Dana, Inc.

     255,978          5,692,951  

Goodyear Tire & Rubber Co. (The)(b)

     707,480          12,522,396  

Lear Corp.

     38,081          5,958,915  
       

 

 

 
          24,174,262  
       

 

 

 

Diversified Consumer Services – 0.6%

 

Houghton Mifflin Harcourt Co.(b)

     373,931          5,021,894  
       

 

 

 

Hotels, Restaurants & Leisure – 4.4%

 

Dine Brands Global, Inc.(b)

     109,410          8,885,186  

Hilton Grand Vacations, Inc.(b)

     114,990          5,470,074  

Papa John’s International, Inc.

     81,472          10,346,129  

Scientific Games Corp./DE - Class A(b)

     122,920          10,210,965  
       

 

 

 
          34,912,354  
       

 

 

 

Household Durables – 3.1%

 

KB Home

     219,620          8,547,610  

PulteGroup, Inc.

     239,820          11,012,534  

Taylor Morrison Home Corp. - Class A(b)

     207,389          5,346,489  
       

 

 

 
          24,906,633  
       

 

 

 

Leisure Products – 0.9%

 

Brunswick Corp./DE

     70,686          6,734,255  
       

 

 

 

Specialty Retail – 1.9%

 

Sally Beauty Holdings, Inc.(b)

     429,380          7,235,053  

Williams-Sonoma, Inc.(a)

     44,964          7,973,466  
       

 

 

 
          15,208,519  
       

 

 

 

 

2


Company    Shares        U.S. $ Value  

Textiles, Apparel & Luxury Goods – 3.9%

 

Carter’s, Inc.

     81,430        $ 7,918,253  

Kontoor Brands, Inc.(a)

     132,980          6,642,351  

Ralph Lauren Corp.

     83,980          9,325,139  

Tapestry, Inc.

     195,830          7,249,627  
       

 

 

 
          31,135,370  
       

 

 

 
              142,093,287  
       

 

 

 

Real Estate – 10.5%

 

Equity Real Estate Investment Trusts (REITs) – 10.5%

 

American Campus Communities, Inc.

     159,565          7,730,924  

Broadstone Net Lease, Inc.

     277,500          6,884,775  

Camden Property Trust

     78,453          11,569,464  

Cousins Properties, Inc.

     233,020          8,689,316  

CubeSmart

     222,582          10,784,098  

MGM Growth Properties LLC - Class A

     233,586          8,946,344  

Physicians Realty Trust

     618,331          10,894,992  

RLJ Lodging Trust

     492,871          7,324,063  

STAG Industrial, Inc.

     267,428          10,496,549  
       

 

 

 
          83,320,525  
       

 

 

 

Information Technology – 8.3%

 

Communications Equipment – 1.1%

 

Lumentum Holdings, Inc.(a) (b)

     104,830          8,757,498  
       

 

 

 

Electronic Equipment, Instruments & Components – 2.3%

 

Avnet, Inc.

     249,370          9,219,209  

Belden, Inc.

     161,434          9,405,145  
       

 

 

 
          18,624,354  
       

 

 

 

IT Services – 0.7%

 

Genpact Ltd.

     115,271          5,476,525  
       

 

 

 

Semiconductors & Semiconductor Equipment – 2.7%

 

Kulicke & Soffa Industries, Inc.

     89,178          5,197,294  

MaxLinear, Inc. - Class A(b)

     116,475          5,736,393  

ON Semiconductor Corp.(b)

     220,540          10,094,116  
       

 

 

 
          21,027,803  
       

 

 

 

Software – 1.5%

 

CommVault Systems, Inc.(b)

     96,326          7,254,311  

NCR Corp.(b)

     118,080          4,576,781  
       

 

 

 
          11,831,092  
       

 

 

 
          65,717,272  
       

 

 

 

Materials – 7.3%

 

Chemicals – 3.0%

 

GCP Applied Technologies, Inc.(b)

     265,346          5,816,384  

Innospec, Inc.

     59,680          5,026,250  

Orion Engineered Carbons SA(b)

     320,825          5,848,640  

Trinseo SA

     123,656          6,674,951  
       

 

 

 
          23,366,225  
       

 

 

 

 

3


Company    Shares        U.S. $ Value  

Containers & Packaging – 1.3%

 

Sealed Air Corp.

     193,147        $ 10,582,524  
       

 

 

 

Metals & Mining – 3.0%

 

Carpenter Technology Corp.

     258,142          8,451,569  

Commercial Metals Co.

     171,070          5,210,792  

Reliance Steel & Aluminum Co.

     72,186          10,280,730  
       

 

 

 
          23,943,091  
       

 

 

 
          57,891,840  
       

 

 

 

Health Care – 4.9%

 

Health Care Equipment & Supplies – 1.2%

 

Integra LifeSciences Holdings Corp.(b)

     134,360          9,200,973  
       

 

 

 

Health Care Providers & Services – 2.7%

 

Acadia Healthcare Co., Inc.(b)

     140,140          8,938,129  

MEDNAX, Inc.(b)

     435,570          12,383,255  
       

 

 

 
                21,321,384  
       

 

 

 

Health Care Technology – 1.0%

 

Change Healthcare, Inc.(b)

     394,030          8,250,988  
       

 

 

 
          38,773,345  
       

 

 

 

Energy – 3.2%

 

Energy Equipment & Services – 0.6%

 

Cactus, Inc. - Class A

     24,261          915,125  

Dril-Quip, Inc.(b)

     139,364          3,509,186  
       

 

 

 
          4,424,311  
       

 

 

 

Oil, Gas & Consumable Fuels – 2.6%

 

Cimarex Energy Co.

     142,829          12,454,689  

HollyFrontier Corp.

     259,395          8,593,756  
       

 

 

 
          21,048,445  
       

 

 

 
          25,472,756  
       

 

 

 

Consumer Staples – 2.9%

 

Food Products – 2.9%

 

Hain Celestial Group, Inc. (The)(a) (b)

     276,504          11,828,841  

Nomad Foods Ltd.(b)

     403,256          11,113,736  
       

 

 

 
          22,942,577  
       

 

 

 

Utilities – 2.5%

 

Electric Utilities – 1.5%

 

IDACORP, Inc.

     116,474          12,041,082  
       

 

 

 

Gas Utilities – 1.0%

 

Southwest Gas Holdings, Inc.

     117,910          7,885,821  
       

 

 

 
          19,926,903  
       

 

 

 

 

4


Company    Shares        U.S. $ Value  

Communication Services – 1.0%

 

Media – 1.0%

 

Criteo SA (Sponsored ADR)(b)

     210,911        $ 7,729,888  
       

 

 

 

Total Common Stocks
(cost $595,526,890)

          787,452,487  
       

 

 

 

SHORT-TERM INVESTMENTS – 0.8%

 

Investment Companies – 0.8%

 

AB Fixed Income Shares, Inc. – Government Money Market Portfolio - Class AB, 0.01%(c) (d) (e)
(cost $6,597,553)

     6,597,553          6,597,553  
       

 

 

 

Total Investments – 100.0%
(cost $602,124,443)(f)

 

       794,050,040  

Other assets less liabilities – 0.0%

          31,184  
       

 

 

 

Net Assets – 100.0%

        $     794,081,224  
       

 

 

 

 

(a)

Represents entire or partial securities out on loan.

(b)

Non-income producing security.

(c)

Affiliated investments.

(d)

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

(e)

To obtain a copy of the fund’s shareholder report, please go to the Securities and Exchange Commission’s website at www.sec.gov, or call AB at (800) 227-4618.

(f)

As of September 30, 2021, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $202,212,237 and gross unrealized depreciation of investments was $(10,286,640), resulting in net unrealized appreciation of $191,925,597.

 

  

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

REIT – Real Estate Investment Trust

 

5


AB Variable Products Series Fund, Inc.

AB Small/Mid Cap Value Portfolio

September 30, 2021 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Portfolio 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 Portfolio. Unobservable inputs reflect the Portfolio’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 Portfolio’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 Portfolio’s investments by the above fair value hierarchy levels as of September 30, 2021:

 

Investments in Securities:

   Level 1      Level 2      Level 3      Total  
Assets:

 

Common Stocks(a)    $ 787,452,487      $                 —      $                 —      $ 787,452,487  
Short-Term Investments      6,597,553                      6,597,553  
  

 

 

    

 

 

    

 

 

    

 

 

 
Total Investments in Securities      794,050,040                      794,050,040  
Other Financial Instruments(b)                            
  

 

 

    

 

 

    

 

 

    

 

 

 
Total    $     794,050,040      $      $      $     794,050,040  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(a)

See Portfolio of Investments for sector classifications.

 

(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, options written and swaptions written which are valued at market value.

 

6


A summary of the Portfolio’s transactions in AB mutual funds for the nine months ended September 30, 2021 is as follows:

 

Fund   

Market Value

12/31/2020

(000)

    

Purchases

at Cost

(000)

    

Sales

Proceeds

(000)

    

Market Value

09/30/2021

(000)

    

Dividend

Income

(000)

 
Government Money Market Portfolio    $     10,258      $     162,078      $     165,738      $     6,598      $     1  

 

7