NPORT-EX 2 NPORT_6456_45252670_1021.htm HTML

AB Large Cap Growth Fund, Inc.

Portfolio of Investments

October 31, 2021 (unaudited)

 

Company    Shares      U.S. $ Value  

COMMON STOCKS – 94.3%

 

Information Technology – 34.5%

 

Communications Equipment – 1.6%

 

Arista Networks, Inc.(a)

      598,337      $            245,132,685  

Motorola Solutions, Inc.

      302,067        75,090,836  
     

 

 

  
        320,223,521  
     

 

 

  

Electronic Equipment, Instruments & Components – 1.8%

 

Amphenol Corp. – Class A

      1,917,479        147,204,863  

Cognex Corp.

      1,032,020        90,394,632  

IPG Photonics Corp.(a)

      811,938        129,106,261  
     

 

 

  
        366,705,756  
     

 

 

  

IT Services – 8.1%

 

EPAM Systems, Inc.(a)

      332,566        223,896,734  

PayPal Holdings, Inc.(a)

      1,968,925        457,952,266  

Visa, Inc. – Class A(b)

      4,311,132        912,968,423  
     

 

 

  
        1,594,817,423  
     

 

 

  

Semiconductors & Semiconductor Equipment – 8.9%

 

ASML Holding NV ADR(b)

      276,320        224,615,002  

NVIDIA Corp.

      1,902,762        486,479,161  

QUALCOMM, Inc.

      4,536,046        603,475,560  

Texas Instruments, Inc.

      362,561        67,972,936  

Xilinx, Inc.

      2,043,135        367,764,300  
     

 

 

  
        1,750,306,959  
     

 

 

  

Software – 14.1%

 

Adobe, Inc.(a)

      928,923        604,134,362  

Fortinet, Inc.(a)

      809,564        272,288,756  

Microsoft Corp.

      5,255,190        1,742,726,108  

PTC, Inc.(a)

      587,326        74,795,966  

Tyler Technologies, Inc.(a)

      175,174        95,158,020  
     

 

 

  
        2,789,103,212  
     

 

 

  
        6,821,156,871  
     

 

 

  

Health Care – 19.3%

 

Biotechnology – 2.3%

 

Vertex Pharmaceuticals, Inc.(a)

      2,396,984        443,274,251  
     

 

 

  

Health Care Equipment & Supplies – 8.0%

 

ABIOMED, Inc.(a)

      252,997        84,005,124  

Align Technology, Inc.(a)

      520,177        324,782,913  

Edwards Lifesciences Corp.(a)

      3,075,628        368,521,747  

IDEXX Laboratories, Inc.(a)

      367,250        244,639,915  

Intuitive Surgical, Inc.(a)

      1,535,262        554,429,166  
     

 

 

  
        1,576,378,865  
     

 

 

  

Health Care Providers & Services – 3.8%

 

UnitedHealth Group, Inc.

             1,637,529        754,032,979  
     

 

 

  

 

1

Company    Shares      U.S. $ Value  

Health Care Technology – 0.7%

 

Veeva Systems, Inc. — Class A(a)

      438,971      $            139,158,197  
     

 

 

  

Life Sciences Tools & Services – 0.9%

 

Illumina, Inc.(a)

      259,233        107,597,249  

Mettler-Toledo International, Inc.(a)

      47,008        69,613,207  
     

 

 

  
        177,210,456  
     

 

 

  

Pharmaceuticals – 3.6%

 

Zoetis, Inc.

      3,322,495        718,323,419  
     

 

 

  
        3,808,378,167  
     

 

 

  

Communication Services – 14.9%

 

Entertainment – 1.4%

 

Electronic Arts, Inc.

      882,064        123,709,476  

Take-Two Interactive Software, Inc.(a)

      843,806        152,728,886  
     

 

 

  
        276,438,362  
     

 

 

  

Interactive Media & Services – 13.5%

 

Alphabet, Inc. – Class C(a)

      572,759        1,698,465,266  

Meta Platforms, Inc. – Class A(a)

             2,959,997        957,766,229  
     

 

 

  
        2,656,231,495  
     

 

 

  
        2,932,669,857  
     

 

 

  

Consumer Discretionary – 14.4%

 

Diversified Consumer Services – 0.7%

 

Chegg, Inc.(a)

      2,318,370        137,803,913  
     

 

 

  

Hotels, Restaurants & Leisure – 0.7%

 

Domino’s Pizza, Inc.

      294,613        144,056,919  
     

 

 

  

Internet & Direct Marketing Retail – 6.1%

 

Amazon.com, Inc.(a)

      300,304        1,012,754,218  

Etsy, Inc.(a) (b)

      765,633        191,936,537  
     

 

 

  
        1,204,690,755  
     

 

 

  

Specialty Retail – 4.0%

 

Burlington Stores, Inc.(a)

      599,502        165,636,408  

Home Depot, Inc. (The)

      1,696,080        630,500,779  
     

 

 

  
        796,137,187  
     

 

 

  

Textiles, Apparel & Luxury Goods – 2.9%

 

NIKE, Inc. – Class B

      3,405,432        569,694,719  
     

 

 

  
        2,852,383,493  
     

 

 

  

Industrials – 5.2%

 

Building Products – 1.0%

 

Allegion PLC

      835,582        107,205,171  

Trex Co., Inc.(a)

      865,246        92,062,174  
     

 

 

  
        199,267,345  
     

 

 

  

Commercial Services & Supplies – 1.5%

 

Copart, Inc.(a)

      1,939,327        301,158,090  
     

 

 

  

 

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Company    Shares      U.S. $ Value  

Electrical Equipment – 0.5%

 

AMETEK, Inc.

      766,685      $            101,509,094  
     

 

 

  

Industrial Conglomerates – 1.7%

 

Roper Technologies, Inc.

      674,249        328,945,859  
     

 

 

  

Machinery – 0.5%

 

IDEX Corp.

      453,116        100,850,028  
     

 

 

  
        1,031,730,416  
     

 

 

  

Consumer Staples – 4.9%

 

Beverages – 2.0%

 

Monster Beverage Corp.(a)

             4,596,719        390,721,115  
     

 

 

  

Food & Staples Retailing – 2.9%

 

Costco Wholesale Corp.

      1,185,240        582,592,870  
     

 

 

  
        973,313,985  
     

 

 

  

Materials – 0.9%

 

Chemicals – 0.9%

 

Sherwin-Williams Co. (The)

      536,411        169,833,087  
     

 

 

  

Financials – 0.2%

 

Capital Markets – 0.2%

 

MarketAxess Holdings, Inc.

      99,793        40,782,405  
     

 

 

  

Total Common Stocks
(cost $9,708,929,449)

         18,630,248,281  
     

 

 

  

SHORT-TERM INVESTMENTS – 5.7%

 

Investment Companies – 5.7%

 

AB Fixed Income Shares, Inc. – Government Money Market Portfolio – Class AB, 0.01%(c) (d) (e)
(cost $1,117,956,075)

      1,117,956,075        1,117,956,075  
     

 

 

  

Total Investments – 100.0%
(cost $10,826,885,524)(f)

 

      19,748,204,356  

Other assets less liabilities – 0.0%

         6,255,584  
     

 

 

  

Net Assets – 100.0%

       $ 19,754,459,940  
     

 

 

  

 

(a)

Non-income producing security.

(b)

Represents entire or partial securities out on loan.

(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 October 31, 2021, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $9,032,855,165 and gross unrealized depreciation of investments was $(111,536,333), resulting in net unrealized appreciation of $8,921,318,832.

 

  

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

 

3

AB Large Cap Growth Fund, Inc.

October 31, 2021 (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, 2021:

 

Investments in Securities:

    Level 1      Level 2      Level 3      Total  
Assets:

 

Common Stocks(a)    $ 18,630,248,281      $                 —      $                 —      $ 18,630,248,281  
Short-Term Investments      1,117,956,075        —        —        1,117,956,075  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total Investments in Securities      19,748,204,356        —        —        19,748,204,356  
Other Financial Instruments(b)      —        —        —        —  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total    $     19,748,204,356      $ —      $ —      $     19,748,204,356  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(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.

 

4

A summary of the Fund’s transactions in AB mutual funds for the three months ended October 31, 2021 is as follows:

 

Fund    Market
Value
07/31/2021
(000)		      Purchases
at Cost
(000)		      Sales
Proceeds
(000)		      Market
Value
10/31/2021
(000)		      Dividend
Income
(000)		  
Government Money Market Portfolio    $     1,032,212      $     747,697      $     661,953      $     1,117,956      $     27  

 

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