NPORT-EX 2 NPORT_6456_94069198_0422.htm HTML

AB Large Cap Growth Fund, Inc.

Portfolio of Investments

April 30, 2022 (unaudited)

 

Company    Shares        U.S. $ Value  

COMMON STOCKS – 95.1%

 

Information Technology – 38.3%

 

Communications Equipment – 2.6%

 

Arista Networks, Inc.(a)

      2,608,498        $ 301,464,114  

Motorola Solutions, Inc.

      610,231          130,400,262  
       

 

 

  
          431,864,376  
       

 

 

  

Electronic Equipment, Instruments & Components – 3.0%

        

Amphenol Corp. - Class A

      2,501,499          178,857,178  

Cognex Corp.

      1,213,920          82,097,410  

IPG Photonics Corp.(a)

      442,111          41,770,647  

Zebra Technologies Corp. - Class A(a)

      526,654          194,682,918  
       

 

 

  
          497,408,153  
       

 

 

  

IT Services – 6.5%

        

EPAM Systems, Inc.(a)

      573,630          152,006,214  

PayPal Holdings, Inc.(a)

      600,985          52,844,611  

Shopify, Inc. - Class A(a)

      99,690          42,549,686  

Visa, Inc. - Class A(b)

      3,827,726          815,803,242  
       

 

 

  
          1,063,203,753  
       

 

 

  

Semiconductors & Semiconductor Equipment – 10.4%

        

Advanced Micro Devices, Inc.(a)

      1,898,724          162,378,876  

ASML Holding NV ADR

      247,280          139,409,046  

Entegris, Inc.

      1,622,309          180,709,000  

NVIDIA Corp.

      2,401,732          445,449,234  

QUALCOMM, Inc.

      5,102,426          712,757,888  

Texas Instruments, Inc.

      388,601          66,159,320  
       

 

 

  
          1,706,863,364  
       

 

 

  

Software – 15.8%

        

Adobe, Inc.(a)

      950,693          376,426,893  

Autodesk, Inc.(a)

      800,223          151,466,209  

Fortinet, Inc.(a)

      831,253          240,240,430  

Manhattan Associates, Inc.(a)

      380,508          49,675,319  

Microsoft Corp.

      5,555,290          1,541,704,081  

PTC, Inc.(a)

      1,218,489          139,163,629  

Tyler Technologies, Inc.(a)

      246,544          97,313,382  
       

 

 

  
          2,595,989,943  
       

 

 

  
                6,295,329,589  
       

 

 

  

Health Care – 22.0%

        

Biotechnology – 3.9%

        

Vertex Pharmaceuticals, Inc.(a)

      2,383,874          651,322,054  
       

 

 

  

Health Care Equipment & Supplies – 7.4%

        

ABIOMED, Inc.(a)

      279,017          79,960,692  

Align Technology, Inc.(a)

      481,660          139,638,051  

Edwards Lifesciences Corp.(a)

      3,118,558          329,881,065  

IDEXX Laboratories, Inc.(a)

      587,617          252,957,366  

Intuitive Surgical, Inc.(a)

      1,743,742          417,277,461  
       

 

 

  
          1,219,714,635  
       

 

 

  

 

1

Company    Shares        U.S. $ Value  

Health Care Providers & Services – 4.8%

        

UnitedHealth Group, Inc.

      1,540,639        $ 783,491,963  
       

 

 

  

Health Care Technology – 1.3%

        

Veeva Systems, Inc. - Class A(a)

      1,155,296          210,206,107  
       

 

 

  

Life Sciences Tools & Services – 0.9%

        

Illumina, Inc.(a)

      209,043          62,012,606  

Mettler-Toledo International, Inc.(a)

      64,248          82,078,747  
       

 

 

  
          144,091,353  
       

 

 

  

Pharmaceuticals – 3.7%

        

Zoetis, Inc.

      3,448,775          611,295,369  
       

 

 

  
          3,620,121,481  
       

 

 

  

Consumer Discretionary – 13.0%

        

Hotels, Restaurants & Leisure – 0.6%

        

Domino’s Pizza, Inc.

      305,503          103,260,014  
       

 

 

  

Internet & Direct Marketing Retail – 5.8%

        

Amazon.com, Inc.(a)

      333,234          828,296,428  

Etsy, Inc.(a)

      1,329,938          123,936,922  
       

 

 

  
          952,233,350  
       

 

 

  

Specialty Retail – 3.6%

        

Burlington Stores, Inc.(a)

      544,272          110,792,008  

Home Depot, Inc. (The)

      1,603,330          481,640,332  
       

 

 

  
          592,432,340  
       

 

 

  

Textiles, Apparel & Luxury Goods – 3.0%

        

NIKE, Inc. - Class B

      3,948,745          492,408,501  
       

 

 

  
                2,140,334,205  
       

 

 

  

Communication Services – 9.3%

        

Interactive Media & Services – 9.3%

        

Alphabet, Inc. - Class C(a)

      564,149          1,297,164,720  

Meta Platforms, Inc. - Class A(a)

      1,146,887          229,916,437  
       

 

 

  
          1,527,081,157  
       

 

 

  

Industrials – 6.2%

        

Building Products – 0.8%

        

Allegion PLC

      500,372          57,162,497  

Trex Co., Inc.(a)

      1,231,606          71,667,153  
       

 

 

  
          128,829,650  
       

 

 

  

Commercial Services & Supplies – 1.8%

        

Copart, Inc.(a)

      2,574,972          292,645,568  
       

 

 

  

Electrical Equipment – 0.9%

        

AMETEK, Inc.

      1,111,345          140,318,420  
       

 

 

  

 

2

Company    Shares        U.S. $ Value  

Industrial Conglomerates – 2.0%

        

Roper Technologies, Inc.

      706,251        $ 331,881,470  
       

 

 

  

Machinery – 0.7%

        

IDEX Corp.

      610,496          115,884,351  
       

 

 

  
          1,009,559,459  
       

 

 

  

Consumer Staples – 5.4%

        

Beverages – 2.1%

        

Monster Beverage Corp.(a)

      4,079,563          349,536,958  
       

 

 

  

Food & Staples Retailing – 3.3%

        

Costco Wholesale Corp.

      997,590          530,438,555  
       

 

 

  
          879,975,513  
       

 

 

  

Materials – 0.9%

        

Chemicals – 0.9%

        

Sherwin-Williams Co. (The)

      531,931          146,259,748  
       

 

 

  

Total Common Stocks
(cost $10,951,023,355)

           15,618,661,152  
       

 

 

  

SHORT-TERM INVESTMENTS – 4.5%

        

Investment Companies – 4.5%

        

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.22%(c) (d) (e)
(cost $744,323,116)

      744,323,116          744,323,116  
       

 

 

  

Total Investments – 99.6%
(cost $11,695,346,471)(f)

           16,362,984,268  

Other assets less liabilities – 0.4%

           61,929,985  
       

 

 

  

Net Assets – 100.0%

         $       16,424,914,253  
       

 

 

  

 

(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 April 30, 2022, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $5,208,416,213 and gross unrealized depreciation of investments was $(540,778,415), resulting in net unrealized appreciation of $4,667,637,798.

 

  

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.

April 30, 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 April 30, 2022:

 

Investments in Securities:

    Level 1      Level 2      Level 3      Total  
Assets:

 

Common Stocks(a)    $ 15,618,661,152      $ —      $ —      $ 15,618,661,152  
Short-Term Investments      744,323,116        —        —        744,323,116  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total Investments in Securities      16,362,984,268        —        —        16,362,984,268  
Other Financial Instruments(b)      —        —        —        —  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total    $     16,362,984,268      $                 —      $                 —      $     16,362,984,268  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(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 nine months ended April 30, 2022 is as follows:

 

Fund    Market Value
07/31/2021
(000)		     

Purchases
at Cost

(000)

      Sales
Proceeds
(000)		      Market Value
04/30/2022
(000)		      Dividend
Income
(000)		  
Government Money Market Portfolio    $     1,032,212      $     2,615,484      $     2,903,373      $     744,323      $     266  

 

5