AB Discovery Growth Fund, Inc.

Portfolio of Investments

April 30, 2023 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS – 95.7%
Information Technology – 23.2%
Communications Equipment – 1.1%
Ciena Corp.(a)		628,317	$	28,927,715
Electronic Equipment, Instruments & Components – 3.9%
Littelfuse, Inc.		141,749		34,337,278
Novanta, Inc.(a)		274,163		41,903,073
Shoals Technologies Group, Inc. - Class A(a)		1,412,416		29,505,370
				105,745,721
IT Services – 0.7%
DigitalOcean Holdings, Inc.(a) (b)		602,145		18,991,653
Semiconductors & Semiconductor Equipment – 5.2%
Lattice Semiconductor Corp.(a)		501,142		39,941,017
MACOM Technology Solutions Holdings, Inc.(a) (b)		493,111		28,768,096
Monolithic Power Systems, Inc.		52,546		24,274,676
ON Semiconductor Corp.(a)		93,259		6,710,918
Universal Display Corp.		326,535		43,579,361
				143,274,068
Software – 12.3%
Fair Isaac Corp.(a)		90,541		65,909,321
Five9, Inc.(a)		495,039		32,098,329
Freshworks, Inc. - Class A(a)		1,705,493		22,785,387
HubSpot, Inc.(a)		89,551		37,696,493
Manhattan Associates, Inc.(a)		309,297		51,244,327
Monday.com Ltd.(a) (b)		216,496		26,395,192
PTC, Inc.(a)		473,465		59,557,162
Smartsheet, Inc. - Class A(a)		945,630		38,647,898
				334,334,109
				631,273,266
Industrials – 20.7%
Aerospace & Defense – 5.8%
Axon Enterprise, Inc.(a)		224,164		47,233,596
Curtiss-Wright Corp.		206,353		35,044,930
Hexcel Corp.		502,895		36,248,672
Howmet Aerospace, Inc.		930,092		41,193,775
				159,720,973
Building Products – 2.5%
Builders FirstSource, Inc.(a)		320,497		30,373,501
Carlisle Cos., Inc.		173,133		37,370,758
				67,744,259
Commercial Services & Supplies – 1.6%
Tetra Tech, Inc.		318,485		44,068,769
Ground Transportation – 3.1%
Saia, Inc.(a) (b)		166,092		49,457,215

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Company	Shares		U.S. $ Value
TFI International, Inc.(b)		329,161	$	35,483,556
				84,940,771
Machinery – 4.6%
IDEX Corp.		110,119		22,719,752
Ingersoll Rand, Inc.		584,872		33,349,401
ITT, Inc.		405,658		34,253,762
Middleby Corp. (The)(a)		245,810		34,629,713
				124,952,628
Professional Services – 1.5%
FTI Consulting, Inc.(a)		224,873		40,589,576
Trading Companies & Distributors – 1.6%
SiteOne Landscape Supply, Inc.(a) (b)		288,533		42,627,865
				564,644,841
Health Care – 19.6%
Biotechnology – 8.7%
Arcus Biosciences, Inc.(a)		481,558		8,595,810
Ascendis Pharma A/S (ADR)(a)		128,299		8,975,798
Blueprint Medicines Corp.(a)		340,576		17,386,405
Coherus Biosciences, Inc.(a) (b)		1,296,872		9,376,385
Intellia Therapeutics, Inc.(a)		343,648		12,972,712
IVERIC bio, Inc.(a)		801,245		26,352,948
Karuna Therapeutics, Inc.(a)		116,145		23,047,814
Legend Biotech Corp. (ADR)(a)		292,601		20,104,615
Madrigal Pharmaceuticals, Inc.(a)		17,213		5,370,456
Natera, Inc.(a)		711,120		36,068,006
Sarepta Therapeutics, Inc.(a)		220,649		27,089,078
Ultragenyx Pharmaceutical, Inc.(a)		345,465		15,086,456
Vaxcyte, Inc.(a)		316,061		13,536,893
Vir Biotechnology, Inc.(a)		533,028		13,405,654
				237,369,030
Health Care Equipment & Supplies – 6.0%
AtriCure, Inc.(a)		715,107		31,457,557
Insulet Corp.(a)		80,770		25,688,091
iRhythm Technologies, Inc.(a)		235,667		30,966,643
Lantheus Holdings, Inc.(a)		584,633		49,956,890
Silk Road Medical, Inc.(a) (b)		557,307		24,532,654
				162,601,835
Health Care Providers & Services – 1.7%
Guardant Health, Inc.(a)		794,624		17,926,717
Inari Medical, Inc.(a)		441,757		29,341,500
				47,268,217
Life Sciences Tools & Services – 1.8%
ICON PLC(a)		76,968		14,830,964

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Company	Shares		U.S. $ Value
Repligen Corp.(a)		224,167	$	33,990,442
				48,821,406
Pharmaceuticals – 1.4%
Intra-Cellular Therapies, Inc.(a)		378,684		23,535,211
Revance Therapeutics, Inc.(a)		454,505		14,466,894
				38,002,105
				534,062,593
Consumer Discretionary – 15.4%
Broadline Retail – 1.7%
Driven Brands Holdings, Inc.(a)		1,469,628		45,117,580
Distributors – 1.4%
Pool Corp.		111,326		39,111,050
Hotels, Restaurants & Leisure – 5.1%
Planet Fitness, Inc. - Class A(a)		599,002		49,801,026
Vail Resorts, Inc.		165,287		39,754,829
Wingstop, Inc.		242,513		48,529,277
				138,085,132
Household Durables – 1.4%
NVR, Inc.(a)		6,466		37,761,440
Specialty Retail – 5.8%
Burlington Stores, Inc.(a)		191,456		36,914,631
Dynatrace, Inc.(a)		983,219		41,570,499
Five Below, Inc.(a)		280,074		55,275,405
Lithia Motors, Inc.		112,102		24,762,211
				158,522,746
				418,597,948
Financials – 7.4%
Capital Markets – 2.7%
Ares Management Corp. - Class A		293,491		25,706,877
MarketAxess Holdings, Inc.		47,917		15,255,335
PJT Partners, Inc. - Class A		459,615		31,607,724
				72,569,936
Financial Services – 2.8%
Flywire Corp.(a)		1,381,326		40,293,279
Shift4 Payments, Inc. - Class A(a) (b)		550,385		37,299,592
				77,592,871
Insurance – 1.9%
Kinsale Capital Group, Inc.(b)		159,127		51,988,382
				202,151,189
Energy – 5.1%
Energy Equipment & Services – 1.6%
Cactus, Inc. - Class A		515,578		20,870,598

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Company	Shares		U.S. $ Value
NOV, Inc.		1,362,708	$	22,825,359
				43,695,957
Oil, Gas & Consumable Fuels – 3.5%
Matador Resources Co.		651,875		31,961,431
Permian Resources Corp.		2,220,420		23,203,389
Southwestern Energy Co.(a)		3,481,207		18,067,464
Targa Resources Corp.		298,958		22,580,298
				95,812,582
				139,508,539
Consumer Staples – 2.9%
Consumer Staples Distribution & Retail – 1.6%
Grocery Outlet Holding Corp.(a)		1,449,693		43,171,857
Food Products – 1.3%
Freshpet, Inc.(a)		523,833		36,128,762
				79,300,619
Materials – 1.4%
Chemicals – 1.4%
FMC Corp.		310,936		38,425,471
Total Common Stocks (cost $2,378,454,607)				2,607,964,466
INVESTMENT COMPANIES – 1.3%
Funds and Investment Trusts – 1.3%
iShares Russell 2000 Growth ETF(b) (c) (cost $29,350,976)		157,002		35,199,848
SHORT-TERM INVESTMENTS – 2.9%
Investment Companies – 2.9%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.74%(c) (d) (e) (cost $78,110,933)		78,110,933		78,110,933
Total Investments Before Security Lending Collateral for Securities Loaned – 99.9% (cost $2,485,916,516)				2,721,275,247
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.7%
Investment Companies – 0.7%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.74%(c) (d) (e) (cost $20,286,686)		20,286,686		20,286,686

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	U.S. $ Value
Total Investments – 100.6% (cost $2,506,203,202)(f)		$    2,741,561,933
Other assets less liabilities – (0.6)%		(16,406,687	)
Net Assets – 100.0%		$    2,725,155,246

(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 April 30, 2023, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $415,067,896 and gross unrealized depreciation of investments was $(179,709,165), resulting in net unrealized appreciation of $235,358,731.

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

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AB Discovery Growth Fund, Inc.

April 30, 2023 (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, 2023:

Investments in Securities:	Level 1		Level 2		Level 3		Total
Assets:
Common Stocks(a)	$	2,607,964,466	$	—	$	—	$	2,607,964,466
Investment Companies		35,199,848		—		—		35,199,848
Short-Term Investments		78,110,933		—		—		78,110,933
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		20,286,686		—		—		20,286,686
Total Investments in Securities		2,741,561,933		—		—		2,741,561,933
Other Financial Instruments(b)		—		—		—		—
Total	$	2,741,561,933	$	—	$	—	$	2,741,561,933

^(a)  See Portfolio of Investments for sector classifications.

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^(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 nine months ended April 30, 2023 is as follows:

Fund	Market Value 07/31/2022 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 04/30/2023 (000)		Dividend Income (000)
Government Money Market Portfolio	$	86,546	$	530,314	$	538,749	$	78,111	$	1,366
Government Money Market Portfolio*		74,220		510,538		564,471		20,287		781
Total	$	160,766	$	1,040,852	$	1,103,220	$	98,398	$	2,147

* Investments of cash collateral for securities lending transactions

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