0001775697-22-000455.txt : 20220526 0001775697-22-000455.hdr.sgml : 20220526 20220526122524 ACCESSION NUMBER: 0001775697-22-000455 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220331 FILED AS OF DATE: 20220526 PERIOD START: 20221231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BNY Mellon Large Cap Securities Fund, Inc. CENTRAL INDEX KEY: 0000030146 IRS NUMBER: 136021175 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-00523 FILM NUMBER: 22967457 BUSINESS ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 BUSINESS PHONE: 2129226400 MAIL ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: NESBETT FUND INC DATE OF NAME CHANGE: 19680607 0000030146 S000000068 BNY Mellon Large Cap Securities Fund, Inc. C000000105 BNY Mellon Large Cap Securities Fund, Inc. DREVX NPORT-P 1 primary_doc.xml NPORT-P false 0000030146 XXXXXXXX S000000068 C000000105 BNY Mellon Large Cap Securities Fund, Inc. 811-00523 0000030146 549300BH6NJF63HZ1E81 240 Greenwich Street New York 10286 212 495 1784 BNY Mellon Large Cap Securities Fund, Inc. S000000068 549300BH6NJF63HZ1E81 2022-12-31 2022-03-31 N 1763774456.91 16976004.90 1746798452.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 UST GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 GOLDMAN SACHS GROUP INC/THE 38141G104 63111.00 NS USD 20832941.10 1.1926356515846 Long EC CORP US N 1 N N N ROPER TECHNOLOGIES INC 54930003T4SXCIWVXY35 ROPER TECHNOLOGIES INC 776696106 56047.00 NS USD 26467074.81 1.5151762230808 Long EC CORP US N 1 N N N BLACKROCK INC 549300LRIF3NWCU26A80 BLACKROCK INC 09247X101 37576.00 NS USD 28714451.92 1.6438331443996 Long EC CORP US N 1 N N N FMC CORP CKDHZ2X64EEBQCSP7013 FMC CORP 302491303 177269.00 NS USD 23323282.33 1.3352016830082 Long EC CORP US N 1 N N N SALESFORCE.COM INC RCGZFPDMRW58VJ54VR07 SALESFORCE.COM INC 79466L302 133716.00 NS USD 28390581.12 1.6252923219236 Long EC CORP US N 1 N N N TJX COS INC/THE V167QI9I69W364E2DY52 TJX COS INC/THE 872540109 333562.00 NS USD 20207185.96 1.1568126784603 Long EC CORP US N 1 N N N HESS CORP UASVRYNXNK17ULIGK870 HESS CORP 42809H107 386101.00 NS USD 41328251.04 2.3659427332583 Long EC CORP US N 1 N N N DANAHER CORP S4BKK9OTCEWQ3YHPFM11 DANAHER CORP 235851102 134674.00 NS USD 39503924.42 2.2615044325545 Long EC CORP US N 1 N N N INTUITIVE SURGICAL INC 54930052SRG011710797 INTUITIVE SURGICAL INC 46120E602 89901.00 NS USD 27121333.68 1.5526309660277 Long EC CORP US N 1 N N N NEXTERA ENERGY INC 5493008F4ZOQFNG3WN54 NEXTERA ENERGY INC 65339F101 407865.00 NS USD 34550244.15 1.9779181799848 Long EC CORP US N 1 N N N WALT DISNEY CO/THE 549300GZKULIZ0WOW665 WALT DISNEY CO/THE 254687106 176149.00 NS USD 24160596.84 1.383135920014 Long EC CORP US N 1 N N N APPLE INC HWUPKR0MPOU8FGXBT394 APPLE INC 037833100 820511.00 NS USD 143269425.71 8.2018292119015 Long EC CORP US N 1 N N N BLOCK INC 549300OHIIUWSTIZME52 BLOCK INC 852234103 137147.00 NS USD 18597133.20 1.064641039646 Long EC CORP US N 1 N N N CHUBB LTD E0JAN6VLUDI1HITHT809 CHUBB LTD N/A 123854.00 NS USD 26492370.60 1.5166243460724 Long EC CORP CH N 1 N N N ALCOA CORP 549300T12EZ1F6PWWU29 ALCOA CORP 013872106 655558.00 NS USD 59019886.74 3.3787462241042 Long EC CORP US N 1 N N N MEDTRONIC PLC 549300GX3ZBSQWUXY261 MEDTRONIC PLC N/A 213129.00 NS USD 23646662.55 1.3537144209619 Long EC CORP IE N 1 N N N AMAZON.COM INC ZXTILKJKG63JELOEG630 AMAZON.COM INC 023135106 25095.00 NS USD 81808445.25 4.6833362575897 Long EC CORP US N 1 N N N FIRST HORIZON CORP TF3RXI1ZB1TQ30H9JV10 FIRST HORIZON CORP 320517105 1461553.00 NS USD 34331879.97 1.9654173571367 Long EC CORP US N 1 N N N PROGRESSIVE CORP/THE 529900TACNVLY9DCR586 PROGRESSIVE CORP/THE 743315103 209549.00 NS USD 23886490.51 1.3674439934678 Long EC CORP US N 1 N N N EDWARDS LIFESCIENCES CORP YA13X31F3V31L8TMPR58 EDWARDS LIFESCIENCES CORP 28176E108 254049.00 NS USD 29906648.28 1.7120835117289 Long EC CORP US N 1 N N N EQT CORP 4NT01YGM4X7ZX86ISY52 EQT CORP 26884L109 1393628.00 NS USD 47954739.48 2.745293220567 Long EC CORP US N 1 N N N ROCKWELL AUTOMATION INC VH3R4HHBHH12O0EXZJ88 ROCKWELL AUTOMATION INC 773903109 76366.00 NS USD 21384770.98 1.2242265818012 Long EC CORP US N 1 N N N NATIONAL VISION HOLDINGS INC 549300JHURCBLI5ROA42 NATIONAL VISION HOLDINGS INC 63845R107 456708.00 NS USD 19898767.56 1.1391564686299 Long EC CORP US N 1 N N N ELI LILLY & CO FRDRIPF3EKNDJ2CQJL29 ELI LILLY & CO 532457108 170806.00 NS USD 48913714.22 2.8001922124281 Long EC CORP US N 1 N N N VISA INC 549300JZ4OKEHW3DPJ59 VISA INC 92826C839 87167.00 NS USD 19331025.59 1.1066546096234 Long EC CORP US N 1 N N ZEBRA TECHNOLOGIES CORP PO0I32GKZ3HZMMDPZZ08 ZEBRA TECHNOLOGIES CORP 989207105 41298.00 NS USD 17084982.60 0.9780740634582 Long EC CORP US N 1 N N N APPLIED MATERIALS INC 41BNNE1AFPNAZELZ6K07 APPLIED MATERIALS INC 038222105 199578.00 NS USD 26304380.40 1.5058623603502 Long EC CORP US N 1 N N N BOOKING HOLDINGS INC FXM8FAOHMYDIPD38UZ17 BOOKING HOLDINGS INC 09857L108 9750.00 NS USD 22897387.50 1.3108202307857 Long EC CORP US N 1 N N N PNC FINANCIAL SERVICES GROUP INC/THE CFGNEKW0P8842LEUIA51 PNC FINANCIAL SERVICES GROUP INC/THE 693475105 146303.00 NS USD 26985588.35 1.5448598731552 Long EC CORP US N 1 N N N ZOETIS INC 549300HD9Q1LOC9KLJ48 ZOETIS INC 98978V103 136136.00 NS USD 25673888.24 1.4697682042514 Long EC CORP US N 1 N N N TESLA INC 54930043XZGB27CTOV49 TESLA INC 88160R101 35978.00 NS USD 38769892.80 2.2194828919952 Long EC CORP US N 1 N N N ANSYS INC 549300VJV8H15Z5FJ571 ANSYS INC 03662Q105 45136.00 NS USD 14337450.40 0.8207844690669 Long EC CORP US N 1 N N N ALPHABET INC 5493006MHB84DD0ZWV18 ALPHABET INC 02079K107 39239.00 NS USD 109594134.61 6.2739999845942 Long EC CORP US N 1 N N N WALMART INC Y87794H0US1R65VBXU25 WALMART INC 931142103 167081.00 NS USD 24881702.52 1.4244174816716 Long EC CORP US N 1 N N N ABBVIE INC FR5LCKFTG8054YNNRU85 ABBVIE INC 00287Y109 274468.00 NS USD 44494007.48 2.5471746570877 Long EC CORP US N 1 N N N VALERO ENERGY CORP 549300XTO5VR8SKV1V74 VALERO ENERGY CORP 91913Y100 260273.00 NS USD 26428120.42 1.5129461781689 Long EC CORP US N 1 N N N NVIDIA CORP 549300S4KLFTLO7GSQ80 NVIDIA CORP 67066G104 269335.00 NS USD 73490748.10 4.2071681489891 Long EC CORP US N 1 N N N HOWMET AEROSPACE INC 549300HO5WFZUT5N2T22 HOWMET AEROSPACE INC 443201108 497299.00 NS USD 17872926.06 1.0231819268808 Long EC CORP US N 1 N N N INGERSOLL RAND INC 5299004C02FMZCUOIR50 INGERSOLL RAND INC 45687V106 770176.00 NS USD 38778361.60 2.2199677103777 Long EC CORP US N 1 N N N SEAGEN INC N/A SEAGEN INC 81181C104 116181.00 NS USD 16735873.05 0.9580883833931 Long EC CORP US N 1 N N N MICROSOFT CORP INR2EJN1ERAN0W5ZP974 MICROSOFT CORP 594918104 408734.00 NS USD 126016779.54 7.2141568132829 Long EC CORP US N 1 N N N QUALCOMM INC H1J8DDZKZP6H7RWC0H53 QUALCOMM INC 747525103 160487.00 NS USD 24525623.34 1.4040328070922 Long EC CORP US N 1 N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 JPMORGAN CHASE & CO 46625H100 258934.00 NS USD 35297882.88 2.020718694786 Long EC CORP US N 1 N N N UNION PACIFIC CORP 549300LMMRSZZCZ8CL11 UNION PACIFIC CORP 907818108 104446.00 NS USD 28535691.66 1.6335995504899 Long EC CORP US N 1 N N N AMETEK INC 549300WZDEF9KKE40E98 AMETEK INC 031100100 192402.00 NS USD 25624098.36 1.4669178536605 Long EC CORP US N 1 N N N PEPSICO INC FJSUNZKFNQ5YPJ5OT455 PEPSICO INC 713448108 228072.00 NS USD 38174691.36 2.1854090445336 Long EC CORP US N 1 N N N TRANE TECHNOLOGIES PLC 549300BURLR9SLYY2705 TRANE TECHNOLOGIES PLC N/A 228831.00 NS USD 34942493.70 2.0003735210431 Long EC CORP IE N 1 N N N DREYFUS INSTITUTIONAL PREFERRE 549300RBWL04JG8SIX57 Dreyfus Institutional Preferred Government Plus Money Market Fund N/A 11631097.58 OU Other Units USD 11631097.58 0.6658522949007 Long STIV RF US N 1 2099-12-01 Variable 0.305872 N N N N N N 2022-05-25 BNY Mellon Advantage Funds, Inc. James Windels James Windels Fund Treasurer XXXX NPORT-EX 2 c10625bnymellonla-march20221.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Large Cap Securities Fund, Inc.

March 31, 2022 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 100.2%

     

Automobiles & Components - 2.2%

     

Tesla

   

35,978

a 

 38,769,893

 

Banks - 5.5%

     

First Horizon

   

1,461,553

 

34,331,880

 

JPMorgan Chase & Co.

   

258,934

 

35,297,883

 

The PNC Financial Services Group

   

146,303

 

26,985,588

 
    

96,615,351

 

Capital Goods - 9.5%

     

AMETEK

   

192,402

 

25,624,098

 

Howmet Aerospace

   

497,299

 

17,872,926

 

Ingersoll Rand

   

770,176

 

38,778,362

 

Rockwell Automation

   

76,366

 

21,384,771

 

Roper Technologies

   

56,047

 

26,467,075

 

Trane Technologies

   

228,831

 

34,942,494

 
    

165,069,726

 

Consumer Services - 1.3%

     

Booking Holdings

   

9,750

a 

 22,897,387

 

Diversified Financials - 2.8%

     

BlackRock

   

37,576

 

28,714,452

 

The Goldman Sachs Group

   

63,111

 

20,832,941

 
    

49,547,393

 

Energy - 6.6%

     

EQT

   

1,393,628

 

47,954,739

 

Hess

   

386,101

 

41,328,251

 

Valero Energy

   

260,273

 

26,428,120

 
    

115,711,110

 

Food & Staples Retailing - 1.4%

     

Walmart

   

167,081

 

 24,881,703

 

Food, Beverage & Tobacco - 2.2%

     

PepsiCo

   

228,072

 

 38,174,691

 

Health Care Equipment & Services - 4.6%

     

Edwards Lifesciences

   

254,049

a 

29,906,648

 

Intuitive Surgical

   

89,901

a 

27,121,334

 

Medtronic

   

213,129

 

23,646,663

 
    

80,674,645

 

Insurance - 2.9%

     

Chubb

   

123,854

 

26,492,371

 

The Progressive

   

209,549

 

23,886,491

 
    

50,378,862

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 100.2% (continued)

     

Materials - 4.7%

     

Alcoa

   

655,558

 

59,019,887

 

FMC

   

177,269

 

23,323,282

 
    

82,343,169

 

Media & Entertainment - 7.7%

     

Alphabet, Cl. C

   

39,239

a 

109,594,134

 

The Walt Disney Company

   

176,149

a 

24,160,597

 
    

133,754,731

 

Pharmaceuticals Biotechnology & Life Sciences - 10.1%

     

AbbVie

   

274,468

 

44,494,007

 

Danaher

   

134,674

 

39,503,924

 

Eli Lilly & Co.

   

170,806

 

48,913,714

 

Seagen

   

116,181

a 

16,735,873

 

Zoetis

   

136,136

 

25,673,888

 
    

175,321,406

 

Retailing - 7.0%

     

Amazon.com

   

25,095

a 

81,808,445

 

National Vision Holdings

   

456,708

a 

19,898,768

 

The TJX Companies

   

333,562

 

20,207,186

 
    

121,914,399

 

Semiconductors & Semiconductor Equipment - 7.1%

     

Applied Materials

   

199,578

 

26,304,380

 

NVIDIA

   

269,335

 

73,490,748

 

Qualcomm

   

160,487

 

24,525,623

 
    

124,320,751

 

Software & Services - 11.8%

     

Ansys

   

45,136

a 

14,337,450

 

Block

   

137,147

a 

18,597,133

 

Microsoft

   

408,734

 

126,016,780

 

Salesforce

   

133,716

a 

28,390,581

 

Visa, Cl. A

   

87,167

b 

19,331,026

 
    

206,672,970

 

Technology Hardware & Equipment - 9.2%

     

Apple

   

820,511

 

143,269,426

 

Zebra Technologies, Cl. A

   

41,298

a 

17,084,983

 
    

160,354,409

 

Transportation - 1.6%

     

Union Pacific

   

104,446

 

 28,535,692

 

Utilities - 2.0%

     

NextEra Energy

   

407,865

 

 34,550,244

 

Total Common Stocks (cost $927,245,040)

   

1,750,488,532

 


        
 
  

1-Day
Yield (%)

     

Investment Companies - .7%

     

Registered Investment Companies - .7%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares
(cost $11,631,098)

 

0.31

 

11,631,098

c 

 11,631,098

 

Total Investments (cost $938,876,138)

 

100.9%

 

1,762,119,630

 

Liabilities, Less Cash and Receivables

 

(.9%)

 

(15,321,178)

 

Net Assets

 

100.0%

 

1,746,798,452

 

a Non-income producing security.

b Security, or portion thereof, on loan. At March 31, 2022, the value of the fund’s securities on loan was $19,137,642 and the value of the collateral was $19,712,547, consisting of U.S. Government & Agency securities. In addition, the value of collateral may include pending sales that are also on loan.

c Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s prospectus.


STATEMENT OF INVESTMENTS
BNY Mellon Large Cap Securities Fund, Inc.

March 31, 2022 (Unaudited)

The following is a summary of the inputs used as of March 31, 2022 in valuing the fund’s investments:

       
 

Level 1-Unadjusted Quoted Prices

Level 2- Other Significant Observable Inputs

 

Level 3-Significant Unobservable Inputs

Total

 

Assets ($)

  

Investments in Securities:

  

Equity Securities - Common Stocks

1,750,488,532

-

 

-

1,750,488,532

 

Investment Companies

11,631,098

-

 

-

11,631,098

 

 See Statement of Investments for additional detailed categorizations, if any.


The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the SEC under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund’s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

Level 1—unadjusted 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).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows:

Investments in equity securities are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price that day, at the last sales price. For open short positions, asked prices are used for valuation


purposes. Bid price is used when no asked price is available. Registered investment companies that are not traded on an exchange are valued at their net asset value. All of the preceding securities are generally categorized within Level 1 of the fair value hierarchy.

Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices. U.S. Treasury Bills are valued at the mean price between quoted bid prices and asked prices by an independent pricing service (the “Service”) approved by the Board Members (“Board”). These securities are generally categorized within Level 2 of the fair value hierarchy.

The Service’s procedures are reviewed by BNY Mellon under the general supervision of the Board.

Fair valuing of securities may be determined with the assistance of a pricing service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant American Depository Receipts and futures. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

Pursuant to a securities lending agreement with The Bank of New York Mellon, a subsidiary of BNY Mellon and an affiliate of BNY Mellon Investment Adviser, Inc., the fund may lend securities to qualified institutions. It is the fund’s policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash, which can be invested in certain money market mutual funds managed by BNY Mellon Investment Adviser Inc., or U.S. Government and Agency securities. The fund is entitled to receive all dividends, interest and distributions on securities loaned, in addition to income earned as a


result of the lending transaction. Should a borrower fail to return the securities in a timely manner, The Bank of New York Mellon is required to replace the securities for the benefit of the fund or credit the fund with the market value of the unreturned securities and is subrogated to the fund’s rights against the borrower and the collateral. Additionally, the contractual maturity of security lending transactions are on an overnight and continuous basis.

At March 31, 2022, accumulated net unrealized appreciation on investments was $823,243,492, consisting of $853,619,883 gross unrealized appreciation and $30,376,391 gross unrealized depreciation.

At March 31, 2022, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.